(GIAX) Nicholas Global Equity - Ratings and Ratios
Index ETFs, Index Call Spreads
Dividends
| Dividend Yield | 26.20% |
| Yield on Cost 5y | 30.30% |
| Yield CAGR 5y | 0.00% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk via 10d forecast | |
|---|---|
| Volatility | 31.1% |
| Value at Risk 5%th | 51.6% |
| Relative Tail Risk | 0.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.25 |
| Alpha | -5.79 |
| CAGR/Max DD | 0.55 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.380 |
| Beta | 0.946 |
| Beta Downside | 0.981 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.38% |
| Mean DD | 2.58% |
| Median DD | 1.14% |
Description: GIAX Nicholas Global Equity October 19, 2025
The Nicholas Global Equity and Income ETF (GIAX) combines two distinct tactics: it holds shares of unaffiliated passively managed “Index ETFs” that give investors exposure to a broad basket of global equities, and it writes daily index credit call spreads on one or more U.S. equity indices to generate income. Because the fund’s income-generation relies on option premiums, it is classified as a non-diversified, derivative-income ETF.
As of the latest filing, GIAX reports an expense ratio of 0.68% and a 30-day SEC yield of roughly 5.2%, reflecting the premium collected from the call-spread strategy. Its performance is highly sensitive to U.S. market volatility (VIX) and the Federal Reserve’s interest-rate stance, which influence option pricing and the profitability of the credit spreads. The fund’s assets under management (AUM) sit near $150 million, and its average daily trading volume is modest, leading to a bid-ask spread that can widen in periods of market stress.
For a deeper quantitative breakdown of GIAX’s risk-adjusted return profile, you might explore the analytics on ValueRay.
What is the price of GIAX shares?
Over the past week, the price has changed by -3.09%, over one month by -2.62%, over three months by -0.18% and over the past year by +8.25%.
Is GIAX a buy, sell or hold?
What are the forecasts/targets for the GIAX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 21.5 | 29.4% |
GIAX Fundamental Data Overview December 02, 2025
Beta = 0.0
Revenue TTM = 0.0 USD
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 74.5m USD (74.5m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 74.5m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 74.5m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 9.50% (E(74.5m)/V(74.5m) * Re(9.50%) + (debt-free company))
Discount Rate = 9.50% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)
Additional Sources for GIAX ETF
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle