NXTI vs. FCPI ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Fidelity Stocks for Inflation ETF (FCPI)

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

FCPI

Fidelity Stocks for Inflation ETF

FCPI Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Stocks for Inflation Factor Index℠. The fund normally invests at least 80% of its assets in securities included in the Fidelity Stocks for Inflation Factor Index℠, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with attractive valuations, high quality profiles and positive momentum signals, emphasizing industries that tend to outperform in inflationary environments.

Grade (RS Rating)

Last Trade

$46.12

Average Daily Volume

22,278

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	FCPI
30 Days	5.73%	5.93%
60 Days	7.47%	6.96%
90 Days	10.93%	8.65%
12 Months		39.44%

26 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in FCPI	Overlap
ABNB	C	0.58%	0.32%	0.32%
AMAT	F	0.74%	0.38%	0.38%
AMP	A	0.22%	0.75%	0.22%
APP	B	0.54%	0.92%	0.54%
BKNG	A	0.88%	0.52%	0.52%
CI	F	0.36%	1.18%	0.36%
CL	D	0.55%	1.45%	0.55%
DELL	C	1.03%	0.29%	0.29%
DOCU	A	0.18%	0.31%	0.18%
EBAY	D	0.33%	0.32%	0.32%
ELV	F	0.36%	0.94%	0.36%
FICO	B	0.57%	0.37%	0.37%
GDDY	A	0.31%	0.3%	0.3%
HIG	B	0.13%	0.59%	0.13%
IBM	C	2.28%	0.51%	0.51%
KMB	D	0.31%	1.47%	0.31%
LRCX	F	0.53%	0.3%	0.3%
META	D	5.28%	0.96%	0.96%
MPC	D	0.33%	1.86%	0.33%
NRG	B	0.17%	2.51%	0.17%
NTAP	C	0.29%	0.23%	0.23%
PANW	C	1.5%	0.43%	0.43%
PGR	A	0.56%	0.78%	0.56%
PINS	D	0.29%	0.04%	0.04%
VST	B	0.32%	4.0%	0.32%
WSM	B	0.14%	0.35%	0.14%

NXTI Overweight 171 Positions Relative to FCPI

Symbol	Grade	Weight
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%
UNH	C	2.16%
INTU	C	2.08%
HD	A	1.6%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
UBER	D	1.04%
PEP	F	1.02%
PLTR	B	0.99%
SNPS	B	0.95%
SPOT	B	0.93%
MSI	B	0.91%
HON	B	0.91%
PM	B	0.9%
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%
ADSK	A	0.72%
TGT	F	0.67%
GEV	B	0.66%
TEAM	A	0.61%
WMB	A	0.59%
LOW	D	0.59%
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%
INCY	C	0.46%
D	C	0.46%
HPQ	B	0.45%
NTRA	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%
KR	B	0.37%
SHW	A	0.36%
ECL	D	0.35%
TRGP	B	0.34%
HUBS	A	0.34%
ZS	C	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	B	0.32%
GWW	B	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
EXEL	B	0.29%
IOT	A	0.28%
A	D	0.26%
STX	D	0.26%
BKR	B	0.25%
AJG	B	0.25%
IT	C	0.24%
AFL	B	0.24%
RDDT	B	0.24%
MDB	C	0.24%
SNAP	C	0.23%
VLTO	D	0.23%
VMC	B	0.23%
ZBRA	B	0.23%
NWS	B	0.22%
MNST	C	0.22%
TRV	B	0.22%
IONS	F	0.22%
NTNX	A	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
AIG	B	0.2%
MANH	D	0.19%
CVNA	B	0.19%
DT	C	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	D	0.18%
MTD	D	0.18%
BBY	D	0.18%
FFIV	B	0.17%
KEYS	A	0.17%
CACI	D	0.16%
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%
ILMN	D	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	B	0.14%
WAT	B	0.14%
DUOL	A	0.14%
EXPE	B	0.14%
BURL	A	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
ACGL	D	0.14%
CNC	D	0.13%
CLX	B	0.13%
DOV	A	0.12%
AVY	D	0.12%
EXPD	D	0.12%
K	A	0.12%
FOLD	F	0.12%
TER	D	0.12%
APLS	D	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%
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%
APTV	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 75 Positions Relative to FCPI

Symbol	Grade	Weight
NVDA	C	-5.6%
AAPL	C	-5.11%
MSFT	F	-4.79%
TPL	A	-3.42%
CF	B	-2.69%
STLD	B	-2.59%
NUE	C	-2.2%
PG	A	-2.18%
AM	A	-2.11%
BRBR	A	-2.07%
LLY	F	-2.02%
SPG	B	-2.02%
AMZN	C	-1.95%
VLO	C	-1.81%
MO	A	-1.75%
VICI	C	-1.73%
HST	C	-1.71%
ABBV	D	-1.45%
GOOGL	C	-1.45%
COKE	C	-1.42%
AVGO	D	-1.27%
UTHR	C	-1.19%
MCK	B	-1.17%
V	A	-1.13%
THC	D	-1.09%
HCA	F	-1.07%
RPRX	D	-0.98%
UHS	D	-0.97%
MEDP	D	-0.89%
REGN	F	-0.85%
COF	B	-0.72%
C	A	-0.7%
SYF	B	-0.7%
DFS	B	-0.69%
CAT	B	-0.63%
FIX	A	-0.61%
RNR	C	-0.6%
JXN	C	-0.6%
EME	C	-0.6%
CRBG	B	-0.57%
MLI	C	-0.55%
RGA	A	-0.54%
MTG	C	-0.52%
LDOS	C	-0.48%
CSL	C	-0.46%
OC	A	-0.45%
QCOM	F	-0.44%
BCC	B	-0.43%
CRWD	B	-0.42%
ANET	C	-0.36%
APH	A	-0.35%
MU	D	-0.35%
NFLX	A	-0.33%
TOL	B	-0.31%
ZM	B	-0.29%
PHM	D	-0.29%
KLAC	D	-0.28%
ANF	C	-0.27%
ATKR	C	-0.27%
HRB	D	-0.27%
NXPI	D	-0.26%
GEN	B	-0.25%
CVLT	B	-0.24%
ACIW	B	-0.24%
GAP	C	-0.24%
DBX	B	-0.23%
QLYS	C	-0.21%
DIS	B	-0.19%
ONTO	D	-0.19%
CRUS	D	-0.17%
SWKS	F	-0.17%
T	A	-0.16%
CMCSA	B	-0.16%
VZ	C	-0.16%
TMUS	B	-0.13%