RPAR

RPAR Risk Parity ETF
*Unless otherwise stated, data provided by FactSet.

RPAR Fund Description

RPAR is an actively managed fund-of-funds allocating to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity.

RPAR Factset Analytics Insight

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.

RPAR MSCI ESG Analytics Insight

RPAR Risk Parity ETF has an MSCI ESG Fund Rating of A based on a score of 6.25 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. RPAR Risk Parity ETF ranks in the 68th percentile within its peer group and in the 81st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

RPAR Charts And Performance

Price Chart ($)
Total Return Chart (%)
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PERFORMANCE [as of 05/21/20] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
RPAR 1.94% -2.28% 1.89% -- -- -- --
ticker (NAV) 3.04% -2.21% 2.27% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

RPAR Summary Data

RPAR
12/13/19
Open-Ended Fund
0.50%
$457.15M
$4.47M
0.15%

RPAR Portfolio Data

Tactical Asset Allocation
--
N/A
96

RPAR Index Data

No Underlying Index
Proprietary
Proprietary
N/A

RPAR Portfolio Management

0.50%
--
--
--

RPAR Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

RPAR Fund Structure

Open-Ended Fund
No
--
No Policy
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

RPAR Factset Analytics Block Liquidity

As of 05/22/20
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of RPAR. RPAR is rated a N/A out of 5.

RPAR Tradability

225,461
$4.47M
132,850
$2.67M
0.15%
$0.03
0.29%
1.39% / -1.10%
None
--
25,000
5.31
0.19%
--
0
$20.50
N/A

RPAR Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

RPAR Top 5 Holdings Long

12.11%
10.38%

RPAR Top 5 Holdings Short

--

RPAR Performance Statistics

--
--
--
0.50
1.45
-0.09
-1.97

RPAR Correlations (Daily Returns 12 Mo)

--
--
--

RPAR MSCI ESG Ratings

6.25 / 10
81.37
67.69
1.96%
1.26%
485.04