GIAX vs VOO
Nicholas Global Equity and Income ETF vs Vanguard S&P 500 ETF
Which is better, GIAX or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 58.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GIAX | VOO |
|---|---|---|
| Expense Ratio | 1.03% | 0.03%Best |
| AUM | $108M | $997.4B |
| Dividend Yield | 24.80% | 1.04% |
| Holdings | 87 | 509 |
| YTD Return | +12.99%Best | +12.50% |
| 1Y Return | +14.68% | +17.58%Best |
| 3Y Return (annualized) | - | +21.27% |
| 5Y Return (annualized) | - | +12.95% |
| Volatility (annualized) | 20.9% | 12.2%Best |
| Max Drawdown | -20.4% | -18.7%Best |
| $10,000 over 2.1 years | $13,158 | $14,415Best |
| Top 10 Weight | 58.4% | 36.4%Best |
| Fund Family | XFunds | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jul 29, 2024 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 2.1 years row, are measured over the window both funds cover: Jul 30, 2024 to Sep 11, 2026 (2.1 years).
GIAX vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.1 years both funds cover.
GIAX vs VOO Performance
Nicholas Global Equity and Income ETF (GIAX) is an ETF from XFunds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year GIAX returned +14.68% while VOO returned +17.58%. Year to date, GIAX is up 12.99% versus a gain of 12.50% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GIAX has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 12.2% for VOO. 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 VOO 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 24.80% against 1.04% for VOO.
Holdings Overlap
55.9% of GIAX's money is in holdings VOO also owns. 34.6% of VOO's money is in holdings GIAX also owns.
The two portfolios partly overlap.
The two holdings books were reported 50 days apart, GIAX as of Aug 19, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
14 positions in common, counted across the 26 positions we hold weights for in GIAX and 505 in VOO, against full books of 87 and 509.
What only one of them owns
Our book lists 482 positions for VOO that do not appear in our book for GIAX (64.8% of the fund), and 10 for GIAX that do not appear in VOO (37.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GIAX | Weight in VOO | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 4.11% | 7.51% | 3.40% |
| AAPLApple, Inc | 3.80% | 6.59% | 2.79% |
| MSFTMicrosoft Corp 4.100 Feb 06 37 | 4.45% | 4.30% | 0.15% |
| MUMicron Technology, Inc. | 6.38% | 2.02% | 4.36% |
| AMZNAmazon.Com Inc | 3.85% | 3.62% | 0.23% |
| VEAVanguard Ftse Developed Markets ETF | 7.23% | 0.01% | 7.22% |
| GOOGLAlphabet A Usd 0.001 | 3.81% | 3.25% | 0.56% |
| AVGOBroadcom Inc | 3.41% | 2.77% | 0.64% |
| METAMeta Platforms, Inc. | 3.00% | 1.92% | 1.08% |
| NOWServicenow, Inc. | 4.50% | 0.16% | 4.34% |
55.9% of GIAX is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GIAX or VOO?
GIAX has an expense ratio of 1.03% while VOO charges 0.03%. VOO is the cheaper option, by $100 a year on a $10,000 investment.
Which performed better, GIAX or VOO?
Over the past year GIAX returned +14.68% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (2 years), GIAX annualized +13.96% vs +19.02% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GIAX or VOO?
GIAX has been the more volatile fund at 20.9% annualized versus 12.2% for VOO. Worst drawdown: GIAX -20.4% vs VOO -18.7%.
Should I hold both GIAX and VOO?
GIAX and VOO have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between GIAX and VOO?
55.9% of GIAX's money is in holdings VOO also owns. 34.6% of VOO's is in holdings GIAX also owns. They hold 14 positions in common, counted across the 26 positions we hold weights for in GIAX and 505 in VOO.
Which pays a higher dividend, GIAX or VOO?
GIAX yields 24.80% while VOO yields 1.04%, so GIAX currently pays the higher dividend yield.
Is VOO better than GIAX?
VOO has a lower expense ratio. VOO led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 58.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.