IWD vs NIXT: Grades, Fees and Holdings Compared

iShares Russell 1000 Value ETF

IWDANYSE Arca

Research Affiliates Deletions ETF

NIXTCNasdaq

Overlap

2.3%by weight

Expense ratio

IWD −0.11pt a year

IWD0.18%NIXT0.29%

Avg volume · 30D

IWD 261.4×the volume

IWD2.01MNIXT7.67K

IWD vs NIXT Performance

Oct 31, 2025 – Oct 30, 2026

+28.4%IWD+38.4%NIXT

Expense ratio: IWD 0.18%, better; NIXT 0.29%
Fund size: IWD $83.2B; NIXT $57M
1Y total return: IWD +28.4%; NIXT +38.4%, better
Yield (12M): IWD 1.37%, better; NIXT 1.19%
Holdings: IWD 874; NIXT 204
Avg volume (30D): IWD 2.01M sh, better; NIXT 7.67K sh
NAV per share: IWD $258.68; NIXT $35.29
52W range

ETF.net Grade

Pillar letters and Scores for IWD, NIXT, with each pillar’s weight
Pillar	IWD	NIXT
Cost30% weight	B59Higher	D36
Mission25% weight	A100Higher	A72
Risk15% weight	A79Higher	D37
Tradability15% weight	A96Higher	F19
Holdings10% weight	C42	A70Higher
Durability5% weight	A82Higher	D27

Rank among US Value Index funds

How we build Categories ›

Same Category. IWD 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 ›

IWD ranks 4th 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 4AVOEVanguard Morningstar Mid-Cap 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

IWDAiShares Russell 1000 Value ETF

NIXTCResearch Affiliates Deletions ETF

In short

IWD The original Russell 1000 Value tracker, live since 2000 and still one of the most traded ways to own the value half of US large caps. Roughly 900 stocks, followed closely, at a price that reflects the plumbing.

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

IWD The fund seeks to track an index of U.S. large- and mid-cap stocks that may be undervalued relative to comparable companies.

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

Why people hold it

IWD Follows the Russell 1000 Value Index closely, one of the tightest index-following records among US value funds.
About 900 large- and mid-cap names, so no single stock or sector drives the result.
Trading since 2000 and actively traded, it is among the easier value ETFs to move in and out of, in size.

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

IWD At 0.18% a year, it costs more than several broad value rivals (VTV 0.03%, SCHV 0.04%, IUSV 0.04%). The extra buys the Russell index and the trading depth.
Holding roughly 900 names out of a 1,000-stock parent index, the value tilt is wide and mild, not a concentrated deep-value bet.ishares.com
Distributions land quarterly, and the amount rides on what the underlying companies pay.

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 IWD profile⁠

Full NIXT profile⁠

IWD vs NIXT Holdings

How IWD and NIXT differ

Overlap by weight

2.3%

Shared holdings make up 53.3% of NIXT and 2.3% of IWD.

Level by level

Holdings108 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 IWD and NIXT, widest gap first
Country	More in IWDMore in NIXT	IWD	NIXT
United States	NIXT +0.1 points	99.1%	99.2%
United Kingdom	NIXT +0.4 points	0.1%	0.5%
Switzerland	IWD +0.5 points	0.5%	0.0%
Belgium	NIXT +0.3 points	0.0%	0.3%
Mexico	IWD +0.1 points	0.1%	0.0%
Ireland	IWD +0.1 points	0.1%	0.0%
Canada	Same weight	0.0%	0.0%
Brazil	Same weight	0.0%	0.0%
Other countries (3)	IWD +0.1 points	0.1%	0.0%

