NXTI vs. CLSE ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Convergence Long/Short Equity ETF (CLSE)

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

CLSE

Convergence Long/Short Equity ETF

CLSE Description

The investment seeks long-term capital growth. The fund seeks to invest, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in long and short positions in equity securities of domestic companies. The adviser intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 50% to 100%. Under normal market conditions, the fund’s long positions may range from approximately 90% to 150% and its short positions may range from approximately 20% to 70%.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

66,024

Number of Holdings ^*

337

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	CLSE
30 Days	5.73%	4.69%
60 Days	7.47%	6.81%
90 Days	10.93%	9.38%
12 Months		39.93%

54 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in CLSE	Overlap
ABNB	C	0.58%	-0.34%	-0.34%
AJG	B	0.25%	-0.17%	-0.17%
ALL	A	0.19%	0.45%	0.19%
APLS	D	0.12%	-0.3%	-0.3%
APP	B	0.54%	2.25%	0.54%
APTV	D	0.1%	-0.32%	-0.32%
BAH	F	0.15%	0.18%	0.15%
BBIO	F	0.18%	-0.36%	-0.36%
BKNG	A	0.88%	0.44%	0.44%
CACI	D	0.16%	0.48%	0.16%
CDNS	B	0.87%	-0.46%	-0.46%
CNC	D	0.13%	0.31%	0.13%
CSCO	B	2.73%	-0.52%	-0.52%
CVNA	B	0.19%	1.85%	0.19%
CVS	D	0.29%	0.29%	0.29%
CYTK	F	0.2%	-0.3%	-0.3%
DELL	C	1.03%	-0.25%	-0.25%
DOCU	A	0.18%	1.37%	0.18%
DUOL	A	0.14%	0.45%	0.14%
EL	F	0.18%	-0.12%	-0.12%
EXPD	D	0.12%	0.14%	0.12%
EXPE	B	0.14%	0.61%	0.14%
FFIV	B	0.17%	0.6%	0.17%
GDDY	A	0.31%	1.42%	0.31%
GTLB	B	0.11%	-0.32%	-0.32%
HD	A	1.6%	1.13%	1.13%
HSY	F	0.15%	-0.24%	-0.24%
ILMN	D	0.15%	0.1%	0.1%
INCY	C	0.46%	0.07%	0.07%
INSP	D	0.19%	-0.34%	-0.34%
IONS	F	0.22%	-0.24%	-0.24%
KR	B	0.37%	0.17%	0.17%
LRCX	F	0.53%	0.0%	0.0%
LYV	A	0.15%	-0.3%	-0.3%
MDB	C	0.24%	-0.29%	-0.29%
MDGL	B	0.2%	-0.17%	-0.17%
META	D	5.28%	3.3%	3.3%
MNST	C	0.22%	-0.28%	-0.28%
NRG	B	0.17%	0.71%	0.17%
NTAP	C	0.29%	1.0%	0.29%
NTNX	A	0.21%	1.16%	0.21%
NTRA	B	0.45%	0.17%	0.17%
NWS	B	0.22%	-0.57%	-0.57%
PGR	A	0.56%	0.46%	0.46%
PINS	D	0.29%	-0.41%	-0.41%
PLTR	B	0.99%	1.02%	0.99%
PRU	A	0.18%	0.13%	0.13%
SNPS	B	0.95%	-0.44%	-0.44%
TEAM	A	0.61%	-0.27%	-0.27%
VMC	B	0.23%	-0.13%	-0.13%
VST	B	0.32%	0.55%	0.32%
WMT	A	5.09%	1.82%	1.82%
XYL	D	0.14%	-0.23%	-0.23%
ZBRA	B	0.23%	-0.34%	-0.34%

NXTI Overweight 143 Positions Relative to CLSE

Symbol	Grade	Weight
BRK.A	B	4.18%
XOM	B	3.43%
MA	C	3.02%
ADBE	C	2.94%
NOW	A	2.29%
IBM	C	2.28%
UNH	C	2.16%
INTU	C	2.08%
PANW	C	1.5%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
UBER	D	1.04%
PEP	F	1.02%
SPOT	B	0.93%
MSI	B	0.91%
HON	B	0.91%
PM	B	0.9%
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%
WMB	A	0.59%
LOW	D	0.59%
FICO	B	0.57%
CL	D	0.55%
CTAS	B	0.55%
DDOG	A	0.54%
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%
D	C	0.46%
HPQ	B	0.45%
FDX	B	0.44%
SRPT	D	0.43%
MMC	B	0.43%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
SHW	A	0.36%
CI	F	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	B	0.34%
HUBS	A	0.34%
MPC	D	0.33%
EBAY	D	0.33%
ZS	C	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	B	0.32%
KMB	D	0.31%
GWW	B	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
EXEL	B	0.29%
IOT	A	0.28%
A	D	0.26%
STX	D	0.26%
BKR	B	0.25%
IT	C	0.24%
AFL	B	0.24%
RDDT	B	0.24%
SNAP	C	0.23%
VLTO	D	0.23%
AMP	A	0.22%
TRV	B	0.22%
BPMC	C	0.2%
AIG	B	0.2%
MANH	D	0.19%
DT	C	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
FAST	B	0.18%
DD	D	0.18%
MTD	D	0.18%
BBY	D	0.18%
KEYS	A	0.17%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
SYY	B	0.16%
JNPR	F	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	D	0.15%
CORT	B	0.15%
ROL	B	0.15%
CBRE	B	0.15%
DECK	A	0.14%
ALKS	B	0.14%
WAT	B	0.14%
WSM	B	0.14%
BURL	A	0.14%
NI	A	0.14%
AXSM	B	0.14%
ACGL	D	0.14%
HIG	B	0.13%
CLX	B	0.13%
DOV	A	0.12%
AVY	D	0.12%
K	A	0.12%
FOLD	F	0.12%
TER	D	0.12%
MTCH	D	0.12%
PPG	F	0.12%
BRO	B	0.12%
TW	A	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	D	0.11%
NYT	C	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%
CHWY	B	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	D	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 283 Positions Relative to CLSE

