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ETFs

PMV Adaptive Risk Parity ETF

ARP
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Dec 21 2022
Expense Ratio
1.38%
Type
Global Diversified
Fund Owner
PMV Capital
Volume (1m avg. daily)
$137,303
AUM
$25,052,860
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

VEA
Vanguard Group, Inc. - Vanguard FTSE Developed Markets ETF
21.91%
PHYS
SPROTT PHYSICAL GOLD TRUST
19.91%
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
13.87%
SHV
BlackRock Institutional Trust Company N.A. - iShares Short Treasury Bond ETF
13.69%
IAUF
BlackRock Institutional Trust Company N.A. - iShares Gold Strategy ETF
9.77%
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
7.20%
VOO
Vanguard Group, Inc. - Vanguard S&P 500 ETF
6.68%
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF
6.48%
n/a
Cash
0.49%
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 GWX, DFEV, DFAX

ARP
Advisors Inner Circle Fund II - PMV Adaptive Risk Parity ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
DFEV
Dimensional ETF Trust - Dimensional Emerging Markets Value ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
IXUS
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Total International Stock ETF
VXUS
Vanguard Group, Inc. - Vanguard Total International Stock ETF
DWX
SSgA Active Trust - SPDR S&P International Dividend ETF
DGS
WisdomTree Trust - WisdomTree Emerging Markets SmallCap Dividend Fund
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
VPL
Vanguard Group, Inc. - Vanguard FTSE Pacific ETF
ACWX
BlackRock Institutional Trust Company N.A. - iShares MSCI ACWI ex US ETF

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.

Automated Strategies
Related toARP

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

Risk Rating

Moderate

#DAVID

Copy David Swensen

Category

Classic, Copy the Greats

Risk Rating

Moderate

Create your own algorithmic trading strategy with ARP using Composer

FAQ

ARP is a Global Diversified ETF. 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.

Yes, ARP is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, ARP is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on ARP is -0.0045%. This is the percent change in the value of ARP over the most recent 1-month period. The 3-month return on ARP is 0.0085%. This is the percent change in the value of ARP over the most recent 3-month period.

ETFs similar to ARP include FPEI, RLY, and AOA.

ETFs correlated to ARP include GWX, DFEV, and DFAX.

ETFs that are inversely correlated to ARP include EDZ, EPV, and USDU.

Disclaimers

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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.