BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

IPOvsTSNFETF Comparison

ETF 1

IPO

Renaissance IPO ETF

This fund is part of

US Multi-Factor

+0.96%

Full IPO fund page

VS

ETF 2

TSNF

Truth Social American Next Frontiers ETF

This fund is part of

Multiple Trends

+2.9%

Full TSNF fund page

Renaissance IPO ETF (IPO) belongs to the US Multi-Factor segment. Truth Social American Next Frontiers ETF (TSNF) is part of the Multiple Trends segment. IPO's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, TSNF's top sector exposures are Technology, Healthcare and Industrials. IPO is less expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.65% for TSNF. IPO is up 16.52% year-to-date (YTD) with -$3M in YTD flows. TSNF performs better with 21.54% YTD performance, and +$6M in YTD flows. Run a side-by-side ETF comparison of IPO and TSNF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

IPO vs TSNF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 08/03/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	IPO TSNF	-7.71%-5.08%	+5.93%+4.90%	+16.52%+21.54%	+12.38%n/a	+53.78%n/a	-15.74%n/a
Flows	IPO TSNF	-$8M-	+$3M-$4M	-$3M+$6M	-$10M-	-$120M-	-$254M-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	IPO TSNF	+37.12%+37.67%	+31.93%n/a	+29.74%n/a	+36.45%n/a
Max drawdown	IPO TSNF	-16.35%-19.23%	-26.15%n/a	-32.13%n/a	-66.02%n/a
Max drawdown duration	IPO TSNF	34d62d	249dn/a	181dn/a	1775dn/a

Trading data

Create an account to view trading data

Join for free

	IPO	TSNF
Last sale 8/4/2026 at 2:16 PM	$54.73	$30.59
Previous close 08/03/2026	$53.13	$29.93
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

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	IPO	TSNF
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 8/4/2026 at 2:16 PM

Live

Closed

	IPO	TSNF
Last price	$54.73	$30.59
1D performance	+3.01%	+2.19%
AuM	$154.06 M	$8.08 M
E/R	0.6%	0.65%

Characteristics

	IPO	TSNF
Management strategy	Passive	Passive
Provider	Renaissance Capital	Truth Social Funds
Benchmark	Renaissance IPO Index	Truth Social - Yorkville American Next Frontiers Index
N° of holdings	51	141
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	October 14, 2013	December 29, 2025
ESG	No	No

More IPO data on Trackinsight

More TSNF data on Trackinsight

Exposure

Countries

IPO

USA

76.66%

United Kingdom

10.35%

Other

13%

TSNF

USA

93.1%

Other

6.9%

Sectors

IPO

Technology

44.08%

Finance

14.46%

Healthcare

12.79%

Industrials

11.31%

Consumer Services

7.24%

Other

10.11%

TSNF

Technology

43.33%

Healthcare

18.1%

Industrials

13.38%

Finance

10.95%

Other

14.24%

Diversification

IPO

Total weight of top 15 holdings out of 15

70.55%

TSNF

Total weight of top 15 holdings out of 15

12.31%

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%

TSNF

Bio-Techne Corp.

0.91%

Applied Materials, Inc.

0.85%

Micron Technology, Inc.

0.85%

Teradyne, Inc.

0.84%

Entegris, Inc.

0.84%

MKS, Inc.

0.83%

Cipher Digital, Inc.

0.83%

Onto Innovation, Inc.

0.81%

Natera, Inc.

0.81%

Riot Platforms, Inc.

0.80%

Intel Corp.

0.80%

Astera Labs, Inc.

0.79%

Lam Research Corp.

0.79%

Charles River Laboratories International, Inc.

0.78%

Block, Inc.

0.78%

Frequently asked questions about IPO and TSNF

How have the IPO and TSNF ETFs performed in 2026?

As of August 3, 2026, IPO is up 16.52% year-to-date (YTD), while TSNF has returned 21.54%. That puts TSNF better performer ahead so far this year.

Which ETF is attracting more investor money: IPO or TSNF?

Year-to-date, the IPO ETF saw -$3M in flows, compared to +$6M for TSNF.

Which ETF is bigger: IPO or TSNF?

As of August 3, 2026, IPO holds $154.06 M in assets under management (AUM), while TSNF manages $8.08 M.

What sectors do the IPO and TSNF ETFs invest in?

IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, TSNF focuses on Technology, Healthcare and Industrials.

What are the top holdings of the IPO ETF and TSNF ETF?

IPO top holdings include Astera Labs, Inc., CoreWeave, Inc. and Arm Holdings Plc. TSNF holds in its top three: Bio-Techne Corp., Applied Materials, Inc. and Micron Technology, Inc..

Which ETF is more diversified: IPO or TSNF?

IPO holds 52 securities with 70.55% of its assets in the top 15. TSNF has 141 securities and a top 15 weight of 12.31%.

There's an ETF for That? Investing in IPOs, Mergers, and Spin-Offs

April 10, 2024

IPO

IPOvsTSNFETF Comparison

Renaissance IPO ETF

Truth Social American Next Frontiers ETF

IPO vs TSNF performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the IPO and TSNF ETFs performed in 2026?

As of August 3, 2026, IPO is up 16.52% year-to-date (YTD), while TSNF has returned 21.54%. That puts TSNF better performer ahead so far this year.

Which ETF is attracting more investor money: IPO or TSNF?

Year-to-date, the IPO ETF saw -$3M in flows, compared to +$6M for TSNF.

Which ETF is bigger: IPO or TSNF?

As of August 3, 2026, IPO holds $154.06 M in assets under management (AUM), while TSNF manages $8.08 M.

What sectors do the IPO and TSNF ETFs invest in?

IPO leans toward sectors like Technology, Finance and Healthcare. Meanwhile, TSNF focuses on Technology, Healthcare and Industrials.

What are the top holdings of the IPO ETF and TSNF ETF?

IPO top holdings include Astera Labs, Inc., CoreWeave, Inc. and Arm Holdings Plc. TSNF holds in its top three: Bio-Techne Corp., Applied Materials, Inc. and Micron Technology, Inc..

Which ETF is more diversified: IPO or TSNF?

IPO holds 52 securities with 70.55% of its assets in the top 15. TSNF has 141 securities and a top 15 weight of 12.31%.

There's an ETF for That? Investing in IPOs, Mergers, and Spin-Offs

Build and Analyze Your ETF Portfolio Like a Pro