CORO vs. ARP

Last updated Apr 2, 2026

Compare and contrast key facts about iShares International Country Rotation Active ETF (CORO) and Pmv Adaptive Risk Parity ETF (ARP).

CORO and ARP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CORO is an actively managed fund by iShares. It was launched on Dec 3, 2024. ARP is an actively managed fund by PMV. It was launched on Dec 21, 2022.

Performance

CORO vs. ARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares International Country Rotation Active ETF (CORO) and Pmv Adaptive Risk Parity ETF (ARP). The values are adjusted to include any dividend payments, if applicable.

CORO vs. ARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORO iShares International Country Rotation Active ETF	5.23%	35.09%	-3.56%
ARP Pmv Adaptive Risk Parity ETF	5.13%	18.33%	-1.60%

Returns By Period

The year-to-date returns for both stocks are quite close, with CORO having a 5.23% return and ARP slightly lower at 5.13%.

CORO

• 1D: 1.70%
• 1M: -4.63%
• YTD: 5.23%
• 6M: 9.65%
• 1Y: 33.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARP

• 1D: 1.18%
• 1M: -5.77%
• YTD: 5.13%
• 6M: 9.49%
• 1Y: 22.15%
• 3Y*: 13.53%
• 5Y*: —
• 10Y*: —

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

CORO vs. ARP - Expense Ratio Comparison

CORO has a 0.55% expense ratio, which is lower than ARP's 1.42% expense ratio.

ARP

Pmv Adaptive Risk Parity ETF

CORO

iShares International Country Rotation Active ETF

Return for Risk

CORO vs. ARP — Risk / Return Rank

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

CORO

CORO Risk / Return Rank: 89
CORO Sharpe Ratio Rank: 89
CORO Sortino Ratio Rank: 89
CORO Omega Ratio Rank: 90
CORO Calmar Ratio Rank: 88
CORO Martin Ratio Rank: 88

ARP

ARP Risk / Return Rank: 79
ARP Sharpe Ratio Rank: 81
ARP Sortino Ratio Rank: 78
ARP Omega Ratio Rank: 82
ARP Calmar Ratio Rank: 76
ARP Martin Ratio Rank: 79

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.

CORO vs. ARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares International Country Rotation Active ETF (CORO) and Pmv Adaptive Risk Parity ETF (ARP). 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.

	CORO	ARP	Difference
Sharpe ratio Return per unit of total volatility	1.97	1.62	+0.35
Sortino ratio Return per unit of downside risk	2.61	2.08	+0.53
Omega ratio Gain probability vs. loss probability	1.39	1.34	+0.06
Calmar ratio Return relative to maximum drawdown	2.97	2.20	+0.77
Martin ratio Return relative to average drawdown	11.54	9.32	+2.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CORO vs. ARP - Sharpe Ratio Comparison

The current CORO Sharpe Ratio is 1.97, which is comparable to the ARP Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of CORO and ARP, 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

	CORO	ARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	1.62	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	1.22	+0.46

Correlation

The correlation between CORO and ARP is 0.73, 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

CORO vs. ARP - Dividend Comparison

CORO's dividend yield for the trailing twelve months is around 3.04%, less than ARP's 6.22% yield.

	TTM	2025	2024	2023	2022
CORO iShares International Country Rotation Active ETF	3.04%	3.20%	1.53%	0.00%	0.00%
ARP Pmv Adaptive Risk Parity ETF	6.22%	6.54%	5.29%	2.67%	0.06%

Drawdowns

CORO vs. ARP - Drawdown Comparison

The maximum CORO drawdown since its inception was -14.13%, which is greater than ARP's maximum drawdown of -10.13%. Use the drawdown chart below to compare losses from any high point for CORO and ARP.

Drawdown Indicators

	CORO	ARP	Difference
Max Drawdown Largest peak-to-trough decline	-14.13%	-10.13%	-4.00%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-10.13%	-1.18%
Current Drawdown Current decline from peak	-6.78%	-5.89%	-0.89%
Average Drawdown Average peak-to-trough decline	-1.75%	-1.77%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	2.39%	+0.53%

Volatility

CORO vs. ARP - Volatility Comparison

iShares International Country Rotation Active ETF (CORO) has a higher volatility of 7.78% compared to Pmv Adaptive Risk Parity ETF (ARP) at 6.89%. This indicates that CORO's price experiences larger fluctuations and is considered to be riskier than ARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CORO	ARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.78%	6.89%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	11.87%	12.69%	-0.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.00%	13.70%	+3.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.26%	10.15%	+6.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.26%	10.15%	+6.11%