Symbol	Grade	Weight
NVDA	C	-4.61%
GOOGL	C	-3.47%
AMZN	C	-2.53%
AVGO	D	-2.28%
MU	D	-2.13%
HPE	B	-1.92%
ANET	C	-1.83%
QCOM	F	-1.73%
IDCC	A	-1.51%
CVLT	B	-1.4%
PYPL	B	-1.33%
ORCL	B	-1.33%
ACIW	B	-1.3%
TSLA	B	-1.22%
JHG	A	-1.21%
SYF	B	-1.11%
BMY	B	-1.11%
NTRS	A	-1.08%
GILD	C	-1.07%
SNEX	B	-1.06%
LNG	B	-0.97%
SEIC	B	-0.95%
HALO	F	-0.9%
AMRX	C	-0.9%
BFH	B	-0.88%
GM	B	-0.87%
COR	B	-0.86%
CAH	B	-0.86%
PPC	C	-0.85%
GVA	A	-0.84%
MLI	C	-0.84%
CARG	C	-0.83%
AAPL	C	-0.83%
JNJ	D	-0.83%
BAC	A	-0.81%
PRIM	A	-0.8%
MO	A	-0.79%
NFLX	A	-0.79%
THC	D	-0.78%
FITB	A	-0.78%
DVA	B	-0.78%
IESC	B	-0.77%
CPNG	D	-0.77%
EME	C	-0.75%
WFC	A	-0.75%
CNX	A	-0.74%
FTI	A	-0.74%
UTHR	C	-0.73%
PNC	B	-0.72%
ABBV	D	-0.72%
RF	A	-0.72%
STRL	B	-0.71%
ZION	B	-0.71%
CMA	A	-0.71%
UHS	D	-0.7%
TMUS	B	-0.7%
CEIX	A	-0.7%
GEN	B	-0.68%
VRT	B	-0.68%
APH	A	-0.67%
UMBF	B	-0.66%
ALSN	B	-0.66%
MTZ	B	-0.66%
AVT	C	-0.66%
MWA	B	-0.65%
BLK	C	-0.65%
JPM	A	-0.64%
CHRW	C	-0.61%
TSN	B	-0.6%
FTDR	A	-0.58%
AMG	B	-0.58%
LDOS	C	-0.55%
RGA	A	-0.55%
GLW	B	-0.52%
MET	A	-0.52%
SLVM	B	-0.5%
GOOG	C	-0.49%
UI	A	-0.49%
EXP	A	-0.48%
PNW	B	-0.48%
AVA	A	-0.47%
UNP	C	-0.47%
PG	A	-0.45%
LPX	B	-0.43%
CTRE	D	-0.42%
SCCO	F	-0.41%
RMD	C	-0.4%
JXN	C	-0.39%
SR	A	-0.38%
R	B	-0.38%
SPG	B	-0.37%
CNA	B	-0.37%
CF	B	-0.37%
GRMN	B	-0.37%
OUT	A	-0.36%
EQR	B	-0.35%
CCL	B	-0.35%
CDP	C	-0.34%
RGLD	C	-0.32%
PTON	B	-0.31%
LAMR	D	-0.31%
J	F	-0.31%
MPWR	F	-0.3%
VLO	C	-0.29%
T	A	-0.29%
MDT	D	-0.29%
IIPR	D	-0.28%
APA	D	-0.25%
NVR	D	-0.24%
VRTX	F	-0.23%
MATX	C	-0.22%
NEM	D	-0.22%
TOL	B	-0.22%
EEFT	B	-0.22%
FLR	B	-0.21%
JLL	D	-0.2%
MUSA	A	-0.2%
ABM	B	-0.19%
BOX	B	-0.17%
JAZZ	B	-0.16%
FOXA	B	-0.14%
FN	D	-0.13%
VCTR	B	-0.12%
VCYT	B	-0.12%
CINF	A	-0.12%
CDE	D	-0.11%
AEIS	B	-0.07%
HQY	B	-0.07%
QQQ	B	-0.0%
LNTH	D	-0.0%
PENN	C	--0.05%
KNX	B	--0.06%
HGV	B	--0.06%
HUN	F	--0.07%
EXAS	D	--0.07%
RYN	D	--0.07%
COOP	B	--0.07%
CCS	D	--0.07%
BC	C	--0.08%
JOE	F	--0.08%
AES	F	--0.08%
FLYW	C	--0.08%
GNTX	C	--0.09%
JBLU	F	--0.09%
NSC	B	--0.1%
MCW	B	--0.1%
