NIXT vs. LX
NIXT (Research Affiliates Deletions ETF) is Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index, while LX (LexinFintech Holdings Ltd.) is a stock. Over the past year, NIXT returned 32.03% vs -74.26% for LX. At a 0.28 correlation, their price movements are largely independent.
Performance
NIXT vs. LX - Performance Comparison
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Returns By Period
In the year-to-date period, NIXT achieves a 25.89% return, which is significantly higher than LX's -51.73% return.
NIXT
- 1D
- -0.76%
- 1M
- 6.45%
- 6M
- 20.40%
- YTD
- 25.89%
- 1Y
- 32.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.03%
LX
- 1D
- -5.84%
- 1M
- -27.50%
- 6M
- -47.38%
- YTD
- -51.73%
- 1Y
- -74.26%
- 3Y*
- -8.07%
- 5Y*
- -28.17%
- 10Y*
- —
- ALL TIME*
- 6.18%
NIXT vs. LX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 25.89% | 4.94% | 4.60% |
LX LexinFintech Holdings Ltd. | -51.73% | -40.97% | 253.91% |
Correlation
The correlation between NIXT and LX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024 | 0.28 |
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Return for Risk
NIXT vs. LX — Risk / Return Rank
NIXT
LX
NIXT vs. LX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and LexinFintech Holdings Ltd. (LX). 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 | LX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.69 | ||
| Sortino ratioReturn per unit of downside risk | +4.68 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.71 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.95 | +3.70 |
| Martin ratioReturn relative to average drawdown | 9.32 | -1.38 | +10.69 |
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Drawdowns
NIXT vs. LX - Drawdown Comparison
The maximum NIXT drawdown since its inception was -27.75%, smaller than the maximum LX drawdown of -93.19%. Use the drawdown chart below to compare losses from any high point for NIXT and LX.
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Drawdown Indicators
| NIXT | LX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -93.19% | +65.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -78.22% | +66.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -85.64% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -86.72% | — |
Current DrawdownCurrent decline from peak | -1.29% | -89.66% | +88.37% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -63.60% | +57.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 53.88% | -50.43% |
Volatility
NIXT vs. LX - Volatility Comparison
The current volatility for Research Affiliates Deletions ETF (NIXT) is 5.19%, while LexinFintech Holdings Ltd. (LX) has a volatility of 15.73%. This indicates that NIXT experiences smaller price fluctuations and is considered to be less risky than LX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIXT | LX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 15.73% | -10.54% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 39.00% | -24.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 64.28% | -43.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 73.45% | -50.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 321.36% | -298.34% |
Dividends
NIXT vs. LX - Dividend Comparison
NIXT's dividend yield for the trailing twelve months is around 1.30%, less than LX's 26.34% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
LX LexinFintech Holdings Ltd. | 26.34% | 9.30% | 2.38% | 11.85% |
NIXT Research Affiliates Deletions ETF | 1.30% | 1.64% | 1.39% | 0.00% |
Frequently Asked Questions
NIXT and LX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LX has higher volatility (15.73%) compared to NIXT (5.19%). In terms of maximum drawdown, NIXT dropped -27.75% vs LX's -93.19%.
NIXT currently has the higher Sharpe Ratio (1.53 vs -1.16), 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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