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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
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
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
RPAR last dividends amounted to 0.24 USD. The quarter before, the issuer paid 0.08 USD in dividends, which shows a 65.15% increase.
RPAR assets under management is 518.52 M USD. It's risen 1.27% over the last month.
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.
Yes, RPAR pays dividends to its holders with the dividend yield of 2.67%. The last dividend (Jun 30, 2025) amounted to 0.24 USD. The dividends are paid quarterly.
RPAR shares are issued by Toroso Investments Topco LLC under the brand Evoke. The ETF was launched on Dec 13, 2019, and its management style is Active.
RPAR expense ratio is 0.51% meaning you'd have to pay 0.51% of your investment to help manage the fund.
RPAR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
RPAR invests in bonds.
RPAR price has risen by 0.58% over the last month, and its yearly performance shows a 1.96% 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 trades at a premium (0.18%) meaning the ETF is trading at a higher price than the calculated NAV.