ACES vs. IPO ETF Comparison
Comparison of ALPS Clean Energy ETF (ACES) to Renaissance IPO ETF (IPO)
ACES
ALPS Clean Energy ETF
ACES Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the "underlying index"). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the "index provider"), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$26.72
Average Daily Volume
77,140
29
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
$39.61
Average Daily Volume
55,629
29
Performance
| Period | ACES | IPO |
|---|---|---|
| 30 Days | -0.96% | 8.63% |
| 60 Days | -9.21% | -3.84% |
| 90 Days | -12.53% | 0.48% |
| 12 Months | -32.98% | 20.38% |
ACES Overweight 27 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| TSLA | D | 6.79% | |
| DAR | D | 6.1% | |
| ITRI | D | 5.19% | |
| ORA | C | 4.93% | |
| ENPH | D | 4.9% | |
| RUN | B | 4.64% | |
| FSLR | C | 4.46% | |
| HASI | B | 4.31% | |
| ALB | F | 4.08% | |
| LCID | B | 3.97% | |
| NEP | F | 2.7% | |
| CWEN | B | 2.67% | |
| ASPN | C | 2.28% | |
| ANDE | D | 1.85% | |
| PLUG | F | 1.5% | |
| WOLF | F | 1.33% | |
| NOVA | B | 1.27% | |
| SHLS | F | 1.23% | |
| AMRC | B | 1.1% | |
| ARRY | F | 1.07% | |
| GPRE | F | 0.96% | |
| CHPT | F | 0.79% | |
| AMSC | D | 0.78% | |
| REX | F | 0.77% | |
| CLNE | D | 0.56% | |
| AMPS | D | 0.18% | |
| PLL | F | 0.16% |
ACES Underweight 27 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | -11.9% | |
| KVUE | A | -11.35% | |
| ARM | D | -7.0% | |
| HOOD | D | -6.44% | |
| ONON | B | -5.6% | |
| CNM | F | -3.84% | |
| DUOL | B | -3.76% | |
| CRBG | C | -3.64% | |
| RYAN | B | -3.19% | |
| GTLB | C | -2.71% | |
| S | D | -2.6% | |
| GFS | F | -2.21% | |
| TPG | B | -2.04% | |
| HCP | B | -1.57% | |
| BROS | D | -1.37% | |
| NUVL | A | -1.3% | |
| FRSH | F | -1.14% | |
| BRZE | F | -1.12% | |
| BIRK | F | -0.94% | |
| INFA | F | -0.77% | |
| RDDT | D | -0.73% | |
| PWSC | A | -0.65% | |
| ACT | A | -0.5% | |
| RBRK | D | -0.39% | |
| BLCO | C | -0.32% | |
| INST | D | -0.25% | |
| ZK | F | -0.16% |
ACES: Top Represented Industries & Keywords
IPO: Top Represented Industries & Keywords
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