NXTI vs. XLK ETF Comparison

Comparison of Simplify Next Intangible Core Index ETF (NXTI) to SPDR Select Sector Fund - Technology (XLK)

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

$29.46

Average Daily Volume

459

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

XLK

SPDR Select Sector Fund - Technology

XLK Description

The investment seeks investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities of companies in The Technology Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy, which means that the fund typically invests in substantially all of the securities represented in the index in approximately the same proportions as the index. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$229.62

Average Daily Volume

4,024,701

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTI	XLK
30 Days	1.61%	-0.30%
60 Days	5.43%	4.34%
90 Days	8.31%	3.49%
12 Months		25.78%

28 Overlapping Holdings

Symbol	Grade	Weight in NXTI	Weight in XLK	Overlap
ADBE	F	3.13%	2.33%	2.33%
ADSK	B	0.7%	0.69%	0.69%
AMAT	F	0.81%	1.69%	0.81%
CDNS	B	0.86%	0.87%	0.86%
CDW	F	0.37%	0.28%	0.28%
CSCO	B	2.61%	2.46%	2.46%
CTSH	B	0.48%	0.42%	0.42%
DELL	C	0.98%	0.42%	0.42%
FFIV	B	0.15%	0.15%	0.15%
FICO	A	0.55%	0.56%	0.55%
FTNT	A	0.75%	0.56%	0.56%
GDDY	A	0.29%	0.26%	0.26%
HPQ	B	0.45%	0.38%	0.38%
IBM	D	2.41%	2.07%	2.07%
INTU	A	2.1%	1.98%	1.98%
IT	B	0.25%	0.44%	0.25%
JNPR	D	0.16%	0.13%	0.13%
KEYS	C	0.18%	0.3%	0.18%
LRCX	F	0.57%	1.08%	0.57%
MSI	A	0.92%	0.82%	0.82%
NOW	B	2.2%	2.2%	2.2%
NTAP	D	0.31%	0.27%	0.27%
PANW	B	1.39%	1.32%	1.32%
PLTR	A	0.87%	1.18%	0.87%
SNPS	C	0.93%	0.92%	0.92%
STX	D	0.28%	0.23%	0.23%
TER	F	0.15%	0.19%	0.15%
ZBRA	B	0.23%	0.22%	0.22%

