- ISIN
- US7599372049
- CUSIP
- 759937204
- Issuer
- Renaissance Capital
- Inception Date
- Oct 14, 2013
- Region
- North America (U.S.)
- Category
- Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Renaissance IPO Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $160M
Share Price Chart
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Performance
IPO Performance Chart
Renaissance IPO ETF (IPO) is up 30.6% since the beginning of the year. IPO is currently trading at $60 per share. Investors who bought $1,000 worth of IPO shares 5 years ago would now be looking at an investment worth $931.
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Returns By Period
Renaissance IPO ETF (IPO) has returned 30.59% so far this year and 37.60% over the past 12 months. Over the last ten years, IPO has returned 12.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.54% annually.
Renaissance IPO ETF
- 1D
- 3.57%
- 1M
- 12.27%
- YTD
- 30.59%
- 6M
- 27.30%
- 1Y
- 37.60%
- 3Y*
- 22.62%
- 5Y*
- -1.42%
- 10Y*
- 12.15%
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.71%
- YTD
- 8.39%
- 6M
- 8.57%
- 1Y
- 24.33%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.54%
IPO Monthly Returns History
Based on dividend-adjusted daily data since Oct 16, 2013, IPO's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +27.2%, while the worst month was Jan 2022 at -19.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 8 months.
On a daily basis, IPO closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +12.9%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.19% | -2.51% | -3.72% | 15.74% | 16.77% | 5.25% | 30.59% | ||||||
| 2025 | 7.68% | -10.22% | -10.69% | 2.16% | 11.37% | 5.32% | 2.43% | 8.17% | -0.13% | -1.25% | -5.72% | -1.06% | 5.45% |
| 2024 | -9.71% | 15.25% | 5.81% | -10.48% | 5.54% | 2.77% | -0.17% | 3.80% | 2.68% | 4.34% | 2.97% | -5.35% | 15.68% |
| 2023 | 15.90% | -1.47% | 3.68% | -5.17% | 7.79% | 9.31% | 12.00% | -10.77% | -2.18% | -6.92% | 13.41% | 11.73% | 52.55% |
| 2022 | -19.59% | -1.35% | -3.92% | -19.26% | -12.64% | -3.15% | 8.24% | -1.50% | -11.53% | -1.44% | -1.29% | -10.53% | -57.26% |
| 2021 | 5.54% | -1.87% | -6.90% | 0.23% | -1.27% | 7.59% | -5.21% | 6.50% | -3.77% | 6.61% | -8.05% | -8.25% | -10.31% |
Benchmark Metrics
Renaissance IPO ETF has an annualized alpha of -2.93%, beta of 1.24, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since October 16, 2013.
- This ETF participated in 118.32% of S&P 500 Index downside but only 104.05% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.93% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.93%
- Beta
- 1.24
- R²
- 0.53
- Upside Capture
- 104.05%
- Downside Capture
- 118.32%
Expense Ratio
IPO has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
IPO ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IPO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.35 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.66 | -1.28 |
| Martin ratioReturn relative to average drawdown | 3.07 | 11.86 | -8.80 |
Dividends
Dividend History
Renaissance IPO ETF provided a 0.40% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.30 | $0.05 | $0.00 | $0.00 | $0.00 | $0.07 | $0.08 | $0.11 | $0.12 | $0.08 | $0.02 |
Dividend yield | 0.40% | 0.66% | 0.12% | 0.00% | 0.00% | 0.00% | 0.10% | 0.26% | 0.49% | 0.43% | 0.40% | 0.11% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.05 |
| 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 | $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 | $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 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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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 21.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -68.76%Dec 2022 | 1y 10mo | — | 5y 4moFeb 2021 - now |
COVID crash2020 | -38.47%Mar 2020 | 27d | 2mo 3d | 3moFeb 2020 - May 2020 |
2016 bear market2016 | -36.73%Feb 2016 | 10mo | 1y 3mo | 2y 29dApr 2015 - May 2017 |
Rate-hike selloffLate 2018 | -31.34%Dec 2018 | 6mo 8d | 4mo 10d | 10mo 18dJun 2018 - May 2019 |
2019 correction2019 | -17.59%Oct 2019 | 2mo 5d | 3mo 16d | 5mo 21dJul 2019 - Jan 2020 |
Drawdown Indicators
| IPO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -56.78% | -11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -26.24% | -9.10% | -17.14% |
Max Drawdown (3Y)Largest decline over 3 years | -32.04% | -18.90% | -13.14% |
Max Drawdown (5Y)Largest decline over 5 years | -66.02% | -25.43% | -40.59% |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | -33.92% | -34.84% |
Current DrawdownCurrent decline from peak | -21.09% | -2.49% | -18.60% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -10.72% | -12.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.72% | 2.03% | +9.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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