ARP Performance — PMV Adaptive Risk Parity ETF
Data updated: 2026-09-28
ARP returned +3.65% year to date and +22.52% over one year to Jul 2026. The annualised 3-year return is +12.91%. The fund beat its US Multi-Cap Blend category average: $100 invested three years ago grew to $144, against $139 for the category, and to $123 over one year, against $114. Volatility over the past three years was 8.87% a year. In the 12 months to Jul 2026 the fund took in a net $22.5M, and assets reached $72.85M.
ARP Growth of $100
What $100 invested in PMV Adaptive Risk Parity ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Blend category average over the same months.
| Period | ARP | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $123 | $114 |
| 3 years (Aug 2023 – Jul 2026) | $144 | $139 |
| Since data start (Nov 2022 – Jul 2026) | $151 | $152 |
ARP Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.65% |
| 1 year | +22.52% |
| 3 years (annualised) | +12.91% |
ARP Annual Returns
Calendar-year total returns of PMV Adaptive Risk Parity ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +3.65% |
| 2025 | +22.32% |
| 2024 | +15.87% |
| 2023 (Feb–Dec) | −0.22% |
| 2022 (Nov–Nov) | +3.01% |
ARP Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.4% | +4.6% | −6.9% | +5.5% | +0.6% | −3.2% | +2.1% | — | — | — | — | — |
| 2025 | +1.2% | −0.3% | −0.4% | −0.2% | −0.2% | +1.9% | +1.5% | +2.5% | +5.1% | +2.9% | +5.8% | +0.8% |
| 2024 | +1.8% | −2.0% | +2.6% | +3.3% | +1.3% | +1.7% | +3.1% | −1.0% | +1.8% | +1.1% | +2.5% | −1.3% |
| 2023 | — | +0.5% | +1.3% | −3.9% | +2.6% | +1.8% | −0.3% | +0.4% | −3.3% | −1.8% | +1.0% | +1.8% |
| 2022 | — | — | — | — | — | — | — | — | — | — | +3.0% | — |
ARP Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 8.87%
- 3-year Sharpe ratio: 0.95 (vs 4.5% risk-free rate)
- Best month: +5.83% (Nov 2025)
- Worst month: −6.91% (Mar 2026)
ARP Fund Flows
Monthly money in and out of PMV Adaptive Risk Parity ETF, from SEC Form N-PORT.
- 12-month net flow: $22.5M
- 12-month gross sales (incl. reinvestments): $133.4M
- Sales ÷ redemptions: 1.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $15.4M | $6.5M | $8.9M |
| Jun 2026 | $0 | $13.8M | −$13.8M |
| May 2026 | $6.2M | $0 | $6.2M |
| Apr 2026 | $14.1M | $10.6M | $3.5M |
| Mar 2026 | $15.3M | $4.3M | $11.1M |
| Feb 2026 | $7.5M | $10.5M | −$3.0M |
| Jan 2026 | $10.7M | $10.6M | $158K |
| Dec 2025 | $26.8M | $24.8M | $2.1M |
| Nov 2025 | $9.5M | $4.6M | $4.9M |
| Oct 2025 | $10.2M | $9.5M | $787K |
| Sep 2025 | $5.0M | $4.1M | $891K |
| Aug 2025 | $12.6M | $11.7M | $908K |
ARP Assets Under Management
Net assets of PMV Adaptive Risk Parity ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $72.85M |
| 2026-04-30 | $71.93M |
| 2026-01-31 | $58.19M |
| 2025-10-31 | $50.37M |
| 2025-07-31 | $42.88M |
| 2025-04-30 | $39.36M |
| 2025-01-31 | $29.98M |
| 2024-10-31 | $27.97M |
| 2024-07-31 | $26.89M |
| 2024-04-30 | $22.43M |
| 2024-01-31 | $22.85M |
| 2023-10-31 | $22.43M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.