HELO vs. NXTV ETF Comparison

Comparison of JPMorgan Hedged Equity Laddered Overlay ETF (HELO) to Simplify Next Intangible Value Index ETF (NXTV)

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$62.66

Average Daily Volume

282,728

Number of Holdings ^*

161

* may have additional holdings in another (foreign) market

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values 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 an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values 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. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

Performance

Period	HELO	NXTV
30 Days	1.57%	5.48%
60 Days	3.39%	5.83%
90 Days	4.59%	10.13%
12 Months	20.91%

22 Overlapping Holdings

Symbol	Grade	Weight in HELO	Weight in NXTV	Overlap
BAX	D	0.06%	0.53%	0.06%
BBY	D	0.2%	0.91%	0.2%
BIIB	F	0.12%	0.78%	0.12%
C	A	0.3%	1.95%	0.3%
CMCSA	B	0.71%	5.48%	0.71%
EL	F	0.05%	0.74%	0.05%
EQT	B	0.06%	0.39%	0.06%
EXPE	B	0.29%	0.36%	0.29%
FDX	B	0.33%	1.15%	0.33%
HPE	B	0.18%	1.06%	0.18%
HUM	C	0.16%	0.55%	0.16%
LEN	D	0.14%	0.6%	0.14%
LKQ	D	0.02%	0.17%	0.02%
MET	A	0.3%	0.83%	0.3%
NUE	C	0.11%	0.67%	0.11%
PCG	A	0.5%	0.46%	0.46%
PFG	D	0.13%	0.29%	0.13%
PPG	F	0.21%	0.39%	0.21%
T	A	0.18%	5.05%	0.18%
TRV	B	0.34%	0.83%	0.34%
TXT	D	0.29%	0.26%	0.26%
WDC	D	0.18%	0.92%	0.18%

HELO Overweight 139 Positions Relative to NXTV

Symbol	Grade	Weight
NVDA	C	7.8%
MSFT	F	7.13%
AAPL	C	6.83%
AMZN	C	4.5%
META	D	2.9%
GOOGL	C	2.09%
MA	C	1.72%
UNH	C	1.62%
TSLA	B	1.58%
BRK.A	B	1.53%
V	A	1.49%
GOOG	C	1.46%
XOM	B	1.43%
BAC	A	1.26%
CRM	B	1.15%
ABBV	D	1.14%
LLY	F	1.07%
AVGO	D	1.02%
WFC	A	1.0%
LOW	D	0.99%
HON	B	0.98%
TT	A	0.96%
NOW	A	0.94%
TMO	F	0.89%
TXN	C	0.87%
SO	D	0.84%
NEE	D	0.83%
PEP	F	0.83%
LIN	D	0.82%
COP	C	0.81%
MCD	D	0.81%
SYK	C	0.76%
BKNG	A	0.75%
GS	A	0.75%
PGR	A	0.75%
NXPI	D	0.72%
ADI	D	0.72%
MDLZ	F	0.72%
BMY	B	0.68%
DE	A	0.68%
AZO	C	0.65%
KO	D	0.63%
HWM	A	0.62%
VRTX	F	0.6%
CME	A	0.59%
UBER	D	0.58%
MU	D	0.57%
TFC	A	0.56%
UPS	C	0.54%
COST	B	0.53%
BSX	B	0.52%
TDG	D	0.52%
FIS	C	0.52%
INTU	C	0.51%
CMG	B	0.51%
JNJ	D	0.51%
PLD	D	0.5%
OTIS	C	0.5%
YUM	B	0.5%
CTSH	B	0.49%
FITB	A	0.48%
CPAY	A	0.47%
EOG	A	0.47%
CARR	D	0.46%
MDT	D	0.46%
REGN	F	0.45%
AMD	F	0.45%
DHR	F	0.44%
AON	A	0.44%
ROST	C	0.44%
SCHW	B	0.42%
STX	D	0.41%
CSX	B	0.41%
LDOS	C	0.39%
DLR	B	0.39%
VTR	C	0.39%
ETN	A	0.38%
LRCX	F	0.37%
ORCL	B	0.36%
HLT	A	0.36%
DOW	F	0.35%
RCL	A	0.34%
CI	F	0.34%
USB	A	0.33%
PM	B	0.32%
MNST	C	0.32%
SBAC	D	0.31%
FANG	D	0.31%
DIS	B	0.31%
CHD	B	0.3%
WELL	A	0.27%
KVUE	A	0.26%
CHTR	C	0.25%
BKR	B	0.24%
BURL	A	0.24%
MRK	F	0.24%
LYB	F	0.23%
IR	B	0.23%
DAL	C	0.23%
MAS	D	0.23%
ACN	C	0.21%
AXP	A	0.21%
AMP	A	0.2%
KKR	A	0.2%
ABT	B	0.19%
ELS	C	0.19%
CVX	A	0.18%
PCAR	B	0.18%
ADBE	C	0.18%
MSI	B	0.17%
NOC	D	0.17%
CDNS	B	0.17%
UNP	C	0.17%
TMUS	B	0.17%
MCK	B	0.16%
MLM	B	0.16%
MO	A	0.15%
ANET	C	0.15%
PG	A	0.14%
MMC	B	0.14%
TGT	F	0.14%
SQ	B	0.14%
URI	B	0.13%
LULU	C	0.13%
FICO	B	0.12%
HCA	F	0.11%
DASH	A	0.11%
VST	B	0.1%
CMS	C	0.1%
APTV	D	0.1%
WMG	C	0.1%
NBIX	C	0.08%
EQIX	A	0.07%
SIRI	C	0.07%
MRVL	B	0.06%
AME	A	0.06%
NRG	B	0.04%
BMRN	D	0.03%
SRPT	D	0.03%

