DDIV vs. NIXT
Compare and contrast key facts about First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and Research Affiliates Deletions ETF (NIXT).
DDIV and NIXT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDIV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It was launched on Mar 10, 2014. 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 DDIV 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
DDIV vs. NIXT - Performance Comparison
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DDIV vs. NIXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | -2.41% | 12.23% | 9.46% |
NIXT Research Affiliates Deletions ETF | 4.31% | 4.94% | 4.89% |
Returns By Period
In the year-to-date period, DDIV achieves a -2.41% return, which is significantly lower than NIXT's 4.31% return.
DDIV
- 1D
- 3.23%
- 1M
- -5.19%
- YTD
- -2.41%
- 6M
- 1.54%
- 1Y
- 9.00%
- 3Y*
- 16.13%
- 5Y*
- 9.44%
- 10Y*
- 8.89%
NIXT
- 1D
- 3.90%
- 1M
- -3.26%
- YTD
- 4.31%
- 6M
- 6.14%
- 1Y
- 20.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DDIV vs. NIXT - Expense Ratio Comparison
DDIV has a 0.60% expense ratio, which is higher than NIXT's 0.09% expense ratio.
Return for Risk
DDIV vs. NIXT — Risk / Return Rank
DDIV
NIXT
DDIV vs. NIXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) 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.
| DDIV | NIXT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 0.80 | -0.34 |
Sortino ratioReturn per unit of downside risk | 0.74 | 1.30 | -0.57 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.17 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.28 | -0.62 |
Martin ratioReturn relative to average drawdown | 2.42 | 4.64 | -2.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DDIV | NIXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 0.80 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.39 | +0.04 |
Correlation
The correlation between DDIV and NIXT is 0.74, 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
DDIV vs. NIXT - Dividend Comparison
DDIV's dividend yield for the trailing twelve months is around 1.77%, more than NIXT's 1.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 1.77% | 1.94% | 2.22% | 3.18% | 3.60% | 2.43% | 2.63% | 2.93% | 3.27% |
NIXT Research Affiliates Deletions ETF | 1.53% | 1.64% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DDIV vs. NIXT - Drawdown Comparison
The maximum DDIV drawdown since its inception was -47.56%, which is greater than NIXT's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for DDIV and NIXT.
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Drawdown Indicators
| DDIV | NIXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.56% | -27.75% | -19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -15.77% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.56% | — | — |
Current DrawdownCurrent decline from peak | -8.44% | -4.07% | -4.37% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -6.43% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 4.36% | -0.27% |
Volatility
DDIV vs. NIXT - Volatility Comparison
The current volatility for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is 6.19%, while Research Affiliates Deletions ETF (NIXT) has a volatility of 7.53%. This indicates that DDIV 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.
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Volatility by Period
| DDIV | NIXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 7.53% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 15.56% | -3.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 26.04% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 23.78% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 23.78% | -3.89% |