IQSM vs. NXTI ETF Comparison

Comparison of IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM) to Simplify Next Intangible Core Index ETF (NXTI)

IQSM

IQ Candriam ESG U.S. Mid Cap Equity ETF

IQSM Description

IQ Candriam ESG U.S. Mid Cap Equity ETF is an exchange traded fund launched by New York Life Investment Management LLC. The fund is managed by IndexIQ Advisors LLC. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of mid-cap companies. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the IQ Candriam ESG U.S. Mid Cap Equity Index, by using full replication technique. IQ Candriam ESG U.S. Mid Cap Equity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$34.29

Average Daily Volume

13,747

Number of Holdings ^*

214

* 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

$30.14

Average Daily Volume

462

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	IQSM	NXTI
30 Days	4.29%	4.78%
60 Days	5.32%	6.89%
90 Days	6.64%	9.93%
12 Months	27.71%

20 Overlapping Holdings

Symbol	Grade	Weight in IQSM	Weight in NXTI	Overlap
BPMC	B	0.28%	0.2%	0.2%
BURL	B	0.84%	0.14%	0.14%
DLB	B	0.21%	0.04%	0.04%
DOCU	B	0.77%	0.18%	0.18%
DT	D	0.68%	0.19%	0.19%
EXEL	B	0.43%	0.29%	0.29%
FFIV	B	0.68%	0.17%	0.17%
GWRE	A	0.72%	0.16%	0.16%
HSIC	C	0.37%	0.3%	0.3%
INSM	C	0.54%	0.39%	0.39%
ITCI	C	0.41%	0.29%	0.29%
JNPR	D	0.58%	0.16%	0.16%
MANH	D	0.82%	0.19%	0.19%
NBIX	C	0.59%	0.4%	0.4%
NTNX	B	0.83%	0.21%	0.21%
NWS	A	0.11%	0.22%	0.11%
NYT	D	0.39%	0.11%	0.11%
PEN	B	0.41%	0.32%	0.32%
RL	C	0.41%	0.11%	0.11%
SRPT	F	0.46%	0.43%	0.43%

IQSM Overweight 194 Positions Relative to NXTI

Symbol	Grade	Weight
EME	A	1.12%
PKG	A	1.0%
YUMC	C	0.86%
KEY	B	0.85%
PNR	A	0.84%
RPM	A	0.83%
MAS	D	0.82%
OC	A	0.81%
XPO	B	0.81%
GEN	B	0.79%
KIM	A	0.78%
TOL	B	0.76%
TWLO	A	0.76%
EQH	C	0.75%
UTHR	C	0.75%
FIX	A	0.74%
FLEX	B	0.72%
USFD	A	0.72%
RGA	A	0.72%
GGG	B	0.71%
ACM	B	0.7%
SAIA	B	0.69%
EWBC	A	0.69%
SFM	A	0.68%
POOL	C	0.66%
EPAM	B	0.66%
UDR	B	0.65%
UNM	A	0.65%
RNR	C	0.64%
TPR	B	0.63%
CHRW	B	0.62%
CPT	B	0.61%
ELS	C	0.61%
JLL	D	0.6%
ITT	A	0.6%
AMH	C	0.6%
JKHY	D	0.6%
REG	A	0.59%
HST	C	0.59%
KMX	B	0.59%
NVT	B	0.58%
FTI	A	0.58%
ALB	B	0.57%
WPC	C	0.57%
PAYC	B	0.56%
RRX	B	0.55%
SJM	D	0.55%
DAY	B	0.55%
BLD	D	0.55%
BJ	A	0.55%
Z	A	0.55%
LW	C	0.55%
AIZ	A	0.54%
DKS	D	0.54%
CG	B	0.54%
NCLH	B	0.54%
TECH	F	0.54%
ATR	B	0.54%
SF	B	0.54%
NWSA	A	0.53%
IPG	D	0.53%
TTEK	F	0.52%
CTLT	C	0.51%
FND	D	0.51%
CUBE	C	0.51%
PRI	B	0.5%
WTRG	B	0.5%
CRL	D	0.48%
EHC	B	0.48%
LAD	A	0.48%
AYI	B	0.48%
OHI	C	0.47%
GL	C	0.47%
ALLY	C	0.47%
LKQ	F	0.47%
INGR	C	0.47%
MKTX	D	0.47%
WAL	B	0.47%
ARMK	B	0.46%
QGEN	D	0.46%
WCC	B	0.46%
PCVX	D	0.46%
GLOB	B	0.46%
DTM	A	0.46%
EXAS	D	0.45%
ORI	A	0.45%
BRBR	A	0.45%
FBIN	D	0.45%
FN	C	0.44%
DCI	B	0.44%
ROKU	D	0.44%
TFX	F	0.43%
PCTY	C	0.43%
REXR	F	0.43%
AXTA	B	0.43%
WMS	F	0.42%
SNX	D	0.42%
KNX	C	0.42%
AOS	F	0.42%
RVMD	C	0.42%
TTC	C	0.41%
BRX	A	0.41%
GPK	C	0.41%
MTZ	B	0.41%
CHE	D	0.4%
FRT	B	0.4%
PLNT	A	0.4%
MOS	F	0.4%
DVA	C	0.4%
X	B	0.39%
HAS	D	0.39%
HRB	D	0.39%
VOYA	B	0.39%
ONTO	F	0.38%
WH	B	0.37%
TREX	C	0.37%
MEDP	D	0.37%
RHI	C	0.37%
ADC	A	0.36%
JAZZ	B	0.36%
ESTC	C	0.36%
KEX	B	0.36%
AA	A	0.35%
OLED	F	0.35%
RIVN	F	0.35%
APG	B	0.35%
G	B	0.35%
MHK	D	0.35%
RGEN	D	0.35%
ANF	F	0.34%
GNTX	C	0.34%
WEX	D	0.34%
GTLS	A	0.34%
ALV	C	0.34%
BPOP	C	0.33%
BEN	C	0.33%
H	B	0.33%
CMC	B	0.33%
FR	D	0.33%
AGNC	C	0.33%
RYAN	A	0.33%
LSCC	D	0.33%
CGNX	D	0.33%
GXO	B	0.33%
MKSI	C	0.33%
DINO	D	0.32%
AZEK	A	0.32%
LSTR	D	0.32%
PARA	C	0.32%
FCN	F	0.32%
HLNE	B	0.32%
HALO	F	0.32%
FAF	A	0.31%
CFLT	B	0.31%
DAR	C	0.31%
STAG	D	0.31%
MTN	C	0.31%
AXS	A	0.31%
ARW	D	0.3%
WBA	F	0.3%
ESI	B	0.3%
NOV	C	0.3%
MSA	F	0.3%
LFUS	D	0.29%
PVH	C	0.28%
AGCO	D	0.28%
SUM	B	0.28%
STWD	C	0.28%
CHX	C	0.28%
WFRD	D	0.28%
CROX	D	0.28%
SIGI	C	0.28%
ETSY	D	0.28%
VKTX	F	0.27%
ALTR	B	0.27%
WTS	B	0.27%
CLF	F	0.26%
LEA	F	0.26%
CRUS	D	0.26%
PATH	C	0.26%
POST	C	0.25%
AM	A	0.24%
TKR	D	0.23%
FIVE	F	0.23%
ST	F	0.23%
IBP	D	0.23%
AN	C	0.21%
GAP	C	0.21%
ACHC	F	0.17%
ZG	A	0.16%
COTY	F	0.13%
CACC	D	0.13%
LEVI	F	0.08%
LCID	F	0.08%

