ARP vs. MOOD

Last updated Apr 1, 2026

Compare and contrast key facts about Pmv Adaptive Risk Parity ETF (ARP) and Relative Sentiment Tactical Allocation ETF (MOOD).

ARP and MOOD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARP is an actively managed fund by PMV. It was launched on Dec 21, 2022. MOOD is an actively managed fund by Relative Sentiment. It was launched on May 18, 2022.

Performance

ARP vs. MOOD - Performance Comparison

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

ARP vs. MOOD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ARP Pmv Adaptive Risk Parity ETF	3.90%	18.33%	13.79%	3.66%	-0.57%
MOOD Relative Sentiment Tactical Allocation ETF	6.71%	30.39%	12.53%	12.56%	-0.37%

Returns By Period

In the year-to-date period, ARP achieves a 3.90% return, which is significantly lower than MOOD's 6.71% return.

ARP

• 1D: 3.03%
• 1M: -6.99%
• YTD: 3.90%
• 6M: 8.65%
• 1Y: 20.84%
• 3Y*: 13.09%
• 5Y*: —
• 10Y*: —

MOOD

• 1D: 1.73%
• 1M: -5.99%
• YTD: 6.71%
• 6M: 13.43%
• 1Y: 31.94%
• 3Y*: 18.49%
• 5Y*: —
• 10Y*: —

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

ARP vs. MOOD - Expense Ratio Comparison

ARP has a 1.42% expense ratio, which is higher than MOOD's 0.68% expense ratio.

ARP

Pmv Adaptive Risk Parity ETF

MOOD

Relative Sentiment Tactical Allocation ETF

Return for Risk

ARP vs. MOOD — Risk / Return Rank

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

ARP

ARP Risk / Return Rank: 80
ARP Sharpe Ratio Rank: 81
ARP Sortino Ratio Rank: 78
ARP Omega Ratio Rank: 82
ARP Calmar Ratio Rank: 79
ARP Martin Ratio Rank: 82

MOOD

MOOD Risk / Return Rank: 93
MOOD Sharpe Ratio Rank: 94
MOOD Sortino Ratio Rank: 92
MOOD Omega Ratio Rank: 95
MOOD Calmar Ratio Rank: 93
MOOD Martin Ratio Rank: 91

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. MOOD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pmv Adaptive Risk Parity ETF (ARP) and Relative Sentiment Tactical Allocation ETF (MOOD). 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	MOOD	Difference
Sharpe ratio Return per unit of total volatility	1.53	2.25	-0.72
Sortino ratio Return per unit of downside risk	1.98	2.68	-0.70
Omega ratio Gain probability vs. loss probability	1.32	1.45	-0.13
Calmar ratio Return relative to maximum drawdown	2.12	3.32	-1.20
Martin ratio Return relative to average drawdown	9.09	11.99	-2.90
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. MOOD - Sharpe Ratio Comparison

The current ARP Sharpe Ratio is 1.53, which is lower than the MOOD Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of ARP and MOOD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARP	MOOD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	2.25	-0.72
Sharpe Ratio (All Time) Calculated using the full available price history	1.18	1.23	-0.06

Correlation

The correlation between ARP and MOOD is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ARP vs. MOOD - Dividend Comparison

ARP's dividend yield for the trailing twelve months is around 6.29%, more than MOOD's 0.38% yield.

	TTM	2025	2024	2023	2022
ARP Pmv Adaptive Risk Parity ETF	6.29%	6.54%	5.29%	2.67%	0.06%
MOOD Relative Sentiment Tactical Allocation ETF	0.38%	0.40%	1.33%	1.34%	1.43%

Drawdowns

ARP vs. MOOD - Drawdown Comparison

The maximum ARP drawdown since its inception was -10.13%, smaller than the maximum MOOD drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for ARP and MOOD.

Drawdown Indicators

	ARP	MOOD	Difference
Max Drawdown Largest peak-to-trough decline	-10.13%	-14.34%	+4.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-9.71%	-0.42%
Current Drawdown Current decline from peak	-6.99%	-7.29%	+0.30%
Average Drawdown Average peak-to-trough decline	-1.77%	-2.27%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.36%	2.69%	-0.33%

Volatility

ARP vs. MOOD - Volatility Comparison

Pmv Adaptive Risk Parity ETF (ARP) has a higher volatility of 7.58% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 5.20%. This indicates that ARP's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARP	MOOD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.58%	5.20%	+2.38%
Volatility (6M) Calculated over the trailing 6-month period	12.65%	13.00%	-0.35%
Volatility (1Y) Calculated over the trailing 1-year period	13.66%	14.26%	-0.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.13%	12.18%	-2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.13%	12.18%	-2.05%