NXTI vs. IWLG ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to IQ MacKay Municipal Insured ETF (IWLG)

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

$30.72

Average Daily Volume

459

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

IWLG

IQ MacKay Municipal Insured ETF

IWLG Description

IQ MacKay Municipal Insured ETF seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$48.26

Average Daily Volume

10,106

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	IWLG
30 Days	7.87%	4.52%
60 Days	8.28%	6.52%
90 Days	12.55%	10.19%
12 Months		39.67%

16 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in IWLG	Overlap
ADBE	C	2.94%	0.84%	0.84%
ALNY	D	1.07%	0.95%	0.95%
BKNG	A	0.88%	0.55%	0.55%
FICO	A	0.57%	1.73%	0.57%
INTU	C	2.08%	1.55%	1.55%
LRCX	D	0.53%	1.43%	0.53%
MA	A	3.02%	2.33%	2.33%
META	D	5.28%	5.28%	5.28%
NOW	A	2.29%	1.75%	1.75%
ORLY	A	0.49%	1.19%	0.49%
SNPS	B	0.95%	1.07%	0.95%
SPOT	B	0.93%	2.49%	0.93%
TT	A	0.52%	1.86%	0.52%
UBER	D	1.04%	1.51%	1.04%
VMC	B	0.23%	0.97%	0.23%
WDAY	C	0.81%	1.76%	0.81%

NXTI Overweight 181 Positions Relative to IWLG

Symbol	Grade	Weight
WMT	A	5.09%
BRK.A	B	4.18%
XOM	C	3.43%
CSCO	A	2.73%
IBM	C	2.28%
UNH	B	2.16%
HD	B	1.6%
PANW	B	1.5%
KO	D	1.23%
IDXX	F	1.04%
DELL	C	1.03%
PEP	F	1.02%
PLTR	B	0.99%
MSI	B	0.91%
HON	B	0.91%
PM	A	0.9%
CDNS	B	0.87%
NKE	F	0.82%
UPS	C	0.79%
FTNT	B	0.77%
AXP	A	0.77%
BX	B	0.77%
AMAT	F	0.74%
ADSK	B	0.72%
TGT	F	0.67%
GEV	B	0.66%
TEAM	B	0.61%
WMB	B	0.59%
LOW	C	0.59%
ABNB	C	0.58%
PGR	A	0.56%
CL	D	0.55%
CTAS	A	0.55%
APP	B	0.54%
DDOG	B	0.54%
EA	B	0.5%
ITW	A	0.49%
ALGN	D	0.47%
CTSH	A	0.47%
MMM	C	0.47%
INCY	B	0.46%
D	C	0.46%
HPQ	B	0.45%
NTRA	B	0.45%
FDX	B	0.44%
SRPT	C	0.43%
MMC	A	0.43%
DASH	A	0.42%
NBIX	C	0.4%
INSM	C	0.39%
PH	A	0.39%
NET	B	0.38%
KR	A	0.37%
SHW	A	0.36%
CI	D	0.36%
ELV	F	0.36%
ECL	D	0.35%
TRGP	B	0.34%
HUBS	B	0.34%
MPC	D	0.33%
EBAY	C	0.33%
ZS	C	0.33%
ED	C	0.32%
PAYX	B	0.32%
PEN	B	0.32%
VST	B	0.32%
GDDY	A	0.31%
KMB	C	0.31%
GWW	A	0.31%
CMI	A	0.3%
HSIC	B	0.3%
CDW	F	0.3%
ITCI	B	0.29%
CVS	D	0.29%
NTAP	B	0.29%
PINS	D	0.29%
EXEL	A	0.29%
IOT	B	0.28%
A	D	0.26%
STX	D	0.26%
BKR	C	0.25%
AJG	A	0.25%
IT	C	0.24%
AFL	A	0.24%
RDDT	C	0.24%
MDB	C	0.24%
SNAP	C	0.23%
VLTO	D	0.23%
ZBRA	A	0.23%
NWS	B	0.22%
AMP	A	0.22%
MNST	B	0.22%
TRV	B	0.22%
IONS	D	0.22%
NTNX	B	0.21%
MDGL	B	0.2%
CYTK	F	0.2%
BPMC	C	0.2%
AIG	B	0.2%
MANH	C	0.19%
CVNA	B	0.19%
DT	C	0.19%
INSP	D	0.19%
ALL	A	0.19%
PSTG	D	0.19%
SMMT	D	0.19%
TOST	B	0.19%
BBIO	D	0.18%
FAST	A	0.18%
EL	F	0.18%
PRU	A	0.18%
DOCU	B	0.18%
DD	D	0.18%
MTD	D	0.18%
BBY	D	0.18%
FFIV	A	0.17%
NRG	B	0.17%
KEYS	B	0.17%
CACI	D	0.16%
ULTA	F	0.16%
OTIS	C	0.16%
GWRE	A	0.16%
SYY	C	0.16%
JNPR	F	0.16%
GIS	D	0.16%
HUM	C	0.15%
RARE	D	0.15%
CORT	B	0.15%
ILMN	C	0.15%
HSY	F	0.15%
ROL	A	0.15%
BAH	F	0.15%
CBRE	A	0.15%
LYV	B	0.15%
DECK	B	0.14%
ALKS	B	0.14%
WAT	A	0.14%
DUOL	B	0.14%
WSM	B	0.14%
EXPE	B	0.14%
BURL	B	0.14%
NI	A	0.14%
AXSM	B	0.14%
XYL	D	0.14%
ACGL	D	0.14%
CNC	F	0.13%
HIG	A	0.13%
CLX	C	0.13%
DOV	A	0.12%
AVY	D	0.12%
EXPD	D	0.12%
K	A	0.12%
FOLD	D	0.12%
TER	D	0.12%
APLS	C	0.12%
MTCH	D	0.12%
PPG	D	0.12%
BRO	A	0.12%
TW	A	0.11%
GTLB	C	0.11%
TGTX	B	0.11%
IOVA	F	0.11%
RL	B	0.11%
TSCO	D	0.11%
NYT	D	0.11%
LII	B	0.11%
PCOR	B	0.11%
DKNG	C	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	F	0.1%
CHWY	C	0.09%
DYN	F	0.09%
RS	B	0.09%
WING	D	0.08%
DLB	B	0.04%
LNW	D	0.04%

NXTI Underweight 26 Positions Relative to IWLG

Symbol	Grade	Weight
MSFT	C	-12.49%
AMZN	B	-8.27%
NVDA	C	-7.8%
AAPL	A	-6.63%
AVGO	D	-4.01%
LLY	D	-2.51%
GOOG	C	-2.44%
GOOGL	C	-2.42%
ISRG	B	-2.23%
GE	C	-2.0%
KKR	A	-1.99%
NFLX	B	-1.8%
AMD	F	-1.78%
ETN	A	-1.62%
TSLA	B	-1.52%
MELI	C	-1.49%
CMG	B	-1.34%
SBUX	B	-1.27%
ORCL	B	-1.22%
SYK	B	-1.19%
SHOP	B	-1.11%
WCN	A	-1.07%
ASML	F	-1.05%
HLT	A	-1.03%
TXN	D	-0.97%
BSX	B	-0.95%