NXTV vs. MDY ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to SPDR MidCap Trust Series I (MDY)

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

MDY

SPDR MidCap Trust Series I

MDY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P MidCap 400 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P MidCap 400 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$600.66

Average Daily Volume

734,896

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	MDY
30 Days	3.77%	4.74%
60 Days	4.81%	6.03%
90 Days	8.56%	6.40%
12 Months		30.43%

58 Overlapping Holdings

Symbol	Grade	Weight in NXTV	Weight in MDY	Overlap
AA	A	0.18%	0.36%	0.18%
AIT	B	0.22%	0.31%	0.22%
ALLY	C	0.2%	0.33%	0.2%
AMKR	D	0.26%	0.1%	0.1%
AR	B	0.19%	0.26%	0.19%
ARW	D	0.17%	0.22%	0.17%
BIO	C	0.26%	0.24%	0.24%
BYD	B	0.05%	0.16%	0.05%
CACI	D	0.53%	0.43%	0.43%
CIEN	C	0.36%	0.32%	0.32%
CIVI	D	0.13%	0.15%	0.13%
CLF	F	0.15%	0.21%	0.15%
CNH	C	0.21%	0.34%	0.21%
COKE	C	0.17%	0.23%	0.17%
COTY	F	0.19%	0.09%	0.09%
CPRI	F	0.1%	0.08%	0.08%
CXT	C	0.13%	0.09%	0.09%
DBX	B	0.34%	0.21%	0.21%
DINO	D	0.18%	0.22%	0.18%
DLB	B	0.05%	0.15%	0.05%
EQH	C	0.22%	0.5%	0.22%
EXEL	B	0.27%	0.33%	0.27%
FHN	A	0.14%	0.32%	0.14%
FLS	B	0.17%	0.24%	0.17%
FNF	B	0.24%	0.54%	0.24%
FYBR	C	0.37%	0.27%	0.27%
GAP	C	0.37%	0.16%	0.16%
ILMN	C	0.58%	0.79%	0.58%
INGR	C	0.13%	0.3%	0.13%
JAZZ	B	0.2%	0.23%	0.2%
JEF	A	0.2%	0.36%	0.2%
JLL	D	0.2%	0.44%	0.2%
JWN	D	0.17%	0.08%	0.08%
KD	B	0.22%	0.18%	0.18%
LAD	A	0.15%	0.31%	0.15%
M	F	0.2%	0.15%	0.15%
MUR	D	0.12%	0.15%	0.12%
NOV	C	0.16%	0.21%	0.16%
ORI	A	0.14%	0.29%	0.14%
OVV	B	0.27%	0.36%	0.27%
PAG	B	0.19%	0.1%	0.1%
PFGC	B	0.22%	0.44%	0.22%
PVH	C	0.16%	0.19%	0.16%
RGA	A	0.22%	0.48%	0.22%
RNR	C	0.21%	0.47%	0.21%
RPM	A	0.21%	0.57%	0.21%
RS	B	0.38%	0.54%	0.38%
SLAB	F	0.14%	0.12%	0.12%
SNX	D	0.42%	0.3%	0.3%
SON	F	0.13%	0.18%	0.13%
TOL	B	0.18%	0.52%	0.18%
UNM	A	0.18%	0.38%	0.18%
WCC	B	0.23%	0.3%	0.23%
WFRD	D	0.15%	0.2%	0.15%
WHR	B	0.16%	0.2%	0.16%
X	B	0.15%	0.3%	0.15%
XRAY	F	0.14%	0.16%	0.14%
ZI	D	0.16%	0.11%	0.11%

