NIXT vs. PAPI ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to Parametric Equity Premium Income ETF (PAPI)

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$27.36

Average Daily Volume

42,775

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.06

Average Daily Volume

32,973

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	PAPI
30 Days	2.60%	2.11%
60 Days	2.78%	3.48%
90 Days		4.02%
12 Months		18.27%

13 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in PAPI	Overlap
AVT	C	0.67%	0.51%	0.51%
CCOI	B	0.75%	0.5%	0.5%
CRI	F	0.46%	0.41%	0.41%
CVI	F	0.37%	0.42%	0.37%
EMN	C	0.66%	0.49%	0.49%
FMC	D	0.57%	0.46%	0.46%
FNF	B	0.76%	0.51%	0.51%
HAS	D	0.62%	0.46%	0.46%
HP	C	0.55%	0.52%	0.52%
JKHY	D	0.65%	0.49%	0.49%
MOS	F	0.5%	0.54%	0.5%
OGS	A	0.71%	0.54%	0.54%
PINC	B	0.67%	0.6%	0.6%

NIXT Overweight 124 Positions Relative to PAPI

Symbol	Grade	Weight
LUMN	C	4.72%
TDS	B	1.23%
LBRDK	C	1.21%
LITE	B	1.2%
DNLI	D	1.18%
FTDR	B	1.12%
SIRI	C	1.12%
OMCL	C	1.1%
AFRM	A	1.09%
HBI	B	1.06%
ACIW	B	1.01%
VNO	C	1.0%
VFC	C	0.99%
BFH	C	0.96%
SLG	B	0.95%
CHRW	B	0.95%
SNDR	B	0.94%
GEN	B	0.92%
BKU	A	0.9%
UAA	C	0.86%
MAC	B	0.85%
CMA	B	0.84%
SHC	F	0.84%
LOPE	C	0.81%
DEI	B	0.81%
EQH	C	0.8%
BIO	C	0.8%
LNC	C	0.8%
SMTC	B	0.79%
MKTX	D	0.79%
FHB	B	0.79%
NRG	B	0.78%
BXP	C	0.78%
AMBA	B	0.78%
SABR	C	0.77%
PNW	A	0.76%
RL	C	0.76%
UHS	D	0.75%
REG	A	0.75%
PNM	B	0.75%
PAYC	B	0.75%
MP	C	0.75%
HIW	C	0.75%
ELS	C	0.74%
MSGS	A	0.74%
TNL	A	0.74%
RNG	C	0.74%
JWN	D	0.74%
FL	F	0.73%
DBX	B	0.73%
DXC	B	0.72%
SGRY	F	0.72%
TFSL	A	0.72%
CRUS	D	0.72%
RIVN	F	0.72%
YETI	D	0.71%
KMX	B	0.7%
OUT	A	0.7%
NWL	C	0.7%
MASI	B	0.7%
VYX	B	0.7%
ZD	B	0.69%
SAM	C	0.69%
JBLU	F	0.68%
EPR	C	0.68%
CNA	C	0.67%
FRT	B	0.66%
ALE	A	0.66%
VIR	D	0.66%
GAP	C	0.65%
CTLT	C	0.65%
EQC	B	0.65%
APLE	B	0.65%
NVST	B	0.64%
HE	C	0.63%
JBGS	F	0.63%
MTCH	D	0.61%
HAE	C	0.61%
PARA	C	0.61%
IAC	F	0.61%
CAR	C	0.61%
AMED	F	0.6%
NEU	D	0.6%
ASAN	B	0.59%
CABO	B	0.59%
ALLY	C	0.59%
SPR	D	0.59%
HLF	C	0.58%
HST	C	0.58%
ARWR	D	0.58%
VAC	C	0.58%
TFX	F	0.57%
PK	C	0.57%
NGVT	B	0.55%
NOMD	D	0.55%
AZTA	D	0.54%
RAMP	B	0.54%
NOV	C	0.54%
IART	C	0.52%
BMBL	C	0.52%
LCID	F	0.51%
ENOV	C	0.51%
ZI	D	0.5%
PLUG	F	0.5%
HTZ	C	0.49%
CBRL	C	0.48%
ACLS	F	0.48%
KSS	F	0.47%
ETSY	D	0.47%
NTLA	F	0.47%
NSP	F	0.45%
MQ	D	0.45%
AEO	F	0.45%
BBWI	C	0.43%
HELE	C	0.43%
MRVI	F	0.42%
LEG	F	0.4%
XRX	F	0.4%
XRAY	F	0.36%
QRVO	F	0.34%
TRIP	F	0.33%
SVC	F	0.29%
SAGE	F	0.25%
AGL	F	0.21%

