JQUA vs. NXTI ETF Comparison

Comparison of JPMorgan U.S. Quality Factor ETF (JQUA) to Simplify Next Intangible Core Index ETF (NXTI)

JQUA

JPMorgan U.S. Quality Factor ETF

JQUA Description

The investment seeks investment results that closely correspond, before fees and expenses, to the performance of the JP Morgan US Quality Factor Index. The fund will invest at least 80% of its assets in securities included in the underlying index. Assets means net assets, plus the amount of borrowing for investment purposes. The underlying index is comprised of U.S. equity securities selected to represent quality factor characteristics.

Grade (RS Rating)

Last Trade

$59.18

Average Daily Volume

481,509

Number of Holdings ^*

278

* 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	JQUA	NXTI
30 Days	4.45%	5.73%
60 Days	5.31%	7.47%
90 Days	7.31%	10.93%
12 Months	31.33%

88 Overlapping Holdings

Symbol	Grade	Weight in JQUA	Weight in NXTI	Overlap
A	D	0.31%	0.26%	0.26%
ABNB	C	0.28%	0.58%	0.28%
ACGL	D	0.29%	0.14%	0.14%
ADBE	C	0.84%	2.94%	0.84%
AFL	B	0.39%	0.24%	0.24%
AJG	B	0.39%	0.25%	0.25%
AMAT	F	0.68%	0.74%	0.68%
AMP	A	0.38%	0.22%	0.22%
APP	B	0.86%	0.54%	0.54%
BBY	D	0.15%	0.18%	0.15%
BKNG	A	0.79%	0.88%	0.79%
BRK.A	B	1.86%	4.18%	1.86%
BRO	B	0.29%	0.12%	0.12%
CDNS	B	0.45%	0.87%	0.45%
CDW	F	0.16%	0.3%	0.16%
CL	D	0.39%	0.55%	0.39%
CLX	B	0.22%	0.13%	0.13%
CNC	D	0.11%	0.13%	0.11%
CSCO	B	1.02%	2.73%	1.02%
CTAS	B	0.47%	0.55%	0.47%
CTSH	B	0.34%	0.47%	0.34%
DASH	A	0.43%	0.42%	0.42%
DDOG	A	0.29%	0.54%	0.29%
DECK	A	0.32%	0.14%	0.14%
DLB	B	0.16%	0.04%	0.04%
DOCU	A	0.31%	0.18%	0.18%
DT	C	0.2%	0.19%	0.19%
EA	A	0.35%	0.5%	0.35%
EBAY	D	0.3%	0.33%	0.3%
ED	D	0.21%	0.32%	0.21%
EXPD	D	0.21%	0.12%	0.12%
EXPE	B	0.27%	0.14%	0.14%
FAST	B	0.09%	0.18%	0.09%
FFIV	B	0.27%	0.17%	0.17%
FTNT	C	0.44%	0.77%	0.44%
GWRE	A	0.11%	0.16%	0.11%
GWW	B	0.41%	0.31%	0.31%
HD	A	1.51%	1.6%	1.51%
HIG	B	0.22%	0.13%	0.13%
HPQ	B	0.21%	0.45%	0.21%
IBM	C	0.67%	2.28%	0.67%
IDXX	F	0.28%	1.04%	0.28%
INTU	C	0.82%	2.08%	0.82%
IT	C	0.34%	0.24%	0.24%
ITW	B	0.44%	0.49%	0.44%
KEYS	A	0.24%	0.17%	0.17%
KMB	D	0.29%	0.31%	0.29%
KO	D	0.76%	1.23%	0.76%
LRCX	F	0.46%	0.53%	0.46%
MA	C	1.58%	3.02%	1.58%
MANH	D	0.26%	0.19%	0.19%
META	D	2.07%	5.28%	2.07%
MMC	B	0.53%	0.43%	0.43%
MMM	D	0.33%	0.47%	0.33%
MPC	D	0.08%	0.33%	0.08%
MSI	B	0.34%	0.91%	0.34%
MTCH	D	0.11%	0.12%	0.11%
MTD	D	0.23%	0.18%	0.18%
NKE	D	0.48%	0.82%	0.48%
NOW	A	0.88%	2.29%	0.88%
NRG	B	0.15%	0.17%	0.15%
NTAP	C	0.18%	0.29%	0.18%
NTNX	A	0.17%	0.21%	0.17%
ORLY	B	0.43%	0.49%	0.43%
PANW	C	0.63%	1.5%	0.63%
PAYX	C	0.34%	0.32%	0.32%
PCOR	B	0.13%	0.11%	0.11%
PEN	B	0.18%	0.32%	0.18%
PGR	A	0.43%	0.56%	0.43%
PINS	D	0.15%	0.29%	0.15%
PLTR	B	0.62%	0.99%	0.62%
PSTG	D	0.19%	0.19%	0.19%
ROL	B	0.21%	0.15%	0.15%
RS	B	0.06%	0.09%	0.06%
SNPS	B	0.46%	0.95%	0.46%
TEAM	A	0.33%	0.61%	0.33%
TER	D	0.2%	0.12%	0.12%
TOST	B	0.22%	0.19%	0.19%
TRV	B	0.39%	0.22%	0.22%
TSCO	D	0.11%	0.11%	0.11%
ULTA	F	0.14%	0.16%	0.14%
UPS	C	0.04%	0.79%	0.04%
WAT	B	0.06%	0.14%	0.06%
WDAY	B	0.29%	0.81%	0.29%
WMT	A	0.21%	5.09%	0.21%
WSM	B	0.24%	0.14%	0.14%
XOM	B	1.71%	3.43%	1.71%
ZS	C	0.2%	0.33%	0.2%

