IPO vs FPX
Comparison between RENAISSANCE IPO ETF (IPO, ETF) and FIRST TRUST US EQUITY OPPORTUNITIES ETF (FPX, ETF).
5-Year PerformanceFPX has outperformed IPO, delivering a return of +7.8% compared to -3.8%
IPO vs FPX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IPO
$182M
Winner
FPX
$1.70B
Expense Ratio
IPO
0.60%
Winner
FPX
0.57%
Max Drawdown
IPO
68.76%
Winner
FPX
56.41%
Sharpe Ratio
IPO
0.51
Winner
FPX
0.98
5Y Beta
IPO
1.51
Winner
FPX
1.43
P/E Ratio
Winner
IPO
-144.29
FPX
66.01
Forward P/E
IPO
43.60
Winner
FPX
28.50
PEG Ratio
IPO
0.51
Winner
FPX
0.17
5Y Dividends CAGR
IPO
N/A
FPX
27.63%
Debt to Equity
IPO
N/A
FPX
79.07%
P/S Ratio
IPO
4.12
Winner
FPX
2.40
P/B Ratio
IPO
6.55
Winner
FPX
4.73
IPO vs FPX - Holdings Comparison
IPO and FPX have 17 common holdings. Overlap is 13.34%
IPO's top 25 holdings weight is 85.25%. FPX's top 25 holdings weight is 65.73%.
| Rank | IPO | FPX |
|---|---|---|
| #1 | ASTERA LABS INC (ALAB) - 9.71% | GE VERNOVA INC (GEV) - 10.96% |
| #2 | REDDIT INC CLASS A SHARES (RDDT) - 8.07% | SANDISK CORP ORDINARY SHARES (SNDK) - 8.04% |
| #3 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 7.79% | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 5.87% |
| #4 | ARM HOLDINGS PLC ADR (ARM) - 7.39% | ELI LILLY AND CO (LLY) - 3.45% |
| #5 | MEDLINE INC ORDINARY SHARES CLASS A (MDLN) - 5.40% | n/a (WBD) - 2.88% |
| #6 | VIKING HOLDINGS LTD (VIK) - 5.31% | MEDLINE INC ORDINARY SHARES CLASS A (MDLN) - 2.73% |
| #7 | RUBRIK INC CLASS A SHARES (RBRK) - 3.80% | LUMENTUM HOLDINGS INC (LITE) - 2.47% |
| #8 | CIRCLE INTERNET GROUP INC ORDINARY SHARES CLASS A (CRCL) - 3.59% | APPLOVIN CORP ORDINARY SHARES CLASS A (APP) - 2.24% |
| #9 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 3.32% | THE GOLDMAN SACHS GROUP INC (GS) - 1.99% |
| #10 | AMERICAN HEALTHCARE REIT INC ORDINARY SHARES (AHR) - 3.16% | FEDEX CORP (FDX) - 1.95% |
| #11 | KASPI.KZ JSC ADS (KSPI) - 2.90% | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.88% |
| #12 | MAPLEBEAR INC (CART) - 2.23% | UL SOLUTIONS INC CLASS A COMMON STOCK (ULS) - 1.86% |
| #13 | UL SOLUTIONS INC CLASS A COMMON STOCK (ULS) - 2.06% | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 1.86% |
| #14 | KODIAK GAS SERVICES INC (KGS) - 2.03% | n/a (SPCX) - 1.77% |
| #15 | AMER SPORTS INC (AS) - 2.00% | DOORDASH INC ORDINARY SHARES CLASS A (DASH) - 1.75% |
| #16 | CEREBRAS SYSTEMS INC CLASS A (CBRS) - 1.94% | n/a (ASTS) - 1.72% |
| #17 | STANDARDAERO INC (SARO) - 1.92% | HF SINCLAIR CORP (DINO) - 1.60% |
| #18 | TEMPUS AI INC CLASS A COMMON STOCK (TEM) - 1.88% | VENTAS INC (VTR) - 1.58% |
| #19 | APOGEE THERAPEUTICS INC (APGE) - 1.80% | ENTERGY CORP (ETR) - 1.53% |
| #20 | CHIME FINANCIAL INC ORDINARY SHARES CLASS A (CHYM) - 1.75% | ROYALTY PHARMA PLC CLASS A (RPRX) - 1.37% |
| #21 | FORGENT POWER SOLUTIONS INC ORDINARY SHARES CLASS A (FPS) - 1.66% | SOLSTICE ADVANCED MATERIALS INC (SOLS) - 1.36% |
| #22 | FIGMA INC CLASS A (FIG) - 1.53% | MKS INC (MKSI) - 1.34% |
| #23 | SERVICETITAN INC CLASS A ORDINARY SHARES (TTAN) - 1.43% | THE VITA COCO CO INC (COCO) - 1.20% |
| #24 | FIGURE TECHNOLOGY SOLUTIONS INC ORDINARY SHARES-CLASS A (FIGR) - 1.34% | MAPLEBEAR INC (CART) - 1.18% |
| #25 | LEGENCE CORP ORDINARY SHARES CLASS A (LGN) - 1.24% | NEXTPOWER INC CLASS A (NXT) - 1.15% |
| Total Holdings | 54 | 102 |
IPO vs FPX - Historical Returns
Returns include dividend reinvestment.
