RPAR vs. SPY
Compare and contrast key facts about RPAR Risk Parity ETF (RPAR) and SPDR S&P 500 ETF (SPY).
RPAR and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RPAR or SPY.
Correlation
The correlation between RPAR and SPY is 0.51, 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. SPY - Performance Comparison
Key characteristics
RPAR:
0.10
SPY:
2.17
RPAR:
0.21
SPY:
2.88
RPAR:
1.02
SPY:
1.41
RPAR:
0.05
SPY:
3.19
RPAR:
0.34
SPY:
14.10
RPAR:
3.13%
SPY:
1.90%
RPAR:
10.59%
SPY:
12.39%
RPAR:
-30.16%
SPY:
-55.19%
RPAR:
-19.08%
SPY:
-3.19%
Returns By Period
In the year-to-date period, RPAR achieves a 0.56% return, which is significantly lower than SPY's 24.97% return.
RPAR
0.56%
-2.66%
-1.45%
0.71%
1.08%
N/A
SPY
24.97%
-0.32%
8.25%
26.85%
14.57%
12.92%
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RPAR vs. SPY - Expense Ratio Comparison
RPAR has a 0.51% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RPAR vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for RPAR Risk Parity ETF (RPAR) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RPAR's dividend yield for the trailing twelve months is around 2.88%, more than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RPAR RPAR Risk Parity ETF | 2.88% | 3.15% | 4.01% | 2.03% | 0.76% | 0.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
RPAR vs. SPY - Drawdown Comparison
The maximum RPAR drawdown since its inception was -30.16%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RPAR and SPY. For additional features, visit the drawdowns tool.
Volatility
RPAR vs. SPY - Volatility Comparison
The current volatility for RPAR Risk Parity ETF (RPAR) is 3.16%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.64%. This indicates that RPAR experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.