FIAX vs. LQDW
Compare and contrast key facts about Nicholas Fixed Income Alternative ETF (FIAX) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW).
FIAX and LQDW 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. LQDW is a passively managed fund by iShares that tracks the performance of the CBOE LQD BuyWrite Index. It was launched on Aug 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIAX or LQDW.
Correlation
The correlation between FIAX and LQDW is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FIAX vs. LQDW - Performance Comparison
Key characteristics
FIAX:
1.21
LQDW:
1.07
FIAX:
1.70
LQDW:
1.46
FIAX:
1.24
LQDW:
1.21
FIAX:
1.91
LQDW:
0.90
FIAX:
7.43
LQDW:
2.93
FIAX:
0.71%
LQDW:
1.60%
FIAX:
4.40%
LQDW:
4.41%
FIAX:
-2.97%
LQDW:
-9.20%
FIAX:
-1.09%
LQDW:
-1.10%
Returns By Period
In the year-to-date period, FIAX achieves a 0.72% return, which is significantly lower than LQDW's 1.77% return.
FIAX
0.72%
-0.60%
1.06%
5.20%
N/A
N/A
LQDW
1.77%
0.85%
0.19%
4.57%
N/A
N/A
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FIAX vs. LQDW - Expense Ratio Comparison
FIAX has a 1.04% expense ratio, which is higher than LQDW's 0.34% expense ratio.
Risk-Adjusted Performance
FIAX vs. LQDW — Risk-Adjusted Performance Rank
FIAX
LQDW
FIAX vs. LQDW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW). 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. LQDW - Dividend Comparison
FIAX's dividend yield for the trailing twelve months is around 7.54%, less than LQDW's 15.81% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 7.54% | 8.11% | 4.81% | 0.00% |
LQDW iShares Investment Grade Corporate Bond Buywrite Strategy ETF | 15.81% | 15.74% | 19.28% | 8.85% |
Drawdowns
FIAX vs. LQDW - Drawdown Comparison
The maximum FIAX drawdown since its inception was -2.97%, smaller than the maximum LQDW drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for FIAX and LQDW. For additional features, visit the drawdowns tool.
Volatility
FIAX vs. LQDW - Volatility Comparison
Nicholas Fixed Income Alternative ETF (FIAX) has a higher volatility of 0.97% compared to iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) at 0.48%. This indicates that FIAX's price experiences larger fluctuations and is considered to be riskier than LQDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.