Summary
UPAR Ultra Risk Parity ETF is an ETF - a fund traded on an exchange like a stock - run by RPAR. Positions inside: 154. The ten largest make up 108% of the fund.
- Yearly costs
- 0.68%
- Fund size
- $53.5M
- Positions
- 154
- Dividend yield
- 3.35%
- Running since
- 2022
What speaks for it
- Average yearly growth over the last three years: 10%.
What to watch
- The ten largest positions make up 108% of the fund, so its result rests on a few names.
- Costs of 0.68% a year are above the middle of comparable funds (0.44%).
- In the last five years its price once dropped by 43% from its high.
- A small fund with $53.5M under management; small funds get closed more often.
- It trades little: only about $140.4K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.1%
- 3 months
- -2.0%
- This year
- -0.6%
- 1 year
- -1.6%
- 3 years
- +34%
- Avg. market cap
- $208.0B
- P/E
- 16.2x
- Forward P/E
- 10.3x
- P/S
- 1.3x
- P/B
- 2.2x
- P/FCF
- 13.4x
- EV/EBITDA
- 7.2x
- Dividend yield
- 14.59%
- ROIC
- 9.9%
- ROE
- 17.9%
- Gross margin
- 36.0%
- Operating margin
- 23.0%
- Net margin
- 13.7%
- Payout ratio
- 235.9%
- Net debt/EBITDA
- 0.9x
- Beta
- 1.54
Weighted average of the 50 largest companies, which make up 18% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 US 10YR NOTE (CBT)Dec26 25%
- 2 US ULTRA BOND CBT Dec26 25%
- 3 SP500 MIC EMIN FUTDec26 15%
- 4 GLSPDR Gold MiniShares Trust GLDM 14%
- 5 MSCI EmgMkt Dec26 5.3%
- 6 United States Treasury Inflation Indexed Bonds 1.375% 02/15/2044 5.2%
- 7 VWVanguard FTSE Emerging Markets ETF VWO 4.8%
- 8 United States Treasury Inflation Indexed Bonds 0.625% 02/15/2043 4.6%
- 9 MSCI EAFE Dec26 4.6%
- 10 United States Treasury Inflation Indexed Bonds 0.75% 02/15/2045 4.4%
Positions in the fund: 154. The ten largest make up 108% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy sector
- Technology 20%
- Basic materials 18%
- Energy 17%
- Industrials 13%
- Financials 11%
- Other 22%
By country
- United States 20%
- United Kingdom 1.7%
- Canada 1.2%
- Australia 1.1%
- Other countries 76%
Largest sector: Technology (20%). Largest country: United States (20%).
What does it cost me?
Expensive- A year from $10,000
- $68.00
- Over 20 years
- $3,233
From every $10,000 invested the fund takes $68.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,233.
How has it done?
Growing over the long run- A year on average, 3 years
- +10%
- Deepest drop
- -43%
- Yearly volatility
- 15%
Average yearly growth over the last three years: 10%. Deepest drop in these years: 43% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 3.35%
- Payments a year
- 4
- Last payment
- $0.11
Over the last 12 months it paid $0.52 per share, which is 3.35% of today's price. The last payment was $0.11 on Sep 28, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $140.4K
- Shares a day
- 9.1K
On an average day about $140.4K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 16.2
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 10%
- Fairly valued 29%
- Overvalued 60%
On average the companies inside trade for 16.2 times their yearly profit. By Fair Price, 60% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 18% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
RP RPAR RPAR Risk Parity ETF | United States | 0.52% | $556.8M | -0.2% | Pays out | 32% |