PRTO vs. JPO

Last updated Jun 25, 2026

PRTO (RCN Pareto Strategic Allocation ETF) and JPO (YieldMax JPM Option Income Strategy ETF) are both exchange-traded funds - PRTO is a Tactical Allocation fund actively managed by Tidal, while JPO is a Options Trading fund actively managed by Tidal. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. PRTO charges 0.82%/yr vs 1.19%/yr for JPO.

Performance

PRTO vs. JPO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RCN Pareto Strategic Allocation ETF (PRTO) and YieldMax JPM Option Income Strategy ETF (JPO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRTO

• 1D: -0.81%
• 1M: -1.71%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPO

• 1D: -0.26%
• 1M: 6.74%
• YTD: 3.03%
• 6M: 1.53%
• 1Y: 14.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRTO vs. JPO - Yearly Performance Comparison

	2026 (YTD)
PRTO RCN Pareto Strategic Allocation ETF	7.24%
JPO YieldMax JPM Option Income Strategy ETF	12.79%

Correlation

The correlation between PRTO and JPO is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 25, 2026	0.33

Return for Risk

PRTO vs. JPO — Risk / Return Rank

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

PRTO

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

JPO

JPO Risk / Return Rank: 23
JPO Sharpe Ratio Rank: 24
JPO Sortino Ratio Rank: 22
JPO Omega Ratio Rank: 23
JPO Calmar Ratio Rank: 24
JPO Martin Ratio Rank: 23

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. JPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RCN Pareto Strategic Allocation ETF (PRTO) and YieldMax JPM Option Income Strategy ETF (JPO). 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.

	PRTO	JPO	Difference
Sharpe ratio: Return per unit of total volatility	—	0.78	—
Sortino ratio: Return per unit of downside risk	—	1.13	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	1.05	—
Martin ratio: Return relative to average drawdown	—	2.59	—

Drawdowns

PRTO vs. JPO - Drawdown Comparison

The maximum PRTO drawdown since its inception was -4.46%, smaller than the maximum JPO drawdown of -24.80%. Use the drawdown chart below to compare losses from any high point for PRTO and JPO.

Drawdown Indicators

	PRTO	JPO	Difference
Max Drawdown Largest peak-to-trough decline	-4.46%	-24.80%	+20.34%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.24%	—
Current Drawdown Current decline from peak	-3.02%	-0.26%	-2.76%
Average Drawdown Average peak-to-trough decline	-0.88%	-4.56%	+3.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.76%	—

Volatility

Volatility by Period

	PRTO	JPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.22%	19.11%	-2.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.22%	19.09%	-2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.22%	19.09%	-2.87%

PRTO vs. JPO - Expense Ratio Comparison

PRTO has a 0.82% expense ratio, which is lower than JPO's 1.19% expense ratio.

Dividends

PRTO vs. JPO - Dividend Comparison

PRTO has not paid dividends to shareholders, while JPO's dividend yield for the trailing twelve months is around 31.95%.

Position	TTM	2025	2024	2023
JPO YieldMax JPM Option Income Strategy ETF	31.95%	34.13%	25.15%	4.84%
PRTO RCN Pareto Strategic Allocation ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRTO and JPO in my portfolio?

PRTO and JPO have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRTO or JPO?

On fees, PRTO is cheaper at 0.82% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRTO or JPO?

PRTO is cheaper with a 0.82% expense ratio, compared with 1.19% for JPO.

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

JPO has the higher dividend yield at 31.95%, compared with 0.00% for PRTO.

What is the main difference between PRTO and JPO?

PRTO is categorized as Tactical Allocation, while JPO is Options Trading. Their fees differ too: 0.82% for PRTO and 1.19% for JPO.