UPAR vs. EAOA
UPAR (UPAR Ultra Risk Parity ETF) and EAOA (iShares ESG Aware Aggressive Allocation ETF) are both Diversified Portfolio funds - UPAR tracks the NONE while EAOA tracks the BlackRock ESG Aware Aggressive Allocation Index. Both are passively managed. Over the past 3 years, UPAR returned 8.22%/yr vs 15.23%/yr for EAOA. Their 0.64 correlation means they have sometimes moved together and sometimes differently. UPAR charges 0.65%/yr vs 0.18%/yr for EAOA.
Performance
UPAR vs. EAOA - Performance Comparison
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Returns By Period
In the year-to-date period, UPAR achieves a 3.37% return, which is significantly lower than EAOA's 9.37% return.
UPAR
- 1D
- -0.88%
- 1M
- -2.83%
- 6M
- -2.26%
- YTD
- 3.37%
- 1Y
- 15.74%
- 3Y*
- 8.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -1.97%
EAOA
- 1D
- 0.37%
- 1M
- -0.07%
- 6M
- 6.89%
- YTD
- 9.37%
- 1Y
- 19.83%
- 3Y*
- 15.23%
- 5Y*
- 8.17%
- 10Y*
- —
- ALL TIME*
- 11.69%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.58K | $40.91K | $70.98K | |
| $78.06K | $57.40K | $209.69K |
UPAR vs. EAOA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 3.37% | 23.87% | -2.26% | 5.73% | -30.99% |
EAOA iShares ESG Aware Aggressive Allocation ETF | 9.37% | 18.41% | 13.79% | 18.27% | -18.03% |
Correlation
The correlation between UPAR and EAOA is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2022 | 0.64 |
The correlation between UPAR and EAOA shifts across timeframes, from 0.64 (all time) to 0.74 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UPAR vs. EAOA — Risk / Return Rank
UPAR
EAOA
UPAR vs. EAOA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UPAR Ultra Risk Parity ETF (UPAR) and iShares ESG Aware Aggressive Allocation ETF (EAOA). 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.
| UPAR | EAOA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.30 | -0.84 |
| Martin ratioReturn relative to average drawdown | 3.61 | 9.67 | -6.06 |
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Drawdowns
UPAR vs. EAOA - Drawdown Comparison
The maximum UPAR drawdown since its inception was -39.54%, which is greater than EAOA's maximum drawdown of -25.06%. Use the drawdown chart below to compare losses from any high point for UPAR and EAOA.
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Drawdown Indicators
| UPAR | EAOA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -25.06% | -14.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.13% | -8.17% | -2.96% |
Max Drawdown (3Y)Largest decline over 3 years | -16.04% | -13.84% | -2.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.06% | — |
Current DrawdownCurrent decline from peak | -9.76% | -1.22% | -8.54% |
Average DrawdownAverage peak-to-trough decline | -21.91% | -5.21% | -16.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.51% | 1.94% | +2.57% |
Volatility
UPAR vs. EAOA - Volatility Comparison
UPAR Ultra Risk Parity ETF (UPAR) has a higher volatility of 3.57% compared to iShares ESG Aware Aggressive Allocation ETF (EAOA) at 3.36%. This indicates that UPAR's price experiences larger fluctuations and is considered to be riskier than EAOA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPAR | EAOA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 3.36% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 9.76% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.31% | 11.73% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.97% | 13.39% | +4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.97% | 13.16% | +4.81% |
UPAR vs. EAOA - Expense Ratio Comparison
UPAR has a 0.65% expense ratio, which is higher than EAOA's 0.18% expense ratio.
Dividends
UPAR vs. EAOA - Dividend Comparison
UPAR's dividend yield for the trailing twelve months is around 3.41%, more than EAOA's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EAOA iShares ESG Aware Aggressive Allocation ETF | 1.99% | 2.10% | 2.09% | 2.21% | 1.93% | 1.48% | 1.12% |
UPAR UPAR Ultra Risk Parity ETF | 3.41% | 3.28% | 3.32% | 3.04% | 4.73% | 0.00% | 0.00% |
Frequently Asked Questions
UPAR and EAOA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPAR has higher volatility (3.57%) compared to EAOA (3.36%). In terms of maximum drawdown, UPAR dropped -39.54% vs EAOA's -25.06%.
On 3-year performance, EAOA leads with 15.23% vs 8.22% for UPAR. On fees, EAOA is cheaper at 0.18% per year. On volatility, EAOA has been the lower-risk option at 3.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EAOA has performed better with a 15.23% return vs 8.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAOA is cheaper with a 0.18% expense ratio, compared with 0.65% for UPAR.
UPAR has the higher dividend yield at 3.41%, compared with 1.99% for EAOA.
UPAR tracks NONE, while EAOA tracks BlackRock ESG Aware Aggressive Allocation Index. They also come from different issuers: Tidal and iShares. Their fees differ too: 0.65% for UPAR and 0.18% for EAOA.
EAOA currently has the higher Sharpe Ratio (1.60 vs 1.14), 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.
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