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NXTI vs SPYV

Simplify NEXT Intangible Core Index ETF

NXTICCboe

State Street SPDR Portfolio S&P 500 Value ETF

SPYVANYSE Arca

Overlap

Expense ratio

SPYV −0.21pt a year

NXTI0.25%SPYV0.04%

Avg volume · 30D

SPYV 223.2×the volume

NXTI9.43KSPYV2.1M

NXTI vs SPYV Performance

Dec 31, 2025 – Oct 29, 2026

+13.3%NXTI+15.2%SPYV

Dec 31, 2025 to Oct 29, 2026. NXTI +13.3%. SPYV +15.2%. Use the arrow keys to read each point.−10%−5%0%5%Dec 2025Jun 2026Oct 2026
Expense ratio
NXTI 0.25%
SPYV 0.04%, better
Fund size
NXTI $14M
SPYV $39.2B
1Y total return
NXTI +12.5%
SPYV +16.6%, better
Yield (12M)
NXTI 0.66%
SPYV 1.65%, better
Holdings
NXTI 201
SPYV 437
Avg volume (30D)
NXTI 9.43K sh
SPYV 2.1M sh, better
NAV per share
NXTI $36.83
SPYV $64.64
52W range

ETF.net Grade

NXTI as of

NXTI: Cost 54, Risk 40, Mission 77, Tradability 23, Holdings 54, Durability 34. SPYV: Cost 98, Risk 82, Mission 86, Tradability 97, Holdings 71, Durability 86.
Pillar letters and Scores for NXTI, SPYV, with each pillar’s weight
PillarNXTISPYV
Cost30% weightC54A98Higher
Mission25% weightA77A86Higher
Risk15% weightC40A82Higher
Tradability15% weightF23A97Higher
Holdings10% weightC54A71Higher
Durability5% weightD34A86Higher

Rank among Other Major Indexes funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NXTI and SPYV 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 ›

SPYV ranks 1st and NXTI 22nd of 42 funds in the Other Major Indexes Category.

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

Our read on each fund

ETF.net Research

NXTICSimplify NEXT Intangible Core Index ETF

SPYVAState Street SPDR Portfolio S&P 500 Value 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.

SPYV The value side of the S&P 500, tracked since 2000 for four basis points. It does one thing: hold the index names that screen cheap, and charge close to nothing for the privilege.

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.

SPYV The fund seeks to track, before fees and expenses, the total return of the S&P 500 Value Index.

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.
  • SPYV 0.04% a year. VOOV tracks the identical S&P 500 Value Index and charges 0.07%, so this is the same exposure at a lower fee.
  • Trading since 2000 and now a multi-billion-dollar fund that changes hands actively, so the plumbing is well worn.
  • No stock picking, no factor secret sauce: it aims to match the S&P 500 Value Index before fees, and it is one of the cleaner implementations in its peer group.ssga.com

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.
  • SPYV This is one style slice, roughly 400 value-screened names, not the whole S&P 500. It will move differently from the full index.
  • Value goes through long stretches in and out of favor. The fund follows the index rules either way, with no manager stepping in.
  • Distributions land quarterly, not monthly.

Full NXTI profile⁠

Full SPYV profile⁠

NXTI vs SPYV 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 SPYV Cost

Overpaying NXTI vs SPYV

$4,310

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

  • NXTI 0.25%

    $5,159

  • SPYV 0.04%

    $849

$10,000
30 years

Cost over time

  • NXTI 0.25%
  • SPYV 0.04%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530NXTI $5,159SPYV $849

Year by year

YearNXTISPYVOverpaying
10$455$73$382
20$1,769$288$1,481
30$5,159$849$4,310

Expense ratio

  • 0.25%NXTI
  • 0.04%SPYV, cheaper
  • Middle half of Other Major Indexes funds
  • Median 0.29%

SPYV 2nd cheapest of 42 funds

NXTI 20th cheapest of 42 funds

NXTI vs SPYV Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
NXTI 0.66%
SPYV 1.65%, better
Payout (12M)
NXTI $0.24
SPYV $1.06
Last payment
NXTI $0.10
SPYV $0.27
Ex-dividend
NXTI Sep 25, 2026
SPYV Sep 21, 2026
Paid on
NXTI Sep 30, 2026
SPYV Sep 23, 2026
Frequency
NXTI Quarterly
SPYV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

NXTIQuarterly · 10 paymentsAll NXTI payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Jun 25, 2024 $0.05; Sep 25, 2024 $0.05; Dec 23, 2024 $0.94; Mar 26, 2025 $0.05; Jun 25, 2025 $0.06; Sep 25, 2025 $0.05; Dec 23, 2025 $0.04; Mar 26, 2026 $0.05; Jun 25, 2026 $0.05; Sep 25, 2026 $0.10. Use the arrow keys to read each point.$0$12017202020232026YTD
SPYVQuarterly · 39 paymentsAll SPYV payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.15; Jun 16, 2017 $0.17; Sep 15, 2017 $0.18; Dec 15, 2017 $0.36; Mar 19, 2018 $0.17; Jun 18, 2018 $0.19; Sep 24, 2018 $0.22; Dec 24, 2018 $0.22; Mar 18, 2019 $0.18; Jun 24, 2019 $0.20; Sep 23, 2019 $0.19; Dec 23, 2019 $0.21; Mar 23, 2020 $0.22; Jun 22, 2020 $0.21; Sep 21, 2020 $0.19; Dec 21, 2020 $0.19; Mar 22, 2021 $0.24; Jun 21, 2021 $0.20; Sep 20, 2021 $0.18; Dec 20, 2021 $0.26; Mar 21, 2022 $0.18; Jun 21, 2022 $0.22; Sep 19, 2022 $0.22; Dec 19, 2022 $0.24; Mar 20, 2023 $0.18; Jun 20, 2023 $0.20; Sep 18, 2023 $0.20; Dec 18, 2023 $0.23; Mar 18, 2024 $0.26; Jun 24, 2024 $0.29; Sep 23, 2024 $0.28; Dec 23, 2024 $0.35; Mar 24, 2025 $0.18; Jun 23, 2025 $0.25; Sep 22, 2025 $0.26; Dec 22, 2025 $0.31; Mar 23, 2026 $0.21; Jun 22, 2026 $0.27; Sep 21, 2026 $0.27. Use the arrow keys to read each point.$0$12017202020232026YTD

NXTI vs SPYV 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 2024SPYV 11.7%
Return per unit of riskSharpe ratio, 3 years
NXTI 1.04since May 2024SPYV 1.17
Worst fallMax drawdown, 5 years
NXTI −19.7%since Apr 2024SPYV −17.9%
Market sensitivityBeta, 5 years
NXTI 0.95SPYV 0.83

NXTI and SPYV in the news

All news⁠

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