FIAX vs. SOXX
Compare and contrast key facts about Nicholas Fixed Income Alternative ETF (FIAX) and iShares PHLX Semiconductor ETF (SOXX).
FIAX and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIAX or SOXX.
Key characteristics
| FIAX | SOXX | |
|---|---|---|
| YTD Return | 5.16% | 13.64% |
| 1Y Return | 6.19% | 37.50% |
| Sharpe Ratio | 1.77 | 1.08 |
| Daily Std Dev | 3.49% | 33.67% |
| Max Drawdown | -2.97% | -70.21% |
| Current Drawdown | -0.13% | -17.99% |
Correlation
The correlation between FIAX and SOXX is 0.25, 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. SOXX - Performance Comparison
In the year-to-date period, FIAX achieves a 5.16% return, which is significantly lower than SOXX's 13.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FIAX vs. SOXX - Expense Ratio Comparison
FIAX has a 1.04% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
FIAX vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
FIAX's dividend yield for the trailing twelve months is around 7.06%, more than SOXX's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 7.06% | 4.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares PHLX Semiconductor ETF | 0.67% | 0.78% | 1.25% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% | 1.56% | 1.18% |
Drawdowns
FIAX vs. SOXX - Drawdown Comparison
The maximum FIAX drawdown since its inception was -2.97%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for FIAX and SOXX. For additional features, visit the drawdowns tool.
Volatility
FIAX vs. SOXX - Volatility Comparison
The current volatility for Nicholas Fixed Income Alternative ETF (FIAX) is 1.39%, while iShares PHLX Semiconductor ETF (SOXX) has a volatility of 12.64%. This indicates that FIAX experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.