NXTV vs. IYF ETF Comparison

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

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

IYF

iShares U.S. Financial ETF

IYF Description

The investment seeks to track the investment results of an index composed of U.S. equities in the financial 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. Financials Index (the "underlying index"), which measures the performance of the financial sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$115.01

Average Daily Volume

296,600

Number of Holdings ^*

135

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	IYF
30 Days	0.08%	4.81%
60 Days	3.05%	10.70%
90 Days	6.04%	14.59%
12 Months		47.75%

27 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in IYF	Overlap
AIG	C	0.71%	0.82%	0.71%
AIZ	A	0.16%	0.19%	0.16%
ALL	A	0.74%	0.86%	0.74%
ALLY	C	0.2%	0.17%	0.17%
BEN	C	0.16%	0.11%	0.11%
C	B	1.86%	2.2%	1.86%
CFG	B	0.29%	0.35%	0.29%
CINF	A	0.31%	0.39%	0.31%
CNA	C	0.2%	0.02%	0.02%
EG	D	0.25%	0.27%	0.25%
EQH	B	0.2%	0.2%	0.2%
FCNCA	A	0.67%	0.45%	0.45%
FHN	A	0.13%	0.19%	0.13%
FNF	A	0.25%	0.25%	0.25%
GL	C	0.15%	0.17%	0.15%
JEF	A	0.19%	0.22%	0.19%
L	A	0.27%	0.26%	0.26%
MET	A	0.86%	0.82%	0.82%
MKL	A	0.34%	0.37%	0.34%
ORI	A	0.14%	0.16%	0.14%
PFG	C	0.29%	0.33%	0.29%
PRU	B	0.65%	0.77%	0.65%
RGA	B	0.22%	0.26%	0.22%
RNR	C	0.22%	0.22%	0.22%
TRV	A	0.78%	1.0%	0.78%
UNM	A	0.16%	0.21%	0.16%
WRB	B	0.33%	0.3%	0.3%

NXTV Overweight 168 Positions Relative to IYF

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%
KR	B	1.78%
HPQ	B	1.46%
EBAY	D	1.22%
CVS	F	1.18%
FDX	B	1.13%
HPE	B	1.09%
EL	F	1.05%
NTAP	C	1.04%
BBY	D	1.02%
GFS	C	0.98%
WDC	F	0.94%
GM	B	0.9%
ZM	B	0.88%
COF	B	0.87%
VICI	C	0.87%
BIIB	F	0.85%
FOXA	B	0.82%
DG	F	0.79%
DD	D	0.73%
F	C	0.73%
NUE	D	0.7%
MRNA	F	0.69%
NWS	A	0.68%
HUM	D	0.66%
SNAP	D	0.65%
LEN	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%
TPR	B	0.46%
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%
GAP	D	0.39%
RS	B	0.38%
EQT	A	0.38%
CCL	A	0.37%
MRO	A	0.37%
LEVI	F	0.37%
FYBR	C	0.36%
INCY	C	0.36%
ED	C	0.36%
CIEN	B	0.34%
SWK	F	0.33%
DBX	C	0.33%
SOLV	F	0.33%
EXPE	B	0.33%
GPC	F	0.33%
FLEX	B	0.33%
TSN	B	0.32%
LUV	B	0.32%
AMKR	F	0.31%
PATH	C	0.31%
U	F	0.3%
SYF	B	0.3%
FTI	A	0.29%
ARE	F	0.29%
DDS	B	0.28%
NSIT	F	0.28%
UAL	A	0.28%
TXT	D	0.28%
BLDR	D	0.27%
ETR	A	0.27%
W	D	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%
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%
KD	A	0.22%
AR	B	0.21%
CPRI	F	0.21%
DINO	D	0.21%
AIT	B	0.21%
CLVT	D	0.21%
KMX	C	0.21%
VFC	C	0.21%
JLL	D	0.2%
M	D	0.2%
PAG	B	0.2%
CNH	C	0.2%
JAZZ	C	0.2%
BG	D	0.2%
RIVN	F	0.2%
PFGC	B	0.2%
EXEL	B	0.2%
IAC	D	0.19%
SNA	B	0.19%
AEO	F	0.19%
USM	B	0.19%
TOL	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%
LKQ	F	0.18%
BWA	D	0.17%
JWN	C	0.17%
FLS	A	0.17%
AA	A	0.17%
RHI	C	0.17%
ADTN	A	0.17%
SIG	C	0.17%
ASO	F	0.17%
XRAY	D	0.16%
PVH	C	0.16%
NOV	D	0.16%
URBN	C	0.16%
WHR	B	0.16%
ALIT	C	0.16%
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%
LCID	F	0.14%
LAD	B	0.14%
EVRG	A	0.14%
AGR	A	0.14%
CLF	F	0.14%
UPST	B	0.14%
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%
MGM	D	0.08%
DLB	F	0.05%
BYD	B	0.04%

