Correlation
The correlation between FIAX and TLTW is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
FIAX vs. TLTW
Compare and contrast key facts about Nicholas Fixed Income Alternative ETF (FIAX) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW).
FIAX and TLTW 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. TLTW is a passively managed fund by iShares that tracks the performance of the CBOE TLT 2% OTM Buywrite Index (USD). It was launched on Jun 18, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FIAX or TLTW.
Performance
FIAX vs. TLTW - Performance Comparison
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Key characteristics
FIAX:
0.46
TLTW:
0.23
FIAX:
0.58
TLTW:
0.32
FIAX:
1.08
TLTW:
1.04
FIAX:
0.32
TLTW:
0.12
FIAX:
1.05
TLTW:
0.36
FIAX:
1.93%
TLTW:
5.55%
FIAX:
4.99%
TLTW:
10.63%
FIAX:
-6.26%
TLTW:
-18.60%
FIAX:
-3.63%
TLTW:
-12.31%
Returns By Period
In the year-to-date period, FIAX achieves a -1.87% return, which is significantly lower than TLTW's 0.96% return.
FIAX
-1.87%
1.40%
-2.79%
2.14%
N/A
N/A
N/A
TLTW
0.96%
-2.25%
-0.83%
2.08%
N/A
N/A
N/A
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FIAX vs. TLTW - Expense Ratio Comparison
FIAX has a 1.04% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Risk-Adjusted Performance
FIAX vs. TLTW — Risk-Adjusted Performance Rank
FIAX
TLTW
FIAX vs. TLTW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Fixed Income Alternative ETF (FIAX) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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. TLTW - Dividend Comparison
FIAX's dividend yield for the trailing twelve months is around 8.78%, less than TLTW's 16.39% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FIAX Nicholas Fixed Income Alternative ETF | 8.78% | 8.11% | 4.81% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 16.39% | 14.47% | 19.59% | 8.71% |
Drawdowns
FIAX vs. TLTW - Drawdown Comparison
The maximum FIAX drawdown since its inception was -6.26%, smaller than the maximum TLTW drawdown of -18.60%. Use the drawdown chart below to compare losses from any high point for FIAX and TLTW.
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Volatility
FIAX vs. TLTW - Volatility Comparison
The current volatility for Nicholas Fixed Income Alternative ETF (FIAX) is 1.22%, while iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) has a volatility of 2.66%. This indicates that FIAX experiences smaller price fluctuations and is considered to be less risky than TLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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