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FIAX vs SYSB

Nicholas Fixed Income Alternative ETF vs iShares Systematic Bond ETF

FIAX

Nicholas Fixed Income Alternative ETF

Annual cost

0.97%

Fund size

$135M

SYSB

iShares Systematic Bond ETF

Annual cost

0.25%

Fund size

$1.0B

Key differences

  • SYSB costs 0.72% less per year.
  • SYSB is significantly larger than FIAX — larger funds tend to be more liquid and less likely to close.
  • FIAX is classified as alternative, while SYSB is fixed income — different risk/return profiles.
  • FIAX follows a option income strategy; SYSB uses index tracking.
  • Over the last 3 years, SYSB has delivered higher annualized returns.
  • SYSB has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

FIAXSYSB
Annual cost (TER)0.97%0.25%
Fund size (AUM)$135M$1.0B
Since20222015
Dividend yield8.18%4.64%
Asset classalternativefixed income
Regionnorth americanorth america
Strategyoption incomeindex tracking
CAGR 1Y+5.6%+6.0%
CAGR 3Y+3.5%+6.8%
CAGR 5YN/A+1.7%
Sharpe 3Y0.000.72
Volatility 1Y4.27%3.79%
Max drawdown-6.26%-18.47%

Similar to FIAX and SYSB