NXTV vs. HDV ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to iShares High Dividend ETF (HDV)

NXTV

Simplify Next Intangible Value Index ETF

NXTV Description

NXTV targets US companies with low equity valuations relative to their intangible-adjusted book values 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 an intangible-adjusted book value for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the lowest equity valuations relative to their intangible adjusted book values 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. Holdings are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$28.86

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

HDV

iShares High Dividend ETF

HDV Description

The investment seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the MorningstarÂ® Dividend Yield Focus IndexSM (the "underlying index"), which offers exposure to high quality U.S.-domiciled companies that have had strong financial health and an ability to sustain above average dividend payouts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$120.79

Average Daily Volume

391,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	HDV
30 Days	5.48%	1.45%
60 Days	5.83%	2.77%
90 Days	10.13%	4.36%
12 Months		27.18%

11 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in HDV	Overlap
CINF	A	0.33%	0.31%	0.31%
CTRA	B	0.45%	0.38%	0.38%
EVRG	A	0.14%	0.34%	0.14%
GPC	D	0.28%	0.28%	0.28%
INGR	B	0.13%	0.12%	0.12%
NI	A	0.16%	0.28%	0.16%
PPL	B	0.24%	0.43%	0.24%
SNA	A	0.22%	0.28%	0.22%
SRE	A	0.53%	0.95%	0.53%
SYY	B	0.57%	0.55%	0.55%
T	A	5.05%	4.52%	4.52%

NXTV Overweight 183 Positions Relative to HDV

Symbol	Grade	Weight
CMCSA	B	5.48%
VZ	C	4.68%
PFE	D	4.63%
INTC	D	3.52%
DELL	C	3.41%
C	A	1.95%
KR	B	1.77%
HPQ	B	1.47%
FDX	B	1.15%
EBAY	D	1.1%
CVS	D	1.08%
HPE	B	1.06%
GM	B	1.04%
NTAP	C	0.98%
COF	B	0.96%
ZM	B	0.96%
WDC	D	0.92%
BBY	D	0.91%
GFS	C	0.91%
VICI	C	0.85%
FOXA	B	0.83%
MET	A	0.83%
TRV	B	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
AIG	B	0.75%
EL	F	0.74%
ALL	A	0.74%
NWS	B	0.72%
F	C	0.72%
FCNCA	A	0.71%
DD	D	0.69%
PRU	A	0.67%
NUE	C	0.67%
ZBH	C	0.64%
KHC	F	0.62%
CTVA	C	0.62%
DLTR	F	0.61%
LEN	D	0.6%
ILMN	D	0.58%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
JNPR	F	0.54%
CACI	D	0.53%
BAX	D	0.53%
D	C	0.5%
ACI	C	0.49%
TPR	B	0.48%
CNC	D	0.48%
IP	B	0.47%
PCG	A	0.46%
LBRDK	C	0.46%
CCL	B	0.45%
ALB	C	0.43%
SNX	C	0.42%
VTRS	A	0.42%
INCY	C	0.41%
ADM	D	0.4%
PPG	F	0.39%
EQT	B	0.39%
UAL	A	0.39%
MRO	B	0.39%
RS	B	0.38%
EXC	C	0.38%
FYBR	D	0.37%
GAP	C	0.37%
CIEN	B	0.36%
EXPE	B	0.36%
ED	D	0.36%
SOLV	C	0.35%
FLEX	A	0.35%
WRB	A	0.34%
DBX	B	0.34%
LUV	C	0.34%
MKL	A	0.34%
SYF	B	0.34%
ETR	B	0.32%
TSN	B	0.32%
PATH	C	0.31%
LEVI	F	0.3%
CFG	B	0.3%
FTI	A	0.3%
PFG	D	0.29%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	A	0.29%
ARE	D	0.28%
SWK	D	0.28%
EXEL	B	0.27%
OVV	B	0.27%
HSIC	B	0.27%
L	A	0.27%
U	C	0.27%
DDS	B	0.27%
AMKR	D	0.26%
TXT	D	0.26%
BIO	D	0.26%
EG	C	0.24%
BLDR	D	0.24%
FNF	B	0.24%
WCC	B	0.23%
VFC	C	0.23%
NSIT	F	0.23%
LUMN	C	0.23%
SATS	D	0.23%
PFGC	B	0.22%
RGA	A	0.22%
USM	B	0.22%
EQH	B	0.22%
AIT	A	0.22%
KD	B	0.22%
CNH	C	0.21%
RPM	A	0.21%
CPB	D	0.21%
W	F	0.21%
ROKU	D	0.21%
RNR	C	0.21%
M	D	0.2%
JEF	A	0.2%
JLL	D	0.2%
ELAN	D	0.2%
CLVT	F	0.2%
CNA	B	0.2%
ALLY	C	0.2%
KMX	B	0.2%
JAZZ	B	0.2%
COTY	F	0.19%
RIVN	F	0.19%
PAG	B	0.19%
AR	B	0.19%
RHI	B	0.18%
UPST	B	0.18%
BG	F	0.18%
UNM	A	0.18%
AA	B	0.18%
TOL	B	0.18%
DINO	D	0.18%
COKE	C	0.17%
ARW	D	0.17%
AEO	F	0.17%
IAC	D	0.17%
JWN	C	0.17%
TAP	C	0.17%
ADTN	A	0.17%
LKQ	D	0.17%
FLS	B	0.17%
SIG	B	0.16%
AIZ	A	0.16%
ALIT	C	0.16%
BWA	D	0.16%
NOV	C	0.16%
PVH	C	0.16%
WHR	B	0.16%
ZI	D	0.16%
BEN	C	0.16%
WFRD	D	0.15%
X	C	0.15%
CLF	F	0.15%
LAD	A	0.15%
GL	B	0.15%
DXC	B	0.15%
URBN	C	0.15%
ASO	F	0.15%
FRSH	C	0.15%
SANM	B	0.15%
XRAY	F	0.14%
SLAB	D	0.14%
ORI	A	0.14%
AGR	B	0.14%
FHN	A	0.14%
CIVI	D	0.13%
CXT	B	0.13%
WBD	C	0.13%
SON	D	0.13%
MUR	D	0.12%
ALKS	B	0.12%
CPRI	F	0.1%
LCID	F	0.09%
MGM	D	0.08%
BYD	C	0.05%
DLB	B	0.05%

