The IPO ETF has almost NO Overlap with the S&P 500
The IPO ETF only contains New Stocks

| Month | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Q1 | Jan | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 |
| Feb | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Mar | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Q2 | Apr | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 |
| May | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Jun | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Q3 | Jul | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 |
| Aug | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Sep | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Q4 | Oct | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 |
| Nov | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Dec | $2.0 | $1.0 | $0.0 | $0.8 | $3.9 | $0.4 | $4.7 | $5.2 | $1.7 | $0.0 | |
| Total | 105 | 160 | 193 | 163 | 221 | 397 | 71 | 109 | 150 | 196 |