NXTV vs. FDIS ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Fidelity MSCI Consumer Discretionary Index ETF (FDIS)

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

$27.97

Average Daily Volume

696

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

FDIS

Fidelity MSCI Consumer Discretionary Index ETF

FDIS Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Consumer Discretionary Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Consumer Discretionary Index, which represents the performance of the consumer discretionary sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Consumer Discretionary Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.27

Average Daily Volume

72,440

Number of Holdings ^*

263

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	FDIS
30 Days	0.08%	7.21%
60 Days	3.05%	8.26%
90 Days	6.04%	13.40%
12 Months		29.65%

34 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in FDIS	Overlap
ADTN	A	0.17%	0.06%	0.06%
AEO	F	0.19%	0.08%	0.08%
ASO	F	0.17%	0.08%	0.08%
BBY	D	1.02%	0.32%	0.32%
BWA	D	0.17%	0.15%	0.15%
BYD	B	0.04%	0.12%	0.04%
CCL	A	0.37%	0.43%	0.37%
CPRI	F	0.21%	0.05%	0.05%
DDS	B	0.28%	0.05%	0.05%
EBAY	D	1.22%	0.54%	0.54%
EXPE	B	0.33%	0.42%	0.33%
F	C	0.73%	0.72%	0.72%
GAP	D	0.39%	0.11%	0.11%
GM	B	0.9%	1.09%	0.9%
GPC	F	0.33%	0.3%	0.3%
JWN	C	0.17%	0.07%	0.07%
KMX	C	0.21%	0.23%	0.21%
LAD	B	0.14%	0.2%	0.14%
LCID	F	0.14%	0.07%	0.07%
LEN	D	0.65%	0.69%	0.65%
LEVI	F	0.37%	0.05%	0.05%
LKQ	F	0.18%	0.19%	0.18%
M	D	0.2%	0.09%	0.09%
MGM	D	0.08%	0.18%	0.08%
PAG	B	0.2%	0.08%	0.08%
PVH	C	0.16%	0.12%	0.12%
RIVN	F	0.2%	0.15%	0.15%
SIG	C	0.17%	0.1%	0.1%
TOL	B	0.19%	0.29%	0.19%
TPR	B	0.46%	0.25%	0.25%
URBN	C	0.16%	0.06%	0.06%
VFC	C	0.21%	0.15%	0.15%
W	D	0.27%	0.07%	0.07%
WHR	B	0.16%	0.14%	0.14%

