MGMT vs. IPO ETF Comparison
Comparison of Ballast Small/Mid Cap ETF (MGMT) to Renaissance IPO ETF (IPO)
MGMT
Ballast Small/Mid Cap ETF
MGMT Description
The investment seeks to generate positive risk adjusted returns. Under normal circumstances, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in equity securities (principally common stocks) of domestic companies with small to medium market capitalizations. It may also invest all or substantially all of its assets in cash and cash equivalents, including money market funds and other short-term fixed income investments, in seeking to protect principal, or when, in the Adviser's opinion, there are not sufficient companies appropriate for investment.
Grade (RS Rating)
Last Trade
$35.55
Average Daily Volume
15,278
46
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
Performance
| Period | MGMT | IPO |
|---|---|---|
| 30 Days | -1.12% | 2.94% |
| 60 Days | -2.92% | 4.73% |
| 90 Days | -3.97% | 1.99% |
| 12 Months | 2.15% | 26.42% |
1 Overlapping Holdings
| Symbol | Grade | Weight in MGMT | Weight in IPO | Overlap | |
|---|---|---|---|---|---|
| BLCO | F | 1.7% | 0.3% | 0.3% |
MGMT Overweight 45 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| NRP | B | 5.2% | |
| AGM | B | 3.7% | |
| CEIX | B | 3.35% | |
| AZZ | D | 3.14% | |
| MTG | B | 3.13% | |
| CVCO | D | 3.03% | |
| PHIN | D | 3.01% | |
| TDC | C | 2.7% | |
| BELFB | C | 2.5% | |
| GEO | B | 2.49% | |
| CASS | D | 2.47% | |
| EXP | D | 2.46% | |
| LSTR | D | 2.46% | |
| IMXI | F | 2.42% | |
| SOI | D | 2.29% | |
| CBNK | D | 2.27% | |
| LII | B | 2.25% | |
| IGIC | C | 2.19% | |
| SFM | B | 2.16% | |
| PATK | D | 1.96% | |
| BCO | B | 1.95% | |
| BIOX | D | 1.94% | |
| TRIP | F | 1.76% | |
| DOX | D | 1.74% | |
| EPR | C | 1.7% | |
| RMNI | C | 1.69% | |
| ATKR | F | 1.66% | |
| GSM | C | 1.65% | |
| BWA | F | 1.64% | |
| GPRE | F | 1.58% | |
| CRMT | F | 1.58% | |
| NTIC | D | 1.57% | |
| KOS | F | 1.54% | |
| UFPT | A | 1.47% | |
| IPGP | D | 1.45% | |
| KN | D | 1.41% | |
| ECVT | D | 1.37% | |
| RCMT | F | 1.21% | |
| EPSN | C | 1.2% | |
| TKR | D | 1.11% | |
| EXTR | C | 0.99% | |
| IRMD | B | 0.97% | |
| G | D | 0.85% | |
| CMP | F | 0.69% | |
| LAMR | B | 0.04% |
MGMT Underweight 27 Positions Relative to IPO
| 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% | |
| S | C | -2.36% | |
| 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% | |
| INST | B | -0.26% |
MGMT: Top Represented Industries & Keywords
IPO: Top Represented Industries & Keywords
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