IUSV vs NIXT: Grades, Fees and Holdings Compared

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Research Affiliates Deletions ETF

NIXTCNasdaq

Overlap

2.3%by weight

Expense ratio

IUSV −0.25pt a year

IUSV0.04%NIXT0.29%

Avg volume · 30D

IUSV 75.0×the volume

IUSV575KNIXT7.67K

IUSV vs NIXT Performance

Oct 31, 2025 – Oct 30, 2026

+16.6%IUSV+38.4%NIXT

Expense ratio: IUSV 0.04%, better; NIXT 0.29%
Fund size: IUSV $28.5B; NIXT $57M
1Y total return: IUSV +16.6%; NIXT +38.4%, better
Yield (12M): IUSV 1.63%, better; NIXT 1.19%
Holdings: IUSV 734; NIXT 204
Avg volume (30D): IUSV 575K sh, better; NIXT 7.67K sh
NAV per share: IUSV $115.73; NIXT $35.29
52W range

ETF.net Grade

Pillar letters and Scores for IUSV, NIXT, with each pillar’s weight
Pillar	IUSV	NIXT
Cost30% weight	A96Higher	D36
Mission25% weight	A88Higher	A72
Risk15% weight	B64Higher	D37
Tradability15% weight	A82Higher	F19
Holdings10% weight	C48	A70Higher
Durability5% weight	A79Higher	D27

Rank among US Value Index funds

How we build Categories ›

Same Category. IUSV and NIXT are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

IUSV ranks 3rd and NIXT 32nd of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 32CFNKFirst Trust Mid Cap Value AlphaDEX FundScore 45
Rank 32CNIXTResearch Affiliates Deletions ETFScore 45
Rank 34CFYTFirst Trust Small Cap Value AlphaDEX FundScore 43

Our read on each fund

ETF.net Research

IUSVAiShares Core S&P U.S. Value ETF

NIXTCResearch Affiliates Deletions ETF

In short

IUSV A value fund with a wider net: it tracks the S&P 900 Value Index, which screens S&P 500 and MidCap 400 stocks on book value, earnings and sales versus price. Roughly 700 names, 0.04% a year, running since 2000.

NIXT Most 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

IUSV The fund seeks to track the S&P 900 Value Index, which represents large- and mid-capitalization U.S. value equities. Value characteristics are identified using book value, earnings, and sales relative to price.

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

Why people hold it

IUSV Costs 0.04% a year, a fraction of the typical US value ETF, and level with the cheapest of its large peers like SCHV.
The index reaches past the S&P 500 into the S&P MidCap 400, so mid-cap value names come along. Large-cap-only rivals such as SCHV stop short of them.spindices.com
A 2000 vintage and now a multi-billion-dollar iShares Core holding: it trades actively, tracks its index closely, and pays quarterly.

NIXT 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

IUSV S&P's style system splits the parent index by formula, and stocks with both value and growth traits can sit in each. This is the cheap half of the market, not a deep-value sleeve.spglobal.com spglobal.com 2
The screen is pure price ratios (book value, earnings, sales), with no profitability or quality filter, so cheap-for-a-reason names are part of the deal.spglobal.com
Holdings are float-market-cap weighted, so the biggest value names drive most of the movement.spglobal.com

NIXT 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.

Full IUSV profile⁠

Full NIXT profile⁠

IUSV vs NIXT Holdings

How IUSV and NIXT differ

Overlap by weight

2.3%

Shared holdings make up 45.8% of NIXT and 2.3% of IUSV.

Level by level

Holdings90 in both2.3%
Countryby domicile99.3%
Asset classEquity100%

Sector

No Sector split for NIXT.

Country, concentration and asset class

Country by domicile

Country weights in IUSV and NIXT, widest gap first
Country	More in IUSVMore in NIXT	IUSV	NIXT
Switzerland	IUSV +0.5 points	0.5%	0.0%
Other countries (7)	NIXT +0.5 points	99.5%	100.0%

