FIAX vs PFO

Comparison between NICHOLAS FIXED INCOME ALTERNATIVE ETF (FIAX, ETF) and Flaherty & Crumrine Preferred and Income Opportunity Fund Inc (PFO, ETF).

FIAX vs PFO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FIAX(ETF)	PFO(ETF)
Net Assets	$133M	$133M
Expense Ratio	0.97%	N/A
Max Drawdown	13.81%	83.18%
Sharpe Ratio	0.25	0.57
5Y Beta	0.15	0.33
5Y Dividends CAGR	N/A	-4.19%

Net Assets

FIAX

$133M

Winner

PFO

$133M

Expense Ratio

FIAX

0.97%

PFO

N/A

Max Drawdown

Winner

FIAX

13.81%

PFO

83.18%

Sharpe Ratio

FIAX

0.25

Winner

PFO

0.57

5Y Beta

Winner

FIAX

0.15

PFO

0.33

5Y Dividends CAGR

FIAX

N/A

PFO

-4.19%

FIAX vs PFO - Historical Returns

Returns include dividend reinvestment.

Period	FIAX	PFO
1 month	+0.97%	+1.84%
3 months	+2.51%	+1.82%
6 months	+1.39%	+1.05%
1 year	+4.75%	+8.08%
5 years(CAGR)	N/A	-0.42%
10 years(CAGR)	N/A	+4.55%
Max(CAGR)	+3.26%	+7.21%

FIAX

+0.97%

Winner

PFO

+1.84%

Winner

FIAX

+2.51%

PFO

+1.82%

Winner

FIAX

+1.39%

PFO

+1.05%

FIAX

+4.75%

Winner

PFO

+8.08%

5Y(CAGR)

FIAX

N/A

PFO

-0.42%

10Y(CAGR)

FIAX

N/A

PFO

+4.55%

Max(CAGR)

FIAX

+3.26%

Winner

PFO

+7.21%

FIAX vs PFO - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	FIAX	PFO
2026	+1.35%	+0.15%
2025	+2.71%	+11.59%
2024	+4.87%	+21.08%
2023	+3.44%	-2.15%
2022	-0.30%	-26.67%
2021	N/A	+5.84%
2020	N/A	+13.55%
2019	N/A	+19.59%
2018	N/A	-3.86%
2017	N/A	+13.17%
2016	N/A	+12.87%
2015	N/A	-0.19%
2014	N/A	+22.10%
2013	N/A	-4.32%
2012	N/A	+11.19%
2011	N/A	+27.17%
2010	N/A	+23.40%
2009	N/A	+83.83%
2008	N/A	-47.04%
2007	N/A	-17.95%
2006	N/A	+15.92%
2005	N/A	-11.38%
2004	N/A	+2.06%
2003	N/A	+24.31%
2002	N/A	+10.31%
2001	N/A	+22.96%
2000	N/A	+1.79%
1999	N/A	-1.14%

FIAX vs PFO Drawdown Comparison

The maximum drawdown for FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 229 trading sessions.

The maximum drawdown for PFO was -77.42%, occurring on Oct 10, 2008. Recovery took 749 trading sessions.

The current FIAX drawdown is -0.13%. The current PFO drawdown is -4.51%.

Rank	FIAX	PFO
#1	-6.26% Dec 11, 2024 - Nov 11, 2025	-77.42% Mar 28, 2007 - Mar 18, 2010
#2	-2.97% Aug 31, 2023 - Dec 8, 2023	-48.97% Feb 21, 2020 - Oct 15, 2020
#3	-2.40% Feb 10, 2026 - Apr 15, 2026	-40.11% Jul 7, 2021 - Oct 19, 2023
#4	-1.98% Nov 7, 2024 - Nov 29, 2024	-20.60% Apr 23, 2013 - May 16, 2014
#5	-1.71% Feb 1, 2024 - May 15, 2024	-20.28% Apr 21, 2015 - Mar 28, 2016
#6	-1.52% Dec 1, 2022 - Feb 23, 2023	-20.05% Jul 21, 2011 - Dec 19, 2011
#7	-1.52% May 6, 2026 - May 19, 2026	-19.67% Nov 9, 2018 - May 8, 2019
#8	-1.21% Oct 14, 2024 - Nov 7, 2024	-18.41% Mar 26, 2004 - Sep 7, 2005
#9	-1.14% Jan 15, 2026 - Feb 9, 2026	-17.71% Sep 7, 2005 - Jan 9, 2007
#10	-1.12% Nov 11, 2025 - Nov 26, 2025	-16.67% Aug 10, 2016 - Apr 20, 2017
#11	-1.08% Aug 23, 2024 - Sep 13, 2024	-15.36% Sep 14, 2010 - Feb 28, 2011
#12	-0.93% Jul 31, 2024 - Aug 13, 2024	-15.12% Jan 5, 2000 - Dec 29, 2000
#13	-0.71% Sep 19, 2024 - Oct 14, 2024	-12.87% May 13, 2010 - Aug 6, 2010
#14	-0.69% Aug 14, 2023 - Aug 28, 2023	-12.70% Aug 23, 2002 - Dec 24, 2002
#15	-0.65% Apr 17, 2026 - May 6, 2026	-12.63% Jul 17, 2017 - Aug 21, 2018

Correlation

Correlation between FIAX and PFO is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2000 - 2026)

FIAX vs PFO dividend yield comparison.

Year	FIAX	PFO
2026	3.36%	2.98%
2025	8.17%	6.84%
2024	8.11%	6.75%
2023	4.81%	7.18%
2022	0.00%	8.73%
2021	0.00%	6.49%
2020	0.00%	6.10%
2019	0.00%	6.31%
2018	0.00%	7.55%
2017	0.00%	7.25%
2016	0.00%	8.03%
2015	0.00%	8.21%
2014	0.00%	7.58%
2013	0.00%	8.69%
2012	0.00%	9.09%
2011	0.00%	8.37%
2010	0.00%	8.67%
2009	0.00%	7.35%
2008	0.00%	16.63%
2007	0.00%	8.40%
2006	0.00%	6.40%
2005	0.00%	7.76%
2004	0.00%	7.04%
2003	0.00%	6.33%
2002	0.00%	7.85%
2001	0.00%	7.46%
2000	0.00%	3.28%