IPO vs. BRAZ ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to Global X Brazil Active ETF (BRAZ)
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
$44.31
Average Daily Volume
23,663
17
BRAZ
Global X Brazil Active ETF
BRAZ Description
The fund is an actively managed exchange traded fund ("ETF") advised by Global X Management Company LLC (the "Adviser") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, measured at the time of purchase, in equity securities: (i) of issuers domiciled in Brazil; and/or (ii) that are tied economically to Brazil. The fund is non-diversified.Grade (RS Rating)
Last Trade
$23.03
Average Daily Volume
283
12
Performance
| Period | IPO | BRAZ |
|---|---|---|
| 30 Days | 1.07% | -4.69% |
| 60 Days | 4.26% | -8.64% |
| 90 Days | 9.86% | -10.27% |
| 12 Months | 36.10% | -14.94% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in BRAZ | Overlap | |
|---|---|---|---|---|---|
| NU | C | 9.95% | 9.66% | 9.66% |
IPO: Top Represented Industries & Keywords
BRAZ: Top Represented Industries & Keywords
Compare ETFs
