- CUSIP
- 02072L227
- Issuer
- Research Affiliates
- Inception Date
- Sep 9, 2024
- Category
- Mid Cap Value Equities
- Index Tracked
- Research Affiliates Deletions Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $34M
Share Price Chart
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Performance
NIXT Performance Chart
Research Affiliates Deletions ETF (NIXT) is up 16.6% since the beginning of the year. NIXT is currently trading at $31 per share.
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Returns By Period
Research Affiliates Deletions ETF (NIXT) has returned 16.63% so far this year and 30.90% over the past 12 months.
Research Affiliates Deletions ETF
- 1D
- -1.39%
- 1M
- -1.77%
- YTD
- 16.63%
- 6M
- 14.18%
- 1Y
- 30.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NIXT Monthly Returns History
Based on dividend-adjusted daily data since Sep 10, 2024, NIXT's average daily return is +0.07%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +11.2%, while the worst month was Mar 2025 at -7.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, NIXT closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +9.9%, while the worst single day was Apr 3, 2025 at -7.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.17% | 4.51% | -3.26% | 11.20% | 3.44% | -2.80% | 16.63% | ||||||
| 2025 | 3.24% | -5.56% | -7.00% | -4.02% | 5.31% | 4.79% | 1.58% | 5.58% | 0.12% | -0.95% | 2.30% | 0.42% | 4.94% |
| 2024 | 6.37% | -2.57% | 8.31% | -6.81% | 4.60% |
Benchmark Metrics
Research Affiliates Deletions ETF has an annualized alpha of -4.84%, beta of 1.14, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since September 10, 2024.
- This ETF participated in 137.98% of S&P 500 Index downside but only 105.86% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -4.84% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.14 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -4.84%
- Beta
- 1.14
- R²
- 0.66
- Upside Capture
- 105.86%
- Downside Capture
- 137.98%
Expense Ratio
NIXT has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
NIXT ranks 47 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NIXT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.78 | -0.13 |
| Martin ratioReturn relative to average drawdown | 8.95 | 12.44 | -3.49 |
Dividends
Dividend History
Research Affiliates Deletions ETF provided a 1.37% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.42 | $0.43 | $0.36 |
Dividend yield | 1.37% | 1.64% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for Research Affiliates Deletions ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.43 |
| 2024 | $0.36 | $0.36 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Research Affiliates Deletions ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Research Affiliates Deletions ETF was 27.75%, occurring on Apr 8, 2025. Recovery took 170 trading sessions.
The current Research Affiliates Deletions ETF drawdown is 3.74%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -27.75%Apr 2025 | 4mo 27d | 8mo 6d | 1y 28dNov 2024 - Dec 2025 |
2026 pullback2026 | -7.68%Mar 2026 | 27d | 9d | 1mo 6dMar 2026 - Apr 2026 |
2026 pullback2026 | -5.18%May 2026 | 28d | 8d | 1mo 6dApr 2026 - May 2026 |
2025 pullback2025 | -3.99%Dec 2025 | 19d | 6d | 25dDec 2025 - Jan 2026 |
2024 pullback2024 | -3.85%Oct 2024 | 10d | 6d | 16dOct 2024 - Nov 2024 |
Drawdown Indicators
| NIXT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -56.78% | +29.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -9.10% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.74% | -1.80% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -5.85% | -10.71% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 2.03% | +1.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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