Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

GIAX vs NIHI: which paid, and which earned it?

Over the year GIAX paid 23.4% of its price in cash against NIHI’s 11.4% and the two finished level on total return.

Nicholas Global Equity and Income ETF and NEOS MSCI EAFE High Income ETF.

23.4%GIAX cash paid, 1 year
11.4%NIHI cash paid, 1 year
+15.4%GIAX total return, 1 year
+14.9%NIHI total return, 1 year

ETFIQ Return Stability Score: NIHI scores higher

Was the payout funded by returns, or by your own capital?

GIAX 38.7NIHI 64.63.8, the lowest in this set96.8, the highest

A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed

GIAX2.1 pts behind ACWI · 1 year to Sep 18, 2026
ACWI+17.6%GIAX+15.4%23.4% of it arrived as cash2.1 pts behind ACWITotal return, distributions reinvestedACWI+17.6%GIAX+15.4%23.4% as cash2.1 pts behind ACWI
NIHI1.4 pts behind EFA · 1 year to Sep 18, 2026
EFA+16.3%NIHI+14.9%11.4% of it arrived as cash1.4 pts behind EFATotal return, distributions reinvestedEFA+16.3%NIHI+14.9%11.4% cash1.4 pts behind EFA

What they hold in common

By the books each fund has filed, GIAX and NIHI hold 0% of their money in the same securities at the same weight.

Only in each
Only in GIAXOnly in NIHI
Vanguard FTSE Developed Market 9.41%iShares Core MSCI EAFE ETF 100.13%
Freedom 100 Emerging Markets E 8.58%MXEA US 10/16/26 C3300 -0.03%
Vanguard Small-Cap ETF 7.23%MXEA US 10/16/26 C3270 -0.10%
Vanguard S&P 500 ETF 6.90%
Vanguard Mid-Cap Growth ETF 5.67%
Nebius Group NV 4.66%
Alphabet Inc 4.59%
Robinhood Markets Inc 4.29%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Sep 21, 2026.

Performance, window by window

GIAX and NIHI over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
GIAXNIHIGIAXNIHIGIAXNIHI
3 months−5.1%+1.9%5.8%2.5%−6.1 pts+1.4 pts
6 months+25.3%+14.7%13.4%5.4%+7.9 pts+0.8 pts
1 year+15.4%+14.9%23.4%11.4%−2.1 pts−1.4 pts
Since launch+34.6%+15.3%45.3%11.4%−11.8 pts−1.4 pts
Open the live comparison on ETFIQ
GIAX and NIHI on the same fields, as of Sep 18, 2026. Source: ETFIQ.
GIAX
Nicholas Global Equity and Income ETF
Option income on ACWI, paying weekly
NIHI
NEOS MSCI EAFE High Income ETF
Option income on EFA, paying monthly
IssuerNicholasNEOS
Strategyoption incomeoption income
BenchmarkAll-country world (ACWI)Developed Markets ex US (EFA)
Paysweeklymonthly
Payout rate, annualized23.2%9.7%
Expense ratio1.03%0.68%
Cash paid, 1 year23.4%11.4%
Price change, 1 year−10.5%+2.8%
Total return, 1 year+15.4%+14.9%
Benchmark return, 1 year+17.6%+16.3%
Ahead or behind−2.1 pts−1.4 pts
Return of capital, latest estimatenot published0%
Age780 days366 days
Net assets$86m$204m

GIAX in plain words

Over the year to Sep 18, 2026, GIAX paid 23.4% of its starting value in cash distributions while its price fell 10.5%. With every distribution reinvested, the fund returned +15.4%. All-country world (ACWI) returned +17.6% over the same days, so a holder was behind by 2.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 23.2%, paid weekly.

NIHI in plain words

Over the year to Sep 18, 2026, NIHI paid 11.4% of its starting value in cash distributions while its price rose 2.8%. With every distribution reinvested, the fund returned +14.9%. Developed Markets ex US (EFA) returned +16.3% over the same days, so a holder was behind by 1.4 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.7%, paid monthly. NEOS estimates that 0% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

Questions people ask

Which paid more, GIAX or NIHI?
Over the year to Sep 18, 2026, GIAX paid 23.4% of its starting price in cash and NIHI paid 11.4%, so GIAX paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, GIAX or NIHI?
With every distribution reinvested, GIAX returned +15.4% and NIHI returned +14.9% over the year to Sep 18, 2026, so GIAX returned more.
Which is cheaper, GIAX or NIHI?
GIAX charges 1.03% a year and NIHI charges 0.68%, so NIHI is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

GIAX against NIHI, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, GIAX against NIHI, data as of Sep 18, 2026. https://etfiq.com/compare/income/giax-vs-nihi Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources