NXTI vs SCHK: Grades, Fees and Holdings Compared

Simplify NEXT Intangible Core Index ETF

NXTICCboe

Schwab 1000 Index ETF

SCHKANYSE Arca

Overlap

24.5%by weight

Expense ratio

SCHK −0.22pt a year

NXTI0.25%SCHK0.03%

Avg volume · 30D

SCHK 139.3×the volume

NXTI9.43KSCHK1.31M

NXTI vs SCHK Performance

Dec 31, 2025 – Oct 29, 2026

+13.3%NXTI+13.8%SCHK

Expense ratio: NXTI 0.25%; SCHK 0.03%, better
Fund size: NXTI $14M; SCHK $5.69B
1Y total return: NXTI +12.5%, better; SCHK +11.8%
Yield (12M): NXTI 0.66%; SCHK 1.05%, better
Holdings: NXTI 201; SCHK 999
Avg volume (30D): NXTI 9.43K sh; SCHK 1.31M sh, better
NAV per share: NXTI $36.83; SCHK $36.31
52W range

ETF.net Grade

NXTI as of Oct 29, 2026

Pillar letters and Scores for NXTI, SCHK, with each pillar’s weight
Pillar	NXTI	SCHK
Cost30% weight	C54	A98Higher
Mission25% weight	A77	A100Higher
Risk15% weight	C40	B66Higher
Tradability15% weight	F23	A90Higher
Holdings10% weight	C54	B57Higher
Durability5% weight	D34	B68Higher

Rank among Other Major Indexes funds

How we build Categories ›

Same Category. NXTI and SCHK are both graded against the same 42 Other Major Indexes funds, so their Grades compare head to head.

Other Major Indexes⁠

Category · 42 funds

See all 42 ›

SCHK ranks 2nd and NXTI 22nd of 42 funds in the Other Major Indexes Category.

Rank 1ASPYVState Street SPDR Portfolio S&P 500 Value ETFScore 89
Rank 2ASCHKSchwab 1000 Index ETFScore 86
Rank 3APBUSInvesco MSCI USA ETFScore 85
Rank 22CBBEMJPMorgan BetaBuilders Emerging Markets Equity ETFScore 51
Rank 22CNXTISimplify NEXT Intangible Core Index ETFScore 51
Rank 24CNYSXGlobal X NYSE 100 ETFScore 49

Our read on each fund

ETF.net Research

NXTICSimplify NEXT Intangible Core Index ETF

SCHKASchwab 1000 Index ETF

In short

NXTI Most 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.

SCHK Schwab's house-built alternative to the S&P 500: the 1,000 largest US companies in one passive wrapper, reaching past the mega-caps into mid-cap turf, priced at three basis points.

Stated mandate

NXTI 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.

SCHK The fund seeks to track the total return of the Schwab 1000 Index before fees and expenses.

Why people hold it

NXTI 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.

SCHK 0.03% a year, the lowest fee among the top-scoring funds in its index-wrapper group and a small fraction of what the typical fund there charges.
About 1,000 stocks covering roughly 90% or more of US stock market value: the S&P 500 names plus a layer of mid caps most large-blend funds skip.schwabassetmanagement.com
Tracks its stated index tightly and stands among the strongest implementations in its peer group of plain index wrappers.
A multi-billion-dollar fund that trades actively and pays distributions quarterly.

Worth knowing

NXTI 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.

SCHK Weighted by market value, so the biggest US companies drive the bulk of results. Those extra 500 names carry less weight than the headcount suggests.schwabassetmanagement.com
All-US, all-equity by mandate: no bonds, no foreign stocks, and it rides the full swings of the US market.
The benchmark is Schwab's own proprietary index, so there is no rival fund on the identical yardstick for a side-by-side comparison.

Full NXTI profile⁠

Full SCHK profile⁠

NXTI vs SCHK Holdings

How NXTI and SCHK differ

Overlap by weight

24.5%

Shared holdings make up 99.0% of NXTI and 24.5% of SCHK.

