AOM vs. RPAR
AOM (iShares Core Moderate Allocation ETF) and RPAR (RPAR Risk Parity ETF) are both exchange-traded funds - AOM is a Diversified Portfolio fund tracking the S&P Target Risk Moderate, while RPAR is a Global Allocation fund actively managed by Toroso Investments. AOM is passively managed, while RPAR is actively managed. Over the past 5 years, AOM returned 4.40%/yr vs 0.20%/yr for RPAR. Their 0.76 correlation means they have sometimes moved together and sometimes differently. AOM charges 0.25%/yr vs 0.51%/yr for RPAR.
Performance
AOM vs. RPAR - Performance Comparison
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Returns By Period
In the year-to-date period, AOM achieves a 4.36% return, which is significantly higher than RPAR's 2.65% return.
AOM
- 1D
- 0.00%
- 1M
- -0.55%
- 6M
- 2.85%
- YTD
- 4.36%
- 1Y
- 10.81%
- 3Y*
- 9.93%
- 5Y*
- 4.40%
- 10Y*
- 5.98%
- ALL TIME*
- 7.02%
RPAR
- 1D
- -0.55%
- 1M
- -1.99%
- 6M
- -1.98%
- YTD
- 2.65%
- 1Y
- 11.54%
- 3Y*
- 7.20%
- 5Y*
- 0.20%
- 10Y*
- —
- ALL TIME*
- 3.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.08M | $6.99M | $7.49M | |
| $342.76K | $300.17K | $486.62K |
AOM vs. RPAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 4.36% | 13.28% | 7.95% | 12.38% | -14.54% | 6.93% | 10.02% | 0.98% |
RPAR RPAR Risk Parity ETF | 2.65% | 17.91% | 0.06% | 6.03% | -22.82% | 7.56% | 19.40% | 0.13% |
Correlation
The correlation between AOM and RPAR is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019 | 0.76 |
The correlation between AOM and RPAR has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
AOM vs. RPAR — Risk / Return Rank
AOM
RPAR
AOM vs. RPAR - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOM | RPAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.08 | 1.49 | +0.59 |
| Martin ratioReturn relative to average drawdown | 8.68 | 3.68 | +4.99 |
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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.
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Drawdown Indicators
| AOM | RPAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -30.16% | +10.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.11% | -8.10% | +2.99% |
Max Drawdown (3Y)Largest decline over 3 years | -6.54% | -11.26% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | -19.96% | -30.16% | +10.20% |
Max Drawdown (10Y)Largest decline over 10 years | -19.96% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -7.05% | +5.98% |
Average DrawdownAverage peak-to-trough decline | -2.68% | -11.46% | +8.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 3.27% | -2.05% |
Volatility
AOM vs. RPAR - Volatility Comparison
The current volatility for iShares Core Moderate Allocation ETF (AOM) is 2.14%, while RPAR Risk Parity ETF (RPAR) has a volatility of 2.71%. 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.
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Volatility by Period
| AOM | RPAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 2.71% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 5.90% | 8.90% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.06% | 10.56% | -3.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.25% | 12.50% | -4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.95% | 12.65% | -4.70% |
AOM vs. RPAR - Expense Ratio Comparison
AOM has a 0.25% expense ratio, which is lower than RPAR's 0.51% expense ratio.
Dividends
AOM vs. RPAR - Dividend Comparison
AOM's dividend yield for the trailing twelve months is around 3.09%, more than RPAR's 2.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOM iShares Core Moderate Allocation ETF | 3.09% | 2.98% | 3.10% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% |
RPAR RPAR Risk Parity ETF | 2.45% | 2.55% | 2.51% | 3.16% | 4.01% | 2.02% | 0.76% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AOM and RPAR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RPAR has higher volatility (2.71%) compared to AOM (2.14%). In terms of maximum drawdown, AOM dropped -19.96% vs RPAR's -30.16%.
On 5-year performance, AOM leads with 4.40% vs 0.20% for RPAR. On fees, AOM is cheaper at 0.25% per year. On volatility, AOM has been the lower-risk option at 2.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AOM has performed better with a 4.40% return vs 0.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AOM is cheaper with a 0.25% expense ratio, compared with 0.51% for RPAR.
AOM has the higher dividend yield at 3.09%, compared with 2.45% for RPAR.
AOM is categorized as Diversified Portfolio, while RPAR is Global Allocation. They also come from different issuers: iShares and Toroso Investments. Their fees differ too: 0.25% for AOM and 0.51% for RPAR.
AOM currently has the higher Sharpe Ratio (1.50 vs 1.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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