BCIL vs. IPOS

Last updated Jun 25, 2026

BCIL (Bancreek International Large Cap ETF) and IPOS (Renaissance International IPO ETF) are both Foreign Large Cap Equities funds. BCIL is actively managed, while IPOS is passively managed. Over the past year, BCIL returned -0.02% vs 71.98% for IPOS. A 0.51 correlation means they provide meaningful diversification when combined. Both charge a 0.80% expense ratio.

Performance

BCIL vs. IPOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bancreek International Large Cap ETF (BCIL) and Renaissance International IPO ETF (IPOS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCIL achieves a 7.38% return, which is significantly lower than IPOS's 47.54% return.

BCIL

• 1D: -0.53%
• 1M: 1.77%
• YTD: 7.38%
• 6M: 6.23%
• 1Y: -0.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPOS

• 1D: -0.41%
• 1M: 15.22%
• YTD: 47.54%
• 6M: 45.21%
• 1Y: 71.98%
• 3Y*: 19.85%
• 5Y*: -6.87%
• 10Y*: 4.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCIL vs. IPOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BCIL Bancreek International Large Cap ETF	7.38%	11.95%	0.24%
IPOS Renaissance International IPO ETF	47.54%	39.93%	-11.12%

Correlation

The correlation between BCIL and IPOS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (All Time) Calculated using the full available price history since Mar 21, 2024	0.51

The correlation between BCIL and IPOS has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.

BCIL vs. IPOS - Sectors Allocation Comparison

Sectors	BCIL	IPOS
Industrials	22.7%	13.4%
Consumer Defensive	18.0%	4.2%
Consumer Cyclical	12.9%	6.3%
Financial Services	10.2%	7.3%
Technology	9.6%	50.2%
Communication Services	7.0%	0.3%
Basic Materials	6.4%	3.8%
Healthcare	6.1%	14.9%
Utilities	3.3%	3.1%
Energy	-	4.9%
Real Estate	-	-

Return for Risk

BCIL vs. IPOS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCIL

BCIL Risk / Return Rank: 9
BCIL Sharpe Ratio Rank: 9
BCIL Sortino Ratio Rank: 8
BCIL Omega Ratio Rank: 9
BCIL Calmar Ratio Rank: 9
BCIL Martin Ratio Rank: 9

IPOS

IPOS Risk / Return Rank: 77
IPOS Sharpe Ratio Rank: 79
IPOS Sortino Ratio Rank: 69
IPOS Omega Ratio Rank: 77
IPOS Calmar Ratio Rank: 85
IPOS Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCIL vs. IPOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bancreek International Large Cap ETF (BCIL) and Renaissance International IPO ETF (IPOS). 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.

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.

	BCIL	IPOS	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	2.23	-2.23
Sortino ratio: Return per unit of downside risk	0.13	2.77	-2.64
Omega ratio: Gain probability vs. loss probability	1.02	1.40	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.00	4.21	-4.22
Martin ratio: Return relative to average drawdown	-0.00	12.60	-12.60

BCIL vs. IPOS - Sharpe Ratio Comparison

The current BCIL Sharpe Ratio is -0.00, which is lower than the IPOS Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of BCIL and IPOS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCIL vs. IPOS - Drawdown Comparison

The maximum BCIL drawdown since its inception was -16.18%, smaller than the maximum IPOS drawdown of -73.09%. Use the drawdown chart below to compare losses from any high point for BCIL and IPOS.

Drawdown Indicators

	BCIL	IPOS	Difference
Max Drawdown Largest peak-to-trough decline	-16.18%	-73.09%	+56.91%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	-17.17%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-69.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-73.09%	—
Current Drawdown Current decline from peak	-3.60%	-37.30%	+33.70%
Average Drawdown Average peak-to-trough decline	-4.28%	-32.02%	+27.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.11%	5.73%	+1.38%

Volatility

BCIL vs. IPOS - Volatility Comparison

The current volatility for Bancreek International Large Cap ETF (BCIL) is 8.51%, while Renaissance International IPO ETF (IPOS) has a volatility of 15.82%. This indicates that BCIL experiences smaller price fluctuations and is considered to be less risky than IPOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCIL	IPOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	15.82%	-7.31%
Volatility (6M) Calculated over the trailing 6-month period	16.05%	29.94%	-13.89%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	32.48%	-14.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.81%	27.94%	-11.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.81%	24.40%	-7.59%

BCIL vs. IPOS - Expense Ratio Comparison

Both BCIL and IPOS have an expense ratio of 0.80%.

Dividends

BCIL vs. IPOS - Dividend Comparison

BCIL's dividend yield for the trailing twelve months is around 0.99%, more than IPOS's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCIL Bancreek International Large Cap ETF	0.99%	1.25%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IPOS Renaissance International IPO ETF	0.32%	1.04%	0.93%	0.33%	0.00%	0.00%	0.25%	0.89%	1.12%	0.87%	1.73%	1.08%

Frequently Asked Questions

Can I hold both BCIL and IPOS in my portfolio?

BCIL and IPOS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCIL or IPOS?

IPOS has higher volatility (15.82%) compared to BCIL (8.51%). In terms of maximum drawdown, BCIL dropped -16.18% vs IPOS's -73.09%.

Which ETF is better, BCIL or IPOS?

On 1-year performance, IPOS leads with 71.98% vs -0.02% for BCIL. Both ETFs have the same 0.80% expense ratio. On volatility, BCIL has been the lower-risk option at 8.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCIL or IPOS?

Over the 1-year period, IPOS has performed better with a 71.98% return vs -0.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCIL or IPOS?

BCIL and IPOS have the same expense ratio: 0.80% per year.

Which ETF pays a higher dividend yield, BCIL or IPOS?

BCIL has the higher dividend yield at 0.99%, compared with 0.32% for IPOS.

What is the main difference between BCIL and IPOS?

They also come from different issuers: Bancreek and Renaissance Capital.

Which has better risk-adjusted returns?

IPOS currently has the higher Sharpe Ratio (2.23 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.