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, Industrials and Healthcare. IPO is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.61% for FPX. IPO is up 16.52% year-to-date (YTD) with -$3M in YTD flows. FPX performs worse with 8.37% YTD performance, and +$169M 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 08/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IPO FPX | -7.71%-11.66% | +5.93%-3.04% | +16.52%+8.37% | +12.38%+17.39% | +53.78%+87.54% | -15.74%+40.84% |
| Flows | IPO FPX | -$8M+$31M | +$3M+$160M | -$3M+$169M | -$10M+$266M | -$120M+$74M | -$254M-$649M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO FPX | +37.12%+31.60% | +31.93%+26.53% | +29.74%+26.93% | +36.45%+27.26% |
| Max drawdown | IPO FPX | -16.35%-16.44% | -26.15%-16.44% | -32.13%-30.75% | -66.02%-43.15% |
| Max drawdown duration | IPO FPX | 34d31d | 249d31d | 181d125d | 1775d1183d |
Trading data
IPO | FPX | |
Last sale 8/4/2026 at 2:16 PM | $54.73 | $185.69 |
| Previous close 08/03/2026 | $53.13 | $180.45 |
| Consolidated volume 08/03/2026 | ||
| 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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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 8/4/2026 at 2:16 PM
Live
Closed
IPO | FPX | |
|---|---|---|
| Last price | $54.73 | $185.69 |
| 1D performance | +3.01% | +2.91% |
| AuM | $154.06 M | $1.47 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 | 51 | 94 |
| 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
76.66%
United Kingdom
10.35%
Other
13%
FPX
USA
92.86%
Other
7.14%
Sectors
IPO
Technology
44.08%
Finance
14.46%
Healthcare
12.79%
Industrials
11.31%
Consumer Services
7.24%
Other
10.11%
FPX
Technology
29.2%
Industrials
17.55%
Healthcare
15.33%
Finance
8.86%
Consumer Services
8.02%
Other
21.04%
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Diversification
IPO
Total weight of top 15 holdings out of 15
70.55%
FPX
Total weight of top 15 holdings out of 15
53.51%
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%
FPX
GE Vernova, Inc.
11.06%
Sandisk Corp.
9.49%
Seagate Technology Holdings Plc
6.09%
Eli Lilly & Co.
3.33%
Medline, Inc.
2.71%
Warner Bros. Discovery, Inc.
2.66%
Applovin Corp.
2.63%
Lumentum Holdings, Inc.
2.47%
AST Spacemobile, Inc.
2.09%
UL Solutions, Inc.
1.95%
US84615Q1031
1.93%
FedEx Corp.
1.83%
BrightSpring Health Services, Inc.
1.79%
Solstice Advanced Materials, Inc.
1.74%
DT Midstream, Inc.
1.74%
Frequently asked questions about IPO and FPX
How have the IPO and FPX ETFs performed in 2026?
As of August 3, 2026, IPO is up 16.52% year-to-date (YTD), while FPX has returned 8.37%. That puts IPO better performer ahead so far this year.
Which ETF is attracting more investor money: IPO or FPX?
Year-to-date, the IPO ETF saw -$3M in flows, compared to +$169M for FPX.
Which ETF is more volatile: IPO or FPX?
Over the past year, IPO had a volatility of 31.93%, while FPX experienced 26.53%.
Which ETF is bigger: IPO or FPX?
As of August 3, 2026, IPO holds $154.06 M in assets under management (AUM), while FPX manages $1.47 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, Industrials and Healthcare.
What are the top holdings of the IPO ETF and FPX ETF?
IPO top holdings include Astera Labs, Inc., CoreWeave, Inc. and Arm Holdings Plc. FPX holds in its top three: GE Vernova, Inc., Sandisk Corp. and Seagate Technology Holdings Plc.
Which ETF is more diversified: IPO or FPX?
IPO holds 52 securities with 70.55% of its assets in the top 15. FPX has 94 securities and a top 15 weight of 53.51%.
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Latest news about IPO & FPX
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