IQSM Underweight 177 Positions Relative to NXTI

Symbol	Grade	Weight
META	D	-5.28%
WMT	A	-5.09%
BRK.A	B	-4.18%
XOM	B	-3.43%
MA	B	-3.02%
ADBE	C	-2.94%
CSCO	B	-2.73%
NOW	A	-2.29%
IBM	C	-2.28%
UNH	B	-2.16%
INTU	B	-2.08%
HD	B	-1.6%
PANW	B	-1.5%
KO	D	-1.23%
ALNY	D	-1.07%
IDXX	F	-1.04%
UBER	F	-1.04%
DELL	B	-1.03%
PEP	F	-1.02%
PLTR	B	-0.99%
SNPS	B	-0.95%
SPOT	B	-0.93%
MSI	B	-0.91%
HON	C	-0.91%
PM	B	-0.9%
BKNG	A	-0.88%
CDNS	B	-0.87%
NKE	F	-0.82%
WDAY	B	-0.81%
UPS	C	-0.79%
FTNT	C	-0.77%
AXP	A	-0.77%
BX	A	-0.77%
AMAT	F	-0.74%
ADSK	A	-0.72%
TGT	F	-0.67%
GEV	B	-0.66%
TEAM	A	-0.61%
WMB	A	-0.59%
LOW	C	-0.59%
ABNB	C	-0.58%
FICO	B	-0.57%
PGR	A	-0.56%
CL	D	-0.55%
CTAS	B	-0.55%
APP	B	-0.54%
DDOG	A	-0.54%
LRCX	F	-0.53%
TT	A	-0.52%
EA	A	-0.5%
ORLY	B	-0.49%
ITW	B	-0.49%
ALGN	D	-0.47%
CTSH	B	-0.47%
MMM	D	-0.47%
INCY	C	-0.46%
D	C	-0.46%
HPQ	B	-0.45%
NTRA	A	-0.45%
FDX	B	-0.44%
MMC	B	-0.43%
DASH	B	-0.42%
PH	A	-0.39%
NET	B	-0.38%
KR	B	-0.37%
SHW	B	-0.36%
CI	D	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
TRGP	A	-0.34%
HUBS	A	-0.34%
MPC	D	-0.33%
EBAY	D	-0.33%
ZS	B	-0.33%
ED	C	-0.32%
PAYX	B	-0.32%
VST	A	-0.32%
GDDY	A	-0.31%
KMB	C	-0.31%
GWW	B	-0.31%
CMI	A	-0.3%
CDW	F	-0.3%
CVS	D	-0.29%
NTAP	C	-0.29%
PINS	F	-0.29%
IOT	A	-0.28%
A	D	-0.26%
STX	C	-0.26%
BKR	A	-0.25%
AJG	A	-0.25%
IT	C	-0.24%
AFL	B	-0.24%
RDDT	A	-0.24%
MDB	B	-0.24%
SNAP	D	-0.23%
VLTO	C	-0.23%
VMC	B	-0.23%
ZBRA	B	-0.23%
AMP	A	-0.22%
MNST	C	-0.22%
TRV	B	-0.22%
IONS	F	-0.22%
MDGL	B	-0.2%
CYTK	F	-0.2%
AIG	B	-0.2%
CVNA	B	-0.19%
INSP	D	-0.19%
ALL	A	-0.19%
PSTG	D	-0.19%
SMMT	D	-0.19%
TOST	B	-0.19%
BBIO	F	-0.18%
FAST	B	-0.18%
EL	F	-0.18%
PRU	A	-0.18%
DD	C	-0.18%
MTD	F	-0.18%
BBY	D	-0.18%
NRG	B	-0.17%
KEYS	A	-0.17%
CACI	D	-0.16%
ULTA	F	-0.16%
OTIS	C	-0.16%
SYY	D	-0.16%
GIS	D	-0.16%
HUM	C	-0.15%
RARE	F	-0.15%
CORT	B	-0.15%
ILMN	C	-0.15%
HSY	F	-0.15%
ROL	B	-0.15%
BAH	F	-0.15%
CBRE	B	-0.15%
LYV	A	-0.15%
DECK	A	-0.14%
ALKS	C	-0.14%
WAT	C	-0.14%
DUOL	A	-0.14%
WSM	C	-0.14%
EXPE	B	-0.14%
NI	A	-0.14%
AXSM	B	-0.14%
XYL	D	-0.14%
ACGL	C	-0.14%
CNC	D	-0.13%
HIG	B	-0.13%
CLX	A	-0.13%
DOV	A	-0.12%
AVY	F	-0.12%
EXPD	C	-0.12%
K	A	-0.12%
FOLD	F	-0.12%
TER	F	-0.12%
APLS	F	-0.12%
MTCH	D	-0.12%
PPG	F	-0.12%
BRO	B	-0.12%
TW	A	-0.11%
GTLB	B	-0.11%
TGTX	B	-0.11%
IOVA	F	-0.11%
TSCO	D	-0.11%
LII	A	-0.11%
PCOR	B	-0.11%
DKNG	B	-0.1%
APPF	B	-0.1%
AMED	F	-0.1%
ACI	C	-0.1%
TXT	D	-0.1%
GPC	D	-0.1%
DNLI	D	-0.1%
APTV	F	-0.1%
CHWY	B	-0.09%
DYN	F	-0.09%
RS	B	-0.09%
WING	D	-0.08%
LNW	F	-0.04%