Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Simplify NEXT Intangible Core Index ETF
$36.84−0.11 (−0.30%)
- 0.25%
- $16M
- +17.6%
- 0.66%
- 0M sh
- $37.10
- low $29.10high $37.09
The ETF.net NXTI Grade
C
Score 51 out of 100
- 24 of 43
Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B55 out of 100Rank 20 of 43Mission
Whether the fund did what it promised, tested against its stated mandate.A78 out of 100Rank 18 of 31Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 35 of 43Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F23 out of 100Rank 38 of 43Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 21 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D34 out of 100Rank 32 of 43
Our read on NXTI
CMost index funds count factories. NXTI tracks an index that counts the other stuff: R&D, brands, software. It picks US companies with the highest intangible capital relative to book assets, sector by sector.
The Fund seeks to track, before fees and expenses, the NEXT Intangible Core Index. That index selects U.S. companies with relatively high intangible-capital-to-book-assets ratios within their sectors.
Why people hold it
- Charges 0.25% a year, well under the median for its index-fund peer group, for a screen you won't find in plain market-cap beta.
- Selects within sectors, so the intangibles tilt spreads across roughly 200 US names instead of collapsing into an all-software portfolio.simplify.us
- Fully rules-based: the index does the picking, not a manager's gut. Distributions come quarterly.
Worth knowing
- Small and thinly traded. Spreads can run wider than on warehouse-scale index staples like SCHK or VOOV, which also cost a few basis points to own.
- The intangibles screen reshuffles sector-relative weights, so the portfolio can look and behave quite differently from a cap-weighted US benchmark.simplify.us
- Launched in 2024, so there isn't yet a full market cycle showing how the strategy holds up through a deep drawdown.
NXTI Holdings
- Stocks
- 201
- 36%
- PLTR
Sectors
- Technology47.3%
- Financials11.4%
- Health Care10.5%
- Industrials8.6%
- Consumer Staples8.5%
- Consumer Discretionary5.1%
- Energy3.8%
- Communication1.9%
- Materials1.1%
- Real Estate0.9%
- Utilities0.8%
Geography
- United States96.30%
- Singapore1.91%
- Ireland1.13%
- Australia0.58%
- Canada0.07%
NXTI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NXTI$11,761
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NXTI |
|---|---|
| Year to date | +14.3% |
| 1 month | +3.1% |
| 3 months | +5.4% |
| 1 year | +17.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NXTI |
|---|---|---|
| 2026 YTD | +14.3% | |
| 2025 | +16.7% | |
| 2024 | +16.2% |
NXTI in the news
NXTI Dividends
- 0.66%
- $0.24
- $0.10 per share
- Quarterly
Distribution history
NXTI Risk
- 13.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.7%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NXTI Cost
0.25%
NXTI0.25%
- The middle half of Other Major Indexes funds
- Median 0.29%
19 of the 42 Other Major Indexes funds charge less.
Other funds in Other Major Indexes
- CBBEMJPMorgan BetaBuilders Emerging Markets Equity ETFExpense ratio 0.15%1 year return +28.7%
- CNYSXGlobal X - NYSE 100 ETFExpense ratio 0.09%1 year return —
- CCHRIGlobal X S&P 500 Christian Values ETFExpense ratio 0.29%1 year return +19.0%
- CRFVInvesco S&P MidCap 400 Pure Value ETFExpense ratio 0.35%1 year return +20.7%
- CTMFXMotley Fool Next Index ETFExpense ratio 0.50%1 year return +14.9%