UPAR Ultra Risk Parity ETFUPAR

$15.14

−1.0% last session

+0.8% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Dec 31, 2025 – Nov 3, 2026UPARS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−1.0%	+1.2%	−5.3%	+0.8%	+1.1%	+46.7%	—	−10.1%
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $55M
Expense ratio: 0.68%
Distribution yield: 3.4%
NAV: $15.35
Volume: 4K
Avg. volume 30D: 6K
High today: $15.25
Low today: $15.11
Previous close: $15.29
52-week high: $17.71
52-week low: $14.77
Our risk indicator: 4/5

UPAR in One Breath

UPAR Among Its Peers

YTD

#1UPARRPAR+0.8%$54.9M

End-of-day Nov 4, 2026 · 1 ETFs by YTD

$10,000 in UPAR

$10,000 in UPAR became

$8,990

In the S&P 500 (VOO)

$16,882

Total return, dividends in · Jan 4, 2022 – Nov 3, 2026 · S&P 500 uses VOO

UPAR’s Top Holdings

Today

GLDMSPDR Gold MiniShares Trust7.5%912810RF73.0%912810RA82.7%VWO2.6%912810RL42.6%912810RR12.4%912810SB52.3%912810RW02.3%912810TP32.0%912810TY42.0%VXF1.9%912810QV31.9%912810SG41.9%912810UH91.8%912810SM11.4%VEA1.4%912810SV11.1%XOM1.1%912810TE81.1%DE1.0%912810US50.8%FGXXX0.7%

EnergyIndustrialsFinancial ServicesOther

RPAR UPAR · 10 holdings · tile size = share of the fund · as of Nov 3, 2026

What UPAR Holds

Today

Technology20.2%

[…]

Basic Materials17.9%

BHP · SCCO · RIO · FCX · GLEN.L · VYLR · AAL.L

Energy16.6%

XOM 1.1 · CVX · SHEL · TTE · COP · BP · CNQ.TO

Industrials12.7%

DE · VWS.CO · 6326.T · CNH · TTC · GEBN.SW · VIE.PA

Financial Services13.5%

GLDM 7.5 · VWO 2.6 · VXF 1.9 · VEA 1.4

Consumer Cyclical5.5%

[…]

Healthcare5.1%

[…]

RPAR UPAR · share of the fund by sector · as of Nov 3, 2026

SPDR’s Share of UPAR

Today

7.5%

$75 of every $1,000 in UPAR is SPDR

SPDR held by UPAR

$4.1M

Most SPDR per dollar

TACK12.5%

LENS8.0%

USAF7.7%

UPAR7.5%

RPAR UPAR · each square = $10 of $1,000 · as of Nov 3, 2026

UPAR’s Size vs Its Peers

Today

$54.9Mthe largest ETF

AUM · UPAR and the 0 largest peers · Nov 4, 2026

UPAR Fee per $100 vs Peers

Today

$0.68a year
per $100

$68 a year on $10,000

UPAR$0.68

Expense ratio · peers · Nov 4, 2026

Inside UPAR

10 holdings · as of Nov 3, 2026

UPAR

UPAR Ultra Risk Parity ETF

Today

Technology20.2%Basic Materials17.9%21 more holdings15.8% of the fundEnergy16.6%XOMCVXSHELTTE25 moreIndustrials12.7%12 more holdings11.7% of the fundFinancial Services13.5%GLDM7.5%VWOVXFVEAConsumer Cyclical5.5%Healthcare5.1%Communication Services4.3%Consumer Defensive3.5%Other30.0%912810RF73.0%912810RA82.7%912810RL42.6%5 more

Technology20.2%Basic Materials17.9%21 moreEnergy16.6%XOMCVX25 moreIndustrials12.7%12 moreFinancial Services13.5%GLDM7.5%VWOVXFVEAConsumer Cyclical5.5%Healthcare5.1%Communication Services4.3%Consumer Defensive3.5%Other30.0%13 more

