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 a closer substitute for your current allocation.
Cheapest Alternatives to FIAX
FIAX charges 1.04% annually. There are 21 ETFs in the Nontraditional Bonds category with lower expense ratios, going as low as 0.23%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 0.23% | 131.15M | Dec 2013 | FIAX vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | 0.40% | 146.87M | Feb 2025 | FIAX vs DABS | |
| JPMorgan Flexible Debt ETF | 0.45% | 1.44B | Sep 2025 | FIAX vs JFLX | |
| Simplify Bond Bull ETF | 0.50% | 45.63M | Dec 2024 | FIAX vs RFIX | |
| Simplify Interest Rate Hedge ETF | 0.50% | 182.81M | May 2021 | FIAX vs PFIX |
Best Risk-Adjusted Alternatives to FIAX
FIAX has a PortfoliosLab risk / return rank of 41. There are 8 ETFs in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | 97 | 16.11M | Mar 2025 | FIAX vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 89 | 131.15M | Dec 2013 | FIAX vs AGZD | |
| Simplify Kayne Anderson Energy and Infrastructure ... | 85 | 150.10M | May 2025 | FIAX vs KNRG | |
| NEOS Enhanced Income Credit Select ETF | 82 | 219.35M | Sep 2024 | FIAX vs HYBI | |
| DoubleLine Asset-Backed Securities ETF | 74 | 146.87M | Feb 2025 | FIAX vs DABS |
Top Performing FIAX Alternatives (YTD)
FIAX is at 1.83% YTD. There are 10 ETFs in the Nontraditional Bonds category with higher YTD returns, going as high as 11.17%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Interest Rate Hedge ETF | 11.17% | 182.81M | May 2021 | FIAX vs PFIX | |
| FolioBeyond Alternative Income and Interest Rate H... | 4.75% | 180.75M | Sep 2021 | FIAX vs RISR | |
| Return Stacked Bonds & Managed Futures ETF | 3.91% | 137.91M | Feb 2023 | FIAX vs RSBT | |
| Brookmont Catastrophic Bond ETF | 3.55% | 16.11M | Mar 2025 | FIAX vs ILS | |
| Simplify Bond Bull ETF | 3.26% | 45.63M | Dec 2024 | FIAX vs RFIX |
Lowest Volatility Alternatives to FIAX
FIAX has 3.99% 1-year volatility. There are 11 ETFs in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vest 2 Year Interest Rate Hedge ETF | 0.00% | — | Jan 2024 | FIAX vs HYKE | |
| DoubleLine Asset-Backed Securities ETF | 2.34% | 146.87M | Feb 2025 | FIAX vs DABS | |
| Brookmont Catastrophic Bond ETF | 2.47% | 16.11M | Mar 2025 | FIAX vs ILS | |
| JPMorgan Flexible Debt ETF | 2.61% | 1.44B | Sep 2025 | FIAX vs JFLX | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | 2.70% | 131.15M | Dec 2013 | FIAX vs AGZD |
Lowest Drawdown Alternatives to FIAX
FIAX has a 1-year max drawdown of -2.40%. There are 4 ETFs in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Brookmont Catastrophic Bond ETF | -0.55% | 16.11M | Mar 2025 | FIAX vs ILS | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.73% | 131.15M | Dec 2013 | FIAX vs AGZD | |
| DoubleLine Asset-Backed Securities ETF | -1.29% | 146.87M | Feb 2025 | FIAX vs DABS | |
| NEOS Enhanced Income Credit Select ETF | -1.43% | 219.35M | Sep 2024 | FIAX vs HYBI | |
| First Trust TCW Unconstrained Plus Bond ETF | -2.45% | 3.26B | Jun 2018 | FIAX vs UCON |
Other ETFs from Nicholas
The 6 most viewed Nicholas ETFs shown here include BLOX, GIAX, FITZ and span 5 categories. AUM among these funds goes as high as $280M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nicholas Crypto Income ETF | Cryptocurrency | 11 | -1.70% | 280.43M | Jun 2025 | FIAX vs BLOX | |
| Nicholas Global Equity and Income ETF | Derivative Income | 24 | 8.67% | 105.09M | Jul 2024 | FIAX vs GIAX | |
| Fitz-Gerald Must Have Portfolio ETF | Large Cap Growth Equities | — | — | 22.49M | May 2026 | FIAX vs FITZ | |
| Nicholas Gold Income ETF | Gold, Derivative Income, Precious Metals | — | — | 2.72M | Feb 2026 | FIAX vs GLDN | |
| Nicholas Bitcoin Tail ETF | Cryptocurrency | — | — | 20.89M | Mar 2026 | FIAX vs BHDG | |
| Nicholas Bitcoin and Treasuries AfterDark ETF | Cryptocurrency | — | — | 24.94M | Apr 2026 | FIAX vs NGHT |
Often Compared With FIAX
Investors most often compare FIAX with BALI, BIL, FXAIX. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FIAX with Any Fund or Stock
Compare FIAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FIAX with funds that move differently
Nicholas Fixed Income Alternative ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FIAX.
Explore FIAX Diversifiers