IPO vs. ARKF ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to ARK Fintech Innovation ETF (ARKF)
IPO
Renaissance IPO ETF
IPO Description
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.
Grade (RS Rating)
Last Trade
$37.15
Average Daily Volume
65,970
44
ARKF
ARK Fintech Innovation ETF
ARKF Description
ARKF is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital. It seeks to achieve this investment objective by investing under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of financial technology (“Fintech”) innovation. A company is deemed to be engaged in the theme of Fintech innovation if (i) it derives a significant portion of its revenue or market value from the theme of Fintech innovation, or (ii) it has stated its primary business to be in products and services focused on the theme of Fintech innovation. The Adviser defines “Fintech innovation” as the introduction of a technologically enabled new product or service that potentially changes the way the financial sector works, which ARK believes includes but is not limited to the following business platforms: Transaction Innovations; Blockchain Technology; Risk Transformation; Frictionless Funding Platforms; Customer Facing Platforms; New Intermediaries;Grade (RS Rating)
Last Trade
$27.22
Average Daily Volume
481,757
28
Performance
| Period | IPO | ARKF |
|---|---|---|
| 30 Days | -7.68% | -6.88% |
| 60 Days | -3.63% | -3.37% |
| 90 Days | 8.75% | 8.53% |
| 12 Months | 28.68% | 46.19% |
IPO Overweight 39 Positions Relative to ARKF
| Symbol | Grade | Weight | |
|---|---|---|---|
| KVUE | F | 10.1% | |
| APP | A | 5.41% | |
| ARM | D | 4.54% | |
| CNM | A | 3.51% | |
| RIVN | F | 2.45% | |
| ONON | C | 2.39% | |
| DUOL | C | 2.26% | |
| BZ | A | 2.26% | |
| CRBG | A | 2.19% | |
| PCOR | C | 2.12% | |
| CFLT | F | 2.0% | |
| S | D | 1.88% | |
| YMM | A | 1.86% | |
| GTLB | F | 1.86% | |
| RYAN | C | 1.75% | |
| MNDY | D | 1.74% | |
| DV | F | 1.65% | |
| EDR | A | 1.47% | |
| GFS | F | 1.37% | |
| TPG | B | 1.13% | |
| DOCS | F | 1.03% | |
| FRSH | F | 1.02% | |
| MQ | F | 0.96% | |
| HCP | D | 0.9% | |
| BRZE | F | 0.79% | |
| DOCN | F | 0.77% | |
| SQSP | A | 0.74% | |
| NUVL | D | 0.62% | |
| INFA | A | 0.58% | |
| YOU | D | 0.57% | |
| BROS | A | 0.55% | |
| AGL | F | 0.55% | |
| DLO | F | 0.53% | |
| PWSC | D | 0.42% | |
| PYCR | F | 0.41% | |
| FLNC | F | 0.34% | |
| ACT | A | 0.31% | |
| BLCO | F | 0.19% | |
| INST | F | 0.14% |
IPO Underweight 23 Positions Relative to ARKF
| Symbol | Grade | Weight | |
|---|---|---|---|
| SQ | C | -8.5% | |
| DKNG | A | -6.94% | |
| SHOP | D | -6.66% | |
| TOST | C | -4.16% | |
| SOFI | F | -3.72% | |
| ROKU | F | -3.25% | |
| MELI | D | -3.24% | |
| PINS | D | -3.07% | |
| INTU | C | -2.86% | |
| RBLX | D | -2.73% | |
| META | A | -2.14% | |
| PLTR | D | -1.91% | |
| TWLO | D | -1.54% | |
| SPOT | A | -1.38% | |
| BILL | F | -1.34% | |
| SE | A | -1.21% | |
| ICE | C | -1.05% | |
| NVDA | A | -1.04% | |
| STNE | D | -1.01% | |
| TDOC | F | -0.98% | |
| CRWD | D | -0.9% | |
| Z | F | -0.8% | |
| RDDT | F | -0.02% |
IPO: Top Represented Industries & Keywords
ARKF: Top Represented Industries & Keywords
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