RPHS vs. ASET

Last updated Jul 17, 2026

RPHS (Regents Park Hedged Market Strategy ETF) and ASET (FlexShares Real Assets Allocation Index Fund) are both Diversified Portfolio funds. RPHS is actively managed, while ASET is passively managed. RPHS charges 0.75%/yr vs 0.57%/yr for ASET.

Performance

RPHS vs. ASET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Regents Park Hedged Market Strategy ETF (RPHS) and FlexShares Real Assets Allocation Index Fund (ASET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RPHS

• 1D: 0.00%
• 1M: -0.63%
• 6M: 4.43%
• YTD: 5.19%
• 1Y: 13.51%
• 3Y*: 13.17%
• 5Y*: —
• 10Y*: —

ASET

• 1D: 0.00%
• 1M: 0.00%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RPHS vs. ASET - Yearly Performance Comparison

	2026 (YTD)
RPHS Regents Park Hedged Market Strategy ETF	6.53%
ASET FlexShares Real Assets Allocation Index Fund	0.00%

Return for Risk

RPHS vs. ASET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Regents Park Hedged Market Strategy ETF (RPHS) and FlexShares Real Assets Allocation Index Fund (ASET). 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.

	RPHS	ASET	Difference
Sharpe ratio: Return per unit of total volatility	1.25	—	—
Sortino ratio: Return per unit of downside risk	1.78	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	6.35	—	—

Drawdowns

RPHS vs. ASET - Drawdown Comparison

The maximum RPHS drawdown since its inception was -16.51%, which is greater than ASET's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for RPHS and ASET.

Drawdown Indicators

	RPHS	ASET	Difference
Max Drawdown Largest peak-to-trough decline	-16.51%	0.00%	-16.51%
Max Drawdown (1Y) Largest decline over 1 year	-7.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.84%	—	—
Current Drawdown Current decline from peak	-1.94%	0.00%	-1.94%
Average Drawdown Average peak-to-trough decline	-6.21%	0.00%	-6.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	—	—

Volatility

Volatility by Period

	RPHS	ASET	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.57%	0.00%	+10.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.39%	0.00%	+11.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.39%	0.00%	+11.39%

RPHS vs. ASET - Expense Ratio Comparison

RPHS has a 0.75% expense ratio, which is higher than ASET's 0.57% expense ratio.

Dividends

RPHS vs. ASET - Dividend Comparison

Neither RPHS nor ASET has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ASET FlexShares Real Assets Allocation Index Fund	0.00%	0.00%	0.00%	0.00%	0.00%
RPHS Regents Park Hedged Market Strategy ETF	34.69%	11.13%	3.68%	5.23%	1.29%

Frequently Asked Questions

Which ETF is better, RPHS or ASET?

On fees, ASET is cheaper at 0.57% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RPHS or ASET?

ASET is cheaper with a 0.57% expense ratio, compared with 0.75% for RPHS.

Which ETF pays a higher dividend yield, RPHS or ASET?

RPHS has the higher dividend yield at 34.69%, compared with 0.00% for ASET.

What is the main difference between RPHS and ASET?

They also come from different issuers: Regents Park and Northern Trust. Their fees differ too: 0.75% for RPHS and 0.57% for ASET.