IWP vs. NXTI ETF Comparison

Comparison of iShares Russell Midcap Growth ETF (IWP) to Simplify Next Intangible Core Index ETF (NXTI)

IWP

iShares Russell Midcap Growth ETF

IWP Description

The investment seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Midcap Growth Index (the "underlying index"), which measures the performance of the mid-capitalization growth sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$134.36

Average Daily Volume

1,023,862

Number of Holdings ^*

286

* 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

$30.42

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	IWP	NXTI
30 Days	12.16%	5.73%
60 Days	14.69%	7.47%
90 Days	17.57%	10.93%
12 Months	40.60%

74 Overlapping Holdings

Symbol	Grade	Weight in IWP	Weight in NXTI	Overlap
AJG	B	0.14%	0.25%	0.14%
ALGN	D	0.32%	0.47%	0.32%
ALL	A	0.26%	0.19%	0.19%
ALNY	D	0.86%	1.07%	0.86%
AMP	A	1.68%	0.22%	0.22%
APLS	D	0.09%	0.12%	0.09%
APP	B	2.49%	0.54%	0.54%
APPF	B	0.17%	0.1%	0.1%
AVY	D	0.2%	0.12%	0.12%
BAH	F	0.62%	0.15%	0.15%
BRO	B	0.38%	0.12%	0.12%
BURL	A	0.56%	0.14%	0.14%
CDW	F	0.39%	0.3%	0.3%
CLX	B	0.68%	0.13%	0.13%
CVNA	B	0.3%	0.19%	0.19%
DDOG	A	1.23%	0.54%	0.54%
DECK	A	0.87%	0.14%	0.14%
DKNG	B	0.59%	0.1%	0.1%
DOCU	A	0.52%	0.18%	0.18%
DT	C	0.5%	0.19%	0.19%
DUOL	A	0.37%	0.14%	0.14%
EXEL	B	0.27%	0.29%	0.27%
EXPD	D	0.09%	0.12%	0.09%
EXPE	B	0.75%	0.14%	0.14%
FAST	B	1.29%	0.18%	0.18%
FICO	B	1.48%	0.57%	0.57%
GDDY	A	0.84%	0.31%	0.31%
GTLB	B	0.23%	0.11%	0.11%
GWRE	A	0.23%	0.16%	0.16%
GWW	B	1.45%	0.31%	0.31%
HPQ	B	0.28%	0.45%	0.28%
HSY	F	0.11%	0.15%	0.11%
HUBS	A	1.08%	0.34%	0.34%
IDXX	F	1.13%	1.04%	1.04%
INCY	C	0.02%	0.46%	0.02%
INSP	D	0.17%	0.19%	0.17%
IONS	F	0.16%	0.22%	0.16%
IT	C	1.29%	0.24%	0.24%
ITCI	C	0.28%	0.29%	0.28%
LII	A	0.64%	0.11%	0.11%
LNW	D	0.27%	0.04%	0.04%
LYV	A	0.67%	0.15%	0.15%
MANH	D	0.54%	0.19%	0.19%
MDB	C	0.64%	0.24%	0.24%
NBIX	C	0.38%	0.4%	0.38%
NET	B	0.88%	0.38%	0.38%
NRG	B	0.26%	0.17%	0.17%
NTAP	C	0.35%	0.29%	0.29%
NTNX	A	0.16%	0.21%	0.16%
NTRA	B	0.54%	0.45%	0.45%
PAYX	C	0.54%	0.32%	0.32%
PCOR	B	0.24%	0.11%	0.11%
PEN	B	0.29%	0.32%	0.29%
PINS	D	0.55%	0.29%	0.29%
PLTR	B	4.32%	0.99%	0.99%
PSTG	D	0.42%	0.19%	0.19%
RARE	D	0.13%	0.15%	0.13%
ROL	B	0.45%	0.15%	0.15%
SRPT	D	0.31%	0.43%	0.31%
SYY	B	0.76%	0.16%	0.16%
TER	D	0.48%	0.12%	0.12%
TOST	B	0.59%	0.19%	0.19%
TRGP	B	1.4%	0.34%	0.34%
TSCO	D	0.97%	0.11%	0.11%
TW	A	0.19%	0.11%	0.11%
ULTA	F	0.49%	0.16%	0.16%
VLTO	D	0.37%	0.23%	0.23%
VMC	B	0.31%	0.23%	0.23%
VST	B	1.6%	0.32%	0.32%
WAT	B	0.42%	0.14%	0.14%
WING	D	0.3%	0.08%	0.08%
WSM	B	0.32%	0.14%	0.14%
ZBRA	B	0.14%	0.23%	0.14%
ZS	C	0.6%	0.33%	0.33%

