Pmv Adaptive Risk Parity ETF (ARP) Performance
ARP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +13.0% since Dec 31, 2025
- 1 year
- +15.2% total return
- 3 years
- +16.3% a year
- Since first price
- +12.4% a year since 2022
ARP trailing returns vs SPY, QQQ, AGG
| Period | ARP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.1% | +4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.1% | +5.1% | +7.8% | +8.4% | −1.5% |
| YTD | +13.0% | +13.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +15.2% | +8.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +57.3%+16.3%/yr | +36.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 22, 2022 | +56.8%+12.4%/yr | +36.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ARP vs SPY
From Dec 22, 2022: ARP grew to $15,680, SPY to $20,928.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ARP returns by calendar year
3 of 3 full years positive. Best 2025 (+18.3%), worst 2023 (+3.7%). 2026 is year to date.
ARP annual returns table
| Year | ARP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +13.0% | −10.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +18.3% | −5.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.8% | −6.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +3.7% | −5.8% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ARP largest drawdowns
Now 1.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 27, 2026 | −10.1% | Mar 26, 2026 | May 11, 2026 | 27 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ARP risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +16.4% | +12.8% |
| Volatility (annualized) | 8.6% | 8.7% |
| Sharpe ratio | 1.31 | 0.93 |
| Sortino ratio | 2.24 | 1.47 |
| Best month | +5.9% | +5.9% |
| Worst month | −7.0% | −7.0% |
| Best 12 months | +29.5% | +29.5% |
| Worst 12 months | +6.7% | +1.7% |
| Positive months | 72% | 69% |
| Beta vs S&P 500 | 0.41 | — |
| Correlation with S&P 500 | 0.59 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ARP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 35 | +1.7% | +13.8% | +29.5% | 100% |
| 3-year (a year) | 11 | +11.8% | +14.6% | +16.4% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
ARP performance overview
Pmv Adaptive Risk Parity ETF (ARP) returned +15.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +12.4% a year, turning $10,000 into about $15,680. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −10.1%, from Feb 27, 2026 to Mar 26, 2026, and it took 46 days to get back to the old high. ARP finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+18.3%) and the worst 2023 (+3.7%). Volatility has been 8.7% a year.
Related: ARP chart, ARP dividends. See the ARP overview for the latest quote and fund facts.
ARP performance FAQ
What is the ARP return over the past year?
ARP returned +15.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.1%.
How much would $10,000 invested in ARP be worth?
$10,000 invested in ARP at its first recorded close on December 22, 2022 would be worth about $15,680 on October 23, 2026 with distributions reinvested.
What was the worst year for ARP?
The worst calendar year was 2023, with a total return of +3.7%. The best was 2025 at +18.3%.
What is the biggest drawdown of ARP?
The largest peak-to-trough decline was −10.1% between February 27, 2026 and March 26, 2026. It recovered to the old high on May 11, 2026, 46 days after the bottom.
How volatile is ARP?
Over the past 3 years ARP had an annualized volatility of 8.6% and a Sharpe ratio of 1.31 (excess return over 1–3 month T-bills per unit of risk).