NXTV Underweight 64 Positions Relative to HDV

Symbol	Grade	Weight
XOM	B	-10.17%
CVX	A	-7.11%
JNJ	D	-6.03%
ABBV	D	-5.23%
PM	B	-4.53%
CSCO	B	-4.17%
PEP	F	-3.84%
MO	A	-3.82%
MRK	F	-3.67%
KO	D	-3.66%
IBM	C	-3.35%
TXN	C	-2.65%
COP	C	-2.19%
MDT	D	-1.87%
DUK	C	-1.68%
SO	D	-1.68%
PNC	B	-1.64%
BX	A	-1.64%
KMI	A	-1.59%
WMB	A	-1.58%
OKE	A	-1.51%
LMT	D	-1.39%
EOG	A	-1.31%
PSX	C	-1.09%
DOW	F	-0.95%
AEP	D	-0.93%
KMB	D	-0.83%
PAYX	C	-0.76%
TROW	B	-0.7%
PEG	A	-0.69%
LYB	F	-0.67%
GIS	D	-0.65%
EIX	B	-0.64%
WEC	A	-0.58%
DVN	F	-0.48%
FE	C	-0.44%
DTE	C	-0.44%
AEE	A	-0.42%
DRI	B	-0.4%
AMCR	D	-0.37%
CLX	B	-0.34%
CMS	C	-0.33%
OMC	C	-0.32%
ATO	A	-0.28%
LNT	A	-0.27%
EMN	D	-0.22%
DTM	B	-0.21%
SWKS	F	-0.2%
OGE	B	-0.19%
EXE	B	-0.18%
AM	A	-0.18%
JHG	A	-0.14%
APAM	B	-0.13%
WU	D	-0.12%
NFG	A	-0.11%
IDA	A	-0.11%
MC	C	-0.11%
NJR	A	-0.1%
MSM	C	-0.09%
ALE	A	-0.09%
RDN	C	-0.08%
VCTR	B	-0.05%
CNS	B	-0.04%
REYN	D	-0.03%