IPO vs. EVAV ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV)

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

Number of Holdings ^*

17

* may have additional holdings in another (foreign) market

EVAV

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

EVAV Description

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is an exchange traded fund launched by Direxion Investments. The fund is managed by Rafferty Asset Management, LLC. The fund invests in public equity markets of the United States. The fund invests through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as swaps and futures to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to track twice the daily performance of the Indxx US Electric and Autonomous Vehicles Index. Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares is domiciled in the United States.

Grade (RS Rating)

Last Trade

$19.07

Average Daily Volume

20,697

Number of Holdings ^*

15

* may have additional holdings in another (foreign) market

Performance

Period	IPO	EVAV
30 Days	2.13%	2.51%
60 Days	6.15%	14.69%
90 Days	8.19%	12.58%
12 Months	37.53%	-49.64%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in EVAV	Overlap
	RIVN	F	6.46%	5.02%	5.02%

IPO Overweight 16 Positions Relative to EVAV

	Symbol	Grade	Weight
	NU	C	9.95%
	KVUE	A	9.28%
	ARM	F	8.6%
	CRBG	B	5.74%
	GTLB	B	4.71%
	TPG	A	3.62%
	HCP	B	3.13%
	GFS	C	2.72%
	RDDT	A	2.19%
	RBRK	A	1.62%
	BRZE	C	1.56%
	INFA	D	1.34%
	BIRK	D	1.15%
	FLNC	D	0.8%
	BLCO	B	0.52%
	ZK	D	0.4%

IPO Underweight 14 Positions Relative to EVAV

	Symbol	Grade	Weight
	XPEV	C	-6.12%
	TSLA	B	-6.06%
	NIO	F	-4.51%
	LI	F	-4.12%
	INDI	C	-3.72%
	LAZR	D	-3.68%
	CRNC	C	-3.06%
	BWA	D	-2.94%
	GNTX	C	-2.92%
	EH	D	-2.9%
	PSNY	F	-2.64%
	CHPT	F	-2.46%
	LCID	F	-2.37%
	QS	F	-2.13%

IPO: Top Represented Industries & Keywords

Industries: Software - Infrastructure Asset Management Auto Manufacturers Semiconductors Software - Application Banks - Diversified Footwear & Accessories Household & Personal Products Internet Content & Information Medical Instruments & Supplies Utilities - Renewable

Keywords: Computing Nasdaq 100 Advisory Services Bank Banking Data Management Electric Vehicle Fabless Semiconductor Companies Semiconductor Allergy Alternative Payments Annuities Artificial Intelligence Backup Software Baseband Processor Brokerage Products Business Process Management Care Products Cars Cataract Surgery

EVAV: Top Represented Industries & Keywords

Industries: Auto Manufacturers Auto Parts Aerospace & Defense Conglomerates Software - Application

Keywords: Electric Vehicle Transport Cars Motor Vehicles Nasdaq 100 Artificial Intelligence Automotive Manufacturers Charging Station Electric Vehicle Industry In China Powertrain S&P 500 Sport Utility Vehicle Actuator Aircraft Aircraft Manufacturers Alarms Artificial Intelligence Services Automotive Systems Aviation Axle