RPAR Risk Parity ETF

RPAR Risk Parity ETF, from Tidal Financial Group, is an actively managed fund that tracks the Advanced Research Risk Parity Index. It spreads risk evenly across global stocks, commodities (gold and commodity-producer stocks), long-term inflation-protected Treasuries (TIPS) and regular Treasuries. Because calmer assets get larger weights, it uses Treasury futures to add bond exposure, which is a form of leverage. It charges 0.52% a year and pays income quarterly.

• Over the year to Oct 27, 2026, RPAR returned +2.1%.
• Its 5-year annualized return was 0.0%.
• Its worst full calendar year was 2022 (-22.8%); its best was 2025 (+17.9%).
• The deepest fall in its price history was 30.2% (Nov 9, 2021 to Oct 20, 2022), recovered by Jan 26, 2026.

As of Jun 30, 2026, the fund held 146 securities; the ten largest made up 63.04% of assets, and 5.92% sat in cash and money-market holdings.

The bonds mature in 16.4 years on average (weighted by size), with an average coupon of 0.81%.

• Over the three months to Jun 30, 2026, investors withdrew a net $3K (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.27%, +0.96%, -1.76%.

The fund is actively managed, but it mostly follows a rulebook. The adviser aims to copy the exposures of the Advanced Research Risk Parity Index, built by Advanced Research Investment Solutions (ARIS). "Risk parity" means each of four asset classes should add about the same amount of risk, 25% each, based on how much it has swung in price over the long run. Calmer assets therefore get more money. The long-term targets are 35% in TIPS maturing in 15 or more years, 25% in global stocks, 25% in commodities and 15% in Treasury bills.

Those Treasury bills back positions in 10-year Treasury note and Ultra Treasury Bond futures. A futures contract gives the fund bond exposure without paying the full price up front, so total exposure can exceed the fund's assets. The prospectus warns that this leverage can magnify losses. Stocks and gold come mostly through other ETFs. As of June 30, 2026, the largest positions were Vanguard Total Stock Market ETF (12.8%), a Treasury bill (11.7%), SPDR Gold MiniShares Trust (9.3%), Vanguard FTSE Emerging Markets ETF (7.7%) and Vanguard FTSE Developed Markets ETF (5.1%). A long list of individual TIPS came next.

The index rebalances quarterly. The adviser normally trades to match it rather than picking whatever looks attractive, and turnover was 17%. The bonds averaged 16.4 years to maturity as of June 30, 2026, so rising interest rates can hurt the fund.

• RPAR charges 0.52% a year.
• Of that, 0.5% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $53 in the first year and $653 over 10 years (assuming a 5% annual return).

It holds gold, commodity producers and long-term TIPS alongside global stocks, but its 2022 losses show it is not a reliable defensive holding.

RPAR adds assets that often move differently from a stock-heavy portfolio, such as gold, commodity-producer stocks and inflation-linked bonds. Its record also shows the limits. It lost 22.81% in 2022, its worst calendar year, including 15.8% in the second quarter alone. Its deepest drop, 30.2% from November 9, 2021 to October 20, 2022, took about 39 months to recover (January 26, 2026). Anyone who had to sell shares in late 2022 to cover spending would have locked in those losses. The fund launched in December 2019, so it has no 2008 record. It returned 19.35% in 2020.

The trailing yield was 2.35% as of October 27, 2026, paid quarterly. Costs are 0.52% a year, or $53 in the first year under the SEC's $10,000 example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.

No close alternatives found.