GIAX vs IVV
Nicholas Global Equity and Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GIAX | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.03% | |
| AUM | $112M | $907.0B | |
| Dividend Yield | 26.86% | 1.10% | |
| Holdings | 87 | 508 | |
| YTD Return | +12.95% | +12.71% | |
| 1Y Return | +17.69% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 21.1% | 15.1% | |
| Max Drawdown | -20.4% | -56.5% | |
| Fund Family | XFunds | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 29, 2024 | May 15, 2000 |
GIAX vs IVV Performance
Nicholas Global Equity and Income ETF (GIAX) is a ETF from XFunds and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GIAX returned +17.69% while IVV returned +21.89%. Year to date, GIAX is up 12.95% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
GIAX has been the more volatile fund, with annualized monthly volatility of 21.1% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.4% for GIAX and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GIAX charges 1.03% per year while IVV charges 0.03%. On a $10,000 position that is $103 vs $3 annually, a gap of $100 per year that compounds over a long holding period. On income, GIAX currently yields 26.86% against 1.10% for IVV.
Holdings Overlap
GIAX and IVV share 13 holdings out of 518 unique holdings combined, representing a 27.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GIAX or IVV?
GIAX has an expense ratio of 1.03% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, GIAX or IVV?
Over the past year GIAX returned +17.69% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), GIAX annualized +14.36% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GIAX or IVV?
GIAX has been the more volatile fund at 21.1% annualized versus 15.1% for IVV. Worst drawdown: GIAX -20.4% vs IVV -56.5%.
Should I hold both GIAX and IVV?
GIAX and IVV have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GIAX and IVV?
GIAX and IVV share 13 common holdings with a 27.8% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, GIAX or IVV?
GIAX yields 26.86% while IVV yields 1.10%, so GIAX currently pays the higher dividend yield.
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