RPAR ETF — RPAR Risk Parity ETF

RPAR Risk Parity ETF (RPAR)

Updated November 6, 2026.

RPAR is an ETF. Its distribution rate is 1.99%, its trailing-12-month yield is 2.37%, its expense ratio is 0.52%. Dividend Vision Distribution Safety Score™ is 58/100 (Caution). Total return is 26.9% over the past 6.9 years, 128.4 points behind SPY at 155.3%.

RPAR Risk Parity ETF is an actively-managed exchange-traded fund that seeks to build a balanced portfolio across global equities, U.S. Treasury securities, and commodities, targeting exposures similar to those of the Advanced Research Risk Parity Index. The fund carries a modest current distribution rate, distributes quarterly, and has an expense ratio of 0.52%. It appeals to investors seeking diversified income exposure across multiple asset classes with a risk-balanced approach.

RPAR performance versus SPY

As of Nov 5, 2026

Total return is 26.9% over the past 6.9 years, 128.4 points behind SPY at 155.3%. Over the past year its total return — price change plus distributions reinvested — is 3.4%. Its deepest 1-year drawdown was 9.2%.

RPAR key facts

Distribution Safety Score™

58 · Caution

Safety-Adjusted Yield

1.15%

Issuer

Evoke

Asset type

ETF

Asset class

Fixed Income

Inception date

12/12/2019

Expense ratio

0.52%

Distribution rate

1.99%

Distribution frequency

Quarterly

Trailing yield

2.37%

Last close

$21.48 (as of 2026-11-06)

AUM

$552,057,904

Average volume

3,874

Dividend

$0.10709

Ex-dividend date

09/28/2026

Payment date

09/29/2026

Beta

1.1

How Dividend Vision calculates yield and returns

Distribution rate (1.99%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.37%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Evoke; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

RPAR risks and drawbacks

RPAR's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.2%.

Who may consider RPAR — and who may not

It is a weaker fit for investors who need monthly cash flow (RPAR pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on RPAR

• All tickers starting with R

Tagged: Fixed Income.

Frequently asked questions

More securities from Evoke.