IPO vs IVV
Renaissance IPO ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IPO | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $173M | $907.0B | |
| Dividend Yield | 0.45% | 1.10% | |
| Holdings | 48 | 508 | |
| YTD Return | +21.38% | +14.29% | |
| 1Y Return | +14.68% | +21.79% | |
| 3Y Return (annualized) | +21.49% | +22.19% | |
| 5Y Return (annualized) | -1.91% | +13.28% | |
| Volatility (annualized) | 26.3% | 15.1% | |
| Max Drawdown | -68.8% | -56.5% | |
| Fund Family | Renaissance Capital | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Oct 16, 2013 | May 15, 2000 |
IPO vs IVV Performance
Renaissance IPO ETF (IPO) is a ETF from Renaissance Capital and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year IPO returned +14.68% while IVV returned +21.79%. Year to date, IPO is up 21.38% versus a gain of 14.29% for IVV.
Over three years, IPO compounded at +21.49% per year against +22.19% for IVV; over five years the annualized figures are -1.91% and +13.28% respectively. Across the full 13-year window we track, IPO has the edge at +8.46% annualized vs +7.06%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IPO has been the more volatile fund, with annualized monthly volatility of 26.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -68.8% for IPO and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IPO charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, IPO currently yields 0.45% against 1.10% for IVV.
Holdings Overlap
IPO and IVV share 1 holdings out of 556 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in IPO | Weight in IVV | Difference |
|---|---|---|---|
| RTX | 2.16% | 0.40% | 1.76% |
Frequently Asked Questions
Which is cheaper, IPO or IVV?
IPO has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IPO or IVV?
Over the past year IPO returned +14.68% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IPO annualized +8.46% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, IPO or IVV?
IPO has been the more volatile fund at 26.3% annualized versus 15.1% for IVV. Worst drawdown: IPO -68.8% vs IVV -56.5%.
Should I hold both IPO and IVV?
IPO and IVV have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IPO and IVV?
IPO and IVV share 1 common holdings with a 0.4% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, IPO or IVV?
IPO yields 0.45% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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