AOM vs. RPAR
Compare and contrast key facts about iShares Core Moderate Allocation ETF (AOM) and RPAR Risk Parity ETF (RPAR).
AOM and RPAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOM is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Moderate. It was launched on Nov 4, 2008. 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: AOM or RPAR.
Key characteristics
| AOM | RPAR | |
|---|---|---|
| YTD Return | 9.42% | 7.04% |
| 1Y Return | 18.49% | 19.18% |
| 3Y Return (Ann) | 2.11% | -3.75% |
| Sharpe Ratio | 2.79 | 1.63 |
| Sortino Ratio | 4.16 | 2.40 |
| Omega Ratio | 1.53 | 1.29 |
| Calmar Ratio | 1.34 | 0.63 |
| Martin Ratio | 18.75 | 8.60 |
| Ulcer Index | 0.99% | 2.18% |
| Daily Std Dev | 6.67% | 11.44% |
| Max Drawdown | -19.96% | -30.16% |
| Current Drawdown | -0.69% | -13.86% |
Correlation
The correlation between AOM and RPAR is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
AOM vs. RPAR - Performance Comparison
In the year-to-date period, AOM achieves a 9.42% return, which is significantly higher than RPAR's 7.04% 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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AOM vs. RPAR - Expense Ratio Comparison
AOM has a 0.25% expense ratio, which is lower than RPAR's 0.51% expense ratio.
Risk-Adjusted Performance
AOM vs. RPAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Moderate Allocation ETF (AOM) 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
AOM vs. RPAR - Dividend Comparison
AOM's dividend yield for the trailing twelve months is around 2.84%, more than RPAR's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 2.84% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% | 2.08% | 1.87% |
RPAR RPAR Risk Parity ETF | 2.71% | 3.16% | 4.01% | 2.02% | 0.76% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AOM vs. RPAR - Drawdown Comparison
The maximum AOM drawdown since its inception was -19.96%, smaller than the maximum RPAR drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for AOM and RPAR. For additional features, visit the drawdowns tool.
Volatility
AOM vs. RPAR - Volatility Comparison
The current volatility for iShares Core Moderate Allocation ETF (AOM) is 1.46%, while RPAR Risk Parity ETF (RPAR) has a volatility of 2.45%. This indicates that AOM experiences smaller price fluctuations and is considered to be less risky than RPAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.