GIAX vs. SCHD

Last updated Aug 4, 2026

GIAX (Nicholas Global Equity and Income ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - GIAX is a Derivative Income fund actively managed by Nicholas, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. GIAX is actively managed, while SCHD is passively managed. Over the past year, GIAX returned 13.16% vs 31.89% for SCHD. Their 0.23 correlation means their historical movements had little consistent relationship. GIAX charges 1.03%/yr vs 0.06%/yr for SCHD.

Performance

GIAX vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Global Equity and Income ETF (GIAX) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GIAX achieves a 8.67% return, which is significantly lower than SCHD's 24.36% return.

GIAX

• 1D: 3.13%
• 1M: -3.55%
• 6M: 7.83%
• YTD: 8.67%
• 1Y: 13.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.74%

SCHD

• 1D: 0.27%
• 1M: 3.61%
• 6M: 13.71%
• YTD: 24.36%
• 1Y: 31.89%
• 3Y*: 14.88%
• 5Y*: 9.66%
• 10Y*: 12.70%
• ALL TIME*: 13.40%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GIAX Nicholas Global Equity and Income ETF	$1.18M	$1.87M	$1.96M
SCHD Schwab U.S. Dividend Equity ETF	$806.58M	$724.91M	$690.35M

GIAX vs. SCHD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GIAX Nicholas Global Equity and Income ETF	8.67%	11.73%	2.94%
SCHD Schwab U.S. Dividend Equity ETF	24.36%	4.34%	1.60%

Correlation

The correlation between GIAX and SCHD is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (All Time) Calculated using the full available price history since Jul 30, 2024	0.23

Over the past year, the correlation between GIAX and SCHD has dropped to 0.01 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.

GIAX vs. SCHD - Sectors Allocation Comparison

Sectors	GIAX	SCHD
Technology	47.0%	12.7%
Communication Services	15.7%	6.2%
Financial Services	11.1%	9.9%
Consumer Cyclical	9.9%	7.7%
Industrials	7.6%	7.8%
Healthcare	2.3%	20.8%
Real Estate	2.2%	-
Basic Materials	1.4%	1.2%
Consumer Defensive	1.0%	20.6%
Energy	0.9%	14.1%
Utilities	0.9%	0.1%

Return for Risk

GIAX vs. SCHD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GIAX

GIAX Risk / Return Rank: 24
GIAX Sharpe Ratio Rank: 24
GIAX Sortino Ratio Rank: 24
GIAX Omega Ratio Rank: 24
GIAX Calmar Ratio Rank: 23
GIAX Martin Ratio Rank: 27

SCHD

SCHD Risk / Return Rank: 95
SCHD Sharpe Ratio Rank: 96
SCHD Sortino Ratio Rank: 96
SCHD Omega Ratio Rank: 94
SCHD Calmar Ratio Rank: 97
SCHD Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GIAX vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Global Equity and Income ETF (GIAX) and Schwab U.S. Dividend Equity ETF (SCHD). 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	SCHD	Difference
Sharpe ratio: Return per unit of total volatility	0.52	2.90	-2.38
Sortino ratio: Return per unit of downside risk	0.87	4.49	-3.63
Omega ratio: Gain probability vs. loss probability	1.11	1.52	-0.42
Calmar ratio: Return relative to maximum drawdown	0.67	6.94	-6.27
Martin ratio: Return relative to average drawdown	2.22	17.53	-15.31

GIAX vs. SCHD - Sharpe Ratio Comparison

The current GIAX Sharpe Ratio is 0.52, which is lower than the SCHD Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of GIAX and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GIAX vs. SCHD - Drawdown Comparison

The maximum GIAX drawdown since its inception was -20.38%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for GIAX and SCHD.

Drawdown Indicators

	GIAX	SCHD	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	-33.37%	+12.99%
Max Drawdown (1Y) Largest decline over 1 year	-19.64%	-4.61%	-15.03%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.37%	—
Current Drawdown Current decline from peak	-13.58%	-0.97%	-12.61%
Average Drawdown Average peak-to-trough decline	-3.55%	-3.29%	-0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.95%	1.82%	+4.13%

Volatility

GIAX vs. SCHD - Volatility Comparison

Nicholas Global Equity and Income ETF (GIAX) has a higher volatility of 9.49% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.82%. This indicates that GIAX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GIAX	SCHD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.49%	3.82%	+5.67%
Volatility (6M) Calculated over the trailing 6-month period	22.48%	7.99%	+14.49%
Volatility (1Y) Calculated over the trailing 1-year period	25.36%	11.06%	+14.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.62%	14.39%	+8.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.62%	16.73%	+5.89%

GIAX vs. SCHD - Expense Ratio Comparison

GIAX has a 1.03% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

GIAX vs. SCHD - Dividend Comparison

GIAX's dividend yield for the trailing twelve months is around 26.00%, more than SCHD's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GIAX Nicholas Global Equity and Income ETF	26.00%	25.62%	10.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.12%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%

Frequently Asked Questions

Can I hold both GIAX and SCHD in my portfolio?

GIAX and SCHD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GIAX or SCHD?

GIAX has higher volatility (9.49%) compared to SCHD (3.82%). In terms of maximum drawdown, GIAX dropped -20.38% vs SCHD's -33.37%.

Which ETF is better, GIAX or SCHD?

On 1-year performance, SCHD leads with 31.89% vs 13.16% for GIAX. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.82%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GIAX or SCHD?

Over the 1-year period, SCHD has performed better with a 31.89% return vs 13.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GIAX or SCHD?

SCHD is cheaper with a 0.06% expense ratio, compared with 1.03% for GIAX.

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

GIAX has the higher dividend yield at 26.00%, compared with 3.12% for SCHD.

What is the main difference between GIAX and SCHD?

GIAX is categorized as Derivative Income, while SCHD is Dividend. They also come from different issuers: Nicholas and Charles Schwab. Their fees differ too: 1.03% for GIAX and 0.06% for SCHD.

Which has better risk-adjusted returns?

SCHD currently has the higher Sharpe Ratio (2.90 vs 0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.