NXTV Overweight 161 Positions Relative to FDIS

Symbol	Grade	Weight
CMCSA	B	5.15%
VZ	C	4.9%
T	A	4.84%
PFE	F	4.65%
INTC	C	3.77%
DELL	B	3.21%
C	B	1.86%
KR	B	1.78%
HPQ	B	1.46%
CVS	F	1.18%
FDX	B	1.13%
HPE	B	1.09%
EL	F	1.05%
NTAP	C	1.04%
GFS	C	0.98%
WDC	F	0.94%
ZM	B	0.88%
COF	B	0.87%
VICI	C	0.87%
MET	A	0.86%
BIIB	F	0.85%
FOXA	B	0.82%
DG	F	0.79%
TRV	A	0.78%
ALL	A	0.74%
DD	D	0.73%
AIG	C	0.71%
NUE	D	0.7%
MRNA	F	0.69%
NWS	A	0.68%
FCNCA	A	0.67%
HUM	D	0.66%
PRU	B	0.65%
SNAP	D	0.65%
DLTR	F	0.65%
KHC	F	0.64%
ZBH	C	0.63%
CTVA	C	0.59%
SYY	D	0.58%
CNC	F	0.57%
BAX	F	0.56%
SRE	A	0.53%
JNPR	D	0.53%
ILMN	C	0.52%
ACI	C	0.49%
D	C	0.48%
CACI	C	0.47%
PCG	A	0.44%
CTRA	B	0.44%
SNX	D	0.43%
LBRDK	C	0.43%
TWLO	A	0.43%
ALB	B	0.42%
ADM	D	0.42%
IP	A	0.41%
VTRS	A	0.41%
PPG	F	0.4%
EXC	C	0.39%
RS	B	0.38%
EQT	A	0.38%
MRO	A	0.37%
FYBR	C	0.36%
INCY	C	0.36%
ED	C	0.36%
CIEN	B	0.34%
MKL	A	0.34%
SWK	F	0.33%
DBX	C	0.33%
SOLV	F	0.33%
WRB	B	0.33%
FLEX	B	0.33%
TSN	B	0.32%
LUV	B	0.32%
AMKR	F	0.31%
PATH	C	0.31%
CINF	A	0.31%
U	F	0.3%
SYF	B	0.3%
CFG	B	0.29%
FTI	A	0.29%
PFG	C	0.29%
ARE	F	0.29%
NSIT	F	0.28%
UAL	A	0.28%
TXT	D	0.28%
BLDR	D	0.27%
ETR	A	0.27%
L	A	0.27%
HSIC	C	0.27%
BILL	B	0.26%
LUMN	C	0.26%
OVV	C	0.26%
CRBG	B	0.26%
PEGA	B	0.26%
FNF	A	0.25%
EG	D	0.25%
PPL	A	0.24%
BIO	C	0.24%
ROKU	D	0.24%
SATS	C	0.23%
ELAN	D	0.23%
COTY	F	0.23%
CPB	D	0.22%
RNR	C	0.22%
RGA	B	0.22%
KD	A	0.22%
AR	B	0.21%
DINO	D	0.21%
AIT	B	0.21%
CLVT	D	0.21%
JLL	D	0.2%
CNH	C	0.2%
EQH	B	0.2%
ALLY	C	0.2%
JAZZ	C	0.2%
CNA	C	0.2%
BG	D	0.2%
PFGC	B	0.2%
EXEL	B	0.2%
IAC	D	0.19%
JEF	A	0.19%
SNA	B	0.19%
USM	B	0.19%
COKE	C	0.19%
RPM	B	0.19%
WCC	B	0.19%
TAP	B	0.18%
ARW	F	0.18%
SWN	C	0.18%
FLS	A	0.17%
AA	A	0.17%
RHI	C	0.17%
BEN	C	0.16%
XRAY	D	0.16%
AIZ	A	0.16%
NOV	D	0.16%
ALIT	C	0.16%
UNM	A	0.16%
GL	C	0.15%
SANM	B	0.15%
ZI	D	0.15%
FRSH	C	0.15%
SLAB	F	0.15%
NI	A	0.15%
WFRD	F	0.15%
DXC	D	0.15%
ORI	A	0.14%
EVRG	A	0.14%
AGR	A	0.14%
CLF	F	0.14%
UPST	B	0.14%
FHN	A	0.13%
MUR	F	0.13%
CIVI	D	0.13%
INGR	B	0.13%
WBD	B	0.13%
CXT	C	0.13%
X	C	0.13%
ALKS	C	0.13%
SON	F	0.13%
DLB	F	0.05%

