TRTY vs. ARP

Last updated Jun 4, 2026

TRTY (Cambria Trinity ETF) and ARP (Pmv Adaptive Risk Parity ETF) are both Tactical Allocation funds. TRTY is passively managed, while ARP is actively managed. Over the past 3 years, TRTY returned 11.86%/yr vs 15.58%/yr for ARP. A 0.70 correlation means they provide meaningful diversification when combined. TRTY charges 0.44%/yr vs 1.42%/yr for ARP.

Performance

TRTY vs. ARP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Trinity ETF (TRTY) 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, TRTY achieves a 10.10% return, which is significantly lower than ARP's 11.92% return.

TRTY

• 1D: -0.42%
• 1M: 0.96%
• YTD: 10.10%
• 6M: 11.29%
• 1Y: 23.79%
• 3Y*: 11.86%
• 5Y*: 5.91%
• 10Y*: —

ARP

• 1D: 0.50%
• 1M: 3.16%
• YTD: 11.92%
• 6M: 12.78%
• 1Y: 27.65%
• 3Y*: 15.58%
• 5Y*: —
• 10Y*: —

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

TRTY vs. ARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TRTY Cambria Trinity ETF	10.10%	16.35%	3.89%	3.97%	1.01%
ARP Pmv Adaptive Risk Parity ETF	11.92%	18.33%	13.79%	3.66%	-0.57%

Correlation

The correlation between TRTY and ARP is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022	0.70

The correlation between TRTY and ARP shifts across timeframes, from 0.70 (all time) to 0.84 (1 year), reflecting how their relationship changes across market environments.

TRTY vs. ARP - Sectors Allocation Comparison

Sectors	TRTY	ARP
Energy	18.2%	5.5%
Financial Services	15.8%	22.7%
Industrials	13.4%	16.9%
Basic Materials	11.1%	7.8%
Real Estate	8.7%	2.7%
Consumer Cyclical	7.9%	8.5%
Technology	7.7%	14.6%
Utilities	6.9%	3.4%
Communication Services	3.9%	4.3%
Consumer Defensive	3.8%	5.5%
Healthcare	2.6%	8.1%

Return for Risk

TRTY vs. ARP — Risk / Return Rank

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

TRTY

TRTY Risk / Return Rank: 79
TRTY Sharpe Ratio Rank: 76
TRTY Sortino Ratio Rank: 68
TRTY Omega Ratio Rank: 83
TRTY Calmar Ratio Rank: 82
TRTY Martin Ratio Rank: 85

ARP

ARP Risk / Return Rank: 60
ARP Sharpe Ratio Rank: 60
ARP Sortino Ratio Rank: 52
ARP Omega Ratio Rank: 70
ARP Calmar Ratio Rank: 56
ARP Martin Ratio Rank: 60

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.

TRTY vs. ARP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) 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.

	TRTY	ARP	Difference
Sharpe ratio Return per unit of total volatility	2.50	2.05	+0.45
Sortino ratio Return per unit of downside risk	3.17	2.56	+0.61
Omega ratio Gain probability vs. loss probability	1.50	1.43	+0.08
Calmar ratio Return relative to maximum drawdown	4.35	2.82	+1.53
Martin ratio Return relative to average drawdown	17.99	10.70	+7.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRTY vs. ARP - Sharpe Ratio Comparison

The current TRTY Sharpe Ratio is 2.50, which is comparable to the ARP Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of TRTY 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.

Sharpe Ratios by Period

	TRTY	ARP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.05	+0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	1.37	-0.76

Drawdowns

TRTY vs. ARP - Drawdown Comparison

The maximum TRTY drawdown since its inception was -22.35%, which is greater than ARP's maximum drawdown of -10.13%. Use the drawdown chart below to compare losses from any high point for TRTY and ARP.

Drawdown Indicators

	TRTY	ARP	Difference
Max Drawdown Largest peak-to-trough decline	-22.35%	-10.13%	-12.22%
Max Drawdown (1Y) Largest decline over 1 year	-5.49%	-10.13%	+4.64%
Max Drawdown (3Y) Largest decline over 3 years	-9.25%	-10.13%	+0.88%
Max Drawdown (5Y) Largest decline over 5 years	-13.72%	—	—
Current Drawdown Current decline from peak	-0.62%	0.00%	-0.62%
Average Drawdown Average peak-to-trough decline	-4.17%	-1.82%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	2.67%	-1.34%

Volatility

TRTY vs. ARP - Volatility Comparison

The current volatility for Cambria Trinity ETF (TRTY) is 2.35%, while Pmv Adaptive Risk Parity ETF (ARP) has a volatility of 2.93%. This indicates that TRTY 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

	TRTY	ARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.35%	2.93%	-0.58%
Volatility (6M) Calculated over the trailing 6-month period	8.25%	11.70%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	9.54%	13.54%	-4.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.62%	10.07%	+0.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.41%	10.07%	+0.34%

TRTY vs. ARP - Expense Ratio Comparison

TRTY has a 0.44% expense ratio, which is lower than ARP's 1.42% expense ratio.

Dividends

TRTY vs. ARP - Dividend Comparison

TRTY's dividend yield for the trailing twelve months is around 3.01%, less than ARP's 5.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ARP Pmv Adaptive Risk Parity ETF	5.84%	6.54%	5.29%	2.67%	0.06%	0.00%	0.00%	0.00%	0.00%
TRTY Cambria Trinity ETF	3.01%	2.86%	3.55%	3.24%	5.17%	4.52%	1.99%	2.64%	1.07%

Frequently Asked Questions

Can I hold both TRTY and ARP in my portfolio?

TRTY and ARP have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRTY or ARP?

ARP has higher volatility (2.93%) compared to TRTY (2.35%). In terms of maximum drawdown, TRTY dropped -22.35% vs ARP's -10.13%.

Which ETF is better, TRTY or ARP?

On 3-year performance, ARP leads with 15.58% vs 11.86% for TRTY. On fees, TRTY is cheaper at 0.44% per year. On volatility, TRTY has been the lower-risk option at 2.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRTY or ARP?

Over the 3-year period, ARP has performed better with a 15.58% return vs 11.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRTY or ARP?

TRTY is cheaper with a 0.44% expense ratio, compared with 1.42% for ARP.

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

ARP has the higher dividend yield at 5.84%, compared with 3.01% for TRTY.

What is the main difference between TRTY and ARP?

They also come from different issuers: Cambria and PMV. Their fees differ too: 0.44% for TRTY and 1.42% for ARP.

Which has better risk-adjusted returns?

TRTY currently has the higher Sharpe Ratio (2.50 vs 2.05), 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.