Renaissance International IPO ETF (IPOS) Performance
IPOS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.0% since Dec 31, 2025
- 1 year
- +10.3% total return
- 5 years
- −9.1% a year
- 10 years
- +0.4% a year
- Since first price
- +0.4% a year since 2014
IPOS trailing returns vs SPY, QQQ, AGG
| Period | IPOS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −15.7% | −15.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −19.0% | −19.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −10.7% | −11.2% | +7.8% | +8.4% | −1.5% |
| YTD | +10.0% | +9.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.3% | +9.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +47.3%+13.8%/yr | +43.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −38.0%−9.1%/yr | −39.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +3.6%+0.4%/yr | −6.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 7, 2014 | +4.9%+0.4%/yr | −7.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: IPOS vs SPY
From Oct 7, 2014: IPOS grew to $10,489, SPY to $47,988.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
IPOS returns by calendar year
4 of 11 full years positive. Best 2020 (+50.7%), worst 2022 (−33.5%). 2026 is year to date.
IPOS annual returns table
| Year | IPOS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.0% | −30.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +39.9% | −20.9% | +17.7% | +20.8% | +7.2% |
| 2024 | −12.3% | −18.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −16.5% | −32.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −33.5% | −49.4% | −18.2% | −32.6% | −13.0% |
| 2021 | −30.6% | −39.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +50.7% | −25.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +30.9% | −8.1% | +31.2% | +39.0% | +8.5% |
| 2018 | −19.0% | −28.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +36.8% | −4.5% | +21.7% | +32.7% | +3.6% |
| 2016 | −6.1% | −12.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −2.2% | −26.4% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
IPOS largest drawdowns
Now 53.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −73.1% | Apr 8, 2025 | not yet | 4.1 years | 5.7 years so far |
| Jun 4, 2015 | −34.0% | Feb 9, 2016 | Jan 5, 2018 | 8 months | 2.6 years |
| Jan 26, 2018 | −28.4% | Dec 24, 2018 | Jan 13, 2020 | 11 months | 2.0 years |
| Feb 19, 2020 | −25.6% | Mar 19, 2020 | May 26, 2020 | 29 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
IPOS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +16.8% | −6.1% | +2.2% | +1.6% |
| Volatility (annualized) | 23.9% | 27.1% | 22.8% | 21.9% |
| Sharpe ratio | 0.58 | -0.24 | 0.11 | 0.09 |
| Sortino ratio | 0.93 | -0.35 | 0.16 | 0.14 |
| Best month | +16.0% | +27.4% | +27.4% | +27.4% |
| Worst month | −12.7% | −12.8% | −12.8% | −12.8% |
| Best 12 months | +75.1% | +75.1% | +75.1% | +75.1% |
| Worst 12 months | −12.3% | −55.4% | −55.4% | −55.4% |
| Positive months | 64% | 47% | 51% | 49% |
| Beta vs S&P 500 | 0.94 | 0.78 | 0.77 | — |
| Correlation with S&P 500 | 0.49 | 0.45 | 0.51 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
IPOS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 132 | −55.4% | −1.9% | +75.1% | 48% |
| 3-year (a year) | 108 | −30.8% | +3.9% | +19.9% | 62% |
| 5-year (a year) | 84 | −13.9% | −6.1% | +17.4% | 35% |
| 10-year (a year) | 24 | −3.9% | −0.3% | +4.5% | 46% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
IPOS performance overview
Renaissance International IPO ETF (IPOS) returned +10.3% over the past year and +0.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +0.4% a year, turning $10,000 into about $10,489. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −73.1%, from Feb 17, 2021 to Apr 8, 2025; the fund has not yet regained that high. IPOS finished 4 of its 11 full calendar years with a gain; the best year was 2020 (+50.7%) and the worst 2022 (−33.5%). Volatility has been 21.9% a year.
Related: IPOS chart, IPOS dividends. See the IPOS overview for the latest quote and fund facts.
IPOS performance FAQ
What is the IPOS return over the past year?
IPOS returned +10.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 9.6%.
What is the average annual return of IPOS?
IPOS has returned −9.1% a year over 5 years, +0.4% a year over 10 years, +0.4% a year since October 7, 2014 (total return, distributions reinvested).
How much would $10,000 invested in IPOS be worth?
$10,000 invested in IPOS at its first recorded close on October 7, 2014 would be worth about $10,489 on October 23, 2026 with distributions reinvested.
What was the worst year for IPOS?
The worst calendar year was 2022, with a total return of −33.5%. The best was 2020 at +50.7%.
What is the biggest drawdown of IPOS?
The largest peak-to-trough decline was −73.1% between February 17, 2021 and April 8, 2025. It has not yet recovered to that high; it is 53.3% below its peak.
How volatile is IPOS?
Over the past 3 years IPOS had an annualized volatility of 23.9% and a Sharpe ratio of 0.58 (excess return over 1–3 month T-bills per unit of risk).