IPO vs. FXO ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to First Trust Financials AlphaDEX (FXO)
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
$45.41
Average Daily Volume
28,650
17
FXO
First Trust Financials AlphaDEX
FXO Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant(R) Financials Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.Grade (RS Rating)
Last Trade
$57.42
Average Daily Volume
54,562
101
Performance
| Period | IPO | FXO |
|---|---|---|
| 30 Days | 1.79% | 7.73% |
| 60 Days | 5.80% | 12.20% |
| 90 Days | 7.83% | 14.01% |
| 12 Months | 37.08% | 49.93% |
IPO Underweight 98 Positions Relative to FXO
| Symbol | Grade | Weight | |
|---|---|---|---|
| JHG | B | -1.82% | |
| JEF | A | -1.81% | |
| GS | A | -1.8% | |
| KKR | A | -1.75% | |
| AGO | B | -1.74% | |
| WTM | A | -1.72% | |
| TROW | B | -1.67% | |
| CINF | A | -1.66% | |
| BEN | C | -1.62% | |
| AMG | B | -1.6% | |
| ALL | A | -1.56% | |
| PGR | A | -1.54% | |
| WBS | A | -1.48% | |
| MTG | C | -1.46% | |
| BPOP | C | -1.45% | |
| RNR | C | -1.43% | |
| EG | C | -1.42% | |
| UNM | A | -1.4% | |
| COLB | B | -1.38% | |
| BX | A | -1.37% | |
| SEIC | B | -1.36% | |
| FNB | A | -1.35% | |
| ACGL | C | -1.35% | |
| OMF | A | -1.34% | |
| HLI | A | -1.34% | |
| EQH | C | -1.31% | |
| LNC | C | -1.28% | |
| OZK | B | -1.28% | |
| MKL | A | -1.26% | |
| RYAN | A | -1.23% | |
| AXS | A | -1.23% | |
| L | A | -1.21% | |
| TW | A | -1.2% | |
| GL | C | -1.19% | |
| FHN | A | -1.18% | |
| WFC | A | -1.17% | |
| BRK.A | B | -1.17% | |
| ALLY | C | -1.17% | |
| ZION | B | -1.15% | |
| MS | A | -1.15% | |
| EWBC | A | -1.14% | |
| CNA | C | -1.14% | |
| WTFC | A | -1.1% | |
| MTB | A | -1.09% | |
| HBAN | A | -1.08% | |
| NTRS | A | -1.07% | |
| FCNCA | A | -1.06% | |
| UWMC | D | -1.02% | |
| C | A | -0.99% | |
| SOFI | B | -0.98% | |
| STT | B | -0.97% | |
| BRO | B | -0.96% | |
| SLM | A | -0.95% | |
| MCO | B | -0.92% | |
| HIG | B | -0.9% | |
| CB | C | -0.9% | |
| AFL | B | -0.89% | |
| AMP | A | -0.69% | |
| CMA | B | -0.68% | |
| OWL | A | -0.68% | |
| FHB | B | -0.68% | |
| VIRT | A | -0.67% | |
| BAC | A | -0.67% | |
| PB | B | -0.66% | |
| JPM | A | -0.66% | |
| PNC | B | -0.65% | |
| RF | A | -0.65% | |
| CFG | B | -0.65% | |
| FITB | B | -0.64% | |
| TRV | B | -0.63% | |
| BOKF | B | -0.63% | |
| USB | A | -0.63% | |
| BK | A | -0.62% | |
| WRB | A | -0.61% | |
| ORI | A | -0.61% | |
| WAL | B | -0.61% | |
| VOYA | B | -0.59% | |
| RJF | A | -0.38% | |
| APO | B | -0.38% | |
| SF | B | -0.36% | |
| DFS | B | -0.36% | |
| CFR | B | -0.36% | |
| PNFP | B | -0.36% | |
| CBSH | B | -0.35% | |
| KEY | B | -0.33% | |
| MORN | B | -0.31% | |
| AIZ | A | -0.31% | |
| AIG | B | -0.3% | |
| PRU | A | -0.3% | |
| AJG | A | -0.3% | |
| RGA | A | -0.3% | |
| AFG | A | -0.3% | |
| PFG | D | -0.29% | |
| STWD | C | -0.28% | |
| FAF | A | -0.28% | |
| FNF | B | -0.28% | |
| XP | F | -0.27% | |
| AGNC | C | -0.26% |
IPO: Top Represented Industries & Keywords
FXO: Top Represented Industries & Keywords
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