IWP Overweight 212 Positions Relative to NXTI

Symbol	Grade	Weight
TTD	B	1.7%
COIN	C	1.65%
AXON	A	1.41%
VRT	B	1.41%
ODFL	B	1.38%
COR	B	1.3%
VRSK	A	1.3%
VEEV	C	1.03%
HLT	A	1.02%
ARES	A	1.0%
DXCM	D	0.99%
CPNG	D	0.93%
MPWR	F	0.88%
HES	B	0.86%
MSCI	C	0.86%
RBLX	C	0.85%
TPL	A	0.83%
CPAY	A	0.81%
LNG	B	0.81%
BR	A	0.8%
LPLA	A	0.76%
TYL	B	0.7%
SQ	B	0.64%
RCL	A	0.62%
IRM	D	0.62%
PODD	C	0.59%
CAH	B	0.56%
XPO	B	0.55%
LVS	C	0.55%
HEI	B	0.55%
FIX	A	0.51%
SPG	B	0.49%
ENTG	D	0.48%
PWR	A	0.47%
YUM	B	0.47%
PTC	A	0.45%
WST	C	0.45%
POOL	C	0.44%
URI	B	0.44%
TXRH	C	0.43%
EQH	B	0.41%
HEI	B	0.39%
NCLH	B	0.37%
OWL	A	0.37%
CAVA	B	0.35%
ROST	C	0.35%
MOH	F	0.35%
DRI	B	0.34%
KNSL	B	0.33%
CHDN	B	0.32%
MUSA	A	0.32%
TPX	B	0.3%
AAON	B	0.3%
EME	C	0.3%
SMCI	F	0.3%
RMD	C	0.3%
MORN	B	0.29%
PCTY	B	0.28%
ENPH	F	0.26%
MEDP	D	0.26%
SAIA	B	0.26%
DVA	B	0.26%
HAS	D	0.25%
EXP	A	0.25%
RYAN	B	0.24%
TREX	C	0.24%
SMAR	A	0.24%
ESTC	C	0.23%
PAYC	B	0.23%
CFLT	B	0.22%
GLOB	B	0.21%
ELF	C	0.21%
FDS	B	0.21%
BSY	D	0.21%
FWONK	B	0.2%
EFX	F	0.2%
LSCC	D	0.19%
WFRD	D	0.19%
FOUR	B	0.19%
VVV	F	0.18%
MTN	C	0.18%
LAZ	B	0.18%
MKL	A	0.17%
VKTX	F	0.17%
DPZ	C	0.17%
OKTA	C	0.17%
GNRC	B	0.17%
CNM	D	0.17%
LPX	B	0.16%
PLNT	A	0.15%
LYFT	C	0.15%
CELH	F	0.15%
AZEK	A	0.15%
PATH	C	0.15%
JLL	D	0.13%
OLED	D	0.13%
PEGA	A	0.13%
RPM	A	0.13%
IQV	D	0.13%
FND	C	0.13%
BRKR	D	0.12%
EXAS	D	0.12%
MASI	A	0.12%
JEF	A	0.12%
HCP	B	0.12%
FIVE	F	0.12%
ETSY	D	0.12%
TWLO	A	0.11%
MSTR	C	0.11%
CHH	A	0.11%
GEHC	F	0.11%
WMS	D	0.11%
LW	C	0.11%
RNG	B	0.1%
ROK	B	0.1%
LECO	B	0.1%
EG	C	0.09%
UHAL	D	0.09%
FERG	B	0.09%
CSL	C	0.09%
HWM	A	0.09%
LAMR	D	0.09%
FIVN	C	0.09%
TDC	D	0.09%
U	C	0.08%
SITE	D	0.08%
BWXT	B	0.08%
TTEK	F	0.08%
LBRDK	C	0.08%
CASY	A	0.08%
ONTO	D	0.07%
MLM	B	0.07%
BROS	B	0.07%
NCNO	B	0.07%
CE	F	0.07%
PR	B	0.07%
BILL	A	0.07%
CACC	D	0.07%
FRPT	B	0.07%
AWI	A	0.07%
SOFI	A	0.07%
CLF	F	0.06%
PFGC	B	0.06%
WSC	D	0.06%
BLDR	D	0.06%
AM	A	0.06%
DBX	B	0.06%
NXST	C	0.06%
CIVI	D	0.05%
VNOM	A	0.05%
LOPE	B	0.05%
WEN	D	0.05%
DV	C	0.05%
EQT	B	0.05%
HRB	D	0.05%
S	B	0.04%
JBL	B	0.04%
DAY	B	0.04%
TKO	B	0.04%
ROKU	D	0.04%
SN	D	0.04%
TPG	A	0.04%
ALLY	C	0.04%
LOAR	A	0.03%
EPAM	C	0.03%
CHE	D	0.03%
KMX	B	0.03%
HLI	B	0.03%
BLD	D	0.03%
BFAM	D	0.03%
RH	B	0.03%
TXG	F	0.03%
H	B	0.03%
YETI	C	0.03%
VRSN	F	0.03%
RGEN	D	0.03%
DKS	C	0.03%
DJT	C	0.03%
CROX	D	0.03%
TRU	D	0.03%
SPR	D	0.02%
MTDR	B	0.02%
SAM	C	0.02%
UI	A	0.02%
FWONA	B	0.02%
WH	B	0.02%
CAR	C	0.02%
KBR	F	0.02%
AAL	B	0.02%
WYNN	D	0.02%
SKX	D	0.02%
BPOP	B	0.02%
WEX	D	0.02%
SSD	D	0.02%
FTRE	D	0.01%
PPC	C	0.01%
CC	C	0.01%
UHAL	D	0.01%
SEE	C	0.01%
NFE	D	0.01%
IRDM	D	0.01%
MSGS	A	0.01%
LBRDA	C	0.01%
CGNX	C	0.01%
UWMC	D	0.01%
MKSI	C	0.01%
WU	D	0.01%
RLI	B	0.01%
DOCS	C	0.01%
ALAB	B	0.0%
TRIP	F	0.0%
PYCR	C	0.0%

