Other popular active fixed income ETFs this year include FTSL, First Trust TCW Opportunistic Fixed Income ETF (FIXD), JPHY, Quadratic Interest Rate Volatility and Inflation ETF (IVOL), and Vanguard Ultra-Short Bond ETF (VUSB). Fixed income ETFs have been demonstrating diversification, liquidity, and tax efficiency benefits to those used to buying individual bonds or using mutual funds. First Trust, JPMorgan, and State Street Global Advisors also have a strong active fixed income ETF franchise.