PINK vs. USMV ETF Comparison

Comparison of Simplify Health Care ETF (PINK) to iShares MSCI USA Minimum Volatility ETF (USMV)

PINK

Simplify Health Care ETF

PINK Description

Simplify Exchange Traded Funds - Simplify Health Care ETF seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its assets (plus any borrowings for investment purposes) in securities of U.S. health care companies. The fund adviser defines health care companies as companies included in the Global Industry Classification Standard health care sector. The fund will typically invest in 50 – 100 health care companies. The adviser generally seeks investments in companies that are developing new and effective medicines, as well as companies whose business models reduce costs or improve quality in health care systems.

Grade (RS Rating)

Last Trade

$32.03

Average Daily Volume

121,516

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.14

Average Daily Volume

1,805,501

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	PINK	USMV
30 Days	-0.59%	1.23%
60 Days	-2.79%	2.43%
90 Days	0.12%	6.34%
12 Months	33.70%	28.25%

12 Overlapping Holdings

Symbol	Grade	Weight in PINK	Weight in USMV	Overlap
ABBV	D	3.88%	1.29%	1.29%
ABT	B	0.67%	0.09%	0.09%
BMRN	F	0.25%	0.24%	0.24%
BMY	B	0.02%	0.46%	0.02%
CI	D	3.01%	0.21%	0.21%
ELV	F	1.89%	0.55%	0.55%
GILD	B	3.35%	0.98%	0.98%
JNJ	F	4.56%	1.25%	1.25%
LLY	D	7.03%	1.42%	1.42%
MRK	F	0.0%	1.09%	0.0%
REGN	F	4.19%	0.68%	0.68%
UNH	B	4.94%	1.34%	1.34%

PINK Overweight 39 Positions Relative to USMV

Symbol	Grade	Weight
SRPT	F	10.02%
PCT	C	7.0%
SNY	F	4.89%
ZTS	F	4.86%
ISRG	A	4.75%
TMO	F	3.54%
CHWY	B	2.24%
MMM	D	2.24%
TNDM	F	2.02%
TFX	F	2.0%
MYGN	F	1.98%
RVTY	C	1.29%
RPRX	F	1.11%
TUA	F	1.05%
IQV	F	0.95%
ITCI	B	0.94%
AVTR	F	0.91%
EXAS	F	0.83%
AKRO	C	0.66%
ARGX	B	0.55%
THC	B	0.54%
FULC	F	0.52%
HCA	D	0.4%
ESTA	D	0.39%
SNDX	D	0.34%
LIVN	D	0.31%
AGL	F	0.28%
VEEV	B	0.28%
SYK	A	0.27%
TECH	C	0.25%
DHR	F	0.24%
BIIB	F	0.19%
HSIC	F	0.18%
ZBH	C	0.16%
BSX	A	0.04%
VLTO	D	0.03%
INSM	D	0.02%
MASI	B	0.01%
EMBC	B	0.01%

