IPO vs. QMOM
Compare and contrast key facts about Renaissance IPO ETF (IPO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM).
IPO and QMOM 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. QMOM is an actively managed fund by Alpha Architect. It was launched on Dec 2, 2015.
Performance
IPO vs. QMOM - Performance Comparison
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IPO vs. QMOM - 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% |
QMOM Alpha Architect U.S. Quantitative Momentum ETF | 4.62% | 2.36% | 30.43% | 9.50% | -6.99% | -4.06% | 61.94% | 28.39% | -11.75% | 15.92% |
Returns By Period
In the year-to-date period, IPO achieves a -8.19% return, which is significantly lower than QMOM's 4.62% return. Over the past 10 years, IPO has underperformed QMOM with an annualized return of 8.27%, while QMOM has yielded a comparatively higher 12.16% 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%
QMOM
- 1D
- 5.91%
- 1M
- -6.64%
- YTD
- 4.62%
- 6M
- 6.57%
- 1Y
- 15.61%
- 3Y*
- 15.94%
- 5Y*
- 6.10%
- 10Y*
- 12.16%
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IPO vs. QMOM - Expense Ratio Comparison
IPO has a 0.60% expense ratio, which is higher than QMOM's 0.28% expense ratio.
Return for Risk
IPO vs. QMOM — Risk / Return Rank
IPO
QMOM
IPO vs. QMOM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and Alpha Architect U.S. Quantitative Momentum ETF (QMOM). 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 | QMOM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.37 | 0.61 | -0.24 |
Sortino ratioReturn per unit of downside risk | 0.76 | 0.97 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.13 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.35 | -0.90 |
Martin ratioReturn relative to average drawdown | 1.07 | 4.68 | -3.62 |
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 | QMOM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 0.61 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.25 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.46 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.45 | -0.23 |
Correlation
The correlation between IPO and QMOM is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IPO vs. QMOM - Dividend Comparison
IPO's dividend yield for the trailing twelve months is around 0.62%, more than QMOM's 0.52% 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% |
QMOM Alpha Architect U.S. Quantitative Momentum ETF | 0.52% | 0.54% | 1.40% | 0.87% | 1.59% | 0.12% | 0.08% | 0.01% | 0.05% | 0.13% | 0.34% | 0.00% |
Drawdowns
IPO vs. QMOM - Drawdown Comparison
The maximum IPO drawdown since its inception was -68.76%, which is greater than QMOM's maximum drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for IPO and QMOM.
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Drawdown Indicators
| IPO | QMOM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.76% | -39.13% | -29.63% |
Max Drawdown (1Y)Largest decline over 1 year | -26.24% | -13.55% | -12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -66.02% | -27.00% | -39.02% |
Max Drawdown (10Y)Largest decline over 10 years | -68.76% | -39.13% | -29.63% |
Current DrawdownCurrent decline from peak | -44.53% | -7.48% | -37.05% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -13.11% | -9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.01% | 3.92% | +7.09% |
Volatility
IPO vs. QMOM - Volatility Comparison
The current volatility for Renaissance IPO ETF (IPO) is 10.75%, while Alpha Architect U.S. Quantitative Momentum ETF (QMOM) has a volatility of 12.00%. This indicates that IPO experiences smaller price fluctuations and is considered to be less risky than QMOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPO | QMOM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.75% | 12.00% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 22.44% | 19.09% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.74% | 25.78% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.81% | 24.72% | +11.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 26.28% | +4.99% |