IPO vs. QQQA ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to ProShares Nasdaq-100 Dorsey Wright Momentum ETF (QQQA)

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

$45.56

Average Daily Volume

29,456

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QQQA

ProShares Nasdaq-100 Dorsey Wright Momentum ETF

QQQA Description

ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF is an exchange traded fund launched and managed by ProShare Advisors LLC. The fund invests in the public equity markets across the globe. It invests in the stocks of companies operating in the non-financial companies. The fund invests in momentum stocks of large cap companies. It replicates the performance of Nasdaq-100 Dorsey Wright Select Index. ProShares Trust - ProShares Nasdaq-100 Dorsey Wright Momentum ETF was formed on May 18, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$46.20

Average Daily Volume

2,702

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IPO	QQQA
30 Days	2.13%	4.52%
60 Days	6.15%	7.67%
90 Days	8.19%	8.83%
12 Months	37.53%	26.58%

1 Overlapping Holdings

	Symbol	Grade	Weight in IPO	Weight in QQQA	Overlap
	ARM	F	8.6%	4.1%	4.1%

IPO Overweight 16 Positions Relative to QQQA

Symbol	Grade	Weight
NU	C	9.95%
KVUE	A	9.28%
RIVN	F	6.46%
CRBG	B	5.74%
GTLB	B	4.71%
TPG	A	3.62%
HCP	B	3.13%
GFS	C	2.72%
RDDT	A	2.19%
RBRK	A	1.62%
BRZE	C	1.56%
INFA	D	1.34%
BIRK	D	1.15%
FLNC	D	0.8%
BLCO	B	0.52%
ZK	D	0.4%

IPO Underweight 20 Positions Relative to QQQA

Symbol	Grade	Weight
TSLA	B	-6.5%
BKNG	A	-5.31%
DASH	B	-5.3%
NFLX	A	-5.28%
AMZN	C	-5.1%
TMUS	B	-5.08%
ISRG	A	-5.05%
NVDA	B	-4.96%
TTD	B	-4.86%
PYPL	B	-4.85%
CTAS	B	-4.75%
SBUX	A	-4.73%
COST	A	-4.73%
ILMN	C	-4.45%
META	D	-4.45%
QCOM	F	-4.39%
AVGO	D	-4.27%
MELI	C	-4.09%
CEG	C	-3.85%
AMD	F	-3.76%