FIXD vs SHM

Comparison between FIRST TRUST TCW OPPORTUNISTIC FIXED INCOME ETF (FIXD, ETF) and SPDR Nuveen Bloomberg Short Term Municipal Bond ETF (SHM, ETF).

5-Year PerformanceSHM has outperformed FIXD, delivering a return of +0.9% compared to -0.3%

FIXD vs SHM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FIXD(ETF)	SHM(ETF)
Net Assets	$3.40B	$3.40B
Expense Ratio	0.65%	0.20%
Max Drawdown	26.65%	11.61%
Sharpe Ratio	0.40	0.01
5Y Beta	0.04	0.01
5Y Dividends CAGR	2.87%	19.21%

Net Assets

FIXD

$3.40B

SHM

$3.40B

Expense Ratio

FIXD

0.65%

Winner

SHM

0.20%

Max Drawdown

FIXD

26.65%

Winner

SHM

11.61%

Sharpe Ratio

Winner

FIXD

0.40

SHM

0.01

5Y Beta

FIXD

0.04

Winner

SHM

0.01

5Y Dividends CAGR

FIXD

2.87%

Winner

SHM

19.21%

FIXD vs SHM - Historical Returns

Returns include dividend reinvestment.

Period	FIXD	SHM
1 month	+0.13%	-0.05%
3 months	-0.17%	-0.37%
6 months	+0.73%	+1.05%
1 year	+6.03%	+3.75%
5 years(CAGR)	-0.27%	+0.87%
10 years(CAGR)	+2.08%	+1.15%
Max(CAGR)	+2.08%	+1.79%

Winner

FIXD

+0.13%

SHM

-0.05%

Winner

FIXD

-0.17%

SHM

-0.37%

FIXD

+0.73%

Winner

SHM

+1.05%

Winner

FIXD

+6.03%

SHM

+3.75%

5Y(CAGR)

FIXD

-0.27%

Winner

SHM

+0.87%

10Y(CAGR)

Winner

FIXD

+2.08%

SHM

+1.15%

Max(CAGR)

Winner

FIXD

+2.08%

SHM

+1.79%

FIXD vs SHM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	FIXD	SHM
2026	+0.42%	+0.45%
2025	+7.82%	+3.86%
2024	+1.26%	+1.22%
2023	+5.12%	+2.81%
2022	-14.49%	-3.80%
2021	-1.13%	-0.37%
2020	+8.82%	+2.53%
2019	+10.30%	+3.60%
2018	+0.14%	+1.42%
2017	+3.50%	+1.01%
2016	N/A	-0.49%
2015	N/A	+1.13%
2014	N/A	+1.01%
2013	N/A	+1.27%
2012	N/A	+1.32%
2011	N/A	+3.76%
2010	N/A	+1.19%
2009	N/A	+4.28%
2008	N/A	+5.83%
2007	N/A	+1.61%

FIXD vs SHM Drawdown Comparison

The maximum drawdown for FIXD was -20.44%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.

The current FIXD drawdown is -3.38%. The current SHM drawdown is -0.65%.

Rank	FIXD	SHM
#1	-20.44% Aug 4, 2021 - Oct 20, 2022	-11.61% Mar 9, 2020 - May 19, 2020
#2	-8.51% Mar 9, 2020 - May 22, 2020	-6.97% Sep 23, 2008 - Dec 5, 2008
#3	-3.22% Jan 4, 2021 - Jul 19, 2021	-6.67% Aug 3, 2021 - Sep 5, 2024
#4	-3.17% Sep 5, 2017 - Jan 3, 2019	-3.50% Aug 31, 2010 - May 6, 2011
#5	-2.11% Sep 4, 2019 - Oct 4, 2019	-3.07% Feb 13, 2008 - Mar 18, 2008
#6	-1.53% Oct 4, 2019 - Dec 13, 2019	-2.70% Aug 22, 2016 - Aug 2, 2017
#7	-1.52% Feb 24, 2017 - Apr 11, 2017	-2.63% Apr 23, 2013 - Oct 23, 2013
#8	-1.47% Jun 23, 2017 - Aug 24, 2017	-2.07% Sep 5, 2017 - Jan 11, 2019
#9	-1.29% Aug 6, 2020 - Dec 29, 2020	-1.87% Feb 13, 2009 - Apr 16, 2009
#10	-0.77% Jul 3, 2019 - Aug 1, 2019	-1.75% Mar 18, 2008 - Aug 15, 2008
#11	-0.73% Mar 28, 2019 - May 7, 2019	-1.67% Sep 6, 2011 - Jan 11, 2012
#12	-0.72% Jun 6, 2017 - Jun 22, 2017	-1.67% Apr 4, 2025 - Jun 12, 2025
#13	-0.57% Jan 31, 2020 - Feb 20, 2020	-1.31% Oct 3, 2024 - Feb 25, 2025
#14	-0.54% Dec 13, 2019 - Jan 2, 2020	-1.24% Sep 17, 2008 - Sep 23, 2008
#15	-0.48% Feb 26, 2019 - Mar 7, 2019	-1.13% Feb 26, 2026 - Mar 24, 2026

Correlation

Correlation between FIXD and SHM is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2007 - 2026)

FIXD vs SHM dividend yield comparison.

Year	FIXD	SHM
2026	1.51%	0.89%
2025	4.50%	2.61%
2024	4.56%	2.06%
2023	3.93%	1.15%
2022	3.07%	0.69%
2021	1.74%	0.86%
2020	3.14%	1.24%
2019	5.10%	1.40%
2018	2.81%	1.23%
2017	1.95%	1.06%
2016	0.00%	0.94%
2015	0.00%	0.92%
2014	0.00%	0.93%
2013	0.00%	0.97%
2012	0.00%	1.40%
2011	0.00%	1.60%
2010	0.00%	1.91%
2009	0.00%	2.03%
2008	0.00%	2.59%
2007	0.00%	0.72%