NIXT vs. EPMV

Last updated Jun 24, 2026

NIXT (Research Affiliates Deletions ETF) and EPMV (Harbor Mid Cap Value ETF) are both Mid Cap Value Equities funds. NIXT is passively managed, while EPMV is actively managed. Over the past year, NIXT returned 31.25% vs 27.69% for EPMV. Their correlation of 0.83 suggests significant overlap in exposure. NIXT charges 0.09%/yr vs 0.88%/yr for EPMV.

Performance

NIXT vs. EPMV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with NIXT having a 17.18% return and EPMV slightly higher at 18.03%.

NIXT

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

EPMV

• 1D: -0.90%
• 1M: 2.72%
• YTD: 18.03%
• 6M: 16.31%
• 1Y: 27.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NIXT vs. EPMV - Yearly Performance Comparison

	2026 (YTD)	2025
NIXT Research Affiliates Deletions ETF	17.18%	20.03%
EPMV Harbor Mid Cap Value ETF	18.03%	14.19%

Correlation

The correlation between NIXT and EPMV is 0.83, 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	0.83
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.83

The correlation between NIXT and EPMV has been stable across timeframes, ranging from 0.83 to 0.83 - a consistent structural relationship.

Return for Risk

NIXT vs. EPMV — 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

EPMV

EPMV Risk / Return Rank: 62
EPMV Sharpe Ratio Rank: 59
EPMV Sortino Ratio Rank: 64
EPMV Omega Ratio Rank: 56
EPMV Calmar Ratio Rank: 70
EPMV Martin Ratio Rank: 63

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. EPMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and Harbor Mid Cap Value ETF (EPMV). 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	EPMV	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.79	-0.31
Sortino ratio: Return per unit of downside risk	2.19	2.63	-0.44
Omega ratio: Gain probability vs. loss probability	1.25	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	2.68	3.17	-0.49
Martin ratio: Return relative to average drawdown	9.03	10.38	-1.35

NIXT vs. EPMV - Sharpe Ratio Comparison

The current NIXT Sharpe Ratio is 1.48, which is comparable to the EPMV Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of NIXT and EPMV, 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. EPMV - Drawdown Comparison

The maximum NIXT drawdown since its inception was -27.75%, which is greater than EPMV's maximum drawdown of -8.78%. Use the drawdown chart below to compare losses from any high point for NIXT and EPMV.

Drawdown Indicators

	NIXT	EPMV	Difference
Max Drawdown Largest peak-to-trough decline	-27.75%	-8.78%	-18.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-8.78%	-2.93%
Current Drawdown Current decline from peak	-3.28%	-1.40%	-1.88%
Average Drawdown Average peak-to-trough decline	-5.84%	-1.74%	-4.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	2.67%	+0.80%

Volatility

NIXT vs. EPMV - Volatility Comparison

Research Affiliates Deletions ETF (NIXT) has a higher volatility of 5.33% compared to Harbor Mid Cap Value ETF (EPMV) at 4.91%. This indicates that NIXT's price experiences larger fluctuations and is considered to be riskier than EPMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIXT	EPMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	4.91%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	14.42%	11.71%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	21.23%	15.53%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.18%	15.59%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.18%	15.59%	+7.59%

NIXT vs. EPMV - Expense Ratio Comparison

NIXT has a 0.09% expense ratio, which is lower than EPMV's 0.88% expense ratio.

Dividends

NIXT vs. EPMV - Dividend Comparison

NIXT's dividend yield for the trailing twelve months is around 1.36%, more than EPMV's 1.25% yield.

Position	TTM	2025	2024
EPMV Harbor Mid Cap Value ETF	1.25%	1.48%	0.00%
NIXT Research Affiliates Deletions ETF	1.36%	1.64%	1.39%

Frequently Asked Questions

Can I hold both NIXT and EPMV in my portfolio?

NIXT and EPMV have a correlation of 0.83, 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 EPMV?

NIXT has higher volatility (5.33%) compared to EPMV (4.91%). In terms of maximum drawdown, NIXT dropped -27.75% vs EPMV's -8.78%.

Which ETF is better, NIXT or EPMV?

On 1-year performance, NIXT leads with 31.25% vs 27.69% for EPMV. On fees, NIXT is cheaper at 0.09% per year. On volatility, EPMV has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NIXT or EPMV?

Over the 1-year period, NIXT has performed better with a 31.25% return vs 27.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NIXT or EPMV?

NIXT is cheaper with a 0.09% expense ratio, compared with 0.88% for EPMV.

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

NIXT has the higher dividend yield at 1.36%, compared with 1.25% for EPMV.

What is the main difference between NIXT and EPMV?

They also come from different issuers: Research Affiliates and Harbor. Their fees differ too: 0.09% for NIXT and 0.88% for EPMV.

Which has better risk-adjusted returns?

EPMV currently has the higher Sharpe Ratio (1.79 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.