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ClearShares Piton Intermediate Fixed Income ETF (PIFI)
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Upturn Advisory Summary
11/13/2025: PIFI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 11.11% | Avg. Invested days 82 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/13/2025 |
Key Highlights
Volume (30-day avg) - | Beta 0.58 | 52 Weeks Range 89.54 - 95.03 | Updated Date 06/29/2025 |
52 Weeks Range 89.54 - 95.03 | Updated Date 06/29/2025 |
Upturn AI SWOT
ClearShares Piton Intermediate Fixed Income ETF
ETF Overview
Overview
The ClearShares Piton Intermediate Fixed Income ETF (FIXD) seeks to provide current income by investing primarily in U.S. dollar-denominated investment-grade fixed-income securities with an average maturity of three to ten years. It focuses on a diversified portfolio of corporate bonds, government securities, and asset-backed securities.
Reputation and Reliability
The issuer, ClearShares, is a smaller ETF provider. Their reputation is still developing, but they are known for niche fixed-income products.
Management Expertise
Information on the specific management team expertise is not widely publicized but likely consists of seasoned fixed-income professionals.
Investment Objective
Goal
To provide current income while maintaining capital preservation through investment in intermediate-term, investment-grade fixed income securities.
Investment Approach and Strategy
Strategy: The ETF aims to provide income by investing in fixed-income securities with intermediate maturities (3-10 years). It is actively managed.
Composition The ETF holds a mix of U.S. government and agency bonds, corporate bonds, and asset-backed securities, all investment-grade.
Market Position
Market Share: FIXD has a relatively small market share in the intermediate-term fixed income ETF segment.
Total Net Assets (AUM): 23190000
Competitors
Key Competitors
- iShares Core U.S. Aggregate Bond ETF (AGG)
- Vanguard Total Bond Market ETF (BND)
- Schwab U.S. Aggregate Bond ETF (SCHZ)
Competitive Landscape
The intermediate fixed-income ETF market is highly competitive, dominated by large players like iShares and Vanguard. FIXD differentiates itself with its active management strategy, but it faces challenges due to its smaller size, which may impact liquidity and expense ratio compared to its peers. Competitors have significantly lower expense ratios and higher trading volumes.
Financial Performance
Historical Performance: Historical performance data should be consulted from financial data providers as it varies with market conditions.
Benchmark Comparison: Performance should be compared to an appropriate benchmark like the Bloomberg Barclays U.S. Aggregate Bond Index, considering the ETF's duration and credit quality.
Expense Ratio: 0.29
Liquidity
Average Trading Volume
FIXD's average trading volume is typically lower compared to larger bond ETFs, impacting ease of trading.
Bid-Ask Spread
The bid-ask spread can be wider than more liquid ETFs, representing a potentially higher cost for trading.
Market Dynamics
Market Environment Factors
Economic growth, interest rate changes, inflation expectations, and credit spreads affect FIXD's performance.
Growth Trajectory
The growth trajectory depends on investor demand for actively managed intermediate-term fixed income and the fund's ability to outperform its benchmark after fees.
Moat and Competitive Advantages
Competitive Edge
FIXD's primary competitive advantage lies in its active management, which aims to identify undervalued securities and outperform passive benchmarks. The active management approach may adapt to changing market conditions, potentially providing added value. However, outperformance is not guaranteed and depends on the manager's skill. The ETF's smaller size may allow for greater flexibility in security selection, but liquidity may be impacted compared to competitors.
Risk Analysis
Volatility
FIXD's volatility is influenced by interest rate sensitivity and credit risk of the underlying holdings.
Market Risk
Market risk stems from potential declines in bond prices due to rising interest rates, widening credit spreads, or economic downturns.
Investor Profile
Ideal Investor Profile
FIXD is suitable for investors seeking current income with a moderate risk tolerance and a preference for actively managed fixed-income exposure.
Market Risk
FIXD is suitable for long-term investors seeking a diversified fixed-income allocation, potentially used as a complement to a core bond portfolio.
Summary
The ClearShares Piton Intermediate Fixed Income ETF (FIXD) offers actively managed exposure to intermediate-term, investment-grade fixed-income securities. Its goal is current income, but it competes with larger, passively managed bond ETFs. The smaller size can impact liquidity and expense ratios. FIXD suits investors looking for active management in their fixed income portfolio and who accept slightly higher management fees for potential outperformance. Performance is not guaranteed, as the manager's skill determines the success of the active strategy.
Similar ETFs
Sources and Disclaimers
Data Sources:
- ETF.com
- Morningstar
- Fund Fact Sheets and Prospectuses
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ClearShares Piton Intermediate Fixed Income ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years.
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