FXO vs. NXTV ETF Comparison

Comparison of First Trust Financials AlphaDEX (FXO) to Simplify Next Intangible Value Index ETF (NXTV)

FXO

First Trust Financials AlphaDEX

FXO 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) Financials 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 financial services 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

$58.27

Average Daily Volume

54,823

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	FXO	NXTV
30 Days	9.92%	5.48%
60 Days	13.83%	5.83%
90 Days	15.69%	10.13%
12 Months	52.15%

27 Overlapping Holdings

Symbol	Grade	Weight in FXO	Weight in NXTV	Overlap
AIG	B	0.3%	0.75%	0.3%
AIZ	A	0.31%	0.16%	0.16%
ALL	A	1.56%	0.74%	0.74%
ALLY	C	1.17%	0.2%	0.2%
BEN	C	1.62%	0.16%	0.16%
C	A	0.99%	1.95%	0.99%
CFG	B	0.65%	0.3%	0.3%
CINF	A	1.66%	0.33%	0.33%
CNA	B	1.14%	0.2%	0.2%
CRBG	B	0.95%	0.29%	0.29%
EG	C	1.42%	0.24%	0.24%
EQH	B	1.31%	0.22%	0.22%
FCNCA	A	1.06%	0.71%	0.71%
FHN	A	1.18%	0.14%	0.14%
FNF	B	0.28%	0.24%	0.24%
GL	B	1.19%	0.15%	0.15%
JEF	A	1.81%	0.2%	0.2%
L	A	1.21%	0.27%	0.27%
MKL	A	1.26%	0.34%	0.34%
ORI	A	0.61%	0.14%	0.14%
PFG	D	0.29%	0.29%	0.29%
PRU	A	0.3%	0.67%	0.3%
RGA	A	0.3%	0.22%	0.22%
RNR	C	1.43%	0.21%	0.21%
TRV	B	0.63%	0.83%	0.63%
UNM	A	1.4%	0.18%	0.18%
WRB	A	0.61%	0.34%	0.34%

FXO Overweight 74 Positions Relative to NXTV

Symbol	Grade	Weight
JHG	A	1.82%
GS	A	1.8%
KKR	A	1.75%
AGO	B	1.74%
TPG	A	1.73%
WTM	A	1.72%
TROW	B	1.67%
AMG	B	1.6%
PGR	A	1.54%
WBS	A	1.48%
MTG	C	1.46%
BPOP	B	1.45%
COLB	A	1.38%
BX	A	1.37%
SEIC	B	1.36%
FNB	A	1.35%
ACGL	D	1.35%
OMF	A	1.34%
HLI	B	1.34%
LNC	B	1.28%
OZK	B	1.28%
RYAN	B	1.23%
AXS	A	1.23%
TW	A	1.2%
WFC	A	1.17%
BRK.A	B	1.17%
ZION	B	1.15%
MS	A	1.15%
EWBC	A	1.14%
WTFC	A	1.1%
MTB	A	1.09%
HBAN	A	1.08%
NTRS	A	1.07%
UWMC	D	1.02%
NU	C	1.01%
SOFI	A	0.98%
STT	A	0.97%
BRO	B	0.96%
SLM	A	0.95%
MCO	B	0.92%
HIG	B	0.9%
CB	C	0.9%
AFL	B	0.89%
AMP	A	0.69%
CMA	A	0.68%
OWL	A	0.68%
FHB	A	0.68%
VIRT	B	0.67%
BAC	A	0.67%
PB	A	0.66%
JPM	A	0.66%
PNC	B	0.65%
RF	A	0.65%
FITB	A	0.64%
BOKF	B	0.63%
USB	A	0.63%
BK	A	0.62%
WAL	B	0.61%
VOYA	B	0.59%
RJF	A	0.38%
APO	B	0.38%
SF	B	0.36%
DFS	B	0.36%
CFR	B	0.36%
PNFP	B	0.36%
CBSH	A	0.35%
KEY	B	0.33%
MORN	B	0.31%
AJG	B	0.3%
AFG	A	0.3%
STWD	C	0.28%
FAF	A	0.28%
XP	F	0.27%
AGNC	D	0.26%

FXO Underweight 167 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%
DELL	C	-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	B	-1.04%
NTAP	C	-0.98%
COF	B	-0.96%
ZM	B	-0.96%
WDC	D	-0.92%
BBY	D	-0.91%
GFS	C	-0.91%
VICI	C	-0.85%
FOXA	B	-0.83%
MET	A	-0.83%
BIIB	F	-0.78%
DG	F	-0.76%
SNAP	C	-0.75%
EL	F	-0.74%
NWS	B	-0.72%
F	C	-0.72%
DD	D	-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	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%
TPR	B	-0.48%
CNC	D	-0.48%
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%
EQT	B	-0.39%
UAL	A	-0.39%
MRO	B	-0.39%
RS	B	-0.38%
EXC	C	-0.38%
FYBR	D	-0.37%
GAP	C	-0.37%
CIEN	B	-0.36%
EXPE	B	-0.36%
ED	D	-0.36%
SOLV	C	-0.35%
FLEX	A	-0.35%
DBX	B	-0.34%
LUV	C	-0.34%
SYF	B	-0.34%
ETR	B	-0.32%
TSN	B	-0.32%
PATH	C	-0.31%
LEVI	F	-0.3%
FTI	A	-0.3%
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%
U	C	-0.27%
DDS	B	-0.27%
AMKR	D	-0.26%
TXT	D	-0.26%
BIO	D	-0.26%
BLDR	D	-0.24%
PPL	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%
USM	B	-0.22%
SNA	A	-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%
M	D	-0.2%
JLL	D	-0.2%
ELAN	D	-0.2%
CLVT	F	-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	B	-0.18%
UPST	B	-0.18%
BG	F	-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%
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	C	-0.15%
CLF	F	-0.15%
LAD	A	-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%
AGR	B	-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%