Level by level

Holdings199 in both24.5%
Sector11 Sectors86.3%
Countryby domicile96.4%
Asset classEquity100%

Sector

Sector weights in NXTI and SCHK, widest gap first
Sector	More in NXTIMore in SCHK	NXTI	SCHK
Technology	NXTI +7.8 points	46.7%	38.9%
Communication	SCHK +7.3 points	2.0%	9.4%
Consumer Staples	NXTI +4.1 points	8.3%	4.2%
Consumer Discretionary	SCHK +3.2 points	5.4%	8.6%
Health Care	NXTI +1.2 points	11.0%	9.8%
Utilities	SCHK +1.1 points	0.8%	1.9%
Real Estate	SCHK +1.1 points	0.9%	2.0%
Materials	SCHK +1.0 points	0.8%	1.8%
Industrials	NXTI +0.5 points	9.1%	8.6%
Energy	NXTI +0.2 points	3.7%	3.5%
Financials	Same weight	11.4%	11.4%

Country, concentration and asset class

Country by domicile

Country weights in NXTI and SCHK, widest gap first
Country	More in NXTIMore in SCHK	NXTI	SCHK
United States	SCHK +3.0 points	96.4%	99.4%
Singapore	NXTI +1.8 points	1.8%	0.0%
Ireland	NXTI +1.2 points	1.2%	0.0%
Australia	NXTI +0.6 points	0.6%	0.0%
Other countries (8)	SCHK +0.4 points	0.1%	0.5%

Concentration

Weight in the 10 largest Holdings

NXTI35.7%
SCHK34.4%

Securities held

NXTI200
SCHK999

Asset class

NXTI: Equity
SCHK: Equity

Holdings

Only in NXTI1
In both199
Only in SCHK800

Only in NXTI

1 security, 0.0% of NXTI by weight

Skydance Corp USD 0.0010.05%

Only in SCHK

800 securities, 75.5% of SCHK by weight

NVIDIA7.16%
Apple7.06%
Microsoft5.45%
Amazon Com Inc3.32%
Alphabet Class A2.31%
Broadcom Inc2.28%
Meta Platforms Class A1.91%
Alphabet Class C1.86%
Tesla Inc1.58%
Eli Lilly1.52%
Micron Technology1.46%
Advanced Micro Devices1.28%
JPMorgan Chase1.27%
Visa Class A0.97%
AbbVie0.71%
Chevron0.64%
Intel Corporation Corp0.63%
Costco Wholesale Corp0.61%
Procter & Gamble0.52%
Merck & Co Inc0.50%
Bank of America0.46%
Palo Alto Networks0.43%
Texas Instrument0.40%
Goldman Sachs Group0.37%
Rtx0.37%
Thermo Fisher Scientific0.36%
Netflix0.36%
Wells Fargo0.36%
Amgen Inc0.35%
Oracle0.33%
Linde PLC0.32%
Morgan Stanley0.31%
Kla0.30%
Analog Devices0.29%
Citigroup0.29%
Gilead Sciences0.28%
Amphenol Corp Class A0.28%
Space Exploration Technologies Cor0.27%
Sandisk0.27%
Arista Networks0.27%
Walt Disney0.27%
Marvell Technology0.27%
Mcdonalds Corp0.25%
Verizon Communications Inc0.25%
Abbott Laboratories0.25%
Conocophillips0.25%
Union Pacific0.25%
Nextera Energy0.24%
Pfizer0.24%
Welltower0.23%

Weight gaps

The 100 widest of 199 Holdings in both funds.

