Correlation
The correlation between FIAX and GIAX is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FIAX vs. GIAX
Compare and contrast key facts about Nicholas Fixed Income Alternative ETF (FIAX) and Nicholas Global Equity and Income ETF (GIAX).
FIAX and GIAX 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. GIAX is an actively managed fund by Nicholas Wealth Management. It was launched on Jul 29, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIAX or GIAX.
Performance
FIAX vs. GIAX - Performance Comparison
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Key characteristics
FIAX:
4.99%
GIAX:
21.20%
FIAX:
-6.26%
GIAX:
-20.38%
FIAX:
-3.63%
GIAX:
-3.77%
Returns By Period
In the year-to-date period, FIAX achieves a -1.87% return, which is significantly lower than GIAX's 0.65% return.
FIAX
-1.87%
1.40%
-2.79%
2.14%
N/A
N/A
N/A
GIAX
0.65%
7.32%
-2.27%
N/A
N/A
N/A
N/A
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FIAX vs. GIAX - Expense Ratio Comparison
FIAX has a 1.04% expense ratio, which is higher than GIAX's 0.97% expense ratio.
Risk-Adjusted Performance
FIAX vs. GIAX — Risk-Adjusted Performance Rank
FIAX
GIAX
FIAX vs. GIAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and Nicholas Global Equity and Income ETF (GIAX). 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.
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Dividends
FIAX vs. GIAX - Dividend Comparison
FIAX's dividend yield for the trailing twelve months is around 8.78%, less than GIAX's 19.64% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 8.78% | 8.11% | 4.81% |
GIAX Nicholas Global Equity and Income ETF | 19.64% | 10.58% | 0.00% |
Drawdowns
FIAX vs. GIAX - Drawdown Comparison
The maximum FIAX drawdown since its inception was -6.26%, smaller than the maximum GIAX drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for FIAX and GIAX.
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Volatility
FIAX vs. GIAX - Volatility Comparison
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