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Launched

PMV Adaptive Risk Parity ETF

ARPNYSE ArcaD

$33.35−0.39 (−1.17%)

As of Nov 2, 2026, 3:59 PM ET

D37/ 100

Rank 13 of 19 in Capital-Efficient Allocation

D37/100Rank 13 of 19inCapital-Efficient Allocation
Intraday session: down, 79 prints from 33.75 to 33.35. Range 33.35 to 33.72. Use the arrow keys to read each point.33.4033.5033.6033.7010 AM12 PM2 PM4 PM
Expense ratio
1.42%*
Fund size
$74M
1Y total return
+14.1%
Yield · Last 12 months
5.85%
Holdings
7
Avg volume · 30D
8.67K sh
52W range
low $30.20high $34.68
Launched

*After a fee waiver that ends Feb 28, 2027. Without it: 1.88%.

The ETF.net ARP Grade

D

Score 37 out of 100

Category
Capital-Efficient Allocation⁠
Rank
13 of 19
Six-pillar profile for ARP. Scores out of 100: Cost 6, Risk 78, Mission 30, Tradability 53, Holdings 42, Durability 49. Strongest: Risk (78). Weakest: Cost (6). Leans toward Risk.

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.
    F6 out of 100
    Rank 18 of 19

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D30 out of 100
    Rank 8 of 8

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A78 out of 100
    Rank 2 of 18

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 9 of 19

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C42 out of 100
    Rank 10 of 13

  • 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 12 of 19

Our read on ARP

ETF.net Research

In short

DMost capital-efficient multi-asset funds stack stocks on Treasury futures. ARP goes the other way: an actively managed all-weather portfolio that spreads risk across asset classes, then tilts toward whatever is already trending.

Stated mandate

The Fund seeks capital appreciation while aiming for lower volatility and less correlation with the overall equity market. It pursues this through active, trend-aware allocation across multiple asset classes.

Why people hold it

  • Risk parity with a momentum overlay: PMV balances risk across the growth and inflation drivers of returns, then shifts allocations toward asset classes already trending.prnewswire.com
  • Diversification is the mandate, not a side effect: it reaches across US, developed ex-US and emerging markets and multiple asset classes, aiming for low correlation to stocks.
  • An oddity on this shelf, where most funds lever a stock-and-Treasury-futures core (NTSX, NTSI). ARP's trend-aware risk parity is not anchored to equities.

Worth knowing

  • The trade-off is cost: 1.42% net of a waiver through February 28, 2027 (1.88% gross), above the category median, where NTSX charges 0.20%.
  • A small fund that trades lightly, so spreads can be wider and sizable orders can move the price more than in the category's household names.
  • Actively managed with no index to track: the mix follows PMV's trend signals, and distributions land once or twice a year rather than monthly.

ARP Holdings

Holdings pillarC42 out of 100Rank 10 of 13 in Capital-Efficient Allocation
Asset class
Other
Holdings
7
Top-10 weight
100%
Largest holding
HGER36.1%

Sectors

  • Technology34.9%
  • Financials14.0%
  • Industrials10.6%
  • Consumer Discretionary8.8%
  • Communication8.1%
  • Health Care7.7%
  • Consumer Staples5.0%
  • Materials3.6%
  • Energy3.4%
  • Utilities2.2%
  • Real Estate1.7%

Geography

  • United States89.86%
  • Japan1.99%
  • United Kingdom1.19%
  • Canada1.04%
  • South Korea0.84%
  • Switzerland0.72%
  • Germany0.56%
  • Netherlands0.55%
  • Other countries (21)3.24%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1HGERHarbor Commodity All Weather36.11%829,579$29.5M5
2VOOVanguard S&P 500 Etf29.14%34,280$23.8M66
3USDUWisdomtree Bbg USD Bullish12.20%366,494$9.97M5
4VEAVanguard Ftse Developed Etf9.06%106,603$7.4M18
5QQQInvesco Qqq Trust Series 17.56%8,952$6.18M31
6SHVIshares 0-1 Year Treasury Bo5.91%43,744$4.83M5
7No dataCash0.02%17,674$17.7K104

Showing 1–7 of 7 holdings

ARP Performance

Launched Dec 21, 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.
ARP$11,415
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ARP $11,415. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 ARP. Periods over one year show the average yearly return.
PeriodARP
Year to date+11.8%
1 month−0.8%
3 months+3.3%
1 year+14.1%
3 yearsper year+15.9%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 ARP
YearReturn barARP
2026 YTD+11.8%
2025+18.3%
2024+13.8%
2023+3.7%
2022−0.6%

History from Dec 22, 2022

ARP in the news

ARP 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 30, 2026.
5.85%Last 12 months
Payout per share
$1.97Last 12 months
Last payment
$1.97 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 28, 2022 $0.01; Dec 28, 2023 $0.67; Dec 30, 2024 $1.44; Dec 30, 2025 $1.97. Use the arrow keys to read each point.20222023202420252026YTD
Ex-datePay dateAmount per share
Dec 30, 2025Jan 7, 2026$1.97
Dec 30, 2024Jan 7, 2025$1.44
Dec 28, 2023Jan 5, 2024$0.67
Dec 28, 2022Jan 6, 2023$0.01

$10,000 in ARP 3 years ago paid $1,625 in dividends.

ARP Risk

Risk pillarA78 out of 100Rank 2 of 18 in Capital-Efficient Allocation
How much the fund’s monthly returns vary, scaled to a year.
8.7%
Annualised · 36 months to Oct 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.
1.24
vs 3-month T-bills · to Oct 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.
−10.1%
46 months · trough Mar 2026
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.
0.70
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.

FMP measures it over up to five years of monthly returns.

ARP Cost

Compare ARP and CTAP

Overpaying vs CTAP, cheapest in Capital-Efficient Allocation

$22,411

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ARP 1.42%

    $25,137

  • CTAP 0.13% Cheapest

    $2,726

$10,000
30 years

Cost over time

  • ARP 1.42%
  • CTAP 0.13%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530ARP $25,137CTAP $2,726

Year by year

YearARPCTAPOverpaying
10$2,460$238$2,222
20$9,074$930$8,144
30$25,137$2,726$22,411
How the 1.42% is worked out

Full fee 1.88%− waiver 0.46%= you pay 1.42%

The waiver ends Feb 28, 2027. After that the fee is 1.88% unless PMV renews it. Source: prospectus, Feb 2026.

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