NIXT vs. SCHA
NIXT (Research Affiliates Deletions ETF) and SCHA (Schwab U.S. Small-Cap ETF) are both exchange-traded funds - NIXT is a Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index, while SCHA is a Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index. Both are passively managed. Over the past year, NIXT returned 31.07% vs 36.31% for SCHA. Their correlation of 0.91 suggests significant overlap in exposure. NIXT charges 0.09%/yr vs 0.04%/yr for SCHA.
Performance
NIXT vs. SCHA - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NIXT having a 17.85% return and SCHA slightly lower at 17.78%.
NIXT
- 1D
- 0.30%
- 1M
- 0.86%
- YTD
- 17.85%
- 6M
- 17.13%
- 1Y
- 31.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHA
- 1D
- 0.93%
- 1M
- 0.12%
- YTD
- 17.78%
- 6M
- 16.92%
- 1Y
- 36.31%
- 3Y*
- 17.52%
- 5Y*
- 6.45%
- 10Y*
- 10.95%
NIXT vs. SCHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 17.85% | 4.94% | 4.89% |
SCHA Schwab U.S. Small-Cap ETF | 17.78% | 11.60% | 7.75% |
Correlation
The correlation between NIXT and SCHA is 0.89, 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 | 0.89 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | 0.91 |
The correlation between NIXT and SCHA has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
NIXT vs. SCHA — Risk / Return Rank
NIXT
SCHA
NIXT vs. SCHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and Schwab U.S. Small-Cap ETF (SCHA). 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 | SCHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 3.84 | -1.17 |
| Martin ratioReturn relative to average drawdown | 8.96 | 14.05 | -5.08 |
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 | SCHA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 2.00 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.57 | +0.13 |
Drawdowns
NIXT vs. SCHA - Drawdown Comparison
The maximum NIXT drawdown since its inception was -27.75%, smaller than the maximum SCHA drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for NIXT and SCHA.
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Drawdown Indicators
| NIXT | SCHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -42.41% | +14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | -9.50% | -2.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.41% | — |
Current DrawdownCurrent decline from peak | -2.73% | -2.50% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -5.94% | -7.58% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.48% | 2.59% | +0.89% |
Volatility
NIXT vs. SCHA - Volatility Comparison
The current volatility for Research Affiliates Deletions ETF (NIXT) is 5.00%, while Schwab U.S. Small-Cap ETF (SCHA) has a volatility of 5.79%. This indicates that NIXT experiences smaller price fluctuations and is considered to be less risky than SCHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NIXT | SCHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 5.79% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 13.28% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.26% | 18.31% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.28% | 21.98% | +1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 22.74% | +0.54% |
NIXT vs. SCHA - Expense Ratio Comparison
NIXT has a 0.09% expense ratio, which is higher than SCHA's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
NIXT vs. SCHA - Dividend Comparison
NIXT's dividend yield for the trailing twelve months is around 1.35%, more than SCHA's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 1.35% | 1.64% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHA Schwab U.S. Small-Cap ETF | 1.02% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
Frequently Asked Questions
NIXT and SCHA have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHA has higher volatility (5.79%) compared to NIXT (5.00%). In terms of maximum drawdown, NIXT dropped -27.75% vs SCHA's -42.41%.
On 1-year performance, SCHA leads with 36.31% vs 31.07% for NIXT. On fees, SCHA is cheaper at 0.04% per year. On volatility, NIXT has been the lower-risk option at 5.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHA has performed better with a 36.31% return vs 31.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHA is cheaper with a 0.04% expense ratio, compared with 0.09% for NIXT.
NIXT has the higher dividend yield at 1.35%, compared with 1.02% for SCHA.
NIXT is categorized as Mid Cap Value Equities, while SCHA is Small Cap Blend Equities. NIXT tracks Research Affiliates Deletions Index, while SCHA tracks Dow Jones U.S. Small-Cap Total Stock Market Index. They also come from different issuers: Research Affiliates and Charles Schwab. Their fees differ too: 0.09% for NIXT and 0.04% for SCHA.
SCHA currently has the higher Sharpe Ratio (2.00 vs 1.47), 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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