NTSX vs. RPAR

Last updated Jun 4, 2026

NTSX (WisdomTree U.S. Efficient Core Fund) and RPAR (RPAR Risk Parity ETF) are both exchange-traded funds - NTSX is a Diversified Portfolio fund actively managed by WisdomTree, while RPAR is a Hedge Fund fund actively managed by Toroso Investments. Both are actively managed. Over the past 5 years, NTSX returned 9.69%/yr vs 1.76%/yr for RPAR. A 0.61 correlation means they provide meaningful diversification when combined. NTSX charges 0.20%/yr vs 0.51%/yr for RPAR.

Performance

NTSX vs. RPAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Efficient Core Fund (NTSX) and RPAR Risk Parity ETF (RPAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NTSX achieves a 8.62% return, which is significantly higher than RPAR's 7.53% return.

NTSX

• 1D: -1.05%
• 1M: 4.37%
• YTD: 8.62%
• 6M: 7.83%
• 1Y: 25.27%
• 3Y*: 19.38%
• 5Y*: 9.69%
• 10Y*: —

RPAR

• 1D: -0.47%
• 1M: 1.78%
• YTD: 7.53%
• 6M: 7.10%
• 1Y: 21.22%
• 3Y*: 9.22%
• 5Y*: 1.76%
• 10Y*: —

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

NTSX vs. RPAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NTSX WisdomTree U.S. Efficient Core Fund	8.62%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	1.28%
RPAR RPAR Risk Parity ETF	7.53%	17.91%	0.06%	6.03%	-22.82%	7.56%	19.40%	0.11%

Correlation

The correlation between NTSX and RPAR is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019	0.61

The correlation between NTSX and RPAR has been stable across timeframes, ranging from 0.61 to 0.63 - a consistent structural relationship.

NTSX vs. RPAR - Sectors Allocation Comparison

Sectors	NTSX	RPAR
Technology	35.1%	0.1%
Communication Services	12.5%	4.9%
Financial Services	12.3%	35.9%
Consumer Cyclical	10.1%	0.1%
Healthcare	8.4%	5.1%
Industrials	7.7%	2.1%
Consumer Defensive	5.5%	0.3%
Energy	3.5%	5.9%
Utilities	2.1%	0.2%
Real Estate	1.5%	-0.0%
Basic Materials	1.4%	6.4%

Return for Risk

NTSX vs. RPAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NTSX

NTSX Risk / Return Rank: 60
NTSX Sharpe Ratio Rank: 60
NTSX Sortino Ratio Rank: 58
NTSX Omega Ratio Rank: 59
NTSX Calmar Ratio Rank: 55
NTSX Martin Ratio Rank: 66

RPAR

RPAR Risk / Return Rank: 57
RPAR Sharpe Ratio Rank: 61
RPAR Sortino Ratio Rank: 61
RPAR Omega Ratio Rank: 60
RPAR Calmar Ratio Rank: 52
RPAR Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NTSX vs. RPAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Efficient Core Fund (NTSX) 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.

	NTSX	RPAR	Difference
Sharpe ratio Return per unit of total volatility	2.06	2.09	-0.03
Sortino ratio Return per unit of downside risk	2.81	2.90	-0.10
Omega ratio Gain probability vs. loss probability	1.37	1.37	0.00
Calmar ratio Return relative to maximum drawdown	2.77	2.63	+0.14
Martin ratio Return relative to average drawdown	12.25	8.71	+3.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTSX vs. RPAR - Sharpe Ratio Comparison

The current NTSX Sharpe Ratio is 2.06, which is comparable to the RPAR Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of NTSX and RPAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NTSX	RPAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	2.09	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.14	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.36	+0.35

Drawdowns

NTSX vs. RPAR - Drawdown Comparison

The maximum NTSX drawdown since its inception was -31.34%, roughly equal to the maximum RPAR drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for NTSX and RPAR.

Drawdown Indicators

	NTSX	RPAR	Difference
Max Drawdown Largest peak-to-trough decline	-31.34%	-30.16%	-1.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-8.10%	-1.06%
Max Drawdown (3Y) Largest decline over 3 years	-16.82%	-13.20%	-3.62%
Max Drawdown (5Y) Largest decline over 5 years	-31.34%	-30.16%	-1.18%
Current Drawdown Current decline from peak	-1.05%	-2.64%	+1.59%
Average Drawdown Average peak-to-trough decline	-6.79%	-11.61%	+4.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	2.44%	-0.37%

Volatility

NTSX vs. RPAR - Volatility Comparison

WisdomTree U.S. Efficient Core Fund (NTSX) and RPAR Risk Parity ETF (RPAR) have volatilities of 3.39% and 3.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTSX	RPAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	3.56%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	9.58%	8.37%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	12.31%	10.20%	+2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.04%	12.40%	+4.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.27%	12.69%	+5.58%

NTSX vs. RPAR - Expense Ratio Comparison

NTSX has a 0.20% expense ratio, which is lower than RPAR's 0.51% expense ratio.

Dividends

NTSX vs. RPAR - Dividend Comparison

NTSX's dividend yield for the trailing twelve months is around 1.08%, less than RPAR's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NTSX WisdomTree U.S. Efficient Core Fund	1.08%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%
RPAR RPAR Risk Parity ETF	2.07%	2.55%	2.51%	3.16%	4.01%	2.02%	0.76%	0.23%	0.00%

Frequently Asked Questions

Can I hold both NTSX and RPAR in my portfolio?

NTSX and RPAR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NTSX or RPAR?

RPAR has higher volatility (3.56%) compared to NTSX (3.39%). In terms of maximum drawdown, NTSX dropped -31.34% vs RPAR's -30.16%.

Which ETF is better, NTSX or RPAR?

On 5-year performance, NTSX leads with 9.69% vs 1.76% for RPAR. On fees, NTSX is cheaper at 0.20% per year. On volatility, NTSX has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NTSX or RPAR?

Over the 5-year period, NTSX has performed better with a 9.69% return vs 1.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NTSX or RPAR?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.51% for RPAR.

Which ETF pays a higher dividend yield, NTSX or RPAR?

RPAR has the higher dividend yield at 2.07%, compared with 1.08% for NTSX.

What is the main difference between NTSX and RPAR?

NTSX is categorized as Diversified Portfolio, while RPAR is Hedge Fund. They also come from different issuers: WisdomTree and Toroso Investments. Their fees differ too: 0.20% for NTSX and 0.51% for RPAR.

Which has better risk-adjusted returns?

RPAR currently has the higher Sharpe Ratio (2.09 vs 2.06), 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.