NXTI vs. TGRT ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Growth ETF (TGRT)

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

TGRT

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Growth ETF

TGRT Description

The fund will invest primarily in U.S. equity securities. The adviser uses a growth style of investing. Accordingly, the adviser looks for companies with an above-average rate of earnings, cash flow growth, and a lucrative niche in the economy that gives them the ability to sustain earnings momentum even during times of slow economic growth. The fund may purchase the stocks of companies of any size, but typically focuses on large-cap companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.63

Average Daily Volume

32,448

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	TGRT
30 Days	5.73%	3.41%
60 Days	7.47%	5.24%
90 Days	10.93%	6.43%
12 Months		36.54%

32 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in TGRT	Overlap
ADBE	C	2.94%	1.2%	1.2%
ADSK	A	0.72%	0.26%	0.26%
BKNG	A	0.88%	0.95%	0.88%
CDNS	B	0.87%	0.5%	0.5%
CI	F	0.36%	1.02%	0.36%
CTAS	B	0.55%	0.34%	0.34%
DKNG	B	0.1%	0.2%	0.1%
DT	C	0.19%	0.31%	0.19%
ELV	F	0.36%	0.19%	0.19%
FAST	B	0.18%	0.14%	0.14%
FICO	B	0.57%	0.68%	0.57%
HD	A	1.6%	0.95%	0.95%
HUBS	A	0.34%	0.35%	0.34%
INTU	C	2.08%	1.86%	1.86%
IOT	A	0.28%	0.27%	0.27%
LRCX	F	0.53%	0.27%	0.27%
MA	C	3.02%	2.6%	2.6%
META	D	5.28%	5.65%	5.28%
MMC	B	0.43%	0.28%	0.28%
NOW	A	2.29%	1.4%	1.4%
ORLY	B	0.49%	0.39%	0.39%
PANW	C	1.5%	0.27%	0.27%
PEP	F	1.02%	0.15%	0.15%
SHW	A	0.36%	0.16%	0.16%
SNPS	B	0.95%	0.44%	0.44%
SPOT	B	0.93%	0.41%	0.41%
TEAM	A	0.61%	0.33%	0.33%
TW	A	0.11%	0.67%	0.11%
UBER	D	1.04%	0.42%	0.42%
ULTA	F	0.16%	0.15%	0.15%
UNH	C	2.16%	1.76%	1.76%
WDAY	B	0.81%	0.19%	0.19%

NXTI Overweight 165 Positions Relative to TGRT

Symbol	Grade	Weight
WMT	A	5.09%
BRK.A	B	4.18%
XOM	B	3.43%
CSCO	B	2.73%
IBM	C	2.28%
KO	D	1.23%
ALNY	D	1.07%
IDXX	F	1.04%
DELL	C	1.03%
PLTR	B	0.99%
MSI	B	0.91%
HON	B	0.91%
PM	B	0.9%
NKE	D	0.82%
UPS	C	0.79%
FTNT	C	0.77%
AXP	A	0.77%
BX	A	0.77%
AMAT	F	0.74%
TGT	F	0.67%
GEV	B	0.66%
WMB	A	0.59%
LOW	D	0.59%
ABNB	C	0.58%
PGR	A	0.56%
CL	D	0.55%
APP	B	0.54%
DDOG	A	0.54%
TT	A	0.52%
EA	A	0.5%
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%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	B	0.37%
ECL	D	0.35%
TRGP	B	0.34%
MPC	D	0.33%
EBAY	D	0.33%
ZS	C	0.33%
ED	D	0.32%
PAYX	C	0.32%
PEN	B	0.32%
VST	B	0.32%
GDDY	A	0.31%
KMB	D	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%
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%
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%
CVNA	B	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%
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%
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%
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%
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%
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 59 Positions Relative to TGRT

Symbol	Grade	Weight
MSFT	F	-11.41%
NVDA	C	-10.21%
AAPL	C	-9.94%
AMZN	C	-6.46%
GOOGL	C	-5.82%
LLY	F	-2.85%
V	A	-2.13%
FI	A	-1.83%
ISRG	A	-1.59%
AVGO	D	-1.53%
NFLX	A	-1.35%
APH	A	-1.06%
SYK	C	-0.92%
TSLA	B	-0.92%
AMD	F	-0.88%
ROST	C	-0.81%
COST	B	-0.78%
IR	B	-0.75%
CMG	B	-0.74%
DHR	F	-0.74%
SHOP	B	-0.69%
HWM	A	-0.65%
CRM	B	-0.6%
EFX	F	-0.57%
MELI	D	-0.48%
ASML	F	-0.47%
HLT	A	-0.45%
TDG	D	-0.45%
ARGX	A	-0.41%
SBUX	A	-0.41%
CPNG	D	-0.41%
TMUS	B	-0.38%
BDX	F	-0.38%
ANET	C	-0.36%
TSM	B	-0.35%
SCHW	B	-0.34%
ADP	B	-0.34%
MCK	B	-0.33%
VRTX	F	-0.31%
LIN	D	-0.3%
QCOM	F	-0.3%
HCA	F	-0.29%
SLB	C	-0.29%
APO	B	-0.26%
ROP	B	-0.24%
ADI	D	-0.21%
ENTG	D	-0.19%
SPGI	C	-0.17%
LEGN	F	-0.16%
CBOE	B	-0.16%
REGN	F	-0.16%
ZTS	D	-0.15%
KLAC	D	-0.15%
DG	F	-0.15%
MPWR	F	-0.15%
WCN	A	-0.14%
BR	A	-0.14%
STZ	D	-0.1%
LULU	C	-0.08%