IPOvsOPTZETF Comparison
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Renaissance IPO ETF (IPO) and Optimize Strategy Index ETF (OPTZ) belong to the same industry segment: US Multi-Factor. Both ETFs have the same top 3 sector exposures: Technology, Finance and Healthcare. IPO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.25% for OPTZ. IPO is up 12.1% year-to-date (YTD) with -$3M in YTD flows. OPTZ performs better with 24.73% YTD performance, and +$7M in YTD flows. Run a side-by-side ETF comparison of IPO and OPTZ 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 OPTZ 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 OPTZ | -12.58%-9.63% | +2.91%+7.25% | +12.10%+24.73% | +11.51%+40.01% | +40.85%n/a | -18.60%n/a |
| Flows | IPO OPTZ | -$8M+$2M | +$3M+$21K | -$3M+$7M | -$12M+$9M | -$136M- | -$254M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO OPTZ | +36.35%+30.02% | +31.86%+21.85% | +29.70%n/a | +36.41%n/a |
| Max drawdown | IPO OPTZ | -16.35%-13.30% | -26.15%-13.30% | -32.13%n/a | -66.02%n/a |
| Max drawdown duration | IPO OPTZ | 31d30d | 249d30d | 181dn/a | 1772dn/a |
Trading data
IPO | OPTZ | |
Last sale 8/3/2026 at 1:37 PM | $51.36 | $44.92 |
| Previous close 07/31/2026 | $51.15 | $44.86 |
| 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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IPO | OPTZ | |
|---|---|---|
| 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 | OPTZ | |
|---|---|---|
| Last price | $51.36 | $44.92 |
| 1D performance | +0.41% | +0.14% |
| AuM | $148.22 M | $259.73 M |
| E/R | 0.6% | 0.25% |
Characteristics
IPO | OPTZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Renaissance Capital | Optimize Financial |
| Benchmark | Renaissance IPO Index | Optimize Strategy Index |
| N° of holdings | 51 | 331 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2013 | April 23, 2024 |
| ESG | No | No |
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Exposure
Countries
IPO
USA
76.66%
United Kingdom
10.35%
Other
13%
OPTZ
USA
92.13%
Other
7.87%
Sectors
IPO
Technology
44.08%
Finance
14.46%
Healthcare
12.79%
Industrials
11.31%
Consumer Services
7.24%
Other
10.11%
OPTZ
Technology
49.52%
Finance
9.96%
Healthcare
9.66%
Industrials
9.21%
Other
21.65%
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Diversification
IPO
Total weight of top 15 holdings out of 15
70.55%
OPTZ
Total weight of top 15 holdings out of 15
34.44%
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%
OPTZ
Sandisk Corp.
4.03%
Penguin Solutions, Inc.
3.47%
Micron Technology, Inc.
3.11%
Advanced Micro Devices, Inc.
2.75%
Seagate Technology Holdings Plc
2.59%
Western Digital Corp.
2.43%
TTM Technologies, Inc.
2.21%
Applied Materials, Inc.
1.96%
Lam Research Corp.
1.93%
KLA Corp.
1.88%
MACOM Technology Solutions Holdings, Inc.
1.81%
Coherent Corp.
1.64%
Teradyne, Inc.
1.63%
Arrow Electronics, Inc.
1.58%
Lumentum Holdings, Inc.
1.42%
Frequently asked questions about IPO and OPTZ
How have the IPO and OPTZ ETFs performed in 2026?
As of July 31, 2026, IPO is up 12.1% year-to-date (YTD), while OPTZ has returned 24.73%. That puts OPTZ better performer ahead so far this year.
Which ETF is attracting more investor money: IPO or OPTZ?
Year-to-date, the IPO ETF saw -$3M in flows, compared to +$7M for OPTZ.
Which ETF is more volatile: IPO or OPTZ?
Over the past year, IPO had a volatility of 31.86%, while OPTZ experienced 21.85%.
Which ETF is bigger: IPO or OPTZ?
As of July 31, 2026, IPO holds $148.22 M in assets under management (AUM), while OPTZ manages $259.73 M.
What sectors do the IPO and OPTZ ETFs invest in?
IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, OPTZ focuses on Technology, Finance and Healthcare.
What are the top holdings of the IPO ETF and OPTZ ETF?
IPO top holdings include Astera Labs, Inc., CoreWeave, Inc. and Arm Holdings Plc. OPTZ holds in its top three: Sandisk Corp., Penguin Solutions, Inc. and Micron Technology, Inc..
Which ETF is more diversified: IPO or OPTZ?
IPO holds 52 securities with 70.55% of its assets in the top 15. OPTZ has 333 securities and a top 15 weight of 34.44%.
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Latest news about IPO & OPTZ
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