Concentration

Weight in the 10 largest Holdings

IUSV23.0%
NIXT11.0%

Securities held

IUSV731
NIXT203

Asset class

IUSV: Equity
NIXT: Equity

Holdings

Only in IUSV641
In both90
Only in NIXT113

Only in IUSV

641 securities, 97.5% of IUSV by weight

Apple7.81%
Amazon.com Inc3.44%
Exxonmobil Holdings Corp2.39%
Walmart1.71%
Chevron1.44%
Costco Wholesale Corp1.39%
Tesla Inc1.33%
Procter & Gamble1.17%
Merck & Co Inc1.15%
UnitedHealth Group1.13%
Home Depot1.02%
Intel Corporation1.01%
Bank of America1.01%
Visa Class A0.98%
JPMorgan Chase & Co0.89%
AbbVie0.87%
Texas Instrument0.85%
Johnson & Johnson0.84%
Thermo Fisher Scientific0.80%
Wells Fargo0.78%
Linde PLC0.74%
Coca-Cola0.66%
Citigroup0.64%
Analog Devices0.63%
Cisco Systems Inc0.60%
Walt Disney0.59%
Salesforce0.58%
Pepsico0.58%
Verizon Communications Inc0.58%
Conocophillips0.57%
Abbott Laboratories0.57%
Union Pacific0.56%
Qualcomm0.55%
Nextera Energy0.54%
Pfizer0.54%
Mastercard Class A0.53%
Deere0.53%
BlackRock0.51%
Accenture PLC Class A0.49%
Ge Aerospace0.47%
AT&T0.46%
Danaher0.45%
Eaton PLC0.45%
Philip Morris International0.44%
Charles Schwab0.44%
Vertex Pharmaceuticals0.44%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Altria Group Inc0.40%
Lockheed Martin0.40%

Only in NIXT

113 securities, 54.2% of NIXT by weight

Okta Inc1.21%
Qualys Inc1.11%
Tenable Holdings Inc1.06%
Insight Enterprises Inc1.02%
Maravai LifeSciences Holdings Inc0.91%
Paycom Software Inc0.90%
RingCentral Inc0.88%
Everforth Inc0.79%
Kohl's Corp0.76%
Robert Half Inc0.72%
Marriott Vacations Worldwide Corp0.70%
Surgery Partners Inc0.70%
Azenta Inc0.69%
Option Care Health Inc0.69%
ManpowerGroup Inc0.67%
Workiva Inc0.67%
Bumble Inc0.63%
CCC Intelligent Solutions Holdings Inc0.63%
SPS Commerce Inc0.63%
CarMax Inc0.62%
Etsy Inc0.62%
CorVel Corp0.62%
Coty Inc0.62%
TriNet Group Inc0.62%
Waystar Holding Corp0.58%
Highwoods Properties Inc0.56%
DXC Technology Co0.56%
Concentrix Corp0.56%
Nomad Foods Ltd0.55%
Helen of Troy Ltd0.55%
Lamb Weston Holdings Inc0.55%
Newell Brands Inc0.55%
Teradata Corp0.55%
NCR Voyix Corp0.55%
Merit Medical Systems Inc0.55%
ACI Worldwide Inc0.55%
Frontdoor Inc0.53%
Integra LifeSciences Holdings Corp0.53%
Bread Financial Holdings Inc0.53%
Inspire Medical Systems Inc0.53%
EPAM Systems Inc0.53%
SL Green Realty Corp0.51%
Americold Realty Trust Inc0.51%
Acadia Healthcare Co Inc0.51%
Ziff Davis Inc0.51%
Sotera Health Co0.51%
Guidewire Software Inc0.51%
Badger Meter Inc0.51%
Iridium Communications Inc0.49%
Vir Biotechnology Inc0.49%

Weight gaps

All 90 Holdings in both funds, largest gap first.

