NIXT vs. SMOG ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to VanEck Vectors Low Carbon Energy ETF (SMOG)

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

$27.29

Average Daily Volume

41,419

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

SMOG

VanEck Vectors Low Carbon Energy ETF

SMOG Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global IndexSM (Extra Liquid). The fund normally invests at least 80% of its total assets in stocks of low carbon energy companies. Such companies may include small- and medium-capitalization companies and foreign issuers. "Low carbon energy companies" refers to companies primarily engaged in alternative energy, including renewable energy, alternative fuels and related enabling technologies (such as advanced batteries). It is non-diversified.

Grade (RS Rating)

Last Trade

$100.62

Average Daily Volume

2,582

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	SMOG
30 Days	5.30%	-2.70%
60 Days	4.25%	-7.20%
90 Days		-2.74%
12 Months		-1.10%

3 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in SMOG	Overlap
LCID	F	0.51%	0.67%	0.51%
PLUG	F	0.5%	0.36%	0.36%
RIVN	F	0.72%	2.14%	0.72%

NIXT Overweight 134 Positions Relative to SMOG

Symbol	Grade	Weight
LUMN	C	4.72%
TDS	B	1.23%
LBRDK	C	1.21%
LITE	B	1.2%
DNLI	D	1.18%
FTDR	A	1.12%
SIRI	C	1.12%
OMCL	C	1.1%
AFRM	B	1.09%
HBI	B	1.06%
ACIW	B	1.01%
VNO	B	1.0%
VFC	C	0.99%
BFH	B	0.96%
SLG	B	0.95%
CHRW	C	0.95%
SNDR	B	0.94%
GEN	B	0.92%
BKU	A	0.9%
UAA	C	0.86%
MAC	B	0.85%
CMA	A	0.84%
SHC	F	0.84%
LOPE	B	0.81%
DEI	B	0.81%
EQH	B	0.8%
BIO	D	0.8%
LNC	B	0.8%
SMTC	B	0.79%
MKTX	D	0.79%
FHB	A	0.79%
NRG	B	0.78%
BXP	D	0.78%
AMBA	B	0.78%
SABR	C	0.77%
FNF	B	0.76%
PNW	B	0.76%
RL	B	0.76%
UHS	D	0.75%
CCOI	B	0.75%
REG	B	0.75%
PNM	F	0.75%
PAYC	B	0.75%
MP	B	0.75%
HIW	D	0.75%
ELS	C	0.74%
MSGS	A	0.74%
TNL	A	0.74%
RNG	B	0.74%
JWN	C	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%
YETI	C	0.71%
OGS	A	0.71%
KMX	B	0.7%
OUT	A	0.7%
NWL	B	0.7%
MASI	A	0.7%
VYX	B	0.7%
ZD	C	0.69%
SAM	C	0.69%
JBLU	F	0.68%
EPR	D	0.68%
AVT	C	0.67%
CNA	B	0.67%
PINC	B	0.67%
EMN	D	0.66%
FRT	B	0.66%
ALE	A	0.66%
VIR	D	0.66%
JKHY	D	0.65%
GAP	C	0.65%
CTLT	B	0.65%
EQC	B	0.65%
APLE	B	0.65%
NVST	B	0.64%
HE	C	0.63%
JBGS	D	0.63%
HAS	D	0.62%
MTCH	D	0.61%
HAE	C	0.61%
PARA	C	0.61%
IAC	D	0.61%
CAR	C	0.61%
AMED	F	0.6%
NEU	C	0.6%
ASAN	C	0.59%
CABO	C	0.59%
ALLY	C	0.59%
SPR	D	0.59%
HLF	C	0.58%
HST	C	0.58%
ARWR	F	0.58%
VAC	B	0.58%
TFX	F	0.57%
FMC	D	0.57%
PK	B	0.57%
NGVT	B	0.55%
HP	B	0.55%
NOMD	D	0.55%
AZTA	D	0.54%
RAMP	C	0.54%
NOV	C	0.54%
IART	C	0.52%
BMBL	C	0.52%
ENOV	C	0.51%
MOS	F	0.5%
ZI	D	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%
CRI	D	0.46%
NSP	D	0.45%
MQ	F	0.45%
AEO	F	0.45%
BBWI	D	0.43%
HELE	C	0.43%
MRVI	F	0.42%
LEG	F	0.4%
XRX	F	0.4%
CVI	F	0.37%
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 23 Positions Relative to SMOG

Symbol	Grade	Weight
TSLA	B	-11.5%
NEE	D	-7.6%
FSLR	F	-4.05%
LI	F	-3.8%
OC	A	-3.52%
XPEV	C	-2.18%
EBR	F	-2.06%
ENPH	F	-1.81%
NIO	F	-1.66%
IBP	D	-1.06%
ORA	B	-0.84%
CIG	C	-0.82%
ENS	D	-0.8%
TAC	B	-0.6%
HASI	D	-0.54%
BE	B	-0.5%
QS	F	-0.46%
RUN	F	-0.41%
ELP	F	-0.41%
AY	B	-0.34%
DQ	F	-0.29%
JKS	F	-0.2%
SEDG	F	-0.17%