NXTV vs. SKF ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to ProShares UltraShort Financials (SKF)

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

$29.28

Average Daily Volume

732

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

SKF

ProShares UltraShort Financials

SKF Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.04

Average Daily Volume

12,956

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	SKF
30 Days	7.27%	-17.16%
60 Days	6.15%	-22.31%
90 Days	9.71%	-23.05%
12 Months		-49.75%

20 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in SKF	Overlap
AIG	B	0.75%	0.77%	0.75%
ALL	B	0.74%	0.64%	0.64%
ALLY	C	0.2%	0.19%	0.19%
ARE	D	0.28%	0.32%	0.28%
C	A	1.95%	2.98%	1.95%
CFG	B	0.3%	0.3%	0.3%
CINF	A	0.33%	0.27%	0.27%
COF	B	0.96%	0.81%	0.81%
EG	C	0.24%	0.19%	0.19%
EQH	B	0.22%	0.19%	0.19%
FNF	B	0.24%	0.22%	0.22%
GL	C	0.15%	0.18%	0.15%
L	B	0.27%	0.23%	0.23%
MET	A	0.83%	0.69%	0.69%
MKL	A	0.34%	0.28%	0.28%
PFG	C	0.29%	0.25%	0.25%
PRU	A	0.67%	0.66%	0.66%
SYF	A	0.34%	0.36%	0.34%
TRV	B	0.83%	0.61%	0.61%
WRB	A	0.34%	0.17%	0.17%

NXTV Overweight 174 Positions Relative to SKF

Symbol	Grade	Weight
CMCSA	C	5.48%
T	A	5.05%
VZ	B	4.68%
PFE	D	4.63%
INTC	C	3.52%
DELL	C	3.41%
KR	A	1.77%
HPQ	B	1.47%
FDX	B	1.15%
EBAY	C	1.1%
CVS	D	1.08%
HPE	B	1.06%
GM	B	1.04%
NTAP	C	0.98%
ZM	B	0.96%
WDC	C	0.92%
BBY	D	0.91%
GFS	C	0.91%
VICI	C	0.85%
FOXA	C	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	C	0.75%
EL	F	0.74%
NWS	B	0.72%
F	C	0.72%
FCNCA	B	0.71%
DD	D	0.69%
NUE	D	0.67%
ZBH	C	0.64%
KHC	D	0.62%
CTVA	B	0.62%
DLTR	D	0.61%
LEN	C	0.6%
ILMN	C	0.58%
SYY	C	0.57%
MRNA	F	0.57%
TWLO	B	0.55%
HUM	C	0.55%
JNPR	F	0.54%
CACI	D	0.53%
BAX	F	0.53%
SRE	A	0.53%
D	C	0.5%
ACI	C	0.49%
TPR	A	0.48%
CNC	F	0.48%
IP	B	0.47%
PCG	B	0.46%
LBRDK	C	0.46%
CCL	B	0.45%
CTRA	B	0.45%
ALB	C	0.43%
SNX	C	0.42%
VTRS	B	0.42%
INCY	C	0.41%
ADM	F	0.4%
PPG	D	0.39%
EQT	B	0.39%
UAL	B	0.39%
MRO	B	0.39%
RS	B	0.38%
EXC	D	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	B	0.35%
DBX	C	0.34%
LUV	B	0.34%
ETR	B	0.32%
TSN	B	0.32%
PATH	C	0.31%
LEVI	F	0.3%
FTI	A	0.3%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	A	0.29%
GPC	D	0.28%
SWK	D	0.28%
EXEL	A	0.27%
OVV	C	0.27%
HSIC	B	0.27%
U	C	0.27%
DDS	B	0.27%
AMKR	F	0.26%
TXT	D	0.26%
BIO	D	0.26%
BLDR	C	0.24%
PPL	B	0.24%
WCC	B	0.23%
VFC	C	0.23%
NSIT	F	0.23%
LUMN	C	0.23%
SATS	D	0.23%
PFGC	A	0.22%
RGA	A	0.22%
USM	B	0.22%
SNA	A	0.22%
AIT	B	0.22%
KD	B	0.22%
CNH	A	0.21%
RPM	A	0.21%
CPB	D	0.21%
W	D	0.21%
ROKU	D	0.21%
RNR	C	0.21%
M	D	0.2%
JEF	A	0.2%
JLL	B	0.2%
ELAN	F	0.2%
CLVT	F	0.2%
CNA	B	0.2%
KMX	B	0.2%
JAZZ	B	0.2%
COTY	F	0.19%
RIVN	D	0.19%
PAG	B	0.19%
AR	B	0.19%
RHI	C	0.18%
UPST	B	0.18%
BG	F	0.18%
UNM	A	0.18%
AA	A	0.18%
TOL	A	0.18%
DINO	F	0.18%
COKE	C	0.17%
ARW	D	0.17%
AEO	F	0.17%
IAC	D	0.17%
JWN	A	0.17%
TAP	C	0.17%
ADTN	B	0.17%
LKQ	D	0.17%
FLS	A	0.17%
SIG	B	0.16%
AIZ	B	0.16%
ALIT	C	0.16%
BWA	C	0.16%
NI	A	0.16%
NOV	C	0.16%
PVH	C	0.16%
WHR	B	0.16%
ZI	C	0.16%
BEN	C	0.16%
WFRD	F	0.15%
X	C	0.15%
CLF	F	0.15%
LAD	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%
EVRG	A	0.14%
ORI	A	0.14%
AGR	B	0.14%
FHN	B	0.14%
CIVI	D	0.13%
INGR	B	0.13%
CXT	B	0.13%
WBD	C	0.13%
SON	D	0.13%
MUR	F	0.12%
ALKS	B	0.12%
CPRI	F	0.1%
LCID	F	0.09%
MGM	F	0.08%
BYD	B	0.05%
DLB	B	0.05%