Holding weights in NXTI and SCHK, widest gap first
Holding	More in NXTIMore in SCHK	NXTI	SCHK
Palantir Technologies Inc USD 0.001PLTR	NXTI +4.69 points	5.32%	0.63%
Walmart IncWMT	NXTI +4.09 points	4.84%	0.75%
Johnson & Johnson USD 1.0JNJ	NXTI +4.01 points	4.93%	0.92%
Cisco Sys Inc USD 0.001CSCO	NXTI +4.00 points	4.59%	0.59%
Dell Technologies Inc USD 0.01DELL	NXTI +3.05 points	3.25%	0.20%
Crowdstrike Hldgs Inc USD 0.0005CRWD	NXTI +2.25 points	2.62%	0.37%
International Business Mach USD 0.2IBM	NXTI +2.07 points	2.41%	0.34%
Berkshire Hathaway Inc Sh B 0.0033BRK.B	NXTI +1.98 points	3.38%	1.40%
Salesforce Inc USD 0.001CRM	NXTI +1.93 points	2.19%	0.26%
Qualcomm Inc USD 0.0001QCOM	NXTI +1.57 points	1.85%	0.28%
Seagate Technology Hold USD 0.00001STX	NXTI +1.54 points	1.76%	0.22%
Servicenow Inc USD 0.001NOW	NXTI +1.54 points	1.70%	0.16%
Western Digital Corp USD 0.01WDC	NXTI +1.45 points	1.65%	0.20%
Mastercard IncMA	NXTI +1.40 points	2.11%	0.71%
Snowflake Inc USD 1.0SNOW	NXTI +1.24 points	1.40%	0.16%
Fortinet I USD 0.001FTNT	NXTI +1.12 points	1.24%	0.12%
Adobe Syst Com USD0.0001ADBE	NXTI +1.02 points	1.16%	0.14%
Exxonmobil Hldgs Corp NpvXOM	NXTI +1.00 points	2.05%	1.05%
Cadence Design Sys Inc USD 0.01CDNS	NXTI +0.99 points	1.12%	0.13%
Cloudflare Inc USD 0.001NET	NXTI +0.92 points	1.06%	0.14%
Datadog Inc USD 0.00001DDOG	NXTI +0.88 points	1.00%	0.12%
Intuit USD 0.01INTU	NXTI +0.87 points	1.00%	0.13%
Ge AerospaceGE	NXTI +0.81 points	1.26%	0.45%
Comcast Corp New USD 0.01CMCSA	NXTI +0.78 points	0.89%	0.11%
UnitedHealth Group Inc USD 0.01UNH	NXTI +0.64 points	1.15%	0.51%
Tjx Cos Inc New USD 1.0TJX	NXTI +0.61 points	0.83%	0.22%
Atlassian Corp USD 0.00001TEAM	NXTI +0.56 points	0.61%	0.05%
Caterpillar Inc USD 1.0CAT	NXTI +0.55 points	0.96%	0.41%
Natera Inc USD 0.0001NTRA	NXTI +0.52 points	0.61%	0.09%
Workday Inc USD 0.001WDAY	NXTI +0.51 points	0.57%	0.06%
Autodesk I Com USD0.01ADSK	NXTI +0.49 points	0.56%	0.07%
Rockwell Automation Inc USD 1.0ROK	NXTI +0.47 points	0.54%	0.07%
Ge Vernova Inc USD 0.01GEV	NXTI +0.45 points	0.78%	0.33%
Ciena Corp USD 0.01CIEN	NXTI +0.45 points	0.52%	0.07%
Lam Resh Corp USD 0.001LRCX	NXTI +0.45 points	0.89%	0.44%
Everpure Inc USD 0.0001P	NXTI +0.44 points	0.50%	0.06%
Idexx Labs Inc USD 0.1IDXX	NXTI +0.43 points	0.49%	0.06%
Applied Matls Inc USD 0.01AMAT	NXTI +0.41 points	0.88%	0.47%
American Express Co USD 0.2AXP	NXTI +0.41 points	0.65%	0.24%
Netapp Inc USD 0.001NTAP	NXTI +0.40 points	0.46%	0.06%
Coca Cola Co USD 0.25KO	NXTI +0.38 points	0.88%	0.50%
Zscaler Inc USD 0.001ZS	NXTI +0.37 points	0.41%	0.04%
Twilio Inc USD 0.001TWLO	NXTI +0.37 points	0.42%	0.05%
BlackRock Inc New USD 0.01BLK	NXTI +0.37 points	0.60%	0.23%
Home Depot Inc USD 0.05HD	NXTI +0.35 points	0.81%	0.46%
Take-Two Interactive Softw USD 0.01TTWO	NXTI +0.34 points	0.39%	0.05%
Blackstone Inc USD 0.00001BX	NXTI +0.34 points	0.47%	0.13%
Uber Technologies Inc USD 0.00001UBER	NXTI +0.34 points	0.53%	0.19%
Alnylam Pharmaceuticals In USD 0.01ALNY	NXTI +0.34 points	0.37%	0.03%
