QLD vs. NXTI ETF Comparison

Comparison of ProShares Ultra QQQ (QLD) to Simplify Next Intangible Core Index ETF (NXTI)

QLD

ProShares Ultra QQQ

QLD Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the NASDAQ-100 Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$106.72

Average Daily Volume

2,632,901

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

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

Performance

Period	QLD	NXTI
30 Days	6.38%	5.73%
60 Days	8.03%	7.47%
90 Days	8.70%	10.93%
12 Months	54.59%

32 Overlapping Holdings

Symbol	Grade	Weight in QLD	Weight in NXTI	Overlap
ABNB	C	0.27%	0.58%	0.27%
ADBE	C	1.08%	2.94%	1.08%
ADSK	A	0.31%	0.72%	0.31%
AMAT	F	0.69%	0.74%	0.69%
BKNG	A	0.77%	0.88%	0.77%
BKR	B	0.2%	0.25%	0.2%
CDNS	B	0.38%	0.87%	0.38%
CDW	F	0.11%	0.3%	0.11%
CSCO	B	1.09%	2.73%	1.09%
CTAS	B	0.41%	0.55%	0.41%
CTSH	B	0.19%	0.47%	0.19%
DASH	A	0.31%	0.42%	0.31%
DDOG	A	0.18%	0.54%	0.18%
EA	A	0.2%	0.5%	0.2%
FAST	B	0.22%	0.18%	0.18%
FTNT	C	0.34%	0.77%	0.34%
HON	B	0.69%	0.91%	0.69%
IDXX	F	0.16%	1.04%	0.16%
ILMN	D	0.11%	0.15%	0.11%
INTU	C	0.9%	2.08%	0.9%
LRCX	F	0.44%	0.53%	0.44%
MDB	C	0.1%	0.24%	0.1%
META	D	3.57%	5.28%	3.57%
MNST	C	0.25%	0.22%	0.22%
ORLY	B	0.33%	0.49%	0.33%
PANW	C	0.6%	1.5%	0.6%
PAYX	C	0.24%	0.32%	0.24%
PEP	F	1.04%	1.02%	1.02%
SNPS	B	0.39%	0.95%	0.39%
TEAM	A	0.19%	0.61%	0.19%
WDAY	B	0.27%	0.81%	0.27%
ZS	C	0.15%	0.33%	0.15%

QLD Overweight 69 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	C	6.35%
AAPL	C	6.06%
MSFT	F	5.6%
AMZN	C	3.98%
AVGO	D	3.68%
TSLA	B	2.83%
COST	B	1.89%
GOOGL	C	1.86%
GOOG	C	1.79%
NFLX	A	1.63%
TMUS	B	1.29%
AMD	F	1.03%
LIN	D	1.0%
ISRG	A	0.87%
TXN	C	0.86%
QCOM	F	0.82%
CMCSA	B	0.78%
AMGN	D	0.74%
VRTX	F	0.58%
ADP	B	0.57%
GILD	C	0.53%
SBUX	A	0.52%
MU	D	0.51%
INTC	D	0.49%
ADI	D	0.48%
MELI	D	0.45%
PYPL	B	0.41%
KLAC	D	0.4%
REGN	F	0.4%
MDLZ	F	0.4%
MAR	B	0.37%
CRWD	B	0.37%
MRVL	B	0.36%
PDD	F	0.35%
CEG	D	0.32%
CSX	B	0.32%
ASML	F	0.29%
ROP	B	0.28%
PCAR	B	0.28%
CHTR	C	0.27%
CPRT	A	0.26%
NXPI	D	0.26%
TTD	B	0.26%
FANG	D	0.25%
AEP	D	0.23%
ODFL	B	0.22%
KDP	D	0.21%
ROST	C	0.21%
VRSK	A	0.19%
XEL	A	0.18%
GEHC	F	0.18%
LULU	C	0.18%
KHC	F	0.18%
AZN	D	0.17%
EXC	C	0.17%
MCHP	D	0.16%
CCEP	C	0.16%
TTWO	A	0.15%
ANSS	B	0.14%
CSGP	D	0.14%
DXCM	D	0.13%
ON	D	0.13%
GFS	C	0.11%
WBD	C	0.11%
BIIB	F	0.11%
ARM	D	0.08%
MRNA	F	0.07%
DLTR	F	0.06%
SMCI	F	0.05%

QLD Underweight 165 Positions Relative to NXTI

Symbol	Grade	Weight
WMT	A	-5.09%
BRK.A	B	-4.18%
XOM	B	-3.43%
MA	C	-3.02%
NOW	A	-2.29%
IBM	C	-2.28%
UNH	C	-2.16%
HD	A	-1.6%
KO	D	-1.23%
ALNY	D	-1.07%
UBER	D	-1.04%
DELL	C	-1.03%
PLTR	B	-0.99%
SPOT	B	-0.93%
MSI	B	-0.91%
PM	B	-0.9%
NKE	D	-0.82%
UPS	C	-0.79%
AXP	A	-0.77%
BX	A	-0.77%
TGT	F	-0.67%
GEV	B	-0.66%
WMB	A	-0.59%
LOW	D	-0.59%
FICO	B	-0.57%
PGR	A	-0.56%
CL	D	-0.55%
APP	B	-0.54%
TT	A	-0.52%
ITW	B	-0.49%
ALGN	D	-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%
NBIX	C	-0.4%
INSM	C	-0.39%
PH	A	-0.39%
NET	B	-0.38%
KR	B	-0.37%
SHW	A	-0.36%
CI	F	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
TRGP	B	-0.34%
HUBS	A	-0.34%
MPC	D	-0.33%
EBAY	D	-0.33%
ED	D	-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%
ITCI	C	-0.29%
CVS	D	-0.29%
NTAP	C	-0.29%
PINS	D	-0.29%
EXEL	B	-0.29%
IOT	A	-0.28%
A	D	-0.26%
STX	D	-0.26%
AJG	B	-0.25%
IT	C	-0.24%
AFL	B	-0.24%
RDDT	B	-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%
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%
DT	C	-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%
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%
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%
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%