"The Renaissance IPO ETF (IPO) is a poor long‑term vehicle — it has underperformed VTI by more than six percentage points annualized since October 2013, reflecting persistent secondary‑market underperformance of IPOs and the ETF's concentrated exposure to early‑stage, low‑profitability issuers."
@ ~$42.43
"SpaceX and OpenAI: The Mega IPO Grift"