Nicholas Fixed Income Alternative ETF (FIAX) Alternatives

Nicholas Fixed Income Alternative ETF (FIAX) belongs to the Nontraditional Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FIAX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to FIAX

FIAX charges 1.04% annually. Among ETFs in the Nontraditional Bonds category, these options have the lowest expense ratios among FIAX alternatives.

Symbol	Name	Expense Ratio	Inception
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	0.23%	Dec 18, 2013	FIAX vs AGZD
JFLX	JPMorgan Flexible Debt ETF	0.45%	Sep 26, 2025	FIAX vs JFLX
RFIX	Simplify Bond Bull ETF	0.50%	Dec 9, 2024	FIAX vs RFIX
FTBD	Fidelity Tactical Bond ETF	0.55%	Jan 24, 2023	FIAX vs FTBD
OBND	SPDR Loomis Sayles Opportunistic Bond ETF	0.55%	Sep 27, 2021	FIAX vs OBND

Best Risk-Adjusted Alternatives to FIAX

Among ETFs in the Nontraditional Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	86	Dec 18, 2013	FIAX vs AGZD
HYBI	NEOS Enhanced Income Credit Select ETF	85	Sep 27, 2024	FIAX vs HYBI
ABHY	Abacus Tactical High Yield ETF	84	—	FIAX vs ABHY
UCON	First Trust TCW Unconstrained Plus Bond ETF	82	Jun 4, 2018	FIAX vs UCON
OBND	SPDR Loomis Sayles Opportunistic Bond ETF	73	Sep 27, 2021	FIAX vs OBND

Top Performing FIAX Alternatives (YTD)

FIAX alternatives from the Nontraditional Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
RFIX	Simplify Bond Bull ETF	12.33%	Dec 9, 2024	FIAX vs RFIX
RSBT	Return Stacked Bonds & Managed Futures ETF	5.19%	Feb 7, 2023	FIAX vs RSBT
RYSE	Cboe Vest 10 Year Interest Rate Hedge ETF	2.52%	Feb 2, 2023	FIAX vs RYSE
RISR	FolioBeyond Alternative Income and Interest Rate H...	1.82%	Sep 30, 2021	FIAX vs RISR
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	1.24%	Dec 18, 2013	FIAX vs AGZD

Lowest Volatility Alternatives to FIAX

FIAX alternatives from the Nontraditional Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
JFLX	JPMorgan Flexible Debt ETF	2.51%	Sep 26, 2025	FIAX vs JFLX
UCON	First Trust TCW Unconstrained Plus Bond ETF	2.92%	Jun 4, 2018	FIAX vs UCON
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	3.46%	Dec 18, 2013	FIAX vs AGZD
ILS	Brookmont Catastrophic Bond ETF	3.53%	Mar 31, 2025	FIAX vs ILS
OBND	SPDR Loomis Sayles Opportunistic Bond ETF	3.71%	Sep 27, 2021	FIAX vs OBND

Lowest Drawdown Alternatives to FIAX

FIAX alternatives from the Nontraditional Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
AGZD	WisdomTree Interest Rate Hedged U.S. Aggregate Bon...	-1.14%	Dec 18, 2013	FIAX vs AGZD
UCON	First Trust TCW Unconstrained Plus Bond ETF	-2.45%	Jun 4, 2018	FIAX vs UCON
SSFI	Day Hagan/Ned Davis Research Smart Sector Fixed In...	-2.61%	Sep 28, 2021	FIAX vs SSFI
RISR	FolioBeyond Alternative Income and Interest Rate H...	-2.61%	Sep 30, 2021	FIAX vs RISR
OBND	SPDR Loomis Sayles Opportunistic Bond ETF	-2.88%	Sep 27, 2021	FIAX vs OBND

Other ETFs from Nicholas

Most popular Nicholas ETFs on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
BLOX	Nicholas Crypto Income ETF	Cryptocurrency	—	-18.83%	Jun 16, 2025	FIAX vs BLOX
GIAX	Nicholas Global Equity and Income ETF	Derivative Income	26	-8.92%	Jul 29, 2024	FIAX vs GIAX

Often Compared With FIAX

What investors most often compare with FIAX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
BIL	SPDR Barclays 1-3 Month T-Bill ETF	Government Bonds	100	0.85%	May 25, 2007	FIAX vs BIL
BALI	Blackrock Advantage Large Cap Income ETF	Derivative Income	70	-1.60%	Sep 26, 2023	FIAX vs BALI
FXAIX	Fidelity 500 Index Fund	S&P 500	46	-7.05%	Feb 17, 1988	FIAX vs FXAIX
JEPI	JPMorgan Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	39	0.20%	May 20, 2020	FIAX vs JEPI
TLTW	iShares 20+ Year Treasury Bond BuyWrite Strategy E...	Options Trading	48	1.44%	Jun 18, 2022	FIAX vs TLTW
SOXX	iShares Semiconductor ETF	Semiconductors, Technology Equities	92	9.20%	Jul 10, 2001	FIAX vs SOXX
LQDW	iShares Investment Grade Corporate Bond Buywrite S...	Corporate Bonds	79	0.01%	Aug 18, 2022	FIAX vs LQDW
JBBB	Janus Henderson B-BBB CLO ETF	CLO	49	-0.81%	Jan 11, 2022	FIAX vs JBBB
LQDH	iShares Interest Rate Hedged Corporate Bond ETF	Corporate Bonds, Actively Managed	80	-0.16%	May 27, 2014	FIAX vs LQDH
QAI	IQ Hedge Multi-Strategy Tracker ETF	Long-Short	80	1.82%	Mar 25, 2009	FIAX vs QAI
CSHI	Neos Enhanced Income Cash Alternative ETF	Ultrashort Bond	97	1.30%	Aug 29, 2022	FIAX vs CSHI
AMAX	RH Hedged Multi-Asset Income ETF	Nontraditional Bonds	71	0.18%	Oct 2, 2009	FIAX vs AMAX
HYKE	Vest 2 Year Interest Rate Hedge ETF	Nontraditional Bonds	—	—	Jan 10, 2024	FIAX vs HYKE
SPY	State Street SPDR S&P 500 ETF	S&P 500	64	-4.37%	Jan 22, 1993	FIAX vs SPY
SGOV	iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	100	0.86%	May 26, 2020	FIAX vs SGOV
SPYM	State Street SPDR Portfolio S&P 500 ETF	S&P 500	65	-4.35%	Nov 8, 2005	FIAX vs SPYM
YMAX	YieldMax Universe Fund of Option Income ETFs	Large Cap Blend Equities	15	-13.13%	Jan 16, 2024	FIAX vs YMAX
HIGH	Simplify Enhanced Income ETF	Derivative Income, Dividend, Actively Managed	23	-2.89%	Oct 27, 2022	FIAX vs HIGH
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	78	-0.35%	Apr 11, 2007	FIAX vs HYG
TLT	iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	12	0.17%	Jul 22, 2002	FIAX vs TLT

Compare FIAX with Any Fund or Stock

Compare FIAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Nicholas Fixed Income Alternative ETF

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