NXTV Overweight 136 Positions Relative to MDY

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%
MET	A	0.83%
TRV	B	0.83%
BIIB	F	0.78%
DG	F	0.76%
SNAP	D	0.75%
AIG	B	0.75%
EL	F	0.74%
ALL	A	0.74%
NWS	A	0.72%
F	C	0.72%
FCNCA	A	0.71%
DD	C	0.69%
PRU	A	0.67%
NUE	C	0.67%
ZBH	C	0.64%
KHC	F	0.62%
CTVA	C	0.62%
DLTR	F	0.61%
LEN	D	0.6%
SYY	D	0.57%
MRNA	F	0.57%
TWLO	A	0.55%
HUM	C	0.55%
JNPR	D	0.54%
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%
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%
EXC	C	0.38%
EXPE	B	0.36%
ED	C	0.36%
SOLV	D	0.35%
FLEX	B	0.35%
WRB	A	0.34%
LUV	C	0.34%
MKL	A	0.34%
SYF	B	0.34%
CINF	A	0.33%
ETR	B	0.32%
TSN	B	0.32%
PATH	C	0.31%
LEVI	F	0.3%
CFG	B	0.3%
FTI	A	0.3%
PFG	D	0.29%
CRBG	B	0.29%
BILL	A	0.29%
PEGA	B	0.29%
GPC	D	0.28%
ARE	F	0.28%
SWK	D	0.28%
HSIC	C	0.27%
L	A	0.27%
U	C	0.27%
DDS	B	0.27%
TXT	D	0.26%
EG	C	0.24%
BLDR	D	0.24%
PPL	A	0.24%
VFC	C	0.23%
NSIT	F	0.23%
LUMN	C	0.23%
SATS	D	0.23%
USM	B	0.22%
SNA	A	0.22%
CPB	D	0.21%
W	D	0.21%
ROKU	D	0.21%
ELAN	D	0.2%
CLVT	D	0.2%
CNA	C	0.2%
KMX	B	0.2%
RIVN	F	0.19%
RHI	C	0.18%
UPST	B	0.18%
BG	D	0.18%
AEO	F	0.17%
IAC	F	0.17%
TAP	C	0.17%
ADTN	A	0.17%
LKQ	F	0.17%
SIG	B	0.16%
AIZ	A	0.16%
ALIT	C	0.16%
BWA	D	0.16%
NI	A	0.16%
BEN	C	0.16%
GL	C	0.15%
DXC	B	0.15%
URBN	C	0.15%
ASO	F	0.15%
FRSH	B	0.15%
SANM	B	0.15%
EVRG	A	0.14%
AGR	A	0.14%
WBD	B	0.13%
ALKS	C	0.12%
LCID	F	0.09%
MGM	D	0.08%

NXTV Underweight 334 Positions Relative to MDY

Symbol	Grade	Weight
TPL	A	-0.76%
EME	A	-0.72%
LII	A	-0.67%
CSL	C	-0.67%
WSM	C	-0.6%
WSO	A	-0.57%
IBKR	A	-0.57%
UTHR	C	-0.57%
MANH	D	-0.56%
DT	D	-0.55%
RBA	A	-0.54%
BURL	B	-0.54%
OC	A	-0.53%
PSTG	D	-0.53%
USFD	A	-0.52%
XPO	B	-0.52%
AVTR	F	-0.52%
THC	D	-0.51%
CASY	A	-0.5%
COHR	B	-0.49%
DOCU	B	-0.49%
ACM	B	-0.49%
GLPI	C	-0.48%
FIX	A	-0.48%
EWBC	A	-0.47%
GGG	B	-0.47%
CW	C	-0.46%
SAIA	B	-0.45%
TTEK	F	-0.45%
ELS	C	-0.45%
TXRH	B	-0.44%
SFM	A	-0.44%
NVT	B	-0.43%
BMRN	F	-0.43%
NBIX	C	-0.42%
WPC	C	-0.42%
SCI	B	-0.41%
SRPT	F	-0.41%
ITT	A	-0.4%
LAMR	C	-0.4%
CLH	C	-0.4%
BJ	A	-0.39%
DKS	D	-0.39%
LECO	C	-0.38%
OHI	C	-0.38%
DUOL	A	-0.38%
FND	D	-0.38%
RRX	B	-0.38%
AMH	C	-0.38%
BWXT	B	-0.38%
ATR	B	-0.38%
CCK	D	-0.38%
BLD	D	-0.37%
SF	B	-0.37%
CUBE	C	-0.37%
CHDN	B	-0.36%
FBIN	D	-0.36%
CG	B	-0.36%
WMS	F	-0.36%
EHC	B	-0.35%
WTRG	B	-0.34%
WWD	C	-0.34%
ONTO	F	-0.34%
ARMK	B	-0.34%
EVR	B	-0.33%
KNSL	B	-0.33%
EXP	B	-0.33%
RGLD	C	-0.33%
NYT	D	-0.32%
HLI	A	-0.32%
AYI	B	-0.32%
AFG	A	-0.32%
PRI	B	-0.32%
REXR	F	-0.32%
MORN	B	-0.31%
WBS	A	-0.31%
PEN	B	-0.31%
KBR	F	-0.31%
FLR	B	-0.31%
WAL	B	-0.31%
MUSA	B	-0.31%
GME	C	-0.3%
PR	B	-0.3%
FN	C	-0.3%
DTM	A	-0.3%
ENSG	C	-0.3%
AAL	B	-0.3%
DCI	B	-0.3%
GMED	A	-0.29%
AXTA	B	-0.29%
TPX	B	-0.29%
LNW	F	-0.29%
EGP	D	-0.29%
HRB	D	-0.29%
TTC	C	-0.29%
KNX	C	-0.29%
WING	D	-0.29%
GPK	C	-0.29%
BRBR	A	-0.29%
CNM	D	-0.29%
NNN	C	-0.28%
MEDP	D	-0.28%
PCTY	C	-0.28%
OGE	A	-0.28%
PNFP	B	-0.28%
BERY	C	-0.28%
BRX	A	-0.28%
CHE	D	-0.28%
RBC	A	-0.28%
SKX	D	-0.28%
CFR	B	-0.28%
AAON	B	-0.27%
ZION	B	-0.27%
TREX	C	-0.27%
WTFC	A	-0.27%
CHRD	D	-0.27%
TKO	A	-0.27%
VOYA	B	-0.27%
OLED	F	-0.27%
SAIC	F	-0.26%
HQY	A	-0.26%
SSB	B	-0.26%
UFPI	C	-0.26%
ADC	A	-0.26%
MTZ	B	-0.26%
SSD	F	-0.26%
LNTH	D	-0.26%
CR	A	-0.26%
TMHC	C	-0.25%
GXO	B	-0.25%
SNV	C	-0.25%
RRC	B	-0.25%
HLNE	B	-0.25%
CBSH	B	-0.25%
SEIC	B	-0.25%
CVLT	B	-0.24%
VNO	C	-0.24%
FCN	F	-0.24%
CGNX	D	-0.24%
MAT	D	-0.24%
FR	D	-0.24%
PB	B	-0.24%
MIDD	C	-0.24%
WH	B	-0.24%
GNTX	C	-0.24%
LSCC	D	-0.24%
ESAB	C	-0.24%
RGEN	D	-0.24%
WEX	D	-0.24%
MSA	F	-0.23%
H	B	-0.23%
FAF	A	-0.23%
PLNT	A	-0.23%
KEX	B	-0.23%
OSK	C	-0.23%
MKSI	C	-0.23%
EXLS	B	-0.23%
ANF	F	-0.23%
RYAN	A	-0.23%
STAG	D	-0.23%
ALV	C	-0.23%
LSTR	D	-0.22%
MTN	C	-0.22%
BRKR	D	-0.22%
