NIXT vs. EQRR
NIXT (Research Affiliates Deletions ETF) and EQRR (ProShares Equities for Rising Rates ETF) are both Mid Cap Value Equities funds - NIXT tracks the Research Affiliates Deletions Index while EQRR tracks the Nasdaq US Large Cap Equity Rising Rates Index. Both are passively managed. Over the past year, NIXT returned 38.98% vs 40.33% for EQRR. Their 0.64 correlation means they have sometimes moved together and sometimes differently. NIXT charges 0.09%/yr vs 0.35%/yr for EQRR.
Performance
NIXT vs. EQRR - Performance Comparison
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Returns By Period
In the year-to-date period, NIXT achieves a 26.32% return, which is significantly lower than EQRR's 29.00% return.
NIXT
- 1D
- -1.21%
- 1M
- 0.57%
- 6M
- 22.44%
- YTD
- 26.32%
- 1Y
- 38.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.91%
EQRR
- 1D
- 1.75%
- 1M
- 4.41%
- 6M
- 23.60%
- YTD
- 29.00%
- 1Y
- 40.33%
- 3Y*
- 17.69%
- 5Y*
- 13.84%
- 10Y*
- —
- ALL TIME*
- 10.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $235.70K | $533.46K | $2.90M | |
| $59.15K | $60.52K | $64.01K |
NIXT vs. EQRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 26.32% | 4.94% | 4.60% |
EQRR ProShares Equities for Rising Rates ETF | 29.00% | 15.49% | 1.19% |
Correlation
The correlation between NIXT and EQRR is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024 | 0.64 |
The correlation between NIXT and EQRR has been stable across timeframes, ranging from 0.60 to 0.64 - a consistent structural relationship.
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Return for Risk
NIXT vs. EQRR — Risk / Return Rank
NIXT
EQRR
NIXT vs. EQRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and ProShares Equities for Rising Rates ETF (EQRR). 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 | EQRR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.46 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 7.73 | -4.66 |
| Martin ratioReturn relative to average drawdown | 12.03 | 26.43 | -14.41 |
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Drawdowns
NIXT vs. EQRR - Drawdown Comparison
The maximum NIXT drawdown since its inception was -27.75%, smaller than the maximum EQRR drawdown of -57.93%. Use the drawdown chart below to compare losses from any high point for NIXT and EQRR.
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Drawdown Indicators
| NIXT | EQRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -57.93% | +30.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -4.95% | -6.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.75% | — |
Current DrawdownCurrent decline from peak | -2.04% | 0.00% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -9.93% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | 1.45% | +1.55% |
Volatility
NIXT vs. EQRR - Volatility Comparison
Research Affiliates Deletions ETF (NIXT) has a higher volatility of 5.29% compared to ProShares Equities for Rising Rates ETF (EQRR) at 3.47%. This indicates that NIXT's price experiences larger fluctuations and is considered to be riskier than EQRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIXT | EQRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 3.47% | +1.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | 11.86% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.94% | 14.98% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 21.22% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.97% | 24.77% | -1.80% |
NIXT vs. EQRR - Expense Ratio Comparison
NIXT has a 0.09% expense ratio, which is lower than EQRR's 0.35% expense ratio.
Dividends
NIXT vs. EQRR - Dividend Comparison
NIXT's dividend yield for the trailing twelve months is around 1.30%, more than EQRR's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EQRR ProShares Equities for Rising Rates ETF | 1.07% | 1.70% | 2.17% | 2.77% | 2.34% | 1.71% | 2.17% | 2.05% | 2.47% | 0.69% |
NIXT Research Affiliates Deletions ETF | 1.30% | 1.64% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NIXT and EQRR have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NIXT has higher volatility (5.29%) compared to EQRR (3.47%). In terms of maximum drawdown, NIXT dropped -27.75% vs EQRR's -57.93%.
On 1-year performance, EQRR leads with 40.33% vs 38.98% for NIXT. On fees, NIXT is cheaper at 0.09% per year. On volatility, EQRR has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EQRR has performed better with a 40.33% return vs 38.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NIXT is cheaper with a 0.09% expense ratio, compared with 0.35% for EQRR.
NIXT has the higher dividend yield at 1.30%, compared with 1.07% for EQRR.
NIXT tracks Research Affiliates Deletions Index, while EQRR tracks Nasdaq US Large Cap Equity Rising Rates Index. They also come from different issuers: Alpha Architect and ProShares. Their fees differ too: 0.09% for NIXT and 0.35% for EQRR.
EQRR currently has the higher Sharpe Ratio (2.56 vs 1.73), 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.
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