NXTI vs. FDLO ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to Fidelity Low Volatility Factor ETF (FDLO)

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

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.98

Average Daily Volume

74,193

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	FDLO
30 Days	5.73%	0.81%
60 Days	7.47%	1.49%
90 Days	10.93%	4.05%
12 Months		21.68%

37 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in FDLO	Overlap
AJG	B	0.25%	0.61%	0.25%
AVY	D	0.12%	0.14%	0.12%
BAH	F	0.15%	0.43%	0.15%
BRK.A	B	4.18%	2.13%	2.13%
CL	D	0.55%	0.35%	0.35%
CSCO	B	2.73%	1.77%	1.77%
EA	A	0.5%	0.72%	0.5%
ECL	D	0.35%	0.24%	0.24%
ED	D	0.32%	0.25%	0.25%
FAST	B	0.18%	0.54%	0.18%
GIS	D	0.16%	0.28%	0.16%
HD	A	1.6%	1.19%	1.19%
HON	B	0.91%	0.7%	0.7%
HSY	F	0.15%	0.24%	0.15%
IBM	C	2.28%	1.54%	1.54%
ITW	B	0.49%	0.56%	0.49%
KMB	D	0.31%	0.3%	0.3%
KO	D	1.23%	0.66%	0.66%
LOW	D	0.59%	0.71%	0.59%
MA	C	3.02%	1.34%	1.34%
MMC	B	0.43%	0.67%	0.43%
MSI	B	0.91%	1.49%	0.91%
NKE	D	0.82%	0.56%	0.56%
ORLY	B	0.49%	0.53%	0.49%
OTIS	C	0.16%	0.47%	0.16%
PAYX	C	0.32%	0.51%	0.32%
PEP	F	1.02%	0.62%	0.62%
PGR	A	0.56%	0.84%	0.56%
PM	B	0.9%	0.62%	0.62%
SHW	A	0.36%	0.3%	0.3%
TRV	B	0.22%	0.69%	0.22%
TSCO	D	0.11%	0.46%	0.11%
UNH	C	2.16%	1.55%	1.55%
VMC	B	0.23%	0.2%	0.2%
WMB	A	0.59%	0.34%	0.34%
WMT	A	5.09%	0.95%	0.95%
XOM	B	3.43%	1.17%	1.17%

NXTI Overweight 160 Positions Relative to FDLO

Symbol	Grade	Weight
META	D	5.28%
ADBE	C	2.94%
NOW	A	2.29%
INTU	C	2.08%
PANW	C	1.5%
ALNY	D	1.07%
IDXX	F	1.04%
UBER	D	1.04%
DELL	C	1.03%
PLTR	B	0.99%
SNPS	B	0.95%
SPOT	B	0.93%
BKNG	A	0.88%
CDNS	B	0.87%
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%
ABNB	C	0.58%
FICO	B	0.57%
CTAS	B	0.55%
APP	B	0.54%
DDOG	A	0.54%
LRCX	F	0.53%
TT	A	0.52%
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%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	B	0.37%
CI	F	0.36%
ELV	F	0.36%
TRGP	B	0.34%
HUBS	A	0.34%
MPC	D	0.33%
EBAY	D	0.33%
ZS	C	0.33%
PEN	B	0.32%
VST	B	0.32%
GDDY	A	0.31%
GWW	B	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
NTAP	C	0.29%
PINS	D	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%
MDB	C	0.24%
SNAP	C	0.23%
VLTO	D	0.23%
ZBRA	B	0.23%
NWS	B	0.22%
AMP	A	0.22%
MNST	C	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%
EL	F	0.18%
PRU	A	0.18%
DOCU	A	0.18%
DD	D	0.18%
MTD	D	0.18%
BBY	D	0.18%
FFIV	B	0.17%
NRG	B	0.17%
KEYS	A	0.17%
CACI	D	0.16%
ULTA	F	0.16%
GWRE	A	0.16%
SYY	B	0.16%
JNPR	F	0.16%
HUM	C	0.15%
RARE	D	0.15%
CORT	B	0.15%
ILMN	D	0.15%
ROL	B	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%
WSM	B	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%
HIG	B	0.13%
CLX	B	0.13%
DOV	A	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%
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 88 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.26%
MSFT	F	-6.93%
GOOGL	C	-4.12%
AMZN	C	-3.92%
ORCL	B	-2.01%
JPM	A	-1.89%
ACN	C	-1.6%
LLY	F	-1.57%
TXN	C	-1.48%
V	A	-1.47%
ROP	B	-1.21%
TYL	B	-1.19%
JNJ	D	-1.18%
VRSN	F	-1.08%
DOX	D	-1.08%
AKAM	D	-1.03%
PG	A	-0.99%
T	A	-0.99%
ABBV	D	-0.98%
TMUS	B	-0.97%
CMCSA	B	-0.95%
VZ	C	-0.93%
ABT	B	-0.9%
MRK	F	-0.88%
MCD	D	-0.8%
TMO	F	-0.78%
CB	C	-0.72%
ETN	A	-0.72%
AMGN	D	-0.71%
SBUX	A	-0.7%
VRTX	F	-0.69%
CVX	A	-0.69%
CME	A	-0.69%
ADP	B	-0.66%
TJX	A	-0.65%
UNP	C	-0.63%
AIZ	A	-0.61%
BDX	F	-0.6%
FDS	B	-0.59%
LMT	D	-0.58%
WRB	A	-0.56%
WM	A	-0.55%
CBOE	B	-0.55%
LIN	D	-0.53%
JKHY	D	-0.51%
GRMN	B	-0.51%
REGN	F	-0.5%
NOC	D	-0.5%
GD	F	-0.49%
LHX	C	-0.49%
AZO	C	-0.47%
RSG	A	-0.47%
ERIE	D	-0.45%
COP	C	-0.41%
J	F	-0.39%
SO	D	-0.37%
MDLZ	F	-0.37%
DUK	C	-0.35%
FCN	D	-0.34%
EOG	A	-0.32%
EQIX	A	-0.31%
XEL	A	-0.3%
KMI	A	-0.3%
HII	D	-0.29%
AMT	D	-0.29%
LNG	B	-0.28%
AEP	D	-0.28%
WEC	A	-0.27%
APD	A	-0.27%
AEE	A	-0.26%
DLR	B	-0.26%
PSA	D	-0.25%
CMS	C	-0.24%
DTM	B	-0.23%
O	D	-0.22%
CCI	D	-0.21%
CTVA	C	-0.2%
PKG	A	-0.19%
MLM	B	-0.19%
CTRA	B	-0.19%
CSGP	D	-0.18%
MAA	B	-0.18%
EQR	B	-0.18%
ADC	B	-0.16%
AMH	D	-0.16%
ELS	C	-0.16%
ATR	B	-0.16%
AMCR	D	-0.15%