TXS vs. NXTI ETF Comparison

Comparison of Texas Capital Texas Equity Index ETF (TXS) to Simplify Next Intangible Core Index ETF (NXTI)

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$33.47

Average Daily Volume

2,278

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

NXTI

Simplify Next Intangible Core Index ETF

NXTI Description

NXTI targets US companies with relatively high intangible capital-to-book assets ratios 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 a ratio of intangible capital-to-book assets for each security in an initial universe consisting of the largest 2000 US companies by market-cap. The 200 stocks with the highest intangible capital-to-book assets ratio 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. Constituents are weighted by market capitalization, with individual security weights capped at 5%. The index reconstitutes quarterly.

Grade (RS Rating)

Last Trade

$29.46

Average Daily Volume

459

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	TXS	NXTI
30 Days	5.79%	1.61%
60 Days	9.74%	5.43%
90 Days	12.22%	8.31%
12 Months	40.16%

13 Overlapping Holdings

Symbol	Grade	Weight in TXS	Weight in NXTI	Overlap
BKR	A	0.61%	0.23%	0.23%
CBRE	B	2.6%	0.15%	0.15%
DELL	C	0.22%	0.98%	0.22%
KMB	C	0.28%	0.33%	0.28%
LII	B	0.13%	0.13%	0.13%
MTCH	F	0.06%	0.13%	0.06%
NRG	B	0.32%	0.17%	0.17%
NTRA	B	0.1%	0.47%	0.1%
SYY	D	1.93%	0.17%	0.17%
TRGP	A	1.37%	0.3%	0.3%
VST	A	0.8%	0.31%	0.31%
WING	F	1.72%	0.12%	0.12%
XOM	B	3.33%	3.4%	3.33%

