IPO vs. BRK-B
Compare and contrast key facts about Renaissance IPO ETF (IPO) and Berkshire Hathaway Inc. (BRK-B).
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
IPO vs. BRK-B - Performance Comparison
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IPO vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPO Renaissance IPO ETF | -7.91% | 5.45% | 15.68% | 52.55% | -57.26% | -10.31% | 107.88% | 34.11% | -17.24% | 37.16% |
BRK-B Berkshire Hathaway Inc. | -4.80% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Returns By Period
In the year-to-date period, IPO achieves a -7.91% return, which is significantly lower than BRK-B's -4.80% return. Over the past 10 years, IPO has underperformed BRK-B with an annualized return of 8.30%, while BRK-B has yielded a comparatively higher 12.78% annualized return.
IPO
- 1D
- 0.31%
- 1M
- -3.84%
- YTD
- -7.91%
- 6M
- -14.67%
- 1Y
- 11.66%
- 3Y*
- 13.11%
- 5Y*
- -7.77%
- 10Y*
- 8.30%
BRK-B
- 1D
- -0.15%
- 1M
- -0.35%
- YTD
- -4.80%
- 6M
- -3.95%
- 1Y
- -10.22%
- 3Y*
- 15.72%
- 5Y*
- 13.13%
- 10Y*
- 12.78%
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Return for Risk
IPO vs. BRK-B — Risk / Return Rank
IPO
BRK-B
IPO vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and Berkshire Hathaway Inc. (BRK-B). 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.
| IPO | BRK-B | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.36 | -0.56 | +0.92 |
Sortino ratioReturn per unit of downside risk | 0.74 | -0.65 | +1.39 |
Omega ratioGain probability vs. loss probability | 1.09 | 0.91 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.48 | -0.68 | +1.15 |
Martin ratioReturn relative to average drawdown | 1.12 | -1.16 | +2.29 |
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
| IPO | BRK-B | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.36 | -0.56 | +0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.77 | -0.98 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.66 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.48 | -0.26 |
Correlation
The correlation between IPO and BRK-B is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IPO vs. BRK-B - Dividend Comparison
IPO's dividend yield for the trailing twelve months is around 0.62%, while BRK-B has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IPO vs. BRK-B - Drawdown Comparison
The maximum IPO drawdown since its inception was -68.76%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for IPO and BRK-B.
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Drawdown Indicators
| IPO | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -53.86% | -14.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.24% | -14.95% | -11.29% |
Max Drawdown (5Y)Largest decline over 5 years | -66.02% | -26.58% | -39.44% |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | -29.57% | -39.19% |
Current DrawdownCurrent decline from peak | -44.36% | -11.36% | -33.00% |
Average DrawdownAverage peak-to-trough decline | -22.78% | -11.07% | -11.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.10% | 8.72% | +2.38% |
Volatility
IPO vs. BRK-B - Volatility Comparison
Renaissance IPO ETF (IPO) has a higher volatility of 10.53% compared to Berkshire Hathaway Inc. (BRK-B) at 4.33%. This indicates that IPO's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPO | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.53% | 4.33% | +6.20% |
Volatility (6M)Calculated over the trailing 6-month period | 22.44% | 11.14% | +11.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.74% | 18.30% | +14.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.80% | 17.20% | +18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.26% | 19.45% | +11.81% |