NXTV vs. IAK ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to iShares U.S. Insurance ETF (IAK)

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

$28.45

Average Daily Volume

731

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

IAK

iShares U.S. Insurance ETF

IAK Description

The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$135.89

Average Daily Volume

63,391

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	IAK
30 Days	3.77%	2.97%
60 Days	4.81%	4.45%
90 Days	8.56%	8.45%
12 Months		38.87%

16 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in IAK	Overlap
AIG	B	0.75%	4.47%	0.75%
AIZ	A	0.16%	1.32%	0.16%
ALL	A	0.74%	4.52%	0.74%
CINF	A	0.33%	2.76%	0.33%
CNA	C	0.2%	0.14%	0.14%
FNF	B	0.24%	1.82%	0.24%
GL	C	0.15%	1.16%	0.15%
L	A	0.27%	1.78%	0.27%
MET	A	0.83%	4.7%	0.83%
MKL	A	0.34%	2.61%	0.34%
ORI	A	0.14%	1.05%	0.14%
PFG	D	0.29%	2.17%	0.29%
PRU	A	0.67%	4.66%	0.67%
TRV	B	0.83%	6.34%	0.83%
UNM	A	0.18%	1.42%	0.18%
WRB	A	0.34%	2.12%	0.34%

NXTV Overweight 178 Positions Relative to IAK

Symbol	Grade	Weight
CMCSA	B	5.48%
T	A	5.05%
VZ	C	4.68%
PFE	F	4.63%
INTC	C	3.52%
DELL	B	3.41%
C	A	1.95%
KR	B	1.77%
HPQ	B	1.47%
FDX	B	1.15%
EBAY	D	1.1%
CVS	D	1.08%
HPE	B	1.06%
GM	C	1.04%
NTAP	C	0.98%
COF	C	0.96%
ZM	C	0.96%
WDC	D	0.92%
BBY	D	0.91%
GFS	C	0.91%
VICI	C	0.85%
FOXA	A	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	D	0.75%
EL	F	0.74%
NWS	A	0.72%
F	C	0.72%
FCNCA	A	0.71%
DD	C	0.69%
NUE	C	0.67%
ZBH	C	0.64%
KHC	F	0.62%
CTVA	C	0.62%
DLTR	F	0.61%
LEN	D	0.6%
ILMN	C	0.58%
SYY	D	0.57%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
JNPR	D	0.54%
CACI	D	0.53%
BAX	F	0.53%
SRE	A	0.53%
D	C	0.5%
ACI	C	0.49%
TPR	B	0.48%
CNC	D	0.48%
IP	A	0.47%
PCG	A	0.46%
LBRDK	C	0.46%
CCL	A	0.45%
CTRA	B	0.45%
ALB	B	0.43%
SNX	D	0.42%
VTRS	A	0.42%
INCY	C	0.41%
ADM	D	0.4%
PPG	F	0.39%
EQT	B	0.39%
UAL	A	0.39%
MRO	B	0.39%
RS	B	0.38%
EXC	C	0.38%
FYBR	C	0.37%
GAP	C	0.37%
CIEN	C	0.36%
EXPE	B	0.36%
ED	C	0.36%
SOLV	D	0.35%
FLEX	B	0.35%
DBX	B	0.34%
LUV	C	0.34%
SYF	B	0.34%
ETR	B	0.32%
TSN	B	0.32%
PATH	C	0.31%
LEVI	F	0.3%
CFG	B	0.3%
FTI	A	0.3%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	B	0.29%
GPC	D	0.28%
ARE	F	0.28%
SWK	D	0.28%
EXEL	B	0.27%
OVV	B	0.27%
HSIC	C	0.27%
U	C	0.27%
DDS	B	0.27%
AMKR	D	0.26%
TXT	D	0.26%
BIO	C	0.26%
EG	C	0.24%
BLDR	D	0.24%
PPL	A	0.24%
WCC	B	0.23%
VFC	C	0.23%
NSIT	F	0.23%
LUMN	C	0.23%
SATS	D	0.23%
PFGC	B	0.22%
RGA	A	0.22%
USM	B	0.22%
SNA	A	0.22%
EQH	C	0.22%
AIT	B	0.22%
KD	B	0.22%
CNH	C	0.21%
RPM	A	0.21%
CPB	D	0.21%
W	D	0.21%
ROKU	D	0.21%
RNR	C	0.21%
M	F	0.2%
JEF	A	0.2%
JLL	D	0.2%
ELAN	D	0.2%
CLVT	D	0.2%
ALLY	C	0.2%
KMX	B	0.2%
JAZZ	B	0.2%
COTY	F	0.19%
RIVN	F	0.19%
PAG	B	0.19%
AR	B	0.19%
RHI	C	0.18%
UPST	B	0.18%
BG	D	0.18%
AA	A	0.18%
TOL	B	0.18%
DINO	D	0.18%
COKE	C	0.17%
ARW	D	0.17%
AEO	F	0.17%
IAC	F	0.17%
JWN	D	0.17%
TAP	C	0.17%
ADTN	A	0.17%
LKQ	F	0.17%
FLS	B	0.17%
SIG	B	0.16%
ALIT	C	0.16%
BWA	D	0.16%
NI	A	0.16%
NOV	C	0.16%
PVH	C	0.16%
WHR	B	0.16%
ZI	D	0.16%
BEN	C	0.16%
WFRD	D	0.15%
X	B	0.15%
CLF	F	0.15%
LAD	A	0.15%
DXC	B	0.15%
URBN	C	0.15%
ASO	F	0.15%
FRSH	B	0.15%
SANM	B	0.15%
XRAY	F	0.14%
SLAB	F	0.14%
EVRG	A	0.14%
AGR	A	0.14%
FHN	A	0.14%
CIVI	D	0.13%
INGR	C	0.13%
CXT	C	0.13%
WBD	B	0.13%
SON	F	0.13%
MUR	D	0.12%
ALKS	C	0.12%
CPRI	F	0.1%
LCID	F	0.09%
MGM	D	0.08%
BYD	B	0.05%
DLB	B	0.05%

NXTV Underweight 36 Positions Relative to IAK

Symbol	Grade	Weight
PGR	A	-16.35%
CB	C	-11.69%
AFL	B	-6.0%
HIG	B	-4.02%
ACGL	C	-3.88%
KNSL	B	-1.24%
AFG	A	-1.21%
ERIE	D	-1.2%
PRI	B	-1.19%
RLI	A	-0.87%
FAF	A	-0.79%
AXS	A	-0.78%
SIGI	C	-0.72%
THG	A	-0.7%
LNC	C	-0.6%
WTM	A	-0.58%
AGO	B	-0.54%
KMPR	A	-0.51%
CNO	B	-0.49%
BHF	C	-0.37%
OSCR	D	-0.36%
GNW	A	-0.35%
PLMR	A	-0.33%
STC	B	-0.24%
MCY	A	-0.24%
TRUP	B	-0.21%
LMND	B	-0.21%
HMN	B	-0.2%
SKWD	A	-0.2%
EIG	B	-0.16%
SAFT	B	-0.16%
AMSF	B	-0.14%
PRA	C	-0.1%
AMBC	C	-0.08%
UFCS	A	-0.06%
JRVR	F	-0.03%