PRTO vs. JPO

Last updated Jun 5, 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. A 0.51 correlation means they provide meaningful diversification when combined. 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: 0.61%
• 1M: 2.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPO

• 1D: 1.64%
• 1M: -0.20%
• YTD: -2.50%
• 6M: -1.08%
• 1Y: 14.53%
• 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	10.84%
JPO YieldMax JPM Option Income Strategy ETF	5.75%

Correlation

The correlation between PRTO and JPO is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026	0.51

Return for Risk

PRTO vs. JPO — Risk / Return Rank

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

JPO

JPO Risk / Return Rank: 22
JPO Sharpe Ratio Rank: 23
JPO Sortino Ratio Rank: 21
JPO Omega Ratio Rank: 23
JPO Calmar Ratio Rank: 23
JPO Martin Ratio Rank: 21

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.

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

Sharpe Ratios by Period

	PRTO	JPO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.07	0.74	+4.33

Drawdowns

PRTO vs. JPO - Drawdown Comparison

The maximum PRTO drawdown since its inception was -2.98%, 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	-2.98%	-24.80%	+21.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.24%	—
Current Drawdown Current decline from peak	-0.11%	-5.35%	+5.24%
Average Drawdown Average peak-to-trough decline	-0.54%	-4.60%	+4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.70%	—

Volatility

Volatility by Period

	PRTO	JPO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.91%	18.69%	-4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	19.05%	-5.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.91%	19.05%	-5.14%

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 34.28%.

Position	TTM	2025	2024	2023
JPO YieldMax JPM Option Income Strategy ETF	34.28%	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 0.51, 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 34.28%, 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.