EALT vs GIAX
Innovator US Equity 5 to 15 Buffer ETF - Quarterly vs Nicholas Global Equity and Income ETF
Which is better, EALT or GIAX?
GIAX has been ahead.
EALT has a lower expense ratio. GIAX led over 1Y and the full window.
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 | EALT | GIAX |
|---|---|---|
| Expense Ratio | 0.69%Best | 1.03% |
| AUM | $189M | $115M |
| Dividend Yield | 0.00% | 24.34% |
| Holdings | 23 | 87 |
| YTD Return | +3.94% | +12.20%Best |
| 1Y Return | +6.78% | +12.86%Best |
| 3Y Return (annualized) | +12.25% | - |
| Volatility (annualized) | 8.5%Best | 20.7% |
| Max Drawdown | -14.8%Best | -20.4% |
| $10,000 over 2.2 years | $12,244 | $13,082Best |
| Fund Family | Innovator ETFs Trust | XFunds |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Oct 2, 2023 | Jul 29, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 30, 2024 to Oct 14, 2026 (2.2 years).
EALT vs GIAX 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 2.2 years both funds cover.
EALT vs GIAX Performance
Innovator US Equity 5 to 15 Buffer ETF - Quarterly (EALT) is an ETF from Innovator ETFs Trust and Nicholas Global Equity and Income ETF (GIAX) is an ETF from XFunds. Over the past year EALT returned +6.78% while GIAX returned +12.86%. Year to date, EALT is up 3.94% versus a gain of 12.20% for GIAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GIAX has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 8.5% for EALT. 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 -14.8% for EALT and -20.4% for GIAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EALT charges 0.69% per year while GIAX charges 1.03%. On a $10,000 position that is $69 vs $103 annually, a gap of $34 per year that compounds over a long holding period. On income, EALT currently yields 0.00% against 24.34% for GIAX.
Holdings Overlap
At least 6.8% of GIAX's money is in holdings EALT also owns.
Stated as a floor: for EALT, our book for it covers 100.0% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
GIAX and EALT share little of their money.
1 positions in common, counted across the 1 positions we hold weights for in EALT and 27 in GIAX, against full books of 23 and 87.
Top Shared Holdings
| Stock | Weight in EALT | Weight in GIAX | Difference |
|---|---|---|---|
| VOOVanguard S&P 500 ETF | 99.95% | 6.85% | 93.10% |
You are not choosing between two funds in isolation.
Whichever of EALT and GIAX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EALT or GIAX?
EALT has an expense ratio of 0.69% while GIAX charges 1.03%. EALT is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, EALT or GIAX?
Over the past year EALT returned +6.78% vs +12.86% for GIAX, so GIAX leads on 1-year performance. Over the longest common window we track (2 years), EALT annualized +9.64% vs +12.99% for GIAX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EALT or GIAX?
GIAX has been the more volatile fund at 20.7% annualized versus 8.5% for EALT. Worst drawdown: EALT -14.8% vs GIAX -20.4%.
Should I hold both EALT and GIAX?
EALT and GIAX have a monthly-return correlation of 0.68, 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 EALT and GIAX?
At least 6.8% of GIAX's money is in holdings EALT also owns. Our book for EALT is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 1 positions we hold weights for in EALT and 27 in GIAX.
Which pays a higher dividend, EALT or GIAX?
EALT yields 0.00% while GIAX yields 24.34%, so GIAX currently pays the higher dividend yield.
Is GIAX better than EALT?
EALT has a lower expense ratio. GIAX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.