First Trust TCW Opportunistic Fixed Income ETF

10-Year Study

FIXD.US · · US · ETF

Executive Summary: First Trust TCW Opportunistic Fixed Income ETF has compounded at 1.9% annually over the last 10 years, with a maximum drawdown of 18.9% and an annualized volatility of 8.6%.

1Y CAGR
+5.9%
3Y CAGR
+4.0%
5Y CAGR
-0.3%
10Y CAGR
+1.9%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
18.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.41
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.57
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
5.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +9.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -14.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
67%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.21.6-2.70.8————————-0.1%
20250.62.5-0.00.2-0.61.6-0.31.21.40.71.1-0.38.4%
2024-0.2-1.60.6-3.22.10.92.91.81.6-3.11.1-2.10.7%
20233.9-2.92.60.6-1.2-0.50.0-0.8-3.0-1.94.94.25.7%
2022-2.0-1.1-3.5-3.90.0-2.22.9-2.8-5.1-1.64.0-0.3-14.9%
2021-0.4-1.2-1.10.90.30.71.1-0.0-0.9-0.20.2-0.3-1.1%
20202.01.6-1.32.41.00.91.7-0.7-0.1-0.31.20.28.9%
20191.40.12.0-0.02.01.10.22.6-0.50.00.3-0.19.6%
2018-1.1-1.10.7-0.70.7-0.20.20.7-0.6-0.60.51.70.1%
2017——-0.30.91.1-0.30.20.9-0.2-0.0-0.00.42.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 8.6%. The dominant macroeconomic risk driver is SHV.US, accounting for 48.9% of variance. Idiosyncratic stock-specific factors contribute 2.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2017-02-0110000
2017-03-019970.401129744425
2017-04-0110055.999327791224
2017-05-0110170.62718705022
2017-06-0110145.148306060992
2017-07-0110166.154830280835
2017-08-0110257.174066835983
2017-09-0110237.360171087974
2017-10-0110232.372815660296
2017-11-0110231.695185846753
2017-12-0110270.10324367839
2018-01-0110157.941956940691
2018-02-0110047.000403867367
2018-03-0110115.820487730833
2018-04-0110043.612254799653
2018-05-0110115.441015035249
2018-06-0110095.979486790284
2018-07-0110112.866021743785
2018-08-0110183.25820677467
2018-09-0110121.892050860184
2018-10-0110063.073783044616
2018-11-0110113.896019060368
2018-12-0110281.379003775752
2019-01-0110428.77704081771
2019-02-0110436.014127226352
2019-03-0110642.067800928622
2019-04-0110637.97491685482
2019-05-0110855.656718157496
2019-06-0110978.497450756642
2019-07-0111003.976331745871
2019-08-0111293.026105010935
2019-09-0111238.707299157299
2019-10-0111242.01413264739
2019-11-0111271.965370406007
2019-12-0111265.13486188549
2020-01-0111489.321909398182
2020-02-0111670.384595576974
2020-03-0111516.074734436876
2020-04-0111789.376390835192
2020-05-0111905.386614913818
2020-06-0112014.91869797497
2020-07-0112223.384733813456
2020-08-0112142.06915618825
2020-09-0112126.646301632003
2020-10-0112095.719276941883
2020-11-0112243.713628219757
2020-12-0112266.129622451772
2021-01-0112211.241607554757
2021-02-0112061.919101842337
2021-03-0111923.465778339156
2021-04-0112025.028934793036
2021-05-0112066.852246884933
2021-06-0112148.926769901307
2021-07-0112284.262996262194
2021-08-0112279.194325256887
2021-09-0112169.526716233027
2021-10-0112148.00519335489
2021-11-0112175.408543014586
2021-12-0112134.371281506395
2022-01-0111888.120607264735
2022-02-0111758.09699864203
2022-03-0111351.139637820417
2022-04-0110907.942634570505
2022-05-0110912.631832880224
2022-06-0110669.22720385544
2022-07-0110973.699831676753
2022-08-0110661.6648551363
2022-09-0110121.377052201888
2022-10-019961.564836975818
2022-11-0110355.37617941469
2022-12-0110326.888622053326
2023-01-0110727.557578205257
2023-02-0110417.71812226068
2023-03-0110693.323720025046
2023-04-0110761.19512214955
2023-05-0110626.834682720168
2023-06-0110570.591408196065
2023-07-0110572.949559947197
2023-08-0110490.875036930825
2023-09-0110174.80138670165
2023-10-019983.682674089876
2023-11-0110475.994286225412
2023-12-0110917.510767537737
2024-01-0110898.34739641073
2024-02-0110727.665998975423
2024-03-0110788.191893921117
2024-04-0110447.859096367089
2024-05-0110670.121675209319
2024-06-0110768.432208558192
2024-07-0111080.385869521024
2024-08-0111283.647708391496
2024-09-0111462.785925899823
2024-10-0111111.611051329102
2024-11-0111230.467320624612
2024-12-0110999.070291895818
2025-01-0111069.598002889412
2025-02-0111344.010972181939
2025-03-0111343.035185250435
2025-04-0111368.405645469502
2025-05-0111299.883718723995
2025-06-0111478.561147959112
2025-07-0111445.682549405989
2025-08-0111586.62955062301
2025-09-0111748.718602022589
2025-10-0111833.124171597554
2025-11-0111958.892264991204
2025-12-0111924.089197767615
2026-01-0111949.866235874806
2026-02-0112143.126258697377
2026-03-0111815.153428942382
2026-04-0111908.476606863576
Annual Return Matrix
YearAnnual Return
20180.001097920812461295
20190.09568325977949677
20200.08885776982156268
2021-0.01074163937614081
2022-0.14895560861960744
20230.0571926518334982
20240.007470523830449549
20250.08409973582525043
2026-0.0013093319451989993
Total Factor Risk
0.08636478799628902
VTI.US Exposure
0.035416034082826155
VEA.US Exposure
0.02673765928695755
VWO.US Exposure
-0.003896908127005054
QQQ.US Exposure
-0.01016230053226174
VTV.US Exposure
0.0019309140410094549
IJR.US Exposure
-0.00590269394094327
QUAL.US Exposure
-0.03551791559178201
SHV.US Exposure
0.4894368770827572
TLT.US Exposure
0.06733778836101216
LQD.US Exposure
0.35104888037833365
HYG.US Exposure
-0.02572921545684262
GLD.US Exposure
-0.004057098441602143
USO.US Exposure
0.00520139140648044
VNQ.US Exposure
0.0053593142626129344
BTC-USD.CC Exposure
-0.0008612062368245068
CPER.US Exposure
0.00028328676789401156
VIX.INDX Exposure
-0.0032448990367063926
UUP.US Exposure
0.0028665603001933157
TIP.US Exposure
0.08359534689723117
Idiosyncratic Exposure
0.020158184496659716
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
54
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
8.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →4.50%
Market Cap$48.0B
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$89
Avg Yield on Cost
0.89%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$89.450.89%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.9%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
1.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.12
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is First Trust TCW Opportunistic Fixed Income ETF a high-risk investment?

First Trust TCW Opportunistic Fixed Income ETF (FIXD.US) has an annualized volatility of 8.6% and experienced a maximum drawdown of 18.9% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of FIXD.US?

Over the past 10 years, FIXD.US has generated a Compound Annual Growth Rate (CAGR) of 1.9%. It has had a positive return in 67% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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