PRTO vs. ELM

Last updated Jun 3, 2026

PRTO (RCN Pareto Strategic Allocation ETF) and ELM (Elm Market Navigator ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. PRTO charges 0.82%/yr vs 0.24%/yr for ELM.

Performance

PRTO vs. ELM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RCN Pareto Strategic Allocation ETF (PRTO) and Elm Market Navigator ETF (ELM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRTO

• 1D: 0.51%
• 1M: 2.87%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ELM

• 1D: -0.58%
• 1M: 2.88%
• YTD: 7.56%
• 6M: 8.51%
• 1Y: 19.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRTO vs. ELM - Yearly Performance Comparison

	2026 (YTD)
PRTO RCN Pareto Strategic Allocation ETF	10.96%
ELM Elm Market Navigator ETF	7.70%

Correlation

The correlation between PRTO and ELM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.91

Return for Risk

PRTO vs. ELM — Risk / Return Rank

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

ELM

ELM Risk / Return Rank: 63
ELM Sharpe Ratio Rank: 64
ELM Sortino Ratio Rank: 66
ELM Omega Ratio Rank: 67
ELM Calmar Ratio Rank: 54
ELM Martin Ratio Rank: 62

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.

PRTO vs. ELM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RCN Pareto Strategic Allocation ETF (PRTO) and Elm Market Navigator ETF (ELM). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PRTO	ELM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.38	1.49	+3.89

Drawdowns

PRTO vs. ELM - Drawdown Comparison

The maximum PRTO drawdown since its inception was -2.98%, smaller than the maximum ELM drawdown of -9.02%. Use the drawdown chart below to compare losses from any high point for PRTO and ELM.

Drawdown Indicators

	PRTO	ELM	Difference
Max Drawdown Largest peak-to-trough decline	-2.98%	-9.02%	+6.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.52%	—
Current Drawdown Current decline from peak	0.00%	-0.58%	+0.58%
Average Drawdown Average peak-to-trough decline	-0.55%	-1.32%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.81%	—

Volatility

Volatility by Period

	PRTO	ELM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	14.02%	9.38%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.02%	10.27%	+3.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.02%	10.27%	+3.75%

PRTO vs. ELM - Expense Ratio Comparison

PRTO has a 0.82% expense ratio, which is higher than ELM's 0.24% expense ratio.

Dividends

PRTO vs. ELM - Dividend Comparison

PRTO has not paid dividends to shareholders, while ELM's dividend yield for the trailing twelve months is around 2.52%.

Position	TTM	2025
ELM Elm Market Navigator ETF	2.52%	2.71%
PRTO RCN Pareto Strategic Allocation ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRTO and ELM in my portfolio?

With a correlation of 0.91, PRTO and ELM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, PRTO or ELM?

On fees, ELM is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRTO or ELM?

ELM is cheaper with a 0.24% expense ratio, compared with 0.82% for PRTO.

Which ETF pays a higher dividend yield, PRTO or ELM?

ELM has the higher dividend yield at 2.52%, compared with 0.00% for PRTO.

What is the main difference between PRTO and ELM?

They also come from different issuers: Tidal and Elm. Their fees differ too: 0.82% for PRTO and 0.24% for ELM.