NXTI vs. ITOT

Last updated Jun 5, 2026

NXTI (Simplify NEXT Intangible Core Index ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds - NXTI tracks the NEXT Intangible Core Index while ITOT tracks the S&P Total Market Index. Both are passively managed. Over the past year, NXTI returned 16.80% vs 28.81% for ITOT. Their correlation of 0.87 suggests significant overlap in exposure. NXTI charges 0.25%/yr vs 0.03%/yr for ITOT.

Performance

NXTI vs. ITOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify NEXT Intangible Core Index ETF (NXTI) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NXTI achieves a 8.08% return, which is significantly lower than ITOT's 11.78% return.

NXTI

• 1D: 0.56%
• 1M: 10.44%
• YTD: 8.08%
• 6M: 7.11%
• 1Y: 16.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ITOT

• 1D: 0.48%
• 1M: 4.64%
• YTD: 11.78%
• 6M: 11.52%
• 1Y: 28.81%
• 3Y*: 22.39%
• 5Y*: 12.80%
• 10Y*: 15.01%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NXTI vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
NXTI Simplify NEXT Intangible Core Index ETF	8.08%	16.73%	16.21%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.78%	17.00%	17.55%

Correlation

The correlation between NXTI and ITOT is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 17, 2024	0.87

The correlation between NXTI and ITOT has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

NXTI vs. ITOT - Sectors Allocation Comparison

Sectors	NXTI	ITOT
Technology	43.3%	33.8%
Financial Services	11.2%	12.1%
Healthcare	9.7%	9.0%
Industrials	9.5%	9.5%
Consumer Defensive	8.2%	4.7%
Consumer Cyclical	5.0%	10.1%
Communication Services	4.7%	10.3%
Energy	3.6%	3.7%
Utilities	2.0%	2.3%
Real Estate	1.5%	2.4%
Basic Materials	0.9%	2.1%

Return for Risk

NXTI vs. ITOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NXTI

NXTI Risk / Return Rank: 29
NXTI Sharpe Ratio Rank: 33
NXTI Sortino Ratio Rank: 31
NXTI Omega Ratio Rank: 30
NXTI Calmar Ratio Rank: 27
NXTI Martin Ratio Rank: 26

ITOT

ITOT Risk / Return Rank: 73
ITOT Sharpe Ratio Rank: 74
ITOT Sortino Ratio Rank: 73
ITOT Omega Ratio Rank: 72
ITOT Calmar Ratio Rank: 66
ITOT Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NXTI vs. ITOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify NEXT Intangible Core Index ETF (NXTI) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	NXTI	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	1.15	2.37	-1.23
Sortino ratio: Return per unit of downside risk	1.64	3.24	-1.59
Omega ratio: Gain probability vs. loss probability	1.20	1.43	-0.23
Calmar ratio: Return relative to maximum drawdown	1.30	3.25	-1.95
Martin ratio: Return relative to average drawdown	3.50	14.92	-11.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NXTI vs. ITOT - Sharpe Ratio Comparison

The current NXTI Sharpe Ratio is 1.15, which is lower than the ITOT Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of NXTI and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NXTI	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	2.37	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.74	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.57	+0.58

Drawdowns

NXTI vs. ITOT - Drawdown Comparison

The maximum NXTI drawdown since its inception was -19.65%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for NXTI and ITOT.

Drawdown Indicators

	NXTI	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-19.65%	-55.20%	+35.55%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-8.90%	-4.09%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.91%	-0.25%	-0.66%
Average Drawdown Average peak-to-trough decline	-3.23%	-6.97%	+3.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	1.94%	+2.88%

Volatility

NXTI vs. ITOT - Volatility Comparison

Simplify NEXT Intangible Core Index ETF (NXTI) has a higher volatility of 3.97% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.94%. This indicates that NXTI's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NXTI	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	2.94%	+1.03%
Volatility (6M) Calculated over the trailing 6-month period	11.66%	9.14%	+2.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.72%	12.19%	+2.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.14%	17.35%	-0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.14%	18.26%	-1.12%

NXTI vs. ITOT - Expense Ratio Comparison

NXTI has a 0.25% expense ratio, which is higher than ITOT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

NXTI vs. ITOT - Dividend Comparison

NXTI's dividend yield for the trailing twelve months is around 0.58%, less than ITOT's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.97%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%
NXTI Simplify NEXT Intangible Core Index ETF	0.58%	0.62%	3.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both NXTI and ITOT in my portfolio?

NXTI and ITOT have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NXTI or ITOT?

NXTI has higher volatility (3.97%) compared to ITOT (2.94%). In terms of maximum drawdown, NXTI dropped -19.65% vs ITOT's -55.20%.

Which ETF is better, NXTI or ITOT?

On 1-year performance, ITOT leads with 28.81% vs 16.80% for NXTI. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NXTI or ITOT?

Over the 1-year period, ITOT has performed better with a 28.81% return vs 16.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NXTI or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.25% for NXTI.

Which ETF pays a higher dividend yield, NXTI or ITOT?

ITOT has the higher dividend yield at 0.97%, compared with 0.58% for NXTI.

What is the main difference between NXTI and ITOT?

NXTI tracks NEXT Intangible Core Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.25% for NXTI and 0.03% for ITOT.

Which has better risk-adjusted returns?

ITOT currently has the higher Sharpe Ratio (2.37 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.