Nicholas Fixed Income Alternative ETF (FIAX) — Stock Correlations & Overview
Over the past year, FIAX has moved most closely with XDEC, BAMO, ITDB. Explore the stocks most correlated and inversely correlated with FIAX below, along with its price, financials, and company profile.
Stocks correlated with FIAX
Correlation of daily returns. Higher positive values move with FIAX; negative values move opposite it. Informational only, not investment advice.
Most correlated with FIAX
| Symbol | Company | Correlation |
|---|---|---|
| XDEC | FT Vest U.S. Equity Enhance & Moderate Buffer ETF - December | 0.59 |
| BAMO | Brookstone Opportunities ETF | 0.59 |
| ITDB | iShares LifePath Target Date 2030 ETF | 0.58 |
| TEND | iShares Large Cap 10% Target Buffer Dec ETF | 0.58 |
| TAPR | Innovator Equity Defined Protection ETF - 2 Yr to April 2027 | 0.58 |
Frequently asked questions about FIAX correlations
- Which stocks are most correlated with FIAX?
- Based on one year of daily returns, the stocks most correlated with Nicholas Fixed Income Alternative ETF (FIAX) are XDEC (0.59), BAMO (0.59) and ITDB (0.58). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FIAX?
- Over the past year, the stocks most inversely correlated with Nicholas Fixed Income Alternative ETF (FIAX) are SDOW (-0.57), DOG (-0.57) and DXD (-0.57). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FIAX correlations calculated?
- We compute the correlation of daily returns between FIAX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.