FTEC vs. NXTI ETF Comparison

Comparison of Fidelity MSCI Information Technology Index ETF (FTEC) to Simplify Next Intangible Core Index ETF (NXTI)

FTEC

Fidelity MSCI Information Technology Index ETF

FTEC Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Information Technology Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$184.90

Average Daily Volume

212,411

Number of Holdings ^*

275

* 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	FTEC	NXTI
30 Days	4.14%	5.73%
60 Days	7.90%	7.47%
90 Days	7.31%	10.93%
12 Months	36.13%

47 Overlapping Holdings

Symbol	Grade	Weight in FTEC	Weight in NXTI	Overlap
ADBE	C	1.51%	2.94%	1.51%
ADSK	A	0.46%	0.72%	0.46%
AMAT	F	0.98%	0.74%	0.74%
APP	B	0.55%	0.54%	0.54%
APPF	B	0.09%	0.1%	0.09%
CDNS	B	0.55%	0.87%	0.55%
CDW	F	0.19%	0.3%	0.19%
CSCO	B	1.47%	2.73%	1.47%
CTSH	B	0.3%	0.47%	0.3%
DDOG	A	0.28%	0.54%	0.28%
DELL	C	0.29%	1.03%	0.29%
DLB	B	0.09%	0.04%	0.04%
DOCU	A	0.18%	0.18%	0.18%
DT	C	0.15%	0.19%	0.15%
FFIV	B	0.16%	0.17%	0.16%
FICO	B	0.41%	0.57%	0.41%
FTNT	C	0.43%	0.77%	0.43%
GDDY	A	0.22%	0.31%	0.22%
GTLB	B	0.12%	0.11%	0.11%
GWRE	A	0.17%	0.16%	0.16%
HPQ	B	0.27%	0.45%	0.27%
HUBS	A	0.28%	0.34%	0.28%
IBM	C	1.18%	2.28%	1.18%
INTU	C	1.23%	2.08%	1.23%
IOT	A	0.14%	0.28%	0.14%
IT	C	0.31%	0.24%	0.24%
JNPR	F	0.13%	0.16%	0.13%
KEYS	A	0.22%	0.17%	0.17%
LRCX	F	0.64%	0.53%	0.53%
MANH	D	0.17%	0.19%	0.17%
MDB	C	0.19%	0.24%	0.19%
MSI	B	0.55%	0.91%	0.55%
NET	B	0.23%	0.38%	0.23%
NOW	A	1.33%	2.29%	1.33%
NTAP	C	0.19%	0.29%	0.19%
NTNX	A	0.18%	0.21%	0.18%
PANW	C	0.81%	1.5%	0.81%
PCOR	B	0.12%	0.11%	0.11%
PLTR	B	0.81%	0.99%	0.81%
PSTG	D	0.14%	0.19%	0.14%
SNPS	B	0.55%	0.95%	0.55%
STX	D	0.17%	0.26%	0.17%
TEAM	A	0.33%	0.61%	0.33%
TER	D	0.14%	0.12%	0.12%
WDAY	B	0.41%	0.81%	0.41%
ZBRA	B	0.19%	0.23%	0.19%
ZS	C	0.17%	0.33%	0.17%

