IPO vs. MILN ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to Global X Millennials Thematic ETF (MILN)

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

$37.98

Average Daily Volume

57,239

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MILN

Global X Millennials Thematic ETF

MILN Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX Millennials Thematic Index. The fund invests more than 80% of its total assets in the securities of the underlying index. The underlying index is designed to measure the performance of U.S. listed companies that provide exposure to the millennial generation, as defined by the index provider. The millennial generation refers to the demographic cohort in the U.S. with birth years ranging from 1980 to 2000. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.03

Average Daily Volume

12,546

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPO	MILN
30 Days	-9.50%	-3.80%
60 Days	0.43%	-0.58%
90 Days	8.11%	4.38%
12 Months	37.42%	28.79%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in MILN	Overlap
	PWSC	F	0.38%	0.22%	0.22%

IPO Overweight 44 Positions Relative to MILN

Symbol	Grade	Weight
KVUE	F	10.37%
NU	C	9.61%
COIN	D	8.98%
APP	B	5.42%
ARM	F	4.21%
HOOD	B	4.11%
CNM	A	3.62%
PATH	D	2.77%
ONON	D	2.68%
CRBG	B	2.27%
RIVN	F	2.25%
BZ	A	2.25%
DUOL	B	2.18%
PCOR	D	2.17%
CFLT	C	2.02%
YMM	A	1.93%
S	C	1.89%
RYAN	D	1.85%
GTLB	C	1.85%
MNDY	D	1.74%
DV	F	1.61%
EDR	A	1.58%
GFS	F	1.41%
TPG	C	1.17%
GLBE	F	1.17%
DOCS	F	1.08%
FRSH	D	1.08%
MQ	F	0.96%
HCP	A	0.87%
BRZE	D	0.8%
DOCN	F	0.77%
SQSP	A	0.75%
NUVL	C	0.64%
YOU	F	0.59%
INFA	D	0.57%
BROS	D	0.55%
AGL	F	0.55%
DLO	F	0.54%
PYCR	D	0.42%
BIRK	D	0.41%
FLNC	D	0.35%
ACT	A	0.33%
BLCO	D	0.19%
INST	F	0.14%

IPO Underweight 78 Positions Relative to MILN

Symbol	Grade	Weight
UBER	D	-5.56%
META	D	-5.52%
AMZN	B	-4.31%
CMG	A	-4.2%
NFLX	D	-4.06%
SPOT	B	-3.86%
GOOGL	A	-3.63%
COST	C	-3.61%
INTU	C	-3.46%
ABNB	B	-3.44%
BKNG	C	-3.32%
HD	D	-2.9%
LOW	C	-2.89%
DIS	D	-2.82%
SQ	D	-2.76%
AAPL	F	-2.52%
LULU	D	-2.44%
PYPL	A	-2.09%
SBUX	F	-2.07%
EBAY	A	-1.96%
CVNA	B	-1.92%
NKE	F	-1.89%
AVB	A	-1.86%
EQR	A	-1.69%
SE	A	-1.66%
INVH	B	-1.48%
EXPE	B	-1.38%
SNAP	C	-1.07%
UDR	A	-0.87%
DKS	A	-0.87%
KMX	D	-0.78%
CPT	A	-0.74%
MTCH	F	-0.65%
ETSY	F	-0.6%
SKX	C	-0.55%
AN	A	-0.52%
SFM	A	-0.49%
LYFT	D	-0.43%
W	F	-0.39%
SLM	A	-0.39%
LRN	B	-0.37%
PLNT	F	-0.36%
VFC	D	-0.36%
CPRI	F	-0.35%
TRIP	C	-0.34%
COLM	B	-0.34%
PRDO	B	-0.32%
YELP	B	-0.32%
GHC	C	-0.31%
CARG	B	-0.31%
CSR	A	-0.3%
LAUR	A	-0.3%
HIMS	D	-0.3%
CAR	F	-0.29%
LC	C	-0.28%
COUR	F	-0.27%
CRI	D	-0.26%
STRA	A	-0.26%
NNI	A	-0.26%
VMEO	F	-0.25%
IRT	B	-0.25%
DBI	D	-0.25%
ANGI	D	-0.24%
ZG	D	-0.23%
CARS	D	-0.21%
LTH	D	-0.2%
UAA	D	-0.19%
ZIP	F	-0.15%
ACCD	D	-0.15%
VSCO	F	-0.13%
IHRT	D	-0.12%
CHGG	F	-0.1%
GPRO	F	-0.09%
PTON	F	-0.08%
MED	F	-0.08%
PLCE	F	-0.07%
AMWL	F	-0.06%
TWOU	F	-0.01%