IPO vs EEMX
Comparison between RENAISSANCE IPO ETF (IPO, ETF) and STATE STREET(R) SPDR(R) MSCI EMERGING MARKETS FOSSIL FUEL RESERVES FREE ETF (EEMX, ETF).
5-Year PerformanceEEMX has outperformed IPO, delivering a return of +7.7% compared to -2.9%
IPO vs EEMX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
IPO
$182M
EEMX
$181M
Expense Ratio
IPO
0.60%
Winner
EEMX
0.30%
Max Drawdown
IPO
68.76%
Winner
EEMX
41.23%
Sharpe Ratio
IPO
0.64
Winner
EEMX
1.27
5Y Beta
IPO
1.51
Winner
EEMX
0.89
P/E Ratio
IPO
-150.45
EEMX
N/A
Forward P/E
IPO
43.05
EEMX
N/A
PEG Ratio
IPO
0.52
EEMX
N/A
5Y Dividends CAGR
IPO
N/A
EEMX
8.73%
P/S Ratio
IPO
4.12
EEMX
N/A
P/B Ratio
IPO
6.60
EEMX
N/A
IPO vs EEMX - Holdings Comparison
IPO and EEMX have 1 common holdings. Overlap is 0.00%
IPO's top 25 holdings weight is 85.25%. EEMX's top 25 holdings weight is 48.91%.
| Rank | IPO | EEMX |
|---|---|---|
| #1 | ASTERA LABS INC (ALAB) - 9.71% | n/a (n/a) - 15.27% |
| #2 | REDDIT INC CLASS A SHARES (RDDT) - 8.07% | SAMSUNG ELECTRONICS CO LTD (n/a) - 8.60% |
| #3 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 7.79% | SK HYNIX INC (n/a) - 7.47% |
| #4 | ARM HOLDINGS PLC ADR (ARM) - 7.39% | TENCENT HOLDINGS LTD (n/a) - 2.83% |
| #5 | MEDLINE INC ORDINARY SHARES CLASS A (MDLN) - 5.40% | n/a (n/a) - 1.66% |
| #6 | VIKING HOLDINGS LTD (VIK) - 5.31% | MEDIATEK INC (n/a) - 1.62% |
| #7 | RUBRIK INC CLASS A SHARES (RBRK) - 3.80% | DELTA ELECTRONICS INC (n/a) - 1.03% |
| #8 | CIRCLE INTERNET GROUP INC ORDINARY SHARES CLASS A (CRCL) - 3.59% | n/a (n/a) - 0.93% |
| #9 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 3.32% | SK SQUARE (n/a) - 0.90% |
| #10 | AMERICAN HEALTHCARE REIT INC ORDINARY SHARES (AHR) - 3.16% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.82% |
| #11 | KASPI.KZ JSC ADS (KSPI) - 2.90% | HDFC BANK LTD (n/a) - 0.80% |
| #12 | MAPLEBEAR INC (CART) - 2.23% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.76% |
| #13 | UL SOLUTIONS INC CLASS A COMMON STOCK (ULS) - 2.06% | ICICI BANK LTD (n/a) - 0.64% |
| #14 | KODIAK GAS SERVICES INC (KGS) - 2.03% | SAMSUNG ELECTRO-MECHANICS CO LTD (n/a) - 0.60% |
| #15 | AMER SPORTS INC (AS) - 2.00% | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.58% |
| #16 | CEREBRAS SYSTEMS INC CLASS A (CBRS) - 1.94% | UNITED MICROELECTRONICS CORP (n/a) - 0.54% |
| #17 | STANDARDAERO INC (SARO) - 1.92% | n/a (n/a) - 0.50% |
| #18 | TEMPUS AI INC CLASS A COMMON STOCK (TEM) - 1.88% | BHARTI AIRTEL LTD (n/a) - 0.46% |
| #19 | APOGEE THERAPEUTICS INC (APGE) - 1.80% | VALE SA (n/a) - 0.44% |
| #20 | CHIME FINANCIAL INC ORDINARY SHARES CLASS A (CHYM) - 1.75% | YAGEO CORP (n/a) - 0.44% |
| #21 | FORGENT POWER SOLUTIONS INC ORDINARY SHARES CLASS A (FPS) - 1.66% | AL RAJHI BANK (n/a) - 0.43% |
| #22 | FIGMA INC CLASS A (FIG) - 1.53% | XIAOMI CORP CLASS B (n/a) - 0.42% |
| #23 | SERVICETITAN INC CLASS A ORDINARY SHARES (TTAN) - 1.43% | n/a (n/a) - 0.41% |
| #24 | FIGURE TECHNOLOGY SOLUTIONS INC ORDINARY SHARES-CLASS A (FIGR) - 1.34% | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.38% |
