AUSF vs. NIXT

Last updated Apr 1, 2026

Compare and contrast key facts about Global X Adaptive U.S. Factor ETF (AUSF) and Research Affiliates Deletions ETF (NIXT).

AUSF and NIXT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AUSF is a passively managed fund by Global X that tracks the performance of the Adaptive Wealth Strategies U.S. Factor Index. It was launched on Aug 24, 2018. NIXT is a passively managed fund by Research Affiliates that tracks the performance of the Research Affiliates Deletions Index. It was launched on Sep 9, 2024. Both AUSF and NIXT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AUSF vs. NIXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Adaptive U.S. Factor ETF (AUSF) and Research Affiliates Deletions ETF (NIXT). The values are adjusted to include any dividend payments, if applicable.

AUSF vs. NIXT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AUSF Global X Adaptive U.S. Factor ETF	4.93%	13.69%	2.64%
NIXT Research Affiliates Deletions ETF	4.31%	4.94%	4.89%

Returns By Period

In the year-to-date period, AUSF achieves a 4.93% return, which is significantly higher than NIXT's 4.31% return.

AUSF

• 1D: 1.17%
• 1M: -3.55%
• YTD: 4.93%
• 6M: 5.58%
• 1Y: 14.03%
• 3Y*: 19.98%
• 5Y*: 13.81%
• 10Y*: —

NIXT

• 1D: 3.90%
• 1M: -3.26%
• YTD: 4.31%
• 6M: 6.14%
• 1Y: 20.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUSF vs. NIXT - Expense Ratio Comparison

AUSF has a 0.27% expense ratio, which is higher than NIXT's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

AUSF

Global X Adaptive U.S. Factor ETF

NIXT

Research Affiliates Deletions ETF

Return for Risk

AUSF vs. NIXT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUSF

AUSF Risk / Return Rank: 59
AUSF Sharpe Ratio Rank: 58
AUSF Sortino Ratio Rank: 56
AUSF Omega Ratio Rank: 57
AUSF Calmar Ratio Rank: 58
AUSF Martin Ratio Rank: 64

NIXT

NIXT Risk / Return Rank: 47
NIXT Sharpe Ratio Rank: 44
NIXT Sortino Ratio Rank: 49
NIXT Omega Ratio Rank: 42
NIXT Calmar Ratio Rank: 50
NIXT Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUSF vs. NIXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Adaptive U.S. Factor ETF (AUSF) and Research Affiliates Deletions ETF (NIXT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AUSF	NIXT	Difference
Sharpe ratio Return per unit of total volatility	0.98	0.80	+0.18
Sortino ratio Return per unit of downside risk	1.40	1.30	+0.10
Omega ratio Gain probability vs. loss probability	1.20	1.17	+0.04
Calmar ratio Return relative to maximum drawdown	1.40	1.28	+0.11
Martin ratio Return relative to average drawdown	6.04	4.64	+1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUSF vs. NIXT - Sharpe Ratio Comparison

The current AUSF Sharpe Ratio is 0.98, which is comparable to the NIXT Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of AUSF and NIXT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AUSF	NIXT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.98	0.80	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.39	+0.25

Correlation

The correlation between AUSF and NIXT is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

AUSF vs. NIXT - Dividend Comparison

AUSF's dividend yield for the trailing twelve months is around 2.71%, more than NIXT's 1.53% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
AUSF Global X Adaptive U.S. Factor ETF	2.71%	2.78%	2.63%	1.83%	2.51%	2.22%	2.95%	4.02%	1.46%
NIXT Research Affiliates Deletions ETF	1.53%	1.64%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

AUSF vs. NIXT - Drawdown Comparison

The maximum AUSF drawdown since its inception was -44.25%, which is greater than NIXT's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for AUSF and NIXT.

Drawdown Indicators

	AUSF	NIXT	Difference
Max Drawdown Largest peak-to-trough decline	-44.25%	-27.75%	-16.50%
Max Drawdown (1Y) Largest decline over 1 year	-10.84%	-15.77%	+4.93%
Max Drawdown (5Y) Largest decline over 5 years	-14.23%	—	—
Current Drawdown Current decline from peak	-3.90%	-4.07%	+0.17%
Average Drawdown Average peak-to-trough decline	-4.26%	-6.43%	+2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	4.36%	-1.85%

Volatility

AUSF vs. NIXT - Volatility Comparison

The current volatility for Global X Adaptive U.S. Factor ETF (AUSF) is 3.22%, while Research Affiliates Deletions ETF (NIXT) has a volatility of 7.53%. This indicates that AUSF experiences smaller price fluctuations and is considered to be less risky than NIXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUSF	NIXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	7.53%	-4.31%
Volatility (6M) Calculated over the trailing 6-month period	7.44%	15.56%	-8.12%
Volatility (1Y) Calculated over the trailing 1-year period	14.41%	26.04%	-11.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	23.78%	-10.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	23.78%	-4.53%