TECB vs. NIXT
TECB (iShares U.S. Tech Breakthrough Multisector ETF) and NIXT (Research Affiliates Deletions ETF) are both exchange-traded funds - TECB is a Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough Index, while NIXT is a Mid Cap Value Equities fund tracking the Research Affiliates Deletions Index. Both are passively managed. Over the past year, TECB returned 27.32% vs 31.07% for NIXT. A 0.67 correlation means they provide meaningful diversification when combined. TECB charges 0.40%/yr vs 0.09%/yr for NIXT.
Performance
TECB vs. NIXT - Performance Comparison
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Returns By Period
In the year-to-date period, TECB achieves a 14.97% return, which is significantly lower than NIXT's 17.85% return.
TECB
- 1D
- 0.52%
- 1M
- 1.69%
- YTD
- 14.97%
- 6M
- 13.40%
- 1Y
- 27.32%
- 3Y*
- 24.72%
- 5Y*
- 13.47%
- 10Y*
- —
NIXT
- 1D
- 0.30%
- 1M
- 0.86%
- YTD
- 17.85%
- 6M
- 17.13%
- 1Y
- 31.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TECB vs. NIXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 14.97% | 14.86% | 8.99% |
NIXT Research Affiliates Deletions ETF | 17.85% | 4.94% | 4.89% |
Correlation
The correlation between TECB and NIXT is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024 | 0.67 |
The correlation between TECB and NIXT has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
TECB vs. NIXT — Risk / Return Rank
TECB
NIXT
TECB vs. NIXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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.
| TECB | NIXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 2.66 | -0.97 |
| Martin ratioReturn relative to average drawdown | 4.93 | 8.96 | -4.03 |
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
| TECB | NIXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 1.47 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.70 | 0.70 | 0.00 |
Drawdowns
TECB vs. NIXT - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, which is greater than NIXT's maximum drawdown of -27.75%. Use the drawdown chart below to compare losses from any high point for TECB and NIXT.
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Drawdown Indicators
| TECB | NIXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -27.75% | -13.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -11.71% | -4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | — | — |
Current DrawdownCurrent decline from peak | -5.64% | -2.73% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -5.94% | -4.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.55% | 3.48% | +2.07% |
Volatility
TECB vs. NIXT - Volatility Comparison
iShares U.S. Tech Breakthrough Multisector ETF (TECB) has a higher volatility of 7.20% compared to Research Affiliates Deletions ETF (NIXT) at 5.00%. This indicates that TECB'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.
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Volatility by Period
| TECB | NIXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 5.00% | +2.20% |
Volatility (6M)Calculated over the trailing 6-month period | 14.03% | 14.17% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.68% | 21.26% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.59% | 23.28% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.42% | 23.28% | +2.14% |
TECB vs. NIXT - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is higher than NIXT's 0.09% expense ratio.
Dividends
TECB vs. NIXT - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.29%, less than NIXT's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
NIXT Research Affiliates Deletions ETF | 1.35% | 1.64% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% |
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.29% | 0.33% | 0.35% | 0.23% | 0.61% | 0.35% | 0.77% |
Frequently Asked Questions
TECB and NIXT have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECB has higher volatility (7.20%) compared to NIXT (5.00%). In terms of maximum drawdown, TECB dropped -41.62% vs NIXT's -27.75%.
On 1-year performance, NIXT leads with 31.07% vs 27.32% for TECB. On fees, NIXT is cheaper at 0.09% 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, NIXT has performed better with a 31.07% return vs 27.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NIXT is cheaper with a 0.09% expense ratio, compared with 0.40% for TECB.
NIXT has the higher dividend yield at 1.35%, compared with 0.29% for TECB.
TECB is categorized as Technology Equities, while NIXT is Mid Cap Value Equities. TECB tracks NYSE FactSet U.S. Tech Breakthrough Index, while NIXT tracks Research Affiliates Deletions Index. They also come from different issuers: iShares and Research Affiliates. Their fees differ too: 0.40% for TECB and 0.09% for NIXT.
TECB currently has the higher Sharpe Ratio (1.56 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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