IPO vs. SPRX ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to Spear Alpha ETF (SPRX)
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
SPRX
Spear Alpha ETF
SPRX Description
SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.Grade (RS Rating)
Last Trade
$26.16
Average Daily Volume
21,609
28
Performance
| Period | IPO | SPRX |
|---|---|---|
| 30 Days | 2.13% | 8.37% |
| 60 Days | 6.15% | 15.70% |
| 90 Days | 8.19% | 14.48% |
| 12 Months | 37.53% | 40.78% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in SPRX | Overlap | |
|---|---|---|---|---|---|
| GTLB | B | 4.71% | 2.12% | 2.12% |
IPO Underweight 27 Positions Relative to SPRX
| Symbol | Grade | Weight | |
|---|---|---|---|
| NVDA | B | -13.96% | |
| S | B | -9.02% | |
| MRVL | B | -7.22% | |
| TSLA | B | -7.18% | |
| ZS | B | -6.18% | |
| TER | F | -4.99% | |
| DDOG | A | -4.94% | |
| NET | B | -4.79% | |
| CEG | C | -4.65% | |
| CRDO | B | -3.42% | |
| ANET | C | -3.39% | |
| AMD | F | -3.34% | |
| ON | D | -2.97% | |
| WOLF | F | -2.83% | |
| SHOP | B | -2.72% | |
| CFLT | B | -2.42% | |
| COHR | B | -1.96% | |
| AMKR | D | -1.75% | |
| APH | A | -1.38% | |
| GEV | B | -1.13% | |
| CRWD | B | -1.08% | |
| SNOW | B | -0.97% | |
| NRG | B | -0.76% | |
| MU | D | -0.43% | |
| PANW | B | -0.2% | |
| RIO | D | -0.0% | |
| ROK | C | -0.0% |
IPO: Top Represented Industries & Keywords
SPRX: Top Represented Industries & Keywords
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