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Launched

Adaptiv Select ETF

ADPVNYSE ArcaD

$43.97−0.13 (−0.29%)

As of Oct 13, 2026, 3:59 PM

D37/ 100

Rank 16 of 22 in US Active Momentum

D37/100Rank 16 of 22inUS Active Momentum
Intraday session: down, 78 prints from 44.10 to 43.97. Range 43.81 to 44.31. Use the arrow keys to read each point.43.8043.9044.2044.3010 AM12 PM2 PM4 PM
Expense ratio
1.00%
Fund size
$177M
1Y total return
+3.3%
Yield · Last 12 months
0.68%
Holdings
26
Avg volume · 30D
0M sh
NAV per share
$44.27
52W range
low $38.57high $49.71
Launched

The ETF.net ADPV Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
US Active Momentum⁠
Rank
16 of 22
Six-pillar profile for ADPV. Scores out of 100: Cost 14, Risk 39, Mission not scored, Tradability 73, Holdings 48, Durability 49. Strongest: Tradability (73). Weakest: Cost (14). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F14 out of 100
    Rank 19 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D39 out of 100
    Rank 14 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A73 out of 100
    Rank 5 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C48 out of 100
    Rank 14 of 21

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C49 out of 100
    Rank 13 of 22

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 Oct 13, 2026
Asset class
Stocks
Holdings
26
Top-10 weight
46%
Largest holding
HPE7.8%

Sectors

  • Health Care29.6%
  • Technology18.6%
  • Financials18.2%
  • Energy15.1%
  • Real Estate7.9%
  • Industrials7.0%
  • Consumer Staples3.6%

Geography

  • United States91.53%
  • United Kingdom8.47%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001HPEHewlett Packard Enterprise Company7.82%188,417$14M388
002ROIVRoivant Sciences Ltd4.92%245,889$9M168
003VTRSViatris Inc4.90%491,729$9M271
004RNGRingcentral Inc4.46%99,640$8M153
005APAApa Corporation4.34%167,472$8M284
006PRPermian Resources Corp-Cl A4.12%316,989$7M206
007AVTRAvantor Inc4.10%463,686$7M121
008SSentinelone Inc4.08%274,856$7M124
009HSTHost Hotels & Resorts Inc3.92%306,135$7M262
010CNCCentene Corp3.83%103,685$7M326
011CBCCentral Banco Inc3.72%203,195$7M53
012COLDAmericold Realty Trust Inc3.71%469,711$7M89
013TFSLTfs Financial Corp3.63%400,292$6M80
014BAXBaxter Intl Inc3.62%263,213$6M190
015VIRTVirtu Financial Inc3.60%110,827$6M155

Showing 1–15 of 26 holdings

ADPV Performance

Launched Nov 4, 2022

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

Not enough history yet.Not enough history yet.
ADPV$10,327
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ADPV $10,327. SPY $12,044. Use the arrow keys to read each point.$8,853$10,575$12,297Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+2.9%
1 month−2.5%
3 months−4.5%
1 year+3.3%
3 yearsper year+22.8%
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+2.9%
2025+21.2%
2024+43.9%
2023−0.7%
2022+0.6%

Since listing, Nov 4, 2022

ADPV in the news

Filtered to ADPV · US Active Momentum

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 Oct 12, 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.
19.5%
Annualised · 36 months to Sep 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.
0.89
vs 3-month T-bills · to Sep 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%
47 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.

Other funds in US Active Momentum

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