IPO vs. KIE ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to SPDR S&P Insurance ETF (KIE)
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
$43.52
Average Daily Volume
54,354
29
KIE
SPDR S&P Insurance ETF
KIE Description
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.Grade (RS Rating)
Last Trade
$56.64
Average Daily Volume
1,054,050
48
Performance
| Period | IPO | KIE |
|---|---|---|
| 30 Days | 4.75% | 4.10% |
| 60 Days | 3.83% | 10.28% |
| 90 Days | 8.43% | 12.45% |
| 12 Months | 32.55% | 30.80% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in KIE | Overlap | |
|---|---|---|---|---|---|
| RYAN | C | 3.27% | 2.21% | 2.21% |
IPO Overweight 28 Positions Relative to KIE
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | 12.14% | |
| KVUE | B | 11.76% | |
| ARM | D | 6.71% | |
| HOOD | C | 6.38% | |
| ONON | B | 5.65% | |
| RIVN | F | 5.36% | |
| CNM | F | 3.85% | |
| DUOL | B | 3.75% | |
| CRBG | D | 3.65% | |
| GTLB | D | 2.62% | |
| S | C | 2.6% | |
| GFS | F | 2.08% | |
| TPG | B | 2.03% | |
| HCP | A | 1.61% | |
| BROS | D | 1.4% | |
| NUVL | C | 1.31% | |
| FRSH | F | 1.16% | |
| BRZE | F | 1.12% | |
| BIRK | D | 0.97% | |
| INFA | D | 0.77% | |
| RDDT | D | 0.72% | |
| PWSC | C | 0.66% | |
| FLNC | C | 0.52% | |
| ACT | A | 0.51% | |
| RBRK | F | 0.38% | |
| BLCO | B | 0.33% | |
| INST | D | 0.25% | |
| ZK | F | 0.17% |
IPO Underweight 47 Positions Relative to KIE
| Symbol | Grade | Weight | |
|---|---|---|---|
| ERIE | A | -2.66% | |
| GL | C | -2.4% | |
| AFL | B | -2.26% | |
| CNO | B | -2.24% | |
| FNF | A | -2.24% | |
| PGR | A | -2.23% | |
| FAF | B | -2.23% | |
| CINF | B | -2.2% | |
| THG | A | -2.2% | |
| KNSL | C | -2.19% | |
| ALL | A | -2.16% | |
| AON | B | -2.15% | |
| RNR | B | -2.13% | |
| ORI | A | -2.12% | |
| AIZ | B | -2.11% | |
| HIG | A | -2.11% | |
| AJG | C | -2.1% | |
| PRI | B | -2.09% | |
| ACGL | B | -2.07% | |
| WTW | B | -2.07% | |
| BRO | C | -2.07% | |
| TRV | B | -2.07% | |
| UNM | B | -2.05% | |
| AXS | B | -2.04% | |
| CB | B | -2.03% | |
| OSCR | B | -2.02% | |
| WRB | C | -2.02% | |
| MET | A | -2.01% | |
| MMC | C | -2.01% | |
| GNW | B | -2.01% | |
| AFG | B | -1.96% | |
| RLI | B | -1.96% | |
| L | B | -1.93% | |
| RGA | B | -1.92% | |
| PFG | B | -1.91% | |
| KMPR | D | -1.89% | |
| BHF | D | -1.88% | |
| EG | B | -1.88% | |
| PRU | C | -1.87% | |
| AGO | C | -1.86% | |
| AIG | D | -1.82% | |
| MKL | C | -1.82% | |
| ESGR | D | -1.82% | |
| SIGI | C | -1.81% | |
| PLMR | B | -1.79% | |
| WTM | F | -1.77% | |
| LNC | D | -1.76% |
IPO: Top Represented Industries & Keywords
KIE: Top Represented Industries & Keywords
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