NIXT vs. USVM ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM)

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

$26.82

Average Daily Volume

42,775

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers within the MSCI USA Small Cap Index (the parent index) that have higher exposure to value and momentum factors while also maintaining moderate index turnover and lower realized volatility than traditional capitalization weighted indexes.

Grade (RS Rating)

Last Trade

$89.79

Average Daily Volume

6,987

Number of Holdings ^*

278

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	USVM
30 Days	2.60%	5.63%
60 Days	2.78%	6.57%
90 Days		7.46%
12 Months		37.15%

37 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in USVM	Overlap
ACIW	C	1.01%	0.45%	0.45%
AEO	F	0.45%	0.26%	0.26%
AVT	C	0.67%	0.45%	0.45%
AZTA	D	0.54%	0.27%	0.27%
BFH	C	0.96%	0.24%	0.24%
BIO	C	0.8%	0.37%	0.37%
BMBL	C	0.52%	0.23%	0.23%
CAR	C	0.61%	0.23%	0.23%
CRUS	D	0.72%	0.19%	0.19%
DEI	B	0.81%	0.33%	0.33%
DXC	B	0.72%	0.27%	0.27%
ENOV	C	0.51%	0.36%	0.36%
GAP	C	0.65%	0.19%	0.19%
HE	C	0.63%	0.13%	0.13%
HIW	C	0.75%	0.33%	0.33%
HTZ	C	0.49%	0.18%	0.18%
IAC	F	0.61%	0.29%	0.29%
JBGS	F	0.63%	0.32%	0.32%
JBLU	F	0.68%	0.22%	0.22%
KSS	F	0.47%	0.19%	0.19%
LNC	C	0.8%	0.34%	0.34%
LUMN	C	4.72%	0.23%	0.23%
MAC	B	0.85%	0.31%	0.31%
MOS	F	0.5%	0.33%	0.33%
MRVI	F	0.42%	0.08%	0.08%
PINC	B	0.67%	0.54%	0.54%
PK	C	0.57%	0.36%	0.36%
QRVO	F	0.34%	0.16%	0.16%
RL	C	0.76%	0.39%	0.39%
SLG	B	0.95%	0.3%	0.3%
SNDR	B	0.94%	0.48%	0.48%
TDS	B	1.23%	0.22%	0.22%
UAA	C	0.86%	0.32%	0.32%
UHS	D	0.75%	0.36%	0.36%
VIR	D	0.66%	0.2%	0.2%
VYX	B	0.7%	0.26%	0.26%
XRX	F	0.4%	0.18%	0.18%

NIXT Overweight 100 Positions Relative to USVM

Symbol	Grade	Weight
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%
VNO	C	1.0%
VFC	C	0.99%
CHRW	B	0.95%
GEN	B	0.92%
BKU	A	0.9%
CMA	B	0.84%
SHC	F	0.84%
LOPE	C	0.81%
EQH	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%
FNF	B	0.76%
PNW	A	0.76%
CCOI	B	0.75%
REG	A	0.75%
PNM	B	0.75%
PAYC	B	0.75%
MP	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%
SGRY	F	0.72%
TFSL	A	0.72%
RIVN	F	0.72%
YETI	D	0.71%
OGS	A	0.71%
KMX	B	0.7%
OUT	A	0.7%
NWL	C	0.7%
MASI	B	0.7%
ZD	B	0.69%
SAM	C	0.69%
EPR	C	0.68%
CNA	C	0.67%
EMN	C	0.66%
FRT	B	0.66%
ALE	A	0.66%
JKHY	D	0.65%
CTLT	C	0.65%
EQC	B	0.65%
APLE	B	0.65%
NVST	B	0.64%
HAS	D	0.62%
MTCH	D	0.61%
HAE	C	0.61%
PARA	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%
FMC	D	0.57%
NGVT	B	0.55%
HP	C	0.55%
NOMD	D	0.55%
RAMP	B	0.54%
NOV	C	0.54%
IART	C	0.52%
LCID	F	0.51%
ZI	D	0.5%
PLUG	F	0.5%
CBRL	C	0.48%
ACLS	F	0.48%
ETSY	D	0.47%
NTLA	F	0.47%
CRI	F	0.46%
NSP	F	0.45%
MQ	D	0.45%
BBWI	C	0.43%
HELE	C	0.43%
LEG	F	0.4%
CVI	F	0.37%
XRAY	F	0.36%
TRIP	F	0.33%
SVC	F	0.29%
SAGE	F	0.25%
AGL	F	0.21%

