IPO vs. LBO ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to WHITEWOLF Publicly Listed Private Equity ETF (LBO)
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
$46.12
Average Daily Volume
29,831
17
LBO
WHITEWOLF Publicly Listed Private Equity ETF
LBO Description
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. It defines "listed private equity companies" as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers (collectively, "Listed Private Equity Companies") that are listed and traded on a U.S. national securities exchange. The fund is non-diversified.Grade (RS Rating)
Last Trade
$34.41
Average Daily Volume
1,372
36
Performance
| Period | IPO | LBO |
|---|---|---|
| 30 Days | 5.01% | 5.92% |
| 60 Days | 7.00% | 12.07% |
| 90 Days | 9.52% | 18.64% |
| 12 Months | 39.22% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in LBO | Overlap | |
|---|---|---|---|---|---|
| TPG | A | 3.62% | 6.58% | 3.62% |
IPO Underweight 35 Positions Relative to LBO
| Symbol | Grade | Weight | |
|---|---|---|---|
| KKR | A | -8.14% | |
| ARCC | A | -6.98% | |
| FSK | A | -6.85% | |
| OWL | A | -6.5% | |
| BX | A | -6.36% | |
| BXSL | A | -6.16% | |
| APO | B | -6.03% | |
| ARES | A | -5.23% | |
| CG | A | -4.98% | |
| HTGC | D | -4.49% | |
| HLNE | B | -3.08% | |
| GBDC | C | -3.03% | |
| PSEC | D | -2.58% | |
| CSWC | D | -2.31% | |
| GSBD | F | -2.09% | |
| BLK | C | -1.9% | |
| BBDC | A | -1.89% | |
| BCSF | C | -1.65% | |
| TRIN | A | -1.44% | |
| NMFC | D | -1.34% | |
| STEP | B | -1.15% | |
| PFLT | D | -1.12% | |
| TCPC | C | -1.11% | |
| CODI | B | -1.07% | |
| CGBD | D | -0.82% | |
| CION | C | -0.74% | |
| TSLX | C | -0.44% | |
| GCMG | B | -0.23% | |
| SCM | C | -0.2% | |
| PNNT | B | -0.2% | |
| FDUS | A | -0.16% | |
| SAR | A | -0.15% | |
| PX | A | -0.15% | |
| GAIN | C | -0.14% | |
| TPVG | C | -0.14% |
IPO: Top Represented Industries & Keywords
LBO: Top Represented Industries & Keywords
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