- ISIN
- US00791R3012
- Issuer
- PMV
- Inception Date
- Dec 21, 2022
- Category
- Tactical Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $50M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ARP Performance Chart
Pmv Adaptive Risk Parity ETF (ARP) is up 8.5% since the beginning of the year. ARP is currently trading at $33 per share.
Loading charts...
Returns By Period
Pmv Adaptive Risk Parity ETF (ARP) has returned 8.51% so far this year and 23.54% over the past 12 months.
Pmv Adaptive Risk Parity ETF
- 1D
- -0.18%
- 1M
- -1.63%
- YTD
- 8.51%
- 6M
- 7.32%
- 1Y
- 23.54%
- 3Y*
- 14.35%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ARP Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 2022, ARP's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Jan 2026 with a return of +5.9%, while the worst month was Mar 2026 at -7.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ARP closed higher 56% of trading days. The best single day was Mar 31, 2026 with a return of +3.0%, while the worst single day was Jan 30, 2026 at -4.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.87% | 5.52% | -6.99% | 4.67% | 2.01% | -2.19% | 8.51% | ||||||
| 2025 | 2.20% | -0.15% | -0.30% | -0.37% | 1.63% | 1.69% | -0.21% | 2.95% | 5.14% | 2.38% | 1.44% | 0.69% | 18.33% |
| 2024 | 1.10% | 3.45% | 2.52% | -1.96% | 2.99% | 1.68% | 1.30% | 1.13% | 1.81% | -0.97% | 1.08% | -0.98% | 13.79% |
| 2023 | 3.03% | -3.86% | 1.24% | 0.56% | -0.50% | 2.05% | 2.48% | -1.67% | -3.34% | 0.44% | 1.87% | 1.58% | 3.66% |
| 2022 | -0.82% | -0.82% |
Benchmark Metrics
Pmv Adaptive Risk Parity ETF has an annualized alpha of 3.35%, beta of 0.45, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since December 22, 2022.
- This ETF participated in 52.22% of S&P 500 Index downside but only 51.90% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.45 may look defensive, but with R2 of 0.42 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.35%
- Beta
- 0.45
- R²
- 0.42
- Upside Capture
- 51.90%
- Downside Capture
- 52.22%
Expense Ratio
ARP has a high expense ratio of 1.42%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ARP ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pmv Adaptive Risk Parity ETF (ARP) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARP | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.78 | -0.45 |
| Martin ratioReturn relative to average drawdown | 8.49 | 12.44 | -3.95 |
Dividends
Dividend History
Pmv Adaptive Risk Parity ETF provided a 6.03% dividend yield over the last twelve months, with an annual payout of $1.97 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.97 | $1.97 | $1.44 | $0.67 | $0.01 |
Dividend yield | 6.03% | 6.54% | 5.29% | 2.67% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Pmv Adaptive Risk Parity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.97 | $1.97 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.44 | $1.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2022 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Pmv Adaptive Risk Parity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pmv Adaptive Risk Parity ETF was 10.13%, occurring on Mar 26, 2026. Recovery took 31 trading sessions.
The current Pmv Adaptive Risk Parity ETF drawdown is 3.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 correction2026 | -10.13%Mar 2026 | 24d | 1mo 16d | 2mo 10dMar 2026 - May 2026 |
2024 pullback2024 | -6.74%Aug 2024 | 21d | 1mo 13d | 2mo 4dJul 2024 - Sep 2024 |
2026 pullback2026 | -5.90%Feb 2026 | 6d | 20d | 26dJan 2026 - Feb 2026 |
2025 selloff2025 | -5.87%Apr 2025 | 1mo 17d | 2mo 4d | 3mo 21dFeb 2025 - Jun 2025 |
2023 pullback2023 | -5.79%Oct 2023 | 2mo 18d | 3mo 20d | 6mo 8dJul 2023 - Jan 2024 |
Drawdown Indicators
| ARP | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.13% | -56.78% | +46.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | -9.10% | -1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | -18.90% | +8.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.05% | -1.80% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -1.84% | -10.71% | +8.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 2.03% | +0.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ARP
Add Pmv Adaptive Risk Parity ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ARP