Strategy

IPOs & Spinoffs ETFs

IPO funds hold recent listings for a fixed window, which makes them high-beta growth vehicles that boom and bust with the issuance cycle. Spinoff funds are the opposite: unloved carve-outs that historically reward patience.

Theme performance

Equal-weighted across every fund in this objective

1Y: +17.0%
5Y ann.: +4.7%
10Y ann.: —
All-time ann.: —

Sort3 funds

FPX

First Trust US Equity Opportunities ETF

First Trust

Broader, calmer IPO exposure: the largest new listings held for up to four years.

Fee: 0.58%
AUM: $800M
Yield: 0.3%

1Y: +17.1%
5Y ann.: +4.6%
10Y ann.: —
Max ann.: —

IPO

Renaissance IPO ETF

Renaissance

Holds sizeable US IPOs for their first two years of trading, then rolls them out.

Fee: 0.60%
AUM: $200M
Yield: 0.0%

1Y: +21.4%
5Y ann.: -2.4%
10Y ann.: —
Max ann.: —

CSD

Invesco S&P Spin-Off ETF

Invesco

Companies recently spun out of larger parents, held while the market re-rates them.

Fee: 0.65%
AUM: $50M
Yield: 0.9%

1Y: +12.4%
5Y ann.: +11.9%
10Y ann.: —
Max ann.: —