(GIAX) Nicholas Global Equity - Overview
Etf: Equity ETF, Call Spread
Dividends
| Dividend Yield | 24.98% |
| Yield on Cost 5y | 31.65% |
| Yield CAGR 5y | 112.63% |
| Payout Consistency | 100.0% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 41.1% |
| Relative Tail Risk | 1.77% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.15 |
| Alpha | -10.31 |
| Character TTM | |
|---|---|
| Beta | 0.988 |
| Beta Downside | 0.956 |
| Drawdowns 3y | |
|---|---|
| Max DD | 20.38% |
| CAGR/Max DD | 0.41 |
Description: GIAX Nicholas Global Equity December 22, 2025
The Nicholas Global Equity and Income ETF (GI AX) employs a two-pronged strategy: it holds shares of unaffiliated passively managed “Index ETFs” that provide broad global equity exposure, and it writes daily index credit call spreads on one or more U.S. equity indices to generate income. Because the fund relies heavily on option premiums, it is classified as a non-diversified, derivative-income ETF.
Key quantitative points to note (as of the latest filing): the fund’s expense ratio is 0.85 %, its assets under management total roughly $120 million, and it targets a 6-8 % annualized distribution yield. Performance is sensitive to two primary drivers: (1) global equity market volatility, which influences the pricing of the underlying Index ETFs, and (2) U.S. interest-rate expectations, which affect the premium earned from the index call spreads.
For a deeper quantitative breakdown, you may want to explore the fund’s metrics on ValueRay.
What is the price of GIAX shares?
Over the past week, the price has changed by -3.46%, over one month by -5.45%, over three months by -2.14% and over the past year by +5.16%.
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 | 25.3 | 62.2% |
GIAX Fundamental Data Overview February 04, 2026
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 = 87.7m USD (87.7m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 87.7m)
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 87.7m / 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 = 9.56% (E(87.7m)/V(87.7m) * Re(9.56%) + (debt-free company))
Discount Rate = 9.56% (= CAPM, Blume Beta Adj.)
Fair Price DCF = unknown (Cash Flow 0.0)