JQUA Overweight 190 Positions Relative to NXTI

Symbol	Grade	Weight
NVDA	C	2.22%
GOOGL	C	1.89%
AAPL	C	1.86%
V	A	1.83%
MSFT	F	1.72%
COST	B	1.51%
JNJ	D	1.4%
PG	A	1.33%
CRM	B	1.3%
AVGO	D	1.25%
ABBV	D	1.17%
MRK	F	0.99%
ORCL	B	0.97%
ACN	C	0.88%
LIN	D	0.88%
MCD	D	0.87%
ABT	B	0.85%
QCOM	F	0.76%
CVX	A	0.72%
UNP	C	0.66%
TJX	A	0.63%
BLK	C	0.62%
BMY	B	0.61%
GILD	C	0.6%
LMT	D	0.58%
ADP	B	0.58%
SBUX	A	0.56%
SPGI	C	0.53%
ADI	D	0.53%
APH	A	0.51%
WM	A	0.5%
MO	A	0.5%
CB	C	0.47%
KLAC	D	0.46%
VZ	C	0.46%
MCO	B	0.44%
ZTS	D	0.44%
MAR	B	0.43%
AON	A	0.42%
CRWD	B	0.41%
REGN	F	0.41%
COP	C	0.4%
BDX	F	0.4%
MRVL	B	0.38%
CPRT	A	0.37%
LULU	C	0.37%
EOG	A	0.37%
ICE	C	0.36%
PSA	D	0.35%
RSG	A	0.34%
VRSK	A	0.33%
ROST	C	0.31%
T	A	0.3%
SPG	B	0.29%
BR	A	0.29%
RMD	C	0.29%
NDAQ	A	0.29%
WEC	A	0.29%
CSL	C	0.28%
VRT	B	0.28%
WSO	A	0.27%
ROP	B	0.27%
UTHR	C	0.27%
NVR	D	0.27%
YUM	B	0.27%
ALSN	B	0.26%
RNG	B	0.26%
MCHP	D	0.26%
WRB	A	0.25%
WY	D	0.25%
CLH	B	0.25%
SEIC	B	0.25%
HOLX	D	0.24%
EW	C	0.24%
HST	C	0.24%
DBX	B	0.24%
PAYC	B	0.24%
MCK	B	0.24%
LOPE	B	0.23%
MEDP	D	0.23%
LAMR	D	0.23%
EXR	D	0.23%
LEN	D	0.23%
POOL	C	0.23%
CTRA	B	0.23%
FDS	B	0.23%
LSTR	D	0.22%
VRSN	F	0.22%
SNOW	C	0.22%
LECO	B	0.22%
JAZZ	B	0.22%
DRI	B	0.22%
TWLO	A	0.22%
GGG	B	0.21%
IEX	B	0.21%
CHE	D	0.21%
SCCO	F	0.21%
MAA	B	0.21%
DOX	D	0.21%
OGE	B	0.21%
CF	B	0.2%
TPR	B	0.2%
LDOS	C	0.2%
HRB	D	0.2%
DVA	B	0.2%
CBOE	B	0.2%
FNF	B	0.19%
HPE	B	0.19%
ANSS	B	0.19%
BLDR	D	0.19%
LSCC	D	0.19%
TYL	B	0.19%
DKS	C	0.19%
CBSH	A	0.19%
ZM	B	0.19%
SWKS	F	0.18%
AKAM	D	0.18%
MPWR	F	0.17%
NFG	A	0.17%
SOLV	C	0.17%
UGI	A	0.16%
AYI	B	0.16%
SAIC	F	0.16%
EPAM	C	0.16%
JBL	B	0.16%
EXP	A	0.16%
STE	F	0.16%
AMT	D	0.16%
GEN	B	0.16%
DCI	B	0.16%
TDC	D	0.15%
RPM	A	0.15%
CRI	D	0.15%
PEGA	A	0.15%
WMS	D	0.15%
MSGS	A	0.15%
AFG	A	0.14%
ELS	C	0.14%
CNM	D	0.14%
CHD	B	0.14%
EVRG	A	0.14%
PRI	A	0.14%
JKHY	D	0.14%
MTSI	B	0.14%
RPRX	D	0.14%
SMAR	A	0.13%
SSNC	B	0.13%
MSM	C	0.13%
CCI	D	0.12%
DXC	B	0.12%
OKTA	C	0.12%
PEG	A	0.12%
ENTG	D	0.12%
PATH	C	0.12%
WU	D	0.12%
SKX	D	0.11%
YETI	C	0.11%
NDSN	B	0.11%
CRUS	D	0.11%
BSY	D	0.11%
DV	C	0.11%
AOS	F	0.11%
TPL	A	0.11%
COR	B	0.1%
WH	B	0.1%
CPT	B	0.1%
RLI	B	0.1%
QRVO	F	0.1%
BYD	C	0.1%
CHH	A	0.09%
ZI	D	0.09%
COKE	C	0.09%
LPX	B	0.09%
ATO	A	0.09%
IPGP	D	0.09%
OLN	D	0.09%
QGEN	D	0.08%
EQR	B	0.08%
SIRI	C	0.08%
INGR	B	0.08%
PINC	B	0.07%
GLPI	C	0.07%
TECH	D	0.06%
PHM	D	0.06%
CUBE	D	0.05%
GNTX	C	0.04%
AM	A	0.03%
CHRW	C	0.02%
VIRT	B	0.01%
SNX	C	0.0%

