IPO vs. VTI
Compare and contrast key facts about Renaissance IPO ETF (IPO) and Vanguard Total Stock Market ETF (VTI).
IPO and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both IPO and VTI 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 VTI.
Correlation
The correlation between IPO and VTI is 0.73, 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.
Performance
IPO vs. VTI - Performance Comparison
Key characteristics
IPO:
-0.22
VTI:
0.29
IPO:
-0.10
VTI:
0.55
IPO:
0.99
VTI:
1.08
IPO:
-0.12
VTI:
0.29
IPO:
-0.79
VTI:
1.34
IPO:
8.62%
VTI:
4.20%
IPO:
31.05%
VTI:
19.53%
IPO:
-68.76%
VTI:
-55.45%
IPO:
-52.24%
VTI:
-12.70%
Returns By Period
In the year-to-date period, IPO achieves a -16.64% return, which is significantly lower than VTI's -8.69% return. Over the past 10 years, IPO has underperformed VTI with an annualized return of 4.20%, while VTI has yielded a comparatively higher 11.24% annualized return.
IPO
-16.64%
-6.88%
-16.54%
-3.37%
5.05%
4.20%
VTI
-8.69%
-4.47%
-7.30%
6.94%
15.39%
11.24%
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IPO vs. VTI - Expense Ratio Comparison
IPO has a 0.60% expense ratio, which is higher than VTI's 0.03% expense ratio.
Risk-Adjusted Performance
IPO vs. VTI — Risk-Adjusted Performance Rank
IPO
VTI
IPO vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance IPO ETF (IPO) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
IPO's dividend yield for the trailing twelve months is around 0.34%, less than VTI's 1.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPO Renaissance IPO ETF | 0.34% | 0.12% | 0.00% | 0.00% | 0.00% | 0.10% | 0.47% | 0.49% | 0.44% | 0.41% | 0.11% | 2.82% |
VTI Vanguard Total Stock Market ETF | 1.42% | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% |
Drawdowns
IPO vs. VTI - Drawdown Comparison
The maximum IPO drawdown since its inception was -68.76%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for IPO and VTI. For additional features, visit the drawdowns tool.
Volatility
IPO vs. VTI - Volatility Comparison
Renaissance IPO ETF (IPO) has a higher volatility of 18.58% compared to Vanguard Total Stock Market ETF (VTI) at 14.19%. This indicates that IPO's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.