NIXT
Research Affiliates Deletions ETF
The Research Affiliates Deletions ETF seeks to provide long-term capital appreciation by investing in equity securities that have been removed from the S&P 500 Index, utilizing a systematic value-based approach.
US
EQUITY
Passive
MANAGEMENT STYLE
32.9 M
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | RAFI Indices |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 09, 2024 |
| Assets (mns) | $33 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LUMEN TECHNOLOGIES, INC. | 2.2 % |
| TELEPHONE AND DATA SYSTEMS, INC. | 1.8 % |
| HERTZ GLOBAL HOLDINGS, INC. | 1.4 % |
| MP MATERIALS CORP CLASS A | 1.3 % |
| LIBERTY BROADBAND CORP. CLASS C | 1.2 % |
| ACI WORLDWIDE INC | 1.2 % |
| PNM RESOURCES INC | 1.1 % |
| SIRIUS XM HOLDINGS INC | 1.1 % |
| NRG ENERGY INC | 1.1 % |
| AFFIRM HOLDINGS, INC. CLASS A | 1.1 % |
Constituent Breakdown
| Number of holdings | 139 |
| Herfindahl-Hirschman Index | 85 |
| Wgt avg mkt cap (mns) | $6,130 |
| Large cap (>$10bn) | 20.9% |
| Mid cap ($2-10bn) | 59.7% |
| Small cap (<$2bn) | 19.5% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 91.8 % |
 |
CAYMAN ISLANDS | 0.6 % |
Historical Performance
Standardized Performance (as of 04/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -13.3% | -- | -- | -- | -- | -- | -- | -10.3% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.0% |
| Total Returns | -13.3% | -- | -- | -- | -- | -- | -- | -10.3% | Ann. Volatility | 32.4% | -- | -- | -- | -- | -- | -- | 26.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 26 |
| Turnover | 1.8% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $7,107 |
Technical Indicators
| Recent close | $22.23 |
| 30d moving avg. | $22.21 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NIXT |
Expenses vs. NIXT |
ALTAR Score™ vs. NIXT |
|---|---|---|---|---|
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 12.8% | +6 bp | +4.8% |
| IQSM | IQ Candriam U.S. Mid Cap Equity ETF | 12.2% | +6 bp | +0.3% |
| FLOW | Global X U.S. Cash Flow Kings 100 ETF | 12.2% | +16 bp | +6.5% |
| DON | WisdomTree U.S. MidCap Dividend Fund | 12.2% | +29 bp | +3.3% |
| IJS | iShares S&P Small-Cap 600 Value ETF | 11.6% | +9 bp | +5.0% |
| USVM | VictoryShares US Small Mid Cap Value Momentum ETF | 11.5% | +16 bp | +2.5% |
| ISCV | iShares Morningstar Small Cap Value ETF | 11.3% | -3 bp | +4.1% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 11.1% | +6 bp | +5.0% |
| STXM | Strive Mid-Cap ETF | 11.1% | +9 bp | +0.7% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 11.0% | -5 bp | +0.5% |
Risk and Returns: NIXT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
NIXT
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
NIXT
6.3%
Cat. Avg
6.5%
ALTAR Score™ Calculation
Category Overview
There are 953 funds in the US Equity category, with an average ALTAR Score™
of 6.5% and a standard deviation of
2.7%. NIXT's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places NIXT in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NIXTSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 192 |
| Avg. Expense Ratio | 31.0 bp |
| Std. Deviation | 25.7 bp |
| NIXT (9 bp) Percentile rank | 19 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NIXT | 9.0 | 0.0 | 9 |
| Peer Avg. | 32.3 | 15.1 | 47.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .