Correlation
The correlation between UPAR and RPAR is 0.50, 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.
UPAR vs. RPAR
Compare and contrast key facts about UPAR Ultra Risk Parity ETF (UPAR) and RPAR Risk Parity ETF (RPAR).
UPAR and RPAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPAR is a passively managed fund by RPAR that tracks the performance of the NONE. It was launched on Jan 3, 2022. RPAR is an actively managed fund by Toroso Investments. It was launched on Dec 13, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UPAR or RPAR.
Performance
UPAR vs. RPAR - Performance Comparison
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Key characteristics
UPAR:
0.27
RPAR:
0.42
UPAR:
0.39
RPAR:
0.58
UPAR:
1.05
RPAR:
1.07
UPAR:
0.11
RPAR:
0.21
UPAR:
0.48
RPAR:
0.88
UPAR:
6.97%
RPAR:
4.98%
UPAR:
16.70%
RPAR:
11.72%
UPAR:
-38.99%
RPAR:
-30.16%
UPAR:
-23.79%
RPAR:
-15.58%
Returns By Period
In the year-to-date period, UPAR achieves a 5.91% return, which is significantly higher than RPAR's 4.85% return.
UPAR
5.91%
0.44%
-2.19%
4.45%
-2.46%
N/A
N/A
RPAR
4.85%
0.20%
-0.88%
4.92%
0.21%
1.29%
N/A
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UPAR vs. RPAR - Expense Ratio Comparison
UPAR has a 0.65% expense ratio, which is higher than RPAR's 0.51% expense ratio.
Risk-Adjusted Performance
UPAR vs. RPAR — Risk-Adjusted Performance Rank
UPAR
RPAR
UPAR vs. RPAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UPAR Ultra Risk Parity ETF (UPAR) and RPAR Risk Parity ETF (RPAR). 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.
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Dividends
UPAR vs. RPAR - Dividend Comparison
UPAR's dividend yield for the trailing twelve months is around 3.46%, more than RPAR's 2.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 3.46% | 3.32% | 3.05% | 4.74% | 0.00% | 0.00% | 0.00% |
RPAR RPAR Risk Parity ETF | 2.58% | 2.51% | 3.16% | 4.01% | 2.02% | 0.76% | 0.23% |
Drawdowns
UPAR vs. RPAR - Drawdown Comparison
The maximum UPAR drawdown since its inception was -38.99%, which is greater than RPAR's maximum drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for UPAR and RPAR.
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Volatility
UPAR vs. RPAR - Volatility Comparison
UPAR Ultra Risk Parity ETF (UPAR) has a higher volatility of 3.47% compared to RPAR Risk Parity ETF (RPAR) at 2.72%. This indicates that UPAR's price experiences larger fluctuations and is considered to be riskier than RPAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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