NIXT vs. AVUV

Last updated Jun 24, 2026

NIXT (Research Affiliates Deletions ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - NIXT is a Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. NIXT is passively managed, while AVUV is actively managed. Over the past year, NIXT returned 31.25% vs 38.38% for AVUV. Their correlation of 0.86 suggests significant overlap in exposure. NIXT charges 0.09%/yr vs 0.25%/yr for AVUV.

Performance

NIXT vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Research Affiliates Deletions ETF (NIXT) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NIXT achieves a 17.18% return, which is significantly lower than AVUV's 20.76% return.

NIXT

• 1D: 0.48%
• 1M: -1.30%
• YTD: 17.18%
• 6M: 15.80%
• 1Y: 31.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AVUV

• 1D: 0.00%
• 1M: 2.33%
• YTD: 20.76%
• 6M: 18.72%
• 1Y: 38.38%
• 3Y*: 20.03%
• 5Y*: 11.59%
• 10Y*: —

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

NIXT vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NIXT Research Affiliates Deletions ETF	17.18%	4.94%	4.60%
AVUV Avantis US Small Cap Value ETF	20.76%	7.44%	7.86%

Correlation

The correlation between NIXT and AVUV is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.86

The correlation between NIXT and AVUV has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.

Return for Risk

NIXT vs. AVUV — Risk / Return Rank

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

NIXT

NIXT Risk / Return Rank: 49
NIXT Sharpe Ratio Rank: 45
NIXT Sortino Ratio Rank: 47
NIXT Omega Ratio Rank: 41
NIXT Calmar Ratio Rank: 58
NIXT Martin Ratio Rank: 55

AVUV

AVUV Risk / Return Rank: 75
AVUV Sharpe Ratio Rank: 70
AVUV Sortino Ratio Rank: 73
AVUV Omega Ratio Rank: 65
AVUV Calmar Ratio Rank: 87
AVUV Martin Ratio Rank: 77

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.

NIXT vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and Avantis US Small Cap Value ETF (AVUV). 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.

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	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.19	-0.71
Sortino ratio: Return per unit of downside risk	2.19	3.13	-0.94
Omega ratio: Gain probability vs. loss probability	1.25	1.38	-0.13
Calmar ratio: Return relative to maximum drawdown	2.68	4.85	-2.17
Martin ratio: Return relative to average drawdown	9.03	14.37	-5.34

NIXT vs. AVUV - Sharpe Ratio Comparison

The current NIXT Sharpe Ratio is 1.48, which is lower than the AVUV Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of NIXT and AVUV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NIXT vs. AVUV - Drawdown Comparison

The maximum NIXT drawdown since its inception was -27.75%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for NIXT and AVUV.

Drawdown Indicators

	NIXT	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-27.75%	-49.42%	+21.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-7.95%	-3.76%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.79%	—
Current Drawdown Current decline from peak	-3.28%	-1.61%	-1.67%
Average Drawdown Average peak-to-trough decline	-5.84%	-7.89%	+2.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.68%	+0.79%

Volatility

NIXT vs. AVUV - Volatility Comparison

Research Affiliates Deletions ETF (NIXT) has a higher volatility of 5.33% compared to Avantis US Small Cap Value ETF (AVUV) at 4.28%. This indicates that NIXT's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIXT	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	4.28%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	11.39%	+3.03%
Volatility (1Y) Calculated over the trailing 1-year period	21.23%	17.63%	+3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.18%	22.65%	+0.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.18%	28.22%	-5.04%

NIXT vs. AVUV - Expense Ratio Comparison

NIXT has a 0.09% expense ratio, which is lower than AVUV's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NIXT vs. AVUV - Dividend Comparison

NIXT's dividend yield for the trailing twelve months is around 1.36%, less than AVUV's 1.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVUV Avantis US Small Cap Value ETF	1.63%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%
NIXT Research Affiliates Deletions ETF	1.36%	1.64%	1.39%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NIXT and AVUV in my portfolio?

NIXT and AVUV have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NIXT or AVUV?

NIXT has higher volatility (5.33%) compared to AVUV (4.28%). In terms of maximum drawdown, NIXT dropped -27.75% vs AVUV's -49.42%.

Which ETF is better, NIXT or AVUV?

On 1-year performance, AVUV leads with 38.38% vs 31.25% for NIXT. On fees, NIXT is cheaper at 0.09% per year. On volatility, AVUV has been the lower-risk option at 4.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NIXT or AVUV?

Over the 1-year period, AVUV has performed better with a 38.38% return vs 31.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NIXT or AVUV?

NIXT is cheaper with a 0.09% expense ratio, compared with 0.25% for AVUV.

Which ETF pays a higher dividend yield, NIXT or AVUV?

AVUV has the higher dividend yield at 1.63%, compared with 1.36% for NIXT.

What is the main difference between NIXT and AVUV?

NIXT is categorized as Mid Cap Value Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: Research Affiliates and Avantis. Their fees differ too: 0.09% for NIXT and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.19 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.