G	B	-0.22%
STWD	C	-0.22%
VMI	B	-0.22%
R	B	-0.22%
MASI	B	-0.22%
ESNT	F	-0.22%
CROX	D	-0.22%
HALO	F	-0.22%
MTG	C	-0.22%
MTSI	B	-0.22%
RLI	A	-0.22%
COLB	B	-0.21%
CYTK	F	-0.21%
MTDR	B	-0.21%
LFUS	D	-0.21%
CADE	B	-0.21%
NOVT	D	-0.21%
ONB	C	-0.21%
ALTR	B	-0.21%
AGCO	D	-0.21%
LPX	B	-0.21%
CMC	B	-0.21%
DAR	C	-0.21%
KBH	D	-0.2%
VNT	C	-0.2%
SRCL	B	-0.2%
AMG	B	-0.2%
CRUS	D	-0.2%
CBT	D	-0.2%
GBCI	B	-0.2%
ELF	C	-0.2%
CHX	C	-0.19%
LEA	F	-0.19%
KNF	B	-0.19%
IDA	A	-0.19%
SIGI	C	-0.19%
NFG	A	-0.19%
THO	B	-0.19%
OLLI	D	-0.19%
KRG	B	-0.19%
GTLS	A	-0.18%
UBSI	B	-0.18%
UGI	C	-0.18%
CNX	A	-0.18%
RMBS	B	-0.18%
POST	C	-0.18%
ST	F	-0.18%
VVV	D	-0.18%
MMS	F	-0.18%
FNB	A	-0.18%
FIVE	F	-0.18%
WTS	B	-0.18%
DOCS	C	-0.18%
JHG	B	-0.18%
BC	C	-0.18%
TKR	D	-0.18%
NXST	C	-0.18%
THG	A	-0.18%
APPF	B	-0.17%
EXPO	D	-0.17%
SLM	A	-0.17%
HXL	F	-0.17%
OLN	F	-0.17%
AM	A	-0.17%
UMBF	B	-0.17%
POR	C	-0.17%
GATX	A	-0.17%
ROIV	C	-0.17%
PSN	D	-0.17%
HOMB	A	-0.17%
HWC	B	-0.16%
WMG	D	-0.16%
BCO	F	-0.16%
SBRA	C	-0.16%
NJR	A	-0.16%
OZK	B	-0.16%
FFIN	B	-0.16%
BDC	C	-0.16%
CUZ	B	-0.16%
CELH	F	-0.16%
RH	C	-0.16%
AVT	C	-0.16%
KRC	B	-0.15%
ORA	B	-0.15%
AVNT	B	-0.15%
LITE	B	-0.15%
FLO	D	-0.15%
QLYS	B	-0.15%
IRT	A	-0.15%
SWX	B	-0.15%
WLK	D	-0.15%
PNM	B	-0.14%
OPCH	D	-0.14%
ACHC	F	-0.14%
LOPE	C	-0.14%
NEU	D	-0.14%
OGS	A	-0.14%
VLY	B	-0.14%
AN	C	-0.14%
ASGN	F	-0.14%
BKH	A	-0.14%
ASH	F	-0.14%
EEFT	B	-0.14%
RYN	D	-0.14%
SLGN	A	-0.14%
WU	F	-0.13%
CNO	B	-0.13%
HAE	C	-0.13%
PII	F	-0.13%
SR	A	-0.13%
ALE	A	-0.13%
SMG	C	-0.13%
KMPR	A	-0.13%
HOG	D	-0.13%
ENS	F	-0.13%
TNL	A	-0.12%
LANC	C	-0.12%
VAL	F	-0.12%
POWI	F	-0.12%
EPR	C	-0.12%
TEX	F	-0.12%
IRDM	D	-0.12%
PRGO	C	-0.12%
ASB	B	-0.12%
MSM	C	-0.12%
TCBI	C	-0.12%
NVST	B	-0.12%
CDP	C	-0.12%
AMED	F	-0.11%
TDC	D	-0.11%
FHI	B	-0.11%
CHH	A	-0.11%
ALGM	D	-0.11%
WEN	D	-0.11%
IBOC	B	-0.11%
NWE	B	-0.11%
LIVN	F	-0.1%
NSP	F	-0.1%
NEOG	F	-0.1%
PBF	D	-0.1%
BHF	C	-0.1%
GHC	B	-0.1%
PK	C	-0.1%
NSA	C	-0.1%
YETI	D	-0.1%
MAN	F	-0.1%
PCH	F	-0.1%
BLKB	B	-0.1%
VAC	C	-0.09%
VC	F	-0.09%
SAM	C	-0.09%
COLM	C	-0.09%
CC	C	-0.09%
SYNA	C	-0.09%
IPGP	D	-0.08%
RCM	A	-0.08%
GT	C	-0.08%
ENOV	C	-0.08%
HGV	C	-0.08%
ARWR	D	-0.08%
SHC	F	-0.08%
VSH	F	-0.07%
PPC	C	-0.07%
CRI	F	-0.07%
CNXC	F	-0.07%
AZTA	D	-0.07%
GEF	A	-0.06%
UAA	C	-0.06%
CAR	C	-0.05%
UA	C	-0.04%