At a glance
ZIPP charges 1.29% a year. It has $874K in assets. Over the past year it returned −11.7% with distributions reinvested (S&P 500: +11.5%).
The short version
STKd 100% UBER & 100% TSLA ETF (ZIPP) is an actively managed fund from Quantify Chaos Advisors. It uses swaps and options to give each dollar invested about one dollar of exposure to Uber plus one dollar to Tesla. It is a leveraged bet on autonomous transportation and electric vehicles: its return is roughly Uber's plus Tesla's, minus financing costs. It charges 1.29% a year and has recorded no distributions.
Price history
The interactive chart needs JavaScript.
ZIPP -11.7% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| ZIPP price data to Oct 27, 2026 | 0.0% | -11.7% | — | — | — | +35.6% |
- Over the year to Oct 27, 2026, ZIPP returned -11.7%.
- The deepest fall in its price history was 33.6% (Mar 24, 2025 to Apr 8, 2025), recovered by Apr 29, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | 0.0% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
What's inside
As of Sep 30, 2025, the fund held 0 securities; the ten largest made up 0% of assets.
| Holding | Weight |
|---|
By country
By asset type
What changed recently
- Over the three months to Sep 30, 2025, investors added a net $0.00 (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -9.58%, +14.07%, +37.19%.
How it works
ZIPP is actively managed and follows no index. It uses derivatives to hold exposure equal to about 100% of net assets in Uber Technologies and another 100% in Tesla, so each $1 invested behaves like $1 of each stock. The main tool is a swap, a contract in which a financial institution pays the fund a stock's gains, or collects its losses, in exchange for a financing cost. The prospectus also allows listed options, including call-and-put pairs that mimic owning shares.
Collateral for these contracts may include Treasuries, money market funds, short-term bond ETFs or investment-grade commercial paper. At least 80% of net assets, counting derivatives at full notional (contract) value, must provide exposure to Uber and/or Tesla, and the prospectus expects high turnover, meaning frequent trading. As of September 30, 2025, the fund reported three positions, including swaps on Tesla and Uber with Marex, valued at about 29% and 3% of net assets. Those figures reflect what the contracts were worth, not the size of the exposure.
Losses stack like gains, so a fall in both stocks at once hits harder than owning either alone. The fund also relies on its swap counterparty, the firm on the other side of the contract, to pay what it owes, and shareholders get no vote at Uber or Tesla.
What it really costs
- ZIPP charges 1.29% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $131 in the first year and $— over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| ZIPP | $131 | $409 | $— | $— |
In a retirement portfolio
It doubles each invested dollar's exposure across just two volatile stocks, so it could fill only a small, speculative slice next to diversified core holdings.
ZIPP launched in March 2025, so it has no record through the 2008, 2020 or 2022 downturns and no full calendar year to judge. Its deepest drop was 33.6%, from March 24 to April 8, 2025; it recovered by April 29, in under a month. That rebound is no promise: with doubled exposure to two volatile stocks, a future slump could be deeper and longer, and anyone forced to draw money from it then would lock in losses. It pays no income: no distributions had been recorded as of October 27, 2026. Costs are high: a 1.29% expense ratio plus financing costs on the leverage. In the SEC's standard example, which assumes a 5% annual return, $10,000 would incur $131 in costs after one year and $409 after three years.
Past results don't predict future returns, and a retirement plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors with a high tolerance for risk who want a concentrated, leveraged bet on Uber and Tesla as plays on autonomous transportation and electric vehicles.
- Investors wanting about a dollar of exposure to each stock per dollar invested, without borrowing on margin or trading swaps and options themselves.
- Hands-on investors who keep it to a small slice and can stomach drops like the 33.6% fall between March 24 and April 8, 2025.
Look elsewhere if
- Retirees seeking income or steadiness: no distributions have been recorded, and one-year volatility, a gauge of price swings, was 38.1% as of October 27, 2026.
- Cost-conscious investors: the 1.29% expense ratio means $131 on $10,000 in the SEC's one-year example, plus financing costs on the leverage.
- Anyone wanting diversification or an established fund: it covers just two stocks, launched March 5, 2025, and had tiny net assets on September 30, 2025.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Is ZIPP a leveraged ETF?
Yes. ZIPP uses leverage through swap agreements and listed options. It aims for exposure equal to about 100% of its net assets in Uber and another 100% in Tesla, so each dollar invested is effectively doubled across two stocks. Its return is roughly Uber's return plus Tesla's, minus financing costs and fees. When both stocks fall together, the losses stack. When one rises and the other falls, they partly offset. Managers, not an index, decide how the exposure is built.
Does ZIPP own Tesla and Uber stock?
Not directly. ZIPP's holdings report as of September 30, 2025 listed two swap contracts, one tied to Tesla and one to Uber, both with Marex, plus cash. In a swap, a financial firm passes a stock's gains or losses to the fund in exchange for financing payments. Unlike owning shares, the fund depends on Marex paying what it owes, and investors get no voting rights in either company. Splitting money evenly between the two stocks would give half the exposure to each that ZIPP targets.
What is ZIPP's expense ratio?
ZIPP charges 1.29% a year, all of it a management fee, according to its prospectus filed February 24, 2025. The SEC's standard example assumes $10,000 invested and a 5% annual return. On that basis, total costs would be $131 after one year and $409 after three years. That is high next to typical stock index funds. The cost of financing the leverage also reduces the returns of the Uber and Tesla positions, on top of the stated fee.
How risky is ZIPP?
Very risky. As of October 27, 2026, its one-year volatility, a measure of how widely returns swing, was 38.1%. Its largest peak-to-low drop over that year was 31.2%. Its largest decline since launch was 33.6%, from March 24 to April 8, 2025, and it had recovered by April 29. It lost 11.7% over the year through October 27, 2026, against a 35.6% return since its March 2025 launch. It has no record through the 2008, 2020 or 2022 market downturns.
Is ZIPP good for retirement income?
No, not as an income source. No distributions had been recorded for ZIPP through October 27, 2026. Its stated objective is long-term capital appreciation, meaning growth in value. Any return comes from leveraged moves in two stocks, so retirees drawing cash would depend on the share price at the moment they need money. The prospectus also warns that investors could lose all or part of their investment. It may suit retirees only as a small, speculative slice of a broader portfolio.