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ETFs

Renaissance International IPO ETF

IPOS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 06 2014
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
Renaissance
Volume (1m avg. daily)
$16,121
AUM
$8,262,876
Associated Index
Renaissance International IPO Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

P911
Porsche AG
10.11%
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JD Health International Inc.
7.17%
1024
Kuaishou Technology - Ordinary Shares - Class B
6.77%
9633
Nongfu Spring Co. Ltd. - Ordinary Shares - Class H
5.64%
20
SenseTime Group Inc. - Ordinary Shares - Class B
4.72%
GOTO
GOTO GOJEK TOKOPEDIA TBK PT
4.58%
WISE
Wise (TransferWise)
4.24%
1209
China Resources Mixc Lifestyle Services Limited
2.74%
2618
JD Logistics Inc
2.54%
SAVE
Nordnet
2.47%
Invest with IPOS

What is IPOS?

The Renaissance International IPO ETF is an exchange-traded fund incorporated in the USA. The Fund provides investors with efficient exposure to a portfolio of newly public companies listed outside of the US. The ETF tracks a rules-based Renaissance Intl IPO Index designed by leading IPO research firm Renaissance Capital.

ETFs related toIPOS

ETFs correlated to IPOS include AAXJ, EEMA, XSOE

IPOS
Renaissance Capital Greenwich Funds - Renaissance International IPO ETF
AAXJ
BlackRock Institutional Trust Company N.A. - iShares MSCI All Country Asia ex Japan ETF
EEMA
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Asia ETF
XSOE
WisdomTree Trust - WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
GMF
SSgA Active Trust - SPDR S&P Emerging Asia Pacific ETF
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
EEM
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets ETF
EEMX
SSgA Active Trust - SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF
EDC
Direxion Shares ETF Trust - Direxion Daily Emerging Markets Bull 3X Shares
ESGE
iShares Trust - iShare Inc iShares ESG Aware MSCI EM ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toIPOS

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#SWITCH

Asset Switching

Category

Momentum, Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with IPOS using Composer

FAQ

IPOS is a Global Ex. US Equities ETF. The Renaissance International IPO ETF is an exchange-traded fund incorporated in the USA. The Fund provides investors with efficient exposure to a portfolio of newly public companies listed outside of the US. The ETF tracks a rules-based Renaissance Intl IPO Index designed by leading IPO research firm Renaissance Capital.

IPOS tracks the Renaissance International IPO Index.

No, IPOS is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, IPOS is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IPOS is -0.0249%. This is the percent change in the value of IPOS over the most recent 1-month period. The 3-month return on IPOS is -0.0296%. This is the percent change in the value of IPOS over the most recent 3-month period.

The standard deviation of IPOS for the past year is 0.3224%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IPOS include ARKK, TAN, and EFG.

ETFs correlated to IPOS include AAXJ, EEMA, and XSOE.

ETFs that are inversely correlated to IPOS include EDZ, EUM, and YANG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.