NXTI vs. IEDI ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to iShares Evolved U.S. Discretionary Spending ETF (IEDI)

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

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.57

Average Daily Volume

6,281

Number of Holdings ^*

176

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	IEDI
30 Days	5.73%	5.48%
60 Days	7.47%	5.47%
90 Days	10.93%	8.72%
12 Months		34.08%

46 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in IEDI	Overlap
ABNB	C	0.58%	0.48%	0.48%
ACI	C	0.1%	0.15%	0.1%
BBY	D	0.18%	0.36%	0.18%
BURL	A	0.14%	0.71%	0.14%
CL	D	0.55%	0.13%	0.13%
CLX	B	0.13%	0.07%	0.07%
CTAS	B	0.55%	0.61%	0.55%
CVNA	B	0.19%	0.45%	0.19%
DASH	A	0.42%	0.7%	0.42%
DECK	A	0.14%	0.51%	0.14%
DKNG	B	0.1%	0.4%	0.1%
DUOL	A	0.14%	0.11%	0.11%
EA	A	0.5%	0.06%	0.06%
EBAY	D	0.33%	0.23%	0.23%
EXPE	B	0.14%	0.24%	0.14%
FAST	B	0.18%	0.31%	0.18%
FDX	B	0.44%	0.11%	0.11%
GDDY	A	0.31%	0.14%	0.14%
GPC	D	0.1%	0.18%	0.1%
GWW	B	0.31%	0.09%	0.09%
HD	A	1.6%	12.26%	1.6%
HSIC	B	0.3%	0.08%	0.08%
INTU	C	2.08%	0.2%	0.2%
IT	C	0.24%	0.06%	0.06%
KR	B	0.37%	0.81%	0.37%
LNW	D	0.04%	0.07%	0.04%
LOW	D	0.59%	4.3%	0.59%
LYV	A	0.15%	0.24%	0.15%
META	D	5.28%	1.68%	1.68%
NKE	D	0.82%	1.1%	0.82%
NYT	C	0.11%	0.06%	0.06%
ORLY	B	0.49%	2.11%	0.49%
PINS	D	0.29%	0.15%	0.15%
RL	B	0.11%	0.12%	0.11%
ROL	B	0.15%	0.22%	0.15%
SNAP	C	0.23%	0.08%	0.08%
SYY	B	0.16%	0.35%	0.16%
TGT	F	0.67%	1.9%	0.67%
TOST	B	0.19%	0.2%	0.19%
TSCO	D	0.11%	0.89%	0.11%
UBER	D	1.04%	1.02%	1.02%
ULTA	F	0.16%	0.7%	0.16%
UPS	C	0.79%	0.19%	0.19%
WING	D	0.08%	0.39%	0.08%
WMT	A	5.09%	7.56%	5.09%
WSM	B	0.14%	0.51%	0.14%

NXTI Overweight 151 Positions Relative to IEDI

Symbol	Grade	Weight
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%
PANW	C	1.5%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
DELL	C	1.03%
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%
BKNG	A	0.88%
CDNS	B	0.87%
WDAY	B	0.81%
FTNT	C	0.77%
AXP	A	0.77%
BX	A	0.77%
AMAT	F	0.74%
ADSK	A	0.72%
GEV	B	0.66%
TEAM	A	0.61%
WMB	A	0.59%
FICO	B	0.57%
PGR	A	0.56%
APP	B	0.54%
DDOG	A	0.54%
LRCX	F	0.53%
TT	A	0.52%
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%
SRPT	D	0.43%
MMC	B	0.43%
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%
ZS	C	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	B	0.32%
VST	B	0.32%
KMB	D	0.31%
CMI	A	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
NTAP	C	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%
AFL	B	0.24%
RDDT	B	0.24%
MDB	C	0.24%
VLTO	D	0.23%
VMC	B	0.23%
ZBRA	B	0.23%
NWS	B	0.22%
AMP	A	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%
DT	C	0.19%
INSP	D	0.19%
ALL	A	0.19%
PSTG	D	0.19%
SMMT	D	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%
FFIV	B	0.17%
NRG	B	0.17%
KEYS	A	0.17%
CACI	D	0.16%
OTIS	C	0.16%
GWRE	A	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%
BAH	F	0.15%
CBRE	B	0.15%
ALKS	B	0.14%
WAT	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%
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%
LII	A	0.11%
PCOR	B	0.11%
APPF	B	0.1%
AMED	F	0.1%
TXT	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%

