NIXT ETF: What Is It? Returns, Fees, Holdings, and Alternative ETFs at a Glance
The Research Affiliates Deletions ETF, ticker NIXT, tracks the potential for long-term price reversals in US companies that were recently removed from indexes. Its micro-cap profile, quarterly distributions, management fee, dividend sustainability, differences from related funds, and volatility are the key points to check before investing.
SubscribeWhat Is the Research Affiliates Deletions ETF?
This ETF tracks the Research Affiliates Deletions Index and selects companies that have been dropped from traditional market-cap-weighted indexes. It focuses on the potential for price reversals after an index deletion and on a small-cap value tilt.
It suits investors who can accept long-term exposure to US small-cap value stocks that have fallen out of market favor, and who understand the price swings and trading conditions of micro-caps.
It is a passive (index-tracking) ETF managed by Research Affiliates.
How Do You Invest in the Research Affiliates Deletions ETF?
| Item | Details |
|---|---|
| Tracked index | Research Affiliates Deletions Index |
| Management style | Passive index tracking |
| Rebalancing frequency | Annual rebalancing |
| Distribution frequency | Quarterly distributions |
| Total expense ratio | 0.19% |
| Fund manager | Research Affiliates |
The fund targets companies that were recently removed from market-cap-weighted indexes, and it determines index composition using metrics tied to sales, cash flow, shareholder payouts, book value, and intangible assets. Through equal weighting and annual rebalancing, it aims to reduce concentration in any single large holding.
- Focus on index-deleted stocks
- Equal-weighted composition
Research Affiliates Deletions ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $49.2M, and the total expense ratio is 0.19% per year.
As a micro-cap ETF, its trading volume and bid-ask spread can vary with market conditions. When placing orders, it is important to check trading conditions as well.
Research Affiliates Deletions ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeIn recent market conditions, this strategy's performance can be affected by investor appetite for small-cap value stocks and by how quickly index-deleted companies are re-rated. If the market is led by large-cap growth stocks, the fund may lag by comparison, and if a value re-rating gets under way, it may reflect the potential for a rebound.
Fund flows can be influenced by market participants' interest in price-reversal strategies, small- and mid-cap liquidity, and changes in the economic and interest rate environment. In phases when risk appetite weakens, demand for micro-cap exposure may decline, which could change trading conditions.
Research Affiliates Deletions ETF Strengths and Weaknesses
Its distinguishing feature is that it systematically captures the re-rating potential of index-deleted stocks, while the volatility and liquidity burden typical of micro-caps should be reviewed alongside it.
💪 Key Strengths
⚠️ Points of Caution
Alternative ETFs and Related Products to the Research Affiliates Deletions ETF
Among the ETFs shown in the table, VIG represents a dividend growth orientation, SCHD a dividend-focused selection, and VYM a high-dividend orientation. DFAC offers broad US equity exposure, and RDVY uses dividend growth criteria. Because NIXT focuses on index-deleted companies, its inclusion logic and volatility characteristics may differ from dividend-focused products. Information on additional comparable listed funds is limited, so it is appropriate to review your objectives and distribution preferences together.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 SCHD | Schwab US Dividend Equity ETF | $35.27 | -0.4% | $118.9B | 0.06% | 2.99% | +30.5% |
 VIG | Vanguard Dividend Appreciation FTF | $243.12 | -0.8% | $114.5B | 0.04% | 1.5% | +12.0% |
 VYM | Vanguard High Dividend Yield Indx ETF | $161.50 | -0.7% | $82.7B | 0.04% | 2.28% | +14.6% |
 DFAC | U.S. Core Equity 2 Portfolio-ETF Class Shares | $44.74 | -0.6% | $49.3B | 0.18% | 0.88% | +15.4% |
 RDVY | First Trust Rising Dividend Achievers ETF | $78.70 | -1.2% | $25.5B | 0.47% | 0.86% | +16.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 AGL | Agilon Health Inc | - | $89.71 | -0.6% | $1.5B | - | - |
| BIIB | Biogen Inc | - | $250.69 | -1.2% | $37.0B | 44.4 | - |
| LITE | Lumentum Holdings Inc | 0.06% | $756.17 | +0.5% | $68.5B | - | - |
 ARWR | Arrowhead Pharmaceuticals Inc | 0.02% | $58.02 | -0.6% | $8.2B | - | - |
 SMTC | Semtech Corp | 0.02% | $132.00 | +5.5% | $12.3B | 87.7 | - |
 PBF | PBF Energy Inc | 0.02% | $76.17 | -3.9% | $9.0B | 6.7 | 1.44% |
 PLUG | Plug Power Inc | 0.01% | $1.38 | +0.0% | $1.9B | - | - |
 WFRD | Weatherford International plc | 0.01% | $86.85 | +7.0% | $6.3B | 15.5 | 1.26% |
 HLF | Herbalife Ltd | 0.01% | $13.39 | -2.8% | $1.4B | 8.7 | - |
Research Affiliates Deletions ETF Investor Checkpoints
Before investing in the Research Affiliates Deletions ETF, you should consider whether the index deletion strategy matches your investment goals and whether you can handle micro-cap exposure and the quarterly distribution structure. Trading costs and currency effects should also be checked.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| Index deletion criteria | Check how additions and removals occur | Needs checking |
| Trading conditions | Review the bid-ask spread and order methods | Needs checking |
| Quarterly distributions | Review the potential variability of distributions and tax effects | Quarterly distributions |
| Micro-cap exposure | Check individual stock and market volatility risks | Beware of volatility |
Index-deleted companies may have seen their market valuations fall because of changes in earnings, finances, or industry conditions. Exposure centered on small companies can lead to reduced trading liquidity and sharp price changes, and passive management may not respond immediately to such changes.
The Research Affiliates Deletions ETF is a product focused on the potential for price reversals in companies removed from traditional indexes. If you prioritize broad market exposure or stable dividends, check how the objectives differ from comparable ETFs and consider the fund only within a range where you can tolerate the volatility.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of August 16, 2026.
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