TXS Overweight 184 Positions Relative to NXTI

Symbol	Grade	Weight
TSLA	B	5.1%
THC	C	4.57%
CRWD	B	4.0%
DLR	A	4.0%
MCK	A	3.83%
SCHW	A	3.69%
WM	B	3.4%
CCI	D	2.94%
GME	C	2.58%
ORCL	A	2.41%
LNG	A	2.34%
COP	C	1.96%
DHI	D	1.94%
TPL	A	1.93%
SCI	B	1.9%
PWR	A	1.83%
KMI	A	1.83%
GPI	A	1.53%
TYL	B	1.35%
T	A	1.27%
RUSHA	B	1.27%
TXN	C	1.23%
INVH	D	1.21%
CAT	B	1.16%
EOG	A	1.08%
ASO	F	1.04%
J	D	0.99%
SLB	C	0.92%
EAT	A	0.86%
ACM	B	0.81%
CPT	D	0.8%
PLAY	C	0.75%
ADUS	D	0.67%
LUV	A	0.66%
FIX	A	0.63%
FLR	B	0.54%
OXY	F	0.52%
KBR	D	0.51%
FANG	D	0.49%
CPRT	A	0.41%
USPH	C	0.41%
SBH	A	0.39%
HAL	C	0.39%
ATO	A	0.38%
CNP	A	0.33%
CRBG	B	0.32%
GL	B	0.31%
PSX	C	0.31%
AAL	B	0.31%
CMA	A	0.3%
HHH	B	0.29%
CFR	A	0.27%
KEX	A	0.26%
VLO	C	0.26%
CTRA	A	0.26%
AGL	F	0.25%
MRO	A	0.23%
PB	A	0.23%
IESC	B	0.21%
STRL	B	0.21%
COOP	B	0.2%
TPG	B	0.19%
HPE	B	0.17%
NSP	F	0.16%
PRIM	A	0.16%
XPEL	B	0.14%
FFIN	A	0.14%
PR	C	0.14%
OMCL	C	0.13%
BLDR	D	0.13%
RRC	B	0.12%
IBOC	A	0.12%
GRBK	D	0.12%
CHRD	F	0.12%
APA	F	0.12%
VCTR	B	0.1%
MTDR	C	0.1%
KNTK	A	0.09%
LGIH	F	0.09%
POWL	C	0.09%
WFRD	F	0.09%
LUNR	B	0.08%
IBTX	A	0.08%
CSV	B	0.08%
USLM	A	0.08%
NTST	D	0.08%
GSHD	A	0.08%
RICK	B	0.07%
DXPE	A	0.07%
ANET	C	0.07%
UEC	B	0.07%
TFIN	A	0.07%
NXRT	A	0.07%
MUR	F	0.07%
XPRO	F	0.07%
FYBR	C	0.07%
MGY	A	0.07%
DNOW	A	0.07%
ACA	B	0.07%
TH	C	0.06%
GDOT	C	0.06%
CMC	B	0.06%
OII	B	0.06%
OIS	B	0.06%
TASK	C	0.06%
ALKT	B	0.06%
FLS	A	0.06%
CSWI	B	0.06%
CRGY	A	0.06%
CRK	A	0.06%
APLD	C	0.06%
TTI	B	0.06%
SAVA	C	0.06%
MRC	B	0.06%
AMN	F	0.06%
EE	A	0.06%
GLDD	B	0.06%
PRO	C	0.06%
AAOI	A	0.06%
WTTR	A	0.06%
CE	F	0.06%
QTWO	A	0.06%
STC	A	0.06%
EXP	B	0.06%
VITL	F	0.05%
DIOD	F	0.05%
DINO	D	0.05%
YETI	F	0.05%
AESI	D	0.05%
NOV	D	0.05%
THR	C	0.05%
EGY	F	0.05%
INN	D	0.05%
SLAB	F	0.05%
HTH	B	0.05%
GRNT	B	0.05%
NR	D	0.05%
FOR	F	0.05%
CSTL	C	0.05%
EZPW	A	0.05%
ATI	D	0.05%
PTEN	D	0.05%
HESM	C	0.05%
ITGR	B	0.05%
CHX	C	0.05%
TALO	C	0.05%
SBSI	B	0.05%
HLX	D	0.05%
BIGC	C	0.05%
WSR	B	0.05%
SWI	B	0.05%
AZZ	B	0.05%
CNK	A	0.05%
PUMP	F	0.05%
VTOL	B	0.05%
TDW	F	0.05%
ALG	B	0.05%
NX	C	0.05%
DAR	B	0.05%
UPBD	B	0.05%
SABR	B	0.05%
PX	A	0.05%
AROC	A	0.05%
WHD	B	0.05%
TRN	A	0.05%
VBTX	A	0.05%
SKWD	A	0.05%
FFWM	B	0.05%
NXST	D	0.05%
BMBL	C	0.05%
PARR	D	0.04%
THRY	F	0.04%
BRY	F	0.04%
CECO	C	0.04%
SVRA	F	0.04%
HUN	F	0.04%
WLK	F	0.04%
TSHA	D	0.03%
APPS	F	0.03%
CRUS	F	0.03%
LXRX	F	0.03%
CVI	D	0.03%
ETWO	F	0.03%
NOVA	F	0.01%

