GIAX vs PNOV
Nicholas Global Equity and Income ETF vs Innovator US Equity Power Buffer ETF - November
Which is better, GIAX or PNOV?
GIAX has been ahead.
PNOV 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 | GIAX | PNOV |
|---|---|---|
| Expense Ratio | 1.03% | 0.79%Best |
| AUM | $115M | $838M |
| Dividend Yield | 24.34% | 0.00% |
| Holdings | 87 | 18 |
| YTD Return | +12.20%Best | +9.87% |
| 1Y Return | +12.86%Best | +11.76% |
| 3Y Return (annualized) | - | +11.02% |
| 5Y Return (annualized) | - | +8.54% |
| Volatility (annualized) | 20.7% | 6.1%Best |
| Max Drawdown | -20.4% | -10.3%Best |
| $10,000 over 2.2 years | $13,082Best | $12,601 |
| Fund Family | XFunds | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 29, 2024 | Oct 31, 2019 |
Not shown on this pair: 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).
GIAX vs PNOV 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.
GIAX vs PNOV Performance
Nicholas Global Equity and Income ETF (GIAX) is an ETF from XFunds and Innovator US Equity Power Buffer ETF - November (PNOV) is an ETF from Innovator ETFs Trust. Over the past year GIAX returned +12.86% while PNOV returned +11.76%. Year to date, GIAX is up 12.20% versus a gain of 9.87% for PNOV.
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 6.1% for PNOV. 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 -20.4% for GIAX and -10.3% for PNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GIAX charges 1.03% per year while PNOV charges 0.79%. On a $10,000 position that is $103 vs $79 annually, a gap of $24 per year that compounds over a long holding period. On income, GIAX currently yields 24.34% against 0.00% for PNOV.
You are not choosing between two funds in isolation.
Whichever of GIAX and PNOV 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, GIAX or PNOV?
GIAX has an expense ratio of 1.03% while PNOV charges 0.79%. PNOV is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, GIAX or PNOV?
Over the past year GIAX returned +12.86% vs +11.76% for PNOV, so GIAX leads on 1-year performance. Over the longest common window we track (2 years), GIAX annualized +12.99% vs +11.08% for PNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GIAX or PNOV?
GIAX has been the more volatile fund at 20.7% annualized versus 6.1% for PNOV. Worst drawdown: GIAX -20.4% vs PNOV -10.3%.
Should I hold both GIAX and PNOV?
GIAX and PNOV have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GIAX or PNOV?
GIAX yields 24.34% while PNOV yields 0.00%, so GIAX currently pays the higher dividend yield.
Is PNOV better than GIAX?
PNOV 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.