Holding weights in IUSV and NIXT, widest gap first
Holding	More in IUSVMore in NIXT	IUSV	NIXT
ModernaMRNA	NIXT +1.83 points	0.26%	2.09%
Charles River Laboratories InternaCRL	NIXT +0.88 points	0.05%	0.93%
Skyworks SolutionsSWKS	NIXT +0.85 points	0.06%	0.91%
AvantorAVTR	NIXT +0.83 points	0.03%	0.86%
Abercrombie and Fitch Class AANF	NIXT +0.82 points	0.01%	0.83%
DocusignDOCU	NIXT +0.75 points	0.02%	0.77%
Pbf Energy Class APBF	NIXT +0.75 points	0.02%	0.77%
RevvityRVTY	NIXT +0.74 points	0.05%	0.79%
Commvault SystemsCVLT	NIXT +0.71 points	<0.01%	0.72%
H&R Block IncHRB	NIXT +0.69 points	<0.01%	0.70%
Nutanix Class ANTNX	NIXT +0.68 points	0.02%	0.70%
Science Applications InternationalSAIC	NIXT +0.63 points	0.02%	0.65%
Best BuyBBY	NIXT +0.63 points	0.06%	0.69%
GartnerIT	NIXT +0.63 points	0.04%	0.67%
Zebra Technologies Corp Class AZBRA	NIXT +0.62 points	0.05%	0.67%
AshlandASH	NIXT +0.61 points	0.01%	0.62%
Factset Research SystemsFDS	NIXT +0.58 points	0.04%	0.62%
Bio Rad Laboratories Class ABIO	NIXT +0.57 points	<0.01%	0.58%
Bill HoldingsBILL	NIXT +0.55 points	<0.01%	0.56%
Equitable HoldingsEQH	NIXT +0.54 points	0.02%	0.56%
Harley DavidsonHOG	NIXT +0.54 points	0.01%	0.55%
Godaddy Class AGDDY	NIXT +0.53 points	0.05%	0.58%
SynapticsSYNA	NIXT +0.54 points	0.01%	0.55%
TrexTREX	NIXT +0.53 points	0.02%	0.55%
Baxter InternationalBAX	NIXT +0.52 points	0.04%	0.56%
Bentley Systems Class BBSY	NIXT +0.52 points	<0.01%	0.53%
Jm SmuckerSJM	NIXT +0.52 points	0.04%	0.56%
Corebridge Financial IncCRBG	NIXT +0.52 points	0.03%	0.55%
Stanley Black & DeckerSWK	NIXT +0.51 points	0.05%	0.56%
MacysM	NIXT +0.51 points	0.02%	0.53%
Erie Indemnity Class AERIE	NIXT +0.51 points	0.02%	0.53%
ExponentEXPO	NIXT +0.50 points	<0.01%	0.51%
Bath and Body WorksBBWI	NIXT +0.48 points	0.01%	0.49%
ViatrisVTRS	NIXT +0.48 points	0.07%	0.55%
HasbroHAS	NIXT +0.48 points	0.05%	0.53%
RhRH	NIXT +0.46 points	<0.01%	0.47%
Kilroy Realty ReitKRC	NIXT +0.46 points	0.01%	0.47%
Biomarin PharmaceuticalBMRN	NIXT +0.46 points	0.01%	0.47%
Brown Forman Class BBF.B	NIXT +0.45 points	0.02%	0.47%
Yeti HoldingsYETI	NIXT +0.46 points	<0.01%	0.46%
TransunionTRU	NIXT +0.45 points	0.02%	0.47%
Columbia SportswearCOLM	NIXT +0.45 points	<0.01%	0.46%
Mattel IncMAT	NIXT +0.45 points	<0.01%	0.46%
Tyler TechnologiesTYL	NIXT +0.44 points	0.05%	0.49%
Franklin TempletonBEN	NIXT +0.44 points	0.03%	0.47%
HubspotHUBS	NIXT +0.45 points	0.01%	0.46%
Booz Allen Hamilton Holding ClassBAH	NIXT +0.44 points	0.03%	0.47%
Siriusxm HoldingsSIRI	NIXT +0.44 points	0.02%	0.46%
Avery Dennison CorpAVY	NIXT +0.43 points	0.04%	0.47%
Kyndryl HoldingsKD	NIXT +0.43 points	<0.01%	0.44%
BxpBXP	NIXT +0.43 points	0.03%	0.46%
Molina Healthcare IncMOH	NIXT +0.43 points	0.03%	0.46%
Murphy OilMUR	NIXT +0.42 points	0.02%	0.44%
Alexandria Real Estate Equities ReARE	NIXT +0.42 points	0.02%	0.44%
MaximusMMS	NIXT +0.41 points	<0.01%	0.42%
Graphic Packaging HoldingGPK	NIXT +0.41 points	<0.01%	0.42%
Carlisle CompaniesCSL	NIXT +0.41 points	0.03%	0.44%
Scotts Miracle GroSMG	NIXT +0.41 points	<0.01%	0.42%
Pinterest Class APINS	NIXT +0.41 points	<0.01%	0.42%
PvhPVH	NIXT +0.41 points	0.01%	0.42%
Hormel Foods CorpHRL	NIXT +0.40 points	0.02%	0.42%
Universal Display CorpOLED	NIXT +0.39 points	<0.01%	0.40%
Brunswick CorpBC	NIXT +0.38 points	0.02%	0.40%
Sensata Technologies Holding PLCST	NIXT +0.38 points	0.02%	0.40%
Vf CorpVFC	NIXT +0.38 points	0.02%	0.40%
Euronet WorldwideEEFT	NIXT +0.38 points	<0.01%	0.39%
Independence RealtyIRT	NIXT +0.38 points	0.01%	0.39%
Envista HoldingsNVST	NIXT +0.38 points	0.01%	0.39%
Thor IndustriesTHO	NIXT +0.38 points	0.01%	0.39%
Udr ReitUDR	NIXT +0.37 points	0.03%	0.40%
CooperCOO	NIXT +0.36 points	0.04%	0.40%
Polaris IncPII	NIXT +0.36 points	<0.01%	0.37%
Dominos PizzaDPZ	NIXT +0.36 points	0.03%	0.39%
CloroxCLX	NIXT +0.36 points	0.03%	0.39%
Mccormick & Co Non-VotingMKC	NIXT +0.35 points	0.04%	0.39%
Chewy Inc Class ACHWY	NIXT +0.34 points	<0.01%	0.35%
Ally Financial IncALLY	NIXT +0.34 points	0.03%	0.37%
Costar GroupCSGP	NIXT +0.33 points	0.04%	0.37%
Slm CorpSLM	NIXT +0.33 points	<0.01%	0.33%
Dentsply SironaXRAY	NIXT +0.32 points	<0.01%	0.33%
Akamai Technologies IncAKAM	NIXT +0.33 points	0.04%	0.37%
Align TechnologyALGN	NIXT +0.32 points	0.03%	0.35%
MosaicMOS	NIXT +0.31 points	0.02%	0.33%
Fidelity National Financial IncFNF	NIXT +0.30 points	0.03%	0.33%
Mgm Resorts InternationalMGM	NIXT +0.30 points	0.02%	0.32%
Ipg Photonics CorpIPGP	NIXT +0.25 points	<0.01%	0.26%
Westlake CorpWLK	NIXT +0.25 points	<0.01%	0.26%
Sprouts Farmers Market IncSFM	NIXT +0.25 points	<0.01%	0.26%
Avis Budget Group IncCAR	NIXT +0.25 points	<0.01%	0.25%
WhirlpoolWHR	NIXT +0.22 points	<0.01%	0.23%

