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NIXT

GradeBNASDAQ Global Market

Research Affiliates Deletions ETF

Factor & Screened Index · RAFI Indices · Inception 2024-09-09

$33.22−0.34 (−1.03%)

As of Sep 23, 2026, 3:07 PM EDT

History starts Sep 10, 2024.
Intraday session: down, 66 prints from 33.56 to 33.22. Range 33.22 to 33.51. Use the arrow keys to read each point.$33.30$33.40$33.5010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$41M
1Y return
+27.6%
Yield · Last 12 months
1.28%
Volume · 30D
0M sh
NAV per share
$33.28
52W range
low $23.83high $35.25

The ETF.net NIXT Grade

B

55/ 100

Rank 25 of 42 in US Value Index⁠

Confidence High

Six-pillar profile for NIXT. Scores out of 100: Cost 79, Risk 14, Mission 73, Tradability 13, Holdings 76, Durability 27. Strongest: Cost (79). Weakest: Tradability (13). No single pillar leads.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 79
    Category rank9/42 · top 21%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 73
    Category rank29/39 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 14
    Category rank39/41 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 13
    Category rank41/42 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 76
    Category rank10/42 · top 24%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 27
    Category rank35/42 · bottom quartile

Graded as of Sep 22, 2026

Our read on NIXT

ETF.net Research

BMost 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.

Stated mandate

The Fund aims to follow the Research Affiliates Deletions Index's total return before fees and expenses.

Why people hold it

  1. 010.09% 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.
  2. 02A genuinely unusual mandate: a rules-based US equity index with an advertised value screen that no other fund in its cohort tracks.
  3. 03Ordinary plumbing underneath: a 1940 Act fund holding US stocks, paying quarterly. Standard 1099 treatment, no K-1 in the mail.

Worth knowing

  1. 01Thinly 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.
  2. 02Launched in 2024, so the live record is short and covers nothing close to a full market cycle.
  3. 03The value screen and unusual index construction mean returns can drift a long way from the cap-weighted US market, in either direction.

NIXT Holdings

As of Sep 20, 2026, 9:22 AM
Asset class
Stocks
Holdings
—
Top-10 weight
10%
Largest holding
MRNA1.6%

Geography

  • United States98.75%
  • United Kingdom0.85%
  • Bermuda0.39%
The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MRNAModerna Inc1.56%4,127$640K240
002OKTAOkta Inc1.15%2,569$470K245
003NSITInsight Enterprises Inc0.98%2,604$400K132
004QLYSQualys Inc0.93%2,189$380K189
005MRVIMaravai LifeSciences Holdings Inc0.88%51,409$360K51
006MANManpowerGroup Inc0.88%6,272$360K118
007AVTRAvantor Inc0.85%22,824$350K121
008PAYCPaycom Software Inc0.83%1,498$340K184
009RNGRingCentral Inc0.83%4,752$340K153
010PBFPBF Energy Inc0.81%4,263$330K158
011NTNXNutanix Inc0.78%4,520$320K180
012TENBTenable Holdings Inc0.78%9,159$320K136
013CRLCharles River Laboratories International Inc0.78%1,141$320K209
014PKIRevvity Inc0.76%2,134$310K107
015ANFAbercrombie & Fitch Co0.73%2,224$300K174

Showing 1–15 of 206 holdings

NIXT Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NIXT$12,758
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NIXT $12,758. SPY $11,723. Use the arrow keys to read each point.$8,878$11,241$13,604Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for NIXT. Periods over one year show the average yearly return.
PeriodNIXT
Year to date+27.8%
1 month−3.6%
3 months+9.6%
1 year+27.6%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NIXT
YearReturn barNIXT
2026 YTD+27.8%
2025+4.9%
2024+4.9%

History from Sep 10, 2024

NIXT in the news

ETF.net Research hasn’t filed on NIXT yet — coverage lands here as it’s written.

NIXT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.28%Last 12 months
Payout per share
$0.43Last 12 months
Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 7 payments from 2024 to 2026 YTD. Dec 30, 2024 $0.36; Mar 28, 2025 $0.08; Jun 27, 2025 $0.13; Sep 29, 2025 $0.10; Dec 23, 2025 $0.12; Mar 30, 2026 $0.07; Jun 29, 2026 $0.14. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.14
Mar 30, 2026Mar 31, 2026$0.07
Dec 23, 2025Dec 24, 2025$0.12
Sep 29, 2025Sep 30, 2025$0.10
Jun 27, 2025Jun 30, 2025$0.13
Mar 28, 2025Mar 31, 2025$0.08
Dec 30, 2024Dec 31, 2024$0.36

NIXT Risk

How much the fund’s monthly returns vary, scaled to a year.
16.3%
Annualised · 23 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.83
vs 3-month T-bills · 23 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−27.7%
24 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.06
vs its asset-class index
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

Expense ratio0.19%
  • The middle half of US Value Index funds
  • Median 0.20%

18 of the 41 US Value Index funds charge less.

NIXT costs $19.00 a year on $10,000. The median US Value Index fund costs $20.00.