ABG	B	--0.1%
ATO	A	--0.1%
ACVA	B	--0.11%
ENPH	F	--0.11%
CGON	F	--0.11%
RBA	A	--0.12%
FL	F	--0.12%
PCH	D	--0.12%
DLR	B	--0.13%
EXR	D	--0.13%
STLD	B	--0.13%
AVAV	D	--0.13%
ALIT	C	--0.13%
MLM	B	--0.13%
BPOP	B	--0.14%
PYCR	C	--0.14%
DAY	B	--0.14%
REXR	F	--0.14%
ARWR	F	--0.14%
MKL	A	--0.14%
AA	B	--0.14%
EQIX	A	--0.14%
CZR	F	--0.15%
COLD	D	--0.15%
APD	A	--0.15%
GTLS	B	--0.15%
CRL	C	--0.15%
RNR	C	--0.15%
DRVN	B	--0.15%
NARI	C	--0.16%
FIVN	C	--0.16%
BHF	B	--0.16%
XPO	B	--0.16%
OSK	B	--0.16%
LGIH	D	--0.16%
DAR	C	--0.16%
ALB	C	--0.16%
UHAL	D	--0.16%
AGO	B	--0.16%
EW	C	--0.16%
SITE	D	--0.16%
SW	A	--0.17%
TEX	D	--0.17%
TREX	C	--0.17%
LKQ	D	--0.17%
MASI	A	--0.17%
KRG	B	--0.17%
ENOV	C	--0.18%
CHDN	B	--0.18%
UEC	B	--0.18%
EBC	B	--0.18%
AGCO	D	--0.18%
COTY	F	--0.18%
AL	B	--0.18%
CNH	C	--0.18%
BRKR	D	--0.18%
C	A	--0.19%
WAL	B	--0.19%
AIR	B	--0.19%
KNSL	B	--0.2%
SRE	A	--0.2%
GATX	A	--0.2%
BIRK	D	--0.2%
BE	B	--0.21%
AESI	B	--0.21%
NOG	A	--0.21%
WTM	A	--0.21%
PRCT	B	--0.22%
BANC	A	--0.22%
MTN	C	--0.22%
SAIA	B	--0.22%
SUM	B	--0.22%
EQT	B	--0.23%
PSA	D	--0.23%
WTRG	B	--0.24%
ELF	C	--0.24%
GPOR	B	--0.24%
CELH	F	--0.24%
LW	C	--0.25%
KEY	B	--0.25%
BILL	A	--0.26%
NEOG	F	--0.26%
AUR	C	--0.26%
AWK	D	--0.26%
VAL	D	--0.27%
FOUR	B	--0.27%
STNE	F	--0.27%
MSCI	C	--0.27%
PTEN	C	--0.27%
SOFI	A	--0.28%
ESTC	C	--0.29%
XP	F	--0.29%
MKTX	D	--0.29%
NDAQ	A	--0.3%
VVV	F	--0.33%
CCOI	B	--0.33%
LPLA	A	--0.34%
FCNCA	A	--0.35%
APO	B	--0.35%
AFRM	B	--0.35%
CACC	D	--0.36%
COHR	B	--0.36%
ZI	D	--0.36%
BEN	C	--0.36%
ON	D	--0.39%
DG	F	--0.4%
SATS	D	--0.4%
BA	F	--0.4%
RBLX	C	--0.41%
DLTR	F	--0.41%
U	C	--0.41%
RIVN	F	--0.42%
TTWO	A	--0.43%
WBD	C	--0.43%
ALGM	D	--0.45%
DV	C	--0.45%
CGNX	C	--0.45%
GE	D	--0.46%
MRNA	F	--0.47%
SMCI	F	--0.47%
RH	B	--0.47%
CFLT	B	--0.47%
CHTR	C	--0.48%
FND	C	--0.53%
BRZE	C	--0.56%
FIVE	F	--0.56%
WST	C	--0.59%
LITE	B	--0.6%
POOL	C	--0.61%
MCHP	D	--0.63%
DXCM	D	--0.63%
WDC	D	--0.65%
LSCC	D	--0.7%
ROP	B	--0.7%
TXN	C	--0.81%
INTC	D	--0.93%
FSLR	F	--1.26%