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FIAX
-0.12 · -0.64%
$17.96 · NYSE ARCA

Nicholas Fixed Income Alternative ETF (FIAX) ETF Analysis | Nontraditional Bond

Nicholas Wealth Management · USA
AUM:$141.9M
#– of – in Nontraditional Bond ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

FIAX returned +1.5% over the past year, broadly in line with flat market conditions.

Cost Efficiency

Ongoing charge of 1.04% — above average for this category.

What is FIAX?

Under normal circumstances, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in U. The fund typically writes index put options and call options with weekly, monthly, and quarterly expirations.

Performance Highlights

Returns (%)
Cost & Yield (%)

Investment Breakdown

Modest 1-Year Return
FIAX returned 1.5% over the past year.
Higher Cost Profile
Expense ratio of 1.04% is above average. Verify whether the strategy justifies the cost.
Broadly Diversified
Top 10 holdings represent just 0.8% of the ETF — exposure spread across many positions.
ETF Information
AUM$141.9M
Expense Ratio1.04%
Dividend Yield8.15%
Holdings1
Inception DateNov 2022
Domicile–
Distribution–
Index–
ProviderNicholas Wealth Management
Beta0.38
CategoryNontraditional Bond
CurrencyUSD
Portfolio Impact

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Example preview
6168
+7 points · better diversified

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-2.2%
1Y
-0.3%
3Y
+5.4%
5Y
+8.3%
OpenBook InsightIf you had invested £10,000 in FIAX 5 years ago, it would have grown to £10,826 — a gain of £826.

Annual Returns

Calendar year performance

FIAX delivered positive returns in 3 of the last 5 calendar years.
YearFIAX
2026 YTD-2.1%
2025+2.7%
2024+4.9%
2023+3.4%
2022-0.3%
CAGR 4yr+2.7%
3/5 positive yearsAvg return: +1.7%Worst year: -2.1% (2026)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
3.3%
Low
Momentum
-1.1%
30-day change
Support Level
17.26
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Price is consolidating, with low momentum over the recent period.
  • Low volatility environment with a narrower recent trading range.
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