FTEC Overweight 228 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	C	16.06%
AAPL	C	15.03%
MSFT	F	13.23%
AVGO	D	4.31%
CRM	B	2.04%
ORCL	B	1.9%
ACN	C	1.42%
AMD	F	1.39%
TXN	C	1.16%
QCOM	F	1.14%
MU	D	0.7%
INTC	D	0.69%
ADI	D	0.67%
ANET	C	0.66%
KLAC	D	0.57%
APH	A	0.57%
MRVL	B	0.54%
CRWD	B	0.54%
MSTR	C	0.45%
ROP	B	0.41%
NXPI	D	0.39%
SNOW	C	0.29%
GLW	B	0.29%
MCHP	D	0.25%
ANSS	B	0.24%
HPE	B	0.23%
TYL	B	0.22%
ON	D	0.22%
PTC	A	0.2%
TDY	B	0.2%
MPWR	F	0.2%
ZM	B	0.2%
TWLO	A	0.19%
TRMB	B	0.18%
WDC	D	0.18%
FSLR	F	0.17%
GEN	B	0.17%
EPAM	C	0.16%
JBL	B	0.16%
VRSN	F	0.16%
FLEX	A	0.16%
COHR	B	0.16%
BILL	A	0.15%
ENTG	D	0.14%
SWKS	F	0.13%
AKAM	D	0.13%
CIEN	B	0.13%
QTWO	A	0.12%
CFLT	B	0.12%
OKTA	C	0.12%
LITE	B	0.12%
IDCC	A	0.11%
ALTR	B	0.11%
FN	D	0.11%
DBX	B	0.11%
SMAR	A	0.11%
KD	B	0.11%
SNX	C	0.11%
MARA	C	0.11%
S	B	0.11%
CVLT	B	0.11%
CRDO	B	0.11%
MTSI	B	0.11%
PATH	C	0.1%
U	C	0.1%
OLED	D	0.1%
AUR	C	0.1%
WK	B	0.1%
BDC	B	0.1%
PLXS	B	0.1%
MKSI	C	0.1%
RMBS	C	0.1%
CGNX	C	0.1%
BSY	D	0.1%
BOX	B	0.1%
BMI	B	0.1%
VNT	B	0.1%
LSCC	D	0.1%
ACIW	B	0.1%
ITRI	B	0.1%
CWAN	B	0.1%
QLYS	C	0.1%
AVT	C	0.09%
SITM	B	0.09%
AEIS	B	0.09%
PEGA	A	0.09%
TENB	C	0.09%
HCP	B	0.09%
DXC	B	0.09%
ARW	D	0.09%
VRNS	D	0.09%
LFUS	F	0.09%
SANM	B	0.09%
NOVT	D	0.09%
ONTO	D	0.09%
PI	D	0.09%
ESTC	C	0.09%
SPSC	C	0.09%
CLSK	C	0.08%
SLAB	D	0.08%
POWI	D	0.08%
RIOT	C	0.08%
BLKB	B	0.08%
NCNO	B	0.08%
ENPH	F	0.08%
ASGN	F	0.08%
FORM	D	0.07%
ALRM	C	0.07%
TDC	D	0.07%
FRSH	C	0.07%
PRGS	A	0.07%
FIVN	C	0.07%
AI	B	0.07%
FROG	C	0.07%
INTA	A	0.07%
DV	C	0.07%
MIR	A	0.07%
NSIT	F	0.07%
SYNA	C	0.07%
AGYS	A	0.07%
SMTC	B	0.07%
QRVO	F	0.07%
SMCI	F	0.07%
BL	B	0.07%
CRUS	D	0.07%
ALGM	D	0.06%
ACLS	F	0.06%
TTMI	B	0.06%
OSIS	B	0.06%
PAR	B	0.06%
KLIC	B	0.06%
DIOD	D	0.06%
RPD	C	0.06%
CXT	B	0.06%
RNG	B	0.06%
VERX	B	0.06%
AMKR	D	0.06%
ZETA	D	0.06%
VYX	B	0.05%
EXTR	B	0.05%
BRZE	C	0.05%
ALKT	B	0.05%
PLUS	F	0.05%
IPGP	D	0.05%
YOU	D	0.05%
DOCN	D	0.05%
VIAV	B	0.05%
AMBA	B	0.05%
RBRK	A	0.05%
VRNT	C	0.04%
VECO	F	0.04%
UCTT	D	0.04%
PLAB	C	0.04%
CTS	C	0.04%
NTCT	C	0.04%
INFA	D	0.04%
KN	B	0.04%
WULF	C	0.04%
ROG	D	0.04%
BHE	B	0.04%
PD	C	0.04%
CALX	D	0.04%
VSH	D	0.04%
SOUN	C	0.04%
RAMP	C	0.04%
ICHR	C	0.03%
ARLO	C	0.03%
SCSC	B	0.03%
ENV	B	0.03%
MXL	C	0.03%
DGII	B	0.03%
APPN	B	0.03%
COHU	C	0.03%
ASAN	C	0.03%
ATEN	B	0.03%
CIFR	B	0.03%
ZUO	B	0.03%
NSSC	D	0.03%
HLIT	D	0.03%
INFN	C	0.03%
SPT	C	0.03%
CEVA	B	0.02%
OLO	B	0.02%
SWI	B	0.02%
NTGR	B	0.02%
AOSL	C	0.02%
SEDG	F	0.02%
DJCO	B	0.02%
INDI	C	0.02%
IBUY	A	0.02%
HCKT	B	0.02%
BASE	C	0.02%
NABL	F	0.02%
BELFB	C	0.02%
BLND	B	0.02%
YEXT	A	0.02%
ACMR	F	0.02%
CXM	C	0.02%
APLD	A	0.02%
CNXN	C	0.02%
PRO	C	0.02%
WOLF	F	0.02%
FSLY	D	0.02%
PDFS	C	0.02%
JAMF	F	0.02%
XRX	F	0.02%
GDYN	B	0.02%
AAOI	B	0.02%
VPG	D	0.01%
CRSR	C	0.01%
MEI	D	0.01%
CLFD	D	0.01%
LWLG	F	0.01%
RBBN	C	0.01%
SEMR	B	0.01%
ENFN	A	0.01%
BIGC	C	0.01%
MITK	C	0.01%
ETWO	F	0.01%
WEAV	B	0.01%
DMRC	C	0.01%
LASR	D	0.01%
KE	C	0.01%
MLNK	B	0.01%
NNBR	C	0.01%
DAKT	B	0.01%
VSAT	F	0.01%
OSPN	A	0.01%

