Nicholas Global Equity and Income ETF
$13.44+0.14 (+1.05%)
- 1.03%
- $98M
- +1.1%
- 29.60%
- 85.9K sh
- low $13.22high $18.77
The ETF.net GIAX Grade
D
Score 31 out of 100
- 20 of 25
Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F19 out of 100Rank 20 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F22 out of 100Rank 24 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 21 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 8 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 17 of 25
Our read on GIAX
In short
DMost income ETFs sell calls on the stocks they hold. GIAX runs a global equity core plus daily credit call spreads on US indices, where a further-out long call caps each short. Income first, paid monthly.
Stated mandate
The actively managed ETF primarily seeks current income and secondarily seeks capital appreciation. It combines global-equity exposure through passive ETFs or representative securities with daily index credit call spreads and Treasury or cash holdings.
Why people hold it
Worth knowing
GIAX Holdings
- Stocks
- 67
- 50%
- VOO
Sectors
- Technology37.0%
- Financials14.9%
- Consumer Discretionary14.7%
- Communication14.2%
- Industrials9.4%
- Health Care2.6%
- Materials2.1%
- Energy1.9%
- Consumer Staples1.3%
- Real Estate0.9%
- Utilities0.9%
Geography
- United States82.49%
- Taiwan3.11%
- Poland2.67%
- Japan1.72%
- South Korea1.54%
- Brazil1.38%
- United Kingdom0.79%
- Canada0.78%
- 5.51%
GIAX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
GIAX$10,107
Returns run to the Nov 6, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GIAX |
|---|---|
| Year to date | +0.7% |
| 1 month | −17.2% |
| 3 months | −9.0% |
| 1 year | +1.1% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GIAX |
|---|---|---|
| 2026 YTD | +0.7% | |
| 2025 | +11.7% | |
| 2024 | +3.8% |
GIAX in the news
GIAX Dividends
- 29.60%
- $3.98
- $0.07 per share
- Weekly
GIAX Risk
- 21.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.33
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −21.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.39
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
GIAX Cost
Overpaying vs LQDW, cheapest in Index Option Income
$12,241
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
GIAX 1.03%
$19,173
LQDW 0.34% Cheapest
$6,932
Cost over time
Year by year
| Year | GIAX | LQDW | Overpaying |
|---|---|---|---|
| 10 | $1,814 | $616 | $1,198 |
| 20 | $6,807 | $2,386 | $4,421 |
| 30 | $19,173 | $6,932 | $12,241 |
Other funds in Index Option Income
- CTMGNTappalpha Cboe Magnificent 10 Growth & Daily Income ETFExpense ratio 0.88%1 year return
- DKLIPKraneShares KWEB Covered Call Strategy ETFExpense ratio 0.94%1 year return −14.2%
- DSOXYYieldMax Target 12 Semiconductor Option Income ETFExpense ratio 1.06%1 year return +31.4%
- DYMAGYieldMax Magnificent 7 Fund of Option Income ETFExpense ratio 1.34%1 year return +2.5%
- DSEMYGraniteShares YieldBOOST Semiconductor ETFExpense ratio 1.14%1 year return
