ARP vs. NDOW ETF Comparison

Comparison of PMV Adaptive Risk Parity ETF (ARP) to Anydrus Advantage ETF (NDOW)

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

$28.62

Average Daily Volume

2,903

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

NDOW

Anydrus Advantage ETF

NDOW Description

The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of equity securities, fixed income securities and ETFs representing a broad range of asset classes. The fund seeks to provide attractive risk adjusted returns over market cycles by investing in a broadly diversified portfolio. In doing so, the fund seeks to provide investors with 1) reduced correlation to U.S. only stock and bond market movements, and 2) multiple alternative return sources that are independent from traditional U.S. stock and bond markets.

Grade (RS Rating)

Last Trade

$24.89

Average Daily Volume

3,113

Number of Holdings ^*

37

* may have additional holdings in another (foreign) market

Performance

Period	ARP	NDOW
30 Days	-0.57%	-2.47%
60 Days	0.96%	-0.87%
90 Days	4.49%	-0.10%
12 Months	17.06%

1 Overlapping Holdings

	Symbol	Grade	Weight in ARP	Weight in NDOW	Overlap
	VGLT	D	4.78%	2.85%	2.85%

ARP Overweight 3 Positions Relative to NDOW

	Symbol	Grade	Weight
	PHYS	A	20.89%
	SHV	A	15.16%
	QQQ	B	2.03%

ARP Underweight 36 Positions Relative to NDOW

	Symbol	Grade	Weight
	FLIA	B	-9.22%
	IBTH	C	-8.46%
	VGIT	C	-8.36%
	IEI	C	-6.91%
	XEMD	C	-6.17%
	SCHI	C	-4.94%
	IDMO	D	-4.9%
	BSJS	C	-4.53%
	BKLC	A	-4.2%
	SPMO	B	-4.2%
	SCHD	B	-4.14%
	XSVN	D	-3.9%
	GLTR	B	-2.85%
	ETN	B	-0.94%
	SRE	C	-0.94%
	NEE	D	-0.94%
	JPM	A	-0.93%
	NXPI	C	-0.88%
	FCX	D	-0.86%
	MPWR	F	-0.86%
	BCC	D	-0.84%
	OGN	D	-0.69%
	BNTX	B	-0.65%
	BABA	B	-0.63%
	ESEA	D	-0.63%
	NICE	C	-0.63%
	FINV	B	-0.6%
	VRTX	D	-0.6%
	BIDU	F	-0.57%
	NTES	F	-0.51%
	ABBV	A	-0.5%
	YY	D	-0.49%
	INFY	D	-0.48%
	E	D	-0.47%
	REGN	F	-0.47%
	PBR	F	-0.45%

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bloomberg Barclays Us Aggregate Bond Index Bond U.S. Government U.S. Treasury Barclays U.S. Long Government Bear Market ETF Bond Fund Bond Market Bond Market Indices Bullion Corporate Bond Exchange Traded Funds Exchange Traded Products Fixed Income Government Bond Government Bonds Inflation Inverse ETF

NDOW: Top Represented Industries & Keywords

Industries: Biotechnology Internet Content & Information Oil & Gas Integrated Semiconductors Banks - Global Copper Credit Services Drug Manufacturers - General Drug Manufacturers - Major Information Technology Services Lumber & Wood Production Shipping & Ports Software - Application Specialty Industrial Machinery Specialty Retail Utilities - Diversified Utilities - Regulated Electric

Keywords: Exchange Traded Fund S&P 500 ETF Bond Nasdaq 100 Bloomberg Barclays Us Aggregate Bond Index Natural Gas Stock Market Index U.S. Treasury Bond Market Computing Electricity U.S. Government Atopic Dermatitis Autoimmune Disease Banking Biotechnology Bond Market Indices Breakthrough Therapy Business Consulting