NXTI Underweight 130 Positions Relative to IEDI

Symbol	Grade	Weight
AMZN	C	-8.78%
COST	B	-8.55%
TJX	A	-4.58%
CMG	B	-2.85%
MCD	D	-1.93%
SBUX	A	-1.86%
ROST	C	-1.83%
HLT	A	-1.31%
MAR	B	-1.29%
AZO	C	-1.08%
DIS	B	-0.83%
YUM	B	-0.82%
DRI	B	-0.74%
V	A	-0.72%
NFLX	A	-0.69%
DG	F	-0.53%
RCL	A	-0.5%
CPRT	A	-0.48%
DPZ	C	-0.47%
FERG	B	-0.46%
DKS	C	-0.45%
TXRH	C	-0.45%
DLTR	F	-0.44%
SQ	B	-0.44%
CASY	A	-0.42%
PYPL	B	-0.4%
SFM	A	-0.38%
FND	C	-0.37%
STZ	D	-0.34%
CAVA	B	-0.32%
KMX	B	-0.31%
PLNT	A	-0.29%
BJ	A	-0.28%
TPR	B	-0.27%
USFD	A	-0.26%
PG	A	-0.24%
OLLI	D	-0.22%
PFGC	B	-0.2%
SCI	B	-0.2%
CHDN	B	-0.2%
LAD	A	-0.19%
BBWI	D	-0.19%
TSN	B	-0.18%
CCL	B	-0.18%
WH	B	-0.17%
TOL	B	-0.16%
FIVE	F	-0.16%
MUSA	A	-0.16%
RH	B	-0.16%
FRPT	B	-0.15%
HST	C	-0.15%
POOL	C	-0.15%
MTN	C	-0.15%
ARMK	B	-0.15%
GME	C	-0.15%
VFC	C	-0.14%
CZR	F	-0.14%
MGM	D	-0.14%
TPX	B	-0.14%
NCLH	B	-0.14%
GAP	C	-0.14%
SKX	D	-0.14%
H	B	-0.13%
HRB	D	-0.13%
TTWO	A	-0.13%
ELF	C	-0.13%
ANF	C	-0.13%
ASO	F	-0.12%
SHAK	C	-0.12%
BOOT	D	-0.12%
OMC	C	-0.12%
EAT	A	-0.12%
CROX	D	-0.12%
VVV	F	-0.11%
BYD	C	-0.11%
MKC	D	-0.11%
LUV	C	-0.11%
KTB	B	-0.11%
TKO	B	-0.1%
AN	C	-0.1%
ABG	B	-0.1%
CHH	A	-0.1%
Z	A	-0.1%
CHE	D	-0.1%
W	F	-0.1%
SIG	B	-0.1%
CPAY	A	-0.09%
RHP	B	-0.09%
MAS	D	-0.09%
AEO	F	-0.09%
M	D	-0.09%
SHOO	D	-0.09%
HOOD	B	-0.09%
SJM	D	-0.08%
JWN	C	-0.08%
ALK	C	-0.08%
BFAM	D	-0.08%
URBN	C	-0.08%
IPG	D	-0.08%
WEN	D	-0.08%
UAL	A	-0.08%
CBOE	B	-0.07%
BLD	D	-0.07%
FLO	D	-0.07%
AFRM	B	-0.07%
FUN	C	-0.07%
MSGS	A	-0.07%
AAP	C	-0.07%
UHAL	D	-0.07%
FCFS	F	-0.07%
KSS	F	-0.07%
SITE	D	-0.07%
LYFT	C	-0.07%
WBA	F	-0.06%
PZZA	D	-0.06%
CPRI	F	-0.06%
LANC	C	-0.06%
CNK	B	-0.06%
CAG	D	-0.06%
FL	F	-0.06%
FOUR	B	-0.06%
TNL	A	-0.06%
AAL	B	-0.06%
RHI	B	-0.06%
GEN	B	-0.06%
RRR	D	-0.06%
CRI	D	-0.05%
LAMR	D	-0.05%
HAS	D	-0.05%
LW	C	-0.05%