IPO vs QLV
Comparison between RENAISSANCE IPO ETF (IPO, ETF) and FLEXSHARES US QUALITY LOW VOLATILITY INDEX FUND (QLV, ETF).
5-Year PerformanceQLV has outperformed IPO, delivering a return of +10.4% compared to -2.4%
IPO vs QLV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IPO
$161M
Winner
QLV
$161M
Expense Ratio
IPO
0.60%
Winner
QLV
0.08%
Max Drawdown
IPO
68.76%
Winner
QLV
33.95%
Sharpe Ratio
IPO
0.84
Winner
QLV
1.26
5Y Beta
IPO
1.49
Winner
QLV
0.58
P/E Ratio
IPO
393.44
Winner
QLV
23.16
Forward P/E
IPO
40.51
Winner
QLV
19.53
PEG Ratio
IPO
0.50
Winner
QLV
0.46
5Y Dividends CAGR
IPO
N/A
QLV
15.25%
5Y EPS CAGR
IPO
N/A
QLV
22.49%
Debt to Equity
IPO
N/A
QLV
-7.95%
P/S Ratio
IPO
4.95
Winner
QLV
3.20
P/B Ratio
IPO
6.62
Winner
QLV
4.67
IPO vs QLV - Holdings Comparison
IPO and QLV have 1 common holdings. Overlap is 0.00%
IPO's top 25 holdings weight is 91.62%. QLV's top 25 holdings weight is 54.08%.
| Rank | IPO | QLV |
|---|---|---|
| #1 | ARM HOLDINGS PLC ADR (ARM) - 14.59% | NVIDIA CORP (NVDA) - 6.56% |
| #2 | ASTERA LABS INC (ALAB) - 11.67% | APPLE INC (AAPL) - 5.83% |
| #3 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 10.69% | MICROSOFT CORP (MSFT) - 5.58% |
| #4 | KENVUE INC (KVUE) - 7.24% | JOHNSON & JOHNSON (JNJ) - 3.86% |
| #5 | REDDIT INC CLASS A SHARES (RDDT) - 6.55% | EXXON MOBIL CORP (XOM) - 2.35% |
| #6 | VIKING HOLDINGS LTD (VIK) - 4.42% | BROADCOM INC (AVGO) - 2.23% |
| #7 | RUBRIK INC CLASS A SHARES (RBRK) - 3.50% | ABBVIE INC (ABBV) - 2.17% |
| #8 | CIRCLE INTERNET GROUP INC ORDINARY SHARES CLASS A (CRCL) - 3.33% | ALPHABET INC CLASS A (GOOGL) - 2.09% |
| #9 | MEDLINE INC ORDINARY SHARES CLASS A (MDLN) - 3.24% | VISA INC CLASS A (V) - 1.91% |
| #10 | AMERICAN HEALTHCARE REIT INC ORDINARY SHARES (AHR) - 2.38% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.81% |
| #11 | KASPI.KZ JSC ADS (KSPI) - 2.32% | INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 1.73% |
| #12 | UL SOLUTIONS INC CLASS A COMMON STOCK (ULS) - 2.21% | ALPHABET INC CLASS C (GOOG) - 1.60% |
| #13 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 2.20% | ANALOG DEVICES INC (ADI) - 1.55% |
| #14 | CAVA GROUP INC (CAVA) - 2.14% | COSTCO WHOLESALE CORP (COST) - 1.52% |
| #15 | MAPLEBEAR INC (CART) - 2.09% | ELI LILLY AND CO (LLY) - 1.48% |
| #16 | STANDARDAERO INC (SARO) - 1.80% | COCA-COLA CO (KO) - 1.42% |
| #17 | AMER SPORTS INC (AS) - 1.54% | MCDONALD'S CORP (MCD) - 1.40% |
| #18 | TEMPUS AI INC CLASS A COMMON STOCK (TEM) - 1.50% | PEPSICO INC (PEP) - 1.40% |
| #19 | SERVICETITAN INC CLASS A ORDINARY SHARES (TTAN) - 1.48% | MASTERCARD INC CLASS A (MA) - 1.37% |
| #20 | FIGMA INC CLASS A (FIG) - 1.40% | PROCTER & GAMBLE CO (PG) - 1.36% |
| #21 | FORGENT POWER SOLUTIONS INC ORDINARY SHARES CLASS A (FPS) - 1.31% | MERCK & CO INC (MRK) - 1.21% |
| #22 | LEGENCE CORP ORDINARY SHARES CLASS A (LGN) - 1.26% | TJX COMPANIES INC (TJX) - 1.00% |
| #23 | ATMUS FILTRATION TECHNOLOGIES INC (ATMU) - 1.07% | META PLATFORMS INC CLASS A (META) - 0.92% |
| #24 | LINEAGE INC REIT (LINE) - 0.90% | PALO ALTO NETWORKS INC (PANW) - 0.87% |