All 732 IUSV holdings⁠All NIXT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IUSV vs NIXT Cost

Overpaying NIXT vs IUSV

$5,103

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

IUSV 0.04%
$849
NIXT 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

IUSV 0.04%
NIXT 0.29%
Overpaying

Year by year

Year	IUSV	NIXT	Overpaying
10	$73	$527	$454
20	$288	$2,044	$1,756
30	$849	$5,952	$5,103

Expense ratio

0.04%IUSV, cheaper
0.29%NIXT

IUSV0.04%NIXT0.29%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

NIXT 26th cheapest of 40 funds

IUSV vs NIXT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IUSV 1.63%, better; NIXT 1.19%
Payout (12M): IUSV $1.89; NIXT $0.42
Last payment: IUSV $0.49; NIXT $0.09
Ex-dividend: IUSV Sep 15, 2026; NIXT Sep 28, 2026
Paid on: IUSV Sep 18, 2026; NIXT Sep 30, 2026
Frequency: IUSV Quarterly; NIXT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

NIXTQuarterly · 8 paymentsAll NIXT payments⁠

IUSV vs NIXT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IUSV 11.9%NIXT 17.3%since Oct 2024
Return per unit of riskSharpe ratio, 3 years: IUSV 1.15NIXT 0.77since Oct 2024
Worst fallMax drawdown, 5 years: IUSV −17.9%NIXT −27.7%since Sep 2024
Market sensitivityBeta, 5 years: IUSV 0.85NIXT 1.06; Market = 1

IUSV and NIXT in the news

All news⁠

Filings Digest
TACK holders vote Dec. 10 on the move to Amplify
4 hours agoNIXT
Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
Oct 28, 2026NIXT
Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026IUSV

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IUSV vs NIXT

In short

Stated mandate

Why people hold it