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ETFs

Nicholas Fixed Income Alternative ETF

FIAX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 29 2022
Expense Ratio
0.95%
Type
US Diversified
Fund Owner
Xfunds
Volume (1m avg. daily)
$589,412
AUM
—
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
40.62%
n/a
UNITED STATES TREAS NTS 0.125% 04/30/2023
37.98%
n/a
UNITED STATES TREAS NTS 1% 12/15/2024
20.86%
n/a
Cash & Other
0.76%
n/a
CBOE S&P PUT OPT 03/23 3925
0.12%
n/a
SELECT S PUT OPT 04/23 29
0.07%
n/a
SELECT S PUT OPT 04/23 30.500
-0.14%
n/a
CBOE S&P PUT OPT 03/23 4025
-0.27%
Invest with FIAX

What is FIAX?

The Nicholas Fixed Income Alternative ETF FIAX Fund is an actively managed exchange traded fund ETF that seeks to provide income using US Treasury fixed income securities and a defined risk option premium. The Funds defined risk option premium strategy uses options on ETFs across multiple asset classes e.g. equities, commodities, fixed income. The Fund's option positions will be comprised of vertical credit spreads and vertical debit spreads that aim to capture a premium representing a combination of dividends and growth of the underlying assets.

ETFs related toFIAX

ETFs correlated to FIAX include DIAL, SWAN, SLVP

FIAX
TIDAL ETF TRUST II - Nicholas Fixed Income Alternative ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
SWAN
Amplify ETF Trust - Amplify BlackSwan Growth & Treasury Core ETF
SLVP
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Silver and Metals Miners ETF
BSJN
Invesco Capital Management LLC - Invesco BulletShares 2023 High Yield Corporate Bond ETF
SIL
Global X Funds - Global X Silver Miners ETF
BIB
ProShares Trust - ProShares Ultra Nasdaq Biotechnology 2X Shares
VWOB
Vanguard Group, Inc. - Vanguard Emerging Markets Government Bond ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
EMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan USD Emerging Markets Bond ETF
DFGR
Dimensional ETF Trust - Dimensional Global Real Estate ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FIAX is a US Diversified ETF. The Nicholas Fixed Income Alternative ETF FIAX Fund is an actively managed exchange traded fund ETF that seeks to provide income using US Treasury fixed income securities and a defined risk option premium. The Funds defined risk option premium strategy uses options on ETFs across multiple asset classes e.g. equities, commodities, fixed income. The Fund's option positions will be comprised of vertical credit spreads and vertical debit spreads that aim to capture a premium representing a combination of dividends and growth of the underlying assets.

FIAX tracks the SPDR S&P 500 ETF Trust.

No, FIAX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FIAX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FIAX is 0.0063%. This is the percent change in the value of FIAX over the most recent 1-month period. The 3-month return on FIAX is 0.0089%. This is the percent change in the value of FIAX over the most recent 3-month period.

ETFs similar to FIAX include FJAN, FFEB, and BUFR.

ETFs correlated to FIAX include DIAL, SWAN, and SLVP.

ETFs that are inversely correlated to FIAX include ZSL, JDST, and LABD.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.