NIXT vs. PRFZ
Compare and contrast key facts about Research Affiliates Deletions ETF (NIXT) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).
NIXT and PRFZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NIXT is a passively managed fund by Research Affiliates that tracks the performance of the Research Affiliates Deletions Index. It was launched on Sep 9, 2024. PRFZ is a passively managed fund by Invesco that tracks the performance of the FTSE RAFI US 1500 Small-Mid Index. It was launched on Sep 20, 2006. Both NIXT and PRFZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
NIXT vs. PRFZ - Performance Comparison
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NIXT vs. PRFZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 4.31% | 4.94% | 4.89% |
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 0.18% | 11.26% | 7.10% |
Returns By Period
In the year-to-date period, NIXT achieves a 4.31% return, which is significantly higher than PRFZ's 0.18% return.
NIXT
- 1D
- 3.90%
- 1M
- -3.26%
- YTD
- 4.31%
- 6M
- 6.14%
- 1Y
- 20.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PRFZ
- 1D
- 3.16%
- 1M
- -5.16%
- YTD
- 0.18%
- 6M
- 1.47%
- 1Y
- 22.36%
- 3Y*
- 13.14%
- 5Y*
- 6.39%
- 10Y*
- 10.68%
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NIXT vs. PRFZ - Expense Ratio Comparison
NIXT has a 0.09% expense ratio, which is lower than PRFZ's 0.39% expense ratio.
Return for Risk
NIXT vs. PRFZ — Risk / Return Rank
NIXT
PRFZ
NIXT vs. PRFZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ). 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.
| NIXT | PRFZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 1.00 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.30 | 1.53 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.59 | -0.31 |
Martin ratioReturn relative to average drawdown | 4.64 | 6.02 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NIXT | PRFZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 1.00 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.38 | +0.01 |
Correlation
The correlation between NIXT and PRFZ is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NIXT vs. PRFZ - Dividend Comparison
NIXT's dividend yield for the trailing twelve months is around 1.53%, more than PRFZ's 0.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 1.53% | 1.64% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF | 0.95% | 0.82% | 1.45% | 1.42% | 1.33% | 0.93% | 0.91% | 1.29% | 1.37% | 0.97% | 1.31% | 1.39% |
Drawdowns
NIXT vs. PRFZ - Drawdown Comparison
The maximum NIXT drawdown since its inception was -27.75%, smaller than the maximum PRFZ drawdown of -62.41%. Use the drawdown chart below to compare losses from any high point for NIXT and PRFZ.
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Drawdown Indicators
| NIXT | PRFZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -62.41% | +34.66% |
Max Drawdown (1Y)Largest decline over 1 year | -15.77% | -13.87% | -1.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.28% | — |
Current DrawdownCurrent decline from peak | -4.07% | -7.55% | +3.48% |
Average DrawdownAverage peak-to-trough decline | -6.43% | -9.49% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.36% | 3.67% | +0.69% |
Volatility
NIXT vs. PRFZ - Volatility Comparison
Research Affiliates Deletions ETF (NIXT) has a higher volatility of 7.53% compared to Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ) at 6.88%. This indicates that NIXT's price experiences larger fluctuations and is considered to be riskier than PRFZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIXT | PRFZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.88% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.56% | 13.55% | +2.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.04% | 22.39% | +3.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.78% | 21.38% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 22.44% | +1.34% |