IPO vs. PSP ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to PowerShares Listed Private Equity (PSP)
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
$43.53
Average Daily Volume
54,330
29
PSP
PowerShares Listed Private Equity
PSP Description
The PowerShares Global Listed Private Equity Portfolio (Fund) is based on the Red Rocks Global Listed Private Equity Index (Index). The Fund will normally invest at least 90% of its total assets in securities, which may include American depository receipts and global depository receipts, that comprise the Index. The Index includes securities, ADRs and GDRs of 40 to 75 private equity companies, including business development companies (BDCs), master limited partnerships (MLPs) and other vehicles whose principal business is to invest in, lend capital to or provide services to privately held companies (collectively, listed private equity companies). The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$69.01
Average Daily Volume
15,352
28
Performance
| Period | IPO | PSP |
|---|---|---|
| 30 Days | 7.50% | 8.18% |
| 60 Days | 5.55% | 8.17% |
| 90 Days | 10.06% | 13.21% |
| 12 Months | 36.60% | 40.31% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in PSP | Overlap | |
|---|---|---|---|---|---|
| TPG | B | 2.03% | 5.58% | 2.03% |
IPO Overweight 28 Positions Relative to PSP
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | 12.14% | |
| KVUE | C | 11.76% | |
| ARM | D | 6.71% | |
| HOOD | C | 6.38% | |
| ONON | C | 5.65% | |
| RIVN | F | 5.36% | |
| CNM | F | 3.85% | |
| DUOL | B | 3.75% | |
| CRBG | D | 3.65% | |
| RYAN | D | 3.27% | |
| GTLB | D | 2.62% | |
| S | C | 2.6% | |
| GFS | F | 2.08% | |
| HCP | B | 1.61% | |
| BROS | D | 1.4% | |
| NUVL | C | 1.31% | |
| FRSH | F | 1.16% | |
| BRZE | F | 1.12% | |
| BIRK | F | 0.97% | |
| INFA | D | 0.77% | |
| RDDT | C | 0.72% | |
| PWSC | C | 0.66% | |
| FLNC | C | 0.52% | |
| ACT | B | 0.51% | |
| RBRK | F | 0.38% | |
| BLCO | C | 0.33% | |
| INST | D | 0.25% | |
| ZK | F | 0.17% |
IPO Underweight 27 Positions Relative to PSP
| Symbol | Grade | Weight | |
|---|---|---|---|
| BX | B | -5.61% | |
| KKR | B | -5.47% | |
| CG | D | -4.07% | |
| OWL | C | -2.9% | |
| ARCC | B | -2.82% | |
| HLNE | B | -2.66% | |
| STEP | B | -2.01% | |
| GHC | B | -1.25% | |
| IAC | C | -1.2% | |
| BBUC | C | -1.04% | |
| FSK | B | -0.88% | |
| BXSL | C | -0.88% | |
| GBDC | C | -0.65% | |
| CODI | D | -0.65% | |
| CNNE | D | -0.52% | |
| MAIN | B | -0.47% | |
| HTGC | D | -0.45% | |
| PAX | F | -0.4% | |
| PX | C | -0.3% | |
| BBDC | B | -0.23% | |
| BCSF | B | -0.23% | |
| CSWC | C | -0.22% | |
| NMFC | F | -0.22% | |
| TSLX | C | -0.22% | |
| GAIN | C | -0.21% | |
| SLRC | C | -0.21% | |
| GSBD | D | -0.21% |
IPO: Top Represented Industries & Keywords
PSP: Top Represented Industries & Keywords
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