Research Affiliates Deletions ETF
$33.63+0.20 (+0.60%)
- 0.19%
- $40M
- +33.8%
- 1.26%
- 0M sh
- $33.43
- low $23.83high $35.25
The ETF.net NIXT Grade
C
Score 50 out of 100
- 28 of 40
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C50 out of 100Rank 19 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.A72 out of 100Rank 29 of 37Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F21 out of 100Rank 35 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D37 out of 100Rank 24 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A71 out of 100Rank 13 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D26 out of 100Rank 35 of 40
Our read on NIXT
CMost index funds chase the winners. NIXT tracks Research Affiliates' Deletions Index, a value-tilted basket of US stocks, and charges 0.09% a year to do it.
The Fund aims to follow the Research Affiliates Deletions Index's total return before fees and expenses.
Why people hold it
- 0.09% a year, versus a 0.45% median for its index-tracking peer group. The fee is the one number you know in advance, and this one is small.
- A genuinely unusual mandate: a rules-based US equity index with an advertised value screen that no other fund in its cohort tracks.
- Ordinary plumbing underneath: a 1940 Act fund holding US stocks, paying quarterly. Standard 1099 treatment, no K-1 in the mail.
Worth knowing
- Thinly traded with a small asset base. On a given trade, the bid-ask spread can cost more than a full year of the expense ratio.
- Launched in 2024, so the live record is short and covers nothing close to a full market cycle.
- The value screen and unusual index construction mean returns can drift a long way from the cap-weighted US market, in either direction.
NIXT Holdings
- Stocks
- 205
- 11%
- MRNA
Geography
- United States98.81%
- United Kingdom0.87%
- Bermuda0.32%
NIXT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NIXT$13,380
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NIXT |
|---|---|
| Year to date | +27.7% |
| 1 month | +0.3% |
| 3 months | +2.9% |
| 1 year | +33.8% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NIXT |
|---|---|---|
| 2026 YTD | +27.7% | |
| 2025 | +4.9% | |
| 2024 | +4.9% |
NIXT in the news
Category Review
US multifactor funds ran 30 points apart
NIXT Dividends
- 1.26%
- $0.42
- $0.09 per share
- Quarterly
Distribution history
NIXT Risk
- 16.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.58
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −27.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NIXT Cost
0.19%
NIXT0.19%
- The middle half of US Value Index funds
- Median 0.20%
18 of the 40 US Value Index funds charge less.
Other funds in US Value Index
- CPRXVPraxis Impact Large Cap Value ETFExpense ratio 0.36%1 year return +23.9%
- CCOWZPacer US Cash Cows 100 ETFExpense ratio 0.49%1 year return +26.1%
- CPWVInvesco Large Cap Value ETFExpense ratio 0.55%1 year return +25.3%
- CVFVAVanguard U.S. Value Factor ETFExpense ratio 0.13%1 year return +28.2%
- CVMAXHartford US Value ETFExpense ratio 0.29%1 year return +26.4%