Data as of Nov 4, 2026.
GIAX vs NIHI: Dividend Yield & Total Return
Over the year to Nov 4, 2026, GIAX paid 22.8% of its price in cash against NIHI’s 10.8%, though NIHI returned more with it reinvested.
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Net assets: $102m on Jul 31, 2026 for Nicholas Global Equity and Income ETF, and $215m on Oct 28, 2026 for NEOS MSCI EAFE High Income ETF.
7.9 pts behind SPY
GIAX over 1 year: paid 22.8%, price −16.1%, total +6.9%, SPY +14.8%, −7.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
GIAX
+6.9%
22.8% of it arrived as cash
7.9 pts behind SPY
Total return, distributions reinvested
7.9 pts behind SPY
GIAX over 1 year: paid 22.8%, price −16.1%, total +6.9%, SPY +14.8%, −7.9 pts. Data to Nov 4, 2026.
SPY
+14.8%
GIAX
+6.9%
7.9 pts behind SPY
22.8% of it arrived as cash. Total return, distributions reinvested. GIAX over 1 year: paid 22.8%, price −16.1%, total +6.9%, SPY +14.8%, −7.9 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.2.3 pts behind IEFA
NIHI over 1 year: paid 10.8%, price +3.4%, total +14.7%, IEFA +17.0%, −2.3 pts. Data to Nov 4, 2026.
IEFA
+17.0%
NIHI
+14.7%
10.8% of it arrived as cash
2.3 pts behind IEFA
Total return, distributions reinvested
2.3 pts behind IEFA
NIHI over 1 year: paid 10.8%, price +3.4%, total +14.7%, IEFA +17.0%, −2.3 pts. Data to Nov 4, 2026.
IEFA
+17.0%
NIHI
+14.7%
10.8% cash
2.3 pts behind IEFA
10.8% of it arrived as cash. Both charts share one scale, with zero at the line. NIHI over 1 year: paid 10.8%, price +3.4%, total +14.7%, IEFA +17.0%, −2.3 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
NIHI costs 0.35 points a year less; their one-year returns differ by 7.8 points.
Points (pts) are percentage points.
| Measure | GIAX | NIHI |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +6.9% | +14.7% |
| Price change, 1 year | fell 16.1% | rose 3.4% |
| Return of capital, issuer estimate | 0% of the Oct 5, 2026 payment | 100% of the Oct 23, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | iShares Core MSCI EAFE ETF, measured through IEFA |
| Cost and size | ||
| Expense ratio | 1.03% | 0.68% |
| Net assets, GIAX as of Jul 31, 2026 and NIHI as of Oct 28, 2026 | $102m | $215m |
| Holdings | ||
| Holdings in common | 0% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Risk and return
Sep 26, 2025 to Oct 30, 2026 · 57 weekly returnsEach against its own benchmark: GIAX against SPY, Aug 9, 2024 to Oct 30, 2026; NIHI against IEFA, Sep 26, 2025 to Oct 30, 2026.
From Sep 2025 to Oct 2026, NIHI returned more: +14.0% to +7.3%. NIHI swung less: 13.1% to 23.8%. NIHI fell less at its worst: −10.7% to −15.0%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | GIAX | NIHI | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +7.3% | +14.0% | NIHI | Price change plus distributions, reinvested. |
| Annualized | +6.6% | +12.7% | NIHI | Total return as a yearly rate. |
| Price return | −17.5% | +1.9% | NIHI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 23.8% | 13.1% | NIHI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.7% | 9.6% | NIHI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.0% | −10.7% | NIHI | Deepest fall from a high to the low after it. |
| Upside capture | 115.7% | 78.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 120.1% | 86.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 1.15 | 0.83 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.71 | 0.81 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.23 | 0.69 | NIHI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.34 | 0.94 | NIHI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.076 | 0.109 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.44 | 1.19 | NIHI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | SPY | IEFA | The ETF each fund is measured against. | |
| Alpha | −7.2% a year | +0.6% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | −0.97 | 0.10 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −21.8% to +7.5% | −10.6% to +11.8% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | −0.46 | −0.18 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 11.2% | 6.2% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 57 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GIAX and NIHI hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 3, 2026.
half
0% in common
Only in one fund ↓
Side by side
As of Nov 4, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | GIAX | NIHI | GIAX | NIHI | GIAX | NIHI |
| 3 months | −4.5% | −0.6% | 6.0% | 2.4% | −4.3 pts | +1.0 pts |
| 6 months | −5.1% | +4.0% | 11.5% | 4.9% | −10.1 pts | +1.8 pts |
| 1 year | +6.9% | +14.7% | 22.8% | 10.8% | −7.9 pts | −2.2 pts |
| Since launchNot the same days: GIAX Jul 2024 · NIHI Sep 2025 | +24.4% | +15.7% | 47.5% | 12.3% | −20.8 pts | −1.5 pts |
Client brief:
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GIAX
Over the year to Nov 4, 2026, GIAX paid 22.8% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned +6.9%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 7.9 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 25.1%, paid weekly. Nicholas estimates that 0% of the distribution paid Oct 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
NIHI
Over the year to Nov 4, 2026, NIHI paid 10.8% of its starting value in cash distributions while its price rose 3.4%. With every distribution reinvested, the fund returned +14.7%. iShares Core MSCI EAFE ETF (IEFA) returned +17.0% over the same days, so a holder was behind by 2.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 10.1%, paid monthly. NEOS estimates that 100% of the distribution paid Oct 23, 2026 was a return of capital (its 19a-1 notice).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, GIAX against NIHI, data as of Nov 4, 2026. https://etfiq.com/compare/income/giax-vs-nihi
ETFIQ. (Nov 4, 2026). GIAX against NIHI. Retrieved from https://etfiq.com/compare/income/giax-vs-nihi
[GIAX against NIHI (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/giax-vs-nihi)
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