UPAR Performance — UPAR Ultra Risk Parity ETF
Data updated: 2026-08-25
UPAR returned +6.77% year to date and +19.35% over one year to Jun 2026. The annualised 3-year return is +9.33%. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $131, against $157 for the category, and to $119 over one year, against $121. Volatility over the past three years was 16.20% a year. In the 12 months to Jun 2026 the fund lost a net $7.7M, and assets reached $59.17M.
UPAR Growth of $100
What $100 invested in UPAR Ultra Risk Parity ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | UPAR | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $119 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $131 | $157 |
| Since data start (Jan 2022 – Jun 2026) | $96 | $145 |
UPAR Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.77% |
| 1 year | +19.35% |
| 3 years (annualised) | +9.33% |
UPAR Annual Returns
Calendar-year total returns of UPAR Ultra Risk Parity ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +6.77% |
| 2025 | +24.35% |
| 2024 | −2.78% |
| 2023 | +6.77% |
| 2022 | −30.62% |
UPAR Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.9% | +7.1% | −8.0% | +3.3% | +1.6% | −2.4% | — | — | — | — | — | — |
| 2025 | +3.3% | +3.9% | +0.1% | −1.6% | +0.4% | +4.8% | −0.5% | +3.0% | +5.7% | +2.6% | +0.8% | −0.2% |
| 2024 | −3.2% | −0.7% | +4.8% | −5.4% | +4.2% | +1.2% | +3.1% | +2.5% | +4.0% | −5.4% | +0.9% | −7.8% |
| 2023 | +9.3% | −6.8% | +5.5% | +0.1% | −4.6% | +2.8% | +1.2% | −4.9% | −8.3% | −5.0% | +10.6% | +9.2% |
| 2022 | −4.0% | −0.6% | −1.1% | −11.7% | −2.4% | −9.6% | +8.1% | −6.2% | −16.3% | +2.5% | +11.8% | −3.1% |
UPAR Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 16.20%
- 3-year Sharpe ratio: 0.30 (vs 4.5% risk-free rate)
- Best month: +10.61% (Nov 2023)
- Worst month: −8.35% (Sep 2023)
UPAR Fund Flows
Monthly money in and out of UPAR Ultra Risk Parity ETF, from SEC Form N-PORT.
- 12-month net flow: −$7.7M
- 12-month gross sales (incl. reinvestments): $4.8M
- Sales ÷ redemptions: 0.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $0 | $5.0M | −$5.0M |
| May 2026 | $0 | $3.3M | −$3.3M |
| Apr 2026 | $0 | $0 | $0 |
| Mar 2026 | $873K | $0 | $873K |
| Feb 2026 | $0 | $0 | $0 |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $0 | $0 | $0 |
| Nov 2025 | $3.9M | $0 | $3.9M |
| Oct 2025 | $0 | $1.2M | −$1.2M |
| Sep 2025 | $0 | $1.1M | −$1.1M |
| Aug 2025 | $0 | $0 | $0 |
| Jul 2025 | $0 | $1.8M | −$1.8M |
UPAR Assets Under Management
Net assets of UPAR Ultra Risk Parity ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $59.17M |
| 2026-03-31 | $67.07M |
| 2025-12-31 | $63.62M |
| 2025-09-30 | $59.21M |
| 2025-06-30 | $57.92M |
| 2025-03-31 | $64.13M |
| 2024-12-31 | $64.63M |
| 2024-09-30 | $84.94M |
| 2024-06-30 | $81.61M |
| 2024-03-31 | $87.41M |
| 2023-12-31 | $96.04M |
| 2023-09-30 | $73.46M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.