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 13.45% year-to-date (YTD) with -$12M in YTD flows. FDIF performs better with 14.44% 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 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IPO FDIF | -9.31%-2.40% | -10.79%+3.38% | +13.45%+14.44% | -1.31%+16.38% | +56.96%+72.47% | -22.95%n/a |
| Flows | IPO FDIF | -$3M- | -$13M-$4M | -$12M-$7M | -$38M-$7M | -$119M-$33M | -$214M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO FDIF | +32.72%+18.34% | +32.32%+19.20% | +29.96%+19.06% | +36.61%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 | 76d28d | 249d105d | 181d129d | 1817dn/a |
Trading data
IPO | FDIF | |
Last sale 9/15/2026 at 1:30 PM | $51.10 | |
| Previous close 09/14/2026 | $51.75 | |
| Consolidated volume 09/14/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 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 9/15/2026 at 1:30 PM
Live
Closed
IPO | FDIF | |
|---|---|---|
| Last price | $51.10 | – |
| 1D performance | -1.26% | – |
| AuM | $142.25 M | $107.36 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 | 52 | 224 |
| 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
79.23%
United Kingdom
8.58%
Other
12.19%
FDIF
USA
70.38%
Other
29.62%
Sectors
IPO
Technology
41.09%
Finance
16.9%
Healthcare
13.81%
Industrials
10.84%
Consumer Services
8.24%
Other
9.12%
FDIF
Technology
39.91%
Healthcare
19.56%
Finance
16.19%
Industrials
12.53%
Other
11.81%
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Diversification
IPO
Total weight of top 15 holdings out of 15
67.46%
FDIF
Total weight of top 15 holdings out of 15
26.34%
Top 15 holdings
Data as of July 31, 2026
IPO
Astera Labs, Inc.
9.19%
CoreWeave, Inc.
7.74%
Arm Holdings Plc
6.82%
Reddit, Inc.
6.11%
Viking Holdings Ltd. (Bermuda)
6.02%
Medline, Inc.
5.74%
Rubrik, Inc.
3.65%
Circle Internet Group, Inc.
3.65%
American Healthcare REIT, Inc.
3.46%
BrightSpring Health Services, Inc.
3.10%
Kaspi.kz JSC
3.07%
UL Solutions, Inc.
2.29%
Cerebras Systems, Inc.
2.24%
Maplebear, Inc.
2.22%
StandardAero, Inc.
2.18%
FDIF
Taiwan Semiconductor Manufacturing Co., Ltd.
3.53%
NVIDIA Corp.
3.20%
Amazon.com, Inc.
2.30%
Meta Platforms, Inc.
1.94%
Micron Technology, Inc.
1.82%
Arista Networks, Inc.
1.78%
Alphabet, Inc.
1.69%
Marvell Technology, Inc.
1.56%
Alphabet, Inc.
1.44%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.34%
Microsoft Corp.
1.25%
Palantir Technologies, Inc.
1.13%
Twilio, Inc.
1.13%
Deere & Co.
1.12%
Teradyne, Inc.
1.12%
Frequently asked questions about IPO and FDIF
How have the IPO and FDIF ETFs performed in 2026?
As of September 14, 2026, IPO is up 13.45% year-to-date (YTD), while FDIF has returned 14.44%. That puts FDIF better performer ahead so far this year.
Which ETF is attracting more investor money: IPO or FDIF?
Year-to-date, the IPO ETF saw -$12M in flows, compared to -$7M for FDIF.
Which ETF is more volatile: IPO or FDIF?
Over the past year, IPO had a volatility of 32.32%, while FDIF experienced 19.2%.
Which ETF is bigger: IPO or FDIF?
As of September 14, 2026, IPO holds $142.25 M in assets under management (AUM), while FDIF manages $107.36 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 Amazon.com, Inc..
Which ETF is more diversified: IPO or FDIF?
IPO holds 52 securities with 67.46% of its assets in the top 15. FDIF has 226 securities and a top 15 weight of 26.34%.
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Latest news about IPO & FDIF
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