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ARP · PMV Adaptive Risk Parity ETF

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$33.33
−0.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

ARP is actively managed and returned +13.9% over the past year.

What drove ARP’s returns?Is a 1.42% fee low for a fund like ARP?What does ARP cost to hold and to trade?
Equity fund · Actively managedExpense ratio 1.42%Fund assets $73m net assets, latest filing (Jul 31, 2026)First traded Dec 22, 2022Benchmark Its own holdings, as of Jul 31, 2026; its prospectus names no index it tracksSEC filings ↗Dividend history

ARP returned +13.9% over the year to Nov 4, 2026, charges 1.42% a year and holds $73m in net assets on Jul 31, 2026.

Promise check: Not measuredIt names no index it tracks.

Compare with…Trading costsPut to the committeeaskIQ about ARPAdd to portfolioAlerts

ARP risk and return scorecard

Not measured: no scorecard was computed for this fund.

Method

What you earned

ARP −2.7%: total return over one month to Nov 4, 2026.
ARP−2.7%
ARP +0.5%: total return over three months to Nov 4, 2026.
ARP+0.5%
ARP 0.0%: total return over six months to Nov 4, 2026.
ARP0.0%
ARP +10.4%: total return over the year to Nov 4, 2026.
ARP+10.4%
ARP +13.9%: total return over one year to Nov 4, 2026.
ARP+13.9%
ARP +52.7%: total return over three years to Nov 4, 2026.
ARP+52.7%
ARP +53.2%: total return since launch to Nov 4, 2026.
ARP+53.2%
askIQ: what drove ARP’s returns? ↗

How concentrated, and what does it cost?

No index, actively managed
+13.9%
Total return, 1 year
Report
1.42%
Expense ratio
Report
7
Holdings
Report
−3.9%
Below its high
Report
6.3%
12-month yield, capital gains included, on its starting price
Report
$1.9744
Last payment (paid annually), ex-date Dec 30, 2025
Report
Sector mix
Cost against like funds
askIQ: is a 1.42% fee low for a fund like ARP? ↗

More on ARP

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Price and total return, 1 year

$33.33−0.3%1 day, priceClose, Nov 4, 2026

Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

ARP returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Oct 5 – Nov 4, 2026−2.7%−1.0%
3M Aug 5 – Nov 4, 2026+0.5%−0.1%
6M May 6 – Nov 4, 20260.0%+5.0%
YTD Dec 31, 2025 – Nov 4, 2026+10.4%+13.3%
1Y Nov 4, 2025 – Nov 4, 2026+13.9%+14.8%
3Y Nov 3, 2023 – Nov 4, 2026+52.7%+82.9%
Since launch Dec 22, 2022 – Nov 4, 2026+53.2%+111.2%
Since launch, annualised Dec 22, 2022 – Nov 4, 2026+11.6%–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

ARP key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$34.66 on Sep 22, 2026
52-week low, daily closes to Nov 4, 2026 (ETFIQ)$30.20 on Dec 31, 2025
Close on Nov 4, 2026, within that range (ETFIQ)$33.33, 70% of the way from the low to the high
Holdings7
Top ten weight99.8%
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026
Trading · ARPas of Nov 4, 2026
·
Not scored1 of 6 measured · Nov 4, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
One dealer
How to tradeSpread not read.
Full trading page: components, premium history, dealers →

ARP for holders outside the US

US tax withheld on dividends, no treaty30%
Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%
ARP interest-related and short-term gain dividendsnot read by ETFIQ
US estate tax filing threshold, non-resident holders$60,000
Share classDistributing

ARP is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

About ARP

What it tracksNo index, actively managed
Fund typeEquity fund
Category (ETFIQ)Stocks · Global large-cap blend
Expense ratio (485BPOS XBRL, Feb 27, 2026)1.42%
Price$33.33
First tradedDec 22, 2022
Net assets (SEC filing, whole fund, as filed for Jul 31, 2026)$73mReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Jul 31, 2026; its prospectus names no index it tracks
ARP, Jul 31, 2026 to Nov 3, 2026+2.29%
Its book of Jul 31, 2026, the same days (ETFIQ, measured on 86% of the book by weight)+2.45%
Against its own holdings (ETFIQ)−0.16 pts
Below its high (ETFIQ)−3.9%
Holdings7
Top ten weight99.8%
Cash, not in the top ten0.2%
Holdings as of (SEC N-PORT)Jul 31, 2026
Already in the S&P 500, by weight (ETFIQ)0.0%
Active share vs the S&P 500 (ETFIQ)100.0%
Already in the Nasdaq-100, by weight (ETFIQ)0.0%
IQ Investment Committee on ARP

12 seats on ARP, as of Nov 4, 2026: 3 Mixed, 3 Challenges, 5 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherMixed
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationNot enough data
In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges
Put ARP to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about ARP

How has ARP performed?
Over the year to Nov 4, 2026, ARP returned +13.9% with distributions reinvested. Over three years the number is +52.7%.
What does ARP cost?
The prospectus expense ratio is 1.42% a year.
What does ARP hold?
7 positions as filed for Jul 31, 2026, with the top ten at 99.8% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is ARP below its high?
3.9% below its high of Sep 22, 2026, measured on the reinvested series to Nov 4, 2026.
Sources and dates
Prices, ARP and S&P 500 (SPY)Tiingo end-of-day · Nov 4, 2026
Fee, 1.42%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $73mSEC filing, whole fund · Jul 31, 2026
SourceHoldings filing (SEC Form N-PORT) ↗
IssuerPMV Capital website ↗
All fund filingsFund filings on SEC EDGAR ↗
PMV Capital’s own site ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →
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ETFIQ, ARP, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/arp

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

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ARP: ARP over 1 year: total return +13.9%. Data to Nov 4, 2026.
<figure style="margin:0;max-width:640px">
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<figcaption style="font:13px/1.5 sans-serif">ARP: ARP over 1 year: total return +13.9%. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/arp">ETFIQ</a></figcaption>
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