IPO vs. QCLN ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN)
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
$39.61
Average Daily Volume
55,629
29
QCLN
First Trust NASDAQ Clean Edge Green Energy Index Fund
QCLN 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 NASDAQ(R) Clean Edge(R) Green Energy Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market capitalization-weighted index in which larger companies receive a larger Index weighting and includes caps to prevent high concentrations among larger alternative energy stocks. The fund is non-diversified.Grade (RS Rating)
Last Trade
$32.47
Average Daily Volume
130,652
48
Performance
| Period | IPO | QCLN |
|---|---|---|
| 30 Days | 8.63% | 2.53% |
| 60 Days | -3.84% | -10.53% |
| 90 Days | 0.48% | -11.77% |
| 12 Months | 20.38% | -29.20% |
IPO Overweight 27 Positions Relative to QCLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | 11.9% | |
| KVUE | A | 11.35% | |
| ARM | D | 7.0% | |
| HOOD | D | 6.44% | |
| ONON | B | 5.6% | |
| CNM | F | 3.84% | |
| DUOL | B | 3.76% | |
| CRBG | C | 3.64% | |
| RYAN | B | 3.19% | |
| GTLB | C | 2.71% | |
| S | D | 2.6% | |
| GFS | F | 2.21% | |
| TPG | B | 2.04% | |
| HCP | B | 1.57% | |
| BROS | D | 1.37% | |
| NUVL | A | 1.3% | |
| FRSH | F | 1.14% | |
| BRZE | F | 1.12% | |
| BIRK | F | 0.94% | |
| INFA | F | 0.77% | |
| RDDT | D | 0.73% | |
| PWSC | A | 0.65% | |
| ACT | A | 0.5% | |
| RBRK | D | 0.39% | |
| BLCO | C | 0.32% | |
| INST | D | 0.25% | |
| ZK | F | 0.16% |
IPO Underweight 46 Positions Relative to QCLN
| Symbol | Grade | Weight | |
|---|---|---|---|
| TSLA | D | -10.97% | |
| ON | D | -8.59% | |
| ENPH | D | -7.72% | |
| FSLR | C | -7.05% | |
| ALB | F | -5.0% | |
| OLED | D | -4.5% | |
| LCID | B | -4.49% | |
| AYI | C | -3.87% | |
| ITRI | D | -2.27% | |
| ALGM | F | -2.24% | |
| ORA | C | -2.24% | |
| RUN | B | -2.22% | |
| ENS | D | -2.01% | |
| HASI | B | -1.88% | |
| AEIS | D | -1.86% | |
| POWI | F | -1.76% | |
| AY | A | -1.29% | |
| BE | F | -1.29% | |
| MP | C | -1.18% | |
| NEP | F | -1.18% | |
| CWEN | B | -1.17% | |
| ASPN | C | -1.04% | |
| SQM | F | -0.79% | |
| RNW | D | -0.76% | |
| PLUG | F | -0.73% | |
| NOVA | B | -0.73% | |
| SEDG | F | -0.63% | |
| WOLF | F | -0.61% | |
| VICR | D | -0.6% | |
| SHLS | F | -0.53% | |
| ARRY | F | -0.53% | |
| AMRC | B | -0.51% | |
| CHPT | F | -0.37% | |
| AMSC | D | -0.35% | |
| CLNE | D | -0.33% | |
| MNTK | F | -0.32% | |
| AMPS | D | -0.25% | |
| LYTS | B | -0.24% | |
| LNZA | F | -0.15% | |
| PSNY | C | -0.14% | |
| WBX | F | -0.12% | |
| BLNK | F | -0.09% | |
| LEV | F | -0.09% | |
| FCEL | F | -0.09% | |
| STEM | F | -0.04% | |
| MAXN | F | -0.0% |
IPO: Top Represented Industries & Keywords
QCLN: Top Represented Industries & Keywords
Compare ETFs
