ARP vs. GDMA ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to Gadsden Dynamic Multi-Asset ETF (GDMA)

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

$26.77

Average Daily Volume

4,518

Number of Holdings ^*

6

* may have additional holdings in another (foreign) market

GDMA

Gadsden Dynamic Multi-Asset ETF

GDMA Description

The investment seeks total return. The fund seeks to achieve its investment objective by investing (i) approximately 80% of its total assets with exposure to a variety of asset classes, geographies, and market capitalizations generally based on a long-term view of macroeconomic factors and (ii) approximately 20% of its total assets to add or reduce exposure to one or more asset classes generally based on a short-term view of the market. It may invest in futures contracts to gain long or short exposure to one or more asset classes.

Grade (RS Rating)

Last Trade

$30.44

Average Daily Volume

9,728

Number of Holdings ^*

18

* may have additional holdings in another (foreign) market

Performance

Period	ARP	GDMA
30 Days	-1.05%	-1.75%
60 Days	0.91%	-0.75%
90 Days	4.26%	0.99%
12 Months	8.83%	6.77%

0 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in GDMA	Overlap

ARP Overweight 6 Positions Relative to GDMA

	Symbol	Grade	Weight
	VOO	B	35.22%
	QQQ	C	30.95%
	USDU	A	18.39%
	PHYS	B	7.39%
	VEA	A	5.03%
	VGLT	D	1.98%

ARP Underweight 18 Positions Relative to GDMA

	Symbol	Grade	Weight
	SGOV	B	-34.82%
	SH	D	-7.51%
	PDBC	B	-7.13%
	UUP	A	-5.32%
	RWM	C	-5.2%
	DXJ	A	-3.54%
	DBA	C	-3.52%
	EPV	F	-1.53%
	EFZ	F	-1.5%
	EPD	C	-1.14%
	TBX	A	-1.02%
	FXC	F	-1.0%
	YCS	B	-0.99%
	ARCH	D	-0.86%
	XOM	B	-0.78%
	COP	C	-0.73%
	CVX	B	-0.73%
	EUO	B	-0.56%

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Active Management Exchange Traded Funds Index Fund Stock Market Index Barclays U.S. Long Government Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices Bullion Corporate Bond Exchange Traded Products Fixed Income Ftse Developed Europe Index Financials Government Bond Inflation Invesco Powershares Mutual Fund Mutual Fund Trust

GDMA: Top Represented Industries & Keywords

Industries: Oil & Gas Integrated Coal Oil & Gas E&P Oil & Gas Midstream

Keywords: Exchange Traded Fund ETF Bear Market ETF Inverse ETF Exchange Traded Funds Natural Gas Crude Oil Japanese Yen Leveraged ETF Managed Futures Account Petroleum Petroleum Industry S&P 500 Ultra ETF Capitalization Weighted Index Commodity Markets Commodity Petrochemicals Energy Services Inverse Exchange Traded Fund Invesco Powershares