NXTI vs. MTUM ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to iShares MSCI USA Momentum Factor ETF (MTUM)

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

$30.57

Average Daily Volume

460

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$215.58

Average Daily Volume

848,053

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	MTUM
30 Days	7.37%	4.24%
60 Days	7.78%	5.49%
90 Days	11.36%	9.25%
12 Months		42.64%

34 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in MTUM	Overlap
ACGL	D	0.14%	0.35%	0.14%
AFL	B	0.24%	0.78%	0.24%
AJG	A	0.25%	0.59%	0.25%
ALL	B	0.19%	0.41%	0.19%
ALNY	D	1.07%	0.3%	0.3%
APP	B	0.54%	0.74%	0.54%
AXP	A	0.77%	1.53%	0.77%
BRO	B	0.12%	0.27%	0.12%
CBRE	B	0.15%	0.34%	0.15%
CL	D	0.55%	0.79%	0.55%
CTAS	B	0.55%	0.91%	0.55%
DELL	C	1.03%	0.49%	0.49%
DOV	A	0.12%	0.22%	0.12%
EBAY	C	0.33%	0.25%	0.25%
FICO	B	0.57%	0.6%	0.57%
GDDY	B	0.31%	0.34%	0.31%
HIG	B	0.13%	0.46%	0.13%
K	A	0.12%	0.29%	0.12%
KO	D	1.23%	2.71%	1.23%
LII	A	0.11%	0.24%	0.11%
MMM	D	0.47%	1.21%	0.47%
MSI	C	0.91%	1.0%	0.91%
NI	A	0.14%	0.09%	0.09%
NRG	C	0.17%	0.27%	0.17%
NTAP	C	0.29%	0.31%	0.29%
PGR	A	0.56%	1.88%	0.56%
PLTR	B	0.99%	1.02%	0.99%
PM	B	0.9%	2.93%	0.9%
TRGP	B	0.34%	0.61%	0.34%
TT	B	0.52%	1.13%	0.52%
VLTO	C	0.23%	0.31%	0.23%
VST	B	0.32%	0.82%	0.32%
WMB	B	0.59%	0.63%	0.59%
WMT	B	5.09%	4.93%	4.93%

NXTI Overweight 163 Positions Relative to MTUM

Symbol	Grade	Weight
META	D	5.28%
BRK.A	B	4.18%
XOM	C	3.43%
MA	B	3.02%
ADBE	C	2.94%
CSCO	A	2.73%
NOW	B	2.29%
IBM	C	2.28%
UNH	B	2.16%
INTU	C	2.08%
HD	A	1.6%
PANW	C	1.5%
IDXX	F	1.04%
UBER	D	1.04%
PEP	F	1.02%
SNPS	B	0.95%
SPOT	B	0.93%
HON	B	0.91%
BKNG	B	0.88%
CDNS	B	0.87%
NKE	F	0.82%
WDAY	C	0.81%
UPS	C	0.79%
FTNT	C	0.77%
BX	B	0.77%
AMAT	F	0.74%
ADSK	B	0.72%
TGT	F	0.67%
GEV	C	0.66%
TEAM	B	0.61%
LOW	C	0.59%
ABNB	C	0.58%
DDOG	A	0.54%
LRCX	F	0.53%
EA	C	0.5%
ORLY	B	0.49%
ITW	A	0.49%
ALGN	D	0.47%
CTSH	B	0.47%
INCY	C	0.46%
D	C	0.46%
HPQ	B	0.45%
NTRA	B	0.45%
FDX	B	0.44%
SRPT	F	0.43%
MMC	A	0.43%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	A	0.37%
SHW	A	0.36%
CI	D	0.36%
ELV	F	0.36%
ECL	D	0.35%
HUBS	B	0.34%
MPC	F	0.33%
ZS	C	0.33%
ED	D	0.32%
PAYX	B	0.32%
PEN	C	0.32%
KMB	C	0.31%
GWW	A	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
PINS	F	0.29%
EXEL	A	0.29%
IOT	B	0.28%
A	D	0.26%
STX	D	0.26%
BKR	C	0.25%
IT	C	0.24%
RDDT	B	0.24%
MDB	C	0.24%
SNAP	C	0.23%
VMC	B	0.23%
ZBRA	A	0.23%
NWS	B	0.22%
AMP	B	0.22%
MNST	B	0.22%
TRV	B	0.22%
IONS	F	0.22%
NTNX	B	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
AIG	B	0.2%
MANH	C	0.19%
CVNA	B	0.19%
DT	C	0.19%
INSP	D	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	D	0.18%
FAST	B	0.18%
EL	F	0.18%
PRU	A	0.18%
DOCU	A	0.18%
DD	D	0.18%
MTD	F	0.18%
BBY	D	0.18%
FFIV	A	0.17%
KEYS	B	0.17%
CACI	D	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	B	0.16%
SYY	C	0.16%
JNPR	F	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	F	0.15%
CORT	B	0.15%
ILMN	C	0.15%
HSY	F	0.15%
ROL	B	0.15%
BAH	F	0.15%
LYV	A	0.15%
DECK	A	0.14%
ALKS	B	0.14%
WAT	B	0.14%
DUOL	B	0.14%
WSM	B	0.14%
EXPE	B	0.14%
BURL	B	0.14%
AXSM	B	0.14%
XYL	D	0.14%
CNC	F	0.13%
CLX	C	0.13%
AVY	D	0.12%
EXPD	C	0.12%
FOLD	F	0.12%
TER	F	0.12%
APLS	D	0.12%
MTCH	F	0.12%
PPG	D	0.12%
TW	B	0.11%
GTLB	C	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	C	0.11%
NYT	C	0.11%
PCOR	B	0.11%
DKNG	C	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	F	0.1%
CHWY	C	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	F	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 90 Positions Relative to MTUM

