UPAR vs. RPAR ETF Comparison

Comparison of UPAR Ultra Risk Parity ETF (UPAR) to RPAR Risk Parity ETF (RPAR)

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

$13.67

Average Daily Volume

24,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RPAR

RPAR Risk Parity ETF

RPAR Description

The investment seeks generate positive returns during periods of economic growth, preserve capital during periods of economic contraction, and preserve real rates of return during periods of heightened inflation. The fund is an actively-managed exchange-traded fund that seeks to achieve its investment objective primarily by investing across a variety of asset classes, including exposure to global equity securities, U.S. Treasury securities, and commodities. It's investment adviser seeks to invest the fund's assets to achieve exposures similar to those of the Advanced Research Risk Parity Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.45

Average Daily Volume

82,191

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UPAR	RPAR
30 Days	-3.73%	-2.39%
60 Days	-6.63%	-4.73%
90 Days	-3.72%	-2.63%
12 Months	12.34%	9.11%

36 Overlapping Holdings

Symbol	Grade	Weight in UPAR	Weight in RPAR	Overlap
AGCO	F	0.09%	0.08%	0.08%
AWK	C	0.13%	0.1%	0.1%
BHP	F	1.38%	1.0%	1.0%
BP	F	0.3%	0.2%	0.2%
CF	A	0.24%	0.15%	0.15%
CNH	C	0.21%	0.14%	0.14%
COP	B	0.48%	0.32%	0.32%
CTRA	B	0.06%	0.05%	0.05%
CTVA	C	0.62%	0.43%	0.43%
CVX	A	1.11%	0.74%	0.74%
DE	C	1.75%	1.23%	1.23%
DVN	F	0.09%	0.06%	0.06%
E	F	0.17%	0.12%	0.12%
EC	D	0.06%	0.04%	0.04%
ECL	D	0.38%	0.27%	0.27%
ENPH	F	0.15%	0.1%	0.1%
EOG	A	0.28%	0.19%	0.19%
EQNR	C	0.25%	0.16%	0.16%
EQT	A	0.1%	0.07%	0.07%
FANG	C	0.12%	0.08%	0.08%
FCX	F	0.67%	0.47%	0.47%
FMC	D	0.11%	0.08%	0.08%
FSLR	F	0.33%	0.25%	0.25%
GLDM	C	15.03%	10.62%	10.62%
HES	B	0.16%	0.1%	0.1%
IEX	B	0.11%	0.07%	0.07%
MOS	D	0.12%	0.09%	0.09%
OXY	D	0.16%	0.11%	0.11%
RIO	D	1.08%	0.79%	0.79%
SCCO	F	0.83%	0.62%	0.62%
SQM	D	0.15%	0.1%	0.1%
TTC	F	0.14%	0.1%	0.1%
TTE	F	0.55%	0.38%	0.38%
VALE	F	0.48%	0.34%	0.34%
XOM	A	1.91%	1.36%	1.36%
XYL	D	0.17%	0.12%	0.12%

UPAR Overweight 1 Positions Relative to RPAR

	Symbol	Grade	Weight
	VXF	B	3.74%

UPAR Underweight 0 Positions Relative to RPAR

	Symbol	Grade	Weight