IPO vs. VOO
Compare and contrast key facts about Renaissance IPO ETF (IPO) and Vanguard S&P 500 ETF (VOO).
IPO and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both IPO and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IPO or VOO.
Correlation
The correlation between IPO and VOO 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.
Performance
IPO vs. VOO - Performance Comparison
Key characteristics
IPO:
1.01
VOO:
2.06
IPO:
1.46
VOO:
2.75
IPO:
1.18
VOO:
1.38
IPO:
0.44
VOO:
3.07
IPO:
5.04
VOO:
13.32
IPO:
4.85%
VOO:
1.95%
IPO:
24.28%
VOO:
12.59%
IPO:
-68.76%
VOO:
-33.99%
IPO:
-41.15%
VOO:
-2.67%
Returns By Period
In the year-to-date period, IPO achieves a 2.71% return, which is significantly higher than VOO's 0.62% return. Over the past 10 years, IPO has underperformed VOO with an annualized return of 7.13%, while VOO has yielded a comparatively higher 13.25% annualized return.
IPO
2.71%
-4.53%
9.39%
25.04%
6.65%
7.13%
VOO
0.62%
-2.16%
5.77%
26.25%
14.43%
13.25%
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IPO vs. VOO - Expense Ratio Comparison
IPO has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
IPO vs. VOO — Risk-Adjusted Performance Rank
IPO
VOO
IPO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
IPO vs. VOO - Dividend Comparison
IPO's dividend yield for the trailing twelve months is around 0.12%, less than VOO's 1.24% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPO Renaissance IPO ETF | 0.12% | 0.12% | 0.00% | 0.00% | 0.00% | 0.10% | 0.47% | 0.49% | 0.44% | 0.41% | 0.11% | 2.82% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
IPO vs. VOO - Drawdown Comparison
The maximum IPO drawdown since its inception was -68.76%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for IPO and VOO. For additional features, visit the drawdowns tool.
Volatility
IPO vs. VOO - Volatility Comparison
Renaissance IPO ETF (IPO) has a higher volatility of 8.14% compared to Vanguard S&P 500 ETF (VOO) at 4.43%. This indicates that IPO's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.