IPOvsFDIFETF Comparison
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Renaissance IPO ETF (IPO) belongs to the US Multi-Factor segment. Fidelity Disruptors ETF (FDIF) is part of the Multiple Trends segment. IPO's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, FDIF's top sector exposures are Technology, Healthcare and Finance. IPO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.5% for FDIF. IPO is up 12.1% year-to-date (YTD) with -$3M in YTD flows. FDIF performs worse with 8.61% YTD performance, and -$7M in YTD flows. Run a side-by-side ETF comparison of IPO and FDIF 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 FDIF 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 FDIF | -12.58%-4.02% | +2.91%+4.70% | +12.10%+8.61% | +11.51%+13.58% | +40.85%+53.15% | -18.60%n/a |
| Flows | IPO FDIF | -$8M-$4M | +$3M-$4M | -$3M-$7M | -$12M-$7M | -$136M-$35M | -$254M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO FDIF | +36.35%+20.78% | +31.86%+18.89% | +29.70%+18.96% | +36.41%n/a |
| Max drawdown | IPO FDIF | -16.35%-6.95% | -26.15%-14.85% | -32.13%-22.74% | -66.02%n/a |
| Max drawdown duration | IPO FDIF | 31d25d | 249d105d | 181d129d | 1772dn/a |
Trading data
IPO | FDIF | |
Last sale 8/3/2026 at 1:37 PM | $51.36 | |
| Previous close 07/31/2026 | $51.15 | |
| 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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FDIF
is actively managed and doesn’t replicate an indexIPO | FDIF | |
|---|---|---|
| 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 | FDIF | |
|---|---|---|
| Last price | $51.36 | – |
| 1D performance | +0.41% | – |
| AuM | $148.22 M | $101.89 M |
| E/R | 0.6% | 0.5% |
Characteristics
IPO | FDIF | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Renaissance Capital | Fidelity |
| Benchmark | Renaissance IPO Index | - |
| N° of holdings | 51 | 217 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2013 | June 19, 2023 |
| ESG | No | No |
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Exposure
Countries
IPO
USA
76.66%
United Kingdom
10.35%
Other
13%
FDIF
USA
70.42%
Taiwan
7.08%
Other
22.5%
Sectors
IPO
Technology
44.08%
Finance
14.46%
Healthcare
12.79%
Industrials
11.31%
Consumer Services
7.24%
Other
10.11%
FDIF
Technology
42.1%
Healthcare
18.97%
Finance
14.43%
Industrials
12.49%
Other
12.01%
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Diversification
IPO
Total weight of top 15 holdings out of 15
70.55%
FDIF
Total weight of top 15 holdings out of 15
27.8%
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%
FDIF
Taiwan Semiconductor Manufacturing Co., Ltd.
3.82%
NVIDIA Corp.
3.08%
Micron Technology, Inc.
2.47%
Marvell Technology, Inc.
2.35%
Amazon.com, Inc.
2.28%
Meta Platforms, Inc.
1.77%
Alphabet, Inc.
1.67%
Arista Networks, Inc.
1.62%
Teradyne, Inc.
1.51%
Alphabet, Inc.
1.43%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.38%
Microsoft Corp.
1.17%
Western Digital Corp.
1.11%
Twilio, Inc.
1.09%
Deere & Co.
1.06%
Frequently asked questions about IPO and FDIF
How have the IPO and FDIF ETFs performed in 2026?
As of July 31, 2026, IPO is up 12.1% year-to-date (YTD), while FDIF has returned 8.61%. That puts IPO better performer ahead so far this year.
Which ETF is attracting more investor money: IPO or FDIF?
Year-to-date, the IPO ETF saw -$3M in flows, compared to -$7M for FDIF.
Which ETF is more volatile: IPO or FDIF?
Over the past year, IPO had a volatility of 31.86%, while FDIF experienced 18.89%.
Which ETF is bigger: IPO or FDIF?
As of July 31, 2026, IPO holds $148.22 M in assets under management (AUM), while FDIF manages $101.89 M.
What sectors do the IPO and FDIF ETFs invest in?
IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FDIF focuses on Technology, Healthcare and Finance.
What are the top holdings of the IPO ETF and FDIF ETF?
IPO top holdings include Astera Labs, Inc., CoreWeave, Inc. and Arm Holdings Plc. FDIF holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., NVIDIA Corp. and Micron Technology, Inc..
Which ETF is more diversified: IPO or FDIF?
IPO holds 52 securities with 70.55% of its assets in the top 15. FDIF has 221 securities and a top 15 weight of 27.8%.
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