IPO vs. XSW ETF Comparison

Comparison of Renaissance IPO ETF (IPO) to SPDR S&P Software & Services ETF (XSW)
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

Number of Holdings *

29

* may have additional holdings in another (foreign) market
XSW

SPDR S&P Software & Services ETF

XSW Description The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$149.05

Average Daily Volume

9,496

Number of Holdings *

127

* may have additional holdings in another (foreign) market
Performance
Period IPO XSW
30 Days 8.63% 3.61%
60 Days -3.84% -1.81%
90 Days 0.48% 2.32%
12 Months 20.38% 11.63%
8 Overlapping Holdings
Symbol Grade Weight in IPO Weight in XSW Overlap
BRZE F 1.12% 0.89% 0.89%
FRSH F 1.14% 0.67% 0.67%
GTLB C 2.71% 0.9% 0.9%
HCP B 1.57% 0.72% 0.72%
INFA F 0.77% 0.59% 0.59%
INST D 0.25% 0.68% 0.25%
PWSC A 0.65% 0.73% 0.65%
S D 2.6% 0.89% 0.89%
IPO Overweight 21 Positions Relative to XSW
Symbol Grade Weight
NU B 11.9%
KVUE A 11.35%
ARM D 7.0%
HOOD D 6.44%
ONON B 5.6%
RIVN F 5.6%
CNM F 3.84%
DUOL B 3.76%
CRBG C 3.64%
RYAN B 3.19%
GFS F 2.21%
TPG B 2.04%
BROS D 1.37%
NUVL A 1.3%
BIRK F 0.94%
RDDT D 0.73%
FLNC C 0.53%
ACT A 0.5%
RBRK D 0.39%
BLCO C 0.32%
ZK F 0.16%
IPO Underweight 119 Positions Relative to XSW
Symbol Grade Weight
ZETA B -1.21%
YOU B -1.17%
AUR B -1.16%
ACIW B -0.99%
IOT A -0.99%
CVLT B -0.92%
PLTR B -0.92%
BOX A -0.91%
INTA B -0.91%
FICO A -0.91%
QTWO B -0.91%
RBLX B -0.9%
FTNT B -0.9%
CWAN B -0.89%
TYL A -0.89%
VRNS C -0.88%
WDAY C -0.88%
PEGA B -0.87%
ACN A -0.86%
CTSH B -0.86%
IBM A -0.86%
ALKT C -0.86%
AGYS C -0.85%
SMAR A -0.85%
DXC A -0.85%
NTNX A -0.84%
ZM B -0.84%
PRGS B -0.84%
NOW B -0.83%
JAMF D -0.83%
EPAM C -0.83%
IDCC B -0.83%
BILL C -0.83%
APP B -0.82%
IT B -0.81%
DOCU A -0.81%
APPN F -0.81%
PATH D -0.8%
MANH B -0.8%
DBX D -0.8%
ADSK B -0.8%
ADBE B -0.78%
GWRE A -0.78%
PANW B -0.78%
EA C -0.77%
DT A -0.77%
WULF D -0.77%
BLKB B -0.77%
ENV B -0.76%
CRM D -0.76%
BL D -0.76%
U D -0.75%
INTU D -0.75%
ASGN D -0.75%
DV F -0.74%
SPSC D -0.74%
SWI B -0.74%
NNBR D -0.74%
ORCL A -0.74%
ROP C -0.73%
SOUN D -0.73%
TEAM F -0.73%
RNG D -0.73%
PRFT A -0.73%
VERX C -0.73%
ASAN F -0.73%
TENB D -0.72%
APPF D -0.71%
TTWO B -0.71%
RPD F -0.71%
ATEN D -0.71%
WK D -0.71%
OLO D -0.71%
SEMR D -0.7%
BSY D -0.7%
PTC D -0.7%
GDYN B -0.7%
ETWO D -0.69%
NCNO D -0.69%
OSPN B -0.69%
ANSS D -0.69%
DDOG D -0.67%
ALRM F -0.67%
ZUO D -0.66%
MSFT D -0.66%
KD D -0.65%
QLYS F -0.65%
CXM F -0.64%
DLB F -0.64%
ALTR D -0.64%
NABL D -0.64%
PLTK D -0.64%
YEXT A -0.63%
RAMP F -0.63%
ZS F -0.63%
HUBS F -0.62%
PDFS D -0.62%
PCOR F -0.62%
TDC F -0.6%
SPT F -0.6%
IBUY D -0.6%
MSTR F -0.58%
CDNS D -0.58%
SNPS D -0.58%
MITK F -0.57%
DMRC F -0.55%
CFLT F -0.53%
VRNT F -0.53%
AI F -0.52%
FIVN F -0.51%
MARA F -0.51%
CRWD F -0.48%
PRO F -0.48%
ESTC F -0.46%
RIOT F -0.46%
CLSK F -0.35%
HCKT B -0.33%
AMSWA B -0.3%
EGHT F -0.3%
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