PMV Adaptive Risk Parity ETF
$34.59+0.11 (+0.32%)
- 1.88%
- $74M
- +20.0%
- 5.73%
- 0M sh
- $34.46
- low $30.20high $34.68
The ETF.net ARP Grade
D
Score 34 out of 100
- 17 of 19
Score 34 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.F0 out of 100Rank 19 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.D31 out of 100Rank 8 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A75 out of 100Rank 2 of 18Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 9 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C41 out of 100Rank 10 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C50 out of 100Rank 11 of 19
Our read on ARP
DRisk parity, ETF-sized: stocks, Treasuries, commodities, gold and currencies balanced by risk, then nudged monthly toward what's trending. The whole all-weather playbook in one ticker, with a price tag to match.
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
- Real diversification beyond 60/40: US, developed and emerging equities plus Treasuries, broad commodities, physical gold, currencies and cash, all inside one fund.money.usnews.com
- The 'adaptive' part is a momentum overlay. A rules-based monthly reset leans exposure toward trending asset classes and away from falling ones, rather than holding fixed weights.pmvcapital.com
- Built for a different job than a stock fund: the prospectus objective is capital appreciation with lower volatility and less correlation to the equity market.
- The adviser has contractually agreed to waive fees to hold total operating expenses to 1.20%, a cap that gets renewed period by period.pmvcapital.com
Worth knowing
- At 1.47%, it costs more than double its cohort's median of 0.68%, and capital-efficient peers like NTSX and GDE charge 0.20%.
- One of the less-traded funds in its category, so limit orders matter and spreads can bite on larger trades.
- Momentum cuts both ways: the prospectus flags momentum risk, since trends can stall or reverse right after the monthly rebalance sets positions.prnewswire.compmvcapital.com
ARP Holdings
- Other
- 7
- 100%
- HGER
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 States100.00%
ARP Performance
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$11,999
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.
| Period | ARP |
|---|---|
| Year to date | +14.2% |
| 1 month | +0.1% |
| 3 months | +5.1% |
| 1 year | +20.0% |
| 3 years | +16.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ARP |
|---|---|---|
| 2026 YTD | +14.2% | |
| 2025 | +18.3% | |
| 2024 | +13.8% | |
| 2023 | +3.7% | |
| 2022 | −0.6% |
ARP in the news
ARP Dividends
- 5.73%
- $1.97
- $1.97 per share
- Annual
Distribution history
ARP Risk
- 8.6%
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.
- 1.29
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.
- −10.1%
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.
- 0.70
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ARP Cost
1.88%
ARP1.88%
- The middle half of Capital-Efficient Allocation funds
- Median 0.67%
Every other Capital-Efficient Allocation fund charges less.
Other funds in Capital-Efficient Allocation
- DRSITTidal Trust II - Return Stacked International Stocks & Managed Futures ETFExpense ratio 0.98%1 year return —
- DRSBTReturn Stacked Bonds & Managed Futures ETFExpense ratio 1.01%1 year return +16.1%
- DRSBATidal Trust II - Return Stacked Bonds & Merger Arbitrage ETFExpense ratio 1.01%1 year return −3.8%
- DRSBYReturn Stacked Bonds & Futures Yield ETFExpense ratio 1.01%1 year return +12.1%
- DBTABeacon Tactical Alternatives Risk ETFExpense ratio 1.86%1 year return —