Wrestling wise RAW and Smackdown are total garbage... not one surprising or compelling thing happens in any match. Also, whether anyone wins or loses, it doesn't feel like it matters to any storyline at all.
NXT generally the match quality is high tier.
AEW is varied... especially their wack women's division puts them under NXT. In fact, I would trade almost all of AEW women just to get Io Shirai and Bianca Belair.
But AEW still does have compelling and entertaining matches on every show.
So yeah actual wrestling I'll agree NXT > AEW > Raw/SD