IPO vs. DIVP ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to Cullen Enhanced Equity Income ETF (DIVP)
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
$45.56
Average Daily Volume
29,456
17
DIVP
Cullen Enhanced Equity Income ETF
DIVP Description
DIVP invests in large- and mid-cap value stocks that generally have higher dividend yield than the average of the funds US benchmark. The fund identifies value stocks that have low price-to-earnings ratio with above-average earnings and dividend growth potential. Companies are screened using fundamental research. The fund may invest up to 30% in non-US companies in the form of ADRs. While the portfolio is not rebalanced systematically, weighting is roughly equal to avoid overweighting of individual securities. To generate additional income, the fund selectively writes covered call options with a target range of between 25-40%. However, the covered call overlay limits participation in potential gains if shares increase in value. The adviser may sell stocks that are no longer viewed as attractive based on growth potential, dividend yield, or price. As an actively managed ETF, the fund manager has full discretion to make buy, hold, or sell decisions at any time.Grade (RS Rating)
Last Trade
$26.90
Average Daily Volume
1,551
32
Performance
| Period | IPO | DIVP |
|---|---|---|
| 30 Days | 2.13% | 1.33% |
| 60 Days | 6.15% | 1.78% |
| 90 Days | 8.19% | 3.75% |
| 12 Months | 37.53% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in DIVP | Overlap | |
|---|---|---|---|---|---|
| KVUE | A | 9.28% | 3.28% | 3.28% |
IPO Underweight 31 Positions Relative to DIVP
| Symbol | Grade | Weight | |
|---|---|---|---|
| CSCO | B | -4.46% | |
| EOG | A | -4.39% | |
| BMY | B | -4.1% | |
| MDT | D | -3.88% | |
| VICI | C | -3.83% | |
| DUK | C | -3.6% | |
| PPL | A | -3.6% | |
| CVX | A | -3.51% | |
| PM | B | -3.47% | |
| C | A | -3.35% | |
| TFC | A | -3.34% | |
| BAC | A | -3.33% | |
| CAG | F | -3.25% | |
| VZ | C | -3.24% | |
| CMCSA | B | -3.23% | |
| XOM | B | -3.22% | |
| MRK | D | -3.12% | |
| SYY | D | -2.92% | |
| RTX | D | -2.89% | |
| DOC | C | -2.86% | |
| MO | A | -2.73% | |
| BAX | F | -2.67% | |
| IBM | C | -2.62% | |
| JCI | B | -2.55% | |
| JPM | A | -2.41% | |
| TRV | B | -2.21% | |
| DOW | F | -2.1% | |
| GD | D | -2.03% | |
| RIO | D | -1.81% | |
| GPC | D | -1.81% | |
| UPS | C | -1.75% |
IPO: Top Represented Industries & Keywords
DIVP: Top Represented Industries & Keywords
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