ADPV vs MEDX
Adaptiv Select ETF vs Horizon Kinetics Medical ETF
Which is better, ADPV or MEDX?
Each has led over a different period.
MEDX has a lower expense ratio. ADPV led over 3Y and the full window, MEDX over 1Y.
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 | MEDX |
|---|---|---|
| Expense Ratio | 1.00% | 0.85%Best |
| AUM | $176M | $16M |
| Dividend Yield | 0.69% | 1.16% |
| Holdings | 28 | 68 |
| YTD Return | -0.81% | +6.58%Best |
| 1Y Return | -3.77% | +14.21%Best |
| 3Y Return (annualized) | +22.15%Best | +9.64% |
| Volatility (annualized) | 19.2% | 14.2%Best |
| Max Drawdown | -22.3% | -21.6%Best |
| $10,000 over 3.7 years | $17,318Best | $12,589 |
| Fund Family | Adaptive ETFs | Horizon Kinetics LLC |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2022 | Jan 27, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.7 years row, are measured over the window both funds cover: Jan 31, 2023 to Oct 14, 2026 (3.7 years).
ADPV vs MEDX 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 3.7 years both funds cover.
ADPV vs MEDX Performance
Adaptiv Select ETF (ADPV) is an ETF from Adaptive ETFs and Horizon Kinetics Medical ETF (MEDX) is an ETF from Horizon Kinetics LLC. Over the past year ADPV returned -3.77% while MEDX returned +14.21%. Year to date, ADPV is down 0.81% versus a gain of 6.58% for MEDX.
Over three years, ADPV compounded at +22.15% per year against +9.64% for MEDX. Across the full 4-year window we track, ADPV has the edge at +16.00% annualized vs +6.42%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ADPV has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 14.2% for MEDX. 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 -21.6% for MEDX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.44. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ADPV charges 1.00% per year while MEDX charges 0.85%. On a $10,000 position that is $100 vs $85 annually, a gap of $15 per year that compounds over a long holding period. On income, ADPV currently yields 0.69% against 1.16% for MEDX.
Holdings Overlap
At least 4.9% of ADPV's money is in holdings MEDX also owns.
Stated as a floor: for MEDX, our book for it covers 91.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
ADPV and MEDX share little of their money.
1 positions in common, counted across the 26 positions we hold weights for in ADPV and 31 in MEDX, against full books of 28 and 68.
Top Shared Holdings
| Stock | Weight in ADPV | Weight in MEDX | Difference |
|---|---|---|---|
| VTRSViatris | 4.94% | 0.30% | 4.64% |
You are not choosing between two funds in isolation.
Whichever of ADPV and MEDX 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 MEDX?
ADPV has an expense ratio of 1.00% while MEDX charges 0.85%. MEDX is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, ADPV or MEDX?
Over the past year ADPV returned -3.77% vs +14.21% for MEDX, so MEDX leads on 1-year performance. Over the longest common window we track (4 years), ADPV annualized +16.00% vs +6.42% for MEDX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ADPV or MEDX?
ADPV has been the more volatile fund at 19.2% annualized versus 14.2% for MEDX. Worst drawdown: ADPV -22.3% vs MEDX -21.6%.
Should I hold both ADPV and MEDX?
ADPV and MEDX have a monthly-return correlation of 0.44, 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 MEDX?
At least 4.9% of ADPV's money is in holdings MEDX also owns. Our book for MEDX is partial, so the real figure is this or higher. They hold 1 positions in common, counted across the 26 positions we hold weights for in ADPV and 31 in MEDX.
Which pays a higher dividend, ADPV or MEDX?
ADPV yields 0.69% while MEDX yields 1.16%, so MEDX currently pays the higher dividend yield.
Is MEDX better than ADPV?
MEDX has a lower expense ratio. ADPV led over 3Y and the full window, MEDX over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.