Correlation
The correlation between IPOS and SPY 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. SPY
Compare and contrast key facts about Renaissance International IPO ETF (IPOS) and SPDR S&P 500 ETF (SPY).
IPOS and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both IPOS and SPY 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 SPY.
Performance
IPOS vs. SPY - Performance Comparison
Loading data...
Key characteristics
IPOS:
0.01
SPY:
0.70
IPOS:
0.00
SPY:
1.02
IPOS:
1.00
SPY:
1.15
IPOS:
-0.04
SPY:
0.68
IPOS:
-0.27
SPY:
2.57
IPOS:
10.05%
SPY:
4.93%
IPOS:
23.56%
SPY:
20.42%
IPOS:
-73.09%
SPY:
-55.19%
IPOS:
-64.70%
SPY:
-3.55%
Returns By Period
In the year-to-date period, IPOS achieves a 16.26% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, IPOS has underperformed SPY with an annualized return of -4.16%, while SPY has yielded a comparatively higher 12.73% annualized return.
IPOS
16.26%
6.31%
14.49%
1.98%
-8.08%
-11.65%
-4.16%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IPOS vs. SPY - Expense Ratio Comparison
IPOS has a 0.80% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
IPOS vs. SPY — Risk-Adjusted Performance Rank
IPOS
SPY
IPOS vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Renaissance International IPO ETF (IPOS) and SPDR S&P 500 ETF (SPY). 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.
Loading data...
Dividends
IPOS vs. SPY - Dividend Comparison
IPOS's dividend yield for the trailing twelve months is around 0.90%, less than SPY's 1.22% 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% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
IPOS vs. SPY - Drawdown Comparison
The maximum IPOS drawdown since its inception was -73.09%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for IPOS and SPY.
Loading data...
Volatility
IPOS vs. SPY - Volatility Comparison
The current volatility for Renaissance International IPO ETF (IPOS) is 3.64%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. This indicates that IPOS experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...