RPAR ETF — RPAR Risk Parity ETF

RPAR Risk Parity ETF (RPAR)

RPAR is an ETF. its distribution rate is 2.42%, its trailing-12-month yield is 2.42%, its expense ratio is 0.52%. Dividend Vision Distribution Safety Score™ is 72/100 (Generally safe). Total return is 29.0% over the past 6.8 years, 136.3 points behind SPY at 165.3%.

At the current 2.42% distribution rate, a $10,000 investment would generate approximately $242 per year, or about $60.50 per quarter if the next payment matches the last regular one.

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

Price and return data through 2026-09-18.

Total return is 29.0% over the past 6.8 years, 136.3 points behind SPY at 165.3%. Over the past year its total return — price change plus distributions reinvested — is 7.5%. Its deepest 1-year drawdown was 8.1%.

RPAR key facts

Distribution Safety Score™

72 · Generally safe

Safety-Adjusted Yield

1.74%

Issuer

Evoke

Asset type

ETF

Asset class

Fixed Income

Inception date

12/12/2019

Expense ratio

0.52%

Distribution rate

2.42%

Distribution frequency

Quarterly

Trailing yield

2.42%

Last close

$21.98 (as of 2026-09-18)

NAV

$22.06

Premium / discount

0.36% discount

AUM

$574,680,188

Average volume

2700.0

Last dividend

$0.292

Last ex-dividend date

06/29/2026 (as of 2026-06-29)

Last payment date

06/30/2026 (as of 2026-06-30)

Beta

1.1

P/E ratio

18.5529

How Dividend Vision calculates yield and returns

Distribution rate (2.42%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (2.42%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. 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.

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 8.1%.

Who may consider RPAR — and who may not

RPAR may suit someone looking for moderate current income with a quality tilt. 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.

Frequently asked questions

More securities from Evoke.