FXL vs. NXTI ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Simplify Next Intangible Core Index ETF (NXTI)

FXL

First Trust Technology AlphaDEX

FXL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$149.30

Average Daily Volume

17,511

Number of Holdings ^*

102

* 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

$29.98

Average Daily Volume

457

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FXL	NXTI
30 Days	5.05%	3.38%
60 Days	12.78%	9.27%
90 Days	11.94%	13.76%
12 Months	29.51%

34 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in NXTI	Overlap
ADSK	A	0.64%	0.7%	0.64%
AMAT	F	0.87%	0.81%	0.81%
APP	B	3.39%	0.41%	0.41%
APPF	B	0.28%	0.12%	0.12%
CACI	C	1.03%	0.14%	0.14%
CDW	F	0.26%	0.37%	0.26%
CTSH	A	1.59%	0.48%	0.48%
DASH	A	1.83%	0.38%	0.38%
DDOG	B	0.31%	0.49%	0.31%
DELL	B	1.04%	0.98%	0.98%
DLB	C	0.9%	0.04%	0.04%
DOCU	B	1.48%	0.16%	0.16%
DT	C	1.15%	0.19%	0.19%
FFIV	A	1.0%	0.15%	0.15%
FTNT	B	1.38%	0.75%	0.75%
GDDY	A	1.32%	0.29%	0.29%
GTLB	B	0.34%	0.11%	0.11%
GWRE	A	1.62%	0.15%	0.15%
HPQ	B	1.19%	0.45%	0.45%
IBM	C	0.56%	2.41%	0.56%
IT	A	0.99%	0.25%	0.25%
MANH	C	1.17%	0.2%	0.2%
META	B	1.57%	5.27%	1.57%
MTCH	F	0.74%	0.13%	0.13%
NET	B	0.33%	0.34%	0.33%
NOW	A	1.31%	2.2%	1.31%
NTAP	D	0.92%	0.31%	0.31%
NTNX	B	1.09%	0.2%	0.2%
PANW	A	1.05%	1.39%	1.05%
PLTR	B	2.39%	0.87%	0.87%
PSTG	D	0.31%	0.19%	0.19%
TER	F	0.48%	0.15%	0.15%
TOST	A	2.02%	0.18%	0.18%
WDAY	B	0.3%	0.84%	0.3%

FXL Overweight 68 Positions Relative to NXTI

Symbol	Grade	Weight
VRT	B	1.93%
PEGA	A	1.81%
IPGP	C	1.72%
GFS	C	1.67%
HPE	B	1.64%
AVT	C	1.59%
DXC	B	1.59%
PAYC	B	1.59%
SMAR	A	1.54%
ON	F	1.48%
NVDA	B	1.41%
SWKS	F	1.38%
ARW	F	1.38%
ZM	B	1.36%
AMKR	F	1.36%
JBL	C	1.32%
INTC	C	1.3%
ORCL	A	1.29%
TWLO	A	1.29%
CNXC	F	1.24%
AVGO	C	1.24%
TYL	B	1.24%
DNB	B	1.24%
SNX	C	1.22%
DOX	C	1.22%
RNG	B	1.1%
EPAM	B	1.07%
S	B	1.05%
AKAM	F	1.03%
SAIC	C	1.0%
CRUS	F	0.97%
DBX	B	0.97%
MPWR	F	0.96%
MSTR	B	0.93%
QCOM	F	0.92%
HCP	A	0.92%
SSNC	C	0.92%
AAPL	C	0.89%
DAY	C	0.77%
GLOB	B	0.68%
CRM	B	0.68%
DV	C	0.67%
APH	B	0.66%
KBR	B	0.64%
TXN	C	0.62%
GOOGL	B	0.62%
LSCC	D	0.6%
ROP	A	0.59%
IAC	F	0.58%
VRSN	C	0.56%
U	F	0.53%
MCHP	F	0.53%
OLED	F	0.5%
ONTO	F	0.49%
KD	A	0.35%
PYCR	B	0.35%
CRWD	B	0.34%
SMCI	F	0.34%
ANSS	B	0.31%
GEN	A	0.31%
MU	D	0.31%
GLW	C	0.31%
MSFT	C	0.29%
INFA	D	0.29%
ADI	F	0.28%
ALGM	F	0.27%
KLAC	F	0.26%
AMD	F	0.26%

