NIXT vs. TMVE
NIXT (Research Affiliates Deletions ETF) and TMVE (Thrivent Mid Cap Value ETF) are both Mid Cap Value Equities funds - NIXT tracks the Research Affiliates Deletions Index while TMVE tracks the Actively Managed. Both are passively managed. Their 0.70 correlation means they have sometimes moved together and sometimes differently. NIXT charges 0.09%/yr vs 0.55%/yr for TMVE.
Performance
NIXT vs. TMVE - Performance Comparison
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Returns By Period
In the year-to-date period, NIXT achieves a 26.32% return, which is significantly higher than TMVE's 17.86% return.
NIXT
- 1D
- -1.21%
- 1M
- 0.57%
- 6M
- 22.44%
- YTD
- 26.32%
- 1Y
- 38.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.91%
TMVE
- 1D
- 0.02%
- 1M
- -0.42%
- 6M
- 12.51%
- YTD
- 17.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $59.15K | $60.52K | $64.01K | |
| $149.11K | $96.01K | $541.62K |
NIXT vs. TMVE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NIXT Research Affiliates Deletions ETF | 26.32% | 6.00% |
TMVE Thrivent Mid Cap Value ETF | 17.86% | 6.04% |
Correlation
The correlation between NIXT and TMVE is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025 | 0.70 |
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Return for Risk
NIXT vs. TMVE — Risk / Return Rank
NIXT
TMVE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
NIXT vs. TMVE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Research Affiliates Deletions ETF (NIXT) and Thrivent Mid Cap Value ETF (TMVE). 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 | TMVE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | — | — |
| Martin ratioReturn relative to average drawdown | 12.03 | — | — |
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Drawdowns
NIXT vs. TMVE - Drawdown Comparison
The maximum NIXT drawdown since its inception was -27.75%, which is greater than TMVE's maximum drawdown of -8.21%. Use the drawdown chart below to compare losses from any high point for NIXT and TMVE.
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Drawdown Indicators
| NIXT | TMVE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.75% | -8.21% | -19.54% |
Max Drawdown (1Y)Largest decline over 1 year | -11.71% | — | — |
Current DrawdownCurrent decline from peak | -2.04% | -1.29% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -1.36% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.00% | — | — |
Volatility
NIXT vs. TMVE - Volatility Comparison
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Volatility by Period
| NIXT | TMVE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.94% | 13.21% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 13.21% | +9.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.97% | 13.21% | +9.76% |
NIXT vs. TMVE - Expense Ratio Comparison
NIXT has a 0.09% expense ratio, which is lower than TMVE's 0.55% expense ratio.
Dividends
NIXT vs. TMVE - Dividend Comparison
NIXT's dividend yield for the trailing twelve months is around 1.30%, more than TMVE's 0.10% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 1.30% | 1.64% | 1.39% |
TMVE Thrivent Mid Cap Value ETF | 0.10% | 0.12% | 0.00% |
Frequently Asked Questions
NIXT and TMVE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NIXT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NIXT is cheaper with a 0.09% expense ratio, compared with 0.55% for TMVE.
NIXT has the higher dividend yield at 1.30%, compared with 0.10% for TMVE.
NIXT tracks Research Affiliates Deletions Index, while TMVE tracks Actively Managed. They also come from different issuers: Alpha Architect and Thrivent. Their fees differ too: 0.09% for NIXT and 0.55% for TMVE.
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