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PMV Adaptive Risk Parity ETF

ARP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 21 2022
Expense Ratio
0.69%
Type
Global Diversified
Fund Owner
PMV Capital
Volume (1m avg. daily)
$1,524,856
AUM
$23,399,121
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Dividend
No
Prospectus

Top 10 Holdings

SHV
BlackRock Institutional Trust Company N.A. - iShares Short Treasury Bond ETF
26.13%
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
25.43%
VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
20.88%
PHYS
SPROTT PHYSICAL GOLD TRUST
13.57%
VWO
Vanguard Group, Inc. - Vanguard FTSE Emerging Markets ETF
6.97%
PDBC
Invesco Capital Management LLC - Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
6.88%
n/a
Cash
0.13%
Invest with ARP

What is ARP?

The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by taking advantage of broad asset trends throughout the economic cycle. The Adviser actively monitors asset class pricing trends to determine characteristics used for portfolio construction, including measurements of risk, returns, and asset correlations. The Adviser then uses this information to inform the security selection process for the Fund, with an emphasis on securities that have had better recent performance compared to other securities under similar market conditions. The Fund will obtain investment exposure to a variety of asset classes, including equities (primarily U.S. equities, non U.S. developed market equities, and emerging market equities), fixed income securities including U.S. Treasuries, broad commodities (specifically, a diverse group of heavily traded commodities across the energy, precious metals, industrial metals and agriculture sectors), physical gold, currencies, and cash. The Fund operates in a manner that is commonly referred to as a "fund of funds" and obtains investment exposure to the asset classes described above primarily by investing in one or more exchange-traded products ("ETPs"), including ETFs and exchange-traded commodity pools, designed to track the performance of such asset classes.

ETFs related toARP

ETFs correlated to ARP include PPIE, LDEM, BKCI

ARP
Advisors Inner Circle Fund II - PMV Adaptive Risk Parity ETF
PPIE
Putnam ETF Trust - Putnam PanAgora ESG International Equity ETF
LDEM
iShares Trust - iShares ESG MSCI EM Leaders ETF
BKCI
BNY Mellon ETF Trust - BNY Mellon Concentrated International ETF
JIG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan International Growth ETF
DBAW
DBX ETF Trust - Xtrackers MSCI All World ex US Hedged Equity ETF
IEV
BlackRock Institutional Trust Company N.A. - iShares Europe ETF
HAWX
BlackRock Institutional Trust Company N.A. - iShares Currency Hedged MSCI ACWI ex U.S. ETF
IQDF
FlexShares Trust - FlexShares International Quality Dividend Index Fund
HFXI
IndexIQ ETF Trust - IQ FTSE International Equity Currency Neutral ETF
DNL
WisdomTree Trust - WisdomTree Global ex-U.S. Quality Dividend Growth Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.