UPAR Ultra Risk Parity ETF

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Key stats

Assets under management (AUM)
‪86.93 M‬USD
Fund flows (1Y)
‪26.72 M‬USD
Dividend yield (indicated)
3.17%
Discount/Premium to NAV
−0.5%

About UPAR Ultra Risk Parity ETF

Issuer
Tidal Investments LLC
Brand
RPAR
Expense ratio
0.65%
Home page
Inception date
Jan 3, 2022
Index tracked
No Underlying Index
Management style
Active
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

Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Global macro
Niche
Risk parity
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Government
ETF
Stocks20.64%
Energy Minerals7.34%
Non-Energy Minerals6.17%
Producer Manufacturing3.00%
Process Industries2.27%
Distribution Services0.97%
Electronic Technology0.47%
Utilities0.23%
Consumer Non-Durables0.12%
Consumer Durables0.07%
Bonds, Cash & Other79.36%
Government49.08%
ETF25.22%
Cash3.73%
Mutual fund1.32%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy