NXTV vs. SOXL ETF Comparison

Comparison of Simplify Next Intangible Value Index ETF (NXTV) to Direxion Daily Semiconductor Bull 3x Shares (SOXL)

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

$27.38

Average Daily Volume

624

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SOXL

Direxion Daily Semiconductor Bull 3x Shares

SOXL Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the PHLX Semiconductor Sector Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the PHLX Semiconductor Sector Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index measures the performance of the semiconductor subsector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.83

Average Daily Volume

103,818,676

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NXTV	SOXL
30 Days	1.78%	-12.63%
60 Days	6.68%	15.51%
90 Days	6.41%	-43.88%
12 Months		78.67%

1 Overlapping Holdings

	Symbol	Grade	Weight in NXTV	Weight in SOXL	Overlap
	INTC	D	3.14%	3.03%	3.03%

NXTV Overweight 9 Positions Relative to SOXL

Symbol	Grade	Weight
TMUS	A	5.3%
VZ	A	4.93%
CMCSA	B	4.92%
T	A	4.81%
PFE	D	4.04%
TGT	C	2.76%
DELL	D	2.62%
BMY	B	2.47%
C	B	1.88%

NXTV Underweight 29 Positions Relative to SOXL

Symbol	Grade	Weight
AVGO	C	-6.28%
AMD	D	-6.24%
NVDA	C	-5.76%
TXN	C	-4.39%
QCOM	D	-4.37%
AMAT	D	-2.91%
MU	D	-2.88%
ADI	C	-2.85%
MPWR	C	-2.83%
LRCX	F	-2.82%
MRVL	C	-2.79%
TSM	C	-2.77%
MCHP	F	-2.77%
KLAC	D	-2.75%
NXPI	F	-2.67%
ASML	F	-2.41%
ON	F	-2.21%
TER	D	-1.55%
ENTG	D	-1.25%
SWKS	F	-1.16%
ONTO	C	-0.73%
QRVO	F	-0.72%
OLED	C	-0.69%
STM	F	-0.55%
MKSI	F	-0.54%
LSCC	D	-0.53%
ASX	D	-0.48%
UMC	D	-0.47%
ARM	C	-0.39%

NXTV: Top Represented Industries & Keywords

Industries: Telecom Services Drug Manufacturers - Major Banks - Global Computer Systems Discount Stores Pay TV Semiconductors