IPOS vs. IDHQ
IPOS (Renaissance International IPO ETF) and IDHQ (Invesco S&P International Developed High Quality ETF) are both exchange-traded funds - IPOS is a Foreign Large Cap Equities fund tracking the Renaissance International IPO Index, while IDHQ is a Quality Factor fund tracking the IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. Both are passively managed. Over the past 10 years, IPOS returned 2.37%/yr vs 10.64%/yr for IDHQ. Their 0.52 correlation means they have sometimes moved together and sometimes differently. IPOS charges 0.80%/yr vs 0.29%/yr for IDHQ.
Performance
IPOS vs. IDHQ - Performance Comparison
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Returns By Period
In the year-to-date period, IPOS achieves a 32.73% return, which is significantly higher than IDHQ's 26.27% return. Over the past 10 years, IPOS has underperformed IDHQ with an annualized return of 2.37%, while IDHQ has yielded a comparatively higher 10.64% annualized return.
IPOS
- 1D
- 0.99%
- 1M
- -8.90%
- 6M
- 16.48%
- YTD
- 32.73%
- 1Y
- 48.11%
- 3Y*
- 12.33%
- 5Y*
- -7.18%
- 10Y*
- 2.37%
- ALL TIME*
- 1.63%
IDHQ
- 1D
- -1.04%
- 1M
- -0.18%
- 6M
- 17.73%
- YTD
- 26.27%
- 1Y
- 41.32%
- 3Y*
- 19.52%
- 5Y*
- 9.70%
- 10Y*
- 10.64%
- ALL TIME*
- 5.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.89M | $6.19M | $5.51M | |
| $55.92K | $63.26K | $109.96K |
IPOS vs. IDHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IPOS Renaissance International IPO ETF | 32.73% | 39.93% | -12.34% | -16.49% | -33.46% | -30.62% | 50.71% | 30.93% | -22.33% | 36.83% |
IDHQ Invesco S&P International Developed High Quality ETF | 26.27% | 27.46% | 1.33% | 18.80% | -20.23% | 11.38% | 16.09% | 29.58% | -13.38% | 28.16% |
Correlation
The correlation between IPOS and IDHQ is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 7, 2014 | 0.52 |
The correlation between IPOS and IDHQ shifts across timeframes, from 0.52 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IPOS vs. IDHQ — Risk / Return Rank
IPOS
IDHQ
IPOS vs. IDHQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance International IPO ETF (IPOS) and Invesco S&P International Developed High Quality ETF (IDHQ). 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 | IDHQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 3.03 | -0.43 |
| Martin ratioReturn relative to average drawdown | 7.14 | 12.14 | -5.00 |
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Drawdowns
IPOS vs. IDHQ - Drawdown Comparison
The maximum IPOS drawdown since its inception was -73.09%, roughly equal to the maximum IDHQ drawdown of -73.84%. Use the drawdown chart below to compare losses from any high point for IPOS and IDHQ.
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Drawdown Indicators
| IPOS | IDHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.09% | -73.84% | +0.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.27% | -13.44% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -31.44% | -14.07% | -17.37% |
Max Drawdown (5Y)Largest decline over 5 years | -67.41% | -33.54% | -33.87% |
Max Drawdown (10Y)Largest decline over 10 years | -73.09% | -33.54% | -39.55% |
Current DrawdownCurrent decline from peak | -43.60% | -1.04% | -42.56% |
Average DrawdownAverage peak-to-trough decline | -32.09% | -21.03% | -11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 3.35% | +3.28% |
Volatility
IPOS vs. IDHQ - Volatility Comparison
Renaissance International IPO ETF (IPOS) has a higher volatility of 10.88% compared to Invesco S&P International Developed High Quality ETF (IDHQ) at 4.17%. This indicates that IPOS's price experiences larger fluctuations and is considered to be riskier than IDHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IPOS | IDHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.88% | 4.17% | +6.71% |
Volatility (6M)Calculated over the trailing 6-month period | 31.55% | 18.92% | +12.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.20% | 20.74% | +13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.15% | 17.85% | +10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.60% | 17.97% | +6.63% |
IPOS vs. IDHQ - Expense Ratio Comparison
IPOS has a 0.80% expense ratio, which is higher than IDHQ's 0.29% expense ratio.
Dividends
IPOS vs. IDHQ - Dividend Comparison
IPOS's dividend yield for the trailing twelve months is around 0.35%, less than IDHQ's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDHQ Invesco S&P International Developed High Quality ETF | 2.01% | 2.46% | 2.41% | 2.52% | 3.33% | 2.10% | 1.60% | 2.10% | 2.67% | 1.68% | 2.36% | 1.71% |
IPOS Renaissance International IPO ETF | 0.35% | 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
IPOS and IDHQ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IPOS has higher volatility (10.88%) compared to IDHQ (4.17%). In terms of maximum drawdown, IPOS dropped -73.09% vs IDHQ's -73.84%.
On 10-year performance, IDHQ leads with 10.64% vs 2.37% for IPOS. On fees, IDHQ is cheaper at 0.29% per year. On volatility, IDHQ has been the lower-risk option at 4.17%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDHQ has performed better with a 10.64% return vs 2.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDHQ is cheaper with a 0.29% expense ratio, compared with 0.80% for IPOS.
IDHQ has the higher dividend yield at 2.01%, compared with 0.35% for IPOS.
IPOS is categorized as Foreign Large Cap Equities, while IDHQ is Quality Factor. IPOS tracks Renaissance International IPO Index, while IDHQ tracks IDHQ-US - S&P Quality Developed Ex-U.S. LargeMidCap Index. They also come from different issuers: Renaissance Capital and Invesco. Their fees differ too: 0.80% for IPOS and 0.29% for IDHQ.
IDHQ currently has the higher Sharpe Ratio (1.97 vs 1.39), 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.
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