TBF vs FIAX
Comparison between PROSHARES SHORT 20+ YEAR TREASURY (TBF, ETF) and NICHOLAS FIXED INCOME ALTERNATIVE ETF (FIAX, ETF).
TBF vs FIAX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
TBF
$133M
Winner
FIAX
$133M
Expense Ratio
Winner
TBF
0.95%
FIAX
0.97%
Max Drawdown
TBF
71.19%
Winner
FIAX
13.81%
Sharpe Ratio
TBF
-0.20
Winner
FIAX
0.25
5Y Beta
Winner
TBF
-0.04
FIAX
0.15
5Y Dividends CAGR
TBF
91.76%
FIAX
N/A
TBF vs FIAX - Historical Returns
Returns include dividend reinvestment.
1M
TBF
-2.43%
Winner
FIAX
+0.97%
3M
TBF
+1.67%
Winner
FIAX
+2.51%
6M
Winner
TBF
+2.05%
FIAX
+1.39%
1Y
TBF
+0.52%
Winner
FIAX
+4.75%
5Y(CAGR)
TBF
+10.12%
FIAX
N/A
10Y(CAGR)
TBF
+2.94%
FIAX
N/A
Max(CAGR)
TBF
-3.13%
Winner
FIAX
+3.26%
TBF vs FIAX - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | TBF | FIAX |
|---|---|---|
| 2026 | +1.84% | +1.35% |
| 2025 | +1.51% | +2.71% |
| 2024 | +15.60% | +4.87% |
| 2023 | +4.35% | +3.44% |
| 2022 | +38.48% | -0.30% |
| 2021 | +1.46% | N/A |
| 2020 | -18.48% | N/A |
| 2019 | -10.57% | N/A |
| 2018 | +2.13% | N/A |
| 2017 | -8.15% | N/A |
| 2016 | -2.77% | N/A |
| 2015 | -0.72% | N/A |
| 2014 | -23.32% | N/A |
| 2013 | +10.55% | N/A |
| 2012 | -7.14% | N/A |
| 2011 | -29.64% | N/A |
| 2010 | -12.48% | N/A |
| 2009 | +2.77% | N/A |
TBF vs FIAX Drawdown Comparison
The maximum drawdown for TBF was -70.40%, occurring on Aug 4, 2020. This drawdown has not yet recovered.
The maximum drawdown for FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 229 trading sessions.
The current TBF drawdown is -43.64%. The current FIAX drawdown is -0.13%.
| Rank | TBF | FIAX |
|---|---|---|
| #1 | -70.40% Jan 11, 2010 - Aug 4, 2020 | -6.26% Dec 11, 2024 - Nov 11, 2025 |
| #2 | -6.94% Aug 21, 2009 - Dec 22, 2009 | -2.97% Aug 31, 2023 - Dec 8, 2023 |
| #3 | -1.59% Dec 28, 2009 - Jan 11, 2010 | -2.40% Feb 10, 2026 - Apr 15, 2026 |
| #4 | N/A | -1.98% Nov 7, 2024 - Nov 29, 2024 |
| #5 | N/A | -1.71% Feb 1, 2024 - May 15, 2024 |
| #6 | N/A | -1.52% Dec 1, 2022 - Feb 23, 2023 |
| #7 | N/A | -1.52% May 6, 2026 - May 19, 2026 |
| #8 | N/A | -1.21% Oct 14, 2024 - Nov 7, 2024 |
| #9 | N/A | -1.14% Jan 15, 2026 - Feb 9, 2026 |
| #10 | N/A | -1.12% Nov 11, 2025 - Nov 26, 2025 |
| #11 | N/A | -1.08% Aug 23, 2024 - Sep 13, 2024 |
| #12 | N/A | -0.93% Jul 31, 2024 - Aug 13, 2024 |
| #13 | N/A | -0.71% Sep 19, 2024 - Oct 14, 2024 |
| #14 | N/A | -0.69% Aug 14, 2023 - Aug 28, 2023 |
| #15 | N/A | -0.65% Apr 17, 2026 - May 6, 2026 |
Correlation
Correlation between TBF and FIAX is 0.74 which considered as a strong positive correlation - the stocks tend to move together.
0.74
-101
Dividend Comparison (2018 - 2026)
TBF vs FIAX dividend yield comparison.
| Year | TBF | FIAX |
|---|---|---|
| 2026 | 0.38% | 3.36% |
| 2025 | 3.39% | 8.17% |
| 2024 | 4.06% | 8.11% |
| 2023 | 4.99% | 4.81% |
| 2022 | 0.36% | 0.00% |
| 2020 | 0.22% | 0.00% |
| 2019 | 1.68% | 0.00% |
| 2018 | 0.88% | 0.00% |
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