ADPV vs AESR
Adaptiv Select ETF vs Anfield US Equity Sector Rotation ETF
Which is better, ADPV or AESR?
AESR has been ahead.
AESR has a lower expense ratio. AESR led over 1Y, 3Y and the full window. ADPV is less concentrated, with 45.5% of the fund in its ten largest positions against 84.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ADPV | AESR |
|---|---|---|
| Expense Ratio | 1.00% | 0.97%Best |
| AUM | $176M | $257M |
| Dividend Yield | 0.69% | 0.00% |
| Holdings | 28 | 66 |
| YTD Return | -0.81% | +14.49%Best |
| 1Y Return | -3.77% | +18.02%Best |
| 3Y Return (annualized) | +22.15% | +24.85%Best |
| 5Y Return (annualized) | - | +13.25% |
| Volatility (annualized) | 18.8% | 15.2%Best |
| Max Drawdown | -22.3% | -19.9%Best |
| $10,000 over 3.9 years | $17,542 | $21,352Best |
| Top 10 Weight | 45.5%Best | 84.6% |
| Fund Family | Adaptive ETFs | Horizon Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2022 | Dec 16, 2019 |
Volatility and max drawdown, and the $10,000 over 3.9 years row, are measured over the window both funds cover: Nov 4, 2022 to Oct 14, 2026 (3.9 years).
ADPV vs AESR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.9 years both funds cover.
ADPV vs AESR Performance
Adaptiv Select ETF (ADPV) is an ETF from Adaptive ETFs and Anfield US Equity Sector Rotation ETF (AESR) is an ETF from Horizon Funds. Over the past year ADPV returned -3.77% while AESR returned +18.02%. Year to date, ADPV is down 0.81% versus a gain of 14.49% for AESR.
Over three years, ADPV compounded at +22.15% per year against +24.85% for AESR. Across the full 4-year window we track, AESR has the edge at +21.47% annualized vs +15.50%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ADPV has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 15.2% for AESR. 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 -22.3% for ADPV and -19.9% for AESR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ADPV charges 1.00% per year while AESR charges 0.97%. On a $10,000 position that is $100 vs $97 annually, a gap of $3 per year that compounds over a long holding period. On income, ADPV currently yields 0.69% against 0.00% for AESR.
Holdings Overlap
7.1% of ADPV's money is in holdings AESR also owns. 1.5% of AESR's money is in holdings ADPV also owns.
ADPV and AESR share little of their money.
2 positions in common, counted across the 26 positions we hold weights for in ADPV and 32 in AESR, against full books of 28 and 66.
What only one of them owns
Our book lists 27 positions for AESR that do not appear in our book for ADPV (96.3% of the fund), and 20 for ADPV that do not appear in AESR (77.6%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of ADPV and AESR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ADPV or AESR?
ADPV has an expense ratio of 1.00% while AESR charges 0.97%. AESR is the cheaper option, by $3 a year on a $10,000 investment.
Which performed better, ADPV or AESR?
Over the past year ADPV returned -3.77% vs +18.02% for AESR, so AESR leads on 1-year performance. Over the longest common window we track (4 years), ADPV annualized +15.50% vs +21.47% for AESR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADPV or AESR?
ADPV has been the more volatile fund at 18.8% annualized versus 15.2% for AESR. Worst drawdown: ADPV -22.3% vs AESR -19.9%.
Should I hold both ADPV and AESR?
ADPV and AESR have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ADPV and AESR?
7.1% of ADPV's money is in holdings AESR also owns. 1.5% of AESR's is in holdings ADPV also owns. They hold 2 positions in common, counted across the 26 positions we hold weights for in ADPV and 32 in AESR.
Which pays a higher dividend, ADPV or AESR?
ADPV yields 0.69% while AESR yields 0.00%, so ADPV currently pays the higher dividend yield.
Is AESR better than ADPV?
AESR has a lower expense ratio. AESR led over 1Y, 3Y and the full window. ADPV is less concentrated, with 45.5% of the fund in its ten largest positions against 84.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.