TPRY vs. PEPS

Last updated Jun 24, 2026

TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. TPRY is passively managed, while PEPS is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. TPRY charges 0.95%/yr vs 0.10%/yr for PEPS.

Performance

TPRY vs. PEPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and Parametric Equity Plus ETF (PEPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TPRY

• 1D: -4.10%
• 1M: -2.22%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PEPS

• 1D: -1.38%
• 1M: -0.55%
• YTD: 7.86%
• 6M: 7.03%
• 1Y: 26.19%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TPRY vs. PEPS - Yearly Performance Comparison

	2026 (YTD)
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	3.52%
PEPS Parametric Equity Plus ETF	5.87%

Correlation

The correlation between TPRY and PEPS is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.86

Return for Risk

TPRY vs. PEPS — Risk / Return Rank

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

TPRY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PEPS

PEPS Risk / Return Rank: 62
PEPS Sharpe Ratio Rank: 62
PEPS Sortino Ratio Rank: 57
PEPS Omega Ratio Rank: 62
PEPS Calmar Ratio Rank: 58
PEPS Martin Ratio Rank: 70

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.

TPRY vs. PEPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) and Parametric Equity Plus ETF (PEPS). 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.

	TPRY	PEPS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.53	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	2.69	—
Martin ratio: Return relative to average drawdown	—	12.10	—

Drawdowns

TPRY vs. PEPS - Drawdown Comparison

The maximum TPRY drawdown since its inception was -11.32%, smaller than the maximum PEPS drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for TPRY and PEPS.

Drawdown Indicators

	TPRY	PEPS	Difference
Max Drawdown Largest peak-to-trough decline	-11.32%	-21.26%	+9.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.80%	—
Current Drawdown Current decline from peak	-4.10%	-3.04%	-1.06%
Average Drawdown Average peak-to-trough decline	-3.27%	-2.75%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.17%	—

Volatility

Volatility by Period

	TPRY	PEPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.38%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.61%	13.80%	+13.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.61%	18.43%	+9.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.61%	18.43%	+9.18%

TPRY vs. PEPS - Expense Ratio Comparison

TPRY has a 0.95% expense ratio, which is higher than PEPS's 0.10% expense ratio.

Dividends

TPRY vs. PEPS - Dividend Comparison

TPRY's dividend yield for the trailing twelve months is around 3.67%, more than PEPS's 0.95% yield.

Position	TTM	2025	2024
PEPS Parametric Equity Plus ETF	0.95%	1.00%	0.17%
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF	3.67%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TPRY and PEPS in my portfolio?

TPRY and PEPS have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TPRY or PEPS?

On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TPRY or PEPS?

PEPS is cheaper with a 0.10% expense ratio, compared with 0.95% for TPRY.

Which ETF pays a higher dividend yield, TPRY or PEPS?

TPRY has the higher dividend yield at 3.67%, compared with 0.95% for PEPS.

What is the main difference between TPRY and PEPS?

They also come from different issuers: VistaShares and Parametric. Their fees differ too: 0.95% for TPRY and 0.10% for PEPS.