IPO vs. QQQA ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)
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

$45.41

Average Daily Volume

28,650

Number of Holdings *

17

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

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

QQQA Description ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating in the non-financial companies. The fund invests in momentum stocks of large cap companies. It replicates the performance of Nasdaq-100 Dorsey Wright Select Index. ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF was formed on May 18, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$46.20

Average Daily Volume

2,702

Number of Holdings *

21

* may have additional holdings in another (foreign) market
Performance
Period IPO QQQA
30 Days 1.79% 4.52%
60 Days 5.80% 7.67%
90 Days 7.83% 8.83%
12 Months 37.08% 26.58%
1 Overlapping Holdings
Symbol Grade Weight in IPO Weight in QQQA Overlap
ARM F 8.6% 4.1% 4.1%
IPO Overweight 16 Positions Relative to QQQA
Symbol Grade Weight
NU C 9.95%
KVUE A 9.28%
RIVN F 6.46%
CRBG B 5.74%
GTLB B 4.71%
TPG A 3.62%
HCP B 3.13%
GFS C 2.72%
RDDT A 2.19%
RBRK A 1.62%
BRZE C 1.56%
INFA D 1.34%
BIRK D 1.15%
FLNC D 0.8%
BLCO B 0.52%
ZK D 0.4%
IPO Underweight 20 Positions Relative to QQQA
Symbol Grade Weight
TSLA B -6.5%
BKNG A -5.31%
DASH B -5.3%
NFLX A -5.28%
AMZN C -5.1%
TMUS B -5.08%
ISRG A -5.05%
NVDA B -4.96%
TTD B -4.86%
PYPL B -4.85%
CTAS B -4.75%
SBUX A -4.73%
COST A -4.73%
ILMN C -4.45%
META D -4.45%
QCOM F -4.39%
AVGO D -4.27%
MELI C -4.09%
CEG C -3.85%
AMD F -3.76%
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