Renaissance IPO ETF (IPO)
IPO is a passive ETF by Renaissance Capital tracking the investment results of the Renaissance IPO Index. IPO launched on Oct 14, 2013 and has a 0.60% expense ratio.
ETF Info
| ISIN | US7599372049 |
|---|---|
| CUSIP | 759937204 |
| Issuer | Renaissance Capital |
| Inception Date | Oct 14, 2013 |
| Region | Developed Markets (Broad) |
| Category | All Cap Equities |
| Index Tracked | Renaissance IPO Index |
| Asset Class | Equity |
Asset Class Size | Multi-Cap |
Asset Class Style | Growth |
Expense Ratio
IPO has a high expense ratio of 0.60%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Renaissance IPO ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Renaissance IPO ETF had a return of -1.33% year-to-date (YTD) and 36.45% in the last 12 months. Over the past 10 years, Renaissance IPO ETF had an annualized return of 6.18%, while the S&P 500 had an annualized return of 10.33%, indicating that Renaissance IPO ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.33% | 5.21% |
| 1 month | -9.11% | -4.30% |
| 6 months | 25.37% | 18.42% |
| 1 year | 36.45% | 21.82% |
| 5 years (annualized) | 3.39% | 11.27% |
| 10 years (annualized) | 6.18% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -9.71% | 15.24% | 5.81% | -10.48% | ||||||||
| 2023 | -6.91% | 13.41% | 11.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of IPO is 59, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Renaissance IPO ETF(IPO)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Renaissance IPO ETF granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.14 | $0.11 | $0.12 | $0.08 | $0.02 | $0.64 | $0.02 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.46% | 0.49% | 0.43% | 0.40% | 0.11% | 2.82% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Renaissance IPO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2014 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.60 |
| 2013 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Renaissance IPO ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Renaissance IPO ETF was 68.76%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current Renaissance IPO ETF drawdown is 51.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -68.76% | Feb 16, 2021 | 472 | Dec 28, 2022 | — | — | — |
| -38.47% | Feb 20, 2020 | 20 | Mar 18, 2020 | 44 | May 20, 2020 | 64 |
| -36.73% | Apr 17, 2015 | 208 | Feb 11, 2016 | 310 | May 15, 2017 | 518 |
| -31.34% | Jun 19, 2018 | 130 | Dec 24, 2018 | 89 | May 3, 2019 | 219 |
| -17.59% | Jul 29, 2019 | 47 | Oct 2, 2019 | 73 | Jan 16, 2020 | 120 |
Volatility
Volatility Chart
The current Renaissance IPO ETF volatility is 7.54%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.