FXL Underweight 163 Positions Relative to NXTI

Symbol	Grade	Weight
WMT	A	-4.94%
BRK.A	B	-4.21%
XOM	B	-3.4%
ADBE	C	-3.13%
MA	B	-2.95%
CSCO	A	-2.61%
UNH	B	-2.22%
INTU	A	-2.1%
HD	B	-1.62%
KO	F	-1.34%
IDXX	D	-1.28%
ALNY	D	-1.08%
UBER	F	-1.07%
PEP	D	-1.03%
SNPS	B	-0.93%
NKE	F	-0.93%
MSI	B	-0.92%
HON	B	-0.9%
BKNG	A	-0.89%
SPOT	A	-0.88%
CDNS	B	-0.86%
PM	C	-0.81%
UPS	C	-0.79%
AXP	B	-0.76%
BX	A	-0.69%
TGT	C	-0.68%
CL	F	-0.61%
LOW	B	-0.61%
PGR	A	-0.59%
ALGN	F	-0.57%
LRCX	F	-0.57%
GEV	B	-0.56%
FICO	B	-0.55%
TT	A	-0.55%
CTAS	A	-0.55%
ABNB	C	-0.53%
WMB	B	-0.51%
TEAM	B	-0.51%
ITW	A	-0.5%
MMM	C	-0.5%
ORLY	A	-0.49%
ELV	F	-0.48%
NTRA	B	-0.47%
EA	A	-0.47%
D	D	-0.44%
MMC	C	-0.44%
FDX	B	-0.44%
INSM	D	-0.42%
SRPT	F	-0.42%
INCY	B	-0.4%
PH	A	-0.4%
CI	D	-0.39%
SHW	A	-0.38%
NBIX	C	-0.38%
MPC	D	-0.37%
EBAY	C	-0.37%
KR	A	-0.37%
ECL	C	-0.36%
HUBS	B	-0.34%
ED	D	-0.33%
KMB	F	-0.33%
CVS	F	-0.32%
HSIC	F	-0.31%
VST	B	-0.31%
PAYX	B	-0.31%
ZS	B	-0.31%
PINS	F	-0.3%
CMI	A	-0.3%
TRGP	B	-0.3%
GWW	B	-0.29%
A	F	-0.29%
IOT	B	-0.28%
STX	D	-0.28%
PEN	B	-0.27%
AJG	A	-0.26%
EL	F	-0.26%
ITCI	C	-0.25%
MDB	C	-0.25%
AFL	C	-0.25%
VLTO	C	-0.25%
SMMT	D	-0.23%
EXEL	B	-0.23%
IONS	F	-0.23%
BKR	B	-0.23%
ZBRA	A	-0.23%
NWS	B	-0.21%
INSP	F	-0.21%
BPMC	B	-0.21%
BBY	D	-0.21%
MTD	F	-0.21%
VMC	B	-0.21%
MNST	B	-0.21%
TRV	B	-0.21%
AIG	B	-0.2%
AMP	A	-0.2%
SNAP	C	-0.2%
ALL	A	-0.2%
CYTK	C	-0.2%
BBIO	F	-0.19%
DD	D	-0.19%
GIS	F	-0.18%
HUM	D	-0.18%
KEYS	C	-0.18%
PRU	B	-0.18%
ACGL	D	-0.17%
NRG	B	-0.17%
OTIS	C	-0.17%
SYY	B	-0.17%
RARE	D	-0.16%
FAST	A	-0.16%
XYL	D	-0.16%
JNPR	D	-0.16%
HSY	D	-0.16%
WSM	F	-0.16%
ROL	B	-0.16%
MDGL	C	-0.16%
ULTA	C	-0.16%
AXSM	B	-0.15%
LYV	B	-0.15%
ALKS	B	-0.15%
BURL	C	-0.15%
CBRE	A	-0.15%
WAT	A	-0.15%
CNC	F	-0.15%
EXPE	B	-0.14%
BAH	C	-0.14%
CLX	A	-0.14%
ILMN	C	-0.14%
DUOL	B	-0.14%
NI	A	-0.14%
CORT	B	-0.14%
HIG	C	-0.14%
APLS	F	-0.13%
LII	B	-0.13%
GPC	D	-0.13%
EXPD	D	-0.13%
PPG	F	-0.13%
APTV	D	-0.13%
RDDT	B	-0.13%
DECK	B	-0.13%
CVNA	B	-0.13%
DYN	C	-0.12%
WING	D	-0.12%
K	A	-0.12%
DOV	A	-0.12%
TSCO	C	-0.12%
BRO	A	-0.12%
AVY	F	-0.12%
DKNG	B	-0.11%
PCOR	B	-0.11%
RL	B	-0.11%
FOLD	D	-0.11%
TXT	C	-0.11%
NYT	C	-0.11%
DNLI	B	-0.11%
IOVA	D	-0.1%
RS	B	-0.1%
AMED	F	-0.1%
TGTX	B	-0.1%
ACI	C	-0.1%
TW	C	-0.1%
CHWY	B	-0.09%
LNW	F	-0.04%

FXL: Top Represented Industries & Keywords

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