FIAX vs. FITZ
FIAX (Nicholas Fixed Income Alternative ETF) and FITZ (Fitz-Gerald Must Have Portfolio ETF) are both exchange-traded funds - FIAX is a Nontraditional Bonds fund actively managed by Nicholas, while FITZ is a Large Cap Growth Equities fund actively managed by Nicholas. Both are actively managed. Their correlation of 0.80 suggests significant overlap in exposure. FIAX charges 1.04%/yr vs 0.75%/yr for FITZ.
Performance
FIAX vs. FITZ - Performance Comparison
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Returns By Period
FIAX
- 1D
- -0.14%
- 1M
- 0.50%
- YTD
- 1.22%
- 6M
- 1.19%
- 1Y
- 4.66%
- 3Y*
- 3.47%
- 5Y*
- —
- 10Y*
- —
FITZ
- 1D
- -0.95%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIAX vs. FITZ - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FIAX Nicholas Fixed Income Alternative ETF | -0.12% |
FITZ Fitz-Gerald Must Have Portfolio ETF | -1.46% |
Correlation
The correlation between FIAX and FITZ is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 29, 2026 | 0.80 |
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Return for Risk
FIAX vs. FITZ — Risk / Return Rank
FIAX
FITZ
FIAX vs. FITZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and Fitz-Gerald Must Have Portfolio ETF (FITZ). 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.
| FIAX | FITZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.21 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | — | — |
| Martin ratioReturn relative to average drawdown | 7.11 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FIAX | FITZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | -6.98 | +7.79 |
Drawdowns
FIAX vs. FITZ - Drawdown Comparison
The maximum FIAX drawdown since its inception was -6.26%, which is greater than FITZ's maximum drawdown of -1.77%. Use the drawdown chart below to compare losses from any high point for FIAX and FITZ.
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Drawdown Indicators
| FIAX | FITZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.26% | -1.77% | -4.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.40% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.26% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.77% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -0.85% | -0.86% | +0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | — | — |
Volatility
FIAX vs. FITZ - Volatility Comparison
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Volatility by Period
| FIAX | FITZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 3.40% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.14% | 10.00% | -5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.05% | 10.00% | -5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 10.00% | -5.95% |
FIAX vs. FITZ - Expense Ratio Comparison
FIAX has a 1.04% expense ratio, which is higher than FITZ's 0.75% expense ratio.
Dividends
FIAX vs. FITZ - Dividend Comparison
FIAX's dividend yield for the trailing twelve months is around 8.19%, while FITZ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 8.19% | 8.17% | 8.11% | 4.81% |
FITZ Fitz-Gerald Must Have Portfolio ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIAX and FITZ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FITZ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FITZ is cheaper with a 0.75% expense ratio, compared with 1.04% for FIAX.
FIAX has the higher dividend yield at 8.19%, compared with 0.00% for FITZ.
FIAX is categorized as Nontraditional Bonds, while FITZ is Large Cap Growth Equities. Their fees differ too: 1.04% for FIAX and 0.75% for FITZ.
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