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FIAX vs CRDT

Nicholas Fixed Income Alternative ETF vs Simplify Opportunistic Income ETF

FIAX

Nicholas Fixed Income Alternative ETF

Annual cost

0.97%

Fund size

$135M

CRDT

Simplify Opportunistic Income ETF

Annual cost

0.99%

Fund size

$38M

Key differences

  • FIAX is significantly larger than CRDT — larger funds tend to be more liquid and less likely to close.
  • FIAX is classified as alternative, while CRDT is fixed income — different risk/return profiles.
  • FIAX follows a option income strategy; CRDT uses active selection.

Side-by-side comparison

FIAXCRDT
Annual cost (TER)0.97%0.99%
Fund size (AUM)$135M$38M
Since20222023
Dividend yield8.18%6.51%
Asset classalternativefixed income
Regionnorth america
Strategyoption incomeactive selection
CAGR 1Y+5.6%+0.8%
CAGR 3Y+3.5%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.00N/A
Volatility 1Y4.27%8.52%
Max drawdown-6.26%-9.80%

Similar to FIAX and CRDT