Concentration

Weight in the 10 largest Holdings

IWD29.3%
NIXT11.0%

Securities held

IWD871
NIXT203

Asset class

IWD: Equity
NIXT: Equity

Holdings

Only in IWD763
In both108
Only in NIXT95

Only in IWD

763 securities, 97.4% of IWD by weight

Apple6.03%
Amazon.com Inc5.64%
Microsoft5.12%
Berkshire Hathaway Inc Class B2.67%
JPMorgan Chase & Co2.38%
Exxonmobil Holdings Corp2.04%
Johnson & Johnson1.74%
Walmart1.31%
AbbVie1.27%
Chevron1.15%
Cisco Systems Inc1.09%
Procter & Gamble0.99%
Merck & Co Inc0.98%
UnitedHealth Group0.97%
Philip Morris International0.86%
Coca-Cola0.85%
Bank of America0.80%
Intel Corporation0.79%
Rtx0.71%
Thermo Fisher Scientific0.68%
Goldman Sachs Group0.68%
Costco Wholesale Corp0.67%
Wells Fargo0.67%
Meta Platforms Class A0.65%
International Business Machines Co0.64%
Linde PLC0.63%
Gilead Sciences0.56%
Morgan Stanley0.55%
Walt Disney0.51%
Analog Devices0.50%
Conocophillips0.50%
Verizon Communications Inc0.49%
Abbott Laboratories0.49%
Mcdonalds Corp0.48%
Salesforce0.48%
BlackRock0.46%
Nextera Energy0.46%
Qualcomm0.46%
Pfizer0.46%
Citigroup0.46%
Welltower0.45%
Union Pacific0.44%
Deere0.44%
Pepsico0.44%
Accenture PLC Class A0.42%
Danaher0.39%
AT&T0.38%
Vertex Pharmaceuticals0.38%
S&P Global0.36%
Progressive0.36%

Only in NIXT

95 securities, 46.7% of NIXT by weight

Qualys Inc1.11%
Tenable Holdings Inc1.06%
Insight Enterprises Inc1.02%
Maravai LifeSciences Holdings Inc0.91%
Abercrombie & Fitch Co0.83%
Everforth Inc0.79%
PBF Energy Inc0.77%
Kohl's Corp0.76%
Commvault Systems 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%
Gartner Inc0.67%
Bumble Inc0.63%
CCC Intelligent Solutions Holdings Inc0.63%
SPS Commerce Inc0.63%
CorVel Corp0.62%
Ashland Inc0.62%
Coty Inc0.62%
TriNet Group Inc0.62%
GoDaddy Inc0.58%
Waystar Holding Corp0.58%
Highwoods Properties Inc0.56%
DXC Technology Co0.56%
Concentrix Corp0.56%
Synaptics Inc0.55%
Nomad Foods Ltd0.55%
Harley-Davidson Inc0.55%
Helen of Troy Ltd0.55%
Newell Brands Inc0.55%
Teradata Corp0.55%
NCR Voyix Corp0.55%
Merit Medical Systems Inc0.55%
ACI Worldwide Inc0.55%
Erie Indemnity Co0.53%
Frontdoor Inc0.53%
Integra LifeSciences Holdings Corp0.53%
Bread Financial Holdings Inc0.53%
Inspire Medical Systems Inc0.53%
SL Green Realty Corp0.51%
Exponent Inc0.51%
Acadia Healthcare Co Inc0.51%
Ziff Davis Inc0.51%
Badger Meter Inc0.51%
Vir Biotechnology Inc0.49%
Immunovant Inc0.47%
ADMA Biologics Inc0.47%

Weight gaps

The 100 widest of 108 Holdings in both funds.

