NXTI vs. SPMO ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to PowerShares S&P 500 Momentum Portfolio (SPMO)

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

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.58

Average Daily Volume

717,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	SPMO
30 Days	5.73%	2.84%
60 Days	7.47%	5.10%
90 Days	10.93%	6.74%
12 Months		54.82%

33 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in SPMO	Overlap
AFL	B	0.24%	0.38%	0.24%
AIG	B	0.2%	0.33%	0.2%
AJG	B	0.25%	0.44%	0.25%
ALL	A	0.19%	0.46%	0.19%
AXP	A	0.77%	1.39%	0.77%
BRK.A	B	4.18%	6.07%	4.18%
BRO	B	0.12%	0.21%	0.12%
CL	D	0.55%	0.62%	0.55%
CTAS	B	0.55%	0.72%	0.55%
DECK	A	0.14%	0.17%	0.14%
ECL	D	0.35%	0.33%	0.33%
FICO	B	0.57%	0.57%	0.57%
GDDY	A	0.31%	0.31%	0.31%
GWW	B	0.31%	0.32%	0.31%
HIG	B	0.13%	0.38%	0.13%
IBM	C	2.28%	1.27%	1.27%
IT	C	0.24%	0.24%	0.24%
META	D	5.28%	6.24%	5.28%
MPC	D	0.33%	0.27%	0.27%
MSI	B	0.91%	0.67%	0.67%
NRG	B	0.17%	0.23%	0.17%
NTAP	C	0.29%	0.19%	0.19%
NWS	B	0.22%	0.02%	0.02%
PGR	A	0.56%	1.61%	0.56%
PH	A	0.39%	0.52%	0.39%
PRU	A	0.18%	0.33%	0.18%
STX	D	0.26%	0.15%	0.15%
TRGP	B	0.34%	0.47%	0.34%
TT	A	0.52%	0.85%	0.52%
VLTO	D	0.23%	0.21%	0.21%
VST	B	0.32%	0.59%	0.32%
WMB	A	0.59%	0.45%	0.45%
WMT	A	5.09%	2.39%	2.39%

NXTI Overweight 164 Positions Relative to SPMO

Symbol	Grade	Weight
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%
PANW	C	1.5%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
UBER	D	1.04%
DELL	C	1.03%
PEP	F	1.02%
PLTR	B	0.99%
SNPS	B	0.95%
SPOT	B	0.93%
HON	B	0.91%
PM	B	0.9%
BKNG	A	0.88%
CDNS	B	0.87%
NKE	D	0.82%
WDAY	B	0.81%
UPS	C	0.79%
FTNT	C	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%
LOW	D	0.59%
ABNB	C	0.58%
APP	B	0.54%
DDOG	A	0.54%
LRCX	F	0.53%
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%
NET	B	0.38%
KR	B	0.37%
SHW	A	0.36%
CI	F	0.36%
ELV	F	0.36%
HUBS	A	0.34%
EBAY	D	0.33%
ZS	C	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	B	0.32%
KMB	D	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	C	0.29%
CVS	D	0.29%
PINS	D	0.29%
EXEL	B	0.29%
IOT	A	0.28%
A	D	0.26%
BKR	B	0.25%
RDDT	B	0.24%
MDB	C	0.24%
SNAP	C	0.23%
VMC	B	0.23%
ZBRA	B	0.23%
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%
MANH	D	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	F	0.18%
FAST	B	0.18%
EL	F	0.18%
DOCU	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%
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%
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%
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 65 Positions Relative to SPMO

Symbol	Grade	Weight
NVDA	C	-10.2%
AMZN	C	-9.74%
AVGO	D	-5.46%
JPM	A	-5.38%
LLY	F	-5.19%
COST	B	-3.79%
GE	D	-2.09%
GS	A	-1.47%
KKR	A	-1.23%
T	A	-1.15%
AMGN	D	-1.04%
RTX	C	-1.01%
TMUS	B	-0.99%
TJX	A	-0.99%
BSX	B	-0.98%
ETN	A	-0.96%
ANET	C	-0.92%
C	A	-0.89%
CB	C	-0.84%
MCK	B	-0.81%
FI	A	-0.78%
VRTX	F	-0.77%
REGN	F	-0.72%
ICE	C	-0.65%
APH	A	-0.65%
CEG	D	-0.58%
WELL	A	-0.57%
TDG	D	-0.56%
GD	F	-0.55%
BK	A	-0.54%
KLAC	D	-0.53%
CMG	B	-0.47%
WM	A	-0.44%
HWM	A	-0.44%
HLT	A	-0.43%
OKE	A	-0.38%
IRM	D	-0.37%
URI	B	-0.36%
IR	B	-0.34%
RSG	A	-0.33%
KMI	A	-0.32%
AXON	A	-0.3%
PSX	C	-0.3%
GRMN	B	-0.29%
RCL	A	-0.28%
PEG	A	-0.27%
COR	B	-0.26%
FANG	D	-0.22%
WAB	B	-0.22%
LDOS	C	-0.21%
NDAQ	A	-0.21%
FITB	A	-0.2%
WTW	B	-0.2%
MLM	B	-0.19%
PHM	D	-0.18%
SYF	B	-0.17%
TYL	B	-0.16%
NVR	D	-0.15%
BR	A	-0.15%
PKG	A	-0.14%
CBOE	B	-0.13%
WRB	A	-0.12%
L	A	-0.11%
UHS	D	-0.09%
NWSA	B	-0.07%