#	Ticker	Company	Weight ▼
1	GLDM	SPDR Gold MiniShares Trust	7.55%
2	912810RF	United States Treasury Inflation Indexed Bonds 1.375% 02/15/2044	3.03%
3	912810RA	United States Treasury Inflation Indexed Bonds 0.625% 02/15/2043	2.65%
4	VWO	Vanguard FTSE Emerging Markets ETF	2.62%
5	912810RL	United States Treasury Inflation Indexed Bonds 0.75% 02/15/2045	2.58%
6	912810RR	United States Treasury Inflation Indexed Bonds 1% 02/15/2046	2.37%
7	912810SB	United States Treasury Inflation Indexed Bonds 1% 02/15/2048	2.32%
8	912810RW	United States Treasury Inflation Indexed Bonds 0.875% 02/15/2047	2.31%
9	912810TP	United States Treasury Inflation Indexed Bonds 1.5% 02/15/2053	1.97%
10	912810TY	United States Treasury Inflation Indexed Bonds 2.125% 02/15/2054	1.96%

TechnologyBasic MaterialsEnergyIndustrialsFinancial ServicesConsumer CyclicalHealthcareCommunication ServicesConsumer DefensiveUtilitiesReal EstateOther

RPAR UPAR · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 44.0%

How It Compares

UPAR

UPAR Ultra Risk Parity ETF’s Peers

YTD

UPAR has no close peers in our data yet: […]

Similar peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

UPAR vs VOO

YTD

UPAR · UPAR Ultra Risk Parity

+0.8%

VOO · S&P 500

+11.5%

Gap

10.7 pts

RPAR UPAR and Vanguard VOO · YTD total return · as of Nov 4, 2026

UPAR vs Its Peer Average

YTD

UPARAvsBPeer average

1D−1.0%[…]

1M+1.2%[…]

3M−5.3%[…]

YTD+0.8%[…]

1Y+1.1%[…]

3Y+46.7%[…]

0–0level

0 peers · each row scaled to its leader

The Details

UPAR

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y15.19%

Deepest drop · 1Y−13.5%

Lowest point · 5Y−37.5%

52-week range

$15.14

$14.77−14.5% from the high$17.71

RPAR UPAR · past-year price moves · as of Nov 4, 2026

UPAR

Fund Facts

Today

2022launched Jan 3

Tracks[…]

Exchange · CUSIPAMEX · 886364595

StructureETF

Leverage1x

Cost on $10,000$68 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

RPAR UPAR · fund facts · as of Nov 4, 2026

UPAR

Payouts by Year

$0.11per share, Sep 2026

Distribution yield3.4%

PaidEvery quarter

Latest ex-date · paidSep 28 · Sep 29, 2026

12 payouts added up$1.50 a share

RPAR UPAR · distributions by ex-date · 2022–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2024-12-31 ↗SEC reported portfolio · 2024-09-30 ↗SEC reported portfolio · 2024-06-30 ↗

Trading & Liquidity

Net asset value$15.35

Premium / discount[…]

Median spread · 30D[…]

Volume today4K

Average volume · 30D6K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.68%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$68.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 28, 2026	Sep 29, 2026	$0.11
Jun 29, 2026	Jun 30, 2026	$0.33
Mar 27, 2026	Mar 30, 2026	$0.0283
Dec 29, 2025	Dec 30, 2025	$0.0499
Sep 29, 2025	Sep 30, 2025	$0.13
Jun 27, 2025	Jun 30, 2025	$0.24
Mar 27, 2025	Mar 28, 2025	$0.0901
Dec 27, 2024	Dec 31, 2024	$0.13
Sep 26, 2024	Sep 30, 2024	$0.0609
Jun 26, 2024	Jun 28, 2024	$0.19
Mar 25, 2024	Mar 28, 2024	$0.0475
Dec 26, 2023	Dec 29, 2023	$0.0948

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