IPO vs SPY
Comparison between RENAISSANCE IPO ETF (IPO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed IPO, delivering a return of +13.3% compared to -2.5%
IPO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IPO
$138M
Winner
SPY
$735B
Expense Ratio
IPO
0.60%
Winner
SPY
0.09%
Max Drawdown
IPO
68.76%
Winner
SPY
56.47%
Sharpe Ratio
IPO
0.74
Winner
SPY
1.62
5Y Beta
IPO
1.49
Winner
SPY
1.00
P/E Ratio
IPO
184.80
Winner
SPY
28.99
Forward P/E
IPO
39.85
Winner
SPY
22.37
PEG Ratio
IPO
0.49
SPY
N/A
5Y Dividends CAGR
Winner
IPO
38.29%
SPY
5.43%
5Y EPS CAGR
IPO
N/A
SPY
26.05%
Debt to Equity
IPO
N/A
SPY
32.40%
P/S Ratio
IPO
4.86
Winner
SPY
3.74
P/B Ratio
IPO
6.71
Winner
SPY
5.61
IPO vs SPY - Holdings Comparison
IPO and SPY have 2 common holdings. Overlap is 0.05%
IPO's top 25 holdings weight is 91.37%. SPY's top 25 holdings weight is 52.37%.
| Rank | IPO | SPY |
|---|---|---|
| #1 | ASTERA LABS INC (ALAB) - 12.57% | NVIDIA CORP (NVDA) - 8.10% |
| #2 | ARM HOLDINGS PLC ADR (ARM) - 12.40% | APPLE INC (AAPL) - 7.02% |
| #3 | COREWEAVE INC ORDINARY SHARES CLASS A (CRWV) - 9.81% | MICROSOFT CORP (MSFT) - 4.79% |
| #4 | KENVUE INC (KVUE) - 7.90% | AMAZON.COM INC (AMZN) - 4.02% |
| #5 | REDDIT INC CLASS A SHARES (RDDT) - 5.76% | ALPHABET INC CLASS A (GOOGL) - 3.51% |
| #6 | VIKING HOLDINGS LTD (VIK) - 4.56% | BROADCOM INC (AVGO) - 3.10% |
| #7 | CIRCLE INTERNET GROUP INC ORDINARY SHARES CLASS A (CRCL) - 3.57% | ALPHABET INC CLASS C (GOOG) - 2.79% |
| #8 | MEDLINE INC ORDINARY SHARES CLASS A (MDLN) - 3.55% | META PLATFORMS INC CLASS A (META) - 2.08% |
| #9 | RUBRIK INC CLASS A SHARES (RBRK) - 3.04% | TESLA INC (TSLA) - 1.89% |
| #10 | AMERICAN HEALTHCARE REIT INC ORDINARY SHARES (AHR) - 2.78% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | KASPI.KZ JSC ADS (KSPI) - 2.58% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #12 | CAVA GROUP INC (CAVA) - 2.50% | ELI LILLY AND CO (LLY) - 1.31% |
| #13 | UL SOLUTIONS INC CLASS A COMMON STOCK (ULS) - 2.41% | JPMORGAN CHASE & CO (JPM) - 1.28% |
| #14 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 2.40% | ADVANCED MICRO DEVICES INC (AMD) - 1.27% |
| #15 | MAPLEBEAR INC (CART) - 2.17% | EXXON MOBIL CORP (XOM) - 0.97% |
| #16 | STANDARDAERO INC (SARO) - 1.93% | INTEL CORP (INTC) - 0.90% |
| #17 | AMER SPORTS INC (AS) - 1.71% | JOHNSON & JOHNSON (JNJ) - 0.86% |
| #18 | TEMPUS AI INC CLASS A COMMON STOCK (TEM) - 1.44% | VISA INC CLASS A (V) - 0.85% |
| #19 | LEGENCE CORP ORDINARY SHARES CLASS A (LGN) - 1.37% | WALMART INC (WMT) - 0.81% |
| #20 | SERVICETITAN INC CLASS A ORDINARY SHARES (TTAN) - 1.29% | CISCO SYSTEMS INC (CSCO) - 0.72% |
| #21 | ATMUS FILTRATION TECHNOLOGIES INC (ATMU) - 1.27% | COSTCO WHOLESALE CORP (COST) - 0.69% |
| #22 | FORGENT POWER SOLUTIONS INC ORDINARY SHARES CLASS A (FPS) - 1.25% | CATERPILLAR INC (CAT) - 0.66% |
| #23 | FIGMA INC CLASS A (FIG) - 1.23% | MASTERCARD INC CLASS A (MA) - 0.62% |
| #24 | KARMAN HOLDINGS INC (KRMN) - 0.96% | LAM RESEARCH CORP (LRCX) - 0.62% |
