IPO vs. XITK ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to SPDR FactSet Innovative Technology ETF (XITK)

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

$39.77

Average Daily Volume

45,917

Number of Holdings ^*

45

* may have additional holdings in another (foreign) market

XITK

SPDR FactSet Innovative Technology ETF

XITK Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index. The index is designed to represent the performance of U.S.-listed stock and American Depository Receipts of Technology companies and Technology-related companies within the most innovative segments of the Technology sector and Electronic Media sub-sector of the Media sector, as defined by FactSet Research Systems, Inc. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$144.62

Average Daily Volume

4,456

Number of Holdings ^*

98

* may have additional holdings in another (foreign) market

Performance

Period	IPO	XITK
30 Days	0.05%	2.27%
60 Days	-2.03%	-0.58%
90 Days	3.28%	-5.42%
12 Months	33.02%	27.79%

12 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in XITK	Overlap
	APP	B	5.41%	1.89%	1.89%
	BRZE	F	0.82%	0.72%	0.72%
	DOCN	C	0.8%	1.03%	0.8%
	DOCS	F	1.02%	0.93%	0.93%
	DUOL	D	2.49%	1.1%	1.1%
	DV	F	1.58%	0.53%	0.53%
	GFS	C	1.41%	0.95%	0.95%
	GTLB	F	1.84%	0.85%	0.85%
	HCP	C	1.19%	1.5%	1.19%
	MNDY	F	1.72%	1.0%	1.0%
	PATH	D	2.73%	0.77%	0.77%
	S	D	1.92%	0.83%	0.83%

IPO Overweight 33 Positions Relative to XITK

	Symbol	Grade	Weight
	KVUE	C	10.04%
	NU	C	9.52%
	COIN	D	9.37%
	HOOD	C	4.14%
	ARM	F	3.74%
	CNM	B	3.73%
	ONON	C	2.57%
	RIVN	D	2.47%
	BZ	A	2.46%
	CRBG	B	2.36%
	YMM	B	2.2%
	PCOR	F	2.05%
	CFLT	C	2.0%
	RYAN	C	1.89%
	EDR	A	1.55%
	TPG	D	1.16%
	GLBE	F	1.11%
	MQ	F	0.97%
	FRSH	F	0.88%
	SQSP	A	0.72%
	NUVL	D	0.71%
	YOU	F	0.55%
	AGL	D	0.52%
	INFA	D	0.49%
	DLO	F	0.48%
	BROS	B	0.47%
	BIRK	C	0.42%
	FLNC	D	0.42%
	PYCR	F	0.4%
	PWSC	F	0.35%
	ACT	A	0.33%
	BLCO	F	0.18%
	INST	F	0.14%

IPO Underweight 86 Positions Relative to XITK

	Symbol	Grade	Weight
	SMCI	D	-2.92%
	PI	A	-1.88%
	NVDA	B	-1.81%
	TOST	B	-1.67%
	QTWO	B	-1.55%
	ARLO	D	-1.44%
	SPOT	C	-1.44%
	ONTO	B	-1.41%
	KD	A	-1.37%
	META	D	-1.34%
	OKTA	D	-1.3%
	PUBM	C	-1.26%
	NFLX	C	-1.26%
	CRWD	B	-1.25%
	DAKT	B	-1.23%
	KLAC	A	-1.23%
	MPWR	B	-1.18%
	TTD	C	-1.16%
	PINS	B	-1.16%
	VEEV	D	-1.13%
	AMD	D	-1.13%
	PEGA	D	-1.12%
	CYBR	D	-1.12%
	JAMF	D	-1.1%
	DOCU	B	-1.1%
	SEIC	D	-1.09%
	IOT	B	-1.09%
	FTNT	F	-1.09%
	PRFT	C	-1.08%
	PAR	C	-1.07%
	ASGN	C	-1.05%
	SSNC	B	-1.05%
	TENB	F	-1.04%
	CHKP	D	-1.02%
	VRNS	D	-1.0%
	MGNI	D	-1.0%
	NCNO	D	-1.0%
	AEIS	C	-1.0%
	SPSC	C	-0.99%
	DDOG	D	-0.99%
	SQ	D	-0.98%
	MXL	F	-0.98%
	INTA	C	-0.96%
	DOX	F	-0.95%
	ALIT	F	-0.93%
	CTSH	D	-0.92%
	RBLX	F	-0.91%
	AGYS	A	-0.91%
	G	C	-0.9%
	EPAM	F	-0.9%
	CWAN	C	-0.89%
	RAMP	F	-0.89%
	MDB	F	-0.88%
	EA	F	-0.86%
	Z	F	-0.85%
	APPN	F	-0.84%
	SMAR	C	-0.84%
	PDFS	C	-0.84%
	ZS	F	-0.82%
	DT	D	-0.81%
	UPWK	C	-0.81%
	SITM	C	-0.8%
	TWLO	C	-0.79%
	GLOB	F	-0.79%
	OLO	F	-0.78%
	PRO	F	-0.78%
	ZIP	F	-0.77%
	LSPD	F	-0.76%
	ZI	F	-0.74%
	QLYS	F	-0.74%
	FVRR	C	-0.73%
	ASAN	D	-0.73%
	CLVT	F	-0.73%
	TDC	F	-0.72%
	U	F	-0.7%
	CALX	F	-0.69%
	RPD	F	-0.64%
	CNXC	D	-0.62%
	RIOT	F	-0.62%
	UPST	D	-0.59%
	IAS	F	-0.57%
	OPEN	F	-0.55%
	ROKU	D	-0.55%
	FSLY	F	-0.46%
	APPS	D	-0.33%
	YNDX	C	-0.0%

IPO: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Asset Management Insurance - Specialty Semiconductors Apparel Retail Auto Manufacturers Banks - Diversified Biotechnology Entertainment Footwear & Accessories Health Information Services Household & Personal Products Industrial Distribution Internet Retail Medical Care Facilities Medical Instruments & Supplies Restaurants Staffing & Employment Services Telecom Services

Keywords: Computing Artificial Intelligence Software Advisory Services Business Process Management Cloud Computing Cloud Infrastructure Payment Systems Bank Banking Business Software Cryptocurrency E Commerce Education Fabless Semiconductor Companies Fintech Footwear Genworth Financial Information Technology Management Insurance

XITK: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Information Technology Services Semiconductors Internet Content & Information Business Services Electronic Components Real Estate Services Semiconductor Equipment & Materials Advertising Agencies Asset Management Capital Markets Communication Equipment Computer Hardware Computer Systems Conglomerates Credit Services Data Storage Electronic Gaming & Multimedia Electronic Gaming & Multimedia

Keywords: Computing Nasdaq 100 Cloud Computing Mobile Devices Cloud Infrastructure S&P 500 Computer Security Cybersecurity Information Technology Management Semiconductor Software Telecommunications Business Intelligence Business Process Management Software As A Service Artificial Intelligence Banking Customer Relationship Management Integrated Circuits CRM