NXTV Underweight 77 Positions Relative to SKF

Symbol	Grade	Weight
BRK.A	B	-7.56%
JPM	B	-7.27%
V	A	-5.88%
MA	B	-4.83%
BAC	A	-4.46%
WFC	A	-3.19%
AMT	D	-1.74%
AXP	A	-1.49%
GS	B	-1.34%
USB	A	-1.32%
TFC	B	-1.27%
CME	A	-1.25%
SPGI	C	-1.22%
MS	B	-1.19%
CB	D	-1.17%
PNC	A	-1.13%
BLK	C	-1.06%
CCI	D	-1.02%
PLD	D	-1.0%
MMC	A	-0.97%
SCHW	A	-0.93%
ICE	D	-0.91%
EQIX	A	-0.84%
AON	A	-0.83%
SPG	C	-0.76%
PGR	A	-0.75%
MCO	A	-0.7%
BX	B	-0.67%
AFL	B	-0.66%
BK	A	-0.65%
WELL	C	-0.59%
PSA	C	-0.56%
TROW	A	-0.52%
AVB	B	-0.51%
STT	A	-0.5%
SBAC	D	-0.48%
EQR	B	-0.48%
DLR	A	-0.44%
WTW	B	-0.44%
DFS	B	-0.44%
O	D	-0.42%
MSCI	C	-0.4%
CSGP	C	-0.4%
WY	D	-0.39%
NTRS	A	-0.39%
AMP	B	-0.37%
VTR	D	-0.37%
HIG	B	-0.37%
MTB	B	-0.36%
FITB	B	-0.35%
BXP	D	-0.34%
CBRE	B	-0.34%
ESS	B	-0.34%
KEY	A	-0.32%
ACGL	D	-0.31%
DOC	C	-0.3%
AJG	A	-0.3%
INVH	D	-0.28%
RF	B	-0.27%
HBAN	B	-0.26%
MAA	B	-0.26%
MKTX	D	-0.24%
WPC	D	-0.24%
SUI	D	-0.24%
EXR	C	-0.24%
NLY	B	-0.23%
UDR	B	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
NDAQ	A	-0.21%
RJF	A	-0.2%
LNC	B	-0.2%
MPW	F	-0.19%
FDS	B	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
CPT	B	-0.18%