SHRT vs. NXTV ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to Simplify Next Intangible Value Index ETF (NXTV)

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.56

Average Daily Volume

2,510

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

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

Performance

Period	SHRT	NXTV
30 Days	-6.95%	3.77%
60 Days	-8.41%	4.81%
90 Days	-8.30%	8.56%
12 Months	-6.87%

33 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in NXTV	Overlap
ALKS	C	0.17%	0.12%	0.12%
BIIB	F	1.36%	0.78%	0.78%
BLDR	D	0.02%	0.24%	0.02%
COTY	F	0.2%	0.19%	0.19%
CTRA	B	0.27%	0.45%	0.27%
D	C	0.8%	0.5%	0.5%
DD	C	0.35%	0.69%	0.35%
EL	F	0.56%	0.74%	0.56%
ELAN	D	1.13%	0.2%	0.2%
EXEL	B	0.46%	0.27%	0.27%
FLS	B	0.21%	0.17%	0.17%
FOXA	A	0.18%	0.83%	0.18%
GFS	C	0.16%	0.91%	0.16%
GM	C	2.09%	1.04%	1.04%
HSIC	C	0.02%	0.27%	0.02%
IAC	F	0.01%	0.17%	0.01%
ILMN	C	0.22%	0.58%	0.22%
INGR	C	0.73%	0.13%	0.13%
JAZZ	B	0.3%	0.2%	0.2%
KMX	B	0.56%	0.2%	0.2%
LEVI	F	0.22%	0.3%	0.22%
LKQ	F	0.3%	0.17%	0.17%
MRO	B	0.59%	0.39%	0.39%
MUR	D	0.61%	0.12%	0.12%
NOV	C	0.08%	0.16%	0.08%
OVV	B	0.69%	0.27%	0.27%
PFE	F	0.65%	4.63%	0.65%
TSN	B	1.15%	0.32%	0.32%
TWLO	A	0.29%	0.55%	0.29%
VTRS	A	0.14%	0.42%	0.14%
WDC	D	0.65%	0.92%	0.65%
XRAY	F	0.31%	0.14%	0.14%
ZBH	C	0.01%	0.64%	0.01%

SHRT Overweight 167 Positions Relative to NXTV

Symbol	Grade	Weight
TGT	F	2.05%
THC	D	1.9%
LRCX	F	1.84%
LPX	B	1.65%
FMC	D	1.45%
CHWY	B	1.34%
CVX	A	1.31%
CRUS	D	1.26%
SWKS	F	1.21%
EOG	A	1.12%
RVTY	F	1.12%
PPC	C	1.09%
GTLS	A	1.08%
QGEN	D	1.01%
ZBRA	B	1.0%
WBA	F	0.92%
JBHT	C	0.9%
QRVO	F	0.88%
LII	A	0.84%
MATX	C	0.83%
MU	D	0.82%
CHTR	C	0.82%
JCI	B	0.81%
NOC	D	0.81%
MTZ	B	0.8%
KLAC	F	0.8%
UPS	C	0.8%
UHS	D	0.8%
TKO	A	0.78%
CTLT	C	0.75%
FCX	F	0.71%
MKSI	C	0.71%
CEG	C	0.69%
ICUI	D	0.67%
STX	C	0.66%
LHX	C	0.65%
CROX	D	0.64%
J	D	0.63%
CL	D	0.63%
MOH	F	0.63%
BALL	F	0.62%
HOLX	D	0.58%
ENPH	F	0.57%
RGEN	D	0.55%
POST	C	0.55%
ANET	C	0.51%
EME	A	0.5%
AVNT	B	0.5%
CNX	A	0.5%
ECL	D	0.5%
AVTR	F	0.49%
ABBV	F	0.48%
NCLH	B	0.48%
FSS	B	0.47%
CLX	A	0.46%
SCCO	F	0.45%
TPX	B	0.44%
HALO	F	0.44%
GNRC	C	0.43%
BMRN	F	0.42%
CCK	D	0.4%
MAS	D	0.39%
SLGN	A	0.38%
LTH	C	0.37%
VMC	B	0.36%
HAS	D	0.35%
NSC	B	0.35%
CF	A	0.34%
TRU	D	0.34%
ZTS	D	0.33%
IQV	F	0.33%
GD	D	0.33%
MSGS	A	0.32%
VMI	B	0.32%
AMAT	F	0.31%
CI	D	0.31%
HES	B	0.3%
BLD	D	0.29%
MMS	F	0.29%
SO	C	0.27%
EMR	B	0.26%
UI	B	0.26%
ONTO	F	0.26%
TXRH	B	0.25%
ASH	F	0.24%
BPMC	B	0.24%
SYK	B	0.23%
SKYW	C	0.23%
WSM	C	0.23%
NFG	A	0.22%
ALLE	C	0.21%
PSN	D	0.21%
BAH	F	0.2%
HIMS	B	0.2%
EFX	F	0.2%
MRVL	B	0.2%
EW	C	0.19%
TYL	B	0.19%
CHDN	B	0.18%
H	B	0.17%
NBIX	C	0.17%
GDDY	A	0.16%
ACIW	B	0.16%
ESI	B	0.16%
EMN	C	0.16%
ADMA	B	0.15%
APPF	B	0.15%
KTB	B	0.15%
VLTO	C	0.14%
SHAK	C	0.14%
RKLB	A	0.13%
SWX	B	0.13%
LYFT	C	0.13%
ISRG	A	0.12%
INFA	D	0.12%
TMO	F	0.12%
PODD	C	0.11%
GMED	A	0.11%
CNI	F	0.11%
IDXX	F	0.11%
PNR	A	0.1%
IPG	D	0.1%
AWI	A	0.09%
FCN	F	0.09%
SEM	B	0.09%
OLED	F	0.09%
TPL	A	0.09%
KEX	B	0.09%
PEN	B	0.09%
SPOT	B	0.08%
RGLD	C	0.08%
PLXS	B	0.08%
IGT	F	0.08%
REGN	F	0.08%
PTC	B	0.07%
CHD	A	0.07%
CWAN	B	0.07%
ABG	C	0.07%
VRSN	C	0.07%
ROST	D	0.06%
PRIM	A	0.06%
SNDR	B	0.05%
NXST	C	0.05%
QTWO	A	0.05%
FTDR	B	0.04%
DTM	A	0.04%
NTRA	A	0.03%
MPWR	F	0.03%
UBER	F	0.03%
CMC	B	0.03%
PWR	A	0.02%
AOS	F	0.02%
TER	F	0.02%
DNB	B	0.02%
BFAM	D	0.02%
APG	B	0.02%
MTCH	D	0.02%
TTEK	F	0.02%
R	B	0.01%
RUSHA	C	0.01%
GEHC	D	0.01%
SITM	B	0.01%
DOX	D	0.01%
EHC	B	0.01%
DVA	C	0.01%
OPCH	D	0.01%
CRVL	B	0.0%

