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Launched

Research Affiliates Deletions ETF

NIXTNasdaqC

$35.56+0.31 (+0.87%)

At close: Nov 2, 2026, 4:00 PM ET

C45/ 100

Rank 32 of 40 in US Value Index

C45/100Rank 32 of 40inUS Value Index
Intraday session: up, 79 prints from 35.26 to 35.56. Range 35.54 to 35.89. Use the arrow keys to read each point.35.4035.7035.8035.9010 AM12 PM2 PM4 PM
Expense ratio
0.29%*
Fund size
$57M
1Y total return
+38.4%
Yield · Last 12 months
1.19%
Holdings
204
Avg volume · 30D
7.67K sh
52W range
low $23.83high $35.47
Launched

*After a fee waiver that ends Oct 31, 2027. Without it: 0.39%.

The ETF.net NIXT Grade

C

Score 45 out of 100

Category
US Value Index⁠
Rank
32 of 40
Six-pillar profile for NIXT. Scores out of 100: Cost 36, Risk 37, Mission 72, Tradability 19, Holdings 70, Durability 27. Strongest: Mission (72). Weakest: Tradability (19). Leans toward Mission and Holdings.

Score 45 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.
    D36 out of 100
    Rank 25 of 40

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A72 out of 100
    Rank 28 of 37

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D37 out of 100
    Rank 25 of 39

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F19 out of 100
    Rank 38 of 40

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 out of 100
    Rank 12 of 40

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D27 out of 100
    Rank 34 of 40

Our read on NIXT

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarA70 out of 100Rank 12 of 40 in US Value Index
Asset class
Stocks
Holdings
204
Top-10 weight
11%
Largest holding
MRNA2.1%

Geography

  • United States99.18%
  • United Kingdom0.54%
  • Belgium0.28%
The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1MRNAModerna Inc2.09%5,348$1.19M297
2OKTAOkta Inc1.21%3,309$690K262
3QLYSQualys Inc1.11%2,818$630K199
4TENBTenable Holdings Inc1.06%11,860$600K146
5NSITInsight Enterprises Inc1.02%3,381$580K136
6CRLCharles River Laboratories International Inc0.93%1,474$530K228
7SWKSSkyworks Solutions Inc0.91%5,915$520K279
8MRVIMaravai LifeSciences Holdings Inc0.91%66,727$520K57
9PAYCPaycom Software Inc0.90%1,942$510K210
10RNGRingCentral Inc0.88%6,158$500K166
11AVTRAvantor Inc0.86%30,442$490K129
12ANFAbercrombie & Fitch Co0.83%2,853$470K183
13EFOREverforth Inc0.79%11,785$450K103
14RVTYRevvity Inc0.79%2,836$450K216
15PBFPBF Energy Inc0.77%5,666$440K166

Showing 1–15 of 204 holdings

NIXT Performance

Launched Sep 9, 2024

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$13,835
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NIXT $13,835. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+34.7%
1 month+8.6%
3 months+6.6%
1 year+38.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+34.7%
2025+4.9%
2024+4.9%

History from Sep 10, 2024

NIXT in the news

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 Oct 30, 2026.
1.19%Last 12 months
Payout per share
$0.42Last 12 months
Last payment
$0.09 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. 8 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; Sep 28, 2026 $0.09. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Sep 28, 2026Sep 30, 2026$0.09
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

$10,000 in NIXT 1 year ago paid $163 in dividends.

NIXT Risk

Risk pillarD37 out of 100Rank 25 of 39 in US Value Index
How much the fund’s monthly returns vary, scaled to a year.
17.3%
Annualised · 25 months to Oct 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.
0.77
vs 3-month T-bills · 25 months to Oct 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%
25 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.

FMP measures it over up to five years of monthly returns.

NIXT Cost

Compare NIXT and VTV

Overpaying vs VTV, tied cheapest in US Value Index

$5,314

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NIXT 0.29%

    $5,952

  • VTV 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • NIXT 0.29%
  • VTV 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530NIXT $5,952VTV $638

Year by year

YearNIXTVTVOverpaying
10$527$55$472
20$2,044$216$1,828
30$5,952$638$5,314
How the 0.29% is worked out

Full fee 0.39%− waiver 0.10%= you pay 0.29%

The waiver ends Oct 31, 2027. After that the fee is 0.39% unless RAFI Indices renews it. Source: prospectus, Oct 2026.

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