A side-by-side comparison of First Trust TCW Opportunistic Fixed Income ETF (FIXD) and Vanguard Core Bond ETF (VCRB) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | FIXD | VCRB |
|---|---|---|
| YTD Return | -2.78% | -1.67%✓ |
| 1-Day Change | +0.30% | +0.30%✓ |
| 1-Week Change | +0.23%✓ | +0.16% |
| 1-Month Change | +1.56%✓ | +1.59% |
| Current Price | $41.91 | $74.79 |
| AUM | $2.84B | $8.08B✓ |
| MER (Expense Ratio) | 0.62% | 0.09%✓ |
| Dividend Yield | 4.87%✓ | 4.76% |
| Distribution Frequency | — | — |
| Inception Date | 2017-02-14 | 2023-12-14 |
| Holdings Count | 10 | 2 |
| MorningStar Rating | — | — |
| Category | US Bonds | US Bonds |
| Beta | 1.14 | 0.00 |
| 52-Week High | $43.78 | $76.76 |
| 52-Week Low | $38.41 | $73.09 |
| 50-Day MA | $42.08 | $74.67 |
| 200-Day MA | $43.33 | $76.62 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | FIXD | VCRB |
|---|---|---|
| YTD | -2.78% | -1.67%✓ |
| 1 Year | -2.25% | -1.00%✓ |
| 3 Year | +5.16% | — |
| 5 Year | -0.88% | — |
| 10 Year | +0.00% | — |
| 1Y Volatility | 4.48% | 4.33% |
| Sharpe Ratio (3Y) | -0.06 | 0.00 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | US06055HAB96 | BAC 6.125 | 0.33% |
| 2 | US902973BC96 | USB 3.7 | 0.31% |
| 3 | US693475BF18 | PNC 6.2 | 0.25% |
| 4 | US89832QAD16 | TFC 4.8 | 0.23% |
| 5 | XELLL | Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 | 0.19% |
| 6 | US29273VAM28 | Energy Transfer 7.125% perp. | 0.19% |
| 7 | US693475BC86 | PNC 3.4 | 0.18% |
| 8 | US064058AL44 | BK 3.75 | 0.17% |
| 9 | US02005NBN93 | ALLY 4.7 | 0.16% |
| 10 | JXN-PA | Jackson Financial Inc. | 0.08% |
| 1 | US16411QAN16 | CQP 3.25 31-JAN-32 | 0.02% |
| 2 | WS | Worthington Steel Inc | 0.00% |
Sector Weights
| Sector | FIXD | VCRB |
|---|---|---|
| Basic Materials | 0.00% | 100.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About FIXD
The fund pursues its objective by investing at least 80% of its net assets (including investment borrowings) in fixed income securities. It may invest up to 35% of its net assets in corporate, non-U.S. and non-agency debt and other securities rated below investment grade by one or more nationally recognized statistical rating organization (NRSRO), or, if unrated, judged to be of comparable quality by the Sub-Advisor.
About VCRB
The fund invests in fixed income securities of various maturities, yields, and qualities. Under normal circumstances, the fund will invest at least 80% of its assets in bonds, which include fixed income securities such as corporate bonds; U.S. Treasury obligations and other U.S. government and agency securities; and asset-backed, mortgage-backed, and mortgage-related securities.
Which ETF is Right for You?
Both FIXD and VCRB are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, VCRB scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between FIXD and VCRB?
FIXD (First Trust TCW Opportunistic Fixed Income ETF) and VCRB (Vanguard Core Bond ETF) are both Canadian-listed ETFs. Key differences include their AUM ($2.84B vs $8.08B), dividend yield (4.87% vs 4.76%), and year-to-date performance (-2.78% vs -1.67%).
Is FIXD better than VCRB?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy FIXD and VCRB on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both FIXD and VCRB should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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