| #25 | LEGENCE CORP ORDINARY SHARES CLASS A (LGN) - 1.24% | ELITE MATERIAL CO LTD (n/a) - 0.38% |
| Total Holdings | 54 | 1034 |
IPO vs EEMX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IPO
-7.77%
EEMX
-8.27%
3M
Winner
IPO
+11.59%
EEMX
+6.49%
6M
Winner
IPO
+16.17%
EEMX
+13.90%
1Y
IPO
+18.67%
Winner
EEMX
+36.96%
5Y(CAGR)
IPO
-2.92%
Winner
EEMX
+7.68%
10Y(CAGR)
Winner
IPO
+10.69%
EEMX
+8.82%
Max(CAGR)
IPO
+8.46%
Winner
EEMX
+8.82%
IPO vs EEMX - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | IPO | EEMX |
|---|---|---|
| 2026 | +15.76% | +18.35% |
| 2025 | +3.34% | +35.36% |
| 2024 | +20.50% | +8.80% |
| 2023 | +55.06% | +8.73% |
| 2022 | -56.71% | -19.82% |
| 2021 | -9.24% | -4.28% |
| 2020 | +104.07% | +17.45% |
| 2019 | +33.94% | +18.04% |
| 2018 | -17.82% | -18.13% |
| 2017 | +36.17% | +38.45% |
| 2016 | +2.36% | -6.70% |
| 2015 | -7.95% | N/A |
| 2014 | +7.41% | N/A |
| 2013 | +7.55% | N/A |
IPO vs EEMX Drawdown Comparison
The maximum drawdown for IPO was -68.76%, occurring on Dec 28, 2022. This drawdown has not yet recovered.
The maximum drawdown for EEMX was -39.90%, occurring on Oct 24, 2022. Recovery took 1146 trading sessions.
The current IPO drawdown is -27.96%. The current EEMX drawdown is -8.27%.
| Rank | IPO | EEMX |
|---|---|---|
| #1 | -68.76% Feb 12, 2021 - Dec 28, 2022 | -39.90% Feb 16, 2021 - Sep 9, 2025 |
| #2 | -38.47% Feb 19, 2020 - May 20, 2020 | -36.38% Jan 26, 2018 - Nov 16, 2020 |
| #3 | -36.73% Apr 16, 2015 - May 15, 2017 | -13.89% Feb 25, 2026 - Apr 17, 2026 |
| #4 | -31.34% Jun 18, 2018 - May 3, 2019 | -11.26% Jun 22, 2026 - Jul 17, 2026 |
| #5 | -17.59% Jul 26, 2019 - Jan 16, 2020 | -9.04% Jun 2, 2026 - Jun 18, 2026 |
| #6 | -13.19% Mar 5, 2014 - Sep 8, 2014 | -7.92% Oct 25, 2016 - Feb 15, 2017 |
| #7 | -11.58% Oct 13, 2020 - Nov 20, 2020 | -5.55% Oct 29, 2025 - Jan 2, 2026 |
| #8 | -10.96% Sep 11, 2014 - Nov 12, 2014 | -5.52% May 11, 2026 - May 26, 2026 |
| #9 | -10.76% Sep 1, 2020 - Sep 29, 2020 | -5.41% Jan 21, 2021 - Feb 9, 2021 |
| #10 | -9.40% Dec 22, 2020 - Jan 21, 2021 | -5.41% Nov 22, 2017 - Dec 28, 2017 |
| #11 | -8.14% Aug 5, 2020 - Aug 26, 2020 | -4.69% Oct 8, 2025 - Oct 17, 2025 |
| #12 | -7.39% May 3, 2019 - Jun 18, 2019 | -4.06% Aug 8, 2017 - Aug 29, 2017 |
| #13 | -7.03% Jan 23, 2018 - Mar 6, 2018 | -3.98% Mar 17, 2017 - Mar 24, 2017 |
| #14 | -6.78% Nov 24, 2014 - Feb 11, 2015 | -3.76% Jan 28, 2026 - Feb 11, 2026 |
| #15 | -6.75% Jul 9, 2020 - Aug 3, 2020 | -3.55% May 15, 2017 - Jul 13, 2017 |
Correlation
Correlation between IPO and EEMX is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.69
-101
Dividend Comparison (2013 - 2026)
IPO vs EEMX dividend yield comparison.
| Year | IPO | EEMX |
|---|---|---|
| 2026 | 0.11% | 0.23% |
| 2025 | 0.66% | 2.28% |
| 2024 | 0.12% | 2.26% |
| 2023 | 0.00% | 2.20% |
| 2022 | 0.00% | 2.38% |
| 2021 | 0.00% | 1.72% |
| 2020 | 0.10% | 1.42% |
| 2019 | 0.26% | 2.57% |
| 2018 | 0.49% | 2.41% |
| 2017 | 0.43% | 2.45% |
| 2016 | 0.40% | 0.15% |
| 2015 | 0.11% | 0.00% |
| 2014 | 2.45% | 0.00% |
| 2013 | 0.07% | 0.00% |
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