Renaissance International IPO ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$13.51
- Net Assets:$0 Million
- NAV:$13.6
- Premium-0.66%
- Peer Rank:321 of 330
- Investment Rating:E-
- Performance:E-
- RiskD+
We rate Renaissance International IPO ETF at E-. Negative factors that influence this rating include a short term portfolio management tenure. The fund may be considered for investors seeking a Non-US Equity strategy.
Total return ranks well below peers over the last three years. The Renaissance International IPO ETF has returned an annual rate of -3.19% since inception. More recently, the fund has generated a total return of -7.49% in the last five years, -27.13% in the last three years, and -19.53% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 5% of them. It has also outpaced 2% of its competitors on a three year basis and 3% of them over the last year for the period ending 2/29/2024. On a year to date basis, IPOS has returned -2.85%.
Downside risk has been above average. IPOS has a draw down risk of -65.53%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 27.0%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. As IPOS is an exchange traded fund, it has no front end or back end load.
The Renaissance International IPO ETF is managed by Tiffany Ng at Renaissance Capital LLC. This fund is one of 2 Renaissance Capital LLC exchange-traded funds launched since 10/14/2013 that we track.