Renaissance IPO ETF
$53.90−0.75 (−1.37%)
- Expense ratio
- 0.60%
- Fund size
- $143M
- 1Y return
- +3.9%
- Yield · Last 12 months
- 0.11%
- Holdings
- 51
- Volume · 30D
- 0M sh
- NAV per share
- $52.56
- 52W range
The ETF.net IPO Grade
Score 56 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 76Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 23Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 62Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 41Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 61Category rank
Our read on IPO
BThe straight new-issue trade: a rules-based basket of roughly 70 companies that recently went public on a U.S. exchange, running since 2013. Not spin-offs, not a stock picker's list, just the freshman class.
The fund seeks to track the Renaissance IPO Index, which comprises companies that recently completed IPOs and are listed on a U.S. exchange.
Why people hold it
- At 0.60% a year it undercuts the typical fund in its IPO and spin-off cohort, including First Trust's FPXI (0.70%) and Invesco's spin-off ETF CSD (0.67%).
- The mandate is narrow on purpose: track the Renaissance IPO Index, about 70 recent U.S. IPOs, by rule rather than by a manager's conviction picks.
- Trading since 2013, so it has carried this exposure through both crowded IPO windows and quiet ones, and it stands in the upper half of its small peer group.
Worth knowing
- Recent IPOs are young companies with short public track records, and the basket leans toward whatever sectors happen to be going public.
- It trades thinly next to broad index ETFs, so spreads and order size matter more here than in a mega-fund.
- A smaller fund by assets, and payouts are incidental to the strategy: distributions come quarterly.
IPO Holdings
- Stocks
- 51
- 58%
- ALAB
Sectors
- Technology43.0%
- Health Care13.7%
- Industrials11.2%
- Consumer Discr.9.6%
- Financials7.6%
- Communication6.4%
- Real Estate4.6%
- Energy3.1%
- Utilities0.6%
- Cons. Staples0.3%
Geography
- United States80.35%
- United Kingdom8.99%
- Bermuda4.89%
- Kazakhstan3.37%
- Finland1.57%
- China0.58%
- Cayman Islands0.24%
IPO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
IPO$10,395
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IPO |
|---|---|
| Year to date | +19.9% |
| 1 month | +0.5% |
| 3 months | −7.3% |
| 1 year | +3.9% |
| 3 years | +21.4% |
| 5 years | −4.4% |
| 10 years | +10.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IPO |
|---|---|---|
| 2026 YTD | +19.9% | |
| 2025 | +5.5% | |
| 2024 | +15.7% | |
| 2023 | +52.5% | |
| 2022 | −57.3% | |
| 2021 | −10.3% | |
| 2020 | +107.9% |
IPO in the news
IPO Dividends
- 0.11%
- $0.06
- $0.03 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 12, 2026 | Jun 22, 2026 | $0.03 |
| Mar 13, 2026 | Mar 20, 2026 | $0.03 |
| Sep 12, 2025 | Sep 19, 2025 | $0.18 |
| Jun 13, 2025 | Jun 20, 2025 | $0.05 |
| Mar 14, 2025 | Mar 21, 2025 | $0.07 |
| Dec 13, 2024 | Dec 20, 2024 | $0.03 |
| Sep 13, 2024 | Sep 20, 2024 | $0.0088 |
| Jun 14, 2024 | Jun 21, 2024 | $0.0077 |
| Mar 20, 2020 | Mar 27, 2020 | $0.07 |
| Dec 13, 2019 | Dec 20, 2019 | $0.06 |
| Jun 14, 2019 | Jun 21, 2019 | $0.02 |
| Mar 15, 2019 | Mar 22, 2019 | $0.06 |
IPO Risk
- 27.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.57
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −66.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IPO Cost
0.60%
IPO0.60%
- The middle half of IPO & Spin-Off funds
- Median 0.70%
1 of the 8 IPO & Spin-Off funds charge less.