Holding weights in IWD and NIXT, widest gap first
Holding	More in IWDMore in NIXT	IWD	NIXT
ModernaMRNA	NIXT +1.88 points	0.21%	2.09%
Okta Class AOKTA	NIXT +1.12 points	0.09%	1.21%
Charles River Laboratories InternaCRL	NIXT +0.88 points	0.05%	0.93%
Paycom SoftwarePAYC	NIXT +0.87 points	0.03%	0.90%
Ringcentral Class ARNG	NIXT +0.87 points	0.01%	0.88%
Skyworks SolutionsSWKS	NIXT +0.86 points	0.05%	0.91%
AvantorAVTR	NIXT +0.83 points	0.03%	0.86%
RevvityRVTY	NIXT +0.74 points	0.05%	0.79%
DocusignDOCU	NIXT +0.73 points	0.04%	0.77%
Robert HalfRHI	NIXT +0.71 points	0.01%	0.72%
H&R Block IncHRB	NIXT +0.69 points	0.01%	0.70%
Nutanix Class ANTNX	NIXT +0.65 points	0.05%	0.70%
Best BuyBBY	NIXT +0.64 points	0.05%	0.69%
Science Applications InternationalSAIC	NIXT +0.63 points	0.02%	0.65%
Zebra Technologies Corp Class AZBRA	NIXT +0.62 points	0.05%	0.67%
EtsyETSY	NIXT +0.61 points	0.01%	0.62%
Carmax IncKMX	NIXT +0.60 points	0.02%	0.62%
Factset Research SystemsFDS	NIXT +0.59 points	0.03%	0.62%
Bio Rad Laboratories Class ABIO	NIXT +0.56 points	0.02%	0.58%
Bill HoldingsBILL	NIXT +0.55 points	0.01%	0.56%
Equitable HoldingsEQH	NIXT +0.54 points	0.02%	0.56%
Baxter InternationalBAX	NIXT +0.53 points	0.03%	0.56%
TrexTREX	NIXT +0.54 points	0.01%	0.55%
Jm SmuckerSJM	NIXT +0.52 points	0.04%	0.56%
Lamb Weston HoldingsLW	NIXT +0.53 points	0.02%	0.55%
Stanley Black & DeckerSWK	NIXT +0.52 points	0.04%	0.56%
Corebridge Financial IncCRBG	NIXT +0.53 points	0.02%	0.55%
Bentley Systems Class BBSY	NIXT +0.52 points	0.01%	0.53%
MacysM	NIXT +0.51 points	0.02%	0.53%
Epam SystemsEPAM	NIXT +0.51 points	0.02%	0.53%
Americold Realty Inc TrustCOLD	NIXT +0.50 points	0.01%	0.51%
Sotera Health CompanySHC	NIXT +0.50 points	0.01%	0.51%
HasbroHAS	NIXT +0.50 points	0.03%	0.53%
Guidewire SoftwareGWRE	NIXT +0.49 points	0.02%	0.51%
ViatrisVTRS	NIXT +0.49 points	0.06%	0.55%
Iridium CommunicationsIRDM	NIXT +0.48 points	<0.01%	0.49%
Bath and Body WorksBBWI	NIXT +0.48 points	0.01%	0.49%
Reynolds Consumer Products IncREYN	NIXT +0.47 points	<0.01%	0.47%
Brown Forman Class BBF.B	NIXT +0.46 points	0.01%	0.47%
Kilroy Realty ReitKRC	NIXT +0.46 points	0.01%	0.47%
TeleflexTFX	NIXT +0.45 points	0.02%	0.47%
HubspotHUBS	NIXT +0.46 points	<0.01%	0.46%
Columbia SportswearCOLM	NIXT +0.46 points	<0.01%	0.46%
Booz Allen Hamilton Holding ClassBAH	NIXT +0.45 points	0.02%	0.47%
Franklin TempletonBEN	NIXT +0.45 points	0.02%	0.47%
Tyler TechnologiesTYL	NIXT +0.45 points	0.04%	0.49%
Match Group IncMTCH	NIXT +0.44 points	0.03%	0.47%
Yeti HoldingsYETI	NIXT +0.45 points	<0.01%	0.46%
OrganonOGN	NIXT +0.45 points	<0.01%	0.46%
Campbell SoupCPB	NIXT +0.45 points	0.01%	0.46%
Mattel IncMAT	NIXT +0.45 points	0.01%	0.46%
Biomarin PharmaceuticalBMRN	NIXT +0.44 points	0.03%	0.47%
Siriusxm HoldingsSIRI	NIXT +0.45 points	0.01%	0.46%
Avery Dennison CorpAVY	NIXT +0.43 points	0.04%	0.47%
TransunionTRU	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%
Marketaxess HoldingsMKTX	NIXT +0.42 points	0.02%	0.44%
Alexandria Real Estate Equities ReARE	NIXT +0.42 points	0.02%	0.44%
Graphic Packaging HoldingGPK	NIXT +0.41 points	<0.01%	0.42%
Scotts Miracle GroSMG	NIXT +0.41 points	<0.01%	0.42%
FreshpetFRPT	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%
Carlisle CompaniesCSL	NIXT +0.40 points	0.04%	0.44%
Conagra BrandsCAG	NIXT +0.40 points	0.02%	0.42%
ValvolineVVV	NIXT +0.40 points	<0.01%	0.40%
PoolPOOL	NIXT +0.40 points	0.02%	0.42%
Pinterest Class APINS	NIXT +0.40 points	0.02%	0.42%
Universal Display CorpOLED	NIXT +0.39 points	<0.01%	0.40%
Brunswick CorpBC	NIXT +0.39 points	0.01%	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%
Grand Canyon Education IncLOPE	NIXT +0.38 points	<0.01%	0.39%
Viking TherapeuticsVKTX	NIXT +0.38 points	<0.01%	0.39%
Thor IndustriesTHO	NIXT +0.38 points	<0.01%	0.39%
Envista HoldingsNVST	NIXT +0.38 points	0.01%	0.39%
Udr ReitUDR	NIXT +0.37 points	0.03%	0.40%
CooperCOO	NIXT +0.37 points	0.03%	0.40%
Eastman ChemicalEMN	NIXT +0.37 points	0.02%	0.39%
Dominos PizzaDPZ	NIXT +0.36 points	0.03%	0.39%
CloroxCLX	NIXT +0.36 points	0.03%	0.39%
Mccormick & Co Non-VotingMKC	NIXT +0.36 points	0.03%	0.39%
Ally Financial IncALLY	NIXT +0.34 points	0.03%	0.37%
Costar GroupCSGP	NIXT +0.34 points	0.03%	0.37%
Akamai Technologies IncAKAM	NIXT +0.33 points	0.04%	0.37%
Builders Firstsource IncBLDR	NIXT +0.33 points	0.02%	0.35%
Willscot Holdings Class AWSC	NIXT +0.32 points	<0.01%	0.33%
Enphase EnergyENPH	NIXT +0.32 points	<0.01%	0.33%
Slm CorpSLM	NIXT +0.32 points	<0.01%	0.33%
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 +0.31 points	0.01%	0.32%
Bright Horizons Family SolutionsBFAM	NIXT +0.29 points	<0.01%	0.30%
Celanese CorpCE	NIXT +0.29 points	0.01%	0.30%
Liberty Global Ltd Class ALBTYA	NIXT +0.28 points	<0.01%	0.28%
Western UnionWU	NIXT +0.28 points	<0.01%	0.28%

