IPOS vs. VEA

Last updated Jun 4, 2026

IPOS (Renaissance International IPO ETF) and VEA (Vanguard FTSE Developed Markets ETF) are both Foreign Large Cap Equities funds - IPOS tracks the Renaissance International IPO Index while VEA tracks the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, IPOS returned 3.00%/yr vs 10.17%/yr for VEA. A 0.54 correlation means they provide meaningful diversification when combined. IPOS charges 0.80%/yr vs 0.03%/yr for VEA.

Performance

IPOS vs. VEA - Performance Comparison

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

Returns By Period

In the year-to-date period, IPOS achieves a 40.15% return, which is significantly higher than VEA's 14.92% return. Over the past 10 years, IPOS has underperformed VEA with an annualized return of 3.00%, while VEA has yielded a comparatively higher 10.17% annualized return.

IPOS

• 1D: 0.43%
• 1M: 10.58%
• YTD: 40.15%
• 6M: 44.26%
• 1Y: 65.50%
• 3Y*: 15.28%
• 5Y*: -7.69%
• 10Y*: 3.00%

VEA

• 1D: -0.90%
• 1M: 5.54%
• YTD: 14.92%
• 6M: 18.15%
• 1Y: 32.48%
• 3Y*: 19.77%
• 5Y*: 9.60%
• 10Y*: 10.17%

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

IPOS vs. VEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IPOS Renaissance International IPO ETF	40.15%	39.93%	-12.34%	-16.49%	-33.46%	-30.62%	50.71%	30.93%	-22.33%	36.83%
VEA Vanguard FTSE Developed Markets ETF	14.92%	35.16%	3.15%	17.93%	-15.34%	11.66%	9.71%	22.62%	-14.75%	26.42%

Correlation

The correlation between IPOS and VEA is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Oct 8, 2014	0.54

The correlation between IPOS and VEA shifts across timeframes, from 0.54 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.

IPOS vs. VEA - Sectors Allocation Comparison

Sectors	IPOS	VEA
Technology	42.0%	13.8%
Healthcare	16.2%	8.2%
Industrials	15.0%	19.2%
Financial Services	9.6%	23.3%
Consumer Cyclical	7.1%	7.5%
Basic Materials	5.3%	7.5%
Energy	4.9%	5.4%
Consumer Defensive	4.7%	5.6%
Utilities	3.1%	3.3%
Communication Services	0.3%	3.4%
Real Estate	-	2.7%

Return for Risk

IPOS vs. VEA — Risk / Return Rank

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

IPOS

IPOS Risk / Return Rank: 66
IPOS Sharpe Ratio Rank: 67
IPOS Sortino Ratio Rank: 58
IPOS Omega Ratio Rank: 67
IPOS Calmar Ratio Rank: 76
IPOS Martin Ratio Rank: 63

VEA

VEA Risk / Return Rank: 59
VEA Sharpe Ratio Rank: 60
VEA Sortino Ratio Rank: 60
VEA Omega Ratio Rank: 60
VEA Calmar Ratio Rank: 55
VEA Martin Ratio Rank: 60

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. VEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Renaissance International IPO ETF (IPOS) and Vanguard FTSE Developed Markets ETF (VEA). 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.

	IPOS	VEA	Difference
Sharpe ratio: Return per unit of total volatility	2.24	2.09	+0.15
Sortino ratio: Return per unit of downside risk	2.76	2.87	-0.11
Omega ratio: Gain probability vs. loss probability	1.41	1.38	+0.03
Calmar ratio: Return relative to maximum drawdown	3.83	2.81	+1.03
Martin ratio: Return relative to average drawdown	11.58	10.94	+0.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IPOS vs. VEA - Sharpe Ratio Comparison

The current IPOS Sharpe Ratio is 2.24, which is comparable to the VEA Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of IPOS and VEA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IPOS	VEA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	2.09	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	0.58	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	0.59	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.25	-0.16

Drawdowns

IPOS vs. VEA - Drawdown Comparison

The maximum IPOS drawdown since its inception was -73.09%, which is greater than VEA's maximum drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for IPOS and VEA.

Drawdown Indicators

	IPOS	VEA	Difference
Max Drawdown Largest peak-to-trough decline	-73.09%	-60.68%	-12.41%
Max Drawdown (1Y) Largest decline over 1 year	-17.17%	-11.63%	-5.54%
Max Drawdown (3Y) Largest decline over 3 years	-34.08%	-13.45%	-20.63%
Max Drawdown (5Y) Largest decline over 5 years	-69.93%	-29.71%	-40.22%
Max Drawdown (10Y) Largest decline over 10 years	-73.09%	-35.73%	-37.36%
Current Drawdown Current decline from peak	-40.44%	-0.90%	-39.54%
Average Drawdown Average peak-to-trough decline	-31.99%	-13.29%	-18.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.67%	2.98%	+2.69%

Volatility

IPOS vs. VEA - Volatility Comparison

Renaissance International IPO ETF (IPOS) has a higher volatility of 12.05% compared to Vanguard FTSE Developed Markets ETF (VEA) at 5.66%. This indicates that IPOS's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IPOS	VEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.05%	5.66%	+6.39%
Volatility (6M) Calculated over the trailing 6-month period	26.45%	13.32%	+13.13%
Volatility (1Y) Calculated over the trailing 1-year period	29.41%	15.66%	+13.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.19%	16.55%	+10.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.13%	17.36%	+6.77%

IPOS vs. VEA - Expense Ratio Comparison

IPOS has a 0.80% expense ratio, which is higher than VEA's 0.03% expense ratio.

Dividends

IPOS vs. VEA - Dividend Comparison

IPOS's dividend yield for the trailing twelve months is around 0.68%, less than VEA's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IPOS Renaissance International IPO ETF	0.68%	1.04%	0.93%	0.33%	0.00%	0.00%	0.25%	0.89%	1.12%	0.87%	1.73%	1.08%
VEA Vanguard FTSE Developed Markets ETF	2.62%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%

Frequently Asked Questions

Can I hold both IPOS and VEA in my portfolio?

IPOS and VEA have a correlation of 0.57, 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 VEA?

IPOS has higher volatility (12.05%) compared to VEA (5.66%). In terms of maximum drawdown, IPOS dropped -73.09% vs VEA's -60.68%.

Which ETF is better, IPOS or VEA?

On 10-year performance, VEA leads with 10.17% vs 3.00% for IPOS. On fees, VEA is cheaper at 0.03% per year. On volatility, VEA has been the lower-risk option at 5.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IPOS or VEA?

Over the 10-year period, VEA has performed better with a 10.17% return vs 3.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IPOS or VEA?

VEA is cheaper with a 0.03% expense ratio, compared with 0.80% for IPOS.

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

VEA has the higher dividend yield at 2.62%, compared with 0.68% for IPOS.

What is the main difference between IPOS and VEA?

IPOS tracks Renaissance International IPO Index, while VEA tracks FTSE Developed All Cap ex US Index. They also come from different issuers: Renaissance Capital and Vanguard. Their fees differ too: 0.80% for IPOS and 0.03% for VEA.

Which has better risk-adjusted returns?

IPOS currently has the higher Sharpe Ratio (2.24 vs 2.09), 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.