SSPY vs FIAX
Comparison between STRATIFIED LARGECAP INDEX ETF (SSPY, ETF) and NICHOLAS FIXED INCOME ALTERNATIVE ETF (FIAX, ETF).
SSPY vs FIAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SSPY
$129M
Winner
FIAX
$129M
Expense Ratio
Winner
SSPY
0.45%
FIAX
0.97%
Max Drawdown
SSPY
16.45%
Winner
FIAX
14.32%
Sharpe Ratio
Winner
SSPY
1.33
FIAX
-0.20
5Y Beta
SSPY
0.73
Winner
FIAX
0.15
P/E Ratio
SSPY
22.25
FIAX
N/A
Forward P/E
SSPY
17.25
FIAX
N/A
PEG Ratio
SSPY
0.26
FIAX
N/A
5Y EPS CAGR
SSPY
12.71%
FIAX
N/A
Debt to Equity
SSPY
288.63%
FIAX
N/A
P/S Ratio
SSPY
1.84
FIAX
N/A
P/B Ratio
SSPY
3.36
FIAX
N/A
SSPY vs FIAX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SSPY
+1.41%
FIAX
-0.79%
3M
Winner
SSPY
+4.23%
FIAX
-0.19%
6M
Winner
SSPY
+6.85%
FIAX
+0.96%
1Y
Winner
SSPY
+18.79%
FIAX
+2.93%
Max(CAGR)
Winner
SSPY
+13.91%
FIAX
+2.99%
SSPY vs FIAX - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | SSPY | FIAX |
|---|---|---|
| 2026 | +14.14% | +1.04% |
| 2025 | +13.00% | +2.71% |
| 2024 | -0.90% | +4.87% |
| 2023 | N/A | +3.44% |
| 2022 | N/A | -0.30% |
SSPY vs FIAX Drawdown Comparison
The maximum drawdown for SSPY was -16.16%, occurring on Apr 8, 2025. Recovery took 144 trading sessions.
The maximum drawdown for FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 229 trading sessions.
The current SSPY drawdown is -1.75%. The current FIAX drawdown is -0.95%.
| Rank | SSPY | FIAX |
|---|---|---|
| #1 | -16.16% Nov 29, 2024 - Jul 1, 2025 | -6.26% Dec 11, 2024 - Nov 11, 2025 |
| #2 | -7.32% Feb 27, 2026 - May 6, 2026 | -2.97% Aug 31, 2023 - Dec 8, 2023 |
| #3 | -4.80% Oct 27, 2025 - Nov 28, 2025 | -2.40% Feb 10, 2026 - Apr 15, 2026 |
| #4 | -3.06% Oct 3, 2025 - Oct 24, 2025 | -1.98% Nov 7, 2024 - Nov 29, 2024 |
| #5 | -2.96% Oct 16, 2024 - Nov 6, 2024 | -1.71% Feb 1, 2024 - May 15, 2024 |
| #6 | -2.84% Jul 23, 2025 - Aug 13, 2025 | -1.52% Dec 1, 2022 - Feb 23, 2023 |
| #7 | -1.94% Nov 11, 2024 - Nov 22, 2024 | -1.52% May 6, 2026 - Jun 16, 2026 |
| #8 | -1.90% Jul 7, 2026 - Jul 28, 2026 | -1.21% Oct 14, 2024 - Nov 7, 2024 |
| #9 | -1.84% Jul 10, 2025 - Jul 23, 2025 | -1.14% Jan 15, 2026 - Feb 9, 2026 |
| #10 | -1.84% Jun 15, 2026 - Jun 26, 2026 | -1.12% Nov 11, 2025 - Nov 26, 2025 |
| #11 | -1.75% Aug 26, 2026 - Sep 1, 2026 | -1.08% Aug 23, 2024 - Sep 13, 2024 |
| #12 | -1.64% Jun 4, 2026 - Jun 12, 2026 | -0.95% Jul 2, 2026 - Sep 1, 2026 |
| #13 | -1.58% Jan 15, 2026 - Jan 22, 2026 | -0.93% Jul 31, 2024 - Aug 13, 2024 |
| #14 | -1.44% Dec 11, 2025 - Jan 5, 2026 | -0.71% Sep 19, 2024 - Oct 14, 2024 |
| #15 | -1.30% May 6, 2026 - May 21, 2026 | -0.69% Aug 14, 2023 - Aug 28, 2023 |
Correlation
Correlation between SSPY and FIAX is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
Dividend Comparison (2023 - 2026)
SSPY vs FIAX dividend yield comparison.
| Year | SSPY | FIAX |
|---|---|---|
| 2026 | 0.00% | 5.49% |
| 2025 | 1.38% | 8.17% |
| 2024 | 0.35% | 8.11% |
| 2023 | 0.00% | 4.81% |
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