IPOvsTSCMETF Comparison
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Renaissance IPO ETF (IPO) and TimesSquare Quality Mid Cap Growth ETF (TSCM) belong to the same industry segment: US Multi-Factor. IPO's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, TSCM's top sector exposures are Technology, Industrials and Healthcare. IPO is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.55% for TSCM. IPO is up 3.8% year-to-date (YTD) with -$12M in YTD flows. TSCM performs worse with -5.6% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of IPO and TSCM 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 TSCM 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 TSCM | -10.11%-2.99% | -9.41%-6.73% | +3.80%-5.60% | -0.60%n/a | +61.85%n/a | -30.91%n/a |
| Flows | IPO TSCM | -+$383K | -$8M+$799K | -$12M+$41M | -$23M- | -$99M- | -$201M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IPO TSCM | +32.49%+20.31% | +32.95%n/a | +30.19%n/a | +36.76%n/a |
| Max drawdown | IPO TSCM | -17.18%-13.39% | -20.51%n/a | -32.13%n/a | -65.66%n/a |
| Max drawdown duration | IPO TSCM | 78d75d | 122dn/a | 181dn/a | 1822dn/a |
Trading data
IPO | TSCM | |
Last sale 10/30/2026 at 1:30 PM | $47.31 | $18.61 |
| Previous close 10/29/2026 | $50.47 | $19.22 |
| Consolidated volume 10/29/2026 | ||
| 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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TSCM
is actively managed and doesn’t replicate an indexIPO | TSCM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
IPO | TSCM | |
|---|---|---|
| Last price | $47.31 | $18.61 |
| 1D performance | -6.26% | -3.15% |
| AuM | $130.14 M | $41.70 M |
| E/R | 0.6% | 0.55% |
Characteristics
IPO | TSCM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Renaissance Capital | AMG |
| Benchmark | Renaissance IPO Index | - |
| N° of holdings | 54 | 40 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 14, 2013 | December 29, 2025 |
| ESG | No | No |
Exposure
Countries
IPO
USA
80.44%
Republic of Korea
9.58%
Other
9.98%
TSCM
USA
93.16%
Other
6.84%
Sectors
IPO
Technology
45.33%
Finance
14.65%
Healthcare
13.24%
Telecommunication.
9.87%
Industrials
8.58%
Other
8.34%
TSCM
Technology
37.39%
Industrials
13.97%
Healthcare
11.87%
Finance
9.45%
Other
27.32%
Diversification
IPO
Total weight of top 15 holdings out of 15
73.39%
TSCM
Total weight of top 15 holdings out of 15
51.11%
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%
TSCM
JFrog Ltd.
3.92%
EMCOR Group, Inc.
3.78%
Snowflake, Inc.
3.71%
Ross Stores, Inc.
3.59%
Comfort Systems USA, Inc.
3.58%
Astera Labs, Inc.
3.53%
Curtiss-Wright Corp.
3.50%
Encompass Health Corp.
3.47%
Casey's General Stores, Inc.
3.39%
ServiceTitan, Inc.
3.16%
Vertiv Holdings Co.
3.11%
Lumentum Holdings, Inc.
3.10%
IDEXX Laboratories, Inc.
3.10%
Cameco Corp.
3.09%
Take-Two Interactive Software, Inc.
3.07%
Frequently asked questions about IPO and TSCM
How have the IPO and TSCM ETFs performed in 2026?
As of October 30, 2026, IPO is up 3.8% year-to-date (YTD), while TSCM has lost -5.6%. That puts IPO better performer ahead so far this year.
Which ETF is attracting more investor money: IPO or TSCM?
Year-to-date, the IPO ETF saw -$12M in flows, compared to +$41M for TSCM.
Which ETF is bigger: IPO or TSCM?
As of October 30, 2026, IPO holds $130.14 M in assets under management (AUM), while TSCM manages $41.70 M.
What sectors do the IPO and TSCM ETFs invest in?
IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, TSCM focuses on Technology, Industrials and Healthcare.
What are the top holdings of the IPO ETF and TSCM ETF?
IPO top holdings include Astera Labs, Inc., Space Exploration Technologies Corp. and SK hynix, Inc.. TSCM holds in its top three: JFrog Ltd., EMCOR Group, Inc. and Snowflake, Inc..
Which ETF is more diversified: IPO or TSCM?
IPO holds 54 securities with 73.39% of its assets in the top 15. TSCM has 40 securities and a top 15 weight of 51.11%.
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