ARP vs. BSR

Last updated Jun 4, 2026

ARP (Pmv Adaptive Risk Parity ETF) and BSR (Beacon Selective Risk ETF) are both Tactical Allocation funds. ARP is actively managed, while BSR is passively managed. Over the past 3 years, ARP returned 15.46%/yr vs 7.53%/yr for BSR. A 0.71 correlation means they provide meaningful diversification when combined. ARP charges 1.42%/yr vs 1.10%/yr for BSR.

Performance

ARP vs. BSR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pmv Adaptive Risk Parity ETF (ARP) and Beacon Selective Risk ETF (BSR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ARP achieves a 11.60% return, which is significantly higher than BSR's 2.94% return.

ARP

• 1D: -0.29%
• 1M: 2.94%
• YTD: 11.60%
• 6M: 12.32%
• 1Y: 27.77%
• 3Y*: 15.46%
• 5Y*: —
• 10Y*: —

BSR

• 1D: -0.07%
• 1M: 0.63%
• YTD: 2.94%
• 6M: 2.86%
• 1Y: 11.15%
• 3Y*: 7.53%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ARP vs. BSR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ARP Pmv Adaptive Risk Parity ETF	11.60%	18.33%	13.79%	2.75%
BSR Beacon Selective Risk ETF	2.94%	4.21%	12.44%	4.57%

Correlation

The correlation between ARP and BSR is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Apr 19, 2023	0.71

The correlation between ARP and BSR has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

ARP vs. BSR - Sectors Allocation Comparison

Sectors	ARP	BSR
Financial Services	22.7%	0.1%
Industrials	16.9%	12.1%
Technology	14.6%	9.2%
Consumer Cyclical	8.5%	1.5%
Healthcare	8.1%	12.3%
Basic Materials	7.8%	11.4%
Consumer Defensive	5.5%	12.8%
Energy	5.5%	14.3%
Communication Services	4.3%	0.1%
Utilities	3.4%	14.3%
Real Estate	2.7%	12.1%

Return for Risk

ARP vs. BSR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARP

ARP Risk / Return Rank: 60
ARP Sharpe Ratio Rank: 61
ARP Sortino Ratio Rank: 53
ARP Omega Ratio Rank: 71
ARP Calmar Ratio Rank: 56
ARP Martin Ratio Rank: 59

BSR

BSR Risk / Return Rank: 36
BSR Sharpe Ratio Rank: 36
BSR Sortino Ratio Rank: 35
BSR Omega Ratio Rank: 36
BSR Calmar Ratio Rank: 37
BSR Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARP vs. BSR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pmv Adaptive Risk Parity ETF (ARP) and Beacon Selective Risk ETF (BSR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARP	BSR	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.29	+0.77
Sortino ratio: Return per unit of downside risk	2.57	1.82	+0.76
Omega ratio: Gain probability vs. loss probability	1.43	1.23	+0.20
Calmar ratio: Return relative to maximum drawdown	2.76	1.82	+0.94
Martin ratio: Return relative to average drawdown	10.44	5.18	+5.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARP vs. BSR - Sharpe Ratio Comparison

The current ARP Sharpe Ratio is 2.06, which is higher than the BSR Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of ARP and BSR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ARP	BSR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	1.29	+0.77
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	0.48	+0.88

Drawdowns

ARP vs. BSR - Drawdown Comparison

The maximum ARP drawdown since its inception was -10.13%, smaller than the maximum BSR drawdown of -15.68%. Use the drawdown chart below to compare losses from any high point for ARP and BSR.

Drawdown Indicators

	ARP	BSR	Difference
Max Drawdown Largest peak-to-trough decline	-10.13%	-15.68%	+5.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-6.15%	-3.98%
Max Drawdown (3Y) Largest decline over 3 years	-10.13%	-15.68%	+5.55%
Current Drawdown Current decline from peak	-0.29%	-4.84%	+4.55%
Average Drawdown Average peak-to-trough decline	-1.81%	-4.58%	+2.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.16%	+0.51%

Volatility

ARP vs. BSR - Volatility Comparison

Pmv Adaptive Risk Parity ETF (ARP) has a higher volatility of 2.95% compared to Beacon Selective Risk ETF (BSR) at 2.20%. This indicates that ARP's price experiences larger fluctuations and is considered to be riskier than BSR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARP	BSR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.95%	2.20%	+0.75%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	6.42%	+5.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	8.65%	+4.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.06%	16.27%	-6.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.06%	16.27%	-6.21%

ARP vs. BSR - Expense Ratio Comparison

ARP has a 1.42% expense ratio, which is higher than BSR's 1.10% expense ratio.

Dividends

ARP vs. BSR - Dividend Comparison

ARP's dividend yield for the trailing twelve months is around 5.86%, more than BSR's 2.81% yield.

Position	TTM	2025	2024	2023	2022
ARP Pmv Adaptive Risk Parity ETF	5.86%	6.54%	5.29%	2.67%	0.06%
BSR Beacon Selective Risk ETF	2.81%	2.89%	0.89%	1.08%	0.00%

Frequently Asked Questions

Can I hold both ARP and BSR in my portfolio?

ARP and BSR have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ARP or BSR?

ARP has higher volatility (2.95%) compared to BSR (2.20%). In terms of maximum drawdown, ARP dropped -10.13% vs BSR's -15.68%.

Which ETF is better, ARP or BSR?

On 3-year performance, ARP leads with 15.46% vs 7.53% for BSR. On fees, BSR is cheaper at 1.10% per year. On volatility, BSR has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ARP or BSR?

Over the 3-year period, ARP has performed better with a 15.46% return vs 7.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ARP or BSR?

BSR is cheaper with a 1.10% expense ratio, compared with 1.42% for ARP.

Which ETF pays a higher dividend yield, ARP or BSR?

ARP has the higher dividend yield at 5.86%, compared with 2.81% for BSR.

What is the main difference between ARP and BSR?

They also come from different issuers: PMV and American Beacon. Their fees differ too: 1.42% for ARP and 1.10% for BSR.

Which has better risk-adjusted returns?

ARP currently has the higher Sharpe Ratio (2.06 vs 1.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.