ADPV vs SEIM

ADPVDAdaptiv Select ETF

SEIMASEI QiM U.S. Large Cap Momentum Active ETF

In short

ADPV Most 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.

SEIM Momentum with a chaperone. SEI's quant model buys U.S. large caps that have been running, then leans on quality, value and low volatility to sand off the edges, all for 0.15% a year.

Stated mandate

ADPV 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.

SEIM The Fund seeks long-term capital appreciation by investing primarily in U.S. common stocks with relatively strong recent performance, using quantitative active stock selection and portfolio optimization.

Why people hold it

• ADPV One 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.
• Unusual wiring for its cohort. Peers such as MTUM and SPMO screen individual stocks for momentum; ADPV runs a market-level regime filter instead.
• Live since late 2022, so the regime calls have a real-world record you can inspect rather than a backtest.

• SEIM Charges 0.15% a year, a fraction of the typical fund in its active momentum peer group and level with the cheapest brand-name momentum ETFs like MTUM.
• Not pure chase-the-winners: the prospectus model also weighs quality, value and low volatility, so recent strength gets vetted, not just ranked.
• Roughly 70 names, concentrated enough for the factor to actually show up, run as an active quant mandate rather than a fixed index rebuild.
• Stacks up as one of the stronger implementations among the systematic U.S. momentum funds we cover.

Worth knowing

• ADPV The 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.
• Thinly 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.
• No published index sits behind it, so there is no tracking yardstick to check it against. Outcomes ride entirely on the manager's regime read.

• SEIM Momentum buys what has already moved. When market leadership rotates, this style can turn over quickly and trail the broad market.
• Launched in 2022, so the live record is short and hasn't spanned many market regimes.
• Mid-sized and moderately traded, so bid-ask spreads are worth a glance at the moment you trade.

Full ADPV profile⁠

Full SEIM profile⁠