FTBD vs SECR
Fidelity Tactical Bond ETF vs NYLIM MacKay Securitized Income ETF
Which is better, FTBD or SECR?
Nearly the same fund. SECR costs less.
SECR has a lower expense ratio. FTBD led over 1Y, SECR over the full window. The two have moved almost in lockstep, correlation 0.97.
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 | FTBD | SECR |
|---|---|---|
| Expense Ratio | 0.55% | 0.28%Best |
| AUM | $37M | $160M |
| Dividend Yield | 5.68% | 7.14% |
| Holdings | 755 | 461 |
| YTD Return | -1.46%Best | -2.03% |
| 1Y Return | -1.51%Best | -1.84% |
| 3Y Return (annualized) | +5.55% | - |
| Volatility (annualized) | 4.7%Tie | 4.7%Tie |
| Max Drawdown | -4.9%Best | -5.1% |
| $10,000 over 2.4 years | $10,934 | $10,977Best |
| Fund Family | Fidelity Investments (US) | New York Life Investment Management LLC |
| Category | Fixed Income | Fixed Income |
| Style | Long Term High Quality | Long Term High Quality |
| Inception | Jan 24, 2023 | May 31, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.4 years row, are measured over the window both funds cover: May 31, 2024 to Oct 14, 2026 (2.4 years).
FTBD vs SECR 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 2.4 years both funds cover.
FTBD vs SECR Performance
Fidelity Tactical Bond ETF (FTBD) is an ETF from Fidelity Investments (US) and NYLIM MacKay Securitized Income ETF (SECR) is an ETF from New York Life Investment Management LLC. Over the past year FTBD returned -1.51% while SECR returned -1.84%. Year to date, FTBD is down 1.46% versus a loss of 2.03% for SECR.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FTBD and SECR have been equally volatile, both at 4.7% annualized.
The deepest peak-to-trough decline in our data was -4.9% for FTBD and -5.1% for SECR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FTBD charges 0.55% per year while SECR charges 0.28%. On a $10,000 position that is $55 vs $28 annually, a gap of $27 per year that compounds over a long holding period. On income, FTBD currently yields 5.68% against 7.14% for SECR.
Holdings Overlap
We hold position weights for 136 holdings in FTBD and 96 in SECR, totalling 39.1% and 37.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 136 positions we hold weights for in FTBD and 96 in SECR, against full books of 755 and 461.
You are not choosing between two funds in isolation.
Whichever of FTBD and SECR 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, FTBD or SECR?
FTBD has an expense ratio of 0.55% while SECR charges 0.28%. SECR is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, FTBD or SECR?
Over the past year FTBD returned -1.51% vs -1.84% for SECR, so FTBD leads on 1-year performance. Over the longest common window we track (2 years), FTBD annualized +3.79% vs +3.96% for SECR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FTBD or SECR?
FTBD and SECR have been equally volatile, both at 4.7% annualized. Worst drawdown: FTBD -4.9% vs SECR -5.1%.
Should I hold both FTBD and SECR?
FTBD and SECR have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, FTBD or SECR?
FTBD yields 5.68% while SECR yields 7.14%, so SECR currently pays the higher dividend yield.
Is SECR better than FTBD?
SECR has a lower expense ratio. FTBD led over 1Y, SECR over the full window. The two have moved almost in lockstep, correlation 0.97. Which one suits a particular account depends on what it is for. This is information, not a recommendation.