FIAX vs QMMY
Comparison between NICHOLAS FIXED INCOME ALTERNATIVE ETF (FIAX, ETF) and FT VEST NASDAQ-100 MODERATE BUFFER ETF - MAY (QMMY, ETF).
FIAX vs QMMY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FIAX
$132M
Winner
QMMY
$132M
Expense Ratio
FIAX
0.97%
Winner
QMMY
0.90%
Max Drawdown
FIAX
13.81%
Winner
QMMY
12.82%
Sharpe Ratio
FIAX
0.03
Winner
QMMY
0.66
5Y Beta
Winner
FIAX
0.15
QMMY
0.62
FIAX vs QMMY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FIAX
+0.04%
QMMY
-1.31%
3M
Winner
FIAX
+0.33%
QMMY
-1.00%
6M
FIAX
+1.68%
Winner
QMMY
+1.95%
1Y
FIAX
+4.20%
Winner
QMMY
+7.84%
Max(CAGR)
FIAX
+3.20%
Winner
QMMY
+12.25%
FIAX vs QMMY - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | FIAX | QMMY |
|---|---|---|
| 2026 | +1.50% | +2.62% |
| 2025 | +2.71% | +15.82% |
| 2024 | +4.87% | +8.26% |
| 2023 | +3.44% | N/A |
| 2022 | -0.30% | N/A |
FIAX vs QMMY Drawdown Comparison
The maximum drawdown for FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 229 trading sessions.
The maximum drawdown for QMMY was -12.82%, occurring on Apr 8, 2025. Recovery took 58 trading sessions.
The current FIAX drawdown is -0.50%. The current QMMY drawdown is -3.42%.
| Rank | FIAX | QMMY |
|---|---|---|
| #1 | -6.26% Dec 11, 2024 - Nov 11, 2025 | -12.82% Feb 19, 2025 - May 13, 2025 |
| #2 | -2.97% Aug 31, 2023 - Dec 8, 2023 | -6.23% Jul 10, 2024 - Sep 24, 2024 |
| #3 | -2.40% Feb 10, 2026 - Apr 15, 2026 | -3.82% Jan 28, 2026 - Apr 8, 2026 |
| #4 | -1.98% Nov 7, 2024 - Nov 29, 2024 | -3.42% Jun 2, 2026 - Jul 24, 2026 |
| #5 | -1.71% Feb 1, 2024 - May 15, 2024 | -2.24% Oct 29, 2025 - Nov 28, 2025 |
| #6 | -1.52% Dec 1, 2022 - Feb 23, 2023 | -1.77% Dec 16, 2024 - Jan 21, 2025 |
| #7 | -1.52% May 6, 2026 - Jun 16, 2026 | -1.43% Oct 29, 2024 - Nov 6, 2024 |
| #8 | -1.21% Oct 14, 2024 - Nov 7, 2024 | -1.35% Oct 8, 2025 - Oct 20, 2025 |
| #9 | -1.14% Jan 15, 2026 - Feb 9, 2026 | -1.29% Nov 13, 2024 - Nov 29, 2024 |
| #10 | -1.12% Nov 11, 2025 - Nov 26, 2025 | -1.22% Jan 22, 2025 - Feb 6, 2025 |
| #11 | -1.08% Aug 23, 2024 - Sep 13, 2024 | -1.18% May 16, 2025 - Jun 2, 2025 |
| #12 | -0.93% Jul 31, 2024 - Aug 13, 2024 | -1.17% Jun 18, 2024 - Jul 1, 2024 |
| #13 | -0.71% Sep 19, 2024 - Oct 14, 2024 | -1.08% Aug 14, 2025 - Sep 4, 2025 |
| #14 | -0.69% Aug 14, 2023 - Aug 28, 2023 | -1.01% Jul 28, 2025 - Aug 6, 2025 |
| #15 | -0.65% Apr 17, 2026 - May 6, 2026 | -0.94% Dec 11, 2025 - Dec 22, 2025 |
Correlation
Correlation between FIAX and QMMY is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
0.83
-101
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