NXTV vs. FPAG ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to FPA Global Equity ETF (FPAG)
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

$27.33

Average Daily Volume

601

Number of Holdings *

195

* may have additional holdings in another (foreign) market
FPAG

FPA Global Equity ETF

FPAG Description Although the adviser has adopted a policy to invest at least 80% of its assets in equity securities, the adviser expects to invest, under normal circumstances, at least 95% of the fund?s assets in equity securities. The fund invests primarily in publicly traded common stocks of mid- and large-cap U.S. and non-U.S. companies, including companies in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.75

Average Daily Volume

25,748

Number of Holdings *

25

* may have additional holdings in another (foreign) market
Performance
Period NXTV FPAG
30 Days -0.16% 0.08%
60 Days 1.61% 1.01%
90 Days 6.49% 5.63%
12 Months 31.03%
4 Overlapping Holdings
Symbol Grade Weight in NXTV Weight in FPAG Overlap
C A 1.86% 4.88% 1.86%
CMCSA A 5.15% 4.78% 4.78%
KMX F 0.21% 1.85% 0.21%
PCG B 0.44% 0.21% 0.21%
NXTV Overweight 191 Positions Relative to FPAG
Symbol Grade Weight
VZ D 4.9%
T A 4.84%
PFE D 4.65%
INTC C 3.77%
DELL A 3.21%
KR A 1.78%
HPQ B 1.46%
EBAY D 1.22%
CVS F 1.18%
FDX C 1.13%
HPE A 1.09%
EL F 1.05%
NTAP D 1.04%
BBY D 1.02%
GFS F 0.98%
WDC C 0.94%
GM B 0.9%
ZM A 0.88%
COF A 0.87%
VICI D 0.87%
MET C 0.86%
BIIB F 0.85%
FOXA A 0.82%
DG F 0.79%
TRV B 0.78%
ALL C 0.74%
DD D 0.73%
F D 0.73%
AIG B 0.71%
NUE F 0.7%
MRNA F 0.69%
NWS A 0.68%
FCNCA C 0.67%
HUM F 0.66%
PRU B 0.65%
SNAP B 0.65%
LEN D 0.65%
DLTR F 0.65%
KHC D 0.64%
ZBH C 0.63%
CTVA A 0.59%
SYY D 0.58%
CNC D 0.57%
BAX F 0.56%
SRE C 0.53%
JNPR A 0.53%
ILMN A 0.52%
ACI C 0.49%
D B 0.48%
CACI A 0.47%
TPR A 0.46%
CTRA F 0.44%
SNX C 0.43%
LBRDK A 0.43%
TWLO A 0.43%
ALB C 0.42%
ADM F 0.42%
IP A 0.41%
VTRS B 0.41%
PPG F 0.4%
EXC C 0.39%
GAP D 0.39%
RS C 0.38%
EQT C 0.38%
CCL A 0.37%
MRO C 0.37%
LEVI F 0.37%
FYBR A 0.36%
INCY A 0.36%
ED C 0.36%
CIEN B 0.34%
MKL D 0.34%
SWK D 0.33%
DBX A 0.33%
SOLV B 0.33%
WRB C 0.33%
EXPE B 0.33%
GPC F 0.33%
FLEX A 0.33%
TSN D 0.32%
LUV A 0.32%
AMKR F 0.31%
PATH C 0.31%
CINF B 0.31%
U C 0.3%
SYF B 0.3%
CFG A 0.29%
FTI B 0.29%
PFG C 0.29%
ARE F 0.29%
DDS C 0.28%
NSIT F 0.28%
UAL A 0.28%
TXT F 0.28%
BLDR F 0.27%
ETR A 0.27%
L C 0.27%
W F 0.27%
HSIC D 0.27%
BILL A 0.26%
LUMN A 0.26%
OVV F 0.26%
CRBG B 0.26%
PEGA A 0.26%
FNF C 0.25%
EG F 0.25%
PPL C 0.24%
BIO A 0.24%
ROKU D 0.24%
SATS B 0.23%
ELAN D 0.23%
COTY F 0.23%
CPB D 0.22%
RNR C 0.22%
RGA C 0.22%
KD D 0.22%
AR F 0.21%
CPRI F 0.21%
DINO F 0.21%
AIT A 0.21%
CLVT D 0.21%
VFC A 0.21%
JLL B 0.2%
M D 0.2%
PAG F 0.2%
CNH A 0.2%
EQH B 0.2%
ALLY F 0.2%
JAZZ D 0.2%
CNA D 0.2%
BG F 0.2%
RIVN F 0.2%
PFGC B 0.2%
EXEL A 0.2%
IAC F 0.19%
JEF B 0.19%
SNA A 0.19%
AEO F 0.19%
USM B 0.19%
TOL C 0.19%
COKE D 0.19%
RPM B 0.19%
WCC A 0.19%
TAP D 0.18%
ARW D 0.18%
SWN C 0.18%
LKQ F 0.18%
BWA D 0.17%
JWN C 0.17%
FLS A 0.17%
AA B 0.17%
RHI C 0.17%
ADTN B 0.17%
SIG C 0.17%
ASO F 0.17%
BEN B 0.16%
XRAY F 0.16%
AIZ D 0.16%
PVH C 0.16%
NOV F 0.16%
URBN F 0.16%
WHR B 0.16%
ALIT F 0.16%
UNM A 0.16%
GL C 0.15%
SANM A 0.15%
ZI C 0.15%
FRSH C 0.15%
SLAB F 0.15%
NI B 0.15%
WFRD F 0.15%
DXC D 0.15%
LCID F 0.14%
LAD A 0.14%
ORI D 0.14%
EVRG C 0.14%
AGR C 0.14%
CLF C 0.14%
UPST B 0.14%
FHN B 0.13%
MUR F 0.13%
CIVI F 0.13%
INGR C 0.13%
WBD C 0.13%
CXT F 0.13%
X C 0.13%
ALKS F 0.13%
SON F 0.13%
MGM D 0.08%
DLB B 0.05%
BYD A 0.04%
NXTV Underweight 21 Positions Relative to FPAG
Symbol Grade Weight
GOOGL A -6.38%
META B -5.35%
ADI C -5.13%
TEL A -4.58%
GOOG A -4.17%
IFF D -3.84%
WFC B -3.66%
AMZN A -3.39%
AON A -2.69%
AVGO B -2.26%
NXPI C -2.21%
CHTR B -1.75%
KMI B -1.72%
MAR A -1.69%
FE D -1.49%
HWM B -1.29%
ICLR F -1.26%
WAB B -1.23%
UBER C -1.16%
NFLX A -0.66%
BABA B -0.29%
Compare ETFs