IPO Renaissance IPO ETF

Last close: 45.13
504-day return: +2.13%
Median $/day: $1.3M
Relationships shown: 18
Leader rank: #68

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

IPO vs ALAB

Both indexed to 100 at 2026-05-11.

IPO ALAB · range 87–233 · 2026-05-11 → 2026-11-06

Follows IPO

These tend to repeat IPO's moves later.

CHW Calamos Global Dynamic Income Fund Common Stock

lag 1dρ +0.25holdout +0.31stable 88%$/day $1.1Mrobust

BCV Bancroft Fund Ltd.

lag 1dρ +0.22holdout +0.25stable 88%$/day $290krobust

EP Empire Petroleum Corporation

lag 1dρ -0.21holdout -0.24stable 88%$/day $129krobust

Moves with IPO

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

ALAB Astera Labs, Inc. Common Stock

ρ +0.72beyond mkt +0.49holdout +0.70stable 100%robust

LOUP Innovator Deepwater Frontier Tech ETF

ρ +0.87beyond mkt +0.41holdout +0.89stable 100%robust

IWP iShares Russell Mid-Cap Growth ETF

ρ +0.84beyond mkt +0.32holdout +0.86stable 100%robust

RDDT Reddit, Inc.

ρ +0.55beyond mkt +0.29holdout +0.53stable 100%robust

CRDO Credo Technology Group Holding Ltd Ordinary Shares

ρ +0.65beyond mkt +0.26holdout +0.65stable 100%robust

FXL First Trust Technology AlphaDEX Fund

ρ +0.83beyond mkt +0.24holdout +0.81stable 100%robust

Moves against IPO

ED Consolidated Edison, Inc.

ρ -0.30beyond mkt +0.13holdout -0.42stable 88%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.73beyond mkt -0.07holdout -0.78stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.55beyond mkt -0.04holdout -0.42stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.61beyond mkt +0.02holdout -0.51stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.54beyond mkt -0.00holdout -0.43stable 100%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

ILPT Industrial Logistics Properties Trust Common Shares of Beneficial Interest

horizon 10dρ +0.45holdout +0.36stable 62%moderate

DDC DDC Enterprise Limited

horizon 5dρ +0.34holdout +0.56stable 62%moderate

EXPE Expedia Group, Inc. Common Stock

horizon 5dρ +0.34holdout +0.18stable 75%robust

CODI Compass Diversified

horizon 5dρ +0.31holdout +0.17stable 75%robust

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

BWMN Bowman Consulting Group Ltd. Common Stock

Δ -0.66recent -0.21prior +0.45beyond mkt -0.07

CHWY Chewy, Inc.

Δ -0.65recent -0.32prior +0.33beyond mkt +0.09

EVER EverQuote, Inc. Class A Common Stock

Δ -0.63recent -0.32prior +0.31beyond mkt +0.05

TPR Tapestry, Inc. Common Stock

Δ -0.62recent -0.20prior +0.42beyond mkt -0.03

BMBL Bumble Inc. Class A Common Stock

Δ -0.57recent -0.17prior +0.40beyond mkt +0.04

EXPE Expedia Group, Inc. Common Stock

Δ -0.57recent -0.22prior +0.35beyond mkt -0.02

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
ALAB Astera Labs, Inc. Common Stock	+0.49	+0.72	10
LOUP Innovator Deepwater Frontier Tech ETF	+0.41	+0.87	15