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ADPV

GradeDNew York Stock Exchange Arca

Adaptiv Select ETF

Active Equity · Adaptiv · Inception 2022-11-04

$43.55−0.47 (−1.06%)

As of Sep 23, 2026, 3:10 PM EDT

History starts Nov 4, 2022.
Intraday session: down, 68 prints from 44.01 to 43.55. Range 43.53 to 43.95. Use the arrow keys to read each point.$43.60$43.80$44.0010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$177M
1Y return
+2.3%
Yield · Last 12 months
0.68%
Holdings
25
Volume · 30D
0M sh
NAV per share
$44.28
52W range
low $38.57high $49.71

The ETF.net ADPV Grade

D

34/ 100

Rank 17 of 22 in US Active Momentum⁠

Confidence Medium

Six-pillar profile for ADPV. Scores out of 100: Cost 14, Risk 37, Mission not scored, Tradability 57, Holdings 50, Durability 50. Strongest: Tradability (57). Weakest: Cost (14). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 34 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 14
    Category rank19/22 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 37
    Category rank14/21 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank8/22 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank12/21 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 50
    Category rank11/22 · top 50%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on ADPV

ETF.net Research

DMost momentum funds rank stocks. Adaptiv Select points the idea at the whole market: an active US equity fund with a regime filter that seeks gains when the market is rising and aims to limit drawdowns when it falls.

Stated mandate

The Fund seeks long-term capital appreciation when the broad U.S. equity market is rising and aims to limit drawdowns during broad-market declines.

Why people hold it

  1. 01One job, stated plainly: own US stocks while the broad market is rising and limit drawdowns when it declines. The drawdown language is written into the mandate itself.
  2. 02Unusual wiring for its cohort. Peers such as MTUM and SPMO screen individual stocks for momentum; ADPV runs a market-level regime filter instead.
  3. 03Live since late 2022, so the regime calls have a real-world record you can inspect rather than a backtest.

Worth knowing

  1. 01The 1.00% expense ratio is the price of the model. Index momentum peers like SPMO and MTUM charge 0.13% and 0.15% for a stock-ranking approach.
  2. 02Thinly traded, so bid-ask spreads can run wider than in the cohort's heavyweights, and the round trip costs more than the headline fee suggests.
  3. 03No published index sits behind it, so there is no tracking yardstick to check it against. Outcomes ride entirely on the manager's regime read.

ADPV Holdings

As of Sep 20, 2026, 10:16 AM
Asset class
Stocks
Holdings
25
Top-10 weight
46%
Largest holding
HPE6.5%

Sectors

  • Health Care21.6%
  • Energy20.2%
  • Financials19.1%
  • Technology13.2%
  • Real Estate7.9%
  • Consumer Discr.6.6%
  • Communication4.2%
  • Cons. Staples3.9%
  • Industrials3.2%

Geography

  • United States86.66%
  • United Kingdom9.13%
  • Luxembourg4.21%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001HPEHEWLETT PACKARD ENTERPRISE COMPANY6.45%188,417$12M379
002ROIVROIVANT SCIENCES LTD5.51%245,889$10M168
003VTRSVIATRIS INC4.73%491,729$8M266
004VIAVVIAVI SOLUTIONS INC4.29%220,382$8M148
005APAAPA CORPORATION4.27%167,472$8M283
006RNGRINGCENTRAL INC4.18%99,640$7M153
007TIGOMILLICOM INTERNATIONAL CELLULAR SA4.14%77,059$7M139
008PRPERMIAN RESOURCES CORP-CL A4.13%316,989$7M202
009AVTRAVANTOR INC4.13%463,686$7M121
010KEYKEYCORP3.94%334,939$7M282
011COLDAMERICOLD REALTY TRUST INC3.92%469,711$7M90
012CNCCENTENE CORP3.90%103,685$7M320
013TFSLTFS FINANCIAL CORP3.77%400,292$7M81
014HSTHOST HOTELS & RESORTS INC3.76%306,135$7M258
015NOVNOV INC3.75%325,801$7M161

Showing 1–15 of 26 holdings

ADPV Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ADPV$10,228
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. ADPV $10,228. SPY $11,723. Use the arrow keys to read each point.$8,997$10,482$11,966Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ADPV. Periods over one year show the average yearly return.
PeriodADPV
Year to date+2.3%
1 month−3.0%
3 months−10.1%
1 year+2.3%
3 years+23.1%per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ADPV
YearReturn barADPV
2026 YTD+2.3%
2025+21.2%
2024+43.9%
2023−0.7%
2022+0.6%

Since listing, Nov 4, 2022

ADPV in the news

ETF.net Research hasn’t filed on ADPV yet — coverage lands here as it’s written.

ADPV Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.68%Last 12 months
Payout per share
$0.30Last 12 months
Last payment
$0.30 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2022–2026

One bar per payment. 4 payments from 2022 to 2026 YTD. Dec 20, 2022 $0.06; Dec 19, 2023 $0.06; Dec 27, 2024 $0.24; Dec 23, 2025 $0.30. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.30
Dec 27, 2024Dec 30, 2024$0.24
Dec 19, 2023Dec 21, 2023$0.06
Dec 20, 2022Dec 22, 2022$0.06

ADPV Risk

How much the fund’s monthly returns vary, scaled to a year.
19.7%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.84
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.3%
46 months · trough Mar 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

ADPV Cost

Expense ratio1.00%
  • The middle half of US Active Momentum funds
  • Median 0.63%

17 of the 21 US Active Momentum funds charge less.

ADPV costs $100.00 a year on $10,000. The median US Active Momentum fund costs $63.00.