| #25 | KARMAN HOLDINGS INC (KRMN) - 0.79% | SOUTHERN CO (SO) - 0.86% |
| Total Holdings | 49 | 120 |
IPO vs QLV - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IPO
+14.29%
QLV
+0.71%
3M
Winner
IPO
+31.40%
QLV
+3.39%
6M
Winner
IPO
+19.63%
QLV
+5.39%
1Y
Winner
IPO
+27.35%
QLV
+13.17%
5Y(CAGR)
IPO
-2.43%
Winner
QLV
+10.39%
10Y(CAGR)
IPO
+11.39%
QLV
N/A
Max(CAGR)
IPO
+8.74%
Winner
QLV
+11.34%
IPO vs QLV - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | IPO | QLV |
|---|---|---|
| 2026 | +18.65% | +5.81% |
| 2025 | +3.34% | +12.42% |
| 2024 | +20.50% | +17.93% |
| 2023 | +55.06% | +13.92% |
| 2022 | -56.71% | -9.42% |
| 2021 | -9.24% | +27.81% |
| 2020 | +104.07% | +9.13% |
| 2019 | +33.94% | +6.23% |
| 2018 | -17.82% | N/A |
| 2017 | +36.17% | N/A |
| 2016 | +2.36% | N/A |
| 2015 | -7.95% | N/A |
| 2014 | +7.41% | N/A |
| 2013 | +7.55% | N/A |
IPO vs QLV 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 QLV was -33.70%, occurring on Mar 23, 2020. Recovery took 137 trading sessions.
The current IPO drawdown is -26.16%. The current QLV drawdown is -0.94%.
| Rank | IPO | QLV |
|---|---|---|
| #1 | -68.76% Feb 12, 2021 - Dec 28, 2022 | -33.70% Feb 19, 2020 - Sep 2, 2020 |
| #2 | -38.47% Feb 19, 2020 - May 20, 2020 | -17.94% Dec 29, 2021 - Dec 12, 2023 |
| #3 | -36.73% Apr 16, 2015 - May 15, 2017 | -12.05% Dec 5, 2024 - Jun 10, 2025 |
| #4 | -31.34% Jun 18, 2018 - May 3, 2019 | -8.50% Sep 2, 2020 - Nov 16, 2020 |
| #5 | -17.59% Jul 26, 2019 - Jan 16, 2020 | -6.88% Sep 3, 2021 - Oct 26, 2021 |
| #6 | -13.19% Mar 5, 2014 - Sep 8, 2014 | -6.19% Mar 2, 2026 - May 12, 2026 |
| #7 | -11.58% Oct 13, 2020 - Nov 20, 2020 | -5.37% Jan 25, 2021 - Mar 26, 2021 |
| #8 | -10.96% Sep 11, 2014 - Nov 12, 2014 | -4.72% Jul 16, 2024 - Aug 16, 2024 |
| #9 | -10.76% Sep 1, 2020 - Sep 29, 2020 | -4.46% Mar 28, 2024 - May 15, 2024 |
| #10 | -9.40% Dec 22, 2020 - Jan 21, 2021 | -4.20% Jul 29, 2019 - Sep 4, 2019 |
| #11 | -8.14% Aug 5, 2020 - Aug 26, 2020 | -3.57% Nov 19, 2021 - Dec 10, 2021 |
| #12 | -7.39% May 3, 2019 - Jun 18, 2019 | -3.23% May 7, 2021 - Jun 10, 2021 |
| #13 | -7.03% Jan 23, 2018 - Mar 6, 2018 | -3.17% Oct 18, 2024 - Nov 8, 2024 |
| #14 | -6.78% Nov 24, 2014 - Feb 11, 2015 | -2.82% Sep 6, 2019 - Nov 1, 2019 |
| #15 | -6.75% Jul 9, 2020 - Aug 3, 2020 | -2.64% Nov 8, 2024 - Nov 26, 2024 |
Correlation
Correlation between IPO and QLV is 0.17 which considered as a very weak or no correlation - the stocks move independently of each other.
0.17
-101
Dividend Comparison (2013 - 2026)
IPO vs QLV dividend yield comparison.
| Year | IPO | QLV |
|---|---|---|
| 2026 | 0.11% | 0.30% |
| 2025 | 0.66% | 1.60% |
| 2024 | 0.12% | 1.66% |
| 2023 | 0.00% | 1.60% |
| 2022 | 0.00% | 1.74% |
| 2021 | 0.00% | 0.96% |
| 2020 | 0.10% | 1.24% |
| 2019 | 0.26% | 0.58% |
| 2018 | 0.49% | 0.00% |
| 2017 | 0.43% | 0.00% |
| 2016 | 0.40% | 0.00% |
| 2015 | 0.11% | 0.00% |
| 2014 | 2.45% | 0.00% |
| 2013 | 0.07% | 0.00% |
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