IPOS vs. ATO

Last updated Jun 4, 2026

IPOS (Renaissance International IPO ETF) is Foreign Large Cap Equities fund tracking the Renaissance International IPO Index, while ATO (Atmos Energy Corporation) is a stock. Over the past 10 years, IPOS returned 3.00%/yr vs 11.05%/yr for ATO. At a 0.10 correlation, their price movements are largely independent.

Performance

IPOS vs. ATO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Renaissance International IPO ETF (IPOS) and Atmos Energy Corporation (ATO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IPOS achieves a 40.15% return, which is significantly higher than ATO's 1.53% return. Over the past 10 years, IPOS has underperformed ATO with an annualized return of 3.00%, while ATO has yielded a comparatively higher 11.05% annualized return.

IPOS

• 1D: 0.43%
• 1M: 10.58%
• YTD: 40.15%
• 6M: 44.26%
• 1Y: 65.50%
• 3Y*: 15.28%
• 5Y*: -7.69%
• 10Y*: 3.00%

ATO

• 1D: -0.27%
• 1M: -9.86%
• YTD: 1.53%
• 6M: -0.56%
• 1Y: 11.29%
• 3Y*: 16.50%
• 5Y*: 13.60%
• 10Y*: 11.05%

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

IPOS vs. ATO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPOS Renaissance International IPO ETF	40.15%	39.93%	-12.34%	-16.49%	-33.46%	-30.62%	50.71%	30.93%	-22.33%	36.83%
ATO Atmos Energy Corporation	1.53%	23.07%	23.35%	6.17%	9.63%	12.75%	-12.73%	23.14%	10.39%	18.41%

Correlation

The correlation between IPOS and ATO is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014	0.10

Return for Risk

IPOS vs. ATO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IPOS

IPOS Risk / Return Rank: 66
IPOS Sharpe Ratio Rank: 67
IPOS Sortino Ratio Rank: 58
IPOS Omega Ratio Rank: 67
IPOS Calmar Ratio Rank: 76
IPOS Martin Ratio Rank: 63

ATO

ATO Risk / Return Rank: 60
ATO Sharpe Ratio Rank: 64
ATO Sortino Ratio Rank: 55
ATO Omega Ratio Rank: 54
ATO Calmar Ratio Rank: 59
ATO Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IPOS vs. ATO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Renaissance International IPO ETF (IPOS) and Atmos Energy Corporation (ATO). 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.

	IPOS	ATO	Difference
Sharpe ratio: Return per unit of total volatility	2.24	0.73	+1.51
Sortino ratio: Return per unit of downside risk	2.76	1.10	+1.66
Omega ratio: Gain probability vs. loss probability	1.41	1.13	+0.27
Calmar ratio: Return relative to maximum drawdown	3.83	0.90	+2.93
Martin ratio: Return relative to average drawdown	11.58	3.06	+8.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IPOS vs. ATO - Sharpe Ratio Comparison

The current IPOS Sharpe Ratio is 2.24, which is higher than the ATO Sharpe Ratio of 0.73. The chart below compares the historical Sharpe Ratios of IPOS and ATO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IPOS	ATO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	0.73	+1.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.74	-1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.52	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.52	-0.43

Drawdowns

IPOS vs. ATO - Drawdown Comparison

The maximum IPOS drawdown since its inception was -73.09%, which is greater than ATO's maximum drawdown of -51.94%. Use the drawdown chart below to compare losses from any high point for IPOS and ATO.

Drawdown Indicators

	IPOS	ATO	Difference
Max Drawdown Largest peak-to-trough decline	-73.09%	-51.94%	-21.15%
Max Drawdown (1Y) Largest decline over 1 year	-17.17%	-12.58%	-4.59%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	-16.87%	-17.21%
Max Drawdown (5Y) Largest decline over 5 years	-69.93%	-19.08%	-50.85%
Max Drawdown (10Y) Largest decline over 10 years	-73.09%	-32.91%	-40.18%
Current Drawdown Current decline from peak	-40.44%	-11.98%	-28.46%
Average Drawdown Average peak-to-trough decline	-31.99%	-8.56%	-23.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.67%	3.70%	+1.97%

Volatility

IPOS vs. ATO - Volatility Comparison

Renaissance International IPO ETF (IPOS) has a higher volatility of 12.05% compared to Atmos Energy Corporation (ATO) at 4.88%. This indicates that IPOS's price experiences larger fluctuations and is considered to be riskier than ATO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPOS	ATO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	4.88%	+7.17%
Volatility (6M) Calculated over the trailing 6-month period	26.45%	11.33%	+15.12%
Volatility (1Y) Calculated over the trailing 1-year period	29.41%	15.45%	+13.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.19%	18.57%	+8.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.13%	21.24%	+2.89%

Dividends

IPOS vs. ATO - Dividend Comparison

IPOS's dividend yield for the trailing twelve months is around 0.68%, less than ATO's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATO Atmos Energy Corporation	2.30%	2.15%	2.36%	2.61%	2.48%	2.44%	2.46%	1.92%	2.14%	2.14%	2.31%	2.52%
IPOS Renaissance International IPO ETF	0.68%	1.04%	0.93%	0.33%	0.00%	0.00%	0.25%	0.89%	1.12%	0.87%	1.73%	1.08%

Frequently Asked Questions

Can I hold both IPOS and ATO in my portfolio?

IPOS and ATO have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IPOS or ATO?

IPOS has higher volatility (12.05%) compared to ATO (4.88%). In terms of maximum drawdown, IPOS dropped -73.09% vs ATO's -51.94%.

Which has better risk-adjusted returns?

IPOS currently has the higher Sharpe Ratio (2.24 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.