UPAR Ultra Risk Parity ETF (UPAR)

Assets	$64.58M
Expense Ratio	0.65%
PE Ratio	n/a
Shares Out	4.10M
Dividend (ttm)	$0.51
Dividend Yield	3.25%
Ex-Dividend Date	Dec 29, 2025
Payout Frequency	Quarterly
Payout Ratio	n/a

Volume	n/a
Open	n/a
Previous Close	15.60
Day's Range	n/a
52-Week Low	12.02
52-Week High	15.80
Beta	1.06
Holdings	107
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: Moderate Allocation
• Region: North America
• Stock Exchange: NYSEARCA
• Ticker Symbol: UPAR
• ETF Provider: Tidal

Top 10 Holdings

105.37% of assets

Name	Symbol	Weight
10 Year Treasury Note Future Mar 26	n/a	23.90%
Ultra US Treasury Bond Future Mar 26	n/a	23.07%
SPDR Gold Minishares Trust of beneficial interest	GLDM	15.09%
Micro E-mini S&P 500 Index Future Mar 26	n/a	14.32%
MSCI Emerging Markets Index Future Mar 26	n/a	5.70%
United States Treasury Bonds 1.38%	TII.1.375 02.15.44	4.97%
Vanguard FTSE Emerging Markets ETF	VWO	4.94%
MSCI EAFE Index Future Mar 26	n/a	4.57%
United States Treasury Bonds 1%	TII.1 02.15.46	4.42%
United States Treasury Bonds 0.75%	TII.0.75 02.15.42	4.38%

Dividends

Ex-Dividend	Amount	Pay Date
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
Sep 26, 2024	$0.0609	Sep 30, 2024

Performance

UPAR had a total return of 25.28% in the past year, including dividends. Since the fund's inception, the average annual return has been -2.84%.