IPO vs. QTEC ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to First Trust NASDAQ-100- Technology Index Fund (QTEC)
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
$42.50
Average Daily Volume
54,334
29
QTEC
First Trust NASDAQ-100- Technology Index Fund
QTEC 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-100 Technology Sector 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 an equal-weighted index based on the securities of the NASDAQ-100 Index(R) that are classified as "technology" according to the Industry Classification Benchmark classification system. The fund is non-diversified.Grade (RS Rating)
Last Trade
$184.97
Average Daily Volume
117,702
42
Performance
| Period | IPO | QTEC |
|---|---|---|
| 30 Days | 5.38% | -2.67% |
| 60 Days | 3.43% | -5.33% |
| 90 Days | 6.59% | -7.25% |
| 12 Months | 29.07% | 24.98% |
IPO Overweight 27 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | 12.14% | |
| KVUE | B | 11.76% | |
| HOOD | C | 6.38% | |
| ONON | A | 5.65% | |
| RIVN | F | 5.36% | |
| CNM | F | 3.85% | |
| DUOL | C | 3.75% | |
| CRBG | D | 3.65% | |
| RYAN | C | 3.27% | |
| GTLB | D | 2.62% | |
| S | C | 2.6% | |
| TPG | B | 2.03% | |
| HCP | A | 1.61% | |
| BROS | D | 1.4% | |
| NUVL | B | 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 | C | 0.33% | |
| INST | D | 0.25% | |
| ZK | F | 0.17% |
IPO Underweight 40 Positions Relative to QTEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| FTNT | B | -3.47% | |
| MDB | D | -3.37% | |
| WDAY | D | -3.12% | |
| CTSH | B | -2.99% | |
| DASH | C | -2.91% | |
| ADBE | D | -2.85% | |
| PANW | C | -2.85% | |
| AAPL | D | -2.81% | |
| ADSK | B | -2.79% | |
| TXN | D | -2.75% | |
| META | B | -2.74% | |
| ON | D | -2.72% | |
| TEAM | D | -2.64% | |
| ROP | B | -2.63% | |
| INTU | C | -2.6% | |
| MRVL | C | -2.6% | |
| ADI | D | -2.53% | |
| ANSS | D | -2.51% | |
| AVGO | C | -2.45% | |
| DDOG | D | -2.44% | |
| KLAC | D | -2.41% | |
| MSFT | C | -2.4% | |
| CDW | D | -2.4% | |
| NXPI | F | -2.33% | |
| AMD | D | -2.31% | |
| ZS | F | -2.31% | |
| NVDA | D | -2.22% | |
| MCHP | D | -2.22% | |
| CDNS | D | -2.11% | |
| SNPS | D | -2.08% | |
| ASML | D | -2.07% | |
| AMAT | D | -2.05% | |
| QCOM | D | -2.05% | |
| LRCX | F | -1.92% | |
| CRWD | D | -1.8% | |
| PDD | F | -1.7% | |
| MU | F | -1.69% | |
| INTC | F | -1.65% | |
| GOOG | D | -1.16% | |
| GOOGL | D | -1.15% |
IPO: Top Represented Industries & Keywords
QTEC: Top Represented Industries & Keywords
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