UPAR Ultra Risk Parity ETF (UPAR) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
503 identified stocks · net exposure / NAV 200.00%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Underlying allocation is estimated using SPY (2026-10-19). Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
503 identified stocks · net exposure / NAV 200.00%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Underlying allocation is estimated using SPY (2026-10-19). Cash and unallocated contracts are excluded from stock attribution.
We have this ETF's holdings, but the prices for those particular listings are outside our quote coverage (currently Korea- and US-listed securities). So today's contribution and return are not computed — showing 0% would claim it did not move, which is a different statement. The holdings and weights below follow the calculation basis above.
Today's summary
Its top 10 holdings make up about 38.7% of the fund. The concentration index (HHI) is 227 — Low — evenly diversified, and the largest sector is Information Technology (39%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (227), so no single holding dominates.
The largest sector is Information Technology at 39% — industries are reasonably spread.
A 2x leveraged fund. It resets exposure daily, so over more than a few days the result drifts from "index move × 2". Built for short holds.
We don't have cost, fund size for UPAR Ultra Risk Parity ETF yet, so those axes are excluded and the score is based on the other 3. Scoring a missing figure as zero would grade our data collection, not the fund.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (227), so no single holding dominates.
The largest sector is Information Technology at 39% — industries are reasonably spread.
A 2x leveraged fund. It resets exposure daily, so over more than a few days the result drifts from "index move × 2". Built for short holds.
We don't have cost, fund size for UPAR Ultra Risk Parity ETF yet, so those axes are excluded and the score is based on the other 3. Scoring a missing figure as zero would grade our data collection, not the fund.
Top 20 holdings
Unverified derivative exposure is estimated using a same-index daily target model, not a full attribution of actual ETF returns.
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | NVIDIANVDA | 7.93% |
| 2 | APPLEAAPL | 7.56% |
| 3 | MICROSOFTMSFT | 5.98% |
| 4 | AMAZON.COMAMZN | 3.89% |
| 5 | ALPHABETGOOGL | 3.05% |
| 6 | ALPHABETGOOG | 2.44% |
| 7 | BROADCOMAVGO | 2.40% |
| 8 | META PLATFORMSMETA | 2.35% |
| 9 | TESLATSLA | 1.57% |
| 10 | MICRON TECHNOLOGYMU | 1.54% |
| 11 | ELI LILLY +LLY | 1.50% |
| 12 | BERKSHIRE HATHAWAYBRK.B | 1.50% |
| 13 | JPMORGAN CHASE +JPM | 1.34% |
| 14 | ADVANCED MICRO DEVICESAMD | 1.33% |
| 15 | EXXONMOBILXOM | 1.11% |
| 16 | VISA SHARESV | 1.04% |
| 17 | JOHNSON + JOHNSONJNJ | 0.92% |
| 18 | WALMARTWMT | 0.80% |
| 19 | ABBVIEABBV | 0.75% |
| 20 | MASTERCARD AMA | 0.75% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
Leverage / inverse caveat
This fund tracks its index at 2x.
That 2x applies to a **single day**. Held longer, the daily reset makes the period return drift from 2x the index: if the index chops up and down and returns to where it started, this fund is still down. That is volatility decay.
It bites hardest in sideways markets and compounds with holding time. These are built for short directional trades.
How concentrated is it
Concentration (HHI) is low at 227, with the top 10 holdings at just 38.7% of equity weight. No single name can dominate the fund.
Good for damping single-stock risk — and equally, a big winner inside gets diluted.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
Sector weights run Information Technology(39%) · Financials(12%) · Consumer Discretionary(10%). At 39%, the leading sector is a clear tilt.
Expect it to ride that industry's cycle — ahead of the index in good stretches, behind in bad ones.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Even its closest peer, VTIP, overlaps only 32% (14 shared names).
Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.
This page is not investment advice. Investment decisions and responsibility are your own.
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