| #25 | LINEAGE INC REIT (LINE) - 0.92% | ABBVIE INC (ABBV) - 0.58% |
| Total Holdings | 49 | 505 |
IPO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IPO
+4.53%
SPY
+1.90%
3M
Winner
IPO
+24.03%
SPY
+8.55%
6M
Winner
IPO
+12.56%
SPY
+8.18%
1Y
IPO
+24.72%
Winner
SPY
+25.79%
5Y(CAGR)
IPO
-2.47%
Winner
SPY
+13.32%
10Y(CAGR)
IPO
+10.47%
Winner
SPY
+15.19%
Max(CAGR)
IPO
+8.41%
Winner
SPY
+8.47%
IPO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | IPO | SPY |
|---|---|---|
| 2026 | +13.93% | +8.26% |
| 2025 | +3.34% | +18.00% |
| 2024 | +20.50% | +25.59% |
| 2023 | +55.06% | +26.72% |
| 2022 | -56.71% | -18.64% |
| 2021 | -9.24% | +30.52% |
| 2020 | +104.07% | +17.28% |
| 2019 | +33.94% | +31.09% |
| 2018 | -17.82% | -5.24% |
| 2017 | +36.17% | +20.78% |
| 2016 | +2.36% | +13.59% |
| 2015 | -7.95% | +1.31% |
| 2014 | +7.41% | +14.56% |
| 2013 | +7.55% | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
IPO vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current IPO drawdown is -29.10%. The current SPY drawdown is -2.90%.
| Rank | IPO | SPY |
|---|---|---|
| #1 | -68.76% Feb 12, 2021 - Dec 28, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -38.47% Feb 19, 2020 - May 20, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.73% Apr 16, 2015 - May 15, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -31.34% Jun 18, 2018 - May 3, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -17.59% Jul 26, 2019 - Jan 16, 2020 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -13.19% Mar 5, 2014 - Sep 8, 2014 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -11.58% Oct 13, 2020 - Nov 20, 2020 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -10.96% Sep 11, 2014 - Nov 12, 2014 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -10.76% Sep 1, 2020 - Sep 29, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -9.40% Dec 22, 2020 - Jan 21, 2021 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -8.14% Aug 5, 2020 - Aug 26, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.39% May 3, 2019 - Jun 18, 2019 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -7.03% Jan 23, 2018 - Mar 6, 2018 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.78% Nov 24, 2014 - Feb 11, 2015 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.75% Jul 9, 2020 - Aug 3, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between IPO and SPY is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.68
-101
Dividend Comparison (1999 - 2026)
IPO vs SPY dividend yield comparison.
| Year | IPO | SPY |
|---|---|---|
| 2026 | 0.06% | 0.24% |
| 2025 | 0.66% | 1.07% |
| 2024 | 0.12% | 1.21% |
| 2023 | 0.00% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.10% | 1.52% |
| 2019 | 0.26% | 1.75% |
| 2018 | 0.49% | 2.04% |
| 2017 | 0.43% | 1.80% |
| 2016 | 0.40% | 2.03% |
| 2015 | 0.11% | 2.06% |
| 2014 | 2.45% | 1.87% |
| 2013 | 0.07% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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