FTEC Underweight 150 Positions Relative to NXTI

Symbol	Grade	Weight
META	D	-5.28%
WMT	A	-5.09%
BRK.A	B	-4.18%
XOM	B	-3.43%
MA	C	-3.02%
UNH	C	-2.16%
HD	A	-1.6%
KO	D	-1.23%
ALNY	D	-1.07%
IDXX	F	-1.04%
UBER	D	-1.04%
PEP	F	-1.02%
SPOT	B	-0.93%
HON	B	-0.91%
PM	B	-0.9%
BKNG	A	-0.88%
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%
ABNB	C	-0.58%
PGR	A	-0.56%
CL	D	-0.55%
CTAS	B	-0.55%
TT	A	-0.52%
EA	A	-0.5%
ORLY	B	-0.49%
ITW	B	-0.49%
ALGN	D	-0.47%
MMM	D	-0.47%
INCY	C	-0.46%
D	C	-0.46%
NTRA	B	-0.45%
FDX	B	-0.44%
SRPT	D	-0.43%
MMC	B	-0.43%
DASH	A	-0.42%
NBIX	C	-0.4%
INSM	C	-0.39%
PH	A	-0.39%
KR	B	-0.37%
SHW	A	-0.36%
CI	F	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
TRGP	B	-0.34%
MPC	D	-0.33%
EBAY	D	-0.33%
ED	D	-0.32%
PAYX	C	-0.32%
PEN	B	-0.32%
VST	B	-0.32%
KMB	D	-0.31%
GWW	B	-0.31%
CMI	A	-0.3%
HSIC	B	-0.3%
ITCI	C	-0.29%
CVS	D	-0.29%
PINS	D	-0.29%
EXEL	B	-0.29%
A	D	-0.26%
BKR	B	-0.25%
AJG	B	-0.25%
AFL	B	-0.24%
RDDT	B	-0.24%
SNAP	C	-0.23%
VLTO	D	-0.23%
VMC	B	-0.23%
NWS	B	-0.22%
AMP	A	-0.22%
MNST	C	-0.22%
TRV	B	-0.22%
IONS	F	-0.22%
MDGL	B	-0.2%
CYTK	F	-0.2%
BPMC	C	-0.2%
AIG	B	-0.2%
CVNA	B	-0.19%
INSP	D	-0.19%
ALL	A	-0.19%
SMMT	D	-0.19%
TOST	B	-0.19%
BBIO	F	-0.18%
FAST	B	-0.18%
EL	F	-0.18%
PRU	A	-0.18%
DD	D	-0.18%
MTD	D	-0.18%
BBY	D	-0.18%
NRG	B	-0.17%
CACI	D	-0.16%
ULTA	F	-0.16%
OTIS	C	-0.16%
SYY	B	-0.16%
GIS	D	-0.16%
HUM	C	-0.15%
RARE	D	-0.15%
CORT	B	-0.15%
ILMN	D	-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%
APLS	D	-0.12%
MTCH	D	-0.12%
PPG	F	-0.12%
BRO	B	-0.12%
TW	A	-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%
DKNG	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%
LNW	D	-0.04%

FTEC: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Semiconductor Equipment & Materials Communication Equipment Information Technology Services Electronic Components Scientific & Technical Instruments Contract Manufacturers Data Storage Capital Markets Computer Systems Telecom Services Business Services Computer Distribution Computer Hardware Consumer Electronics Diversified Industrials Electronics Distribution Internet Content & Information