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FIAX vs FLXI

Nicholas Fixed Income Alternative ETF vs Invesco Flexible Income ETF

FIAX

Nicholas Fixed Income Alternative ETF

Annual cost

0.97%

Fund size

$135M

FLXI

Invesco Flexible Income ETF

Annual cost

0.39%

Fund size

$15M

Key differences

  • FLXI costs 0.58% less per year.
  • FIAX is significantly larger than FLXI — larger funds tend to be more liquid and less likely to close.
  • FIAX is classified as alternative, while FLXI is fixed income — different risk/return profiles.
  • FIAX covers north america markets; FLXI covers global.
  • FIAX follows a option income strategy; FLXI uses active selection.

Side-by-side comparison

FIAXFLXI
Annual cost (TER)0.97%0.39%
Fund size (AUM)$135M$15M
Since20222026
Dividend yield8.18%
Asset classalternativefixed income
Regionnorth americaglobal
Strategyoption incomeactive selection
CAGR 1Y+5.6%N/A
CAGR 3Y+3.5%N/A
CAGR 5YN/AN/A
Sharpe 3Y0.00N/A
Volatility 1Y4.27%
Max drawdown-6.26%-3.51%

Similar to FIAX and FLXI