Key stats
About RPAR Risk Parity ETF
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Inception date
Dec 13, 2019
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
RPAR is actively managed yet nonetheless aims to align its exposure to an index, the Advanced Research Risk Parity Index. The index diversifies across four asset classes (TIPS, US Treasurys, global equities and commodities), seeking returns similar to global equities with less risk over time. The logic behind the asset class weighting considers historical volatility of each asset class, aiming for similar risk contribution from each. Per the prospectus, the fund rebalances quarterly to fixed allocation of 35% TIPS, 25% equities. 25% commodities and 15% Treasurys. However, the Treasury allocation includes T-bill collateral for a hefty allocation 10-yr Treasury futures, stated at 60% notional. Thus, the all-in nominal asset allocation is unclear as it sums to more than 100% but a) appears to be skewed to T-Notes and TIPS, consistent with its thesis, and b) implies leverage. RPAR may hold other exchange-traded products to provide the targeted sure.
Related funds
Classification
What's in the fund
Exposure type
Government
ETF
Stocks15.62%
Energy Minerals5.49%
Non-Energy Minerals4.98%
Producer Manufacturing2.40%
Process Industries1.61%
Distribution Services0.63%
Electronic Technology0.33%
Utilities0.19%
Bonds, Cash & Other84.38%
Government44.51%
ETF35.26%
Cash2.40%
Mutual fund2.21%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
RPAR trades at 19.78 USD today, its price has fallen −1.23% in the past 24 hours. Track more dynamics on RPAR price chart.
RPAR net asset value is 19.78 today — it's risen 2.21% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
RPAR assets under management is 518.52 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
RPAR price has risen by 0.58% over the last month, and its yearly performance shows a 1.83% increase. See more dynamics on RPAR price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 2.21% over the last month, showed a 7.71% increase in three-month performance and has increased by 4.47% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 2.21% over the last month, showed a 7.71% increase in three-month performance and has increased by 4.47% in a year.
RPAR fund flows account for −107.81 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
RPAR invests in bonds. See more details in our Analysis section.
RPAR expense ratio is 0.51%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, RPAR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, RPAR technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RPAR shows the buy signal. See more of RPAR technicals for a more comprehensive analysis.
Today, RPAR technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating RPAR shows the buy signal. See more of RPAR technicals for a more comprehensive analysis.
Yes, RPAR pays dividends to its holders with the dividend yield of 2.67%.
RPAR trades at a premium (0.18%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
RPAR shares are issued by Toroso Investments Topco LLC
RPAR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 13, 2019.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.