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ETFs

Renaissance IPO ETF

IPO
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 16 2013
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Renaissance
Volume (1m avg. daily)
$1,843,839
AUM
$181,917,650
Associated Index
Renaissance IPO Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

KVUE
Kenvue Inc
9.96%
ABNB
Airbnb Inc - Ordinary Shares - Class A
9.71%
PLTR
Palantir Technologies Inc - Ordinary Shares - Class A
7.39%
DASH
DoorDash Inc - Ordinary Shares - Class A
6.42%
CPNG
Coupang Inc - Ordinary Shares - Class A
5.25%
NU
Nu Holdings Ltd - Ordinary Shares Class A
4.41%
RIVN
Rivian Automotive Inc - Ordinary Shares - Class A
3.81%
COIN
Coinbase Global Inc - Ordinary Shares - Class A
3.30%
RBLX
Roblox Corporation - Ordinary Shares - Class A
3.26%
BSY
Bentley Systems Inc - Ordinary Shares - Class B
2.62%
Invest with IPO

What is IPO?

The Renaissance IPO ETF, a series of Renaissance Capital Greenwich Fund (the Trust ), seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index.

ETFs related toIPO

ETFs correlated to IPO include ARKW, ARKF, ARKK

IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
WCLD
WisdomTree Trust - WisdomTree Cloud Computing Fund
XSW
SPDR Series Trust - SPDR S&P Software & Services ETF
THNQ
Exchange Traded Concepts Trust - ROBO Global Artificial Intelligence ETF
FDN
First Trust Exchange-Traded Fund III - First Trust Dow Jones Internet Index Fund
WEBL
Direxion Shares ETF Trust - Direxion Daily Dow Jones Internet Bull 3X Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIPO

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

Create your own algorithmic trading strategy with IPO using Composer

FAQ

IPO is a US Equities ETF. The Renaissance IPO ETF, a series of Renaissance Capital Greenwich Fund (the Trust ), seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index.

IPO tracks the Renaissance IPO Index.

No, IPO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IPO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IPO is 0.0028%. This is the percent change in the value of IPO over the most recent 1-month period. The 3-month return on IPO is 0.0022%. This is the percent change in the value of IPO over the most recent 3-month period.

The standard deviation of IPO for the past year is 0.3508%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IPO include SPHQ, DSI, and QUAL.

ETFs correlated to IPO include ARKW, ARKF, and ARKK.

ETFs that are inversely correlated to IPO include SARK, WEBS, and BTAL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.