JQUA Underweight 109 Positions Relative to NXTI

Symbol	Grade	Weight
UNH	C	-2.16%
ALNY	D	-1.07%
UBER	D	-1.04%
DELL	C	-1.03%
PEP	F	-1.02%
SPOT	B	-0.93%
HON	B	-0.91%
PM	B	-0.9%
AXP	A	-0.77%
BX	A	-0.77%
ADSK	A	-0.72%
TGT	F	-0.67%
GEV	B	-0.66%
WMB	A	-0.59%
LOW	D	-0.59%
FICO	B	-0.57%
TT	A	-0.52%
ALGN	D	-0.47%
INCY	C	-0.46%
D	C	-0.46%
NTRA	B	-0.45%
FDX	B	-0.44%
SRPT	D	-0.43%
NBIX	C	-0.4%
INSM	C	-0.39%
PH	A	-0.39%
NET	B	-0.38%
KR	B	-0.37%
SHW	A	-0.36%
CI	F	-0.36%
ELV	F	-0.36%
ECL	D	-0.35%
TRGP	B	-0.34%
HUBS	A	-0.34%
VST	B	-0.32%
GDDY	A	-0.31%
CMI	A	-0.3%
HSIC	B	-0.3%
ITCI	C	-0.29%
CVS	D	-0.29%
EXEL	B	-0.29%
IOT	A	-0.28%
STX	D	-0.26%
BKR	B	-0.25%
RDDT	B	-0.24%
MDB	C	-0.24%
SNAP	C	-0.23%
VLTO	D	-0.23%
VMC	B	-0.23%
ZBRA	B	-0.23%
NWS	B	-0.22%
MNST	C	-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%
BBIO	F	-0.18%
EL	F	-0.18%
PRU	A	-0.18%
DD	D	-0.18%
CACI	D	-0.16%
OTIS	C	-0.16%
SYY	B	-0.16%
JNPR	F	-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%
BAH	F	-0.15%
CBRE	B	-0.15%
LYV	A	-0.15%
ALKS	B	-0.14%
DUOL	A	-0.14%
BURL	A	-0.14%
NI	A	-0.14%
AXSM	B	-0.14%
XYL	D	-0.14%
DOV	A	-0.12%
AVY	D	-0.12%
K	A	-0.12%
FOLD	F	-0.12%
APLS	D	-0.12%
PPG	F	-0.12%
TW	A	-0.11%
GTLB	B	-0.11%
TGTX	B	-0.11%
IOVA	F	-0.11%
RL	B	-0.11%
NYT	C	-0.11%
LII	A	-0.11%
DKNG	B	-0.1%
APPF	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%
WING	D	-0.08%
LNW	D	-0.04%

JQUA: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Business Services Diversified Industrials Specialty Retail Diagnostics & Research Insurance - Property & Casualty Semiconductor Equipment & Materials Biotechnology Drug Manufacturers - Major Household & Personal Products Internet Content & Information Capital Markets Industrial Distribution Insurance Brokers Integrated Shipping & Logistics Medical Instruments & Supplies Oil & Gas E&P