FIAX vs TBF
Comparison between NICHOLAS FIXED INCOME ALTERNATIVE ETF (FIAX, ETF) and PROSHARES SHORT 20+ YEAR TREASURY (TBF, ETF).
FIAX vs TBF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FIAX
$133M
TBF
$133M
Expense Ratio
FIAX
0.97%
Winner
TBF
0.95%
Max Drawdown
Winner
FIAX
13.81%
TBF
71.19%
Sharpe Ratio
Winner
FIAX
0.25
TBF
-0.20
5Y Beta
FIAX
0.15
Winner
TBF
-0.04
5Y Dividends CAGR
FIAX
N/A
TBF
91.76%
FIAX vs TBF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FIAX
+0.38%
TBF
-0.85%
3M
Winner
FIAX
+2.43%
TBF
+1.63%
6M
FIAX
+1.33%
Winner
TBF
+2.09%
1Y
Winner
FIAX
+4.52%
TBF
+2.86%
5Y(CAGR)
FIAX
N/A
TBF
+10.31%
10Y(CAGR)
FIAX
N/A
TBF
+2.91%
Max(CAGR)
Winner
FIAX
+3.26%
TBF
-3.13%
FIAX vs TBF - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | FIAX | TBF |
|---|---|---|
| 2026 | +1.33% | +1.88% |
| 2025 | +2.71% | +1.51% |
| 2024 | +4.87% | +15.60% |
| 2023 | +3.44% | +4.35% |
| 2022 | -0.30% | +38.48% |
| 2021 | N/A | +1.46% |
| 2020 | N/A | -18.48% |
| 2019 | N/A | -10.57% |
| 2018 | N/A | +2.13% |
| 2017 | N/A | -8.15% |
| 2016 | N/A | -2.77% |
| 2015 | N/A | -0.72% |
| 2014 | N/A | -23.32% |
| 2013 | N/A | +10.55% |
| 2012 | N/A | -7.14% |
| 2011 | N/A | -29.64% |
| 2010 | N/A | -12.48% |
| 2009 | N/A | +2.77% |
FIAX vs TBF Drawdown Comparison
The maximum drawdown for FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 229 trading sessions.
The maximum drawdown for TBF was -70.40%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The current FIAX drawdown is -0.15%. The current TBF drawdown is -43.61%.
| Rank | FIAX | TBF |
|---|---|---|
| #1 | -6.26% Dec 11, 2024 - Nov 11, 2025 | -70.40% Jan 11, 2010 - Aug 4, 2020 |
| #2 | -2.97% Aug 31, 2023 - Dec 8, 2023 | -6.94% Aug 21, 2009 - Dec 22, 2009 |
| #3 | -2.40% Feb 10, 2026 - Apr 15, 2026 | -1.59% Dec 28, 2009 - Jan 11, 2010 |
| #4 | -1.98% Nov 7, 2024 - Nov 29, 2024 | N/A |
| #5 | -1.71% Feb 1, 2024 - May 15, 2024 | N/A |
| #6 | -1.52% Dec 1, 2022 - Feb 23, 2023 | N/A |
| #7 | -1.52% May 6, 2026 - May 19, 2026 | N/A |
| #8 | -1.21% Oct 14, 2024 - Nov 7, 2024 | N/A |
| #9 | -1.14% Jan 15, 2026 - Feb 9, 2026 | N/A |
| #10 | -1.12% Nov 11, 2025 - Nov 26, 2025 | N/A |
| #11 | -1.08% Aug 23, 2024 - Sep 13, 2024 | N/A |
| #12 | -0.93% Jul 31, 2024 - Aug 13, 2024 | N/A |
| #13 | -0.71% Sep 19, 2024 - Oct 14, 2024 | N/A |
| #14 | -0.69% Aug 14, 2023 - Aug 28, 2023 | N/A |
| #15 | -0.65% Apr 17, 2026 - May 6, 2026 | N/A |
Correlation
Correlation between FIAX and TBF is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
Dividend Comparison (2018 - 2026)
FIAX vs TBF dividend yield comparison.
| Year | FIAX | TBF |
|---|---|---|
| 2026 | 3.36% | 0.38% |
| 2025 | 8.17% | 3.39% |
| 2024 | 8.11% | 4.06% |
| 2023 | 4.81% | 4.99% |
| 2022 | 0.00% | 0.36% |
| 2020 | 0.00% | 0.22% |
| 2019 | 0.00% | 1.68% |
| 2018 | 0.00% | 0.88% |
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