GIAX vs. SPY
Compare and contrast key facts about Nicholas Global Equity and Income ETF (GIAX) and SPDR S&P 500 ETF (SPY).
GIAX and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GIAX is an actively managed fund by Nicholas Wealth Management. It was launched on Jul 29, 2024. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GIAX or SPY.
Correlation
The correlation between GIAX and SPY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GIAX vs. SPY - Performance Comparison
Key characteristics
GIAX:
21.88%
SPY:
20.08%
GIAX:
-20.38%
SPY:
-55.19%
GIAX:
-9.25%
SPY:
-9.89%
Returns By Period
In the year-to-date period, GIAX achieves a -5.08% return, which is significantly higher than SPY's -5.76% return.
GIAX
-5.08%
-0.66%
-5.47%
N/A
N/A
N/A
SPY
-5.76%
-3.16%
-4.30%
10.76%
15.96%
11.99%
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GIAX vs. SPY - Expense Ratio Comparison
GIAX has a 0.97% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
GIAX vs. SPY — Risk-Adjusted Performance Rank
GIAX
SPY
GIAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Nicholas Global Equity and Income ETF (GIAX) and SPDR S&P 500 ETF (SPY). 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.
Not enough dataDividends
GIAX vs. SPY - Dividend Comparison
GIAX's dividend yield for the trailing twelve months is around 18.44%, more than SPY's 1.30% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIAX Nicholas Global Equity and Income ETF | 18.44% | 10.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
GIAX vs. SPY - Drawdown Comparison
The maximum GIAX drawdown since its inception was -20.38%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GIAX and SPY. For additional features, visit the drawdowns tool.
Volatility
GIAX vs. SPY - Volatility Comparison
The current volatility for Nicholas Global Equity and Income ETF (GIAX) is 14.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that GIAX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.