ABRYX vs. RPAR
Compare and contrast key facts about Invesco Balanced-Risk Allocation Fund (ABRYX) and RPAR Risk Parity ETF (RPAR).
ABRYX is managed by Invesco. It was launched on Jun 1, 2009. RPAR is an actively managed fund by Toroso Investments. It was launched on Dec 13, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABRYX or RPAR.
Key characteristics
| ABRYX | RPAR | |
|---|---|---|
| YTD Return | 6.61% | 5.77% |
| 1Y Return | 9.11% | 9.99% |
| 3Y Return (Ann) | -1.13% | -4.18% |
| Sharpe Ratio | 1.08 | 0.82 |
| Daily Std Dev | 8.47% | 12.27% |
| Max Drawdown | -26.63% | -30.16% |
| Current Drawdown | -4.64% | -14.89% |
Correlation
The correlation between ABRYX and RPAR is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABRYX vs. RPAR - Performance Comparison
In the year-to-date period, ABRYX achieves a 6.61% return, which is significantly higher than RPAR's 5.77% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ABRYX vs. RPAR - Expense Ratio Comparison
ABRYX has a 1.06% expense ratio, which is higher than RPAR's 0.51% expense ratio.
Risk-Adjusted Performance
ABRYX vs. RPAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Balanced-Risk Allocation Fund (ABRYX) and RPAR Risk Parity ETF (RPAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ABRYX vs. RPAR - Dividend Comparison
ABRYX's dividend yield for the trailing twelve months is around 2.27%, less than RPAR's 3.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABRYX Invesco Balanced-Risk Allocation Fund | 2.27% | 2.43% | 0.00% | 25.72% | 1.40% | 11.36% | 0.00% | 6.34% | 8.51% | 7.17% | 8.06% | 7.69% |
RPAR RPAR Risk Parity ETF | 3.00% | 3.16% | 4.01% | 2.02% | 0.76% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ABRYX vs. RPAR - Drawdown Comparison
The maximum ABRYX drawdown since its inception was -26.63%, smaller than the maximum RPAR drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for ABRYX and RPAR. For additional features, visit the drawdowns tool.
Volatility
ABRYX vs. RPAR - Volatility Comparison
Invesco Balanced-Risk Allocation Fund (ABRYX) has a higher volatility of 3.43% compared to RPAR Risk Parity ETF (RPAR) at 2.73%. This indicates that ABRYX's price experiences larger fluctuations and is considered to be riskier than RPAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.