Renaissance International IPO ETF
$20.19−0.32 (−1.54%)
- 0.80%
- $10M
- +24.2%
- 0.70%
- 0M sh
- $20.89
- low $15.65high $26.25
The ETF.net IPOS Grade
D
Score 31 out of 100
- 8 of 8
Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D29 out of 100Rank 6 of 8Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C44 out of 100Rank 7 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F22 out of 100Rank 7 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 5 of 8
Our read on IPOS
DThe overseas half of the IPO trade. IPOS tracks a rules-based index of the largest, most liquid newly public companies listed outside the US, roughly 60 names, wrapped in one ticker.
The Fund seeks to provide investors with the largest, most liquid internationally listed newly public company stocks in one security. It uses passive indexing to approximate the performance of the Renaissance International IPO Index.
Why people hold it
- One ticker for non-US new listings. The fund targets the largest, most liquid internationally listed newly public stocks rather than making you chase individual offerings across foreign exchanges.etfs.renaissancecapital.com
- Rules, not hunches. It passively tracks the Renaissance International IPO Index, so entries and exits follow published methodology instead of a manager's read on a hot deal.etfs.renaissancecapital.com
- A veteran in a thin category. Launched in 2014, it has run through multiple IPO booms and freezes, and it pays distributions on a quarterly schedule.
- Reach spans developed and emerging markets, so the basket picks up new listings from Europe and Asia that broad international index funds tend to hold only in small weights.etfs.renaissancecapital.com
Worth knowing
- Cost sits at the high end: 0.80% a year, above the 0.70% cohort median and above direct rival FPXI at 0.70%.
- Small and thinly traded. Bid-ask spreads carry more weight here than with large, heavily traded index funds, and size limits how easily big orders move.
- A focused basket of about 60 recent listings, all of them companies without long public track records. On our measures it lands in the back of its small IPO and spin-off peer group.
IPOS Holdings
- Stocks
- 52
- 63%
- Galderma
Sectors
- Technology47.4%
- Health Care17.5%
- Industrials14.6%
- Consumer Staples6.6%
- Materials5.6%
- Financials5.0%
- Consumer Discretionary3.4%
Geography
- China45.05%
- Japan28.66%
- Switzerland11.18%
- Hong Kong4.01%
- United Kingdom3.08%
- Luxembourg2.44%
- Germany1.98%
- Spain1.70%
- 1.91%
Developed 53% · Emerging 47%
IPOS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
IPOS$12,423
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | IPOS |
|---|---|
| Year to date | +22.3% |
| 1 month | −9.4% |
| 3 months | −15.6% |
| 1 year | +24.2% |
| 3 years | +15.8% |
| 5 years | −6.4% |
| 10 years | +1.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IPOS |
|---|---|---|
| 2026 YTD | +22.3% | |
| 2025 | +39.9% | |
| 2024 | −12.3% | |
| 2023 | −16.4% | |
| 2022 | −33.5% | |
| 2021 | −30.6% | |
| 2020 | +50.7% |
IPOS in the news
IPOS Dividends
- 0.70%
- $0.14
- $0.07 per share
- Quarterly
Distribution history
IPOS Risk
- 23.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.58
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −64.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.34
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IPOS Cost
0.80%
IPOS0.80%
- The middle half of IPO & Spin-Off funds
- Median 0.70%
5 of the 8 IPO & Spin-Off funds charge less.
Other funds in IPO & Spin-Off
- BIPORenaissance IPO ETFExpense ratio 0.60%1 year return +5.7%
- CFPXIFirst Trust International Equity Opportunities ETFExpense ratio 0.70%1 year return +15.6%
- CFPXEFirst Trust IPOX Europe Equity Opportunities ETFExpense ratio 0.70%1 year return +2.4%
- DSPAQHorizon Kinetics SPAC Active ETFExpense ratio 0.85%1 year return +2.1%
- DSPCKSPAC and New Issue ETFExpense ratio 2.31%1 year return −1.5%