NACP vs. QARP

Last updated Aug 5, 2026

NACP (Impact Shares NAACP Minority Empowerment ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both exchange-traded funds - NACP is a Large Cap Growth Equities fund tracking the Morningstar Minority Empowerment Index, while QARP is a Quality Factor fund tracking the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, NACP returned 14.99%/yr vs 12.12%/yr for QARP. Their correlation of 0.86 means they have usually moved in the same direction. NACP charges 0.49%/yr vs 0.19%/yr for QARP.

Performance

NACP vs. QARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Impact Shares NAACP Minority Empowerment ETF (NACP) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NACP achieves a 23.11% return, which is significantly higher than QARP's 15.30% return.

NACP

• 1D: 1.91%
• 1M: 1.87%
• 6M: 17.57%
• YTD: 23.11%
• 1Y: 39.51%
• 3Y*: 25.34%
• 5Y*: 14.99%
• 10Y*: —
• ALL TIME*: 17.03%

QARP

• 1D: 1.03%
• 1M: 3.67%
• 6M: 10.06%
• YTD: 15.30%
• 1Y: 26.81%
• 3Y*: 18.24%
• 5Y*: 12.12%
• 10Y*: —
• ALL TIME*: 14.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
NACP Impact Shares NAACP Minority Empowerment ETF	$185.97K	$133.29K	$157.63K
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	$112.54K	$118.75K	$179.32K

NACP vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NACP Impact Shares NAACP Minority Empowerment ETF	23.11%	21.38%	23.93%	29.69%	-23.05%	27.62%	26.00%	30.74%	-8.79%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	15.30%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-10.80%

Correlation

The correlation between NACP and QARP is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.78
Correlation (3Y) Balances recent behavior with more history.	0.84
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (All Time) Calculated using the full available price history since Jul 19, 2018	0.86

The correlation between NACP and QARP shifts across timeframes, from 0.78 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

NACP vs. QARP - Sectors Allocation Comparison

Sectors	NACP	QARP
Technology	39.9%	24.1%
Consumer Cyclical	11.3%	9.4%
Financial Services	10.0%	12.4%
Communication Services	8.8%	10.5%
Healthcare	8.8%	14.0%
Industrials	8.5%	7.9%
Energy	4.1%	6.3%
Utilities	3.1%	1.9%
Consumer Defensive	3.0%	9.5%
Basic Materials	1.3%	2.5%
Real Estate	1.2%	1.0%

Return for Risk

NACP vs. QARP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NACP

NACP Risk / Return Rank: 89
NACP Sharpe Ratio Rank: 90
NACP Sortino Ratio Rank: 87
NACP Omega Ratio Rank: 86
NACP Calmar Ratio Rank: 90
NACP Martin Ratio Rank: 90

QARP

QARP Risk / Return Rank: 90
QARP Sharpe Ratio Rank: 91
QARP Sortino Ratio Rank: 91
QARP Omega Ratio Rank: 90
QARP Calmar Ratio Rank: 86
QARP Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

NACP vs. QARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Impact Shares NAACP Minority Empowerment ETF (NACP) and Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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.

	NACP	QARP	Difference
Sharpe ratio: Return per unit of total volatility	2.44	2.53	-0.09
Sortino ratio: Return per unit of downside risk	3.24	3.55	-0.31
Omega ratio: Gain probability vs. loss probability	1.41	1.46	-0.05
Calmar ratio: Return relative to maximum drawdown	4.11	3.71	+0.41
Martin ratio: Return relative to average drawdown	15.83	16.59	-0.77

NACP vs. QARP - Sharpe Ratio Comparison

The current NACP Sharpe Ratio is 2.44, which is comparable to the QARP Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of NACP and QARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NACP vs. QARP - Drawdown Comparison

The maximum NACP drawdown since its inception was -30.96%, smaller than the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for NACP and QARP.

Drawdown Indicators

	NACP	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-35.44%	+4.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	-7.26%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-19.66%	-15.65%	-4.01%
Max Drawdown (5Y) Largest decline over 5 years	-27.89%	-22.75%	-5.14%
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-5.68%	-4.37%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	1.62%	+0.88%

Volatility

NACP vs. QARP - Volatility Comparison

Impact Shares NAACP Minority Empowerment ETF (NACP) has a higher volatility of 5.92% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.79%. This indicates that NACP's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NACP	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.92%	2.79%	+3.13%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	8.20%	+5.40%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	10.70%	+5.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	15.53%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	19.51%	-0.72%

NACP vs. QARP - Expense Ratio Comparison

NACP has a 0.49% expense ratio, which is higher than QARP's 0.19% expense ratio.

Dividends

NACP vs. QARP - Dividend Comparison

NACP's dividend yield for the trailing twelve months is around 0.55%, less than QARP's 1.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NACP Impact Shares NAACP Minority Empowerment ETF	0.55%	0.62%	2.96%	1.28%	3.48%	3.06%	1.48%	1.22%	0.71%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.00%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%

Frequently Asked Questions

Can I hold both NACP and QARP in my portfolio?

NACP and QARP have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NACP or QARP?

NACP has higher volatility (5.92%) compared to QARP (2.79%). In terms of maximum drawdown, NACP dropped -30.96% vs QARP's -35.44%.

Which ETF is better, NACP or QARP?

On 5-year performance, NACP leads with 14.99% vs 12.12% for QARP. On fees, QARP is cheaper at 0.19% per year. On volatility, QARP has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NACP or QARP?

Over the 5-year period, NACP has performed better with a 14.99% return vs 12.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NACP or QARP?

QARP is cheaper with a 0.19% expense ratio, compared with 0.49% for NACP.

Which ETF pays a higher dividend yield, NACP or QARP?

QARP has the higher dividend yield at 1.00%, compared with 0.55% for NACP.

What is the main difference between NACP and QARP?

NACP is categorized as Large Cap Growth Equities, while QARP is Quality Factor. NACP tracks Morningstar Minority Empowerment Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: Impact Shares and Deutsche Bank. Their fees differ too: 0.49% for NACP and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.53 vs 2.44), 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.