Correlation
The correlation between UPAR and TLT is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
UPAR vs. TLT
Compare and contrast key facts about UPAR Ultra Risk Parity ETF (UPAR) and iShares 20+ Year Treasury Bond ETF (TLT).
UPAR and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both UPAR and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UPAR or TLT.
Performance
UPAR vs. TLT - Performance Comparison
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Key characteristics
UPAR:
0.32
TLT:
0.06
UPAR:
0.34
TLT:
-0.07
UPAR:
1.04
TLT:
0.99
UPAR:
0.09
TLT:
-0.04
UPAR:
0.39
TLT:
-0.21
UPAR:
6.96%
TLT:
8.36%
UPAR:
16.79%
TLT:
14.53%
UPAR:
-38.99%
TLT:
-48.35%
UPAR:
-23.74%
TLT:
-42.69%
Returns By Period
In the year-to-date period, UPAR achieves a 5.98% return, which is significantly higher than TLT's 0.04% return.
UPAR
5.98%
0.07%
-0.91%
5.30%
-2.67%
N/A
N/A
TLT
0.04%
-4.14%
-5.38%
0.87%
-7.01%
-9.61%
-0.85%
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UPAR vs. TLT - Expense Ratio Comparison
UPAR has a 0.65% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
UPAR vs. TLT — Risk-Adjusted Performance Rank
UPAR
TLT
UPAR vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for UPAR Ultra Risk Parity ETF (UPAR) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
UPAR's dividend yield for the trailing twelve months is around 3.46%, less than TLT's 4.39% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPAR UPAR Ultra Risk Parity ETF | 3.46% | 3.32% | 3.05% | 4.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.39% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
UPAR vs. TLT - Drawdown Comparison
The maximum UPAR drawdown since its inception was -38.99%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for UPAR and TLT.
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Volatility
UPAR vs. TLT - Volatility Comparison
UPAR Ultra Risk Parity ETF (UPAR) and iShares 20+ Year Treasury Bond ETF (TLT) have volatilities of 3.50% and 3.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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