FIAX vs NFTY
Comparison between NICHOLAS FIXED INCOME ALTERNATIVE ETF (FIAX, ETF) and FIRST TRUST INDIA NIFTY 50 EQUAL WEIGHT ETF (NFTY, ETF).
FIAX vs NFTY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FIAX
$132M
NFTY
$132M
Expense Ratio
FIAX
0.97%
Winner
NFTY
0.80%
Max Drawdown
Winner
FIAX
13.81%
NFTY
50.59%
Sharpe Ratio
Winner
FIAX
0.03
NFTY
-0.83
5Y Beta
Winner
FIAX
0.15
NFTY
0.46
5Y Dividends CAGR
FIAX
N/A
NFTY
22.71%
FIAX vs NFTY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FIAX
+0.05%
NFTY
-2.33%
3M
Winner
FIAX
+0.53%
NFTY
-2.70%
6M
Winner
FIAX
+1.55%
NFTY
-5.13%
1Y
Winner
FIAX
+3.83%
NFTY
-9.39%
5Y(CAGR)
FIAX
N/A
NFTY
+5.18%
10Y(CAGR)
FIAX
N/A
NFTY
+7.11%
Max(CAGR)
FIAX
+3.17%
Winner
NFTY
+5.67%
FIAX vs NFTY - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | FIAX | NFTY |
|---|---|---|
| 2026 | +1.36% | -10.00% |
| 2025 | +2.71% | +3.36% |
| 2024 | +4.87% | +4.68% |
| 2023 | +3.44% | +23.54% |
| 2022 | -0.30% | -5.37% |
| 2021 | N/A | +24.73% |
| 2020 | N/A | +8.43% |
| 2019 | N/A | +1.27% |
| 2018 | N/A | -1.51% |
| 2017 | N/A | +21.71% |
| 2016 | N/A | +13.47% |
| 2015 | N/A | -17.96% |
| 2014 | N/A | +14.73% |
| 2013 | N/A | +7.78% |
| 2012 | N/A | -4.33% |
FIAX vs NFTY Drawdown Comparison
The maximum drawdown for FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 229 trading sessions.
The maximum drawdown for NFTY was -47.66%, occurring on Mar 23, 2020. Recovery took 685 trading sessions.
The current FIAX drawdown is -0.63%. The current NFTY drawdown is -17.22%.
| Rank | FIAX | NFTY |
|---|---|---|
| #1 | -6.26% Dec 11, 2024 - Nov 11, 2025 | -47.66% Apr 16, 2018 - Jan 4, 2021 |
| #2 | -2.97% Aug 31, 2023 - Dec 8, 2023 | -37.70% Apr 27, 2015 - Jan 17, 2018 |
| #3 | -2.40% Feb 10, 2026 - Apr 15, 2026 | -21.54% Sep 27, 2024 - Mar 30, 2026 |
| #4 | -1.98% Nov 7, 2024 - Nov 29, 2024 | -19.09% Oct 14, 2021 - Jul 5, 2023 |
| #5 | -1.71% Feb 1, 2024 - May 15, 2024 | -14.83% Jul 23, 2014 - Apr 6, 2015 |
| #6 | -1.52% Dec 1, 2022 - Feb 23, 2023 | -14.52% Feb 28, 2012 - May 2, 2013 |
| #7 | -1.52% May 6, 2026 - Jun 16, 2026 | -9.44% May 8, 2013 - Sep 19, 2013 |
| #8 | -1.21% Oct 14, 2024 - Nov 7, 2024 | -8.34% Jan 26, 2018 - Mar 21, 2018 |
| #9 | -1.14% Jan 15, 2026 - Feb 9, 2026 | -8.28% Mar 11, 2021 - May 7, 2021 |
| #10 | -1.12% Nov 11, 2025 - Nov 26, 2025 | -7.81% Sep 20, 2013 - Apr 8, 2014 |
| #11 | -1.08% Aug 23, 2024 - Sep 13, 2024 | -6.75% Jan 13, 2021 - Feb 2, 2021 |
| #12 | -0.93% Jul 31, 2024 - Aug 13, 2024 | -5.68% Sep 11, 2023 - Nov 17, 2023 |
| #13 | -0.71% Sep 19, 2024 - Oct 14, 2024 | -5.41% Jun 3, 2024 - Jun 12, 2024 |
| #14 | -0.69% Aug 14, 2023 - Aug 28, 2023 | -4.56% Mar 8, 2024 - May 23, 2024 |
| #15 | -0.65% Apr 17, 2026 - May 6, 2026 | -4.48% Jul 31, 2024 - Aug 30, 2024 |
Correlation
Correlation between FIAX and NFTY is 0.71 which considered as a strong positive correlation - the stocks tend to move together.
0.71
-101
Dividend Comparison (2013 - 2026)
FIAX vs NFTY dividend yield comparison.
| Year | FIAX | NFTY |
|---|---|---|
| 2026 | 4.76% | 0.58% |
| 2025 | 8.17% | 1.24% |
| 2024 | 8.11% | 1.61% |
| 2023 | 4.81% | 0.13% |
| 2022 | 0.00% | 5.89% |
| 2021 | 0.00% | 1.53% |
| 2020 | 0.00% | 0.61% |
| 2019 | 0.00% | 0.97% |
| 2017 | 0.00% | 4.10% |
| 2016 | 0.00% | 3.28% |
| 2015 | 0.00% | 4.39% |
| 2014 | 0.00% | 0.52% |
| 2013 | 0.00% | 1.72% |
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