RPAR vs IIM

Comparison between RPAR RISK PARITY ETF (RPAR, ETF) and Invesco Value Municipal Income Trust (IIM, ETF).

5-Year PerformanceRPAR has outperformed IIM, delivering a return of +0.7% compared to +0.5%

RPAR vs IIM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	RPAR(ETF)	IIM(ETF)
Net Assets	$586M	$587M
Expense Ratio	0.52%	N/A
Max Drawdown	34.80%	46.54%
Sharpe Ratio	0.89	1.39
5Y Beta	0.39	0.19
5Y Dividends CAGR	18.12%	4.35%

Net Assets

RPAR

$586M

Winner

IIM

$587M

Expense Ratio

RPAR

0.52%

IIM

N/A

Max Drawdown

Winner

RPAR

34.80%

IIM

46.54%

Sharpe Ratio

RPAR

0.89

Winner

IIM

1.39

5Y Beta

RPAR

0.39

Winner

IIM

0.19

5Y Dividends CAGR

Winner

RPAR

18.12%

IIM

4.35%

RPAR vs IIM - Historical Returns

Returns include dividend reinvestment.

Period	RPAR	IIM
1 month	-2.06%	+0.76%
3 months	-2.70%	+4.69%
6 months	-0.38%	+6.53%
1 year	+12.50%	+19.79%
5 years(CAGR)	+0.72%	+0.53%
10 years(CAGR)	N/A	+2.33%
Max(CAGR)	+3.88%	+5.62%

RPAR

-2.06%

Winner

IIM

+0.76%

RPAR

-2.70%

Winner

IIM

+4.69%

RPAR

-0.38%

Winner

IIM

+6.53%

RPAR

+12.50%

Winner

IIM

+19.79%

5Y(CAGR)

Winner

RPAR

+0.72%

IIM

+0.53%

10Y(CAGR)

RPAR

N/A

IIM

+2.33%

Max(CAGR)

RPAR

+3.88%

Winner

IIM

+5.62%

RPAR vs IIM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	RPAR	IIM
2026	+2.73%	+6.32%
2025	+17.50%	+10.49%
2024	+0.60%	+8.05%
2023	+5.47%	+1.96%
2022	-22.43%	-24.99%
2021	+6.70%	+14.43%
2020	+17.68%	+6.40%
2019	+0.11%	+16.89%
2018	N/A	-3.94%
2017	N/A	+6.76%
2016	N/A	-6.13%
2015	N/A	+4.87%
2014	N/A	+27.82%
2013	N/A	-15.82%
2012	N/A	+10.32%
2011	N/A	+26.65%
2010	N/A	+2.22%
2009	N/A	+35.02%
2008	N/A	-16.26%
2007	N/A	-1.26%
2006	N/A	+9.16%
2005	N/A	+6.85%
2004	N/A	+0.01%
2003	N/A	+13.26%
2002	N/A	+10.83%
2001	N/A	+8.90%
2000	N/A	+9.86%
1999	N/A	-5.21%

RPAR vs IIM Drawdown Comparison

The maximum drawdown for RPAR was -30.14%, occurring on Oct 20, 2022. Recovery took 1055 trading sessions.

The maximum drawdown for IIM was -40.17%, occurring on Oct 10, 2008. Recovery took 364 trading sessions.

The current RPAR drawdown is -6.21%. The current IIM drawdown is -2.65%.

Rank	RPAR	IIM
#1	-30.14% Nov 9, 2021 - Jan 26, 2026	-40.17% Feb 12, 2008 - Jul 23, 2009
#2	-19.82% Mar 6, 2020 - Jun 10, 2020	-35.72% Dec 31, 2021 - Jul 2, 2026
#3	-8.10% Feb 27, 2026 - Mar 20, 2026	-28.68% Mar 6, 2020 - Nov 30, 2020
#4	-6.37% Jan 20, 2021 - Jun 1, 2021	-21.70% Jan 9, 2013 - Oct 3, 2014
#5	-5.82% Aug 6, 2020 - Nov 20, 2020	-18.68% Jul 11, 2016 - Aug 2, 2019
#6	-3.82% Sep 15, 2021 - Oct 26, 2021	-17.73% Sep 8, 2010 - Aug 22, 2011
#7	-2.81% Jan 29, 2026 - Feb 10, 2026	-16.13% Jan 29, 2015 - Jan 4, 2016
#8	-2.70% Feb 21, 2020 - Mar 5, 2020	-13.63% Mar 8, 2004 - Jun 16, 2005
#9	-2.10% Aug 3, 2021 - Sep 15, 2021	-13.17% Mar 9, 2012 - Jan 2, 2013
#10	-2.07% Jun 10, 2020 - Jul 2, 2020	-10.27% Nov 4, 1999 - Jul 6, 2000
#11	-1.79% Jun 10, 2021 - Jul 2, 2021	-10.27% Sep 13, 2000 - Jan 8, 2001
#12	-1.41% Jan 5, 2021 - Jan 20, 2021	-9.06% Jun 16, 2003 - Dec 16, 2003
#13	-1.26% Oct 27, 2021 - Nov 5, 2021	-8.74% May 15, 2007 - Jan 14, 2008
#14	-1.10% Nov 27, 2020 - Dec 3, 2020	-7.97% Sep 14, 2021 - Dec 31, 2021
#15	-0.94% Dec 16, 2019 - Jan 2, 2020	-7.40% Oct 8, 2009 - Dec 17, 2009

Correlation

Correlation between RPAR and IIM is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2000 - 2026)

RPAR vs IIM dividend yield comparison.

Year	RPAR	IIM
2026	1.40%	4.29%
2025	2.54%	7.51%
2024	2.51%	6.58%
2023	3.16%	4.72%
2022	4.01%	5.87%
2021	2.02%	4.51%
2020	0.76%	4.48%
2019	0.23%	4.61%
2018	0.00%	5.43%
2017	0.00%	4.99%
2016	0.00%	5.52%
2015	0.00%	5.20%
2014	0.00%	5.49%
2013	0.00%	6.67%
2012	0.00%	5.35%
2011	0.00%	5.50%
2010	0.00%	6.44%
2009	0.00%	5.70%
2008	0.00%	7.39%
2007	0.00%	5.22%
2006	0.00%	5.82%
2005	0.00%	6.10%
2004	0.00%	6.47%
2003	0.00%	8.03%
2002	0.00%	5.82%
2001	0.00%	5.68%
2000	0.00%	2.54%