IPOvsFEMGETF Comparison
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Renaissance IPO ETF (IPO) and Fidelity Enhanced Mid Cap Growth ETF (FEMG) belong to the same industry segment: US Multi-Factor. IPO's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, FEMG's top sector exposures are Technology, Industrials and Healthcare. IPO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.23% for FEMG. Run a side-by-side ETF comparison of IPO and FEMG 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 FEMG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IPO FEMG | -10.11%-3.51% | -9.41%-2.01% | +3.80%n/a | -0.60%n/a | +61.85%n/a | -30.91%n/a |
| Flows | IPO FEMG | -- | -$8M- | -$12M- | -$23M- | -$99M- | -$201M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO FEMG | +32.49%+19.46% | +32.95%n/a | +30.19%n/a | +36.76%n/a |
| Max drawdown | IPO FEMG | -17.18%-8.59% | -20.51%n/a | -32.13%n/a | -65.66%n/a |
| Max drawdown duration | IPO FEMG | 78d74d | 122dn/a | 181dn/a | 1822dn/a |
Trading data
IPO | FEMG | |
Last sale 11/2/2026 at 2:30 PM | $46.33 | $24.71 |
| Previous close 10/30/2026 | $47.31 | $24.99 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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FEMG
is actively managed and doesn’t replicate an indexIPO | FEMG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
IPO | FEMG | |
|---|---|---|
| Last price | $46.33 | $24.71 |
| 1D performance | -2.07% | -1.13% |
| AuM | $130.14 M | $6.25 M |
| E/R | 0.6% | 0.23% |
Characteristics
IPO | FEMG | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Renaissance Capital | Fidelity |
| Benchmark | Renaissance IPO Index | - |
| N° of holdings | 54 | 164 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2013 | April 29, 2026 |
| ESG | No | No |
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Exposure
Countries
IPO
USA
80.44%
Republic of Korea
9.58%
Other
9.98%
FEMG
USA
97.03%
Other
2.97%
Sectors
IPO
Technology
45.33%
Finance
14.65%
Healthcare
13.24%
Telecommunication.
9.87%
Industrials
8.58%
Other
8.34%
FEMG
Technology
38.75%
Industrials
16.72%
Healthcare
12.28%
Finance
8.93%
Other
23.32%
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Diversification
IPO
Total weight of top 15 holdings out of 15
73.39%
FEMG
Total weight of top 15 holdings out of 15
32.01%
Top 15 holdings
Data as of September 30, 2026
IPO
Astera Labs, Inc.
12.09%
Space Exploration Technologies Corp.
9.87%
SK hynix, Inc.
9.58%
CoreWeave, Inc.
7.09%
Reddit, Inc.
5.10%
Rubrik, Inc.
4.63%
Medline, Inc.
4.06%
Circle Internet Group, Inc.
3.83%
Viking Holdings Ltd. (Bermuda)
3.62%
Kaspi.kz JSC
2.61%
American Healthcare REIT, Inc.
2.55%
BrightSpring Health Services, Inc.
2.43%
Tempus AI, Inc.
2.29%
Forgent Power Solutions, Inc.
1.85%
Chime Financial, Inc.
1.80%
FEMG
Snowflake, Inc.
3.69%
Cloudflare, Inc.
3.67%
Datadog, Inc.
3.15%
Comfort Systems USA, Inc.
2.18%
Targa Resources Corp.
2.17%
Natera, Inc.
2.01%
Fastenal Co.
1.90%
Vistra Corp.
1.80%
Robinhood Markets, Inc.
1.79%
Astera Labs, Inc.
1.78%
Lumentum Holdings, Inc.
1.75%
Anglogold Ashanti Plc
1.73%
Credo Technology Group Holding Ltd.
1.50%
Teradyne, Inc.
1.48%
Everpure, Inc.
1.42%
Frequently asked questions about IPO and FEMG
Which ETF is bigger: IPO or FEMG?
As of October 30, 2026, IPO holds $130.14 M in assets under management (AUM), while FEMG manages $6.25 M.
What sectors do the IPO and FEMG ETFs invest in?
IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FEMG focuses on Technology, Industrials and Healthcare.
What are the top holdings of the IPO ETF and FEMG ETF?
IPO top holdings include Astera Labs, Inc., Space Exploration Technologies Corp. and SK hynix, Inc.. FEMG holds in its top three: Snowflake, Inc., Cloudflare, Inc. and Datadog, Inc..
Which ETF is more diversified: IPO or FEMG?
IPO holds 54 securities with 73.39% of its assets in the top 15. FEMG has 165 securities and a top 15 weight of 32.01%.
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Latest news about IPO & FEMG
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