IPO vs. WFH ETF Comparison
Comparison of Renaissance IPO ETF (IPO) to Direxion Work From Home ETF (WFH)
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
$40.94
Average Daily Volume
23,500
28
WFH
Direxion Work From Home ETF
WFH Description
The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.Grade (RS Rating)
Last Trade
$55.88
Average Daily Volume
1,401
39
Performance
| Period | IPO | WFH |
|---|---|---|
| 30 Days | 2.94% | 4.59% |
| 60 Days | 4.73% | 3.95% |
| 90 Days | 1.99% | -0.29% |
| 12 Months | 26.42% | 15.60% |
1 Overlapping Holdings
| Symbol | Grade | Weight in IPO | Weight in WFH | Overlap | |
|---|---|---|---|---|---|
| S | C | 2.36% | 1.99% | 1.99% |
IPO Overweight 27 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| NU | B | 10.57% | |
| KVUE | F | 9.8% | |
| ARM | A | 9.05% | |
| HOOD | B | 7.44% | |
| RIVN | C | 5.9% | |
| ONON | C | 4.79% | |
| CNM | D | 4.03% | |
| DUOL | F | 3.79% | |
| CRBG | C | 3.69% | |
| RYAN | B | 2.96% | |
| GTLB | C | 2.9% | |
| GFS | C | 2.47% | |
| BROS | B | 1.91% | |
| TPG | D | 1.74% | |
| HCP | A | 1.6% | |
| FRSH | D | 1.27% | |
| NUVL | C | 1.21% | |
| BRZE | D | 0.98% | |
| INFA | B | 0.98% | |
| RDDT | B | 0.8% | |
| BIRK | B | 0.68% | |
| PWSC | B | 0.66% | |
| FLNC | F | 0.57% | |
| ACT | C | 0.44% | |
| RBRK | C | 0.35% | |
| BLCO | F | 0.3% | |
| INST | B | 0.26% |
IPO Underweight 38 Positions Relative to WFH
| Symbol | Grade | Weight | |
|---|---|---|---|
| GOOGL | A | -3.63% | |
| ORCL | A | -3.21% | |
| NTAP | A | -3.16% | |
| PANW | B | -3.14% | |
| AVGO | B | -3.02% | |
| CRWD | B | -3.02% | |
| AMZN | A | -2.93% | |
| MSFT | A | -2.89% | |
| SNX | D | -2.81% | |
| SMAR | B | -2.7% | |
| CYBR | B | -2.69% | |
| META | A | -2.69% | |
| NOW | A | -2.68% | |
| VZ | B | -2.63% | |
| ADBE | B | -2.59% | |
| DOCU | C | -2.58% | |
| CSCO | D | -2.48% | |
| HUBS | C | -2.47% | |
| YY | C | -2.42% | |
| PEGA | D | -2.42% | |
| ZS | B | -2.4% | |
| BOX | D | -2.28% | |
| ZM | F | -2.26% | |
| MOMO | B | -2.25% | |
| IBM | B | -2.24% | |
| TEAM | C | -2.24% | |
| DOCN | C | -2.23% | |
| NTCT | D | -2.23% | |
| RNG | F | -2.21% | |
| OKTA | C | -2.18% | |
| MRVL | C | -2.17% | |
| NET | B | -2.16% | |
| FTNT | C | -2.16% | |
| WDAY | D | -2.15% | |
| CRM | C | -2.14% | |
| ATUS | F | -2.08% | |
| EGHT | D | -1.91% | |
| XRX | F | -1.9% |
IPO: Top Represented Industries & Keywords
WFH: Top Represented Industries & Keywords
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