IPO: Renaissance IPO ETF
About
IPO was created on 2013-10-14 by Renaissance. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 153.84m in AUM and 33 holdings. IPO tracks a market cap-weighted index of recent US-listed IPOs. The fund acquires issues within three years of an IPO and sells after the three year period.
Current Value
$44.711 Year Return
Current Value
$44.711 Year Return
Key Details
Assets Under Management
$157.08M
Div Yield %
0.04%
P/E Ratio
26.40
Net Asset Value
$44.71
Expense Ratio
0.60%
1Y ETF Return
0.35%
Strategies that include IPO
Stock's related to IPO
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| OPEN | 67.00% | $1.14B | -31.62% | 0.00% |
| SOFI | 64.80% | $15.65B | +114.58% | 0.00% |
| COIN | 63.69% | $81.26B | +207.68% | 0.00% |
| HOOD | 62.86% | $31.15B | +341.60% | 0.00% |
| BIGC | 62.78% | $473.42M | -31.75% | 0.00% |
| NU | 60.65% | $63.92B | +64.95% | 0.00% |
| RXRX | 59.00% | $1.80B | -4.13% | 0.00% |
| W | 58.98% | $5.11B | -15.44% | 0.00% |
| ARM | 58.96% | $139.85B | +126.83% | 0.00% |
| TWST | 58.25% | $2.42B | +74.27% | 0.00% |
| PAR | 58.09% | $2.72B | +98.12% | 0.00% |
| AMPL | 57.98% | $1.34B | -0.66% | 0.00% |
| DOCN | 57.36% | $3.51B | +33.83% | 0.00% |
| SQ | 56.86% | $56.87B | +57.53% | 0.00% |
| AFRM | 56.68% | $20.09B | +155.53% | 0.00% |
| U | 56.65% | $7.98B | -30.33% | 0.00% |
| HUT | 56.24% | $2.37B | +166.53% | 0.00% |
| CLSK | 56.23% | $3.65B | +211.70% | 0.00% |
| BRZE | 56.23% | $3.72B | -30.26% | 0.00% |
| TTD | 56.21% | $58.94B | +81.35% | 0.00% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CB | -0.11% | $114.43B | +26.00% | 1.24% |
| NHTC | -0.13% | $61.83M | +0.19% | 14.81% |
| GAN | 0.22% | $83.39M | +21.19% | 0.00% |
| STG | -0.55% | $35.67M | +7.92% | 0.00% |
| T | -0.56% | $163.09B | +40.40% | 4.87% |
| KMB | 0.80% | $45.22B | +11.57% | 3.58% |
| TCTM | 0.89% | $8.10M | -42.99% | 0.00% |
| CNA | -0.89% | $13.16B | +23.03% | 3.61% |
| PEP | 1.05% | $215.02B | -6.60% | 3.35% |
| CME | -1.12% | $82.76B | +9.21% | 1.98% |
| HSY | -1.18% | $34.45B | -10.68% | 3.21% |
| MNOV | 1.23% | $93.19M | +2.15% | 0.00% |
| AJG | 1.26% | $64.17B | +17.51% | 0.80% |
| SO | 1.29% | $96.74B | +26.76% | 3.24% |
| WHLM | 1.30% | $17.64M | -29.34% | 0.00% |
| ORLY | 1.33% | $69.31B | +22.06% | 0.00% |
| NTZ | 1.38% | $47.64M | -30.94% | 0.00% |
| DOGZ | -1.38% | $614.77M | +1,372.26% | 0.00% |
| HIHO | 1.42% | $8.63M | 0.00% | 6.12% |
| GILD | 1.49% | $109.36B | +17.49% | 3.47% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| GIS | -19.54% | $34.85B | -2.91% | 3.78% |
| CPB | -19.17% | $12.96B | +7.08% | 3.40% |
| CBOE | -17.07% | $21.46B | +15.84% | 1.11% |
| HUSA | -15.24% | $16.69M | -11.56% | 0.00% |
| MCK | -14.96% | $78.15B | +35.51% | 0.42% |
| COR | -14.03% | $47.48B | +21.20% | 0.86% |
| CHD | -12.00% | $27.18B | +19.50% | 1.03% |
| MNR | -11.48% | $1.66B | -10.71% | 15.90% |
| LMT | -10.91% | $126.40B | +18.99% | 2.36% |
| PGR | -9.44% | $149.10B | +57.29% | 0.45% |
| PG | -7.68% | $402.15B | +14.14% | 2.33% |
| OCX | -7.68% | $42.93M | -36.09% | 0.00% |
| CAH | -7.43% | $28.64B | +12.14% | 1.70% |
| PRPO | -7.09% | $9.10M | -13.65% | 0.00% |
| K | -5.82% | $27.77B | +52.50% | 2.79% |
| SJM | -5.14% | $11.91B | -0.25% | 3.82% |
| RNR | -4.52% | $13.74B | +23.09% | 0.58% |
| NOC | -3.97% | $71.54B | +4.23% | 1.60% |
| UUU | -3.93% | $4.97M | -41.89% | 0.00% |
| WM | -3.89% | $87.92B | +27.58% | 1.34% |
ETF's related to IPO
News
SeekingAlpha
We define 'quiet' in terms of the standard deviation of the day-to-day percentage change in the value of the S&P 500.
SeekingAlpha
Secondary equity issuance announcements continue to run below levels from a few years ago
SeekingAlpha
The outlook for the S&P 500 quarterly dividends per share has continued to improve over the last several weeks. Click to read.
SeekingAlpha
The S&P 500's earnings per share show little change with respect to where they were just three months earlier. Click to read.
SeekingAlpha
The S&P 500 Index has enjoyed strong returns in 2023, up over 26%, and year to date in 2024, up over 23%.
SeekingAlpha
Cross-asset volatilities advanced across the board as Boston Fed President S. Collins cautiously reinforced J. Powellâs hesitancy to continue cutting rates in December.
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.