IPOvsBRESETF Comparison
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Renaissance IPO ETF (IPO) and Burney U.S. Equity Select ETF (BRES) belong to the same industry segment: US Multi-Factor. IPO's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, BRES's top sector exposures are Technology, Finance and Consumer Services. IPO is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.79% for BRES. Run a side-by-side ETF comparison of IPO and BRES below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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IPO vs BRES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IPO BRES | -12.58%-0.53% | +2.91%+2.01% | +12.10%n/a | +11.51%n/a | +40.85%n/a | -18.60%n/a |
| Flows | IPO BRES | -$8M+$9M | +$3M+$25M | -$3M- | -$12M- | -$136M- | -$254M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO BRES | +36.35%+16.09% | +31.86%n/a | +29.70%n/a | +36.41%n/a |
| Max drawdown | IPO BRES | -16.35%-4.70% | -26.15%n/a | -32.13%n/a | -66.02%n/a |
| Max drawdown duration | IPO BRES | 31d18d | 249dn/a | 181dn/a | 1772dn/a |
Trading data
IPO | BRES | |
Last sale 8/3/2026 at 1:37 PM | $51.36 | $27.12 |
| Previous close 07/31/2026 | $51.15 | $26.79 |
| Consolidated volume 07/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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BRES
is actively managed and doesn’t replicate an indexIPO | BRES | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/3/2026 at 1:37 PM
Live
Closed
IPO | BRES | |
|---|---|---|
| Last price | $51.36 | $27.12 |
| 1D performance | +0.41% | +1.23% |
| AuM | $148.22 M | $679.39 M |
| E/R | 0.6% | 0.79% |
Characteristics
IPO | BRES | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Renaissance Capital | The Burney Company |
| Benchmark | Renaissance IPO Index | - |
| N° of holdings | 51 | 2792 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2013 | February 4, 2026 |
| ESG | No | No |
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Exposure
Countries
IPO
USA
76.66%
United Kingdom
10.35%
Other
13%
BRES
USA
90.03%
Other
9.97%
Sectors
IPO
Technology
44.08%
Finance
14.46%
Healthcare
12.79%
Industrials
11.31%
Consumer Services
7.24%
Other
10.11%
BRES
Technology
35.78%
Finance
17.54%
Consumer Services
9.25%
Consumer Non-Cycl.
8.6%
Industrials
7.41%
Other
21.41%
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Diversification
IPO
Total weight of top 15 holdings out of 15
70.55%
BRES
Total weight of top 15 holdings out of 15
55.63%
Top 15 holdings
Data as of June 30, 2026
IPO
Astera Labs, Inc.
12.30%
CoreWeave, Inc.
9.26%
Arm Holdings Plc
8.71%
Reddit, Inc.
6.50%
Viking Holdings Ltd. (Bermuda)
5.21%
Medline, Inc.
4.97%
Rubrik, Inc.
3.49%
Circle Internet Group, Inc.
3.15%
BrightSpring Health Services, Inc.
3.12%
American Healthcare REIT, Inc.
2.80%
Kaspi.kz JSC
2.59%
UL Solutions, Inc.
2.20%
US15675D1037
2.15%
Kodiak Gas Services, Inc.
2.08%
Maplebear, Inc.
2.04%
BRES
NVIDIA Corp.
7.29%
Alphabet, Inc.
5.89%
Expedia Group, Inc.
5.50%
Citigroup, Inc.
5.14%
Apple, Inc.
3.87%
Costco Wholesale Corp.
3.70%
Fortinet, Inc.
3.29%
Roku, Inc.
3.27%
Broadcom Inc.
3.10%
Eldorado Gold Corp.
3.08%
Exelon Corp.
2.46%
Arista Networks, Inc.
2.39%
Amazon.com, Inc.
2.32%
NovoCure Ltd.
2.17%
United Airlines Holdings, Inc.
2.15%
Frequently asked questions about IPO and BRES
Which ETF is bigger: IPO or BRES?
As of July 31, 2026, IPO holds $148.22 M in assets under management (AUM), while BRES manages $679.39 M.
What sectors do the IPO and BRES ETFs invest in?
IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, BRES focuses on Technology, Finance and Consumer Services.
What are the top holdings of the IPO ETF and BRES ETF?
IPO top holdings include Astera Labs, Inc., CoreWeave, Inc. and Arm Holdings Plc. BRES holds in its top three: NVIDIA Corp., Alphabet, Inc. and Expedia Group, Inc..
Which ETF is more diversified: IPO or BRES?
IPO holds 52 securities with 70.55% of its assets in the top 15. BRES has 2865 securities and a top 15 weight of 55.63%.
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Latest news about IPO & BRES
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