All 871 IWD 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.

IWD vs NIXT Cost

Overpaying NIXT vs IWD

$2,203

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

IWD 0.18%
$3,749
NIXT 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

IWD 0.18%
NIXT 0.29%
Overpaying

Year by year

Year	IWD	NIXT	Overpaying
10	$328	$527	$199
20	$1,281	$2,044	$763
30	$3,749	$5,952	$2,203

Expense ratio

0.18%IWD, cheaper
0.29%NIXT

IWD0.18%NIXT0.29%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IWD 16th cheapest of 40 funds

NIXT 26th cheapest of 40 funds

IWD vs NIXT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IWD 1.37%, better; NIXT 1.19%
Payout (12M): IWD $3.53; NIXT $0.42
Last payment: IWD $0.93; NIXT $0.09
Ex-dividend: IWD Sep 15, 2026; NIXT Sep 28, 2026
Paid on: IWD Sep 18, 2026; NIXT Sep 30, 2026
Frequency: IWD Quarterly; NIXT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IWDQuarterly · 39 paymentsAll IWD payments⁠

NIXTQuarterly · 8 paymentsAll NIXT payments⁠

IWD vs NIXT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: IWD 12.1%NIXT 17.3%since Oct 2024
Return per unit of riskSharpe ratio, 3 years: IWD 1.42NIXT 0.77since Oct 2024
Worst fallMax drawdown, 5 years: IWD −19.0%NIXT −27.7%since Sep 2024
Market sensitivityBeta, 5 years: IWD 0.85NIXT 1.06; Market = 1

IWD and NIXT in the news

All news⁠

Filings Digest
TACK holders vote Dec. 10 on the move to Amplify
4 hours agoNIXT
Best ETFs
Best value ETFs: Vanguard's 0.03% fund, unless you want Russell's list
Updated Nov 2, 2026IWD
Head-to-Head
IWD vs VBR: a lower fee does not buy the other value portfolio
12 hours agoIWD
Filings Digest
Two Research Affiliates ETFs will charge more, and Anthropic funds are effective but not trading
Oct 28, 2026NIXT
Category Review
U.S. value funds beat the S&P 500 over the past year, but the funds did not move together
Updated Oct 21, 2026IWD
New ETFs
Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IWD

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IWD vs NIXT

In short

Stated mandate

Why people hold it