HELO Underweight 172 Positions Relative to NXTV

Symbol	Grade	Weight
VZ	C	-4.68%
PFE	D	-4.63%
INTC	D	-3.52%
DELL	C	-3.41%
KR	B	-1.77%
HPQ	B	-1.47%
EBAY	D	-1.1%
CVS	D	-1.08%
GM	B	-1.04%
NTAP	C	-0.98%
COF	B	-0.96%
ZM	B	-0.96%
GFS	C	-0.91%
VICI	C	-0.85%
FOXA	B	-0.83%
DG	F	-0.76%
SNAP	C	-0.75%
AIG	B	-0.75%
ALL	A	-0.74%
NWS	B	-0.72%
F	C	-0.72%
FCNCA	A	-0.71%
DD	D	-0.69%
PRU	A	-0.67%
ZBH	C	-0.64%
KHC	F	-0.62%
CTVA	C	-0.62%
DLTR	F	-0.61%
ILMN	D	-0.58%
SYY	B	-0.57%
MRNA	F	-0.57%
TWLO	A	-0.55%
JNPR	F	-0.54%
CACI	D	-0.53%
SRE	A	-0.53%
D	C	-0.5%
ACI	C	-0.49%
TPR	B	-0.48%
CNC	D	-0.48%
IP	B	-0.47%
LBRDK	C	-0.46%
CCL	B	-0.45%
CTRA	B	-0.45%
ALB	C	-0.43%
SNX	C	-0.42%
VTRS	A	-0.42%
INCY	C	-0.41%
ADM	D	-0.4%
UAL	A	-0.39%
MRO	B	-0.39%
RS	B	-0.38%
EXC	C	-0.38%
FYBR	D	-0.37%
GAP	C	-0.37%
CIEN	B	-0.36%
ED	D	-0.36%
SOLV	C	-0.35%
FLEX	A	-0.35%
WRB	A	-0.34%
DBX	B	-0.34%
LUV	C	-0.34%
MKL	A	-0.34%
SYF	B	-0.34%
CINF	A	-0.33%
ETR	B	-0.32%
TSN	B	-0.32%
PATH	C	-0.31%
LEVI	F	-0.3%
CFG	B	-0.3%
FTI	A	-0.3%
CRBG	B	-0.29%
BILL	A	-0.29%
PEGA	A	-0.29%
GPC	D	-0.28%
ARE	D	-0.28%
SWK	D	-0.28%
EXEL	B	-0.27%
OVV	B	-0.27%
HSIC	B	-0.27%
L	A	-0.27%
U	C	-0.27%
DDS	B	-0.27%
AMKR	D	-0.26%
BIO	D	-0.26%
EG	C	-0.24%
BLDR	D	-0.24%
PPL	B	-0.24%
FNF	B	-0.24%
WCC	B	-0.23%
VFC	C	-0.23%
NSIT	F	-0.23%
LUMN	C	-0.23%
SATS	D	-0.23%
PFGC	B	-0.22%
RGA	A	-0.22%
USM	B	-0.22%
SNA	A	-0.22%
EQH	B	-0.22%
AIT	A	-0.22%
KD	B	-0.22%
CNH	C	-0.21%
RPM	A	-0.21%
CPB	D	-0.21%
W	F	-0.21%
ROKU	D	-0.21%
RNR	C	-0.21%
M	D	-0.2%
JEF	A	-0.2%
JLL	D	-0.2%
ELAN	D	-0.2%
CLVT	F	-0.2%
CNA	B	-0.2%
ALLY	C	-0.2%
KMX	B	-0.2%
JAZZ	B	-0.2%
COTY	F	-0.19%
RIVN	F	-0.19%
PAG	B	-0.19%
AR	B	-0.19%
RHI	B	-0.18%
UPST	B	-0.18%
BG	F	-0.18%
UNM	A	-0.18%
AA	B	-0.18%
TOL	B	-0.18%
DINO	D	-0.18%
COKE	C	-0.17%
ARW	D	-0.17%
AEO	F	-0.17%
IAC	D	-0.17%
JWN	C	-0.17%
TAP	C	-0.17%
ADTN	A	-0.17%
FLS	B	-0.17%
SIG	B	-0.16%
AIZ	A	-0.16%
ALIT	C	-0.16%
BWA	D	-0.16%
NI	A	-0.16%
NOV	C	-0.16%
PVH	C	-0.16%
WHR	B	-0.16%
ZI	D	-0.16%
BEN	C	-0.16%
WFRD	D	-0.15%
X	C	-0.15%
CLF	F	-0.15%
LAD	A	-0.15%
GL	B	-0.15%
DXC	B	-0.15%
URBN	C	-0.15%
ASO	F	-0.15%
FRSH	C	-0.15%
SANM	B	-0.15%
XRAY	F	-0.14%
SLAB	D	-0.14%
EVRG	A	-0.14%
ORI	A	-0.14%
AGR	B	-0.14%
FHN	A	-0.14%
CIVI	D	-0.13%
INGR	B	-0.13%
CXT	B	-0.13%
WBD	C	-0.13%
SON	D	-0.13%
MUR	D	-0.12%
ALKS	B	-0.12%
CPRI	F	-0.1%
LCID	F	-0.09%
MGM	D	-0.08%
BYD	C	-0.05%
DLB	B	-0.05%