NIXT Underweight 241 Positions Relative to USVM

Symbol	Grade	Weight
DTM	A	-0.8%
UNM	A	-0.78%
INGR	C	-0.69%
CACI	D	-0.69%
SF	B	-0.66%
CW	C	-0.66%
KBR	F	-0.62%
CTRE	C	-0.6%
CNX	A	-0.59%
GVA	A	-0.59%
ORI	A	-0.59%
EHC	B	-0.58%
TAP	C	-0.56%
NFG	A	-0.56%
SBRA	C	-0.56%
JEF	A	-0.56%
INVA	D	-0.56%
AXS	A	-0.54%
POST	C	-0.54%
AKR	B	-0.53%
TXRH	B	-0.53%
CALM	A	-0.52%
EXEL	B	-0.52%
ESAB	C	-0.52%
NHI	D	-0.51%
FFIV	B	-0.51%
TGNA	B	-0.51%
AWI	A	-0.51%
PBH	A	-0.5%
ENSG	C	-0.5%
EVR	B	-0.5%
AGO	B	-0.49%
GEF	A	-0.49%
ALSN	B	-0.49%
CSWI	B	-0.49%
GHC	B	-0.48%
CNO	B	-0.48%
CLH	C	-0.47%
MLI	B	-0.47%
PIPR	A	-0.46%
GNW	A	-0.46%
GEO	B	-0.46%
MTG	C	-0.46%
SWX	B	-0.46%
LRN	A	-0.46%
R	B	-0.45%
SFM	A	-0.45%
SNX	D	-0.45%
ASB	B	-0.45%
SKYW	B	-0.45%
ESNT	F	-0.45%
MATX	C	-0.45%
GWRE	A	-0.45%
GPOR	B	-0.44%
CMC	B	-0.44%
MUSA	B	-0.44%
H	B	-0.44%
GBX	A	-0.44%
KFY	B	-0.43%
PRIM	A	-0.43%
PLXS	B	-0.43%
COOP	B	-0.43%
ENVA	B	-0.42%
BPOP	C	-0.42%
PSN	D	-0.42%
GMS	B	-0.42%
VCTR	B	-0.42%
KEX	B	-0.42%
HNI	B	-0.42%
STC	B	-0.41%
CUZ	B	-0.41%
ARW	D	-0.41%
MOG.A	B	-0.41%
CXW	C	-0.41%
RDN	D	-0.41%
SEB	F	-0.41%
RUSHA	C	-0.4%
MCY	A	-0.4%
PR	B	-0.4%
ROAD	B	-0.4%
ITGR	B	-0.4%
DVA	C	-0.4%
VSTO	A	-0.4%
WT	A	-0.39%
OVV	B	-0.39%
WKC	C	-0.39%
BTU	B	-0.39%
CHRD	D	-0.39%
MDU	D	-0.39%
BCO	F	-0.38%
GPI	B	-0.38%
FSS	B	-0.38%
AROC	A	-0.38%
MTSI	B	-0.37%
QTWO	A	-0.37%
ESRT	C	-0.37%
CNK	C	-0.37%
PATK	C	-0.36%
DY	D	-0.36%
SPB	C	-0.36%
AL	B	-0.36%
BHF	C	-0.36%
WTTR	A	-0.36%
UVV	B	-0.36%
TTMI	C	-0.36%
FYBR	C	-0.35%
LMAT	A	-0.35%
IVZ	B	-0.35%
JXN	C	-0.35%
NAVI	F	-0.35%
JLL	D	-0.35%
ADUS	D	-0.35%
NTRA	A	-0.35%
RDNT	B	-0.34%
PHIN	A	-0.34%
TMHC	C	-0.34%
HRB	D	-0.34%
WGO	C	-0.33%
LPX	B	-0.33%
