IPO vs. IVES ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to Wedbush ETFMG Global Cloud Technology ETF (IVES)
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
$45.56
Average Daily Volume
29,456
17
IVES
Wedbush ETFMG Global Cloud Technology ETF
IVES Description
The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”Grade (RS Rating)
Last Trade
$49.21
Average Daily Volume
1,131
36
Performance
| Period | IPO | IVES |
|---|---|---|
| 30 Days | 2.13% | 7.17% |
| 60 Days | 6.15% | 5.41% |
| 90 Days | 8.19% | 7.27% |
| 12 Months | 37.53% | 43.26% |
IPO Underweight 34 Positions Relative to IVES
| Symbol | Grade | Weight | |
|---|---|---|---|
| TEAM | A | -3.08% | |
| CFLT | B | -2.89% | |
| MRVL | B | -2.71% | |
| NVDA | B | -2.55% | |
| APPN | B | -2.53% | |
| VRT | B | -2.52% | |
| DELL | B | -2.43% | |
| AMZN | C | -2.4% | |
| CDNS | B | -2.38% | |
| SNPS | B | -2.38% | |
| ORCL | A | -2.38% | |
| MDB | B | -2.36% | |
| SNOW | B | -2.35% | |
| GOOGL | C | -2.33% | |
| INTC | C | -2.29% | |
| CIEN | C | -2.28% | |
| HPE | B | -2.26% | |
| HPQ | B | -2.21% | |
| MSFT | D | -2.18% | |
| MU | D | -2.18% | |
| DDOG | A | -2.16% | |
| AVGO | D | -2.14% | |
| ANET | C | -2.14% | |
| JNPR | D | -2.13% | |
| AAPL | C | -2.12% | |
| NTAP | C | -2.1% | |
| QCOM | F | -2.08% | |
| WDC | D | -2.07% | |
| IBM | C | -2.0% | |
| DOCN | C | -1.92% | |
| AMD | F | -1.8% | |
| BABA | D | -1.7% | |
| MPWR | F | -1.48% | |
| SMCI | F | -1.13% |
IPO: Top Represented Industries & Keywords
IVES: Top Represented Industries & Keywords
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