IPO vs. FFTY ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to Innovator IBD 50 Fund ETF (FFTY)

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

$38.52

Average Daily Volume

51,952

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFTY

Innovator IBD 50 Fund ETF

FFTY Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in companies included in the IBD® 50 Index. It is actively managed. Under normal circumstances, the fund will invest in a portfolio of U.S.-listed, exchange-traded equities. FFTY picks 50 leading growth companies that trade on US exchanges, potentially including ADRs. After screening out securities with extreme recent price movements, the universe is ranked by a composite of 11 different fundamental and technical metrics. The top 50 stocks are weighted in tiers, with more weight given to higher-ranking companies. Components of the index are reviewed on a weekly basis. Based on market-wide technical signals, FFTY may substitute half of its equity portfolio with Treasury bills. The index will remain half equity, half T-bills until a reversal signal occurs. Its worth noting that the funds high-turnover strategy could lead to poor tracking and/or taxable capital gains payouts.

Grade (RS Rating)

Last Trade

$26.64

Average Daily Volume

68,893

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPO	FFTY
30 Days	-5.01%	-1.99%
60 Days	-3.09%	-3.93%
90 Days	9.84%	2.50%
12 Months	40.33%	19.07%

0 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in FFTY	Overlap

IPO Overweight 45 Positions Relative to FFTY

Symbol	Grade	Weight
KVUE	D	9.85%
COIN	D	9.62%
NU	C	9.54%
APP	B	5.48%
HOOD	C	4.18%
ARM	F	3.87%
CNM	A	3.67%
PATH	D	2.73%
ONON	C	2.56%
BZ	A	2.42%
DUOL	A	2.41%
RIVN	F	2.26%
CRBG	A	2.24%
YMM	A	2.17%
CFLT	D	2.1%
PCOR	D	2.06%
S	D	1.91%
GTLB	F	1.86%
MNDY	D	1.74%
RYAN	D	1.74%
DV	D	1.57%
EDR	A	1.55%
GFS	D	1.4%
HCP	B	1.17%
TPG	C	1.16%
GLBE	F	1.14%
FRSH	F	1.09%
DOCS	F	0.99%
MQ	D	0.93%
BRZE	D	0.82%
DOCN	D	0.75%
SQSP	B	0.74%
NUVL	D	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 Underweight 50 Positions Relative to FFTY

Symbol	Grade	Weight
WING	A	-3.76%
EME	A	-3.74%
RCL	A	-3.62%
PRCT	A	-3.58%
FIX	C	-3.56%
TDW	A	-3.52%
OSCR	A	-3.5%
NSSC	B	-3.28%
AAON	C	-3.19%
GCT	B	-3.14%
PWR	A	-3.11%
MMYT	B	-3.07%
ETN	A	-3.04%
LPG	B	-3.01%
DDOG	C	-3.0%
PR	B	-2.95%
CLSK	C	-2.94%
FTAI	A	-2.91%
HUBS	D	-2.82%
ACMR	D	-2.76%
TMDX	A	-2.15%
AXON	A	-2.1%
FCNCA	B	-2.09%
NTRA	A	-2.06%
OWL	C	-2.04%
IBKR	A	-2.02%
ARES	C	-1.99%
NVT	A	-1.98%
AXP	B	-1.98%
HUBB	D	-1.89%
GOOGL	A	-1.04%
GOOG	A	-1.04%
AVAV	B	-1.03%
IR	D	-1.02%
PHM	A	-1.01%
PDD	B	-1.0%
ITCI	C	-1.0%
C	A	-1.0%
NCLH	F	-0.99%
TCOM	A	-0.97%
TXRH	A	-0.52%
NVEI	B	-0.51%
KSPI	B	-0.51%
LMND	B	-0.5%
CTAS	A	-0.5%
BSX	A	-0.5%
POWL	B	-0.49%
DB	B	-0.49%
APO	D	-0.49%
WHD	B	-0.48%