Okta Inc USD 0.0001OKTA	NXTI +0.32 points	0.37%	0.05%
Booking Hldgs Inc USD 0.008BKNG	NXTI +0.31 points	0.47%	0.16%
Colgate Palmolive Co USD 1.0CL	NXTI +0.31 points	0.41%	0.10%
Airbnb Inc USD 0.0001ABNB	NXTI +0.30 points	0.40%	0.10%
Mongodb Inc USD 0.001MDB	NXTI +0.30 points	0.34%	0.04%
Zoom Communications Inc USD 0.001ZM	NXTI +0.29 points	0.33%	0.04%
Cognizant Technology Solut USD 0.01CTSH	NXTI +0.29 points	0.33%	0.04%
Dexcom Inc USD 0.001DXCM	NXTI +0.29 points	0.33%	0.04%
Trane Technologies PLC USD 1.0TT	NXTI +0.27 points	0.40%	0.13%
Target Corp USD 0.0833TGT	NXTI +0.26 points	0.36%	0.10%
Verisign Inc USD 0.001VRSN	NXTI +0.26 points	0.29%	0.03%
Hp Inc USD 0.01HPQ	NXTI +0.26 points	0.30%	0.04%
Nike Inc Class B Com NpvNKE	NXTI +0.26 points	0.32%	0.06%
Johnson Controls Internati USD 0.01JCI	NXTI +0.25 points	0.38%	0.13%
Reddit Inc USD 0.0001RDDT	NXTI +0.24 points	0.27%	0.03%
Incyte Corp USD 0.001INCY	NXTI +0.24 points	0.27%	0.03%
Cintas Corp NpvCTAS	NXTI +0.23 points	0.33%	0.10%
Philip Morris Intl Inc NpvPM	NXTI +0.23 points	0.68%	0.45%
Moderna Inc USD 0.0001MRNA	NXTI +0.23 points	0.34%	0.11%
3M Co USD 0.01MMM	NXTI +0.22 points	0.35%	0.13%
United Parcel Svc Inc USD 0.01UPS	NXTI +0.23 points	0.34%	0.11%
Samsara Inc USD 0.0001IOT	NXTI +0.23 points	0.25%	0.02%
Doordash Inc USD 0.00001DASH	NXTI +0.21 points	0.30%	0.09%
Progressive Corp Oh USD 1.0PGR	NXTI +0.21 points	0.40%	0.19%
Insmed Inc USD 0.01INSM	NXTI +0.21 points	0.24%	0.03%
Guardant Health Inc USD 0.00001GH	NXTI +0.21 points	0.24%	0.03%
Illinois Tool Wks Inc USD 0.01ITW	NXTI +0.20 points	0.30%	0.10%
Cdw Corp USD 0.01CDW	NXTI +0.19 points	0.22%	0.03%
Live Nation Entmt Inc USD 0.01LYV	NXTI +0.19 points	0.23%	0.04%
Cvs Health Corporation USD 0.01CVS	NXTI +0.19 points	0.35%	0.16%
Fedex Corp USD 0.1FDX	NXTI +0.19 points	0.28%	0.09%
Northrop Grumman Corp USD 1.0NOC	NXTI +0.19 points	0.29%	0.10%
Toast Inc USD 0.000001TOST	NXTI +0.19 points	0.21%	0.02%
Lauder Estee Cos Inc USD 0.01EL	NXTI +0.18 points	0.22%	0.04%
O Reilly Automotive Inc Ne USD 0.01ORLY	NXTI +0.18 points	0.28%	0.10%
Cummins Inc USD 2.5CMI	NXTI +0.18 points	0.28%	0.10%
Robinhood Mkts Inc USD 0.0001HOOD	NXTI +0.18 points	0.28%	0.10%
F5 IncFFIV	NXTI +0.17 points	0.20%	0.03%
Grainger W W Inc USD 0.5GWW	NXTI +0.17 points	0.25%	0.08%
Williams Cos Inc USD 1.0WMB	NXTI +0.16 points	0.29%	0.13%
Pepsico Inc USD 0.017PEP	NXTI +0.17 points	0.42%	0.25%
Honeywell Intl Inc USD 1.0HON	NXTI +0.16 points	0.26%	0.10%
Marathon Pete Corp USD 0.01MPC	NXTI +0.16 points	0.33%	0.17%
Fair Isaac Corporation USD 0.01FICO	NXTI +0.16 points	0.18%	0.02%
MarshMRSH	NXTI +0.16 points	0.29%	0.13%
Keysight Technologies Inc USD 0.01KEYS	NXTI +0.15 points	0.23%	0.08%
Phillips 66 USD 0.01PSX	NXTI +0.15 points	0.30%	0.15%
Kinder Morgan Inc Del USD 0.01KMI	NXTI +0.15 points	0.24%	0.09%
Intercontinental Exchange IncICE	NXTI +0.14 points	0.27%	0.13%
Parker-Hannifin Corp USD 0.5PH	NXTI +0.14 points	0.30%	0.16%
Elevance Health Inc USD 0.01ELV	NXTI +0.14 points	0.27%	0.13%

