FIAX vs. BIL
Compare and contrast key facts about Nicholas Fixed Income Alternative ETF (FIAX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
FIAX and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FIAX is an actively managed fund by Nicholas. It was launched on Nov 29, 2022. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIAX or BIL.
Correlation
The correlation between FIAX and BIL is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FIAX vs. BIL - Performance Comparison
Key characteristics
FIAX:
1.21
BIL:
20.69
FIAX:
1.70
BIL:
260.89
FIAX:
1.24
BIL:
151.63
FIAX:
1.91
BIL:
460.86
FIAX:
7.43
BIL:
4,244.70
FIAX:
0.71%
BIL:
0.00%
FIAX:
4.40%
BIL:
0.24%
FIAX:
-2.97%
BIL:
-0.77%
FIAX:
-1.09%
BIL:
0.00%
Returns By Period
In the year-to-date period, FIAX achieves a 0.72% return, which is significantly higher than BIL's 0.58% return.
FIAX
0.72%
-0.60%
1.06%
5.20%
N/A
N/A
BIL
0.58%
0.36%
2.33%
5.03%
2.43%
1.68%
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FIAX vs. BIL - Expense Ratio Comparison
FIAX has a 1.04% expense ratio, which is higher than BIL's 0.14% expense ratio.
Risk-Adjusted Performance
FIAX vs. BIL — Risk-Adjusted Performance Rank
FIAX
BIL
FIAX vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FIAX vs. BIL - Dividend Comparison
FIAX's dividend yield for the trailing twelve months is around 7.54%, more than BIL's 4.93% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 7.54% | 8.11% | 4.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.93% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
FIAX vs. BIL - Drawdown Comparison
The maximum FIAX drawdown since its inception was -2.97%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for FIAX and BIL. For additional features, visit the drawdowns tool.
Volatility
FIAX vs. BIL - Volatility Comparison
Nicholas Fixed Income Alternative ETF (FIAX) has a higher volatility of 0.97% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.05%. This indicates that FIAX's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.