GQI vs. FIAT

Last updated Apr 2, 2026

Compare and contrast key facts about Natixis Gateway Quality Income ETF (GQI) and YieldMax Short COIN Option Income Strategy ETF (FIAT).

GQI and FIAT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GQI is an actively managed fund by Natixis. It was launched on Dec 12, 2023. FIAT is an actively managed fund by YieldMax. It was launched on Jul 9, 2024.

Performance

GQI vs. FIAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Natixis Gateway Quality Income ETF (GQI) and YieldMax Short COIN Option Income Strategy ETF (FIAT). The values are adjusted to include any dividend payments, if applicable.

GQI vs. FIAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GQI Natixis Gateway Quality Income ETF	-1.51%	15.36%	3.87%
FIAT YieldMax Short COIN Option Income Strategy ETF	13.45%	-24.17%	-28.61%

Returns By Period

In the year-to-date period, GQI achieves a -1.51% return, which is significantly lower than FIAT's 13.45% return.

GQI

• 1D: 0.90%
• 1M: -3.32%
• YTD: -1.51%
• 6M: 2.99%
• 1Y: 17.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIAT

• 1D: 0.96%
• 1M: 1.55%
• YTD: 13.45%
• 6M: 49.80%
• 1Y: -32.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GQI vs. FIAT - Expense Ratio Comparison

GQI has a 0.34% expense ratio, which is lower than FIAT's 0.99% expense ratio.

FIAT

YieldMax Short COIN Option Income Strategy ETF

GQI

Natixis Gateway Quality Income ETF

Return for Risk

GQI vs. FIAT — Risk / Return Rank

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

GQI

GQI Risk / Return Rank: 69
GQI Sharpe Ratio Rank: 63
GQI Sortino Ratio Rank: 69
GQI Omega Ratio Rank: 69
GQI Calmar Ratio Rank: 64
GQI Martin Ratio Rank: 81

FIAT

FIAT Risk / Return Rank: 5
FIAT Sharpe Ratio Rank: 3
FIAT Sortino Ratio Rank: 5
FIAT Omega Ratio Rank: 4
FIAT Calmar Ratio Rank: 4
FIAT Martin Ratio Rank: 7

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.

GQI vs. FIAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Natixis Gateway Quality Income ETF (GQI) and YieldMax Short COIN Option Income Strategy ETF (FIAT). 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.

	GQI	FIAT	Difference
Sharpe ratio Return per unit of total volatility	1.16	-0.55	+1.71
Sortino ratio Return per unit of downside risk	1.82	-0.44	+2.26
Omega ratio Gain probability vs. loss probability	1.27	0.94	+0.33
Calmar ratio Return relative to maximum drawdown	1.80	-0.52	+2.32
Martin ratio Return relative to average drawdown	9.88	-0.69	+10.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GQI vs. FIAT - Sharpe Ratio Comparison

The current GQI Sharpe Ratio is 1.16, which is higher than the FIAT Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of GQI and FIAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GQI	FIAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	-0.55	+1.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	-0.40	+1.38

Correlation

The correlation between GQI and FIAT is -0.54. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GQI vs. FIAT - Dividend Comparison

GQI's dividend yield for the trailing twelve months is around 9.80%, less than FIAT's 136.83% yield.

	TTM	2025	2024	2023
GQI Natixis Gateway Quality Income ETF	9.80%	8.97%	7.77%	0.31%
FIAT YieldMax Short COIN Option Income Strategy ETF	136.83%	178.11%	70.99%	0.00%

Drawdowns

GQI vs. FIAT - Drawdown Comparison

The maximum GQI drawdown since its inception was -16.56%, smaller than the maximum FIAT drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for GQI and FIAT.

Drawdown Indicators

	GQI	FIAT	Difference
Max Drawdown Largest peak-to-trough decline	-16.56%	-70.50%	+53.94%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-63.14%	+52.75%
Current Drawdown Current decline from peak	-3.74%	-51.10%	+47.36%
Average Drawdown Average peak-to-trough decline	-1.76%	-44.36%	+42.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.89%	47.96%	-46.07%

Volatility

GQI vs. FIAT - Volatility Comparison

The current volatility for Natixis Gateway Quality Income ETF (GQI) is 4.51%, while YieldMax Short COIN Option Income Strategy ETF (FIAT) has a volatility of 20.25%. This indicates that GQI experiences smaller price fluctuations and is considered to be less risky than FIAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GQI	FIAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.51%	20.25%	-15.74%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	41.52%	-33.99%
Volatility (1Y) Calculated over the trailing 1-year period	15.55%	58.69%	-43.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.46%	61.35%	-47.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.46%	61.35%	-47.89%