ARP vs. DWAT ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to Arrow DWA Tactical ETF (DWAT)

ARP

PMV Adaptive Risk Parity ETF

ARP Description

The PMV Adaptive Risk Parity ETF (the “Fund”) is an actively managed fund that seeks to generate capital appreciation, with lower volatility and reduced correlation to the overall equity market, by taking advantage of broad asset class trends throughout the market cycle.

Grade (RS Rating)

Last Trade

$28.31

Average Daily Volume

3,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWAT

Arrow DWA Tactical ETF

DWAT Description

The investment seeks to achieve long-term capital appreciation with capital preservation as a secondary objective. The fund primarily invests in other exchange traded funds that each invest primarily in domestic and foreign, equity securities of any market capitalization, fixed-income securities of any credit quality, or alternative assets. The fund may invest up to 25% of its total assets in the Tactical Subsidiary. The Tactical Subsidiary will invest primarily in commodity futures, fixed-income securities and cash equivalents, which are intended to serve as margin or collateral for its investments in commodity futures. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.69

Average Daily Volume

640

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARP	DWAT
30 Days	-1.77%	-0.54%
60 Days	-0.79%	3.21%
90 Days	0.42%	4.72%
12 Months	14.99%	21.77%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in DWAT	Overlap
	PHYS	D	19.3%	8.57%	8.57%

ARP Overweight 4 Positions Relative to DWAT

Symbol	Grade	Weight
SHV	A	19.78%
QQQ	B	5.21%
USDU	A	2.98%
PDBC	F	1.49%

ARP Underweight 4 Positions Relative to DWAT

Symbol	Grade	Weight
RPV	A	-10.48%
MTUM	B	-8.79%
PFM	B	-8.37%
PSLV	D	-8.26%

ARP: Top Represented Industries & Keywords

Industries:

DWAT: Top Represented Industries & Keywords

Industries: