IPOS vs. EPIN

Last updated Jul 17, 2026

IPOS (Renaissance International IPO ETF) and EPIN (Harbor International Equity ETF) are both Foreign Large Cap Equities funds. IPOS is passively managed, while EPIN is actively managed. Over the past year, IPOS returned 53.35% vs 34.90% for EPIN. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.80% expense ratio.

Performance

IPOS vs. EPIN - Performance Comparison

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

Returns By Period

In the year-to-date period, IPOS achieves a 37.73% return, which is significantly higher than EPIN's 21.71% return.

IPOS

• 1D: -2.71%
• 1M: -5.15%
• 6M: 26.80%
• YTD: 37.73%
• 1Y: 53.35%
• 3Y*: 14.67%
• 5Y*: -7.57%
• 10Y*: 3.04%

EPIN

• 1D: -1.31%
• 1M: -1.48%
• 6M: 14.51%
• YTD: 21.71%
• 1Y: 34.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IPOS vs. EPIN - Yearly Performance Comparison

	2026 (YTD)	2025
IPOS Renaissance International IPO ETF	37.73%	16.20%
EPIN Harbor International Equity ETF	21.71%	14.36%

Correlation

The correlation between IPOS and EPIN is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.62

The correlation between IPOS and EPIN has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.

IPOS vs. EPIN - Sectors Allocation Comparison

Sectors	IPOS	EPIN
Technology	50.2%	34.1%
Healthcare	14.9%	6.6%
Industrials	13.4%	20.4%
Financial Services	7.3%	17.7%
Consumer Cyclical	6.3%	6.1%
Energy	4.9%	4.2%
Consumer Defensive	4.2%	2.5%
Basic Materials	3.8%	7.3%
Utilities	3.1%	-
Communication Services	0.3%	1.2%
Real Estate	-	-

Return for Risk

IPOS vs. EPIN — Risk / Return Rank

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

IPOS

IPOS Risk / Return Rank: 63
IPOS Sharpe Ratio Rank: 60
IPOS Sortino Ratio Rank: 55
IPOS Omega Ratio Rank: 60
IPOS Calmar Ratio Rank: 76
IPOS Martin Ratio Rank: 64

EPIN

EPIN Risk / Return Rank: 72
EPIN Sharpe Ratio Rank: 72
EPIN Sortino Ratio Rank: 69
EPIN Omega Ratio Rank: 71
EPIN Calmar Ratio Rank: 74
EPIN Martin Ratio Rank: 75

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. EPIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Renaissance International IPO ETF (IPOS) and Harbor International Equity ETF (EPIN). 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.

	IPOS	EPIN	Difference
Sharpe ratio: Return per unit of total volatility	1.60	1.84	-0.25
Sortino ratio: Return per unit of downside risk	2.14	2.53	-0.38
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	3.12	3.01	+0.11
Martin ratio: Return relative to average drawdown	8.97	11.10	-2.13

IPOS vs. EPIN - Sharpe Ratio Comparison

The current IPOS Sharpe Ratio is 1.60, which is comparable to the EPIN Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of IPOS and EPIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IPOS vs. EPIN - Drawdown Comparison

The maximum IPOS drawdown since its inception was -73.09%, which is greater than EPIN's maximum drawdown of -11.64%. Use the drawdown chart below to compare losses from any high point for IPOS and EPIN.

Drawdown Indicators

	IPOS	EPIN	Difference
Max Drawdown Largest peak-to-trough decline	-73.09%	-11.64%	-61.45%
Max Drawdown (1Y) Largest decline over 1 year	-17.17%	-11.64%	-5.53%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-69.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-73.09%	—	—
Current Drawdown Current decline from peak	-41.47%	-3.78%	-37.69%
Average Drawdown Average peak-to-trough decline	-32.05%	-1.84%	-30.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	3.15%	+2.81%

Volatility

IPOS vs. EPIN - Volatility Comparison

Renaissance International IPO ETF (IPOS) has a higher volatility of 11.71% compared to Harbor International Equity ETF (EPIN) at 5.63%. This indicates that IPOS's price experiences larger fluctuations and is considered to be riskier than EPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPOS	EPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.71%	5.63%	+6.08%
Volatility (6M) Calculated over the trailing 6-month period	30.93%	16.97%	+13.96%
Volatility (1Y) Calculated over the trailing 1-year period	33.61%	19.04%	+14.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.15%	18.47%	+9.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.50%	18.47%	+6.03%

IPOS vs. EPIN - Expense Ratio Comparison

Both IPOS and EPIN have an expense ratio of 0.80%.

Dividends

IPOS vs. EPIN - Dividend Comparison

IPOS's dividend yield for the trailing twelve months is around 0.34%, less than EPIN's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPIN Harbor International Equity ETF	0.65%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IPOS Renaissance International IPO ETF	0.34%	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 EPIN in my portfolio?

IPOS and EPIN have a correlation of 0.63, 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 EPIN?

IPOS has higher volatility (11.71%) compared to EPIN (5.63%). In terms of maximum drawdown, IPOS dropped -73.09% vs EPIN's -11.64%.

Which ETF is better, IPOS or EPIN?

On 1-year performance, IPOS leads with 53.35% vs 34.90% for EPIN. Both ETFs have the same 0.80% expense ratio. On volatility, EPIN has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IPOS or EPIN?

Over the 1-year period, IPOS has performed better with a 53.35% return vs 34.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IPOS or EPIN?

IPOS and EPIN have the same expense ratio: 0.80% per year.

Which ETF pays a higher dividend yield, IPOS or EPIN?

EPIN has the higher dividend yield at 0.65%, compared with 0.34% for IPOS.

What is the main difference between IPOS and EPIN?

They also come from different issuers: Renaissance Capital and Harbor.

Which has better risk-adjusted returns?

EPIN currently has the higher Sharpe Ratio (1.84 vs 1.60), 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.