JOET vs. NXTI ETF Comparison

Comparison of Virtus Terranova U.S. Quality Momentum ETF (JOET) to Simplify Next Intangible Core Index ETF (NXTI)

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$39.43

Average Daily Volume

26,888

Number of Holdings ^*

124

* 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

$29.58

Average Daily Volume

463

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	JOET	NXTI
30 Days	3.85%	2.04%
60 Days	7.85%	4.90%
90 Days	11.25%	8.14%
12 Months	36.25%

38 Overlapping Holdings

Symbol	Grade	Weight in JOET	Weight in NXTI	Overlap
ACGL	D	0.72%	0.14%	0.14%
ADSK	B	0.81%	0.72%	0.72%
AFL	C	0.76%	0.24%	0.24%
ALL	A	0.79%	0.19%	0.19%
AMAT	F	0.76%	0.74%	0.74%
AMP	A	0.83%	0.22%	0.22%
APP	A	1.3%	0.54%	0.54%
AXP	B	0.81%	0.77%	0.77%
BRK.A	B	0.77%	4.18%	0.77%
BRO	B	0.8%	0.12%	0.12%
CMI	A	0.83%	0.3%	0.3%
CTAS	B	0.79%	0.55%	0.55%
DDOG	A	0.79%	0.54%	0.54%
DECK	A	0.79%	0.14%	0.14%
DOCU	B	0.88%	0.18%	0.18%
DOV	B	0.8%	0.12%	0.12%
FAST	B	0.81%	0.18%	0.18%
FTNT	B	0.89%	0.77%	0.77%
GWW	B	0.81%	0.31%	0.31%
HIG	B	0.78%	0.13%	0.13%
IT	C	0.79%	0.24%	0.24%
MA	B	0.78%	3.02%	0.78%
META	C	0.76%	5.28%	0.76%
NOW	B	0.84%	2.29%	0.84%
PANW	B	0.83%	1.5%	0.83%
PGR	B	0.8%	0.56%	0.56%
PH	B	0.85%	0.39%	0.39%
PLTR	A	1.0%	0.99%	0.99%
ROL	B	0.81%	0.15%	0.15%
SPOT	B	0.94%	0.93%	0.93%
TRV	A	0.77%	0.22%	0.22%
TSCO	D	0.78%	0.11%	0.11%
TT	A	0.79%	0.52%	0.52%
TW	A	0.74%	0.11%	0.11%
UBER	F	0.7%	1.04%	0.7%
VMC	B	0.83%	0.23%	0.23%
WMT	A	0.78%	5.09%	0.78%
XYL	D	0.71%	0.14%	0.14%

JOET Overweight 86 Positions Relative to NXTI

Symbol	Grade	Weight
AXON	A	1.03%
COIN	A	0.98%
GRMN	B	0.97%
UAL	A	0.91%
DAL	A	0.89%
IBKR	A	0.89%
SYF	B	0.87%
CRWD	B	0.87%
RCL	A	0.87%
CRM	B	0.86%
APO	A	0.86%
DFS	B	0.86%
HEI	A	0.85%
NFLX	A	0.85%
FCNCA	A	0.85%
PODD	B	0.85%
SQ	A	0.85%
AMZN	B	0.85%
HWM	A	0.84%
HBAN	B	0.84%
CFG	B	0.83%
RF	A	0.83%
GM	B	0.83%
PCAR	C	0.82%
SYK	A	0.82%
MTB	A	0.82%
RJF	A	0.82%
ORCL	A	0.82%
IR	B	0.81%
BR	B	0.81%
VRT	A	0.81%
JPM	A	0.81%
FITB	B	0.81%
ETN	B	0.8%
SPGI	D	0.8%
ISRG	A	0.8%
APH	B	0.8%
TTD	B	0.8%
CINF	A	0.79%
COST	A	0.79%
NTRS	A	0.79%
NVDA	A	0.79%
RSG	A	0.79%
WRB	B	0.78%
PFG	C	0.78%
PYPL	B	0.78%
URI	B	0.78%
WELL	A	0.78%
WAB	B	0.78%
BSX	A	0.78%
PWR	A	0.78%
BK	B	0.77%
MLM	B	0.77%
NVR	D	0.76%
MSFT	D	0.76%
ACN	C	0.76%
NU	C	0.75%
ANET	C	0.75%
PSA	C	0.75%
CMG	C	0.75%
CB	C	0.75%
AVGO	C	0.75%
CARR	D	0.75%
CAT	C	0.75%
ROST	D	0.75%
LEN	D	0.74%
EXR	C	0.74%
CPNG	D	0.74%
HUBB	B	0.74%
KLAC	F	0.73%
GD	D	0.73%
PHM	D	0.73%
FSLR	F	0.72%
QCOM	F	0.72%
RMD	C	0.71%
ADI	D	0.7%
DHI	D	0.69%
MELI	D	0.69%
O	C	0.69%
LLY	F	0.67%
IRM	C	0.67%
AMD	F	0.66%
CHKP	D	0.65%
CEG	C	0.64%
MPWR	F	0.49%
SMCI	F	0.29%