NXTV Underweight 108 Positions Relative to IYF

Symbol	Grade	Weight
BRK.A	B	-11.69%
JPM	A	-9.82%
BAC	A	-4.69%
WFC	A	-4.36%
GS	B	-3.13%
SPGI	D	-2.63%
MS	A	-2.6%
BLK	B	-2.59%
PGR	B	-2.5%
BX	A	-2.14%
SCHW	A	-2.01%
CB	C	-1.95%
MMC	D	-1.83%
KKR	A	-1.69%
ICE	C	-1.48%
APO	A	-1.43%
PNC	B	-1.38%
CME	A	-1.35%
USB	B	-1.3%
MCO	D	-1.25%
AON	B	-1.24%
AJG	B	-1.07%
AFL	C	-1.04%
TFC	A	-1.04%
COIN	A	-1.01%
BK	B	-0.97%
AMP	A	-0.94%
MSCI	B	-0.76%
DFS	B	-0.74%
ACGL	D	-0.61%
MTB	A	-0.6%
HIG	B	-0.58%
FITB	B	-0.54%
NDAQ	A	-0.54%
WTW	B	-0.53%
RJF	A	-0.51%
ARES	A	-0.51%
STT	B	-0.48%
BR	B	-0.45%
TROW	B	-0.44%
BRO	B	-0.44%
HBAN	B	-0.43%
RF	A	-0.41%
LPLA	A	-0.39%
NTRS	A	-0.36%
HOOD	A	-0.36%
CBOE	C	-0.35%
IBKR	A	-0.32%
FDS	B	-0.31%
KEY	B	-0.3%
TW	A	-0.25%
SOFI	A	-0.24%
EWBC	A	-0.24%
SF	B	-0.2%
CG	B	-0.19%
OWL	A	-0.19%
WBS	A	-0.18%
PRI	A	-0.18%
EVR	B	-0.18%
NLY	C	-0.17%
AFG	A	-0.17%
KNSL	B	-0.17%
PNFP	B	-0.16%
HLI	B	-0.16%
MKTX	D	-0.16%
WAL	B	-0.16%
WTFC	B	-0.15%
MORN	B	-0.15%
CFR	B	-0.14%
VOYA	B	-0.14%
SNV	B	-0.14%
CMA	B	-0.14%
CBSH	A	-0.14%
ZION	B	-0.14%
RYAN	B	-0.13%
SEIC	B	-0.13%
AXS	A	-0.12%
AGNC	C	-0.12%
BPOP	C	-0.12%
RLI	A	-0.12%
PB	A	-0.12%
MTG	D	-0.11%
COLB	B	-0.11%
OMF	A	-0.11%
FAF	C	-0.11%
IVZ	C	-0.11%
TPG	A	-0.1%
RITM	D	-0.1%
THG	A	-0.1%
AMG	C	-0.1%
JHG	B	-0.1%
STWD	C	-0.1%
FNB	B	-0.1%
LAZ	B	-0.1%
WTM	A	-0.09%
OZK	B	-0.09%
SLM	B	-0.09%
KMPR	A	-0.08%
AGO	A	-0.08%
LNC	B	-0.07%
BHF	C	-0.06%
FHB	B	-0.06%
CACC	F	-0.05%
VIRT	A	-0.05%
BOKF	B	-0.04%
RKT	F	-0.03%
UWMC	D	-0.01%
TFSL	A	-0.01%