RPAR vs. NTSX

Last updated Jun 7, 2026

RPAR (RPAR Risk Parity ETF) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - RPAR is a Hedge Fund fund actively managed by Toroso Investments, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. Both are actively managed. Over the past 5 years, RPAR returned 1.36%/yr vs 9.23%/yr for NTSX. A 0.61 correlation means they provide meaningful diversification when combined. RPAR charges 0.51%/yr vs 0.20%/yr for NTSX.

Performance

RPAR vs. NTSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RPAR Risk Parity ETF (RPAR) and WisdomTree U.S. Efficient Core Fund (NTSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPAR achieves a 5.38% return, which is significantly lower than NTSX's 6.35% return.

RPAR

• 1D: -2.12%
• 1M: -2.04%
• YTD: 5.38%
• 6M: 5.53%
• 1Y: 18.19%
• 3Y*: 8.31%
• 5Y*: 1.36%
• 10Y*: —

NTSX

• 1D: -2.87%
• 1M: -0.48%
• YTD: 6.35%
• 6M: 5.67%
• 1Y: 22.20%
• 3Y*: 18.51%
• 5Y*: 9.23%
• 10Y*: —

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

RPAR vs. NTSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RPAR RPAR Risk Parity ETF	5.38%	17.91%	0.06%	6.03%	-22.82%	7.56%	19.40%	0.11%
NTSX WisdomTree U.S. Efficient Core Fund	6.35%	18.82%	20.20%	22.70%	-25.84%	22.21%	24.87%	1.28%

Correlation

The correlation between RPAR and NTSX is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019	0.61

The correlation between RPAR and NTSX has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.

RPAR vs. NTSX - Sectors Allocation Comparison

Sectors	RPAR	NTSX
Financial Services	35.9%	12.3%
Basic Materials	6.4%	1.4%
Energy	5.9%	3.5%
Healthcare	5.1%	8.4%
Communication Services	4.9%	12.5%
Industrials	2.1%	7.7%
Consumer Defensive	0.3%	5.5%
Utilities	0.2%	2.1%
Technology	0.1%	35.1%
Consumer Cyclical	0.1%	10.1%
Real Estate	-0.0%	1.5%

Return for Risk

RPAR vs. NTSX — Risk / Return Rank

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

RPAR

RPAR Risk / Return Rank: 47
RPAR Sharpe Ratio Rank: 50
RPAR Sortino Ratio Rank: 48
RPAR Omega Ratio Rank: 49
RPAR Calmar Ratio Rank: 44
RPAR Martin Ratio Rank: 45

NTSX

NTSX Risk / Return Rank: 55
NTSX Sharpe Ratio Rank: 55
NTSX Sortino Ratio Rank: 52
NTSX Omega Ratio Rank: 55
NTSX Calmar Ratio Rank: 52
NTSX Martin Ratio Rank: 63

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. NTSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) and WisdomTree U.S. Efficient Core Fund (NTSX). 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.

	RPAR	NTSX	Difference
Sharpe ratio: Return per unit of total volatility	1.66	1.83	-0.17
Sortino ratio: Return per unit of downside risk	2.29	2.46	-0.17
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.12	2.52	-0.40
Martin ratio: Return relative to average drawdown	6.96	11.11	-4.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RPAR vs. NTSX - Sharpe Ratio Comparison

The current RPAR Sharpe Ratio is 1.66, which is comparable to the NTSX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of RPAR and NTSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RPAR	NTSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.66	1.83	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.54	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.69	-0.36

Drawdowns

RPAR vs. NTSX - Drawdown Comparison

The maximum RPAR drawdown since its inception was -30.16%, roughly equal to the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for RPAR and NTSX.

Drawdown Indicators

	RPAR	NTSX	Difference
Max Drawdown Largest peak-to-trough decline	-30.16%	-31.34%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.10%	-9.16%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-13.20%	-16.82%	+3.62%
Max Drawdown (5Y) Largest decline over 5 years	-30.16%	-31.34%	+1.18%
Current Drawdown Current decline from peak	-4.58%	-3.12%	-1.46%
Average Drawdown Average peak-to-trough decline	-11.60%	-6.79%	-4.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	2.08%	+0.38%

Volatility

RPAR vs. NTSX - Volatility Comparison

The current volatility for RPAR Risk Parity ETF (RPAR) is 3.94%, while WisdomTree U.S. Efficient Core Fund (NTSX) has a volatility of 4.36%. This indicates that RPAR experiences smaller price fluctuations and is considered to be less risky than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPAR	NTSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.36%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	10.04%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	10.33%	12.67%	-2.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.42%	17.08%	-4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.71%	18.29%	-5.58%

RPAR vs. NTSX - Expense Ratio Comparison

RPAR has a 0.51% expense ratio, which is higher than NTSX's 0.20% expense ratio.

Dividends

RPAR vs. NTSX - Dividend Comparison

RPAR's dividend yield for the trailing twelve months is around 2.11%, more than NTSX's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
NTSX WisdomTree U.S. Efficient Core Fund	1.10%	1.14%	1.14%	1.21%	1.36%	0.82%	0.92%	1.42%	0.62%
RPAR RPAR Risk Parity ETF	2.11%	2.55%	2.51%	3.16%	4.01%	2.02%	0.76%	0.23%	0.00%

Frequently Asked Questions

Can I hold both RPAR and NTSX in my portfolio?

RPAR and NTSX have a correlation of 0.64, 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 NTSX?

NTSX has higher volatility (4.36%) compared to RPAR (3.94%). In terms of maximum drawdown, RPAR dropped -30.16% vs NTSX's -31.34%.

Which ETF is better, RPAR or NTSX?

On 5-year performance, NTSX leads with 9.23% vs 1.36% for RPAR. On fees, NTSX is cheaper at 0.20% per year. On volatility, RPAR has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RPAR or NTSX?

Over the 5-year period, NTSX has performed better with a 9.23% return vs 1.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RPAR or NTSX?

NTSX is cheaper with a 0.20% expense ratio, compared with 0.51% for RPAR.

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

RPAR has the higher dividend yield at 2.11%, compared with 1.10% for NTSX.

What is the main difference between RPAR and NTSX?

RPAR is categorized as Hedge Fund, while NTSX is Diversified Portfolio. They also come from different issuers: Toroso Investments and WisdomTree. Their fees differ too: 0.51% for RPAR and 0.20% for NTSX.

Which has better risk-adjusted returns?

NTSX currently has the higher Sharpe Ratio (1.83 vs 1.66), 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.