VXF vs. IPO
Compare and contrast key facts about Vanguard Extended Market ETF (VXF) and Renaissance IPO ETF (IPO).
VXF and IPO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VXF is a passively managed fund by Vanguard that tracks the performance of the S&P Completion Index. It was launched on Dec 27, 2001. IPO is a passively managed fund by Renaissance Capital that tracks the performance of the Renaissance IPO Index. It was launched on Oct 14, 2013. Both VXF and IPO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VXF vs. IPO - Performance Comparison
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VXF vs. IPO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VXF Vanguard Extended Market ETF | -0.59% | 11.40% | 16.89% | 25.51% | -26.52% | 12.31% | 32.45% | 27.96% | -9.34% | 18.06% |
IPO Renaissance IPO ETF | -7.91% | 5.45% | 15.68% | 52.55% | -57.26% | -10.31% | 107.88% | 34.11% | -17.24% | 37.16% |
Returns By Period
In the year-to-date period, VXF achieves a -0.59% return, which is significantly higher than IPO's -7.91% return. Over the past 10 years, VXF has outperformed IPO with an annualized return of 11.00%, while IPO has yielded a comparatively lower 8.30% annualized return.
VXF
- 1D
- 0.69%
- 1M
- -4.65%
- YTD
- -0.59%
- 6M
- -0.70%
- 1Y
- 21.08%
- 3Y*
- 15.35%
- 5Y*
- 4.13%
- 10Y*
- 11.00%
IPO
- 1D
- 0.31%
- 1M
- -3.84%
- YTD
- -7.91%
- 6M
- -14.67%
- 1Y
- 11.66%
- 3Y*
- 13.11%
- 5Y*
- -7.77%
- 10Y*
- 8.30%
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VXF vs. IPO - Expense Ratio Comparison
VXF has a 0.06% expense ratio, which is lower than IPO's 0.60% expense ratio.
Return for Risk
VXF vs. IPO — Risk / Return Rank
VXF
IPO
VXF vs. IPO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market ETF (VXF) 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.
| VXF | IPO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.36 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.74 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.09 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 0.48 | +1.01 |
Martin ratioReturn relative to average drawdown | 6.06 | 1.12 | +4.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VXF | IPO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.36 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.22 | +0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.27 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.22 | +0.21 |
Correlation
The correlation between VXF and IPO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VXF vs. IPO - Dividend Comparison
VXF's dividend yield for the trailing twelve months is around 1.17%, more than IPO's 0.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VXF Vanguard Extended Market ETF | 1.17% | 1.14% | 1.09% | 1.27% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
IPO Renaissance IPO ETF | 0.62% | 0.66% | 0.12% | 0.00% | 0.00% | 0.00% | 0.10% | 0.26% | 0.49% | 0.43% | 0.40% | 0.11% |
Drawdowns
VXF vs. IPO - Drawdown Comparison
The maximum VXF drawdown since its inception was -58.03%, smaller than the maximum IPO drawdown of -68.76%. Use the drawdown chart below to compare losses from any high point for VXF and IPO.
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Drawdown Indicators
| VXF | IPO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -68.76% | +10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.68% | -26.24% | +11.56% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | -66.02% | +29.63% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | -68.76% | +27.04% |
Current DrawdownCurrent decline from peak | -6.47% | -44.36% | +37.89% |
Average DrawdownAverage peak-to-trough decline | -9.61% | -22.78% | +13.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 11.10% | -7.51% |
Volatility
VXF vs. IPO - Volatility Comparison
The current volatility for Vanguard Extended Market ETF (VXF) is 6.89%, while Renaissance IPO ETF (IPO) has a volatility of 10.53%. This indicates that VXF experiences smaller price fluctuations and is considered to be less risky than IPO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VXF | IPO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.89% | 10.53% | -3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.50% | 22.44% | -8.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 32.74% | -9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.35% | 35.80% | -13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.25% | 31.26% | -9.01% |