FIXT vs SPY
TCW Core Plus Bond ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, FIXT or SPY?
SPY has been ahead.
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FIXT | SPY |
|---|---|---|
| Expense Ratio | 0.40% | 0.09%Best |
| AUM | $213M | $804.7B |
| Dividend Yield | 5.65% | 0.98% |
| Holdings | 595 | 505 |
| YTD Return | -1.10% | +11.97%Best |
| 1Y Return | -0.56% | +16.40%Best |
| 3Y Return (annualized) | +11.55% | +21.10%Best |
| 5Y Return (annualized) | - | +12.88% |
| Volatility (annualized) | 17.5% | 14.7%Best |
| Max Drawdown | -20.4% | -18.8%Best |
| $10,000 over 4.3 years | $16,136 | $19,722Best |
| Fund Family | TCW ETFs | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Blend |
| Inception | Jun 28, 2002 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 1, 2022 to Sep 14, 2026 (4.3 years).
FIXT vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.3 years both funds cover.
FIXT vs SPY Performance
TCW Core Plus Bond ETF (FIXT) is an ETF from TCW ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year FIXT returned -0.56% while SPY returned +16.40%. Year to date, FIXT is down 1.10% versus a gain of 11.97% for SPY.
Over three years, FIXT compounded at +11.55% per year against +21.10% for SPY. Across the full 4-year window we track, SPY has the edge at +17.11% annualized vs +11.77%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIXT has been the more volatile fund, with annualized monthly volatility of 17.5% compared with 14.7% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.4% for FIXT and -18.8% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FIXT charges 0.40% per year while SPY charges 0.09%. On a $10,000 position that is $40 vs $9 annually, a gap of $31 per year that compounds over a long holding period. On income, FIXT currently yields 5.65% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 229 holdings in FIXT and 504 in SPY, totalling 51.2% and 99.9% of the two funds. That is not enough of FIXT to divide by, so no overlap percentage is shown here. Within what we can see, 1 positions appear in both.
1 positions in common, counted across the 229 positions we hold weights for in FIXT and 504 in SPY, against full books of 595 and 505.
Top Shared Holdings
| Stock | Weight in FIXT | Weight in SPY | Difference |
|---|---|---|---|
| CNPCenterPoint Energy Inc 5.95 04/01/2056 | 0.14% | 0.04% | 0.10% |
You are not choosing between two funds in isolation.
Whichever of FIXT and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FIXT or SPY?
FIXT has an expense ratio of 0.40% while SPY charges 0.09%. SPY is the cheaper option, by $31 a year on a $10,000 investment.
Which performed better, FIXT or SPY?
Over the past year FIXT returned -0.56% vs +16.40% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (4 years), FIXT annualized +11.77% vs +17.11% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FIXT or SPY?
FIXT has been the more volatile fund at 17.5% annualized versus 14.7% for SPY. Worst drawdown: FIXT -20.4% vs SPY -18.8%.
Should I hold both FIXT and SPY?
FIXT and SPY have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FIXT or SPY?
FIXT yields 5.65% while SPY yields 0.98%, so FIXT currently pays the higher dividend yield.
Is SPY better than FIXT?
SPY has a lower expense ratio. SPY led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.