XTN vs. IPO ETF Comparison

Comparison of SPDR S&P Transportation ETF (XTN) to Renaissance IPO ETF (IPO)

XTN

SPDR S&P Transportation ETF

XTN 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 transportation segment of a U.S. total market composite index. In seeking to track the performance of the S&P Transportation 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 transportation industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$79.33

Average Daily Volume

12,511

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$37.63

Average Daily Volume

62,747

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XTN	IPO
30 Days	-1.01%	-5.57%
60 Days	-5.82%	-2.59%
90 Days	2.15%	8.16%
12 Months	11.61%	32.69%

0 Overlapping Holdings

	Symbol	Grade	Weight in XTN	Weight in IPO	Overlap

XTN Overweight 43 Positions Relative to IPO

Symbol	Grade	Weight
ALK	C	2.84%
FDX	B	2.79%
KEX	A	2.74%
DAL	B	2.73%
CAR	F	2.68%
ARCB	C	2.64%
MATX	D	2.6%
GXO	D	2.58%
R	B	2.58%
UAL	C	2.56%
ODFL	B	2.56%
SKYW	B	2.53%
LSTR	D	2.52%
XPO	C	2.51%
LYFT	C	2.48%
WERN	F	2.46%
CHRW	D	2.46%
SAIA	C	2.45%
UPS	D	2.45%
HUBG	D	2.44%
JBHT	D	2.44%
GNK	C	2.44%
UBER	C	2.42%
NSC	B	2.41%
HTZ	F	2.41%
SAVE	F	2.4%
EXPD	D	2.4%
KNX	D	2.39%
UNP	D	2.39%
AAL	D	2.39%
SNDR	F	2.39%
JBLU	C	2.36%
CSX	C	2.36%
JOBY	F	2.26%
ALGT	F	2.25%
FWRD	F	2.24%
RXO	D	2.23%
LUV	F	2.03%
ATSG	F	1.77%
UHAL	C	1.33%
SNCY	D	1.3%
MRTN	F	1.0%
HTLD	F	0.69%

XTN Underweight 44 Positions Relative to IPO

Symbol	Grade	Weight
KVUE	C	-10.1%
COIN	C	-9.77%
NU	C	-9.55%
APP	C	-5.41%
ARM	C	-4.54%
HOOD	B	-4.1%
CNM	B	-3.51%
PATH	D	-2.88%
RIVN	F	-2.45%
ONON	C	-2.39%
DUOL	C	-2.26%
BZ	C	-2.26%
CRBG	B	-2.19%
PCOR	B	-2.12%
CFLT	C	-2.0%
S	D	-1.88%
YMM	C	-1.86%
GTLB	D	-1.86%
RYAN	B	-1.75%
MNDY	C	-1.74%
DV	D	-1.65%
EDR	B	-1.47%
GFS	F	-1.37%
GLBE	F	-1.14%
TPG	C	-1.13%
DOCS	D	-1.03%
FRSH	F	-1.02%
MQ	D	-0.96%
HCP	C	-0.9%
BRZE	F	-0.79%
DOCN	C	-0.77%
SQSP	B	-0.74%
NUVL	D	-0.62%
INFA	C	-0.58%
YOU	C	-0.57%
BROS	C	-0.55%
AGL	F	-0.55%
DLO	F	-0.53%
PWSC	F	-0.42%
PYCR	F	-0.41%
FLNC	F	-0.34%
ACT	A	-0.31%
BLCO	C	-0.19%
INST	F	-0.14%