SCHA vs. NIXT
SCHA (Schwab U.S. Small-Cap ETF) and NIXT (Research Affiliates Deletions ETF) are both exchange-traded funds - SCHA is a Small Cap Blend Equities fund tracking the Dow Jones U.S. Small-Cap Total Stock Market Index, while NIXT is a Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index. Both are passively managed. Over the past year, SCHA returned 36.31% vs 31.07% for NIXT. Their correlation of 0.91 suggests significant overlap in exposure. SCHA charges 0.04%/yr vs 0.09%/yr for NIXT.
Performance
SCHA vs. NIXT - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with SCHA having a 17.78% return and NIXT slightly higher at 17.85%.
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
- 1D
- 0.30%
- 1M
- 0.86%
- YTD
- 17.85%
- 6M
- 17.13%
- 1Y
- 31.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHA vs. NIXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SCHA Schwab U.S. Small-Cap ETF | 17.78% | 11.60% | 7.75% |
NIXT Research Affiliates Deletions ETF | 17.85% | 4.94% | 4.89% |
Correlation
The correlation between SCHA and NIXT 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 SCHA and NIXT has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHA vs. NIXT — Risk / Return Rank
SCHA
NIXT
SCHA vs. NIXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Small-Cap ETF (SCHA) and Research Affiliates Deletions ETF (NIXT). 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.
| SCHA | NIXT | 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 | 1.34 | 1.25 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.84 | 2.66 | +1.17 |
| Martin ratioReturn relative to average drawdown | 14.05 | 8.96 | +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. | |||
Loading charts...
Sharpe Ratios by Period
| SCHA | NIXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 1.47 | +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 | 0.57 | 0.70 | -0.13 |
Drawdowns
SCHA vs. NIXT - Drawdown Comparison
The maximum SCHA drawdown since its inception was -42.41%, which is greater than NIXT's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for SCHA and NIXT.
Loading charts...
Drawdown Indicators
| SCHA | NIXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.41% | -27.75% | -14.66% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -11.71% | +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 | -2.50% | -2.73% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -7.58% | -5.94% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.48% | -0.89% |
Volatility
SCHA vs. NIXT - Volatility Comparison
Schwab U.S. Small-Cap ETF (SCHA) has a higher volatility of 5.79% compared to Research Affiliates Deletions ETF (NIXT) at 5.00%. This indicates that SCHA's price experiences larger fluctuations and is considered to be riskier than NIXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHA | NIXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.79% | 5.00% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 14.17% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.31% | 21.26% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 23.28% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 23.28% | -0.54% |
SCHA vs. NIXT - Expense Ratio Comparison
SCHA has a 0.04% expense ratio, which is lower than NIXT's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHA vs. NIXT - Dividend Comparison
SCHA's dividend yield for the trailing twelve months is around 1.02%, less than NIXT's 1.35% 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
SCHA and NIXT 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, SCHA dropped -42.41% vs NIXT's -27.75%.
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.
SCHA is categorized as Small Cap Blend Equities, while NIXT is Mid Cap Value Equities. SCHA tracks Dow Jones U.S. Small-Cap Total Stock Market Index, while NIXT tracks Research Affiliates Deletions Index. They also come from different issuers: Charles Schwab and Research Affiliates. Their fees differ too: 0.04% for SCHA and 0.09% for NIXT.
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.
Find the right allocation for SCHA and NIXT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer