IPO vs. QQQN

Last updated Aug 2, 2026

IPO (Renaissance IPO ETF) and QQQN (VictoryShares Nasdaq Next 50 ETF) are both Mid Cap Growth Equities funds - IPO tracks the Renaissance IPO Index while QQQN tracks the Nasdaq Q-50 Index. Both are passively managed. IPO charges 0.60%/yr vs 0.18%/yr for QQQN.

Performance

IPO vs. QQQN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Renaissance IPO ETF (IPO) and VictoryShares Nasdaq Next 50 ETF (QQQN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPO

• 1D: -2.11%
• 1M: -11.04%
• 6M: 14.70%
• YTD: 12.19%
• 1Y: 12.44%
• 3Y*: 12.56%
• 5Y*: -3.83%
• 10Y*: 10.14%
• ALL TIME*: 8.05%

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IPO Renaissance IPO ETF	$994.90K	$1.09M	$2.23M
QQQN VictoryShares Nasdaq Next 50 ETF	$0.00	$0.00	$0.00

IPO vs. QQQN - Yearly Performance Comparison

	2026 (YTD)
IPO Renaissance IPO ETF	23.00%
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%

IPO vs. QQQN - Sectors Allocation Comparison

Sectors	IPO	QQQN
Technology	43.6%	47.3%
Healthcare	13.0%	19.9%
Industrials	12.5%	8.7%
Consumer Cyclical	9.6%	13.7%
Communication Services	6.6%	5.5%
Financial Services	6.3%	-
Real Estate	4.1%	-
Energy	3.1%	-
Utilities	0.9%	1.6%
Consumer Defensive	0.3%	1.4%
Basic Materials	-	1.9%

Return for Risk

IPO vs. QQQN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IPO

IPO Risk / Return Rank: 19
IPO Sharpe Ratio Rank: 19
IPO Sortino Ratio Rank: 21
IPO Omega Ratio Rank: 19
IPO Calmar Ratio Rank: 18
IPO Martin Ratio Rank: 17

QQQN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IPO vs. QQQN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and VictoryShares Nasdaq Next 50 ETF (QQQN). 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.

	IPO	QQQN	Difference
Sharpe ratio: Return per unit of total volatility	0.37	—	—
Sortino ratio: Return per unit of downside risk	0.73	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.45	—	—
Martin ratio: Return relative to average drawdown	0.97	—	—

Drawdowns

IPO vs. QQQN - Drawdown Comparison

The maximum IPO drawdown since its inception was -68.76%, which is greater than QQQN's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IPO and QQQN.

Drawdown Indicators

	IPO	QQQN	Difference
Max Drawdown Largest peak-to-trough decline	-68.76%	0.00%	-68.76%
Max Drawdown (1Y) Largest decline over 1 year	-26.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-68.76%	—	—
Current Drawdown Current decline from peak	-32.21%	0.00%	-32.21%
Average Drawdown Average peak-to-trough decline	-22.97%	0.00%	-22.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.07%	—	—

Volatility

Volatility by Period

	IPO	QQQN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	25.49%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.90%	0.00%	+31.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.26%	0.00%	+36.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.74%	0.00%	+31.74%

IPO vs. QQQN - Expense Ratio Comparison

IPO has a 0.60% expense ratio, which is higher than QQQN's 0.18% expense ratio.

Dividends

IPO vs. QQQN - Dividend Comparison

IPO's dividend yield for the trailing twelve months is around 0.46%, while QQQN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPO Renaissance IPO ETF	0.46%	0.66%	0.12%	0.00%	0.00%	0.00%	0.10%	0.26%	0.49%	0.43%	0.40%	0.11%
QQQN VictoryShares Nasdaq Next 50 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%

Frequently Asked Questions

Which ETF is better, IPO or QQQN?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IPO or QQQN?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.60% for IPO.

Which ETF pays a higher dividend yield, IPO or QQQN?

IPO has the higher dividend yield at 0.46%, compared with 0.00% for QQQN.

What is the main difference between IPO and QQQN?

IPO tracks Renaissance IPO Index, while QQQN tracks Nasdaq Q-50 Index. They also come from different issuers: Renaissance Capital and VictoryShares. Their fees differ too: 0.60% for IPO and 0.18% for QQQN.