ARP vs. ESBG
ARP (Pmv Adaptive Risk Parity ETF) and ESBG (First Trust Enhanced Stocks, Bonds & Gold ETF) are both Tactical Allocation funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. ARP charges 1.42%/yr vs 0.95%/yr for ESBG.
Performance
ARP vs. ESBG - Performance Comparison
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Returns By Period
In the year-to-date period, ARP achieves a 11.60% return, which is significantly higher than ESBG's 5.13% return.
ARP
- 1D
- -0.29%
- 1M
- 2.94%
- YTD
- 11.60%
- 6M
- 12.32%
- 1Y
- 27.77%
- 3Y*
- 15.46%
- 5Y*
- —
- 10Y*
- —
ESBG
- 1D
- -1.16%
- 1M
- 1.36%
- YTD
- 5.13%
- 6M
- 6.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ARP vs. ESBG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ARP Pmv Adaptive Risk Parity ETF | 11.60% | 3.46% |
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 5.13% | 5.72% |
Correlation
The correlation between ARP and ESBG is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.83 |
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Return for Risk
ARP vs. ESBG — Risk / Return Rank
ARP
ESBG
ARP vs. ESBG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pmv Adaptive Risk Parity ETF (ARP) and First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG). 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 | ESBG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | — | — |
| Martin ratioReturn relative to average drawdown | 10.44 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ARP | ESBG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.36 | 0.88 | +0.48 |
Drawdowns
ARP vs. ESBG - Drawdown Comparison
The maximum ARP drawdown since its inception was -10.13%, smaller than the maximum ESBG drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for ARP and ESBG.
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Drawdown Indicators
| ARP | ESBG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.13% | -18.84% | +8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -10.13% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -10.13% | — | — |
Current DrawdownCurrent decline from peak | -0.29% | -10.85% | +10.56% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -6.24% | +4.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | — | — |
Volatility
ARP vs. ESBG - Volatility Comparison
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Volatility by Period
| ARP | ESBG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.70% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 25.27% | -11.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.06% | 25.27% | -15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.06% | 25.27% | -15.21% |
ARP vs. ESBG - Expense Ratio Comparison
ARP has a 1.42% expense ratio, which is higher than ESBG's 0.95% expense ratio.
Dividends
ARP vs. ESBG - Dividend Comparison
ARP's dividend yield for the trailing twelve months is around 5.86%, more than ESBG's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ARP Pmv Adaptive Risk Parity ETF | 5.86% | 6.54% | 5.29% | 2.67% | 0.06% |
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF | 0.58% | 0.24% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ARP and ESBG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESBG is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESBG is cheaper with a 0.95% expense ratio, compared with 1.42% for ARP.
ARP has the higher dividend yield at 5.86%, compared with 0.58% for ESBG.
They also come from different issuers: PMV and First Trust. Their fees differ too: 1.42% for ARP and 0.95% for ESBG.
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