Key stats
About UPAR Ultra Risk Parity ETF
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Inception date
Jan 3, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US8863645953
UPAR uses leverage in an effort to balance portfolio risk across four asset classes: TIPS, US treasuries, global equities and commodities. It targets an allocation that is 160-180% of the funds net asset value at each quarterly rebalance. The funds asset allocation uses risk-parity approach to target similar risk contributions from each asset class based on their long-term historic volatility. This means that roughly half of UPARs portfolio is made up of relative low-risk assets, TIPS and US treasuries, and half allocated to high risk, equities and commodities. The fund will also use US treasury futures, ADRs/GDRs, repurchase agreements, ETFs tracking broad-based equity index, and other exchange-traded vehicles in achieving its desired exposure. With such investments, UPAR aims to generate returns during economic growth, preserve capital during economic contraction, and preserve rates of return during heightened inflation.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
ETF
Stocks21.70%
Energy Minerals7.77%
Non-Energy Minerals6.90%
Producer Manufacturing3.19%
Process Industries2.13%
Distribution Services0.95%
Electronic Technology0.51%
Utilities0.26%
Bonds, Cash & Other78.30%
Government46.41%
ETF24.15%
Cash6.35%
Mutual fund1.25%
Futures0.13%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
UPAR last dividends amounted to 0.24 USD. The quarter before, the issuer paid 0.09 USD in dividends, which shows a 62.65% increase.
UPAR assets under management is 57.94 M USD. It's risen 3.74% over the last month.
UPAR fund flows account for −23.66 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, UPAR pays dividends to its holders with the dividend yield of 3.62%. The last dividend (Jun 30, 2025) amounted to 0.24 USD. The dividends are paid quarterly.
UPAR shares are issued by Toroso Investments Topco LLC under the brand Evoke. The ETF was launched on Jan 3, 2022, and its management style is Active.
UPAR expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
UPAR follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
UPAR invests in bonds.
UPAR price has risen by 2.37% over the last month, and its yearly performance shows a −1.02% decrease. See more dynamics on UPAR price chart.
NAV returns, another gauge of an ETF dynamics, showed a 7.50% increase in three-month performance and has increased by 3.67% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 7.50% increase in three-month performance and has increased by 3.67% in a year.
UPAR trades at a premium (0.45%) meaning the ETF is trading at a higher price than the calculated NAV.