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IPO - ETF AI Analysis
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Renaissance IPO ETF (IPO)
Rating:64Neutral
Price Target:
$51.00
Positive Factors
Strong Top Holdings
Several of the largest positions, such as ARM Holdings and NEXTracker, have delivered strong year-to-date gains, supporting the ETF's overall performance.
Technology Sector Leadership
The ETF has significant exposure to the technology sector, which has shown strong growth potential and innovation.
Healthy Year-to-Date Performance
The ETF has posted positive year-to-date returns, indicating solid performance in 2023.
Negative Factors
High Geographic Concentration
The ETF is heavily focused on U.S. companies, offering little diversification across global markets.
Underperforming Holdings
Some top holdings, such as Kenvue and CAVA Group, have lagged in performance, which could weigh on future returns.
Moderate Expense Ratio
The ETF's expense ratio is higher than many low-cost alternatives, which could reduce net returns over time.
IPO vs. SPDR S&P 500 ETF (SPY)
AUM134.13M
RegionNorth America
Expense Ratio0.60%
Beta1.42
IssuerRenaissance
Inception DateOct 14, 2013
Dividend Yield0.78%
Asset ClassEquity
Index TrackedFTSE Renaissance IPO Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume43,188
30 Day Avg. Volume124,090
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
62.13Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering32
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
IPO Summary
The Renaissance IPO ETF (ticker: IPO) is an investment fund that focuses on companies that have recently gone public, offering a chance to invest in their early growth stages. It follows the FTSE Renaissance IPO Index and includes innovative businesses across various sectors, with a strong emphasis on technology and consumer-related industries. Well-known companies in the fund include ARM Holdings and Kenvue. This ETF could appeal to investors looking for growth opportunities and exposure to fresh market entrants. However, it’s important to note that IPOs can be volatile, meaning the ETF’s value may rise and fall significantly depending on market conditions.
How much will it cost me?The Renaissance IPO ETF has an expense ratio of 0.6%, which means you’ll pay $6 per year for every $1,000 invested. This is higher than the average for ETFs because it is actively managed, focusing on newly public companies that require more research and oversight. Active management typically leads to higher costs compared to passively managed funds that track broader indexes.
What would affect this ETF?The Renaissance IPO ETF could benefit from strong performance in the technology sector, which makes up nearly half of its holdings, as well as increased investor interest in innovative companies going public. However, it may face challenges if economic conditions worsen, leading to fewer IPOs or reduced investor appetite for high-growth but riskier stocks. Regulatory changes or market volatility could also negatively impact newly public companies in its portfolio.
IPO Top 10 Holdings
The Renaissance IPO ETF is heavily tilted toward technology stocks, with names like ARM Holdings and NEXTracker driving recent gains thanks to strong financial performance and bullish sentiment. Tempus AI also stands out with impressive growth, though its weak profitability tempers enthusiasm. On the flip side, consumer-focused companies like Kenvue and CAVA Group are dragging the fund, struggling with bearish momentum and declining profitability. With a clear focus on U.S.-based IPOs, this ETF offers a concentrated play on innovation, but its reliance on tech and mixed results from other sectors may lead to uneven performance.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Kenvue, Inc. | 10.23% | $13.70M | $30.77B | -31.75% | 63 Neutral | |
| ARM Holdings PLC ADR | 9.10% | $12.19M | $145.35B | 2.46% | 69 Neutral | |
| Reddit Inc Class A | 8.74% | $11.71M | $35.58B | 36.27% | 72 Outperform | |
| NEXTracker, Inc. Class A | 7.31% | $9.79M | $13.30B | 138.47% | 78 Outperform | |
| Astera Labs, Inc. | 7.27% | $9.74M | $23.99B | 45.77% | 64 Neutral | |
| Viking Holdings Ltd | 5.60% | $7.50M | $27.14B | 37.95% | 59 Neutral | |
| Rubrik, Inc. Class A | 4.97% | $6.66M | $13.84B | 55.22% | 41 Neutral | |
| Maplebear | 4.51% | $6.05M | $10.88B | -0.36% | 75 Outperform | |
| Kaspi.kz JSC Sponsored ADR RegS | 4.20% | $5.63M | $13.69B | -31.44% | 72 Outperform | |
| Tempus AI, Inc. Class A | 3.61% | $4.84M | $12.29B | 14.82% | 49 Neutral |
IPO Technical Analysis
Negative
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Price Trends
49.19
Negative
48.30
Negative
44.64
Negative
Market Momentum
-1.57
Positive
33.21
Neutral
10.86
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For IPO, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 46.96, equal to the 50-day MA of 49.19, and equal to the 200-day MA of 44.64, indicating a bearish trend. The MACD of -1.57 indicates Positive momentum. The RSI at 33.21 is Neutral, neither overbought nor oversold. The STOCH value of 10.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IPO.
IPO Peer Comparison
Comparison Results
Performance Comparison
IPO
Renaissance IPO ETF
43.47
-1.76
-3.89%
FNDB
Schwab Fundamental US Broad Market Index ETF
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SUSL
iShares ESG MSCI USA Leaders ETF
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SYLD
Cambria Shareholder Yield ETF
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PLDR
Putnam Sustainable Leaders ETF
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ABFL
Fcf Us Quality Etf
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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