FITZ vs. GIAX
FITZ (Fitz-Gerald Must Have Portfolio ETF) and GIAX (Nicholas Global Equity and Income ETF) are both exchange-traded funds - FITZ is a Large Cap Growth Equities fund actively managed by Nicholas, while GIAX is a Derivative Income fund actively managed by Nicholas. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. FITZ charges 0.75%/yr vs 0.97%/yr for GIAX.
Performance
FITZ vs. GIAX - Performance Comparison
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Returns By Period
FITZ
- 1D
- -0.95%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GIAX
- 1D
- -2.89%
- 1M
- 12.88%
- YTD
- 22.12%
- 6M
- 19.89%
- 1Y
- 31.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FITZ vs. GIAX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FITZ Fitz-Gerald Must Have Portfolio ETF | -1.46% |
GIAX Nicholas Global Equity and Income ETF | 1.45% |
Correlation
The correlation between FITZ and GIAX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 29, 2026 | 0.40 |
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Return for Risk
FITZ vs. GIAX — Risk / Return Rank
FITZ
GIAX
FITZ vs. GIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fitz-Gerald Must Have Portfolio ETF (FITZ) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| FITZ | GIAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -6.98 | 0.97 | -7.96 |
Drawdowns
FITZ vs. GIAX - Drawdown Comparison
The maximum FITZ drawdown since its inception was -1.77%, smaller than the maximum GIAX drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for FITZ and GIAX.
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Drawdown Indicators
| FITZ | GIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.77% | -20.38% | +18.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.62% | — |
Current DrawdownCurrent decline from peak | -1.77% | -2.89% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -0.86% | -2.99% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.07% | — |
Volatility
FITZ vs. GIAX - Volatility Comparison
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Volatility by Period
| FITZ | GIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.06% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.00% | 21.77% | -11.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 21.46% | -11.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.00% | 21.46% | -11.46% |
FITZ vs. GIAX - Expense Ratio Comparison
FITZ has a 0.75% expense ratio, which is lower than GIAX's 0.97% expense ratio.
Dividends
FITZ vs. GIAX - Dividend Comparison
FITZ has not paid dividends to shareholders, while GIAX's dividend yield for the trailing twelve months is around 22.33%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FITZ Fitz-Gerald Must Have Portfolio ETF | 0.00% | 0.00% | 0.00% |
GIAX Nicholas Global Equity and Income ETF | 22.33% | 25.62% | 10.58% |
Frequently Asked Questions
FITZ and GIAX have a correlation of 0.40, 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 0.97% for GIAX.
GIAX has the higher dividend yield at 22.33%, compared with 0.00% for FITZ.
FITZ is categorized as Large Cap Growth Equities, while GIAX is Derivative Income. Their fees differ too: 0.75% for FITZ and 0.97% for GIAX.
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