RPAR vs. AOA
Compare and contrast key facts about RPAR Risk Parity ETF (RPAR) and iShares Core Aggressive Allocation ETF (AOA).
RPAR and AOA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RPAR is an actively managed fund by Toroso Investments. It was launched on Dec 13, 2019. AOA is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Aggressive Index. It was launched on Nov 4, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPAR or AOA.
Key characteristics
| RPAR | AOA | |
|---|---|---|
| YTD Return | 2.69% | 14.52% |
| 1Y Return | 11.69% | 21.79% |
| 3Y Return (Ann) | -5.73% | 4.32% |
| Sharpe Ratio | 1.00 | 2.28 |
| Sortino Ratio | 1.47 | 3.17 |
| Omega Ratio | 1.17 | 1.41 |
| Calmar Ratio | 0.43 | 2.99 |
| Martin Ratio | 4.38 | 14.62 |
| Ulcer Index | 2.53% | 1.50% |
| Daily Std Dev | 11.06% | 9.61% |
| Max Drawdown | -30.16% | -28.38% |
| Current Drawdown | -17.36% | -1.55% |
Correlation
The correlation between RPAR and AOA is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RPAR vs. AOA - Performance Comparison
In the year-to-date period, RPAR achieves a 2.69% return, which is significantly lower than AOA's 14.52% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RPAR vs. AOA - Expense Ratio Comparison
RPAR has a 0.51% expense ratio, which is higher than AOA's 0.25% expense ratio.
Risk-Adjusted Performance
RPAR vs. AOA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) and iShares Core Aggressive Allocation ETF (AOA). 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.
Dividends
RPAR vs. AOA - Dividend Comparison
RPAR's dividend yield for the trailing twelve months is around 2.82%, more than AOA's 2.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPAR RPAR Risk Parity ETF | 2.82% | 3.15% | 4.01% | 2.03% | 0.76% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOA iShares Core Aggressive Allocation ETF | 2.11% | 2.22% | 2.10% | 1.67% | 1.71% | 2.50% | 2.37% | 5.09% | 2.02% | 2.15% | 2.18% | 1.84% |
Drawdowns
RPAR vs. AOA - Drawdown Comparison
The maximum RPAR drawdown since its inception was -30.16%, which is greater than AOA's maximum drawdown of -28.38%. Use the drawdown chart below to compare losses from any high point for RPAR and AOA. For additional features, visit the drawdowns tool.
Volatility
RPAR vs. AOA - Volatility Comparison
RPAR Risk Parity ETF (RPAR) has a higher volatility of 3.66% compared to iShares Core Aggressive Allocation ETF (AOA) at 2.62%. This indicates that RPAR's price experiences larger fluctuations and is considered to be riskier than AOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.