RPAR vs. ADME

Last updated Jul 14, 2026

RPAR (RPAR Risk Parity ETF) and ADME (Aptus Drawdown Managed Equity ETF) are both Hedge Fund funds. RPAR is actively managed, while ADME is passively managed. Over the past 5 years, RPAR returned 0.55%/yr vs 7.13%/yr for ADME. A 0.52 correlation means they provide meaningful diversification when combined. RPAR charges 0.51%/yr vs 0.79%/yr for ADME.

Performance

RPAR vs. ADME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RPAR Risk Parity ETF (RPAR) and Aptus Drawdown Managed Equity ETF (ADME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPAR achieves a 3.22% return, which is significantly lower than ADME's 8.67% return.

RPAR

• 1D: -0.89%
• 1M: -2.73%
• 6M: 0.32%
• YTD: 3.22%
• 1Y: 12.82%
• 3Y*: 7.08%
• 5Y*: 0.55%
• 10Y*: —

ADME

• 1D: -0.70%
• 1M: 0.70%
• 6M: 6.80%
• YTD: 8.67%
• 1Y: 15.71%
• 3Y*: 15.51%
• 5Y*: 7.13%
• 10Y*: 8.47%

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

RPAR vs. ADME - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RPAR RPAR Risk Parity ETF	3.22%	17.91%	0.06%	6.03%	-22.82%	7.56%	19.40%	0.13%
ADME Aptus Drawdown Managed Equity ETF	8.67%	10.28%	22.11%	15.42%	-21.80%	20.24%	18.21%	1.27%

Correlation

The correlation between RPAR and ADME is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019	0.52

The correlation between RPAR and ADME shifts across timeframes, from 0.52 (5 years) to 0.62 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RPAR vs. ADME — Risk / Return Rank

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

RPAR

RPAR Risk / Return Rank: 40
RPAR Sharpe Ratio Rank: 43
RPAR Sortino Ratio Rank: 41
RPAR Omega Ratio Rank: 41
RPAR Calmar Ratio Rank: 39
RPAR Martin Ratio Rank: 37

ADME

ADME Risk / Return Rank: 55
ADME Sharpe Ratio Rank: 54
ADME Sortino Ratio Rank: 54
ADME Omega Ratio Rank: 52
ADME Calmar Ratio Rank: 53
ADME Martin Ratio Rank: 61

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.

RPAR vs. ADME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) and Aptus Drawdown Managed Equity ETF (ADME). 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.

	RPAR	ADME	Difference
Sharpe ratio: Return per unit of total volatility	1.22	1.47	-0.25
Sortino ratio: Return per unit of downside risk	1.72	2.09	-0.37
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	1.59	2.11	-0.52
Martin ratio: Return relative to average drawdown	4.46	8.40	-3.95

RPAR vs. ADME - Sharpe Ratio Comparison

The current RPAR Sharpe Ratio is 1.22, which is comparable to the ADME Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of RPAR and ADME, 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

RPAR vs. ADME - Drawdown Comparison

The maximum RPAR drawdown since its inception was -30.16%, which is greater than ADME's maximum drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for RPAR and ADME.

Drawdown Indicators

	RPAR	ADME	Difference
Max Drawdown Largest peak-to-trough decline	-30.16%	-27.49%	-2.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-7.49%	-0.61%
Max Drawdown (3Y) Largest decline over 3 years	-13.20%	-15.67%	+2.47%
Max Drawdown (5Y) Largest decline over 5 years	-30.16%	-23.43%	-6.73%
Max Drawdown (10Y) Largest decline over 10 years	—	-27.49%	—
Current Drawdown Current decline from peak	-6.54%	-1.75%	-4.79%
Average Drawdown Average peak-to-trough decline	-11.50%	-7.86%	-3.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	1.87%	+1.01%

Volatility

RPAR vs. ADME - Volatility Comparison

The current volatility for RPAR Risk Parity ETF (RPAR) is 3.28%, while Aptus Drawdown Managed Equity ETF (ADME) has a volatility of 3.80%. This indicates that RPAR experiences smaller price fluctuations and is considered to be less risky than ADME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPAR	ADME	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	3.80%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	9.00%	8.74%	+0.26%
Volatility (1Y) Calculated over the trailing 1-year period	10.60%	10.77%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.49%	13.01%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.68%	14.44%	-1.76%

RPAR vs. ADME - Expense Ratio Comparison

RPAR has a 0.51% expense ratio, which is lower than ADME's 0.79% expense ratio.

Dividends

RPAR vs. ADME - Dividend Comparison

RPAR's dividend yield for the trailing twelve months is around 2.44%, more than ADME's 0.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ADME Aptus Drawdown Managed Equity ETF	0.35%	0.38%	0.47%	0.78%	0.73%	0.26%	0.41%	0.70%	0.86%	0.32%	0.69%
RPAR RPAR Risk Parity ETF	2.44%	2.55%	2.51%	3.16%	4.01%	2.02%	0.76%	0.23%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RPAR and ADME in my portfolio?

RPAR and ADME have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPAR or ADME?

ADME has higher volatility (3.80%) compared to RPAR (3.28%). In terms of maximum drawdown, RPAR dropped -30.16% vs ADME's -27.49%.

Which ETF is better, RPAR or ADME?

On 5-year performance, ADME leads with 7.13% vs 0.55% for RPAR. On fees, RPAR is cheaper at 0.51% per year. On volatility, RPAR has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPAR or ADME?

Over the 5-year period, ADME has performed better with a 7.13% return vs 0.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPAR or ADME?

RPAR is cheaper with a 0.51% expense ratio, compared with 0.79% for ADME.

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

RPAR has the higher dividend yield at 2.44%, compared with 0.35% for ADME.

What is the main difference between RPAR and ADME?

They also come from different issuers: Toroso Investments and Aptus Capital Advisors. Their fees differ too: 0.51% for RPAR and 0.79% for ADME.

Which has better risk-adjusted returns?

ADME currently has the higher Sharpe Ratio (1.47 vs 1.22), 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.