GIEQ vs. IPOS
GIEQ (Goldman Sachs Data Enhanced International Equity ETF) and IPOS (Renaissance International IPO ETF) are both Foreign Large Cap Equities funds. A 0.63 correlation means they provide meaningful diversification when combined. GIEQ charges 0.30%/yr vs 0.80%/yr for IPOS.
Performance
GIEQ vs. IPOS - Performance Comparison
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Returns By Period
GIEQ
- 1D
- -0.73%
- 1M
- -1.92%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IPOS
- 1D
- -0.70%
- 1M
- -12.69%
- 6M
- 21.47%
- YTD
- 33.06%
- 1Y
- 48.09%
- 3Y*
- 13.64%
- 5Y*
- -8.13%
- 10Y*
- 2.69%
- ALL TIME*
- 1.66%
GIEQ vs. IPOS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
GIEQ Goldman Sachs Data Enhanced International Equity ETF | 1.07% |
IPOS Renaissance International IPO ETF | 5.67% |
Correlation
The correlation between GIEQ and IPOS is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 21, 2026 | 0.63 |
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Return for Risk
GIEQ vs. IPOS — Risk / Return Rank
GIEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IPOS
GIEQ vs. IPOS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Data Enhanced International Equity ETF (GIEQ) 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.
| GIEQ | IPOS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.27 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.82 | — |
| Martin ratioReturn relative to average drawdown | — | 7.91 | — |
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Drawdowns
GIEQ vs. IPOS - Drawdown Comparison
The maximum GIEQ drawdown since its inception was -3.19%, smaller than the maximum IPOS drawdown of -73.09%. Use the drawdown chart below to compare losses from any high point for GIEQ and IPOS.
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Drawdown Indicators
| GIEQ | IPOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.19% | -73.09% | +69.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.09% | — |
Current DrawdownCurrent decline from peak | -2.57% | -43.46% | +40.89% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -32.06% | +31.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 6.09% | — |
Volatility
GIEQ vs. IPOS - Volatility Comparison
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Volatility by Period
| GIEQ | IPOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.77% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 33.81% | -18.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.20% | 28.17% | -12.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.20% | 24.53% | -9.33% |
GIEQ vs. IPOS - Expense Ratio Comparison
GIEQ has a 0.30% expense ratio, which is lower than IPOS's 0.80% expense ratio.
Dividends
GIEQ vs. IPOS - Dividend Comparison
GIEQ has not paid dividends to shareholders, while IPOS's dividend yield for the trailing twelve months is around 0.35%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GIEQ Goldman Sachs Data Enhanced International Equity ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IPOS Renaissance International IPO ETF | 0.35% | 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
GIEQ and IPOS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GIEQ is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GIEQ is cheaper with a 0.30% expense ratio, compared with 0.80% for IPOS.
IPOS has the higher dividend yield at 0.35%, compared with 0.00% for GIEQ.
They also come from different issuers: Goldman Sachs and Renaissance Capital. Their fees differ too: 0.30% for GIEQ and 0.80% for IPOS.
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