NIXT Underweight 176 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	B	-0.65%
SNA	A	-0.63%
IP	A	-0.63%
DTM	A	-0.62%
BKR	A	-0.62%
EMR	B	-0.61%
OKE	A	-0.61%
UNM	A	-0.61%
IDCC	B	-0.61%
FOX	A	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	A	-0.59%
PB	B	-0.59%
MO	A	-0.59%
IDA	A	-0.59%
KMI	A	-0.58%
CINF	A	-0.58%
JHG	B	-0.58%
WMB	A	-0.58%
JCI	B	-0.58%
WHR	B	-0.57%
RHI	C	-0.57%
TRV	B	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	A	-0.57%
DGX	A	-0.57%
SYK	B	-0.57%
LH	B	-0.57%
TXRH	B	-0.57%
FOXA	A	-0.57%
XEL	A	-0.57%
CVX	A	-0.57%
CMI	A	-0.57%
FAST	B	-0.56%
WSO	A	-0.56%
CAH	B	-0.56%
EOG	A	-0.56%
RS	B	-0.56%
PKG	A	-0.56%
PM	B	-0.56%
TROW	B	-0.56%
COP	C	-0.56%
VLO	C	-0.55%
PPL	A	-0.55%
DCI	B	-0.55%
INGR	C	-0.55%
UNH	B	-0.55%
GGG	B	-0.55%
EVRG	A	-0.55%
OGE	A	-0.55%
T	A	-0.55%
GNTX	C	-0.54%
PAG	B	-0.54%
CMCSA	B	-0.54%
COR	B	-0.54%
ORI	A	-0.54%
WMT	A	-0.54%
CSCO	B	-0.54%
COST	A	-0.54%
CHD	A	-0.54%
AFG	A	-0.54%
DRI	B	-0.54%
TJX	A	-0.54%
ADP	A	-0.54%
MTN	C	-0.54%
AEE	A	-0.54%
MSFT	D	-0.53%
CTSH	B	-0.53%
LHX	C	-0.53%
AM	A	-0.53%
GILD	C	-0.53%
TXN	C	-0.53%
PRU	A	-0.53%
PAYX	B	-0.53%
ATO	A	-0.53%
MSM	C	-0.53%
COLM	C	-0.53%
HPE	B	-0.53%
GLW	B	-0.53%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
ABT	B	-0.52%
NFG	A	-0.52%
PG	C	-0.52%
ATR	B	-0.52%
PEG	A	-0.52%
UPS	C	-0.52%
HPQ	B	-0.52%
EXPD	C	-0.52%
XOM	B	-0.52%
PSX	C	-0.52%
CHRD	D	-0.52%
WEC	A	-0.52%
CME	B	-0.52%
POR	C	-0.51%
DD	C	-0.51%
CALM	A	-0.51%
DLB	B	-0.51%
DINO	D	-0.51%
HIG	B	-0.51%
APD	A	-0.51%
LKQ	F	-0.51%
OXM	F	-0.51%
MDT	D	-0.51%
CTVA	C	-0.5%
BDX	F	-0.5%
JNJ	C	-0.5%
DUK	C	-0.5%
RTX	D	-0.5%
POWI	F	-0.5%
NYT	D	-0.5%
DVN	F	-0.5%
FE	C	-0.5%
GD	D	-0.5%
ACN	B	-0.5%
VZ	C	-0.5%
SNX	D	-0.5%
PFG	D	-0.5%
AEP	C	-0.5%
RGLD	C	-0.5%
BG	D	-0.5%
D	C	-0.5%
MTG	C	-0.5%
SO	C	-0.5%
AFL	B	-0.5%
DOX	D	-0.49%
OMC	C	-0.49%
CHE	D	-0.49%
KMB	C	-0.49%
BBY	D	-0.49%
PPG	F	-0.49%
SON	F	-0.49%
FLO	D	-0.49%
LIN	C	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	F	-0.48%
LYB	F	-0.48%
AOS	F	-0.48%
WEN	D	-0.48%
ADI	D	-0.48%
ED	C	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
LEA	F	-0.48%
WU	F	-0.48%
SHOO	F	-0.47%
AMCR	C	-0.47%
LEN	D	-0.47%
CI	D	-0.47%
ADM	D	-0.47%
KDP	F	-0.46%
ABBV	F	-0.46%
ASH	F	-0.46%
KHC	F	-0.46%
MRK	D	-0.46%
IBM	C	-0.46%
IPG	D	-0.45%
SWKS	F	-0.45%
GPC	D	-0.45%
KO	D	-0.45%
DHR	F	-0.45%
ESNT	F	-0.45%
HUN	F	-0.44%
MAN	F	-0.44%
DOW	F	-0.44%
PFE	F	-0.44%
INSW	F	-0.44%
PII	F	-0.43%
ELV	F	-0.43%
HII	F	-0.39%
NEM	D	-0.38%
SCCO	F	-0.0%