PCSG vs. IPO
PCSG (Polen 5Perspectives Small-Mid Growth ETF) and IPO (Renaissance IPO ETF) are both Mid Cap Growth Equities funds. PCSG is actively managed, while IPO is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.
Performance
PCSG vs. IPO - Performance Comparison
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Returns By Period
PCSG
- 1D
- -0.62%
- 1M
- -10.84%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IPO
- 1D
- -1.08%
- 1M
- -7.09%
- 6M
- 12.20%
- YTD
- 16.36%
- 1Y
- 15.06%
- 3Y*
- 15.35%
- 5Y*
- -3.25%
- 10Y*
- 10.42%
- ALL TIME*
- 8.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $906.43K | $1.68M | $2.19M | |
| $3.95K | $14.31K | $29.15K |
PCSG vs. IPO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
PCSG Polen 5Perspectives Small-Mid Growth ETF | -6.75% |
IPO Renaissance IPO ETF | 8.24% |
Correlation
The correlation between PCSG and IPO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 18, 2026 | 0.80 |
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Return for Risk
PCSG vs. IPO — Risk / Return Rank
PCSG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IPO
PCSG vs. IPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Polen 5Perspectives Small-Mid Growth ETF (PCSG) and Renaissance IPO ETF (IPO). 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.
| PCSG | IPO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.58 | — |
| Martin ratioReturn relative to average drawdown | — | 1.27 | — |
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Drawdowns
PCSG vs. IPO - Drawdown Comparison
The maximum PCSG drawdown since its inception was -14.30%, smaller than the maximum IPO drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for PCSG and IPO.
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Drawdown Indicators
| PCSG | IPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.30% | -68.76% | +54.46% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.24% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.76% | — |
Current DrawdownCurrent decline from peak | -13.11% | -29.69% | +16.58% |
Average DrawdownAverage peak-to-trough decline | -5.04% | -22.95% | +17.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.88% | — |
Volatility
PCSG vs. IPO - Volatility Comparison
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Volatility by Period
| PCSG | IPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.65% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.31% | 31.12% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.31% | 36.18% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.31% | 31.66% | +3.65% |
PCSG vs. IPO - Expense Ratio Comparison
Both PCSG and IPO have an expense ratio of 0.60%.
Dividends
PCSG vs. IPO - Dividend Comparison
PCSG has not paid dividends to shareholders, while IPO's dividend yield for the trailing twelve months is around 0.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IPO Renaissance IPO ETF | 0.45% | 0.66% | 0.12% | 0.00% | 0.00% | 0.00% | 0.10% | 0.26% | 0.49% | 0.43% | 0.40% | 0.11% |
PCSG Polen 5Perspectives Small-Mid Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PCSG and IPO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PCSG and IPO have the same expense ratio: 0.60% per year.
IPO has the higher dividend yield at 0.45%, compared with 0.00% for PCSG.
They also come from different issuers: Polen and Renaissance Capital.
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