IPOS vs. FPX
Compare and contrast key facts about Renaissance International IPO ETF (IPOS) and First Trust US Equity Opportunities ETF (FPX).
IPOS and FPX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPOS is a passively managed fund by Renaissance Capital that tracks the performance of the Renaissance International IPO Index. It was launched on Oct 6, 2014. FPX is a passively managed fund by First Trust that tracks the performance of the IPOX-100 U.S. Index. It was launched on Apr 12, 2006. Both IPOS and FPX 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: IPOS or FPX.
Correlation
The correlation between IPOS and FPX is 0.44, 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
IPOS vs. FPX - Performance Comparison
Key characteristics
IPOS:
0.22
FPX:
1.64
IPOS:
0.43
FPX:
2.22
IPOS:
1.06
FPX:
1.28
IPOS:
0.06
FPX:
1.21
IPOS:
0.40
FPX:
7.78
IPOS:
10.67%
FPX:
4.85%
IPOS:
19.92%
FPX:
22.89%
IPOS:
-70.23%
FPX:
-56.29%
IPOS:
-67.43%
FPX:
-3.36%
Returns By Period
In the year-to-date period, IPOS achieves a 7.27% return, which is significantly lower than FPX's 8.43% return. Over the past 10 years, IPOS has underperformed FPX with an annualized return of -3.90%, while FPX has yielded a comparatively higher 10.83% annualized return.
IPOS
7.27%
6.58%
2.34%
5.06%
-11.55%
-3.90%
FPX
8.43%
7.38%
29.48%
35.19%
10.07%
10.83%
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IPOS vs. FPX - Expense Ratio Comparison
IPOS has a 0.80% expense ratio, which is higher than FPX's 0.57% expense ratio.
Risk-Adjusted Performance
IPOS vs. FPX — Risk-Adjusted Performance Rank
IPOS
FPX
IPOS vs. FPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance International IPO ETF (IPOS) and First Trust US Equity Opportunities ETF (FPX). 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
IPOS vs. FPX - Dividend Comparison
IPOS's dividend yield for the trailing twelve months is around 0.86%, more than FPX's 0.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPOS Renaissance International IPO ETF | 0.86% | 0.93% | 0.33% | 0.00% | 0.00% | 0.25% | 0.89% | 5.40% | 0.87% | 1.73% | 1.08% | 0.16% |
FPX First Trust US Equity Opportunities ETF | 0.09% | 0.09% | 0.27% | 1.08% | 0.14% | 0.28% | 0.67% | 0.88% | 0.68% | 0.77% | 0.62% | 0.79% |
Drawdowns
IPOS vs. FPX - Drawdown Comparison
The maximum IPOS drawdown since its inception was -70.23%, which is greater than FPX's maximum drawdown of -56.29%. Use the drawdown chart below to compare losses from any high point for IPOS and FPX. For additional features, visit the drawdowns tool.
Volatility
IPOS vs. FPX - Volatility Comparison
The current volatility for Renaissance International IPO ETF (IPOS) is 3.07%, while First Trust US Equity Opportunities ETF (FPX) has a volatility of 8.87%. This indicates that IPOS experiences smaller price fluctuations and is considered to be less risky than FPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.