UPAR vs. MPAY ETF Comparison

Comparison of UPAR Ultra Risk Parity ETF (UPAR) to Akros Monthly Payout ETF (MPAY)

UPAR

UPAR Ultra Risk Parity ETF

UPAR Description

UPAR Ultra Risk Parity ETF is an exchange traded fund launched and managed by Toroso Investments, LLC. The fund invests in public equity, fixed income and commodity markets of global region. For its equity portion, it invests directly, through derivatives and through other funds in stocks of companies operating across diversified sectors. The fund uses derivatives such as futures to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests directly and through derivatives in U.S. treasury inflation protected securities and U.S. treasury securities of varying maturities. For its commodity portion, it invests directly and through other funds in gold. UPAR Ultra Risk Parity ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$13.72

Average Daily Volume

24,539

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MPAY

Akros Monthly Payout ETF

MPAY Description

MPAY seeks to provide potential monthly distributions, which may include return of capital to investors. The index is generally comprised of 50 stocks and 18 ETFs. For the stock component of the index, only those listed on a US exchange and have a market-cap of at least $1 billion may be included. A proprietary algorithm analyzes historical financial and trading data to rank and select stocks based on their excess return factor, which is a formula that gauges whether a stock could outperform future markets. The top 50 stocks are selected to be included. The ETF component of the index aims to cut across different asset classes: mainly foreign equity, broad commodity, gold, Treasurys, bonds, REITs, MBTs, and global infrastructure ETFs. Individual weights are based on a proprietary methodology that incorporates modern portfolio theory principles such as historical covariance, historical mean, historical risk contribution, and cluster analysis. The index is rebalanced monthly and is non-diversified.

Grade (RS Rating)

Last Trade

$25.76

Average Daily Volume

805

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UPAR	MPAY
30 Days	-3.54%	0.06%
60 Days	-6.28%	0.53%
90 Days	-4.78%	1.75%
12 Months	12.66%	23.79%

3 Overlapping Holdings

Symbol	Grade	Weight in UPAR	Weight in MPAY	Overlap
CVX	A	1.11%	1.32%	1.11%
GLDM	C	15.03%	3.6%	3.6%
XOM	B	1.91%	1.55%	1.55%

UPAR Overweight 34 Positions Relative to MPAY

Symbol	Grade	Weight
VXF	A	3.74%
DE	B	1.75%
BHP	F	1.38%
RIO	D	1.08%
SCCO	F	0.83%
FCX	F	0.67%
CTVA	C	0.62%
TTE	F	0.55%
VALE	F	0.48%
COP	C	0.48%
ECL	D	0.38%
FSLR	F	0.33%
BP	D	0.3%
EOG	A	0.28%
EQNR	C	0.25%
CF	A	0.24%
CNH	C	0.21%
XYL	D	0.17%
E	F	0.17%
HES	B	0.16%
OXY	D	0.16%
ENPH	F	0.15%
SQM	D	0.15%
TTC	C	0.14%
AWK	C	0.13%
FANG	C	0.12%
MOS	F	0.12%
IEX	C	0.11%
FMC	D	0.11%
EQT	B	0.1%
DVN	F	0.09%
AGCO	D	0.09%
EC	D	0.06%
CTRA	B	0.06%

UPAR Underweight 48 Positions Relative to MPAY

Symbol	Grade	Weight
NVDA	B	-6.38%
AAPL	C	-5.94%
MSFT	D	-5.7%
AMZN	C	-4.97%
GOOGL	C	-4.73%
IAUM	C	-3.36%
LLY	F	-3.04%
WMT	A	-2.21%
TSLA	B	-1.83%
ORCL	A	-1.78%
V	A	-1.77%
COST	A	-1.77%
MA	B	-1.76%
UNH	B	-1.74%
HD	B	-1.74%
ADBE	C	-1.57%
MRK	D	-1.53%
NOW	A	-1.46%
JNJ	C	-1.46%
AMAT	F	-1.45%
ABBV	F	-1.45%
NFLX	A	-1.44%
CRM	B	-1.43%
LOW	C	-1.37%
QCOM	F	-1.36%
ACN	B	-1.34%
KLAC	F	-1.32%
MCD	D	-1.31%
INTU	B	-1.3%
CAT	B	-1.28%
HCA	F	-1.28%
FTNT	C	-1.28%
TJX	A	-1.28%
CSCO	B	-1.28%
PM	B	-1.27%
LIN	C	-1.27%
BKNG	A	-1.26%
PEP	F	-1.25%
NKE	F	-1.25%
ADP	A	-1.24%
AZO	C	-1.24%
ABNB	C	-1.23%
TXN	C	-1.23%
ABT	B	-1.23%
LMT	D	-1.23%
UPS	C	-1.22%
RTX	D	-1.19%
DELL	B	-1.02%