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
38.1 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) | $38 |
| 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. | 3.3 % |
| TELEPHONE AND DATA SYSTEMS, INC. | 1.4 % |
| AFFIRM HOLDINGS, INC. CLASS A | 1.3 % |
| LUMENTUM HOLDINGS INC | 1.3 % |
| ALLIANCE DATA SYSTEMS CORP | 1.2 % |
| HANESBRANDS INC | 1.2 % |
| FRONTDOOR, INC. | 1.2 % |
| SEMTECH CORP | 1.0 % |
| VORNADO REALTY TRUST | 1.0 % |
| OMNICELL INC | 1.0 % |
Constituent Breakdown
| Number of holdings | 138 |
| Herfindahl-Hirschman Index | 86 |
| Wgt avg mkt cap (mns) | $7,608 |
| Large cap (>$10bn) | 21.3% |
| Mid cap ($2-10bn) | 67.7% |
| Small cap (<$2bn) | 11.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.7 % |
 |
CAYMAN ISLANDS | 0.5 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.5% | -- | -- | -- | -- | -- | 5.5% | Volatility | -- | -- | -- | -- | -- | -- | -- |
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) | 30 |
| Turnover | 2.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $8,996 |
Technical Indicators
| Recent close | $25.92 |
| 30d moving avg. | $27.37 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.2% |
| 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 |
|---|---|---|---|---|
| IJS | iShares S&P Small-Cap 600 Value ETF | 15.3% | +9 bp | +2.3% |
| SLYV | SPDR S&P 600 Small Cap Value ETF | 14.8% | +6 bp | +2.3% |
| VIOV | Vanguard S&P Small-Cap 600 Value ETF | 14.8% | +6 bp | +2.3% |
| IQSM | IQ Candriam U.S. Mid Cap Equity ETF | 13.3% | +6 bp | +0.6% |
| RWJ | Invesco S&P SmallCap 600 Revenue ETF | 13.2% | +30 bp | +2.3% |
| FYT | First Trust Small Cap Value AlphaDEX Fund | 12.7% | +64 bp | +2.8% |
| ISCV | iShares Morningstar Small Cap Value ETF | 12.1% | -3 bp | +2.2% |
| BKMC | BNY Mellon US Mid Cap Core Equity ETF | 12.0% | -5 bp | +0.5% |
| IJR | iShares Core S&P Small Cap ETF | 11.6% | -3 bp | +1.6% |
| BKSE | BNY Mellon US Small Cap Core Equity ETF | 11.3% | -5 bp | -0.4% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 12/18/2024
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
5.4%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. NIXT's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places NIXT in the 46th 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. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .