SAPH vs. RMRC
SAPH (ADRhedged SAP ETF) and RMRC (ARMOR Core Risk-Managed ETF) are both Actively Managed funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. SAPH charges 0.19%/yr vs 0.60%/yr for RMRC.
Performance
SAPH vs. RMRC - Performance Comparison
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Returns By Period
SAPH
- 1D
- 3.72%
- 1M
- -0.69%
- 6M
- -28.50%
- YTD
- -29.61%
- 1Y
- -44.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMRC
- 1D
- 0.74%
- 1M
- 1.03%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SAPH vs. RMRC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SAPH ADRhedged SAP ETF | -13.08% |
RMRC ARMOR Core Risk-Managed ETF | 3.28% |
Correlation
The correlation between SAPH and RMRC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 24, 2026 | 0.15 |
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Return for Risk
SAPH vs. RMRC — Risk / Return Rank
SAPH
RMRC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SAPH vs. RMRC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ADRhedged SAP ETF (SAPH) and ARMOR Core Risk-Managed ETF (RMRC). 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.
| SAPH | RMRC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.76 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | — | — |
| Martin ratioReturn relative to average drawdown | -1.45 | — | — |
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Drawdowns
SAPH vs. RMRC - Drawdown Comparison
The maximum SAPH drawdown since its inception was -51.14%, which is greater than RMRC's maximum drawdown of -6.57%. Use the drawdown chart below to compare losses from any high point for SAPH and RMRC.
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Drawdown Indicators
| SAPH | RMRC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.14% | -6.57% | -44.57% |
Max Drawdown (1Y)Largest decline over 1 year | -48.85% | — | — |
Current DrawdownCurrent decline from peak | -47.22% | 0.00% | -47.22% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -1.63% | -20.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.53% | — | — |
Volatility
SAPH vs. RMRC - Volatility Comparison
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Volatility by Period
| SAPH | RMRC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.43% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 31.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.26% | 10.22% | +25.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.18% | 10.22% | +23.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.18% | 10.22% | +23.96% |
SAPH vs. RMRC - Expense Ratio Comparison
SAPH has a 0.19% expense ratio, which is lower than RMRC's 0.60% expense ratio.
Dividends
SAPH vs. RMRC - Dividend Comparison
SAPH's dividend yield for the trailing twelve months is around 3.96%, more than RMRC's 0.58% yield.
| Position | TTM |
|---|---|
RMRC ARMOR Core Risk-Managed ETF | 0.58% |
SAPH ADRhedged SAP ETF | 3.96% |
Frequently Asked Questions
SAPH and RMRC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SAPH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SAPH is cheaper with a 0.19% expense ratio, compared with 0.60% for RMRC.
SAPH has the higher dividend yield at 3.96%, compared with 0.58% for RMRC.
They also come from different issuers: ADRhedged and Exchange Traded Concepts. Their fees differ too: 0.19% for SAPH and 0.60% for RMRC.
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