RAAX vs. ARP ETF Comparison

Comparison of VanEck Vectors Real Asset Allocation ETF (RAAX) to PMV Adaptive Risk Parity ETF (ARP)

RAAX

VanEck Vectors Real Asset Allocation ETF

RAAX Description

The investment seeks long-term total return. The fund invests, under normal circumstances, primarily in (i) exchange traded products that provide exposure to real assets through investment in domestic and foreign equity and debt securities, master limited partnerships ("MLPs"), and physical commodities, including ETFs and non-1940 Act (defined herein) commodity pools or commodity trusts and exchange traded notes ("ETNs") (collectively, "ETPs"); and (ii) cash or cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.32

Average Daily Volume

13,553

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

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

$28.76

Average Daily Volume

3,265

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	RAAX	ARP
30 Days	1.73%	-0.77%
60 Days	5.47%	0.21%
90 Days	7.33%	1.24%
12 Months	17.70%	16.52%

0 Overlapping Holdings

	Symbol	Grade	Weight in RAAX	Weight in ARP	Overlap

RAAX Overweight 9 Positions Relative to ARP

	Symbol	Grade	Weight
	PIT	C	21.07%
	EINC	A	12.18%
	REZ	C	6.97%
	PAVE	A	5.78%
	NLR	A	2.51%
	SLX	B	1.99%
	PHO	B	1.32%
	GDX	C	1.28%
	MOO	D	1.2%

RAAX Underweight 5 Positions Relative to ARP

	Symbol	Grade	Weight
	SHV	A	-20.23%
	PHYS	C	-18.55%
	QQQ	B	-5.27%
	USDU	A	-3.11%
	PDBC	C	-1.46%

RAAX: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund American Depositary Receipt Exchange Traded Funds Agribusiness Agricultural Products Agriculture Agronomy Aquaculture Commodity Commodity Markets Depositary Receipt Energy Infrastructure Exchange Traded Products Farm Machinery Fertilizer Food Industry Gold Mining Gold Mining Industry Investment Trust

ARP: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Exchange Traded Funds Exchange Traded Products Bear Market ETF Bloomberg Barclays Us Aggregate Bond Index Bond Bond Fund Bond Market Bullion Commodity Commodity Markets Commodity Trading Advisor Government Bonds Index Fund Inverse ETF Invesco Powershares Managed Futures Account Mutual Fund Mutual Fund Trust