IWP Underweight 123 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	C	-3.02%
ADBE	C	-2.94%
CSCO	B	-2.73%
NOW	A	-2.29%
IBM	C	-2.28%
UNH	C	-2.16%
INTU	C	-2.08%
HD	A	-1.6%
PANW	C	-1.5%
KO	D	-1.23%
UBER	D	-1.04%
DELL	C	-1.03%
PEP	F	-1.02%
SNPS	B	-0.95%
SPOT	B	-0.93%
MSI	B	-0.91%
HON	B	-0.91%
PM	B	-0.9%
BKNG	A	-0.88%
CDNS	B	-0.87%
NKE	D	-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	D	-0.59%
ABNB	C	-0.58%
PGR	A	-0.56%
CL	D	-0.55%
CTAS	B	-0.55%
LRCX	F	-0.53%
TT	A	-0.52%
EA	A	-0.5%
ORLY	B	-0.49%
ITW	B	-0.49%
CTSH	B	-0.47%
MMM	D	-0.47%
D	C	-0.46%
FDX	B	-0.44%
MMC	B	-0.43%
DASH	A	-0.42%
INSM	C	-0.39%
PH	A	-0.39%
KR	B	-0.37%
SHW	A	-0.36%
CI	F	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
MPC	D	-0.33%
EBAY	D	-0.33%
ED	D	-0.32%
KMB	D	-0.31%
CMI	A	-0.3%
HSIC	B	-0.3%
CVS	D	-0.29%
IOT	A	-0.28%
A	D	-0.26%
STX	D	-0.26%
BKR	B	-0.25%
AFL	B	-0.24%
RDDT	B	-0.24%
SNAP	C	-0.23%
NWS	B	-0.22%
MNST	C	-0.22%
TRV	B	-0.22%
MDGL	B	-0.2%
CYTK	F	-0.2%
BPMC	C	-0.2%
AIG	B	-0.2%
SMMT	D	-0.19%
BBIO	F	-0.18%
EL	F	-0.18%
PRU	A	-0.18%
DD	D	-0.18%
MTD	D	-0.18%
BBY	D	-0.18%
FFIV	B	-0.17%
KEYS	A	-0.17%
CACI	D	-0.16%
OTIS	C	-0.16%
JNPR	F	-0.16%
GIS	D	-0.16%
HUM	C	-0.15%
CORT	B	-0.15%
ILMN	D	-0.15%
CBRE	B	-0.15%
ALKS	B	-0.14%
NI	A	-0.14%
AXSM	B	-0.14%
XYL	D	-0.14%
ACGL	D	-0.14%
CNC	D	-0.13%
HIG	B	-0.13%
DOV	A	-0.12%
K	A	-0.12%
FOLD	F	-0.12%
MTCH	D	-0.12%
PPG	F	-0.12%
TGTX	B	-0.11%
IOVA	F	-0.11%
RL	B	-0.11%
NYT	C	-0.11%
AMED	F	-0.1%
ACI	C	-0.1%
TXT	D	-0.1%
GPC	D	-0.1%
DNLI	D	-0.1%
APTV	D	-0.1%
CHWY	B	-0.09%
DYN	F	-0.09%
RS	B	-0.09%
DLB	B	-0.04%