UPAR Ultra Risk Parity ETF (UPAR)

Assets	$66.45M
Expense Ratio	0.68%
PE Ratio	n/a
Shares Out	3.95M
Dividend (ttm)	$0.45
Dividend Yield	2.64%
Ex-Dividend Date	Mar 27, 2026
Payout Frequency	Quarterly
Payout Ratio	n/a

Volume	210,422
Open	16.95
Previous Close	16.87
Day's Range	16.90 - 16.95
52-Week Low	13.48
52-Week High	17.71
Beta	0.99
Holdings	159
Inception Date	Jan 3, 2022

About UPAR

Fund Home Page

The UPAR Ultra Risk Parity ETF (UPAR) is an exchange-traded fund that mostly invests in global macro alternatives. The fund is actively managed to provide leveraged exposure to an index that allocates to four major asset classes: global equities, US Treasurys, commodities and TIPS based on risk parity. UPAR was launched on Jan 3, 2022 and is issued by Tidal.

• Asset Class: Alternatives
• Category: Tactical Allocation
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: UPAR
• ETF Provider: Tidal

Top 10 Holdings

117.15% of assets

Name	Symbol	Weight
10 Year Treasury Note Future Sept 26	n/a	26.40%
Ultra US Treasury Bond Future Sept 26	n/a	25.77%
Micro E-mini S&P 500 Index Future June 26	n/a	18.49%
SPDR Gold Minishares Trust of beneficial interest	GLDM	14.22%
MSCI Emerging Markets Index Future June 26	n/a	7.64%
Vanguard FTSE Emerging Markets ETF	VWO	5.51%
United States Treasury Bonds 1.38%	TII.1.375 02.15.44	5.12%
MSCI EAFE Index Future June 26	n/a	5.06%
United States Treasury Bonds 1%	TII.1 02.15.46	4.54%
United States Treasury Bonds 0.75%	TII.0.75 02.15.42	4.39%

Dividend History

Ex-Dividend	Amount	Pay Date
Mar 27, 2026	$0.02826	Mar 30, 2026
Dec 29, 2025	$0.04989	Dec 30, 2025
Sep 29, 2025	$0.12644	Sep 30, 2025
Jun 27, 2025	$0.2412	Jun 30, 2025
Mar 27, 2025	$0.0901	Mar 28, 2025
Dec 27, 2024	$0.12714	Dec 31, 2024

Performance

UPAR had a total return of 29.43% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.75%.