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ETFs

UPAR Ultra Risk Parity ETF

UPAR
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Jan 03 2022
Expense Ratio
0.65%
Type
Global Diversified
Fund Owner
Evoke Advisors
Volume (1m avg. daily)
$184,752
AUM
$65,424,287
Associated Index
None
Inverse/Leveraged
leveraged (1.6x to 1.8x)
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

GLDM
World Gold Trust - SPDR Gold MiniShares Trust
14.81%
n/a
Cash & Other
6.82%
n/a
UNITED STATES TREAS BDS TIPS 02/15/40 1.375% 02/15/2044
5.81%
n/a
TSY INFL IX N/B 0 3/4 02/15/45 0.75% 02/15/2045
5.56%
n/a
TSY INFL IX N/B 0.625% 02/15/2043
5.34%
T4UB
United States Of America - 2.125% BD REDEEM 15/02/2041 USD 100
5.29%
n/a
UNITED STATES TREAS BDS TIPS .75% 02/15/42 0.75% 02/15/2042
5.14%
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
4.88%
n/a
UNITED STATES TREAS BDS 1% 02/15/2046
4.61%
n/a
TSY INFL IX N/B 1% 02/15/2048
4.53%
Invest with UPAR

What is UPAR?

The Fund is an actively-managed exchange-traded fund that seeks to replicate the returns of the Advanced Research Ultra Risk Parity Index. The UPAR Index is designed to provide leveraged exposure to the Advanced Research Risk Parity Index. The Fund and the UPAR Index will utilize leverage in an effort to balance portfolio risk across four major asset classes Global Equities, Commodities (through commodity producer equities and gold), U.S. Treasury Inflation Protected Securities (TIPS), and U.S. Treasuries. Ultra in the Funds name refers to the use of leverage to enhance returns. Through the use of leverage, the Fund targets an allocation that is 1.60 to 1.80 times of net asset value. The use of leverage may magnify the effect of any decrease or increase in the value of the Funds portfolio holdings over time relative to a fund that does not utilize leverage.

ETFs related toUPAR

ETFs correlated to UPAR include RPAR, DIAL, AOK

UPAR
Tidal ETF Trust - UPAR Ultra Risk Parity ETF
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
SWAN
Amplify ETF Trust - Amplify BlackSwan Growth & Treasury Core ETF
CGCP
Capital Group Companies Inc - Capital Group Core Plus Income ETF
FBND
Fidelity Covington Trust - Fidelity Total Bond ETF
PCY
Invesco Capital Management LLC - Invesco Emerging Markets Sovereign Debt ETF
EBND
SPDR Series Trust - SPDR Bloomberg Emerging Markets Local Bond ETF
IGEB
BlackRock Institutional Trust Company N.A. - iShares Investment Grade Bond Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUPAR

#DYNAM

Dynamic Stocks and Bonds

Category

Getting Defensive

Risk Rating

Moderate

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UPAR using Composer

FAQ

UPAR is a Global Diversified ETF. The Fund is an actively-managed exchange-traded fund that seeks to replicate the returns of the Advanced Research Ultra Risk Parity Index. The UPAR Index is designed to provide leveraged exposure to the Advanced Research Risk Parity Index. The Fund and the UPAR Index will utilize leverage in an effort to balance portfolio risk across four major asset classes Global Equities, Commodities (through commodity producer equities and gold), U.S. Treasury Inflation Protected Securities (TIPS), and U.S. Treasuries. Ultra in the Funds name refers to the use of leverage to enhance returns. Through the use of leverage, the Fund targets an allocation that is 1.60 to 1.80 times of net asset value. The use of leverage may magnify the effect of any decrease or increase in the value of the Funds portfolio holdings over time relative to a fund that does not utilize leverage.

Yes, UPAR is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, UPAR is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UPAR is 0.021%. This is the percent change in the value of UPAR over the most recent 1-month period. The 3-month return on UPAR is 0.0319%. This is the percent change in the value of UPAR over the most recent 3-month period.

The standard deviation of UPAR for the past year is 0.2412%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UPAR include SDS, SH, and PSQ.

ETFs correlated to UPAR include RPAR, DIAL, and AOK.

ETFs that are inversely correlated to UPAR include SJB, TBX, and EFZ.

Yes, UPAR is a leveraged (1.6x to 1.8x) ETF.

Yes, UPAR is a leveraged (1.6x to 1.8x) leveraged ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.