FDWM vs. NXTV ETF Comparison

Comparison of Fidelity Women's Leadership ETF (FDWM) to Simplify Next Intangible Value Index ETF (NXTV)

FDWM

Fidelity Women's Leadership ETF

FDWM Description

The investment seeks long-term growth of capital. The Advisor normally invests at least 80% of assets in equity securities of companies that prioritize and advance women's leadership and development. The Adviser may invest the fund's assets in securities of foreign issuers in addition to securities of domestic issuers. The fund may invest a significant percentage of its assets in relatively few companies and may invest up to 25% in a single company. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.72

Average Daily Volume

241

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

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

Performance

Period	FDWM	NXTV
30 Days	2.79%	5.48%
60 Days	2.73%	5.83%
90 Days	4.82%	10.13%
12 Months	24.93%

11 Overlapping Holdings

Symbol	Grade	Weight in FDWM	Weight in NXTV	Overlap
AR	B	0.66%	0.19%	0.19%
BBY	D	0.61%	0.91%	0.61%
BG	F	0.47%	0.18%	0.18%
C	A	0.98%	1.95%	0.98%
CNC	D	1.13%	0.48%	0.48%
DELL	C	0.53%	3.41%	0.53%
EL	F	0.8%	0.74%	0.74%
EQT	B	0.52%	0.39%	0.39%
GAP	C	0.24%	0.37%	0.24%
NSIT	F	0.76%	0.23%	0.23%
TPR	B	0.51%	0.48%	0.48%

FDWM Overweight 90 Positions Relative to NXTV

Symbol	Grade	Weight
AAPL	C	4.35%
MSFT	F	3.66%
NVDA	C	3.24%
GOOG	C	2.61%
AMZN	C	2.56%
ACN	C	2.03%
DIS	B	1.93%
HOLX	D	1.76%
PGR	A	1.73%
CI	F	1.69%
CRM	B	1.62%
JPM	A	1.5%
ANET	C	1.41%
WSM	B	1.4%
ADBE	C	1.32%
CDW	F	1.23%
HUBS	A	1.21%
AMD	F	1.19%
VTR	C	1.16%
NXPI	D	1.16%
BAC	A	1.11%
PODD	C	1.1%
MA	C	1.09%
MRVL	B	1.08%
BKR	B	1.04%
HIG	B	1.04%
NEE	D	1.0%
ALNY	D	1.0%
WEX	D	0.99%
FSLR	F	0.98%
GEV	B	0.96%
NDAQ	A	0.95%
ETN	A	0.94%
LDOS	C	0.94%
ULTA	F	0.94%
GEN	B	0.93%
MMC	B	0.93%
ELV	F	0.92%
TMHC	B	0.92%
DE	A	0.92%
PH	A	0.87%
MU	D	0.87%
INTU	C	0.85%
CLX	B	0.83%
FIS	C	0.82%
ZTS	D	0.78%
CBT	C	0.78%
HLT	A	0.78%
UPS	C	0.77%
PSA	D	0.75%
FSS	B	0.74%
OTIS	C	0.71%
SAIC	F	0.71%
RRX	B	0.7%
BALL	D	0.69%
MRK	F	0.68%
GSK	F	0.67%
NFLX	A	0.66%
HBAN	A	0.65%
ETSY	D	0.64%
EMN	D	0.62%
ICLR	D	0.61%
EXAS	D	0.61%
VRTX	F	0.59%
CE	F	0.57%
OLED	D	0.57%
SUM	B	0.57%
USB	A	0.56%
OXY	D	0.55%
PINS	D	0.55%
SBUX	A	0.55%
LOW	D	0.54%
NVT	B	0.51%
ATI	D	0.51%
HSY	F	0.5%
MAN	D	0.47%
WRBY	B	0.45%
MTN	C	0.44%
VLTO	D	0.42%
NKE	D	0.37%
RUN	F	0.36%
AMN	F	0.36%
ARCB	C	0.34%
ZLAB	C	0.31%
PD	C	0.29%
ELF	C	0.28%
RDUS	C	0.24%
SEDG	F	0.21%
MLKN	D	0.2%
SAGE	F	0.08%

FDWM Underweight 183 Positions Relative to NXTV

Symbol	Grade	Weight
CMCSA	B	-5.48%
T	A	-5.05%
VZ	C	-4.68%
PFE	D	-4.63%
INTC	D	-3.52%
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%
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%
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%
SYY	B	-0.57%
MRNA	F	-0.57%
TWLO	A	-0.55%
HUM	C	-0.55%
JNPR	F	-0.54%
CACI	D	-0.53%
BAX	D	-0.53%
SRE	A	-0.53%
D	C	-0.5%
ACI	C	-0.49%
IP	B	-0.47%
PCG	A	-0.46%
LBRDK	C	-0.46%
CCL	B	-0.45%
CTRA	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%
UAL	A	-0.39%
MRO	B	-0.39%
RS	B	-0.38%
EXC	C	-0.38%
FYBR	D	-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%
CINF	A	-0.33%
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%
GPC	D	-0.28%
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%
PPL	B	-0.24%
FNF	B	-0.24%
WCC	B	-0.23%
VFC	C	-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	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%
RHI	B	-0.18%
UPST	B	-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%
NI	A	-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%
EVRG	A	-0.14%
ORI	A	-0.14%
AGR	B	-0.14%
FHN	A	-0.14%
CIVI	D	-0.13%
INGR	B	-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%