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FIAX vs ILTB

Nicholas Fixed Income Alternative ETF vs iShares Core 10+ Year USD Bond ETF

FIAX

Nicholas Fixed Income Alternative ETF

Annual cost

0.97%

Fund size

$135M

ILTB

iShares Core 10+ Year USD Bond ETF

Annual cost

0.06%

Fund size

$588M

Key differences

  • ILTB costs 0.91% less per year.
  • ILTB is significantly larger than FIAX — larger funds tend to be more liquid and less likely to close.
  • FIAX is classified as alternative, while ILTB is fixed income — different risk/return profiles.
  • FIAX follows a option income strategy; ILTB uses index tracking.
  • ILTB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FIAXILTB
Annual cost (TER)0.97%0.06%
Fund size (AUM)$135M$588M
Since20222009
Dividend yield8.18%4.94%
Asset classalternativefixed income
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+5.6%+8.4%
CAGR 3Y+3.5%+3.2%
CAGR 5YN/A-2.5%
Sharpe 3Y0.000.02
Volatility 1Y4.27%8.08%
Max drawdown-6.26%-36.89%

Similar to FIAX and ILTB