IPO vs. BMVP ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to Invesco Bloomberg MVP Multi-factor ETF (BMVP)
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
$37.21
Average Daily Volume
55,169
45
BMVP
Invesco Bloomberg MVP Multi-factor ETF
BMVP Description
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index seeks to include the 50 securities with the strongest momentum, most muted volatility, most inexpensive valuations, and highest profitability based on an aggregated sector-neutral "MVP" score. Stocks are selected from the top of each sector and size category in a manner designed to produce an index with sector and size dispersion similar to the overall broad market.Grade (RS Rating)
Last Trade
$42.82
Average Daily Volume
1,406
10
Performance
| Period | IPO | BMVP |
|---|---|---|
| 30 Days | -9.11% | -5.02% |
| 60 Days | -6.22% | -1.76% |
| 90 Days | 7.79% | 3.05% |
| 12 Months | 36.45% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in BMVP | Overlap | |
|---|---|---|---|---|---|
| CRBG | B | 2.24% | 2.23% | 2.23% |
IPO Overweight 44 Positions Relative to BMVP
| Symbol | Grade | Weight | |
|---|---|---|---|
| KVUE | F | 9.85% | |
| COIN | D | 9.62% | |
| NU | C | 9.54% | |
| APP | B | 5.48% | |
| HOOD | D | 4.18% | |
| ARM | F | 3.87% | |
| CNM | A | 3.67% | |
| PATH | F | 2.73% | |
| ONON | D | 2.56% | |
| BZ | A | 2.42% | |
| DUOL | A | 2.41% | |
| RIVN | F | 2.26% | |
| YMM | A | 2.17% | |
| CFLT | F | 2.1% | |
| PCOR | D | 2.06% | |
| S | C | 1.91% | |
| GTLB | F | 1.86% | |
| MNDY | C | 1.74% | |
| RYAN | B | 1.74% | |
| DV | F | 1.57% | |
| EDR | A | 1.55% | |
| GFS | F | 1.4% | |
| HCP | A | 1.17% | |
| TPG | C | 1.16% | |
| GLBE | F | 1.14% | |
| FRSH | D | 1.09% | |
| DOCS | F | 0.99% | |
| MQ | D | 0.93% | |
| BRZE | F | 0.82% | |
| DOCN | C | 0.75% | |
| SQSP | B | 0.74% | |
| NUVL | C | 0.65% | |
| AGL | F | 0.54% | |
| YOU | F | 0.53% | |
| INFA | D | 0.51% | |
| BROS | F | 0.5% | |
| DLO | F | 0.48% | |
| BIRK | D | 0.42% | |
| PYCR | F | 0.42% | |
| FLNC | B | 0.36% | |
| PWSC | F | 0.36% | |
| ACT | A | 0.32% | |
| BLCO | F | 0.19% | |
| INST | F | 0.14% |
IPO: Top Represented Industries & Keywords
BMVP: Top Represented Industries & Keywords
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