RPAR Risk Parity ETF
$21.81−0.35 (−1.58%)
- Expense ratio
- 0.52%
- Fund size
- $576M
- 1Y return
- +8.0%
- Yield · Last 12 months
- 2.40%
- Volume · 30D
- 0M sh
- NAV per share
- $22.21
- 52W range
The ETF.net RPAR Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 56Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 79Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 61Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 36Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 77Category rank
Our read on RPAR
BMost allocation funds split dollars between stocks and bonds. RPAR splits risk: an equal share to global stocks, long-dated TIPS, Treasuries and commodities including gold. It arrived in 2019 as the first US ETF built around risk parity.
The Fund seeks positive returns during economic growth, capital preservation during contraction, and preservation of real returns during heightened inflation.
Why people hold it
- Balances by risk, not dollars. The index targets a 25% risk share for each of four asset classes, so low-volatility long-term TIPS carry a bigger dollar weight than stocks.sec.gov
- The stated objective covers three economic weather patterns: gains in growth, capital preservation in contraction, and real returns intact when inflation runs hot.sec.gov
- A 0.52% expense ratio, below the median for multi-asset allocation funds, and it stands in the upper half of that large, crowded cohort.
- Rules over hunches. The adviser trades to reflect the index's quarterly rebalance rather than picking what looks attractive that week.sec.gov
Worth knowing
- The Treasury sleeve runs through futures collateralized by T-bills, so notional Treasury exposure exceeds the cash weight. That built-in leverage magnifies moves both ways.sec.gov
- The TIPS target is 15+ year maturities, the most rate-sensitive corner of the inflation-linked market.sec.gov
- Thinly traded next to the category's giants, so spreads and order type matter more here than with a mega-fund.
RPAR Holdings
- Bonds
- —
- 68%
- WNZ6 Comdty
Sectors
- Technology18.6%
- Materials18.5%
- Energy17.5%
- Industrials12.8%
- Financials10.6%
- Consumer Discr.5.7%
- Health Care4.7%
- Communication4.5%
- Cons. Staples3.6%
- Utilities2.0%
- Real Estate1.4%
Geography
- United States81.91%
- United Kingdom4.02%
- Canada2.91%
- Australia2.67%
- Russian Federation1.30%
- China0.98%
- France0.87%
- Norway0.85%
- 4.49%
RPAR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | RPAR |
|---|---|
| Year to date | +4.7% |
| 1 month | −1.6% |
| 3 months | −1.0% |
| 1 year | +8.0% |
| 3 years | +10.1% |
| 5 years | +0.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RPAR |
|---|---|---|
| 2026 YTD | +4.7% | |
| 2025 | +17.9% | |
| 2024 | +0.1% | |
| 2023 | +6.0% | |
| 2022 | −22.8% | |
| 2021 | +7.6% | |
| 2020 | +19.4% |
RPAR in the news
ETF.net Research hasn’t filed on RPAR yet — coverage lands here as it’s written.
RPAR Dividends
- 2.40%
- $0.53
- $0.29 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.29 |
| Mar 27, 2026 | Mar 30, 2026 | $0.01 |
| Dec 29, 2025 | Dec 30, 2025 | $0.10 |
| Sep 29, 2025 | Sep 30, 2025 | $0.13 |
| Jun 27, 2025 | Jun 30, 2025 | $0.24 |
| Mar 27, 2025 | Mar 28, 2025 | $0.08 |
| Dec 27, 2024 | Dec 31, 2024 | $0.12 |
| Sep 26, 2024 | Sep 30, 2024 | $0.09 |
| Jun 26, 2024 | Jun 28, 2024 | $0.21 |
| Mar 25, 2024 | Mar 28, 2024 | $0.05 |
| Dec 26, 2023 | Dec 29, 2023 | $0.20 |
| Sep 26, 2023 | Sep 29, 2023 | $0.15 |
RPAR Risk
- 11.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.42
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −30.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
RPAR Cost
- The middle half of Capital-Efficient Allocation funds
- Median 0.67%
8 of the 19 Capital-Efficient Allocation funds charge less.