ARP vs VOO
PMV Adaptive Risk Parity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ARP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.42% | 0.03% | |
| AUM | $66M | $979.0B | |
| Dividend Yield | 6.15% | 1.09% | |
| Holdings | 6 | 509 | |
| YTD Return | +10.33% | +13.80% | |
| 1Y Return | +23.44% | +23.71% | |
| 3Y Return (annualized) | +12.77% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 9.3% | 14.1% | |
| Max Drawdown | -10.1% | -34.3% | |
| Fund Family | PMV Capital | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 21, 2022 | Sep 7, 2010 |
ARP vs VOO Performance
PMV Adaptive Risk Parity ETF (ARP) is a ETF from PMV Capital and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ARP returned +23.44% while VOO returned +23.71%. Year to date, ARP is up 10.33% versus a gain of 13.80% for VOO.
Over three years, ARP compounded at +12.77% per year against +21.50% for VOO. Across the full 4-year window we track, VOO has the edge at +13.58% annualized vs +11.02%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.3% for ARP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -10.1% for ARP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ARP charges 1.42% per year while VOO charges 0.03%. On a $10,000 position that is $142 vs $3 annually, a gap of $139 per year that compounds over a long holding period. On income, ARP currently yields 6.15% against 1.09% for VOO.
Holdings Overlap
ARP and VOO share 1 holdings out of 510 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ARP | Weight in VOO | Difference |
|---|---|---|---|
| VEA | 24.33% | 0.01% | 24.32% |
Frequently Asked Questions
Which is cheaper, ARP or VOO?
ARP has an expense ratio of 1.42% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $139 per year of difference.
Which performed better, ARP or VOO?
Over the past year ARP returned +23.44% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), ARP annualized +11.02% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, ARP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.3% for ARP. Worst drawdown: ARP -10.1% vs VOO -34.3%.
Should I hold both ARP and VOO?
ARP and VOO have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ARP and VOO?
ARP and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 510 unique securities.
Which pays a higher dividend, ARP or VOO?
ARP yields 6.15% while VOO yields 1.09%, so ARP currently pays the higher dividend yield.
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