- ISIN
- US8863646035
- CUSIP
- 886364603
- Issuer
- Toroso Investments
- Inception Date
- Dec 13, 2019
- Region
- Developed Markets (Broad)
- Category
- Hedge Fund
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $610M
Share Price Chart
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Performance
RPAR Performance Chart
RPAR Risk Parity ETF (RPAR) is up 5.4% since the beginning of the year. RPAR is currently trading at $23 per share. Investors who bought $1,000 worth of RPAR shares 5 years ago would now be looking at an investment worth $1,070.
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Returns By Period
RPAR Risk Parity ETF (RPAR) has returned 5.38% so far this year and 18.19% over the past 12 months.
RPAR Risk Parity ETF
- 1D
- -2.12%
- 1M
- -2.04%
- YTD
- 5.38%
- 6M
- 5.53%
- 1Y
- 18.19%
- 3Y*
- 8.31%
- 5Y*
- 1.36%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- -0.21%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
RPAR Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2019, RPAR's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +8.8%, while the worst month was Sep 2022 at -11.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RPAR closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +4.7%, while the worst single day was Mar 12, 2020 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.73% | 5.45% | -5.97% | 2.36% | 0.59% | -1.44% | 5.38% | ||||||
| 2025 | 2.49% | 2.92% | 0.32% | -1.12% | 0.20% | 3.49% | -0.42% | 2.38% | 4.33% | 2.16% | 0.26% | -0.26% | 17.91% |
| 2024 | -1.93% | -0.43% | 3.40% | -3.61% | 3.40% | 0.56% | 2.95% | 1.53% | 3.67% | -4.17% | 0.72% | -5.46% | 0.06% |
| 2023 | 6.76% | -4.93% | 3.86% | 0.36% | -3.41% | 2.39% | 0.99% | -3.50% | -5.79% | -3.66% | 7.61% | 6.48% | 6.03% |
| 2022 | -3.87% | -0.04% | -1.26% | -8.41% | -1.85% | -6.91% | 6.35% | -4.86% | -10.98% | 1.62% | 8.80% | -2.39% | -22.82% |
| 2021 | -1.22% | -1.83% | -1.41% | 2.86% | 2.97% | 1.78% | 2.38% | 0.24% | -3.24% | 3.68% | 0.12% | 1.24% | 7.56% |
Benchmark Metrics
RPAR Risk Parity ETF has an annualized alpha of -0.33%, beta of 0.35, and R2 of 0.31 versus S&P 500 Index. Calculated based on daily prices since December 16, 2019.
- This ETF participated in 75.48% of S&P 500 Index downside but only 48.36% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.35 may look defensive, but with R2 of 0.31 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.31 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -0.33%
- Beta
- 0.35
- R²
- 0.31
- Upside Capture
- 48.36%
- Downside Capture
- 75.48%
Expense Ratio
RPAR has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
RPAR ranks 50 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) and compare them to S&P 500 Index.
| RPAR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.36 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.69 | -0.56 |
| Martin ratioReturn relative to average drawdown | 6.96 | 12.34 | -5.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
RPAR Risk Parity ETF provided a 2.11% dividend yield over the last twelve months, with an annual payout of $0.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.55 | $0.47 | $0.60 | $0.75 | $0.51 | $0.18 | $0.05 |
Dividend yield | 2.11% | 2.55% | 2.51% | 3.16% | 4.01% | 2.02% | 0.76% | 0.23% |
Monthly Dividends
The table displays the monthly dividend distributions for RPAR Risk Parity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.55 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.47 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.20 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.07 | $0.75 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.32 | $0.51 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the RPAR Risk Parity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the RPAR Risk Parity ETF was 30.16%, occurring on Oct 20, 2022. Recovery took 817 trading sessions.
The current RPAR Risk Parity ETF drawdown is 4.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -30.16%Oct 2022 | 11mo 14d | 3y 3mo | 4y 2moNov 2021 - Jan 2026 |
COVID crash2020 | -19.82%Mar 2020 | 10d | 2mo 23d | 3mo 3dMar 2020 - Jun 2020 |
2026 pullback2026 | -8.10%Mar 2026 | 18d | — | 3mo 8dMar 2026 - now |
2021 pullback2021 | -6.37%Mar 2021 | 1mo 26d | 2mo 15d | 4mo 11dJan 2021 - Jun 2021 |
2020 pullback2020 | -5.82%Oct 2020 | 2mo 24d | 21d | 3mo 15dAug 2020 - Nov 2020 |
Drawdown Indicators
| RPAR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.16% | -56.78% | +26.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.10% | -9.10% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -13.20% | -18.90% | +5.70% |
Max Drawdown (5Y)Largest decline over 5 years | -30.16% | -25.43% | -4.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.58% | -2.97% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -11.60% | -10.72% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 1.97% | +0.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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