Symbol	Grade	Weight
JPM	B	-5.48%
NVDA	C	-5.34%
AVGO	D	-4.72%
LLY	F	-3.82%
COST	B	-3.63%
GE	D	-2.96%
NEE	D	-2.24%
RTX	D	-2.19%
GS	B	-2.0%
TXN	D	-1.86%
ISRG	C	-1.54%
LMT	D	-1.37%
KKR	B	-1.3%
BSX	C	-1.25%
MO	A	-1.19%
ANET	C	-1.17%
SO	D	-1.15%
CEG	D	-1.12%
TJX	A	-1.09%
C	A	-1.08%
APH	B	-0.97%
VRTX	D	-0.95%
FI	A	-0.9%
CB	D	-0.9%
MSTR	C	-0.89%
DUK	C	-0.88%
WELL	C	-0.84%
KLAC	F	-0.8%
NEM	F	-0.79%
HWM	B	-0.73%
ICE	D	-0.72%
TDG	D	-0.7%
MCO	A	-0.7%
VRT	B	-0.63%
PEG	A	-0.5%
BK	A	-0.48%
IRM	C	-0.48%
PWR	A	-0.43%
GRMN	A	-0.42%
AEP	D	-0.4%
EME	B	-0.38%
DFS	B	-0.38%
DHI	D	-0.37%
RSG	A	-0.36%
TPL	B	-0.33%
WAB	B	-0.33%
AXON	B	-0.32%
VTR	D	-0.31%
PHM	C	-0.31%
KDP	D	-0.3%
AVB	B	-0.29%
RMD	C	-0.29%
NDAQ	A	-0.28%
LEN	C	-0.28%
EIX	A	-0.26%
FITB	B	-0.25%
LDOS	D	-0.24%
MPWR	F	-0.24%
TYL	A	-0.23%
CSL	B	-0.23%
NVR	D	-0.23%
SW	B	-0.22%
SYF	A	-0.22%
EQR	B	-0.17%
PKG	B	-0.16%
IFF	D	-0.16%
HEI	B	-0.16%
ESS	B	-0.15%
IP	B	-0.15%
HOOD	B	-0.15%
UTHR	C	-0.15%
ERIE	D	-0.13%
HEI	B	-0.12%
MAA	B	-0.12%
UHS	D	-0.11%
CFG	B	-0.11%
DKS	C	-0.1%
DGX	B	-0.09%
FNF	B	-0.08%
AMCR	D	-0.08%
DOC	C	-0.08%
FOXA	C	-0.07%
CPT	B	-0.07%
FOX	B	-0.07%
DVA	B	-0.07%
CHRW	C	-0.06%
ALLY	C	-0.06%
UDR	B	-0.05%
LNT	A	-0.05%
EQH	B	-0.03%