RPAR vs. AOM
Compare and contrast key facts about RPAR Risk Parity ETF (RPAR) and iShares Core Moderate Allocation ETF (AOM).
RPAR and AOM 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. AOM is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Moderate. 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 AOM.
Key characteristics
| RPAR | AOM | |
|---|---|---|
| YTD Return | 4.94% | 9.42% |
| 1Y Return | 15.98% | 17.49% |
| 3Y Return (Ann) | -5.30% | 1.70% |
| Sharpe Ratio | 1.48 | 2.82 |
| Sortino Ratio | 2.16 | 4.20 |
| Omega Ratio | 1.26 | 1.54 |
| Calmar Ratio | 0.60 | 1.64 |
| Martin Ratio | 6.83 | 18.27 |
| Ulcer Index | 2.42% | 0.99% |
| Daily Std Dev | 11.17% | 6.42% |
| Max Drawdown | -30.16% | -19.96% |
| Current Drawdown | -15.55% | -0.69% |
Correlation
The correlation between RPAR and AOM is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RPAR vs. AOM - Performance Comparison
In the year-to-date period, RPAR achieves a 4.94% return, which is significantly lower than AOM's 9.42% 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. AOM - Expense Ratio Comparison
RPAR has a 0.51% expense ratio, which is higher than AOM's 0.25% expense ratio.
Risk-Adjusted Performance
RPAR vs. AOM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) and iShares Core Moderate Allocation ETF (AOM). 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. AOM - Dividend Comparison
RPAR's dividend yield for the trailing twelve months is around 2.76%, less than AOM's 2.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPAR RPAR Risk Parity ETF | 2.76% | 3.15% | 4.01% | 2.03% | 0.76% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AOM iShares Core Moderate Allocation ETF | 2.84% | 2.79% | 2.27% | 1.56% | 2.02% | 2.66% | 2.53% | 3.31% | 2.14% | 1.98% | 2.08% | 1.87% |
Drawdowns
RPAR vs. AOM - Drawdown Comparison
The maximum RPAR drawdown since its inception was -30.16%, which is greater than AOM's maximum drawdown of -19.96%. Use the drawdown chart below to compare losses from any high point for RPAR and AOM. For additional features, visit the drawdowns tool.
Volatility
RPAR vs. AOM - Volatility Comparison
RPAR Risk Parity ETF (RPAR) has a higher volatility of 3.32% compared to iShares Core Moderate Allocation ETF (AOM) at 1.66%. This indicates that RPAR's price experiences larger fluctuations and is considered to be riskier than AOM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.