IPO vs. FSYD ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to Fidelity Sustainable High Yield ETF (FSYD)
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
45
FSYD
Fidelity Sustainable High Yield ETF
FSYD Description
Fidelity Sustainable High Yield ETF is an exchange traded fund launched and managed by Fidelity Management & Research Company LLC. The fund is co-managed by Fidelity Management & Research (Hong Kong) Limited, Fidelity Management & Research (Japan) Limited, Fidelity Management & Research (U.K.) Limited. It invests in fixed income markets of global region. The fund invests in corporate bonds, government securities, repurchase agreements, money market securities, mortgage and other asset-backed securities, loans and loan participations, and other securities believed to have debt-like characteristics, including hybrids and synthetic securities that are rated below investment grade. It invests in securities of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up securities picking approach to create its portfolio. The fund employs proprietary research to create its portfolio. Fidelity Sustainable High Yield ETF is domiciled in the United States.Grade (RS Rating)
Last Trade
$46.55
Average Daily Volume
5,082
8
Performance
| Period | IPO | FSYD |
|---|---|---|
| 30 Days | -5.01% | 0.69% |
| 60 Days | -3.09% | 1.10% |
| 90 Days | 9.84% | 1.66% |
| 12 Months | 40.33% | 9.84% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in FSYD | Overlap | |
|---|---|---|---|---|---|
| BLCO | F | 0.19% | 0.02% | 0.02% |
IPO Overweight 44 Positions Relative to FSYD
| 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% | |
| INST | F | 0.14% |
IPO: Top Represented Industries & Keywords
FSYD: Top Represented Industries & Keywords
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