Nicholas Global Equity and Income ETF (GIAX) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GIAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GIAX
GIAX charges 0.97% annually. There are 119 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.28M | Nov 2024 | GIAX vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | GIAX vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | GIAX vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | GIAX vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 4.25B | Oct 2023 | GIAX vs GPIX |
Best Risk-Adjusted Alternatives to GIAX
GIAX has a PortfoliosLab risk / return rank of 41. There are 81 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | GIAX vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | GIAX vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | GIAX vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 88 | 8.41B | Dec 2013 | GIAX vs QYLD | |
| YieldMax TSM Option Income Strategy ETF | 88 | 117.86M | Aug 2024 | GIAX vs TSMY |
Top Performing GIAX Alternatives (YTD)
GIAX is at 22.12% YTD. There are 17 ETFs in the Derivative Income category with higher YTD returns, going as high as 363.23%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 363.23% | 14.71M | Oct 2025 | GIAX vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 192.40% | 90.88M | Jul 2025 | GIAX vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 85.77% | 1.02B | Apr 2025 | GIAX vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 62.18% | 62.15M | May 2024 | GIAX vs USOY | |
| YieldMax MRNA Option Income Strategy ETF | 51.59% | 82.87M | Oct 2023 | GIAX vs MRNY |
Lowest Volatility Alternatives to GIAX
GIAX has 21.77% 1-year volatility. There are 135 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | GIAX vs IPDP | |
| Simplify Treasury Option Income ETF | 3.14% | 438.06M | Oct 2022 | GIAX vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | GIAX vs HYTI | |
| Main Buywrite ETF | 4.85% | 1.21B | Dec 2015 | GIAX vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.10% | 287.53M | Feb 2025 | GIAX vs LQTI |
Lowest Drawdown Alternatives to GIAX
GIAX has a 1-year max drawdown of -17.62%. There are 93 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | GIAX vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | GIAX vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | GIAX vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | GIAX vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | GIAX vs OMAH |
Other ETFs from Nicholas
The 4 most viewed Nicholas ETFs shown here include BLOX, FIAX, FITZ and span 3 categories. AUM among these funds goes as high as $298M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Nicholas Crypto Income ETF | Cryptocurrency | — | 16.52% | 298.00M | Jun 2025 | GIAX vs BLOX | |
| Nicholas Fixed Income Alternative ETF | Nontraditional Bonds | 35 | 1.22% | 132.16M | Nov 2022 | GIAX vs FIAX | |
| Fitz-Gerald Must Have Portfolio ETF | Large Cap Growth Equities | — | — | — | May 2026 | GIAX vs FITZ | |
| Nicholas Bitcoin Tail ETF | Cryptocurrency | — | — | 13.47M | Mar 2026 | GIAX vs BHDG |
Often Compared With GIAX
Investors most often compare GIAX with QQQI, BTCI, SPY. These 20 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare GIAX with Any Fund or Stock
Compare GIAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GIAX with funds that move differently
Nicholas Global Equity and Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GIAX.
Explore GIAX Diversifiers