ADPV ETF Recap: June 2026

Broad markets were a mixed bag for June, with the S&P 500 stuck in a range for a majority of the month. Thanks to a strong move in the first half of the month, the Adaptiv Select ETF came out with a 2.1% gain, compared to –1.3% for the S&P 500:

For Illustrative Purposes Only

 

With a strong positive spread in June, ADPV is back ahead of the S&P 500 for the year, posting 11.8% and 9.5% returns, respectively:1

For Illustrative Purposes Only

 

Holdings Recap

As with May, June also brought a mix of returns within the fund. Top performers, mainly Technology-based, included Sandisk (SNDK), Amkor Technologies (AMKR), Intel (INTC), Roivant Sciences (ROIV), TFS Financial (TFSL), and Central Bancompany (CBC):

For Illustrative Purposes Only

 

For the second month in a row, the laggards for the month came from Energy. This list includes Permian Resources (PR), APA Corp (APA), Halliburton (HAL), Ford Motor (F), DuPont de Nemours (DD), Alcoa (AA), and NOV (NOV):

For Illustrative Purposes Only

 

Overall Sector Exposure

With just three trades for the month, there was very little shift in sector weightings, other than market movement. The biggest change came from Real Estate, moving from 7.5% to 11.1%:2

For Illustrative Purposes Only

 

As has been the case for a couple of months now, ADPV remains overweight in Basic Materials, Energy, Healthcare, Real Estate, and Utilities.

For Illustrative Purposes Only

 

There were a total of three trades in June, all coming in the end of the month:

For Illustrative Purposes Only

 

Market Commentary from a Technical Perspective

The S&P 500 has remained range-bound between 7,260 and 7,620 for more than six weeks at this point. As trend followers and momentum practitioners, these periods can be quite frustrating. Breadth beneath the surface remains stable, and we haven’t seen any outperformance from sectors that would raise an eyebrow, such as Staples or Utilities.

It is important to keep in mind that price consolidation after large moves is perfectly normal and healthy. Interestingly, the fund still holds a meaningful amount of exposure to Energy, and the system appears to still be viewing these names in the context of the Q1 rally we saw from the sector.

As stated at the beginning, there really is no clear gauge on market direction until we move either above 7,620 or below 7,260. If we move lower out of the range, that likely brings us toward 7,000 on the index and would also almost certainly coincide with the 200-day moving average, given the current rate of trend.

Since we are Bayesian statisticians, we will patiently wait for more price data to come in.

 

 

---

 

See Momentum and Relative Strength in Action. Explore ADPV ⟶

 

---

 

1 The performance quoted represents past performance and does not guarantee future results. The investment return and principal will fluctuate. Investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. For the most recent month-end performance and standardized performance, please visit www.adpvetf.com.
2 Holdings are subject to risk and change. You can find a full list of up-to-date holdings HERE.

 

Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus and Summary Prospectus, which may be obtained by visiting https://adpvetf.com/investor-materials. Read the prospectus and Summary Prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

To the extent the Fund’s investments are concentrated in or have significant exposure to a particular issuer, industry or group of industries, or asset class, the Fund may be more vulnerable to adverse events affecting such issuer, industry or group of industries, or asset class than if the Fund’s investments were more broadly diversified. Active management by the Adviser in selecting and maintaining a portfolio of securities that will achieve the Fund’s investment objective could cause the Fund to underperform compared to other funds having similar investment objectives. For longer periods of time, the Fund may hold a substantial cash position. If the market advances during periods when the fund is holding a large cash position, the Fund may not participate to the extent it would have if the Fund had been more fully invested The Adviser relies heavily on a quantitative model developed by the Adviser, which is used to value and rank investments or potential investments, to provide risk management insights and to assist in reducing extending declines in in the Fund’s net asset value. When models and data prove to be incorrect, misleading, or incomplete, any decisions made in reliance thereon will expose the Fund to risks.

Distributed by: Quasar Distributors, LLC.

"For Institutional Investors Use Only. Not for Use with the Retail Public"