Performance analysis of FIAX (NICHOLAS FIXED INCOME ALTERNATIVE ETF)
Annual Return
Over the past 3 years, FIAX has had an average annual return of +3.47%, underperforming the benchmark SPY, which returned +22.45% annual.
Since Nov 30, 2022, FIAX has had an average annual return of +3.23%, underperforming the benchmark SPY, which returned +20.77% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +1.21% | +2.33% | +4.67% | +3.44% | -0.30% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.29% | -0.04% | -1.17% | +1.97% | +0.44% | -0.26% | +1.21% | ||||||
| 2025 | +1.40% | -0.88% | -1.54% | -1.81% | +0.87% | +1.84% | -0.06% | +1.14% | -0.27% | +0.71% | +0.74% | +0.23% | +2.33% |
| 2024 | +0.23% | -0.27% | +0.28% | -1.16% | +1.42% | +1.08% | +2.03% | +1.23% | -0.05% | -0.09% | +1.33% | -1.40% | +4.67% |
| 2023 | +0.14% | +0.19% | +0.73% | +0.19% | +0.12% | +0.33% | +0.53% | +0.90% | -2.01% | -0.74% | +2.53% | +0.55% | +3.44% |
| 2022 | +0% | -0.30% | -0.30% |
Drawdown analysis of FIAX (NICHOLAS FIXED INCOME ALTERNATIVE ETF)
The maximum drawdown for the FIAX was -6.26%, occurring on Apr 21, 2025. Recovery took 142 trading sessions.
The current FIAX drawdown is -0.33%.
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.26% | Dec 11, 2024 | 87 | Apr 21, 2025 | 142 | Nov 11, 2025 | 229 |
| -2.97% | Aug 31, 2023 | 40 | Oct 27, 2023 | 29 | Dec 8, 2023 | 69 |
| -2.40% | Feb 10, 2026 | 32 | Mar 27, 2026 | 12 | Apr 15, 2026 | 44 |
| -1.98% | Nov 7, 2024 | 6 | Nov 15, 2024 | 9 | Nov 29, 2024 | 15 |
| -1.70% | Feb 1, 2024 | 61 | Apr 30, 2024 | 11 | May 15, 2024 | 72 |
| -1.52% | May 6, 2026 | 9 | May 19, 2026 | Ongoing | Ongoing | Ongoing |
| -1.52% | Dec 1, 2022 | 3 | Dec 6, 2022 | 53 | Feb 23, 2023 | 56 |
| -1.22% | Oct 14, 2024 | 14 | Nov 1, 2024 | 4 | Nov 7, 2024 | 18 |
| -1.14% | Jan 15, 2026 | 2 | Jan 20, 2026 | 14 | Feb 9, 2026 | 16 |
| -1.13% | Nov 11, 2025 | 5 | Nov 18, 2025 | 6 | Nov 26, 2025 | 11 |
| -1.08% | Aug 23, 2024 | 9 | Sep 6, 2024 | 5 | Sep 13, 2024 | 14 |
| -0.93% | Jul 31, 2024 | 5 | Aug 7, 2024 | 4 | Aug 13, 2024 | 9 |
| -0.72% | Sep 19, 2024 | 7 | Sep 30, 2024 | 10 | Oct 14, 2024 | 17 |
| -0.69% | Aug 14, 2023 | 4 | Aug 18, 2023 | 6 | Aug 28, 2023 | 10 |
| -0.64% | Apr 17, 2026 | 8 | Apr 29, 2026 | 5 | May 6, 2026 | 13 |
| -0.61% | Dec 22, 2025 | 1 | Dec 23, 2025 | 3 | Dec 29, 2025 | 4 |
| -0.60% | May 11, 2023 | 7 | May 22, 2023 | 18 | Jun 16, 2023 | 25 |
| -0.57% | Jan 16, 2024 | 2 | Jan 18, 2024 | 10 | Feb 1, 2024 | 12 |
| -0.50% | Dec 20, 2023 | 10 | Jan 5, 2024 | 4 | Jan 11, 2024 | 14 |
| -0.46% | May 15, 2024 | 6 | May 23, 2024 | 8 | Jun 5, 2024 | 14 |
| -0.38% | Dec 4, 2024 | 4 | Dec 10, 2024 | 1 | Dec 11, 2024 | 5 |
| -0.35% | Dec 12, 2025 | 3 | Dec 17, 2025 | 1 | Dec 18, 2025 | 4 |
| -0.34% | Jun 6, 2024 | 1 | Jun 7, 2024 | 3 | Jun 12, 2024 | 4 |
| -0.33% | Aug 21, 2024 | 1 | Aug 22, 2024 | 1 | Aug 23, 2024 | 2 |
| -0.33% | Dec 3, 2025 | 3 | Dec 8, 2025 | 4 | Dec 12, 2025 | 7 |