RPAR vs SPY
RPAR Risk Parity ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, RPAR or SPY?
Debt-oriented balanced against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RPAR | SPY |
|---|---|---|
| Expense Ratio | 0.52% | 0.09%Best |
| AUM | $581M | $804.7B |
| Dividend Yield | 2.37% | 0.98% |
| Holdings | 138 | 505 |
| YTD Return | +3.50% | +11.52%Best |
| 1Y Return | +8.17% | +17.48%Best |
| 3Y Return (annualized) | +9.14% | +20.62%Best |
| 5Y Return (annualized) | +0.50% | +12.73%Best |
| Volatility (annualized) | 13.3%Best | 16.9% |
| Max Drawdown | -30.2%Best | -34.1% |
| $10,000 over 5 years | $10,253 | $18,205Best |
| Fund Family | Rpar ETF | State Street Investment Management |
| Category | Allocation/Balanced | Equity |
| Style | Debt-oriented balanced | Large Cap Blend |
| Inception | Dec 12, 2019 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Dec 13, 2019 to Sep 10, 2026 (6.7 years).
RPAR vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.7 years both funds cover.
RPAR vs SPY Performance
RPAR Risk Parity ETF (RPAR) is an ETF from Rpar ETF and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year RPAR returned +8.17% while SPY returned +17.48%. Year to date, RPAR is up 3.50% versus a gain of 11.52% for SPY.
Over three years, RPAR compounded at +9.14% per year against +20.62% for SPY; over five years the annualized figures are +0.50% and +12.73% respectively. Across the full 7-year window we track, SPY has the edge at +15.04% annualized vs +3.75%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 16.9% compared with 13.3% for RPAR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -30.2% for RPAR and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RPAR charges 0.52% per year while SPY charges 0.09%. On a $10,000 position that is $52 vs $9 annually, a gap of $43 per year that compounds over a long holding period. On income, RPAR currently yields 2.37% against 0.98% for SPY.
Holdings Overlap
At least 2.7% of SPY's money is in holdings RPAR also owns.
Stated as a floor: for RPAR, our book for it covers 52.4% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
SPY and RPAR share little of their money.
19 positions in common, counted across the 130 positions we hold weights for in RPAR and 504 in SPY, against full books of 138 and 505.
Top Shared Holdings
| Stock | Weight in RPAR | Weight in SPY | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 1.33% | 0.96% | 0.37% |
| DEDeere & Co. | 1.28% | 0.23% | 1.05% |
| CVXChevron Corp. | 0.78% | 0.54% | 0.24% |
| COPConocophillips Co | 0.29% | 0.22% | 0.07% |
| CTVACorteva Inc. | 0.39% | 0.08% | 0.31% |
| EOGEog Resources Inc | 0.18% | 0.11% | 0.07% |
| ECLEcolab, Inc. | 0.18% | 0.11% | 0.07% |
| DVNDevon Energy Corp. | 0.14% | 0.08% | 0.06% |
| FANGDiamondback Energy Inc. | 0.14% | 0.06% | 0.08% |
| OXYOccidental Petroleum Corp. | 0.13% | 0.06% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of RPAR and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, RPAR or SPY?
RPAR has an expense ratio of 0.52% while SPY charges 0.09%. SPY is the cheaper option, by $43 a year on a $10,000 investment.
Which performed better, RPAR or SPY?
Over the past year RPAR returned +8.17% vs +17.48% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (7 years), RPAR annualized +3.75% vs +15.04% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RPAR or SPY?
SPY has been the more volatile fund at 16.9% annualized versus 13.3% for RPAR. Worst drawdown: RPAR -30.2% vs SPY -34.1%.
Should I hold both RPAR and SPY?
RPAR and SPY have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between RPAR and SPY?
At least 2.7% of SPY's money is in holdings RPAR also owns. Our book for RPAR is partial, so the real figure is this or higher. They hold 19 positions in common, counted across the 130 positions we hold weights for in RPAR and 504 in SPY.
Which pays a higher dividend, RPAR or SPY?
RPAR yields 2.37% while SPY yields 0.98%, so RPAR currently pays the higher dividend yield.
Is SPY better than RPAR?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.