TUG vs. UPAR

Last updated Jun 25, 2026

TUG (STF Tactical Growth ETF) and UPAR (UPAR Ultra Risk Parity ETF) are both Diversified Portfolio funds. TUG is actively managed, while UPAR is passively managed. Over the past 3 years, TUG returned 21.48%/yr vs 9.18%/yr for UPAR. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

TUG vs. UPAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STF Tactical Growth ETF (TUG) and UPAR Ultra Risk Parity ETF (UPAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TUG achieves a 15.37% return, which is significantly higher than UPAR's 6.41% return.

TUG

• 1D: -0.33%
• 1M: -0.27%
• YTD: 15.37%
• 6M: 13.66%
• 1Y: 31.40%
• 3Y*: 21.48%
• 5Y*: —
• 10Y*: —

UPAR

• 1D: 0.13%
• 1M: -1.01%
• YTD: 6.41%
• 6M: 5.11%
• 1Y: 21.03%
• 3Y*: 9.18%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TUG vs. UPAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TUG STF Tactical Growth ETF	15.37%	20.43%	19.37%	38.24%	-12.62%
UPAR UPAR Ultra Risk Parity ETF	6.41%	23.87%	-2.26%	5.73%	-11.63%

Correlation

The correlation between TUG and UPAR is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.42

The correlation between TUG and UPAR shifts across timeframes, from 0.42 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

TUG vs. UPAR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TUG

TUG Risk / Return Rank: 58
TUG Sharpe Ratio Rank: 61
TUG Sortino Ratio Rank: 55
TUG Omega Ratio Rank: 57
TUG Calmar Ratio Rank: 59
TUG Martin Ratio Rank: 60

UPAR

UPAR Risk / Return Rank: 43
UPAR Sharpe Ratio Rank: 47
UPAR Sortino Ratio Rank: 43
UPAR Omega Ratio Rank: 46
UPAR Calmar Ratio Rank: 42
UPAR Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TUG vs. UPAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STF Tactical Growth ETF (TUG) and UPAR Ultra Risk Parity ETF (UPAR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TUG	UPAR	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.48	+0.30
Sortino ratio: Return per unit of downside risk	2.36	1.99	+0.36
Omega ratio: Gain probability vs. loss probability	1.31	1.27	+0.04
Calmar ratio: Return relative to maximum drawdown	2.56	1.90	+0.66
Martin ratio: Return relative to average drawdown	9.38	5.75	+3.63

TUG vs. UPAR - Sharpe Ratio Comparison

The current TUG Sharpe Ratio is 1.77, which is comparable to the UPAR Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of TUG and UPAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TUG vs. UPAR - Drawdown Comparison

The maximum TUG drawdown since its inception was -22.27%, smaller than the maximum UPAR drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for TUG and UPAR.

Drawdown Indicators

	TUG	UPAR	Difference
Max Drawdown Largest peak-to-trough decline	-22.27%	-39.54%	+17.27%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-11.13%	-1.18%
Max Drawdown (3Y) Largest decline over 3 years	-22.27%	-18.73%	-3.54%
Current Drawdown Current decline from peak	-4.60%	-7.11%	+2.51%
Average Drawdown Average peak-to-trough decline	-4.30%	-22.23%	+17.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.36%	3.67%	-0.31%

Volatility

TUG vs. UPAR - Volatility Comparison

STF Tactical Growth ETF (TUG) has a higher volatility of 8.62% compared to UPAR Ultra Risk Parity ETF (UPAR) at 5.61%. This indicates that TUG's price experiences larger fluctuations and is considered to be riskier than UPAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TUG	UPAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.62%	5.61%	+3.01%
Volatility (6M) Calculated over the trailing 6-month period	14.26%	12.32%	+1.94%
Volatility (1Y) Calculated over the trailing 1-year period	17.83%	14.33%	+3.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	18.09%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	18.09%	+0.23%

TUG vs. UPAR - Expense Ratio Comparison

Both TUG and UPAR have an expense ratio of 0.65%.

Dividends

TUG vs. UPAR - Dividend Comparison

TUG's dividend yield for the trailing twelve months is around 1.49%, less than UPAR's 2.71% yield.

Position	TTM	2025	2024	2023	2022
TUG STF Tactical Growth ETF	1.49%	1.75%	4.97%	1.34%	1.14%
UPAR UPAR Ultra Risk Parity ETF	2.71%	3.28%	3.32%	3.04%	4.73%

Frequently Asked Questions

Can I hold both TUG and UPAR in my portfolio?

TUG and UPAR have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TUG or UPAR?

TUG has higher volatility (8.62%) compared to UPAR (5.61%). In terms of maximum drawdown, TUG dropped -22.27% vs UPAR's -39.54%.

Which ETF is better, TUG or UPAR?

On 3-year performance, TUG leads with 21.48% vs 9.18% for UPAR. Both ETFs have the same 0.65% expense ratio. On volatility, UPAR has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TUG or UPAR?

Over the 3-year period, TUG has performed better with a 21.48% return vs 9.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TUG or UPAR?

TUG and UPAR have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, TUG or UPAR?

UPAR has the higher dividend yield at 2.71%, compared with 1.49% for TUG.

What is the main difference between TUG and UPAR?

They also come from different issuers: STF and RPAR.

Which has better risk-adjusted returns?

TUG currently has the higher Sharpe Ratio (1.77 vs 1.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.