IPO vs. FPX
Compare and contrast key facts about Renaissance IPO ETF (IPO) and First Trust US Equity Opportunities ETF (FPX).
IPO and FPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. Both IPO and FPX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IPO vs. FPX - Performance Comparison
Loading graphics...
IPO vs. FPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPO Renaissance IPO ETF | -8.19% | 5.45% | 15.68% | 52.55% | -57.26% | -10.31% | 107.88% | 34.11% | -17.24% | 37.16% |
FPX First Trust US Equity Opportunities ETF | -2.88% | 37.62% | 24.75% | 22.26% | -35.11% | 3.69% | 47.89% | 30.37% | -8.35% | 27.03% |
Returns By Period
In the year-to-date period, IPO achieves a -8.19% return, which is significantly lower than FPX's -2.88% return. Over the past 10 years, IPO has underperformed FPX with an annualized return of 8.27%, while FPX has yielded a comparatively higher 12.79% annualized return.
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%
FPX
- 1D
- 4.38%
- 1M
- -4.68%
- YTD
- -2.88%
- 6M
- -4.25%
- 1Y
- 42.94%
- 3Y*
- 23.97%
- 5Y*
- 5.98%
- 10Y*
- 12.79%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IPO vs. FPX - Expense Ratio Comparison
IPO has a 0.60% expense ratio, which is higher than FPX's 0.57% expense ratio.
Return for Risk
IPO vs. FPX — Risk / Return Rank
IPO
FPX
IPO vs. FPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and First Trust US Equity Opportunities ETF (FPX). 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 | FPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 1.47 | -1.10 |
Sortino ratioReturn per unit of downside risk | 0.76 | 2.04 | -1.28 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.28 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 2.99 | -2.54 |
Martin ratioReturn relative to average drawdown | 1.07 | 10.16 | -9.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IPO | FPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.47 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.23 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.53 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.52 | -0.30 |
Correlation
The correlation between IPO and FPX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IPO vs. FPX - Dividend Comparison
IPO's dividend yield for the trailing twelve months is around 0.62%, more than FPX's 0.59% yield.
| 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% |
FPX First Trust US Equity Opportunities ETF | 0.59% | 0.53% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% |
Drawdowns
IPO vs. FPX - Drawdown Comparison
The maximum IPO drawdown since its inception was -68.76%, which is greater than FPX's maximum drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for IPO and FPX.
Loading graphics...
Drawdown Indicators
| IPO | FPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -56.29% | -12.47% |
Max Drawdown (1Y)Largest decline over 1 year | -26.24% | -14.19% | -12.05% |
Max Drawdown (5Y)Largest decline over 5 years | -66.02% | -43.14% | -22.88% |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | -43.14% | -25.62% |
Current DrawdownCurrent decline from peak | -44.53% | -8.22% | -36.31% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -11.43% | -11.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 4.18% | +6.83% |
Volatility
IPO vs. FPX - Volatility Comparison
Renaissance IPO ETF (IPO) has a higher volatility of 10.75% compared to First Trust US Equity Opportunities ETF (FPX) at 9.13%. This indicates that IPO's price experiences larger fluctuations and is considered to be riskier than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IPO | FPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.75% | 9.13% | +1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 22.44% | 18.62% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.74% | 29.34% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.81% | 26.54% | +9.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 24.17% | +7.10% |