Nicholas Fixed Income Alternative ETF (FIAX)
FIAX is an actively managed ETF by Nicholas. FIAX launched on Nov 29, 2022 and has a 1.04% expense ratio.
ETF Info
US88634T5359
Nov 29, 2022
1x
No Index (Active)
Expense Ratio
FIAX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Nicholas Fixed Income Alternative ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Nicholas Fixed Income Alternative ETF had a return of 0.72% year-to-date (YTD) and 5.20% in the last 12 months.
FIAX
0.72%
-0.60%
1.06%
5.20%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.40% | 0.72% | |||||||||||
| 2024 | 0.24% | -0.28% | 0.29% | -1.17% | 1.42% | 1.08% | 2.04% | 1.22% | -0.04% | -0.10% | 1.34% | -1.40% | 4.67% |
| 2023 | 0.14% | 0.19% | 0.73% | 0.19% | 0.12% | 0.32% | 0.53% | 0.90% | -2.01% | -0.74% | 2.53% | 0.54% | 3.44% |
| 2022 | -0.30% | -0.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FIAX is 55, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Nicholas Fixed Income Alternative ETF provided a 7.54% dividend yield over the last twelve months, with an annual payout of $1.44 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $1.44 | $1.54 | $0.95 |
Dividend yield | 7.54% | 8.11% | 4.81% |
Monthly Dividends
The table displays the monthly dividend distributions for Nicholas Fixed Income Alternative ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.13 | $0.00 | $0.13 | ||||||||||
| 2024 | $0.12 | $0.12 | $0.12 | $0.11 | $0.11 | $0.11 | $0.12 | $0.12 | $0.13 | $0.13 | $0.13 | $0.23 | $1.54 |
| 2023 | $0.02 | $0.06 | $0.05 | $0.05 | $0.07 | $0.07 | $0.09 | $0.11 | $0.11 | $0.11 | $0.11 | $0.12 | $0.95 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Nicholas Fixed Income Alternative ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nicholas Fixed Income Alternative ETF was 2.97%, occurring on Oct 27, 2023. Recovery took 29 trading sessions.
The current Nicholas Fixed Income Alternative ETF drawdown is 1.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.97% | Sep 1, 2023 | 40 | Oct 27, 2023 | 29 | Dec 8, 2023 | 69 |
| -2.77% | Dec 12, 2024 | 19 | Jan 10, 2025 | — | — | — |
| -1.99% | Nov 8, 2024 | 6 | Nov 15, 2024 | 9 | Nov 29, 2024 | 15 |
| -1.71% | Feb 2, 2024 | 61 | Apr 30, 2024 | 11 | May 15, 2024 | 72 |
| -1.52% | Dec 5, 2022 | 2 | Dec 6, 2022 | 5 | Dec 13, 2022 | 7 |
Volatility
Volatility Chart
The current Nicholas Fixed Income Alternative ETF volatility is 0.97%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.