NIXT vs. MSFT
NIXT (Research Affiliates Deletions ETF) is Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index, while MSFT (Microsoft Corporation) is a stock. Over the past year, NIXT returned 32.03% vs -20.50% for MSFT. At a 0.31 correlation, their price movements are largely independent.
Performance
NIXT vs. MSFT - 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 MSFT's -16.45% return.
NIXT
- 1D
- -0.76%
- 1M
- 6.45%
- 6M
- 20.40%
- YTD
- 25.89%
- 1Y
- 32.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.03%
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
NIXT vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 25.89% | 4.94% | 4.60% |
MSFT Microsoft Corporation | -16.45% | 15.58% | 4.10% |
Correlation
The correlation between NIXT and MSFT is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024 | 0.31 |
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Return for Risk
NIXT vs. MSFT — Risk / Return Rank
NIXT
MSFT
NIXT vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +3.19 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.88 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.60 | +3.34 |
| Martin ratioReturn relative to average drawdown | 9.32 | -1.10 | +10.41 |
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Drawdowns
NIXT vs. MSFT - Drawdown Comparison
The maximum NIXT drawdown since its inception was -27.75%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for NIXT and MSFT.
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Drawdown Indicators
| NIXT | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -69.38% | +41.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -34.50% | +22.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | -1.29% | -25.32% | +24.03% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -21.80% | +16.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 18.74% | -15.29% |
Volatility
NIXT vs. MSFT - Volatility Comparison
The current volatility for Research Affiliates Deletions ETF (NIXT) is 5.19%, while Microsoft Corporation (MSFT) has a volatility of 10.25%. This indicates that NIXT experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIXT | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 10.25% | -5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 24.51% | -9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.09% | 27.52% | -6.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 27.07% | -4.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 27.15% | -4.13% |
Dividends
NIXT vs. MSFT - Dividend Comparison
NIXT's dividend yield for the trailing twelve months is around 1.30%, more than MSFT's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
NIXT and MSFT have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.25%) compared to NIXT (5.19%). In terms of maximum drawdown, NIXT dropped -27.75% vs MSFT's -69.38%.
NIXT currently has the higher Sharpe Ratio (1.53 vs -0.75), 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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