NXTV vs. XLF ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to SPDR Select Sector Fund - Financial (XLF)

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

$28.45

Average Daily Volume

731

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.68

Average Daily Volume

39,045,484

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	XLF
30 Days	3.77%	6.41%
60 Days	4.81%	10.28%
90 Days	8.56%	13.33%
12 Months		44.57%

17 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in XLF	Overlap
AIG	B	0.75%	0.71%	0.71%
AIZ	A	0.16%	0.16%	0.16%
ALL	A	0.74%	0.75%	0.74%
BEN	C	0.16%	0.1%	0.1%
C	A	1.95%	1.89%	1.89%
CFG	B	0.3%	0.3%	0.3%
CINF	A	0.33%	0.34%	0.33%
COF	C	0.96%	1.02%	0.96%
EG	C	0.24%	0.23%	0.23%
GL	C	0.15%	0.14%	0.14%
L	A	0.27%	0.22%	0.22%
MET	A	0.83%	0.71%	0.71%
PFG	D	0.29%	0.27%	0.27%
PRU	A	0.67%	0.65%	0.65%
SYF	B	0.34%	0.37%	0.34%
TRV	B	0.83%	0.85%	0.83%
WRB	A	0.34%	0.26%	0.26%

NXTV Overweight 177 Positions Relative to XLF

Symbol	Grade	Weight
CMCSA	B	5.48%
T	A	5.05%
VZ	C	4.68%
PFE	F	4.63%
INTC	C	3.52%
DELL	B	3.41%
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	C	1.04%
NTAP	C	0.98%
ZM	C	0.96%
WDC	D	0.92%
BBY	D	0.91%
GFS	C	0.91%
VICI	C	0.85%
FOXA	A	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	D	0.75%
EL	F	0.74%
NWS	A	0.72%
F	C	0.72%
FCNCA	A	0.71%
DD	C	0.69%
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	C	0.58%
SYY	D	0.57%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
JNPR	D	0.54%
CACI	D	0.53%
BAX	F	0.53%
SRE	A	0.53%
D	C	0.5%
ACI	C	0.49%
TPR	B	0.48%
CNC	D	0.48%
IP	A	0.47%
PCG	A	0.46%
LBRDK	C	0.46%
CCL	A	0.45%
CTRA	B	0.45%
ALB	B	0.43%
SNX	D	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	C	0.37%
GAP	C	0.37%
CIEN	C	0.36%
EXPE	B	0.36%
ED	C	0.36%
SOLV	D	0.35%
FLEX	B	0.35%
DBX	B	0.34%
LUV	C	0.34%
MKL	A	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	B	0.29%
GPC	D	0.28%
ARE	F	0.28%
SWK	D	0.28%
EXEL	B	0.27%
OVV	B	0.27%
HSIC	C	0.27%
U	C	0.27%
DDS	B	0.27%
AMKR	D	0.26%
TXT	D	0.26%
BIO	C	0.26%
BLDR	D	0.24%
PPL	A	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%
SNA	A	0.22%
EQH	C	0.22%
AIT	B	0.22%
KD	B	0.22%
CNH	C	0.21%
RPM	A	0.21%
CPB	D	0.21%
W	D	0.21%
ROKU	D	0.21%
RNR	C	0.21%
M	F	0.2%
JEF	A	0.2%
JLL	D	0.2%
ELAN	D	0.2%
CLVT	D	0.2%
CNA	C	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	C	0.18%
UPST	B	0.18%
BG	D	0.18%
UNM	A	0.18%
AA	A	0.18%
TOL	B	0.18%
DINO	D	0.18%
COKE	C	0.17%
ARW	D	0.17%
AEO	F	0.17%
IAC	F	0.17%
JWN	D	0.17%
TAP	C	0.17%
ADTN	A	0.17%
LKQ	F	0.17%
FLS	B	0.17%
SIG	B	0.16%
ALIT	C	0.16%
BWA	D	0.16%
NI	A	0.16%
NOV	C	0.16%
PVH	C	0.16%
WHR	B	0.16%
ZI	D	0.16%
WFRD	D	0.15%
X	B	0.15%
CLF	F	0.15%
LAD	A	0.15%
DXC	B	0.15%
URBN	C	0.15%
ASO	F	0.15%
FRSH	B	0.15%
SANM	B	0.15%
XRAY	F	0.14%
SLAB	F	0.14%
EVRG	A	0.14%
ORI	A	0.14%
AGR	A	0.14%
FHN	A	0.14%
CIVI	D	0.13%
INGR	C	0.13%
CXT	C	0.13%
WBD	B	0.13%
SON	F	0.13%
MUR	D	0.12%
ALKS	C	0.12%
CPRI	F	0.1%
LCID	F	0.09%
MGM	D	0.08%
BYD	B	0.05%
DLB	B	0.05%

NXTV Underweight 55 Positions Relative to XLF

Symbol	Grade	Weight
BRK.A	B	-12.45%
JPM	A	-10.0%
V	A	-7.49%
MA	B	-6.24%
BAC	A	-4.5%
WFC	A	-3.6%
GS	A	-2.7%
MS	A	-2.4%
SPGI	C	-2.38%
AXP	A	-2.36%
PGR	A	-2.19%
BLK	B	-2.12%
BX	A	-1.9%
FI	A	-1.76%
SCHW	B	-1.74%
MMC	B	-1.58%
CB	C	-1.57%
KKR	A	-1.48%
ICE	C	-1.31%
PYPL	B	-1.27%
PNC	B	-1.2%
AON	A	-1.19%
CME	B	-1.17%
USB	A	-1.14%
MCO	B	-1.1%
AJG	A	-0.94%
TFC	A	-0.9%
BK	A	-0.83%
AMP	A	-0.8%
AFL	B	-0.8%
FIS	C	-0.7%
MSCI	C	-0.69%
DFS	B	-0.63%
ACGL	C	-0.54%
MTB	A	-0.52%
HIG	B	-0.5%
NDAQ	A	-0.47%
FITB	B	-0.46%
WTW	B	-0.46%
GPN	B	-0.43%
RJF	A	-0.43%
STT	B	-0.41%
TROW	B	-0.39%
BRO	B	-0.38%
HBAN	A	-0.37%
CPAY	A	-0.37%
RF	A	-0.35%
NTRS	A	-0.31%
CBOE	C	-0.3%
FDS	B	-0.27%
KEY	B	-0.26%
JKHY	D	-0.18%
MKTX	D	-0.15%
ERIE	D	-0.15%
IVZ	B	-0.12%