JOET Underweight 159 Positions Relative to NXTI

Symbol	Grade	Weight
XOM	B	-3.43%
ADBE	D	-2.94%
CSCO	B	-2.73%
IBM	C	-2.28%
UNH	C	-2.16%
INTU	B	-2.08%
HD	A	-1.6%
KO	D	-1.23%
ALNY	D	-1.07%
IDXX	F	-1.04%
DELL	B	-1.03%
PEP	F	-1.02%
SNPS	C	-0.95%
MSI	B	-0.91%
HON	B	-0.91%
PM	A	-0.9%
BKNG	A	-0.88%
CDNS	B	-0.87%
NKE	F	-0.82%
WDAY	C	-0.81%
UPS	C	-0.79%
BX	A	-0.77%
TGT	B	-0.67%
GEV	A	-0.66%
TEAM	A	-0.61%
WMB	A	-0.59%
LOW	C	-0.59%
ABNB	D	-0.58%
FICO	B	-0.57%
CL	D	-0.55%
LRCX	F	-0.53%
EA	A	-0.5%
ORLY	B	-0.49%
ITW	B	-0.49%
ALGN	D	-0.47%
CTSH	C	-0.47%
MMM	D	-0.47%
INCY	C	-0.46%
D	C	-0.46%
HPQ	B	-0.45%
NTRA	A	-0.45%
FDX	B	-0.44%
SRPT	F	-0.43%
MMC	D	-0.43%
DASH	A	-0.42%
NBIX	C	-0.4%
INSM	C	-0.39%
NET	B	-0.38%
KR	B	-0.37%
SHW	C	-0.36%
CI	D	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
TRGP	A	-0.34%
HUBS	B	-0.34%
MPC	D	-0.33%
EBAY	D	-0.33%
ZS	B	-0.33%
ED	C	-0.32%
PAYX	B	-0.32%
PEN	B	-0.32%
VST	A	-0.32%
GDDY	A	-0.31%
KMB	C	-0.31%
HSIC	C	-0.3%
CDW	F	-0.3%
ITCI	B	-0.29%
CVS	F	-0.29%
NTAP	C	-0.29%
PINS	F	-0.29%
EXEL	B	-0.29%
IOT	A	-0.28%
A	F	-0.26%
STX	D	-0.26%
BKR	B	-0.25%
AJG	B	-0.25%
RDDT	A	-0.24%
MDB	C	-0.24%
SNAP	D	-0.23%
VLTO	C	-0.23%
ZBRA	B	-0.23%
NWS	A	-0.22%
MNST	C	-0.22%
IONS	F	-0.22%
NTNX	B	-0.21%
MDGL	C	-0.2%
CYTK	D	-0.2%
BPMC	C	-0.2%
AIG	C	-0.2%
MANH	D	-0.19%
CVNA	A	-0.19%
DT	C	-0.19%
INSP	F	-0.19%
PSTG	F	-0.19%
SMMT	D	-0.19%
TOST	A	-0.19%
BBIO	F	-0.18%
EL	F	-0.18%
PRU	B	-0.18%
DD	D	-0.18%
MTD	F	-0.18%
BBY	D	-0.18%
FFIV	B	-0.17%
NRG	B	-0.17%
KEYS	C	-0.17%
CACI	C	-0.16%
ULTA	F	-0.16%
OTIS	C	-0.16%
GWRE	A	-0.16%
SYY	D	-0.16%
JNPR	D	-0.16%
GIS	F	-0.16%
HUM	D	-0.15%
RARE	F	-0.15%
CORT	C	-0.15%
ILMN	C	-0.15%
HSY	F	-0.15%
BAH	D	-0.15%
CBRE	B	-0.15%
LYV	A	-0.15%
ALKS	C	-0.14%
WAT	C	-0.14%
DUOL	A	-0.14%
WSM	D	-0.14%
EXPE	B	-0.14%
BURL	A	-0.14%
NI	A	-0.14%
AXSM	B	-0.14%
CNC	F	-0.13%
CLX	A	-0.13%
AVY	D	-0.12%
EXPD	D	-0.12%
K	B	-0.12%
FOLD	F	-0.12%
TER	F	-0.12%
APLS	F	-0.12%
MTCH	F	-0.12%
PPG	F	-0.12%
GTLB	B	-0.11%
TGTX	B	-0.11%
IOVA	F	-0.11%
RL	C	-0.11%
NYT	D	-0.11%
LII	A	-0.11%
PCOR	C	-0.11%
DKNG	B	-0.1%
APPF	C	-0.1%
AMED	F	-0.1%
ACI	C	-0.1%
TXT	D	-0.1%
GPC	F	-0.1%
DNLI	C	-0.1%
APTV	F	-0.1%
CHWY	B	-0.09%
DYN	F	-0.09%
RS	B	-0.09%
WING	D	-0.08%
DLB	F	-0.04%
LNW	F	-0.04%