CIL vs. IPOS

Last updated Jun 3, 2026

CIL (VictoryShares International Volatility Wtd ETF) and IPOS (Renaissance International IPO ETF) are both Foreign Large Cap Equities funds - CIL tracks the Nasdaq Victory International 500 Volatility Weighted Index while IPOS tracks the Renaissance International IPO Index. Both are passively managed. Over the past 10 years, CIL returned 8.21%/yr vs 2.95%/yr for IPOS. At a 0.45 correlation, their price movements are largely independent. CIL charges 0.45%/yr vs 0.80%/yr for IPOS.

Performance

CIL vs. IPOS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares International Volatility Wtd ETF (CIL) 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, CIL achieves a 5.44% return, which is significantly lower than IPOS's 39.55% return. Over the past 10 years, CIL has outperformed IPOS with an annualized return of 8.21%, while IPOS has yielded a comparatively lower 2.95% annualized return.

CIL

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.44%
• 6M: 8.27%
• 1Y: 16.20%
• 3Y*: 15.59%
• 5Y*: 7.45%
• 10Y*: 8.21%

IPOS

• 1D: 1.59%
• 1M: 10.99%
• YTD: 39.55%
• 6M: 44.16%
• 1Y: 65.91%
• 3Y*: 15.11%
• 5Y*: -7.78%
• 10Y*: 2.95%

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

CIL vs. IPOS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIL VictoryShares International Volatility Wtd ETF	5.44%	32.99%	3.76%	16.29%	-16.00%	11.07%	7.21%	19.13%	-13.34%	27.67%
IPOS Renaissance International IPO ETF	39.55%	39.93%	-12.34%	-16.49%	-33.46%	-30.62%	50.71%	30.93%	-22.33%	36.83%

Correlation

The correlation between CIL and IPOS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Aug 21, 2015	0.45

The correlation between CIL and IPOS shifts across timeframes, from 0.35 (1 year) to 0.56 (3 years), reflecting how their relationship changes across market environments.

CIL vs. IPOS - Sectors Allocation Comparison

Sectors	CIL	IPOS
Financial Services	24.8%	9.6%
Industrials	18.4%	15.0%
Consumer Defensive	8.8%	4.7%
Consumer Cyclical	8.2%	7.1%
Healthcare	7.7%	16.2%
Utilities	6.6%	3.1%
Basic Materials	6.6%	5.3%
Technology	6.4%	42.0%
Communication Services	5.8%	0.3%
Energy	4.6%	4.9%
Real Estate	2.2%	-

Return for Risk

CIL vs. IPOS — Risk / Return Rank

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

CIL

CIL Risk / Return Rank: 73
CIL Sharpe Ratio Rank: 61
CIL Sortino Ratio Rank: 62
CIL Omega Ratio Rank: 73
CIL Calmar Ratio Rank: 81
CIL Martin Ratio Rank: 86

IPOS

IPOS Risk / Return Rank: 67
IPOS Sharpe Ratio Rank: 67
IPOS Sortino Ratio Rank: 58
IPOS Omega Ratio Rank: 66
IPOS Calmar Ratio Rank: 77
IPOS Martin Ratio Rank: 65

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.

CIL vs. IPOS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Volatility Wtd ETF (CIL) 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.

	CIL	IPOS	Difference
Sharpe ratio Return per unit of total volatility	2.07	2.25	-0.19
Sortino ratio Return per unit of downside risk	2.96	2.78	+0.19
Omega ratio Gain probability vs. loss probability	1.45	1.41	+0.04
Calmar ratio Return relative to maximum drawdown	4.32	3.96	+0.36
Martin ratio Return relative to average drawdown	18.62	11.98	+6.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIL vs. IPOS - Sharpe Ratio Comparison

The current CIL Sharpe Ratio is 2.07, which is comparable to the IPOS Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of CIL 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.

Sharpe Ratios by Period

	CIL	IPOS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	2.25	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	-0.29	+0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.12	+0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.09	+0.35

Drawdowns

CIL vs. IPOS - Drawdown Comparison

The maximum CIL drawdown since its inception was -36.27%, smaller than the maximum IPOS drawdown of -73.09%. Use the drawdown chart below to compare losses from any high point for CIL and IPOS.

Drawdown Indicators

	CIL	IPOS	Difference
Max Drawdown Largest peak-to-trough decline	-36.27%	-73.09%	+36.82%
Max Drawdown (1Y) Largest decline over 1 year	-4.60%	-17.17%	+12.57%
Max Drawdown (3Y) Largest decline over 3 years	-11.96%	-34.08%	+22.12%
Max Drawdown (5Y) Largest decline over 5 years	-29.89%	-69.93%	+40.04%
Max Drawdown (10Y) Largest decline over 10 years	-36.27%	-73.09%	+36.82%
Current Drawdown Current decline from peak	-0.58%	-40.70%	+40.12%
Average Drawdown Average peak-to-trough decline	-6.56%	-31.99%	+25.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.07%	5.67%	-4.60%

Volatility

CIL vs. IPOS - Volatility Comparison

The current volatility for VictoryShares International Volatility Wtd ETF (CIL) is 0.00%, while Renaissance International IPO ETF (IPOS) has a volatility of 12.06%. This indicates that CIL 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

	CIL	IPOS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	12.06%	-12.06%
Volatility (6M) Calculated over the trailing 6-month period	4.42%	26.46%	-22.04%
Volatility (1Y) Calculated over the trailing 1-year period	8.26%	29.42%	-21.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.49%	27.20%	-10.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.18%	24.13%	-6.95%

CIL vs. IPOS - Expense Ratio Comparison

CIL has a 0.45% expense ratio, which is lower than IPOS's 0.80% expense ratio.

Dividends

CIL vs. IPOS - Dividend Comparison

CIL's dividend yield for the trailing twelve months is around 1.67%, more than IPOS's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIL VictoryShares International Volatility Wtd ETF	1.67%	2.70%	3.46%	2.91%	2.41%	3.04%	1.73%	2.69%	2.85%	2.17%	2.34%	0.43%
IPOS Renaissance International IPO ETF	0.68%	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 CIL and IPOS in my portfolio?

CIL and IPOS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIL or IPOS?

IPOS has higher volatility (12.06%) compared to CIL (0.00%). In terms of maximum drawdown, CIL dropped -36.27% vs IPOS's -73.09%.

Which ETF is better, CIL or IPOS?

On 10-year performance, CIL leads with 8.21% vs 2.95% for IPOS. On fees, CIL is cheaper at 0.45% per year. On volatility, CIL has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CIL or IPOS?

Over the 10-year period, CIL has performed better with a 8.21% return vs 2.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CIL or IPOS?

CIL is cheaper with a 0.45% expense ratio, compared with 0.80% for IPOS.

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

CIL has the higher dividend yield at 1.67%, compared with 0.68% for IPOS.

What is the main difference between CIL and IPOS?

CIL tracks Nasdaq Victory International 500 Volatility Weighted Index, while IPOS tracks Renaissance International IPO Index. They also come from different issuers: Crestview and Renaissance Capital. Their fees differ too: 0.45% for CIL and 0.80% for IPOS.

Which has better risk-adjusted returns?

IPOS currently has the higher Sharpe Ratio (2.25 vs 2.07), 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.