---
ticker: "UPAR"
name: "UPAR Ultra Risk Parity ETF"
url: "https://etf.net/etf/UPAR"
grade: "C"
score: 39
graded_at: "2026-10-12"
category: "Capital-Efficient Allocation"
category_rank: "12 of 19"
methodology: "https://etf.net/methodology"
---

# UPAR: UPAR Ultra Risk Parity ETF

Grade **C**, Score 39 of 100. Rank 12 of 19 in Capital-Efficient Allocation.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 47 | 10 of 19 |
| Mission | 78 | 4 of 8 |
| Risk | 36 | 15 of 18 |
| Tradability | 18 | 17 of 19 |
| Holdings | 53 | 7 of 13 |
| Durability | 48 | 12 of 19 |

## Top holdings

The fund holds 153 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | TYZ6 Comdty | US 10YR NOTE (CBT)Dec26 | 14.47% |
| 2 | WNZ6 Comdty | US ULTRA BOND CBT Dec26 | 14.09% |
| 3 | HWAZ6 Index | SP500 MIC EMIN FUTDec26 | 8.63% |
| 4 | GLDM | SPDR Gold MiniShares Trust | 8.15% |
| 5 | MESZ6 Index | MSCI EmgMkt       Dec26 | 3.25% |
| 6 | 912810RF7 | United States Treasury Inflation Indexed Bonds 1.375% 02/15/2044 | 2.94% |
| 7 | VWO | Vanguard FTSE Emerging Markets ETF | 2.86% |
| 8 | MFSZ6 Index | MSCI EAFE         Dec26 | 2.63% |
| 9 | 912810RA8 | United States Treasury Inflation Indexed Bonds 0.625% 02/15/2043 | 2.57% |
| 10 | 912810RL4 | United States Treasury Inflation Indexed Bonds 0.75% 02/15/2045 | 2.49% |
| 11 | 912810RR1 | United States Treasury Inflation Indexed Bonds 1% 02/15/2046 | 2.29% |
| 12 | 912810SB5 | United States Treasury Inflation Indexed Bonds 1% 02/15/2048 | 2.23% |
| 13 | 912810RW0 | United States Treasury Inflation Indexed Bonds 0.875% 02/15/2047 | 2.23% |
| 14 | VXF | Vanguard Extended Market ETF | 1.99% |
| 15 | 912810TP3 | United States Treasury Inflation Indexed Bonds 1.5% 02/15/2053 | 1.89% |
| 16 | 912810TY4 | United States Treasury Inflation Indexed Bonds 2.125% 02/15/2054 | 1.88% |
| 17 | 912810QV3 | United States Treasury Inflation Indexed Bonds 0.75% 02/15/2042 | 1.83% |
| 18 | 912810SG4 | United States Treasury Inflation Indexed Bonds 1% 02/15/2049 | 1.79% |
| 19 | 912810UH9 | United States Treasury Inflation Indexed Bonds 2.375% 02/15/2055 | 1.71% |
| 20 | — | Cash & Other | 1.63% |
| 21 | VEA | Vanguard Ftse Developed Etf | 1.42% |
| 22 | 912810SM1 | United States Treasury Inflation Indexed Bonds 0.25% 02/15/2050 | 1.38% |
| 23 | 912810SV1 | United States Treasury Inflation Indexed Bonds 0.125% 02/15/2051 | 1.08% |
| 24 | XOM | ExxonMobil Holdings Corp | 1.07% |
| 25 | 912810TE8 | United States Treasury Inflation Indexed Bonds 0.125% 02/15/2052 | 1.03% |
| 26 | DE | Deere & Co | 0.93% |
| 27 | 912810US5 | United States Treasury Inflation Indexed Bonds 2.375% 02/15/2056 | 0.72% |
| 28 | BHP | BHP Group Ltd | 0.72% |
| 29 | CVX | Chevron Corp | 0.63% |
| 30 | SCCO | Southern Copper Corp | 0.56% |

Source: etf.net, https://etf.net/etf/UPAR. Please cite the page URL.