CORO vs. ARP

Last updated Jun 24, 2026

CORO (iShares International Country Rotation Active ETF) and ARP (Pmv Adaptive Risk Parity ETF) are both Tactical Allocation funds. Both are actively managed. Over the past year, CORO returned 35.20% vs 20.70% for ARP. A 0.75 correlation means they provide meaningful diversification when combined. CORO charges 0.55%/yr vs 1.42%/yr for ARP.

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.

Returns By Period

In the year-to-date period, CORO achieves a 16.27% return, which is significantly higher than ARP's 6.18% return.

CORO

• 1D: -3.19%
• 1M: 1.15%
• YTD: 16.27%
• 6M: 16.40%
• 1Y: 35.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARP

• 1D: -2.15%
• 1M: -3.75%
• YTD: 6.18%
• 6M: 4.15%
• 1Y: 20.70%
• 3Y*: 13.53%
• 5Y*: —
• 10Y*: —

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

CORO vs. ARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CORO iShares International Country Rotation Active ETF	16.27%	35.09%	-3.56%
ARP Pmv Adaptive Risk Parity ETF	6.18%	18.33%	-1.08%

Correlation

The correlation between CORO and ARP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.75

The correlation between CORO and ARP has been stable across timeframes, ranging from 0.75 to 0.81 - a consistent structural relationship.

CORO vs. ARP - Sectors Allocation Comparison

Sectors	CORO	ARP
Technology	24.8%	31.6%
Financial Services	22.7%	14.4%
Industrials	13.7%	11.8%
Consumer Cyclical	7.0%	9.4%
Healthcare	5.9%	6.4%
Basic Materials	5.3%	5.0%
Energy	5.2%	3.6%
Consumer Defensive	4.9%	5.7%
Communication Services	4.8%	8.1%
Utilities	3.5%	2.5%
Real Estate	2.1%	1.7%

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: 69
CORO Sharpe Ratio Rank: 70
CORO Sortino Ratio Rank: 66
CORO Omega Ratio Rank: 71
CORO Calmar Ratio Rank: 67
CORO Martin Ratio Rank: 70

ARP

ARP Risk / Return Rank: 44
ARP Sharpe Ratio Rank: 43
ARP Sortino Ratio Rank: 37
ARP Omega Ratio Rank: 48
ARP Calmar Ratio Rank: 44
ARP Martin Ratio Rank: 47

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.

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.

	CORO	ARP	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.43	+0.68
Sortino ratio: Return per unit of downside risk	2.83	1.83	+0.99
Omega ratio: Gain probability vs. loss probability	1.39	1.29	+0.10
Calmar ratio: Return relative to maximum drawdown	3.14	2.05	+1.09
Martin ratio: Return relative to average drawdown	12.31	7.41	+4.90

CORO vs. ARP - Sharpe Ratio Comparison

The current CORO Sharpe Ratio is 2.11, which is higher than the ARP Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of CORO and ARP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-11.25%	-10.13%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.13%	—
Current Drawdown Current decline from peak	-3.19%	-5.13%	+1.94%
Average Drawdown Average peak-to-trough decline	-1.75%	-1.84%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	2.80%	+0.07%

Volatility

CORO vs. ARP - Volatility Comparison

iShares International Country Rotation Active ETF (CORO) has a higher volatility of 7.56% compared to Pmv Adaptive Risk Parity ETF (ARP) at 5.60%. 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	7.56%	5.60%	+1.96%
Volatility (6M) Calculated over the trailing 6-month period	14.84%	12.88%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	16.79%	14.55%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.30%	10.39%	+6.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.30%	10.39%	+6.91%

CORO vs. ARP - Expense Ratio Comparison

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

Dividends

CORO vs. ARP - Dividend Comparison

CORO's dividend yield for the trailing twelve months is around 2.75%, less than ARP's 6.16% yield.

Position	TTM	2025	2024	2023	2022
ARP Pmv Adaptive Risk Parity ETF	6.16%	6.54%	5.29%	2.67%	0.06%
CORO iShares International Country Rotation Active ETF	2.75%	3.20%	1.53%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CORO and ARP in my portfolio?

CORO and ARP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CORO or ARP?

CORO has higher volatility (7.56%) compared to ARP (5.60%). In terms of maximum drawdown, CORO dropped -14.13% vs ARP's -10.13%.

Which ETF is better, CORO or ARP?

On 1-year performance, CORO leads with 35.20% vs 20.70% for ARP. On fees, CORO is cheaper at 0.55% per year. On volatility, ARP has been the lower-risk option at 5.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CORO or ARP?

Over the 1-year period, CORO has performed better with a 35.20% return vs 20.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CORO or ARP?

CORO is cheaper with a 0.55% expense ratio, compared with 1.42% for ARP.

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

ARP has the higher dividend yield at 6.16%, compared with 2.75% for CORO.

What is the main difference between CORO and ARP?

They also come from different issuers: iShares and PMV. Their fees differ too: 0.55% for CORO and 1.42% for ARP.

Which has better risk-adjusted returns?

CORO currently has the higher Sharpe Ratio (2.11 vs 1.43), 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.