IPO vs. XHE ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to SPDR S&P Health Care Equipment (XHE)
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
$39.10
Average Daily Volume
51,092
45
XHE
SPDR S&P Health Care Equipment
XHE Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care equipment and supplies segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Equipment Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care equipment industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$86.13
Average Daily Volume
23,726
66
Performance
| Period | IPO | XHE |
|---|---|---|
| 30 Days | -2.61% | 0.55% |
| 60 Days | -2.61% | -0.55% |
| 90 Days | 12.65% | -0.20% |
| 12 Months | 39.65% | -11.69% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in XHE | Overlap |
|---|
IPO Overweight 45 Positions Relative to XHE
| Symbol | Grade | Weight | |
|---|---|---|---|
| KVUE | F | 9.85% | |
| COIN | D | 9.62% | |
| NU | C | 9.54% | |
| APP | B | 5.48% | |
| HOOD | C | 4.18% | |
| ARM | F | 3.87% | |
| CNM | B | 3.67% | |
| PATH | F | 2.73% | |
| ONON | C | 2.56% | |
| BZ | B | 2.42% | |
| DUOL | A | 2.41% | |
| RIVN | F | 2.26% | |
| CRBG | A | 2.24% | |
| YMM | B | 2.17% | |
| CFLT | D | 2.1% | |
| PCOR | D | 2.06% | |
| S | D | 1.91% | |
| GTLB | D | 1.86% | |
| MNDY | D | 1.74% | |
| RYAN | D | 1.74% | |
| DV | F | 1.57% | |
| EDR | A | 1.55% | |
| GFS | D | 1.4% | |
| HCP | B | 1.17% | |
| TPG | C | 1.16% | |
| GLBE | F | 1.14% | |
| FRSH | F | 1.09% | |
| DOCS | F | 0.99% | |
| MQ | D | 0.93% | |
| BRZE | F | 0.82% | |
| DOCN | D | 0.75% | |
| SQSP | B | 0.74% | |
| NUVL | D | 0.65% | |
| AGL | F | 0.54% | |
| YOU | F | 0.53% | |
| INFA | D | 0.51% | |
| BROS | D | 0.5% | |
| DLO | F | 0.48% | |
| BIRK | D | 0.42% | |
| PYCR | F | 0.42% | |
| FLNC | B | 0.36% | |
| PWSC | F | 0.36% | |
| ACT | A | 0.32% | |
| BLCO | F | 0.19% | |
| INST | F | 0.14% |
IPO Underweight 66 Positions Relative to XHE
| Symbol | Grade | Weight | |
|---|---|---|---|
| TMDX | A | -2.31% | |
| SWAV | A | -2.15% | |
| STAA | B | -2.05% | |
| INSP | B | -2.02% | |
| SILK | B | -2.02% | |
| PRCT | B | -2.02% | |
| TNDM | B | -1.94% | |
| UFPT | B | -1.94% | |
| LIVN | B | -1.91% | |
| HAE | A | -1.9% | |
| RMD | B | -1.87% | |
| GKOS | B | -1.86% | |
| LNTH | B | -1.77% | |
| RXST | B | -1.77% | |
| BSX | B | -1.75% | |
| MMSI | B | -1.67% | |
| ATEC | F | -1.66% | |
| MASI | B | -1.64% | |
| IRTC | D | -1.64% | |
| HOLX | C | -1.63% | |
| AXNX | C | -1.62% | |
| BDX | F | -1.6% | |
| NARI | F | -1.59% | |
| PODD | C | -1.56% | |
| ISRG | D | -1.56% | |
| ITGR | D | -1.56% | |
| MDT | D | -1.56% | |
| OMCL | C | -1.56% | |
| TFX | F | -1.55% | |
| ZBH | D | -1.55% | |
| ICUI | F | -1.54% | |
| NVST | F | -1.53% | |
| DXCM | D | -1.53% | |
| SYK | D | -1.51% | |
| BAX | F | -1.51% | |
| ALGN | F | -1.5% | |
| GMED | F | -1.5% | |
| EW | D | -1.5% | |
| ENOV | F | -1.47% | |
| XRAY | F | -1.47% | |
| STE | D | -1.44% | |
| ABT | F | -1.44% | |
| PEN | F | -1.38% | |
| GEHC | D | -1.37% | |
| IDXX | F | -1.37% | |
| OFIX | F | -1.32% | |
| CNMD | F | -1.32% | |
| IART | F | -1.3% | |
| NVCR | D | -1.26% | |
| SIBN | F | -1.24% | |
| NEOG | F | -1.23% | |
| TMCI | F | -1.19% | |
| AVNS | D | -1.14% | |
| NVRO | F | -1.12% | |
| ATRC | F | -1.12% | |
| LMAT | A | -1.07% | |
| VREX | F | -1.03% | |
| KIDS | B | -0.96% | |
| EMBC | F | -0.95% | |
| FNA | D | -0.85% | |
| ZIMV | D | -0.83% | |
| OSUR | F | -0.8% | |
| TCMD | F | -0.75% | |
| LUNG | D | -0.55% | |
| ATRI | B | -0.53% | |
| SRDX | B | -0.3% |
IPO: Top Represented Industries & Keywords
XHE: Top Represented Industries & Keywords
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