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FIAX vs HYDB
Nicholas Fixed Income Alternative ETF vs iShares High Yield Systematic Bond ETF
Key differences
- HYDB costs 0.62% less per year.
- HYDB is significantly larger than FIAX — larger funds tend to be more liquid and less likely to close.
- FIAX is classified as alternative, while HYDB is fixed income — different risk/return profiles.
- FIAX follows a option income strategy; HYDB uses index tracking.
- Over the last 3 years, HYDB has delivered higher annualized returns.
- HYDB has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| FIAX | HYDB | |
|---|---|---|
| Annual cost (TER) | 0.97% | 0.35% |
| Fund size (AUM) | $135M | $1.5B |
| Since | 2022 | 2017 |
| Dividend yield | 8.18% | 7.11% |
| Asset class | alternative | fixed income |
| Region | north america | north america |
| Strategy | option income | index tracking |
| CAGR 1Y | +5.6% | +8.0% |
| CAGR 3Y | +3.5% | +9.5% |
| CAGR 5Y | N/A | +4.9% |
| Sharpe 3Y | 0.00 | 1.06 |
| Volatility 1Y | 4.27% | 3.82% |
| Max drawdown | -6.26% | -21.58% |
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