AMID vs. IPO
Compare and contrast key facts about Argent Mid Cap ETF (AMID) and Renaissance IPO ETF (IPO).
AMID and IPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AMID is an actively managed fund by Argent. It was launched on Aug 17, 2022. IPO is a passively managed fund by Renaissance Capital that tracks the performance of the Renaissance IPO Index. It was launched on Oct 14, 2013.
Performance
AMID vs. IPO - Performance Comparison
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AMID vs. IPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AMID Argent Mid Cap ETF | -4.14% | -1.39% | 13.06% | 31.26% | -6.22% |
IPO Renaissance IPO ETF | -8.19% | 5.45% | 15.68% | 52.55% | -28.92% |
Returns By Period
In the year-to-date period, AMID achieves a -4.14% return, which is significantly higher than IPO's -8.19% return.
AMID
- 1D
- 2.78%
- 1M
- -6.40%
- YTD
- -4.14%
- 6M
- -5.13%
- 1Y
- 2.43%
- 3Y*
- 9.79%
- 5Y*
- —
- 10Y*
- —
IPO
- 1D
- 5.57%
- 1M
- -3.72%
- YTD
- -8.19%
- 6M
- -15.44%
- 1Y
- 12.12%
- 3Y*
- 13.00%
- 5Y*
- -7.82%
- 10Y*
- 8.27%
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AMID vs. IPO - Expense Ratio Comparison
AMID has a 0.52% expense ratio, which is lower than IPO's 0.60% expense ratio.
Return for Risk
AMID vs. IPO — Risk / Return Rank
AMID
IPO
AMID vs. IPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Argent Mid Cap ETF (AMID) and Renaissance IPO ETF (IPO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AMID | IPO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.12 | 0.37 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.33 | 0.76 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.09 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.24 | 0.45 | -0.21 |
Martin ratioReturn relative to average drawdown | 0.79 | 1.07 | -0.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMID | IPO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.12 | 0.37 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.22 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.22 | +0.19 |
Correlation
The correlation between AMID and IPO is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
AMID vs. IPO - Dividend Comparison
AMID's dividend yield for the trailing twelve months is around 0.37%, less than IPO's 0.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMID Argent Mid Cap ETF | 0.37% | 0.36% | 0.33% | 0.43% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IPO Renaissance IPO ETF | 0.62% | 0.66% | 0.12% | 0.00% | 0.00% | 0.00% | 0.10% | 0.26% | 0.49% | 0.43% | 0.40% | 0.11% |
Drawdowns
AMID vs. IPO - Drawdown Comparison
The maximum AMID drawdown since its inception was -23.32%, smaller than the maximum IPO drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for AMID and IPO.
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Drawdown Indicators
| AMID | IPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.32% | -68.76% | +45.44% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -26.24% | +13.93% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.76% | — |
Current DrawdownCurrent decline from peak | -13.93% | -44.53% | +30.60% |
Average DrawdownAverage peak-to-trough decline | -6.15% | -22.77% | +16.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 11.01% | -7.29% |
Volatility
AMID vs. IPO - Volatility Comparison
The current volatility for Argent Mid Cap ETF (AMID) is 6.22%, while Renaissance IPO ETF (IPO) has a volatility of 10.75%. This indicates that AMID experiences smaller price fluctuations and is considered to be less risky than IPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMID | IPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.22% | 10.75% | -4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 11.82% | 22.44% | -10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.90% | 32.74% | -12.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.19% | 35.81% | -16.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.19% | 31.27% | -12.08% |