GIAX vs. FIYY

Last updated Jul 17, 2026

GIAX (Nicholas Global Equity and Income ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a 0.22 correlation, their price movements are largely independent. GIAX charges 0.97%/yr vs 1.07%/yr for FIYY.

Performance

GIAX vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Global Equity and Income ETF (GIAX) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GIAX

• 1D: -4.24%
• 1M: -9.44%
• 6M: 3.65%
• YTD: 7.71%
• 1Y: 11.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.04%
• 1M: -0.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GIAX vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
GIAX Nicholas Global Equity and Income ETF	-0.44%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.79%

Correlation

The correlation between GIAX and FIYY is 0.22, 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 5, 2026	0.22

Return for Risk

GIAX vs. FIYY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GIAX

GIAX Risk / Return Rank: 19
GIAX Sharpe Ratio Rank: 18
GIAX Sortino Ratio Rank: 18
GIAX Omega Ratio Rank: 18
GIAX Calmar Ratio Rank: 19
GIAX Martin Ratio Rank: 24

FIYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GIAX vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Global Equity and Income ETF (GIAX) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GIAX	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	0.48	—	—
Sortino ratio: Return per unit of downside risk	0.81	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.66	—	—
Martin ratio: Return relative to average drawdown	2.37	—	—

Drawdowns

GIAX vs. FIYY - Drawdown Comparison

The maximum GIAX drawdown since its inception was -20.38%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for GIAX and FIYY.

Drawdown Indicators

	GIAX	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	-2.51%	-17.87%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	—	—
Current Drawdown Current decline from peak	-14.34%	-1.91%	-12.43%
Average Drawdown Average peak-to-trough decline	-3.26%	-1.50%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	—	—

Volatility

Volatility by Period

	GIAX	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.32%	4.95%	+19.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.31%	4.95%	+17.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.31%	4.95%	+17.36%

GIAX vs. FIYY - Expense Ratio Comparison

GIAX has a 0.97% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

GIAX vs. FIYY - Dividend Comparison

GIAX's dividend yield for the trailing twelve months is around 26.80%, more than FIYY's 1.13% yield.

Position	TTM	2025	2024
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%	0.00%
GIAX Nicholas Global Equity and Income ETF	26.80%	25.62%	10.58%

Frequently Asked Questions

Can I hold both GIAX and FIYY in my portfolio?

GIAX and FIYY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GIAX or FIYY?

On fees, GIAX is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GIAX or FIYY?

GIAX is cheaper with a 0.97% expense ratio, compared with 1.07% for FIYY.

Which ETF pays a higher dividend yield, GIAX or FIYY?

GIAX has the higher dividend yield at 26.80%, compared with 1.13% for FIYY.

What is the main difference between GIAX and FIYY?

They also come from different issuers: Nicholas and GraniteShares. Their fees differ too: 0.97% for GIAX and 1.07% for FIYY.