IPO vs. KBWB ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to PowerShares KBW Bank Portfolio ETF (KBWB)
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
$42.43
Average Daily Volume
42,489
17
KBWB
PowerShares KBW Bank Portfolio ETF
KBWB Description
The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$58.76
Average Daily Volume
804,293
24
Performance
| Period | IPO | KBWB |
|---|---|---|
| 30 Days | 5.12% | 1.37% |
| 60 Days | 18.48% | 11.34% |
| 90 Days | 3.66% | 10.72% |
| 12 Months | 38.40% | 56.79% |
0 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in KBWB | Overlap |
|---|
IPO Underweight 24 Positions Relative to KBWB
| Symbol | Grade | Weight | |
|---|---|---|---|
| MS | A | -8.32% | |
| BAC | B | -7.95% | |
| GS | B | -7.93% | |
| WFC | B | -7.82% | |
| JPM | C | -7.6% | |
| BK | A | -4.3% | |
| MTB | A | -4.14% | |
| COF | A | -4.12% | |
| STT | A | -4.11% | |
| C | B | -4.07% | |
| FITB | C | -4.05% | |
| PNC | C | -4.01% | |
| USB | C | -3.89% | |
| TFC | D | -3.87% | |
| HBAN | B | -3.64% | |
| RF | B | -3.61% | |
| CFG | C | -3.14% | |
| NTRS | B | -3.13% | |
| KEY | B | -2.68% | |
| EWBC | B | -1.94% | |
| WAL | C | -1.62% | |
| FHN | D | -1.4% | |
| CMA | C | -1.36% | |
| ZION | D | -1.18% |
IPO: Top Represented Industries & Keywords
KBWB: Top Represented Industries & Keywords
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