NXTI Overweight 169 Positions Relative to XLK

Symbol	Grade	Weight
META	C	5.27%
WMT	A	4.94%
BRK.A	A	4.21%
XOM	B	3.4%
MA	A	2.95%
UNH	B	2.22%
HD	A	1.62%
KO	D	1.34%
IDXX	F	1.28%
ALNY	D	1.08%
UBER	C	1.07%
PEP	F	1.03%
NKE	D	0.93%
HON	A	0.9%
BKNG	A	0.89%
SPOT	A	0.88%
WDAY	B	0.84%
PM	A	0.81%
UPS	C	0.79%
AXP	A	0.76%
BX	A	0.69%
TGT	D	0.68%
CL	D	0.61%
LOW	A	0.61%
PGR	B	0.59%
ALGN	D	0.57%
GEV	A	0.56%
TT	A	0.55%
CTAS	B	0.55%
ABNB	C	0.53%
WMB	A	0.51%
TEAM	A	0.51%
ITW	B	0.5%
MMM	D	0.5%
DDOG	B	0.49%
ORLY	A	0.49%
ELV	F	0.48%
NTRA	B	0.47%
EA	A	0.47%
D	C	0.44%
MMC	C	0.44%
FDX	A	0.44%
INSM	D	0.42%
SRPT	F	0.42%
APP	A	0.41%
INCY	B	0.4%
PH	A	0.4%
CI	D	0.39%
SHW	B	0.38%
NBIX	D	0.38%
DASH	B	0.38%
MPC	D	0.37%
EBAY	D	0.37%
KR	B	0.37%
ECL	D	0.36%
HUBS	A	0.34%
NET	C	0.34%
ED	D	0.33%
KMB	C	0.33%
CVS	F	0.32%
HSIC	D	0.31%
VST	A	0.31%
PAYX	B	0.31%
ZS	B	0.31%
PINS	F	0.3%
CMI	A	0.3%
TRGP	A	0.3%
GWW	A	0.29%
A	D	0.29%
IOT	B	0.28%
PEN	B	0.27%
AJG	A	0.26%
EL	F	0.26%
ITCI	B	0.25%
MDB	C	0.25%
AFL	C	0.25%
VLTO	D	0.25%
SMMT	D	0.23%
EXEL	B	0.23%
IONS	F	0.23%
BKR	A	0.23%
NWS	A	0.21%
INSP	F	0.21%
BPMC	D	0.21%
BBY	C	0.21%
MTD	F	0.21%
VMC	B	0.21%
MNST	D	0.21%
TRV	A	0.21%
AIG	B	0.2%
NTNX	A	0.2%
MANH	D	0.2%
AMP	A	0.2%
SNAP	D	0.2%
ALL	A	0.2%
CYTK	D	0.2%
BBIO	F	0.19%
DT	C	0.19%
DD	D	0.19%
PSTG	F	0.19%
GIS	D	0.18%
HUM	F	0.18%
PRU	A	0.18%
TOST	A	0.18%
ACGL	C	0.17%
NRG	B	0.17%
OTIS	D	0.17%
SYY	D	0.17%
RARE	F	0.16%
FAST	B	0.16%
XYL	D	0.16%
DOCU	A	0.16%
HSY	F	0.16%
WSM	F	0.16%
ROL	A	0.16%
MDGL	C	0.16%
ULTA	D	0.16%
AXSM	B	0.15%
LYV	A	0.15%
ALKS	B	0.15%
BURL	C	0.15%
CBRE	B	0.15%
WAT	B	0.15%
CNC	F	0.15%
GWRE	B	0.15%
EXPE	A	0.14%
BAH	D	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%
CACI	C	0.14%
APLS	F	0.13%
LII	B	0.13%
GPC	D	0.13%
MTCH	F	0.13%
EXPD	D	0.13%
PPG	F	0.13%
APTV	F	0.13%
RDDT	B	0.13%
DECK	A	0.13%
CVNA	A	0.13%
APPF	C	0.12%
DYN	F	0.12%
WING	F	0.12%
K	B	0.12%
DOV	A	0.12%
TSCO	D	0.12%
BRO	B	0.12%
AVY	D	0.12%
GTLB	B	0.11%
DKNG	B	0.11%
PCOR	B	0.11%
RL	B	0.11%
FOLD	F	0.11%
TXT	D	0.11%
NYT	D	0.11%
DNLI	C	0.11%
IOVA	D	0.1%
RS	B	0.1%
AMED	F	0.1%
TGTX	B	0.1%
ACI	C	0.1%
TW	B	0.1%
CHWY	B	0.09%
DLB	D	0.04%
LNW	D	0.04%

NXTI Underweight 40 Positions Relative to XLK

Symbol	Grade	Weight
NVDA	B	-14.75%
AAPL	C	-13.93%
MSFT	D	-12.73%
AVGO	C	-4.54%
CRM	A	-3.16%
ORCL	A	-3.13%
AMD	F	-2.55%
ACN	C	-2.37%
TXN	C	-2.09%
QCOM	F	-2.02%
MU	D	-1.32%
ADI	D	-1.19%
ANET	C	-1.17%
INTC	C	-1.17%
KLAC	F	-0.97%
APH	B	-0.93%
CRWD	B	-0.8%
ROP	C	-0.64%
NXPI	F	-0.63%
MCHP	F	-0.42%
MPWR	F	-0.4%
GLW	B	-0.39%
ANSS	B	-0.33%
ON	F	-0.32%
HPE	B	-0.29%
TYL	B	-0.28%
PTC	B	-0.24%
WDC	F	-0.24%
TDY	B	-0.23%
FSLR	F	-0.22%
TRMB	A	-0.18%
AKAM	F	-0.17%
GEN	B	-0.17%
JBL	C	-0.16%
VRSN	D	-0.16%
SWKS	F	-0.15%
EPAM	B	-0.14%
SMCI	F	-0.13%
ENPH	F	-0.1%
QRVO	F	-0.07%