FIAX vs UCON
Nicholas Fixed Income Alternative ETF compared with First Trust Smith Unconstrained Plus Bond ETF on yield, payout growth, payment schedule, cost and risk.
FIAX
Nicholas Fixed Income Alternative ETF
TTM yield · Monthly
UCON
First Trust Smith Unconstrained Plus Bond ETF
TTM yield · Monthly
Quick take
- FIAX yields more today: 8.27% vs 4.75% (forward).
- Both pay every month.
- Over the last year UCON delivered the higher total return: +2.9% vs +2.7% (price change plus payouts).
- UCON is cheaper to own: 0.86% vs 0.97% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FIAX | UCON |
|---|---|---|
| Share price | $17.27 | $24.54 |
| TTM yield | 8.27% | 4.75% |
| Forward yield | 8.27% | 4.75% |
| Annual payout per share | $1.428 | $1.165 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Sep 17, 2026 (est.) | Sep 20, 2026 (est.) |
| Expense ratio | 0.97% | 0.86% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 98/100 | 92/100 |
| 1-year total return | +2.7% | +2.9% |
| 1-year price return | -5.1% | -1.8% |
| Size (market cap / AUM) | 125.2M | 3.3B |
| Years paying | 3.6 | 8.1 |
| Sector / category | Nontraditional Bond | Nontraditional Bond |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FIAX | UCON | |
|---|---|---|
| Shares | 579.0 | 407.5 |
| Income per year | $827 | $475 |
| Income per month (avg) | $69 | $40 |
At forward yields, before taxes. Model FIAX · Model UCON
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FIAX Sep 17, 2026 | Oct 1, 2026 | $0.119 | Est. |
| FIAX Oct 15, 2026 | Oct 29, 2026 | $0.119 | Est. |
| FIAX Nov 12, 2026 | Nov 26, 2026 | $0.119 | Est. |
| UCON Sep 20, 2026 | Oct 4, 2026 | $0.0971 | Est. |
| UCON Oct 20, 2026 | Nov 3, 2026 | $0.0971 | Est. |
| UCON Nov 19, 2026 | Dec 3, 2026 | $0.0971 | Est. |
Annual payouts per share
FIAXUCON
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FIAX or UCON?
FIAX currently has the higher trailing yield: FIAX yields 8.27% and UCON yields 4.75%. Yield changes daily with price, so check the live figures above.
How often do FIAX and UCON pay?
FIAX pays every month and UCON pays every month. FIAX's next ex-date is Sep 17, 2026 and UCON's is Sep 20, 2026.
Is FIAX or UCON better for income?
It depends on what you are optimising for. FIAX and UCON differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.