IPOvsCTEFETF Comparison
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Renaissance IPO ETF (IPO) belongs to the US Multi-Factor segment. Castellan Targeted Equity ETF (CTEF) is part of the Options Strategies segment. IPO's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, CTEF's top sector exposures are Technology, Finance and Industrials. IPO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.45% for CTEF. IPO is up 12.1% year-to-date (YTD) with -$3M in YTD flows. CTEF performs better with 34.18% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of IPO and CTEF 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 CTEF 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 CTEF | -12.58%-4.96% | +2.91%+15.19% | +12.10%+34.18% | +11.51%+61.28% | +40.85%n/a | -18.60%n/a |
| Flows | IPO CTEF | -$8M+$6M | +$3M+$7M | -$3M+$16M | -$12M+$30M | -$136M- | -$254M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO CTEF | +36.35%+26.67% | +31.86%+23.43% | +29.70%n/a | +36.41%n/a |
| Max drawdown | IPO CTEF | -16.35%-8.34% | -26.15%-14.78% | -32.13%n/a | -66.02%n/a |
| Max drawdown duration | IPO CTEF | 31d30d | 249d47d | 181dn/a | 1772dn/a |
Trading data
IPO | CTEF | |
Last sale 8/3/2026 at 1:37 PM | $51.36 | $90.54 |
| Previous close 07/31/2026 | $51.15 | $89.46 |
| 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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CTEF
is actively managed and doesn’t replicate an indexIPO | CTEF | |
|---|---|---|
| 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 | CTEF | |
|---|---|---|
| Last price | $51.36 | $90.54 |
| 1D performance | +0.41% | +1.21% |
| AuM | $148.22 M | $651.06 M |
| E/R | 0.6% | 0.45% |
Characteristics
IPO | CTEF | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Renaissance Capital | Castellan ETFs |
| Benchmark | Renaissance IPO Index | - |
| N° of holdings | 51 | 22 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2013 | June 17, 2025 |
| ESG | No | No |
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Exposure
Countries
IPO
USA
76.66%
United Kingdom
10.35%
Other
13%
CTEF
USA
93.39%
Other
6.61%
Sectors
IPO
Technology
44.08%
Finance
14.46%
Healthcare
12.79%
Industrials
11.31%
Consumer Services
7.24%
Other
10.11%
CTEF
Technology
32.14%
Finance
26.31%
Industrials
14.79%
Healthcare
8.46%
Consumer Cyclical.
8.03%
Other
10.27%
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Diversification
IPO
Total weight of top 15 holdings out of 15
70.55%
CTEF
Total weight of top 15 holdings out of 15
73.3%
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%
CTEF
Micron Technology, Inc.
8.52%
Lam Research Corp.
5.83%
Dave, Inc.
5.57%
Comfort Systems USA, Inc.
5.43%
Western Digital Corp.
5.02%
Modine Manufacturing Co.
4.99%
Jabil, Inc.
4.80%
Bread Financial Holdings, Inc.
4.60%
Virtu Financial, Inc.
4.56%
Blue Bird Corp.
4.37%
Tapestry, Inc.
4.05%
Deckers Outdoor Corp.
3.98%
Frontdoor, Inc.
3.97%
Affiliated Managers Group, Inc.
3.88%
Palomar Holdings, Inc.
3.73%
Frequently asked questions about IPO and CTEF
How have the IPO and CTEF ETFs performed in 2026?
As of July 31, 2026, IPO is up 12.1% year-to-date (YTD), while CTEF has returned 34.18%. That puts CTEF better performer ahead so far this year.
Which ETF is attracting more investor money: IPO or CTEF?
Year-to-date, the IPO ETF saw -$3M in flows, compared to +$16M for CTEF.
Which ETF is more volatile: IPO or CTEF?
Over the past year, IPO had a volatility of 31.86%, while CTEF experienced 23.43%.
Which ETF is bigger: IPO or CTEF?
As of July 31, 2026, IPO holds $148.22 M in assets under management (AUM), while CTEF manages $651.06 M.
What sectors do the IPO and CTEF ETFs invest in?
IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, CTEF focuses on Technology, Finance and Industrials.
What are the top holdings of the IPO ETF and CTEF ETF?
IPO top holdings include Astera Labs, Inc., CoreWeave, Inc. and Arm Holdings Plc. CTEF holds in its top three: Micron Technology, Inc., Lam Research Corp. and Dave, Inc..
Which ETF is more diversified: IPO or CTEF?
IPO holds 52 securities with 70.55% of its assets in the top 15. CTEF has 22 securities and a top 15 weight of 73.3%.
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Latest news about IPO & CTEF
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