FMET vs. NXTI ETF Comparison

Comparison of Fidelity Metaverse ETF (FMET) to Simplify Next Intangible Core Index ETF (NXTI)

FMET

Fidelity Metaverse ETF

FMET Description

The fund normally invests at least 80% of assets in securities included in the index and in depositary receipts representing securities included in the index. The index is designed to reflect the performance of a global universe of companies that develop, manufacture, distribute, or sell products or services related to establishing and enabling the Metaverse. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.25

Average Daily Volume

5,223

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios within their respective sectors. The fund defines intangible capital as productive assets that lack physical presence and are created through investments in brand, knowledge, and organization capital. The index construction starts by calculating a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio are selected for inclusion. At least five stocks are included from each of the 13 sectors determined by the index provider using a combination of SIC and NAICS codes along with data from publicly available 10-K filings. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.37

Average Daily Volume

720

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FMET	NXTI
30 Days	3.74%	3.32%
60 Days	2.41%	7.75%
90 Days	-0.78%	8.52%
12 Months	28.01%

2 Overlapping Holdings

	Symbol	Grade	Weight in FMET	Weight in NXTI	Overlap
	ADBE	F	4.23%	3.9%	3.9%
	META	B	4.66%	4.78%	4.66%

FMET Overweight 34 Positions Relative to NXTI

Symbol	Grade	Weight
AMD	C	4.99%
NVDA	C	4.82%
MSFT	C	4.49%
GOOGL	D	4.41%
AAPL	C	4.37%
QCOM	D	4.18%
INTC	D	3.7%
EQIX	B	3.33%
ADSK	B	2.92%
DLR	B	2.85%
EA	D	2.31%
SMCI	F	2.23%
RBLX	C	2.18%
PTC	C	2.08%
TTWO	D	2.03%
PINS	D	1.96%
SNAP	D	1.8%
BSY	C	1.68%
U	D	1.58%
GLOB	D	1.46%
ALTR	C	1.34%
CRUS	D	1.25%
AMBA	C	0.93%
EXPI	C	0.85%
FSLY	D	0.81%
VNET	B	0.76%
MOMO	B	0.75%
WB	C	0.72%
DAVA	F	0.68%
HIMX	F	0.63%
PLTK	C	0.61%
BMBL	F	0.56%
TWKS	C	0.54%
HEAR	C	0.45%

FMET Underweight 8 Positions Relative to NXTI

Symbol	Grade	Weight
WMT	B	-5.18%
BRK.A	C	-4.26%
XOM	D	-3.57%
MA	B	-3.46%
IBM	B	-2.77%
NOW	C	-2.66%
UNH	C	-2.26%
HD	B	-1.49%