All 199 NXTI holdings⁠All 1,001 SCHK holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NXTI vs SCHK Cost

Overpaying NXTI vs SCHK

$4,521

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

NXTI 0.25%
$5,159
SCHK 0.03%
$638

Amount$10,000

Years30 years

Cost over time

NXTI 0.25%
SCHK 0.03%
Overpaying

Year by year

Year	NXTI	SCHK	Overpaying
10	$455	$55	$400
20	$1,769	$216	$1,553
30	$5,159	$638	$4,521

Expense ratio

0.25%NXTI
0.03%SCHK, cheaper

SCHK0.03%NXTI0.25%

0.03%0.75%

Middle half of Other Major Indexes funds
Median 0.29%

SCHK cheapest of 42 funds

NXTI 20th cheapest of 42 funds

NXTI vs SCHK Dividends

Last 12 months to Oct 30, 2026

Yield (12M): NXTI 0.66%; SCHK 1.05%, better
Payout (12M): NXTI $0.24; SCHK $0.38
Last payment: NXTI $0.10; SCHK $0.10
Ex-dividend: NXTI Sep 25, 2026; SCHK Sep 23, 2026
Paid on: NXTI Sep 30, 2026; SCHK Sep 28, 2026
Frequency: NXTI Quarterly; SCHK Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

NXTIQuarterly · 10 paymentsAll NXTI payments⁠

SCHKQuarterly · 39 paymentsAll SCHK payments⁠

NXTI vs SCHK Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: NXTI 13.7%since May 2024SCHK 12.6%
Return per unit of riskSharpe ratio, 3 years: NXTI 1.04since May 2024SCHK 1.39
Worst fallMax drawdown, 5 years: NXTI −19.7%since Apr 2024SCHK −25.4%
Market sensitivityBeta, 5 years: NXTI 0.95SCHK 1.02; Market = 1

NXTI and SCHK in the news

All news⁠

Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Oct 9, 2026NXTI

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NXTI vs SCHK

In short

Stated mandate

Why people hold it

Worth knowing

How NXTI and SCHK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NXTI

Only in SCHK

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies

How NXTI and SCHK differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in NXTI

Only in SCHK

Weight gaps