ABG	C	-0.33%
ALKT	B	-0.33%
REZI	A	-0.33%
KRC	B	-0.33%
AMWD	C	-0.33%
GIII	D	-0.32%
SEM	B	-0.32%
NXST	C	-0.32%
UGI	C	-0.32%
CRS	B	-0.32%
ANDE	D	-0.32%
NMRK	C	-0.32%
STRL	A	-0.32%
CWEN	C	-0.32%
VIRT	A	-0.32%
PEB	D	-0.32%
ARI	C	-0.32%
CVLT	B	-0.32%
TPH	D	-0.31%
DDS	B	-0.31%
PRDO	B	-0.31%
AZZ	A	-0.31%
AN	C	-0.31%
LZB	B	-0.31%
ATGE	B	-0.31%
IIPR	D	-0.31%
FIX	A	-0.31%
CRL	D	-0.31%
CORT	B	-0.3%
CIVI	D	-0.3%
SOLV	D	-0.3%
INSW	F	-0.3%
NTCT	C	-0.3%
ADTN	A	-0.3%
COKE	C	-0.29%
SCS	C	-0.29%
BCC	C	-0.29%
SAH	C	-0.29%
HALO	F	-0.29%
VRNS	D	-0.29%
PRGO	C	-0.29%
VSH	F	-0.29%
NATL	B	-0.28%
LGND	C	-0.28%
BHE	C	-0.28%
KBH	D	-0.28%
PVH	C	-0.28%
SM	B	-0.28%
WING	D	-0.27%
VTLE	C	-0.27%
IESC	C	-0.27%
GT	C	-0.27%
VERX	A	-0.27%
MEDP	D	-0.27%
GRBK	D	-0.27%
CUBI	B	-0.27%
PLUS	F	-0.26%
NSIT	F	-0.26%
POWL	C	-0.26%
AMRX	C	-0.26%
CNM	D	-0.26%
SANM	B	-0.26%
GKOS	B	-0.26%
CLF	F	-0.26%
LEVI	F	-0.25%
MTH	D	-0.25%
HCC	B	-0.25%
MHO	D	-0.25%
SLVM	B	-0.25%
COHR	B	-0.25%
HIMS	C	-0.25%
MHK	D	-0.24%
PBF	D	-0.24%
BOOT	C	-0.24%
CAL	F	-0.23%
M	F	-0.23%
CRNX	C	-0.23%
CCS	D	-0.23%
ADMA	B	-0.22%
DKS	F	-0.22%
UCTT	D	-0.22%
LBPH	A	-0.22%
UFPT	C	-0.21%
REVG	C	-0.21%
MODG	F	-0.21%
MSGE	F	-0.21%
GES	F	-0.21%
ELAN	D	-0.2%
FTRE	D	-0.2%
MOD	A	-0.2%
COLL	F	-0.2%
PI	D	-0.2%
BKD	F	-0.2%
USM	B	-0.2%
VITL	D	-0.19%
AMR	C	-0.19%
CLSK	C	-0.19%
LPG	F	-0.19%
PLAB	C	-0.19%
VECO	F	-0.19%
ANF	F	-0.18%
OGN	F	-0.18%
VSTS	C	-0.17%
FORM	D	-0.17%
AMKR	D	-0.17%
SOUN	B	-0.17%
SATS	D	-0.17%
ODP	F	-0.16%
ONTO	F	-0.16%
RNA	C	-0.16%
OMI	F	-0.16%
AHCO	F	-0.15%
JANX	C	-0.15%
DFH	D	-0.15%
MPW	F	-0.14%
ZETA	D	-0.14%
INSM	C	-0.13%
HOV	D	-0.13%
NPAB	F	-0.13%
VKTX	F	-0.12%
HUMA	F	-0.12%
DYN	F	-0.1%