PJP vs. IPO ETF Comparison
Comparison of PowerShares Dynamic Pharmaceuticals (PJP) to Renaissance IPO ETF (IPO)
PJP
PowerShares Dynamic Pharmaceuticals
PJP Description
The PowerShares Dynamic Pharmaceuticals Portfolio (Fund) is based on the Dynamic Pharmaceutical IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US pharmaceuticals companies. These are companies that are principally engaged in the research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Grade (RS Rating)
Last Trade
$83.76
Average Daily Volume
8,137
25
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
$44.31
Average Daily Volume
23,663
17
Performance
| Period | PJP | IPO |
|---|---|---|
| 30 Days | -5.17% | 1.07% |
| 60 Days | -4.65% | 4.26% |
| 90 Days | -1.59% | 9.86% |
| 12 Months | 21.45% | 36.10% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PJP | Weight in IPO | Overlap |
|---|
PJP Overweight 25 Positions Relative to IPO
| Symbol | Grade | Weight | |
|---|---|---|---|
| ABT | B | 5.7% | |
| ABBV | F | 5.67% | |
| AMGN | D | 5.43% | |
| JNJ | D | 5.35% | |
| PFE | F | 5.24% | |
| CORT | B | 5.1% | |
| MRK | F | 4.77% | |
| LLY | F | 4.49% | |
| PCRX | C | 3.98% | |
| GILD | B | 3.88% | |
| REGN | F | 3.75% | |
| BMY | B | 3.74% | |
| UTHR | B | 3.71% | |
| AMPH | F | 3.59% | |
| LGND | B | 3.58% | |
| SUPN | B | 3.52% | |
| PBH | A | 3.48% | |
| INVA | C | 3.4% | |
| AMRX | C | 3.27% | |
| VTRS | A | 3.24% | |
| JAZZ | A | 3.17% | |
| PRGO | C | 3.04% | |
| ANIP | D | 3.01% | |
| GERN | F | 2.99% | |
| BIIB | F | 2.8% |
PJP: Top Represented Industries & Keywords
IPO: Top Represented Industries & Keywords
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