IPO vs. SMHX ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to VanEck Fabless Semiconductor ETF (SMHX)
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
17
SMHX
VanEck Fabless Semiconductor ETF
SMHX Description
The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$27.49
Average Daily Volume
30,191
21
Performance
| Period | IPO | SMHX |
|---|---|---|
| 30 Days | 2.13% | 1.55% |
| 60 Days | 6.15% | 10.16% |
| 90 Days | 8.19% | |
| 12 Months | 37.53% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in SMHX | Overlap | |
|---|---|---|---|---|---|
| ARM | F | 8.6% | 3.9% | 3.9% |
IPO Underweight 20 Positions Relative to SMHX
IPO: Top Represented Industries & Keywords
SMHX: Top Represented Industries & Keywords
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