QQQN vs. IPO

Last updated Jul 21, 2026

QQQN (VictoryShares Nasdaq Next 50 ETF) and IPO (Renaissance IPO ETF) are both Mid Cap Growth Equities funds - QQQN tracks the Nasdaq Q-50 Index while IPO tracks the Renaissance IPO Index. Both are passively managed. QQQN charges 0.18%/yr vs 0.60%/yr for IPO.

Performance

QQQN vs. IPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Nasdaq Next 50 ETF (QQQN) and Renaissance IPO ETF (IPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

QQQN

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

IPO

• 1D: 0.22%
• 1M: -11.16%
• 6M: 10.02%
• YTD: 16.02%
• 1Y: 17.45%
• 3Y*: 15.22%
• 5Y*: -3.45%
• 10Y*: 10.34%
• ALL TIME*: 8.35%

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

QQQN vs. IPO - Yearly Performance Comparison

	2026 (YTD)
QQQN VictoryShares Nasdaq Next 50 ETF	0.00%
IPO Renaissance IPO ETF	27.20%

QQQN vs. IPO - Sectors Allocation Comparison

Sectors	QQQN	IPO
Technology	47.3%	43.6%
Healthcare	19.9%	13.0%
Consumer Cyclical	13.7%	9.6%
Industrials	8.7%	12.5%
Communication Services	5.5%	6.6%
Basic Materials	1.9%	-
Utilities	1.6%	0.9%
Consumer Defensive	1.4%	0.3%
Energy	-	3.1%
Financial Services	-	6.3%
Real Estate	-	4.1%

Return for Risk

QQQN vs. IPO — Risk / Return Rank

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

QQQN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IPO

IPO Risk / Return Rank: 21
IPO Sharpe Ratio Rank: 22
IPO Sortino Ratio Rank: 23
IPO Omega Ratio Rank: 21
IPO Calmar Ratio Rank: 21
IPO Martin Ratio Rank: 19

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.

QQQN vs. IPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Nasdaq Next 50 ETF (QQQN) 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.

	QQQN	IPO	Difference
Sharpe ratio: Return per unit of total volatility	—	0.57	—
Sortino ratio: Return per unit of downside risk	—	0.98	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.67	—
Martin ratio: Return relative to average drawdown	—	1.48	—

Drawdowns

QQQN vs. IPO - Drawdown Comparison

The maximum QQQN drawdown since its inception was 0.00%, smaller than the maximum IPO drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for QQQN and IPO.

Drawdown Indicators

	QQQN	IPO	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-68.76%	+68.76%
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 Drawdown Current decline from peak	0.00%	-29.90%	+29.90%
Average Drawdown Average peak-to-trough decline	0.00%	-22.95%	+22.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.83%	—

Volatility

Volatility by Period

	QQQN	IPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	24.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	31.05%	-31.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	36.16%	-36.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	31.65%	-31.65%

QQQN vs. IPO - Expense Ratio Comparison

QQQN has a 0.18% expense ratio, which is lower than IPO's 0.60% expense ratio.

Dividends

QQQN vs. IPO - Dividend Comparison

QQQN 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%
QQQN VictoryShares Nasdaq Next 50 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

Which ETF is better, QQQN or IPO?

On fees, QQQN is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QQQN or IPO?

QQQN is cheaper with a 0.18% expense ratio, compared with 0.60% for IPO.

Which ETF pays a higher dividend yield, QQQN or IPO?

IPO has the higher dividend yield at 0.45%, compared with 0.00% for QQQN.

What is the main difference between QQQN and IPO?

QQQN tracks Nasdaq Q-50 Index, while IPO tracks Renaissance IPO Index. They also come from different issuers: VictoryShares and Renaissance Capital. Their fees differ too: 0.18% for QQQN and 0.60% for IPO.