SHRT Underweight 161 Positions Relative to NXTV

Symbol	Grade	Weight
CMCSA	B	-5.48%
T	A	-5.05%
VZ	C	-4.68%
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%
NTAP	C	-0.98%
COF	C	-0.96%
ZM	C	-0.96%
BBY	D	-0.91%
VICI	C	-0.85%
MET	A	-0.83%
TRV	B	-0.83%
DG	F	-0.76%
SNAP	D	-0.75%
AIG	B	-0.75%
ALL	A	-0.74%
NWS	A	-0.72%
F	C	-0.72%
FCNCA	A	-0.71%
PRU	A	-0.67%
NUE	C	-0.67%
KHC	F	-0.62%
CTVA	C	-0.62%
DLTR	F	-0.61%
LEN	D	-0.6%
SYY	D	-0.57%
MRNA	F	-0.57%
HUM	C	-0.55%
JNPR	D	-0.54%
CACI	D	-0.53%
BAX	F	-0.53%
SRE	A	-0.53%
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%
ALB	B	-0.43%
SNX	D	-0.42%
INCY	C	-0.41%
ADM	D	-0.4%
PPG	F	-0.39%
EQT	B	-0.39%
UAL	A	-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%
WRB	A	-0.34%
DBX	B	-0.34%
LUV	C	-0.34%
MKL	A	-0.34%
SYF	B	-0.34%
CINF	A	-0.33%
ETR	B	-0.32%
PATH	C	-0.31%
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%
L	A	-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%
PPL	A	-0.24%
FNF	B	-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%
CLVT	D	-0.2%
CNA	C	-0.2%
ALLY	C	-0.2%
RIVN	F	-0.19%
PAG	B	-0.19%
AR	B	-0.19%
RHI	C	-0.18%
UPST	B	-0.18%
BG	D	-0.18%
UNM	A	-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%
JWN	D	-0.17%
TAP	C	-0.17%
ADTN	A	-0.17%
SIG	B	-0.16%
AIZ	A	-0.16%
ALIT	C	-0.16%
BWA	D	-0.16%
NI	A	-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%
GL	C	-0.15%
DXC	B	-0.15%
URBN	C	-0.15%
ASO	F	-0.15%
FRSH	B	-0.15%
SANM	B	-0.15%
SLAB	F	-0.14%
EVRG	A	-0.14%
ORI	A	-0.14%
AGR	A	-0.14%
FHN	A	-0.14%
CIVI	D	-0.13%
CXT	C	-0.13%
WBD	B	-0.13%
SON	F	-0.13%
CPRI	F	-0.1%
LCID	F	-0.09%
MGM	D	-0.08%
BYD	B	-0.05%
DLB	B	-0.05%