PINK Underweight 158 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	A	-1.89%
MSI	B	-1.71%
WMT	A	-1.71%
IBM	D	-1.67%
PGR	B	-1.61%
BRK.A	C	-1.52%
NOC	C	-1.5%
DUK	D	-1.5%
WCN	B	-1.49%
RSG	A	-1.48%
CB	D	-1.46%
CSCO	A	-1.45%
WM	A	-1.43%
TXN	B	-1.43%
APH	B	-1.4%
SO	D	-1.38%
VZ	D	-1.35%
MSFT	C	-1.33%
ROP	B	-1.3%
ACN	C	-1.28%
MCD	D	-1.28%
AVGO	B	-1.23%
AJG	B	-1.23%
PG	D	-1.21%
ORCL	A	-1.19%
MCK	B	-1.18%
ED	D	-1.18%
MMC	C	-1.12%
TRV	B	-1.1%
PEP	F	-1.09%
AAPL	D	-0.98%
AZO	C	-0.95%
GDDY	A	-0.88%
CBOE	D	-0.88%
LMT	D	-0.86%
V	A	-0.85%
K	A	-0.82%
EA	A	-0.82%
FCNCA	B	-0.78%
WEC	B	-0.76%
CTSH	A	-0.75%
VRTX	B	-0.74%
T	C	-0.74%
GIS	F	-0.73%
NOW	A	-0.7%
ACGL	D	-0.69%
MA	A	-0.69%
AMGN	F	-0.68%
TSN	C	-0.67%
COR	A	-0.66%
FI	A	-0.66%
ORLY	A	-0.65%
VRSN	C	-0.64%
KDP	D	-0.63%
NVDA	A	-0.62%
KR	A	-0.6%
BDX	D	-0.6%
INCY	B	-0.58%
KEYS	B	-0.56%
TDY	A	-0.56%
FFIV	B	-0.55%
FANG	D	-0.55%
CME	B	-0.53%
BAH	C	-0.52%
AON	A	-0.52%
FICO	A	-0.52%
YUM	B	-0.51%
PTC	B	-0.51%
MPC	D	-0.5%
JNPR	C	-0.5%
NEM	F	-0.49%
UBER	F	-0.48%
MDLZ	F	-0.48%
AKAM	F	-0.46%
XOM	B	-0.45%
XEL	A	-0.45%
TJX	B	-0.43%
CL	F	-0.42%
KHC	F	-0.42%
VRSK	A	-0.42%
EG	D	-0.42%
ERIE	F	-0.42%
CMCSA	B	-0.41%
AEP	D	-0.4%
CTVA	C	-0.4%
WDAY	B	-0.4%
CDW	F	-0.39%
CHD	B	-0.38%
HUM	F	-0.38%
WTW	A	-0.37%
CPB	F	-0.36%
GEN	A	-0.35%
ROL	B	-0.35%
NBIX	C	-0.34%
IT	A	-0.34%
AFG	B	-0.33%
CVX	B	-0.33%
GRMN	A	-0.32%
HSY	D	-0.32%
FWONK	C	-0.32%
MKL	A	-0.32%
GLW	B	-0.32%
WRB	B	-0.3%
ANET	C	-0.3%
HD	B	-0.29%
ICE	D	-0.28%
AIZ	A	-0.28%
L	B	-0.27%
WMB	A	-0.27%
ALNY	D	-0.26%
ADI	D	-0.25%
D	D	-0.24%
HON	B	-0.23%
AEE	A	-0.23%
PFE	F	-0.23%
HRL	F	-0.22%
AZPN	B	-0.22%
HUBS	A	-0.21%
NTAP	C	-0.21%
KMB	F	-0.21%
MOH	F	-0.21%
PKG	B	-0.2%
CMS	D	-0.2%
DTE	D	-0.2%
TW	B	-0.19%
MELI	D	-0.19%
SNPS	B	-0.18%
DPZ	C	-0.18%
CRWD	B	-0.17%
STX	D	-0.17%
CDNS	B	-0.17%
LIN	D	-0.17%
HOLX	D	-0.17%
GOOG	B	-0.16%
EOG	B	-0.15%
MDT	D	-0.14%
UTHR	B	-0.14%
AMZN	B	-0.13%
DELL	C	-0.12%
HIG	C	-0.12%
OXY	F	-0.12%
KO	F	-0.1%
DGX	A	-0.1%
RTX	C	-0.09%
ADP	A	-0.09%
LNT	C	-0.09%
FSLR	F	-0.07%
OTIS	D	-0.07%
TEL	B	-0.07%
GD	A	-0.06%
KNX	B	-0.06%
CVS	F	-0.05%
ULTA	C	-0.05%
CRM	B	-0.05%
BR	A	-0.05%
PSX	D	-0.05%
ATO	A	-0.05%
VLO	D	-0.04%