MOOD vs. ARP

Last updated Jun 25, 2026

MOOD (Relative Sentiment Tactical Allocation ETF) and ARP (Pmv Adaptive Risk Parity ETF) are both Tactical Allocation funds. Both are actively managed. Over the past 3 years, MOOD returned 19.78%/yr vs 13.14%/yr for ARP. Their correlation of 0.81 suggests significant overlap in exposure. MOOD charges 0.73%/yr vs 1.42%/yr for ARP.

Performance

MOOD vs. ARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Relative Sentiment Tactical Allocation ETF (MOOD) 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, MOOD achieves a 12.13% return, which is significantly higher than ARP's 5.09% return.

MOOD

• 1D: -0.50%
• 1M: -0.70%
• YTD: 12.13%
• 6M: 10.70%
• 1Y: 31.67%
• 3Y*: 19.78%
• 5Y*: —
• 10Y*: —

ARP

• 1D: -1.02%
• 1M: -4.73%
• YTD: 5.09%
• 6M: 3.08%
• 1Y: 19.47%
• 3Y*: 13.14%
• 5Y*: —
• 10Y*: —

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

MOOD vs. ARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MOOD Relative Sentiment Tactical Allocation ETF	12.13%	30.39%	12.53%	12.56%	-1.25%
ARP Pmv Adaptive Risk Parity ETF	5.09%	18.33%	13.79%	3.66%	-0.82%

Correlation

The correlation between MOOD and ARP is 0.91, 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	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.81

The correlation between MOOD and ARP shifts across timeframes, from 0.81 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.

MOOD vs. ARP - Sectors Allocation Comparison

Sectors	MOOD	ARP
Technology	28.0%	31.6%
Financial Services	16.2%	14.4%
Industrials	13.0%	11.8%
Consumer Cyclical	9.0%	9.4%
Healthcare	8.7%	6.4%
Communication Services	7.1%	8.1%
Consumer Defensive	4.6%	5.7%
Basic Materials	4.4%	5.0%
Energy	3.6%	3.6%
Utilities	2.6%	2.5%
Real Estate	2.6%	1.7%

Return for Risk

MOOD vs. ARP — Risk / Return Rank

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

MOOD

MOOD Risk / Return Rank: 70
MOOD Sharpe Ratio Rank: 76
MOOD Sortino Ratio Rank: 62
MOOD Omega Ratio Rank: 80
MOOD Calmar Ratio Rank: 72
MOOD Martin Ratio Rank: 62

ARP

ARP Risk / Return Rank: 43
ARP Sharpe Ratio Rank: 42
ARP Sortino Ratio Rank: 36
ARP Omega Ratio Rank: 47
ARP Calmar Ratio Rank: 43
ARP Martin Ratio Rank: 46

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.

MOOD vs. ARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Relative Sentiment Tactical Allocation ETF (MOOD) 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.

	MOOD	ARP	Difference
Sharpe ratio: Return per unit of total volatility	2.17	1.34	+0.83
Sortino ratio: Return per unit of downside risk	2.60	1.73	+0.86
Omega ratio: Gain probability vs. loss probability	1.42	1.27	+0.15
Calmar ratio: Return relative to maximum drawdown	3.28	1.93	+1.35
Martin ratio: Return relative to average drawdown	10.08	6.91	+3.17

MOOD vs. ARP - Sharpe Ratio Comparison

The current MOOD Sharpe Ratio is 2.17, which is higher than the ARP Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of MOOD 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

MOOD vs. ARP - Drawdown Comparison

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

Drawdown Indicators

	MOOD	ARP	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-10.13%	-4.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-10.13%	+0.42%
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	-10.13%	+0.42%
Current Drawdown Current decline from peak	-3.06%	-6.10%	+3.04%
Average Drawdown Average peak-to-trough decline	-2.31%	-1.84%	-0.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.82%	+0.33%

Volatility

MOOD vs. ARP - Volatility Comparison

The current volatility for Relative Sentiment Tactical Allocation ETF (MOOD) is 4.69%, while Pmv Adaptive Risk Parity ETF (ARP) has a volatility of 5.66%. This indicates that MOOD experiences smaller price fluctuations and is considered to be less risky than ARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOOD	ARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	5.66%	-0.97%
Volatility (6M) Calculated over the trailing 6-month period	12.96%	12.91%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.69%	14.59%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.18%	10.40%	+1.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.18%	10.40%	+1.78%

MOOD vs. ARP - Expense Ratio Comparison

MOOD has a 0.73% expense ratio, which is lower than ARP's 1.42% expense ratio.

Dividends

MOOD vs. ARP - Dividend Comparison

MOOD's dividend yield for the trailing twelve months is around 0.36%, less than ARP's 6.22% yield.

Position	TTM	2025	2024	2023	2022
ARP Pmv Adaptive Risk Parity ETF	6.22%	6.54%	5.29%	2.67%	0.06%
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%

Frequently Asked Questions

Can I hold both MOOD and ARP in my portfolio?

With a correlation of 0.91, MOOD and ARP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MOOD or ARP?

ARP has higher volatility (5.66%) compared to MOOD (4.69%). In terms of maximum drawdown, MOOD dropped -14.34% vs ARP's -10.13%.

Which ETF is better, MOOD or ARP?

On 3-year performance, MOOD leads with 19.78% vs 13.14% for ARP. On fees, MOOD is cheaper at 0.73% per year. On volatility, MOOD has been the lower-risk option at 4.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOOD or ARP?

Over the 3-year period, MOOD has performed better with a 19.78% return vs 13.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOOD or ARP?

MOOD is cheaper with a 0.73% expense ratio, compared with 1.42% for ARP.

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

ARP has the higher dividend yield at 6.22%, compared with 0.36% for MOOD.

What is the main difference between MOOD and ARP?

They also come from different issuers: Relative Sentiment and PMV. Their fees differ too: 0.73% for MOOD and 1.42% for ARP.

Which has better risk-adjusted returns?

MOOD currently has the higher Sharpe Ratio (2.17 vs 1.34), 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.