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Renaissance IPO ETF (IPO) Sharpe Ratio: 1.21

ETF · Currency in USD · Last updated Jun 23, 2026

Renaissance IPO ETF tracks the Renaissance IPO Index, investing in newly public U.S. companies. Holdings are added on the fifth day of trading and removed after two years, providing exposure to recent IPO activity.

IPO's Sharpe Ratio of 1.21 indicates that for each unit of volatility, it generates 1.21 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

IPO Sharpe Ratio Rank

IPO Sharpe Ratio Rank: 34.735
Below Average

IPO ranks above 34.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

IPO Sharpe Ratio Market Positioning

The chart shows IPO's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.32+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Renaissance IPO ETF's Sharpe Ratio with other ETFs in the Mid Cap Growth Equities category across multiple time periods, showing how IPO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
TEKXSPDR Galaxy Transformative Tech Accelerators ETF4.18
FCUSPinnacle Focused Opportunities ETF2.65
QQQJInvesco NASDAQ Next Gen 100 ETF2.36
XMMOInvesco S&P MidCap Momentum ETF2.08
FADFirst Trust Multi Cap Growth AlphaDEX Fund2.07
PDPInvesco Dorsey Wright Momentum ETF2.05
MDYGSPDR S&P 400 Mid Cap Growth ETF1.86
GLRYInspire Faithward Mid Cap Momentum ESG ETF1.86
IJKiShares S&P MidCap 400 Growth ETF1.86
JHMMJohn Hancock Multifactor Mid Cap ETF1.79
IPORenaissance IPO ETF1.21

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows IPO's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when IPO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does IPO fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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