IPO vs. IGV ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to iShares Expanded Tech-Software Sector ETF (IGV)
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

$41.52

Average Daily Volume

67,139

Number of Holdings *

44

* may have additional holdings in another (foreign) market
IGV

iShares Expanded Tech-Software Sector ETF

IGV Description The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$85.27

Average Daily Volume

2,837,551

Number of Holdings *

114

* may have additional holdings in another (foreign) market
Performance
Period IPO IGV
30 Days 5.95% -0.32%
60 Days 19.83% 0.54%
90 Days 10.10% 5.11%
12 Months 48.07% 44.37%
12 Overlapping Holdings
Symbol Grade Weight in IPO Weight in IGV Overlap
APP B 4.93% 0.39% 0.39%
BRZE D 0.91% 0.11% 0.11%
CFLT C 1.99% 0.29% 0.29%
DV D 1.59% 0.19% 0.19%
FRSH F 0.99% 0.13% 0.13%
GTLB D 1.81% 0.22% 0.22%
HCP C 0.89% 0.13% 0.13%
PATH D 2.97% 0.4% 0.4%
PCOR A 2.2% 0.3% 0.3%
PWSC D 0.4% 0.05% 0.05%
S D 1.82% 0.24% 0.24%
YOU C 0.59% 0.07% 0.07%
IPO Overweight 32 Positions Relative to IGV
Symbol Grade Weight
COIN C 10.43%
KVUE D 9.87%
NU B 9.63%
ARM C 4.81%
HOOD C 4.08%
CNM A 3.36%
ONON C 2.47%
RIVN F 2.44%
DUOL C 2.25%
CRBG B 2.17%
BZ C 2.03%
MNDY B 1.88%
RYAN B 1.82%
YMM C 1.67%
GFS F 1.38%
EDR B 1.37%
GLBE D 1.13%
TPG B 1.1%
DOCS D 1.03%
MQ D 0.93%
DOCN C 0.8%
SQSP B 0.69%
NUVL D 0.68%
BROS C 0.54%
INFA A 0.53%
DLO F 0.47%
AGL F 0.47%
PYCR F 0.42%
FLNC F 0.31%
ACT B 0.3%
BLCO D 0.2%
INST F 0.14%
IPO Underweight 102 Positions Relative to IGV
Symbol Grade Weight
MSFT A -8.9%
CRM B -8.65%
ORCL B -8.31%
ADBE F -7.8%
INTU C -7.36%
NOW B -4.78%
SNPS C -3.82%
PANW D -3.77%
CDNS B -3.65%
CRWD C -3.12%
ROP B -2.47%
WDAY D -2.4%
ADSK C -2.36%
PLTR C -1.96%
FTNT C -1.82%
DDOG D -1.54%
EA D -1.34%
FICO C -1.32%
HUBS C -1.3%
TEAM F -1.29%
ANSS B -1.26%
TTWO D -1.0%
MSTR C -0.99%
PTC B -0.94%
TYL D -0.74%
ZS D -0.73%
ZM D -0.71%
MANH C -0.65%
NTNX B -0.63%
GEN C -0.52%
BSY C -0.5%
DOCU C -0.5%
SNAP F -0.48%
DT F -0.46%
OTEX D -0.45%
GWRE D -0.39%
ESTC D -0.34%
DSGX B -0.33%
U F -0.28%
SPSC D -0.28%
BILL F -0.27%
IOT C -0.27%
QLYS D -0.26%
DBX F -0.26%
TENB C -0.24%
AZPN C -0.23%
VRNS D -0.22%
SMAR F -0.22%
DLB C -0.21%
ALTR D -0.2%
APPF B -0.2%
MARA D -0.2%
FIVN F -0.19%
CVLT A -0.18%
WK F -0.17%
BOX C -0.17%
TDC F -0.16%
ACIW B -0.15%
ALRM C -0.15%
CCCS C -0.14%
BLKB F -0.13%
RNG C -0.13%
QTWO B -0.13%
RPD F -0.13%
BL C -0.13%
PEGA C -0.12%
SPT D -0.12%
ENV C -0.11%
IDCC D -0.11%
AI D -0.11%
RAMP D -0.1%
PRGS F -0.1%
RIOT F -0.1%
PD F -0.09%
CWAN D -0.09%
VYX F -0.08%
NCNO D -0.08%
LSPD F -0.08%
AUR F -0.08%
VRNT C -0.08%
CXM D -0.07%
APPN D -0.07%
AGYS D -0.07%
ZETA B -0.07%
VERX C -0.06%
EVBG B -0.06%
BB F -0.06%
PRO C -0.06%
INTA F -0.05%
ADEA D -0.05%
ZUO D -0.05%
ASAN F -0.05%
NABL F -0.04%
JAMF F -0.04%
MODN D -0.04%
ATEN C -0.04%
ALKT D -0.04%
SWI C -0.03%
AVPT C -0.03%
ETWO C -0.03%
MLNK F -0.02%
MTTR F -0.02%
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