1M
IPO
-9.00%
Winner
FPX
-5.85%
3M
Winner
IPO
+3.66%
FPX
+2.22%
6M
IPO
+8.98%
Winner
FPX
+10.58%
1Y
IPO
+12.21%
Winner
FPX
+23.72%
5Y(CAGR)
IPO
-3.84%
Winner
FPX
+7.83%
10Y(CAGR)
IPO
+10.09%
Winner
FPX
+13.79%
Max(CAGR)
IPO
+7.99%
Winner
FPX
+12.74%
IPO vs FPX - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | IPO | FPX |
|---|---|---|
| 2026 | +9.58% | +10.99% |
| 2025 | +3.34% | +35.67% |
| 2024 | +20.50% | +28.64% |
| 2023 | +55.06% | +23.84% |
| 2022 | -56.71% | -34.67% |
| 2021 | -9.24% | +5.27% |
| 2020 | +104.07% | +46.85% |
| 2019 | +33.94% | +30.60% |
| 2018 | -17.82% | -8.91% |
| 2017 | +36.17% | +26.26% |
| 2016 | +2.36% | +8.74% |
| 2015 | -7.95% | +1.98% |
| 2014 | +7.41% | +12.63% |
| 2013 | +7.55% | +44.45% |
| 2012 | N/A | +29.08% |
| 2011 | N/A | +1.87% |
| 2010 | N/A | +16.58% |
| 2009 | N/A | +42.26% |
| 2008 | N/A | -42.62% |
| 2007 | N/A | +14.86% |
| 2006 | N/A | +17.97% |
IPO vs FPX 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 FPX was -56.29%, occurring on Nov 20, 2008. Recovery took 789 trading sessions.
The current IPO drawdown is -31.80%. The current FPX drawdown is -11.18%.
| Rank | IPO | FPX |
|---|---|---|
| #1 | -68.76% Feb 12, 2021 - Dec 28, 2022 | -56.29% Dec 26, 2007 - Feb 11, 2011 |
| #2 | -38.47% Feb 19, 2020 - May 20, 2020 | -43.14% Nov 9, 2021 - Feb 5, 2025 |
| #3 | -36.73% Apr 16, 2015 - May 15, 2017 | -36.97% Feb 19, 2020 - Jul 8, 2020 |
| #4 | -31.34% Jun 18, 2018 - May 3, 2019 | -30.88% Feb 18, 2025 - Jun 26, 2025 |
| #5 | -17.59% Jul 26, 2019 - Jan 16, 2020 | -24.12% Jul 20, 2015 - Feb 3, 2017 |
| #6 | -13.19% Mar 5, 2014 - Sep 8, 2014 | -23.55% Aug 29, 2018 - Apr 3, 2019 |
| #7 | -11.58% Oct 13, 2020 - Nov 20, 2020 | -22.63% Jul 7, 2011 - Feb 3, 2012 |
| #8 | -10.96% Sep 11, 2014 - Nov 12, 2014 | -18.69% Feb 12, 2021 - Nov 9, 2021 |
| #9 | -10.76% Sep 1, 2020 - Sep 29, 2020 | -14.36% Jul 13, 2007 - Dec 26, 2007 |
| #10 | -9.40% Dec 22, 2020 - Jan 21, 2021 | -12.28% Oct 29, 2025 - Dec 10, 2025 |
| #11 | -8.14% Aug 5, 2020 - Aug 26, 2020 | -12.07% Dec 11, 2025 - Apr 13, 2026 |
| #12 | -7.39% May 3, 2019 - Jun 18, 2019 | -12.04% Apr 2, 2012 - Sep 13, 2012 |
| #13 | -7.03% Jan 23, 2018 - Mar 6, 2018 | -11.18% Jun 30, 2026 - Jul 24, 2026 |
| #14 | -6.78% Nov 24, 2014 - Feb 11, 2015 | -10.85% Sep 11, 2014 - Nov 21, 2014 |
| #15 | -6.75% Jul 9, 2020 - Aug 3, 2020 | -10.23% Jan 26, 2018 - Jun 18, 2018 |
Correlation
Correlation between IPO and FPX is 0.83 which considered as a strong positive correlation - the stocks tend to move together.
0.83
-101
Dividend Comparison (2007 - 2026)
IPO vs FPX dividend yield comparison.
| Year | IPO | FPX |
|---|---|---|
| 2026 | 0.12% | 0.05% |
| 2025 | 0.66% | 0.53% |
| 2024 | 0.12% | 0.09% |
| 2023 | 0.00% | 0.27% |
| 2022 | 0.00% | 1.08% |
| 2021 | 0.00% | 0.14% |
| 2020 | 0.10% | 0.28% |
| 2019 | 0.26% | 0.67% |
| 2018 | 0.49% | 0.88% |
| 2017 | 0.43% | 0.68% |
| 2016 | 0.40% | 0.77% |
| 2015 | 0.11% | 0.62% |
| 2014 | 2.45% | 0.79% |
| 2013 | 0.07% | 0.51% |
| 2012 | 0.00% | 1.12% |
| 2011 | 0.00% | 1.06% |
| 2010 | 0.00% | 0.95% |
| 2009 | 0.00% | 1.92% |
| 2008 | 0.00% | 1.08% |
| 2007 | 0.00% | 0.25% |
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