Correlation
The correlation between IPOS and PIZ is 0.43, 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.
IPOS vs. PIZ
Compare and contrast key facts about Renaissance International IPO ETF (IPOS) and Invesco DWA Developed Markets Momentum ETF (PIZ).
IPOS and PIZ 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. PIZ is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Developed Markets Technical Leaders Index. It was launched on Dec 28, 2007. Both IPOS and PIZ 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 PIZ.
Performance
IPOS vs. PIZ - Performance Comparison
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Key characteristics
IPOS:
0.01
PIZ:
1.36
IPOS:
0.00
PIZ:
1.85
IPOS:
1.00
PIZ:
1.25
IPOS:
-0.04
PIZ:
1.60
IPOS:
-0.27
PIZ:
7.68
IPOS:
10.05%
PIZ:
3.45%
IPOS:
23.56%
PIZ:
20.91%
IPOS:
-73.09%
PIZ:
-60.61%
IPOS:
-64.70%
PIZ:
-0.78%
Returns By Period
In the year-to-date period, IPOS achieves a 16.26% return, which is significantly lower than PIZ's 22.54% return. Over the past 10 years, IPOS has underperformed PIZ with an annualized return of -4.16%, while PIZ has yielded a comparatively higher 7.37% annualized return.
IPOS
16.26%
6.31%
14.49%
1.98%
-8.08%
-11.65%
-4.16%
PIZ
22.54%
7.31%
18.52%
27.24%
14.45%
12.25%
7.37%
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IPOS vs. PIZ - Expense Ratio Comparison
Both IPOS and PIZ have an expense ratio of 0.80%.
Risk-Adjusted Performance
IPOS vs. PIZ — Risk-Adjusted Performance Rank
IPOS
PIZ
IPOS vs. PIZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance International IPO ETF (IPOS) and Invesco DWA Developed Markets Momentum ETF (PIZ). 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.
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Dividends
IPOS vs. PIZ - Dividend Comparison
IPOS's dividend yield for the trailing twelve months is around 0.90%, less than PIZ's 1.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPOS Renaissance International IPO ETF | 0.90% | 0.93% | 0.33% | 0.00% | 0.00% | 0.25% | 0.89% | 5.40% | 0.87% | 1.73% | 1.08% | 0.16% |
PIZ Invesco DWA Developed Markets Momentum ETF | 1.52% | 1.68% | 1.86% | 2.04% | 1.00% | 0.37% | 1.58% | 1.05% | 1.30% | 2.21% | 1.09% | 1.61% |
Drawdowns
IPOS vs. PIZ - Drawdown Comparison
The maximum IPOS drawdown since its inception was -73.09%, which is greater than PIZ's maximum drawdown of -60.61%. Use the drawdown chart below to compare losses from any high point for IPOS and PIZ.
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Volatility
IPOS vs. PIZ - Volatility Comparison
Renaissance International IPO ETF (IPOS) and Invesco DWA Developed Markets Momentum ETF (PIZ) have volatilities of 3.64% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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