NXTV Underweight 229 Positions Relative to FDIS

Symbol	Grade	Weight
AMZN	B	-23.16%
TSLA	A	-14.23%
HD	A	-6.43%
MCD	D	-3.46%
BKNG	A	-2.73%
LOW	C	-2.49%
TJX	A	-2.19%
SBUX	A	-1.83%
NKE	F	-1.49%
MELI	D	-1.39%
CMG	C	-1.35%
ORLY	B	-1.19%
MAR	B	-1.14%
HLT	A	-1.04%
ABNB	D	-0.97%
RCL	A	-0.95%
AZO	C	-0.89%
DASH	A	-0.83%
DHI	D	-0.81%
ROST	D	-0.79%
YUM	D	-0.64%
LULU	C	-0.63%
GRMN	B	-0.55%
NVR	D	-0.5%
TSCO	D	-0.5%
DECK	A	-0.47%
PHM	D	-0.47%
CVNA	A	-0.46%
DRI	C	-0.35%
LVS	B	-0.32%
ULTA	F	-0.32%
DKNG	B	-0.31%
BURL	A	-0.31%
WSM	D	-0.29%
DPZ	C	-0.27%
APTV	F	-0.26%
TXRH	B	-0.25%
POOL	D	-0.25%
NCLH	B	-0.23%
SCI	A	-0.23%
DKS	D	-0.22%
BLD	F	-0.21%
DUOL	A	-0.21%
MUSA	B	-0.2%
ARMK	C	-0.19%
FND	F	-0.19%
PLNT	A	-0.18%
WYNN	D	-0.18%
CHDN	C	-0.18%
WING	D	-0.18%
TPX	B	-0.18%
RL	C	-0.17%
SKX	F	-0.16%
LNW	F	-0.16%
GME	C	-0.16%
HAS	D	-0.16%
HRB	D	-0.16%
WH	B	-0.16%
CZR	F	-0.16%
BROS	A	-0.15%
ANF	C	-0.15%
TMHC	B	-0.15%
MHK	D	-0.15%
MAT	D	-0.14%
EAT	A	-0.14%
GNTX	F	-0.14%
H	B	-0.14%
ALV	C	-0.14%
CHWY	B	-0.13%
OLLI	D	-0.13%
KBH	D	-0.13%
GPI	B	-0.13%
MOD	A	-0.13%
MTN	C	-0.13%
MTH	D	-0.13%
BC	D	-0.12%
CROX	F	-0.12%
ETSY	D	-0.12%
THO	C	-0.12%
BFAM	F	-0.12%
SKY	A	-0.12%
BBWI	C	-0.12%
LRN	A	-0.11%
ABG	B	-0.11%
IBP	F	-0.11%
KTB	A	-0.11%
LEA	F	-0.11%
CHH	A	-0.11%
RH	D	-0.11%
SHAK	C	-0.11%
LOPE	B	-0.11%
PTON	C	-0.11%
VVV	D	-0.11%
FTDR	B	-0.11%
TPH	D	-0.1%
TNL	B	-0.1%
FIVE	F	-0.1%
BOOT	D	-0.1%
DORM	B	-0.1%
AN	D	-0.1%
MHO	D	-0.1%
GHC	B	-0.09%
HBI	B	-0.09%
VSCO	A	-0.09%
NWL	B	-0.09%
CVCO	A	-0.09%
ATGE	B	-0.09%
HOG	F	-0.09%
SGBX	F	-0.09%
VSTO	A	-0.08%
LCII	D	-0.08%
COLM	B	-0.08%
VAC	C	-0.08%
PATK	D	-0.08%
WWW	A	-0.08%
SHOO	D	-0.08%
HGV	C	-0.08%
PII	F	-0.08%
WEN	C	-0.08%
YETI	D	-0.08%
PENN	C	-0.08%
LGIH	F	-0.07%
GOLF	B	-0.07%
RVLV	B	-0.07%
CWH	C	-0.07%
RRR	F	-0.07%
CCS	F	-0.07%
GRBK	D	-0.07%
UAA	C	-0.07%
LAUR	A	-0.07%
CAKE	B	-0.07%
PHIN	B	-0.07%
AAP	D	-0.06%
SABR	B	-0.06%
WGO	D	-0.06%
STRA	C	-0.06%
UA	C	-0.06%
EVRI	A	-0.06%
SBH	B	-0.06%
BKE	B	-0.06%
FL	F	-0.06%
OSW	B	-0.06%
LTH	C	-0.06%
LZB	B	-0.06%
VC	F	-0.06%
GT	C	-0.06%
WRBY	A	-0.06%
MNRO	C	-0.05%
PLYA	B	-0.05%
THRM	F	-0.05%
MBUU	C	-0.05%
SAH	B	-0.05%
FLUT	A	-0.05%
WINA	B	-0.05%
ADNT	F	-0.05%
BZH	C	-0.05%
SONO	C	-0.05%
QS	D	-0.05%
GIII	D	-0.05%
UTI	A	-0.05%
UPBD	C	-0.05%
KSS	F	-0.05%
CRI	F	-0.05%
XPEL	C	-0.05%
LEG	F	-0.05%
MCRI	A	-0.05%
PZZA	F	-0.05%
AXL	C	-0.04%
MODG	F	-0.04%
FIGS	F	-0.04%
RGR	F	-0.04%
ACEL	C	-0.04%
FWRG	C	-0.04%
HZO	F	-0.04%
ETD	D	-0.04%
OXM	F	-0.04%
COUR	F	-0.04%
JACK	D	-0.04%
PTLO	F	-0.04%
DFH	F	-0.04%
CAL	F	-0.04%
WOR	F	-0.04%
SCVL	F	-0.04%
BJRI	C	-0.04%
FOXF	F	-0.04%
DNUT	F	-0.04%
HOV	D	-0.04%
HELE	C	-0.04%
PRDO	B	-0.04%
SMP	C	-0.04%
GDEN	B	-0.04%
PLAY	D	-0.04%
VZIO	A	-0.04%
CBRL	C	-0.04%
MCW	C	-0.04%
GES	F	-0.03%
ARKO	D	-0.03%
RICK	C	-0.03%
BALY	A	-0.03%
LIND	B	-0.03%
SWBI	C	-0.03%
ODP	F	-0.03%
DIN	C	-0.03%
KRUS	D	-0.03%
EYE	C	-0.03%
BLMN	F	-0.03%
DAN	F	-0.03%
UDMY	D	-0.03%
GTX	F	-0.03%
LAZR	D	-0.02%
LEGH	D	-0.02%
HVT	D	-0.02%
BOWL	D	-0.02%
CRMT	F	-0.02%
MOV	D	-0.02%
DENN	D	-0.02%
TH	C	-0.02%
XPOF	B	-0.02%
ARHS	F	-0.02%
LESL	C	-0.02%
WOOF	D	-0.02%
SRI	F	-0.01%
EWCZ	D	-0.01%
GRPN	F	-0.01%
DBI	F	-0.01%
FLWS	F	-0.01%
CRCT	F	-0.01%
AMRK	F	-0.0%
RSI	B	-0.0%