IPOvsFPXETF Comparison
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Renaissance IPO ETF (IPO) belongs to the US Multi-Factor segment. First Trust US Equity Opportunities ETF (FPX) is part of the US Large Cap segment. IPO's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, FPX's top sector exposures are Technology, Healthcare and Finance. IPO is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.61% for FPX. IPO is up 3.8% year-to-date (YTD) with -$12M in YTD flows. FPX performs better with 6.32% YTD performance, and +$125M in YTD flows. Run a side-by-side ETF comparison of IPO and FPX 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 FPX 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 FPX | -10.11%-2.53% | -9.41%+1.13% | +3.80%+6.32% | -0.60%+2.34% | +61.85%+129.60% | -30.91%+35.94% |
| Flows | IPO FPX | --$27M | -$8M-$53M | -$12M+$125M | -$23M+$158M | -$99M+$96M | -$201M-$612M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO FPX | +32.49%+22.60% | +32.95%+26.63% | +30.19%+26.83% | +36.76%+27.27% |
| Max drawdown | IPO FPX | -17.18%-12.55% | -20.51%-17.90% | -32.13%-30.75% | -65.66%-43.15% |
| Max drawdown duration | IPO FPX | 78d73d | 122d121d | 181d125d | 1822d1183d |
Trading data
IPO | FPX | |
Last sale 11/2/2026 at 2:30 PM | $46.33 | $167.29 |
| Previous close 10/30/2026 | $47.31 | $169.24 |
| 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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IPO | FPX | |
|---|---|---|
| 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 | FPX | |
|---|---|---|
| Last price | $46.33 | $167.29 |
| 1D performance | -2.07% | -1.15% |
| AuM | $130.14 M | $1.39 B |
| E/R | 0.6% | 0.61% |
Characteristics
IPO | FPX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Renaissance Capital | First Trust |
| Benchmark | Renaissance IPO Index | IPOX U.S. 100 Index |
| N° of holdings | 54 | 100 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2013 | April 12, 2006 |
| ESG | No | No |
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Exposure
Countries
IPO
USA
80.44%
Republic of Korea
9.58%
Other
9.98%
FPX
USA
90.59%
Other
9.41%
Sectors
IPO
Technology
45.33%
Finance
14.65%
Healthcare
13.24%
Telecommunication.
9.87%
Industrials
8.58%
Other
8.34%
FPX
Technology
27.63%
Healthcare
20.83%
Finance
14.57%
Industrials
11.01%
Telecommunication.
7.8%
Other
18.16%
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Diversification
IPO
Total weight of top 15 holdings out of 15
73.39%
FPX
Total weight of top 15 holdings out of 15
55.08%
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%
FPX
GE Vernova, Inc.
7.76%
Sandisk Corp.
7.15%
Eli Lilly & Co.
7.10%
Space Exploration Technologies Corp.
6.15%
Seagate Technology Holdings Plc
5.64%
Lumentum Holdings, Inc.
3.07%
HF Sinclair Corp.
3.06%
Warner Bros. Discovery, Inc.
3.06%
Twilio, Inc.
2.27%
Corpay, Inc.
1.96%
The Goldman Sachs Group, Inc.
1.78%
Unity Software, Inc.
1.57%
DoorDash, Inc.
1.55%
Applovin Corp.
1.54%
Dave, Inc.
1.42%
Frequently asked questions about IPO and FPX
How have the IPO and FPX ETFs performed in 2026?
As of October 30, 2026, IPO is up 3.8% year-to-date (YTD), while FPX has returned 6.32%. That puts FPX better performer ahead so far this year.
Which ETF is attracting more investor money: IPO or FPX?
Year-to-date, the IPO ETF saw -$12M in flows, compared to +$125M for FPX.
Which ETF is more volatile: IPO or FPX?
Over the past year, IPO had a volatility of 32.95%, while FPX experienced 26.63%.
Which ETF is bigger: IPO or FPX?
As of October 30, 2026, IPO holds $130.14 M in assets under management (AUM), while FPX manages $1.39 B.
What sectors do the IPO and FPX ETFs invest in?
IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, FPX focuses on Technology, Healthcare and Finance.
What are the top holdings of the IPO ETF and FPX ETF?
IPO top holdings include Astera Labs, Inc., Space Exploration Technologies Corp. and SK hynix, Inc.. FPX holds in its top three: GE Vernova, Inc., Sandisk Corp. and Eli Lilly & Co..
Which ETF is more diversified: IPO or FPX?
IPO holds 54 securities with 73.39% of its assets in the top 15. FPX has 100 securities and a top 15 weight of 55.08%.
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Latest news about IPO & FPX
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