IPO vs VOO
Renaissance IPO ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | IPO | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $173M | $997.4B | |
| Dividend Yield | 0.45% | 1.08% | |
| Holdings | 48 | 509 | |
| YTD Return | +21.38% | +14.27% | |
| 1Y Return | +14.68% | +21.79% | |
| 3Y Return (annualized) | +21.49% | +22.19% | |
| 5Y Return (annualized) | -1.91% | +13.28% | |
| Volatility (annualized) | 26.3% | 14.2% | |
| Max Drawdown | -68.8% | -34.3% | |
| Fund Family | Renaissance Capital | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 16, 2013 | Sep 7, 2010 |
IPO vs VOO Performance
Renaissance IPO ETF (IPO) is a ETF from Renaissance Capital and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year IPO returned +14.68% while VOO returned +21.79%. Year to date, IPO is up 21.38% versus a gain of 14.27% for VOO.
Over three years, IPO compounded at +21.49% per year against +22.19% for VOO; over five years the annualized figures are -1.91% and +13.28% respectively. Across the full 13-year window we track, VOO has the edge at +13.59% annualized vs +8.46%. 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 14.2% for VOO. 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 -34.3% for VOO. 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 VOO 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 1.08% for VOO.
Holdings Overlap
IPO and VOO 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 VOO | Difference |
|---|---|---|---|
| RTX | 2.16% | 0.40% | 1.76% |
Frequently Asked Questions
Which is cheaper, IPO or VOO?
IPO has an expense ratio of 0.60% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IPO or VOO?
Over the past year IPO returned +14.68% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (13 years), IPO annualized +8.46% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, IPO or VOO?
IPO has been the more volatile fund at 26.3% annualized versus 14.2% for VOO. Worst drawdown: IPO -68.8% vs VOO -34.3%.
Should I hold both IPO and VOO?
IPO and VOO 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 VOO?
IPO and VOO share 1 common holdings with a 0.4% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, IPO or VOO?
IPO yields 0.45% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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