TXS Underweight 184 Positions Relative to NXTI

Symbol	Grade	Weight
META	C	-5.27%
WMT	A	-4.94%
BRK.A	A	-4.21%
ADBE	F	-3.13%
MA	A	-2.95%
CSCO	B	-2.61%
IBM	D	-2.41%
UNH	B	-2.22%
NOW	B	-2.2%
INTU	A	-2.1%
HD	A	-1.62%
PANW	B	-1.39%
KO	D	-1.34%
IDXX	F	-1.28%
ALNY	D	-1.08%
UBER	C	-1.07%
PEP	F	-1.03%
SNPS	C	-0.93%
NKE	D	-0.93%
MSI	A	-0.92%
HON	A	-0.9%
BKNG	A	-0.89%
SPOT	A	-0.88%
PLTR	A	-0.87%
CDNS	B	-0.86%
WDAY	B	-0.84%
AMAT	F	-0.81%
PM	A	-0.81%
UPS	C	-0.79%
AXP	A	-0.76%
FTNT	A	-0.75%
ADSK	B	-0.7%
BX	A	-0.69%
TGT	D	-0.68%
CL	D	-0.61%
LOW	A	-0.61%
PGR	B	-0.59%
ALGN	D	-0.57%
LRCX	F	-0.57%
GEV	A	-0.56%
FICO	A	-0.55%
TT	A	-0.55%
CTAS	B	-0.55%
ABNB	C	-0.53%
WMB	A	-0.51%
TEAM	A	-0.51%
ITW	B	-0.5%
MMM	D	-0.5%
DDOG	B	-0.49%
ORLY	A	-0.49%
ELV	F	-0.48%
CTSH	B	-0.48%
EA	A	-0.47%
HPQ	B	-0.45%
D	C	-0.44%
MMC	C	-0.44%
FDX	A	-0.44%
INSM	D	-0.42%
SRPT	F	-0.42%
APP	A	-0.41%
INCY	B	-0.4%
PH	A	-0.4%
CI	D	-0.39%
SHW	B	-0.38%
NBIX	D	-0.38%
DASH	B	-0.38%
CDW	F	-0.37%
MPC	D	-0.37%
EBAY	D	-0.37%
KR	B	-0.37%
ECL	D	-0.36%
HUBS	A	-0.34%
NET	C	-0.34%
ED	D	-0.33%
CVS	F	-0.32%
HSIC	D	-0.31%
PAYX	B	-0.31%
ZS	B	-0.31%
NTAP	D	-0.31%
PINS	F	-0.3%
CMI	A	-0.3%
GDDY	A	-0.29%
GWW	A	-0.29%
A	D	-0.29%
IOT	B	-0.28%
STX	D	-0.28%
PEN	B	-0.27%
AJG	A	-0.26%
EL	F	-0.26%
ITCI	B	-0.25%
MDB	C	-0.25%
IT	B	-0.25%
AFL	C	-0.25%
VLTO	D	-0.25%
SMMT	D	-0.23%
EXEL	B	-0.23%
IONS	F	-0.23%
ZBRA	B	-0.23%
NWS	A	-0.21%
INSP	F	-0.21%
BPMC	D	-0.21%
BBY	C	-0.21%
MTD	F	-0.21%
VMC	B	-0.21%
MNST	D	-0.21%
TRV	A	-0.21%
AIG	B	-0.2%
NTNX	A	-0.2%
MANH	D	-0.2%
AMP	A	-0.2%
SNAP	D	-0.2%
ALL	A	-0.2%
CYTK	D	-0.2%
BBIO	F	-0.19%
DT	C	-0.19%
DD	D	-0.19%
PSTG	F	-0.19%
GIS	D	-0.18%
HUM	F	-0.18%
KEYS	C	-0.18%
PRU	A	-0.18%
TOST	A	-0.18%
ACGL	C	-0.17%
OTIS	D	-0.17%
RARE	F	-0.16%
FAST	B	-0.16%
XYL	D	-0.16%
DOCU	A	-0.16%
JNPR	D	-0.16%
HSY	F	-0.16%
WSM	F	-0.16%
ROL	A	-0.16%
MDGL	C	-0.16%
ULTA	D	-0.16%
AXSM	B	-0.15%
LYV	A	-0.15%
ALKS	B	-0.15%
BURL	C	-0.15%
TER	F	-0.15%
WAT	B	-0.15%
CNC	F	-0.15%
GWRE	B	-0.15%
FFIV	B	-0.15%
EXPE	A	-0.14%
BAH	D	-0.14%
CLX	A	-0.14%
ILMN	C	-0.14%
DUOL	B	-0.14%
NI	A	-0.14%
CORT	B	-0.14%
HIG	C	-0.14%
CACI	C	-0.14%
APLS	F	-0.13%
GPC	D	-0.13%
EXPD	D	-0.13%
PPG	F	-0.13%
APTV	F	-0.13%
RDDT	B	-0.13%
DECK	A	-0.13%
CVNA	A	-0.13%
APPF	C	-0.12%
DYN	F	-0.12%
K	B	-0.12%
DOV	A	-0.12%
TSCO	D	-0.12%
BRO	B	-0.12%
AVY	D	-0.12%
GTLB	B	-0.11%
DKNG	B	-0.11%
PCOR	B	-0.11%
RL	B	-0.11%
FOLD	F	-0.11%
TXT	D	-0.11%
NYT	D	-0.11%
DNLI	C	-0.11%
IOVA	D	-0.1%
RS	B	-0.1%
AMED	F	-0.1%
TGTX	B	-0.1%
ACI	C	-0.1%
TW	B	-0.1%
CHWY	B	-0.09%
DLB	D	-0.04%
LNW	D	-0.04%