55.5% and Climbing—ADPV’s January Performance Starts 2025 Strong

ADPV ETF Recap: January 2025

After a strong 2024, the Adaptiv Select ETF started off the new year with another solid performance. For the month, ADPV was up 9.8%, compared to 2.70% for its benchmark.1

 

That brings ADPV’s rolling 1-year performance to 55.5%, with the S&P 500 returning 22.65%:

 

Holdings Recap

Under the surface, the Adaptiv Select strategy had many winners for the month, including Robinhood Markets (HOOD), Amer Sports (AS), AppLovin (APP), Virtu Financial (VIRT), Toast (TOST), and Blue Owl Capital (OWL), among many others:
 

 

 

While a majority of holdings in the portfolio were positive outperformers for the month of January, there were also a few names that finished January in the red, with those being Liberty Global (LBTYA), Warner Bros Discovery (WBD), MDU Resources (MDU) and Exelixis (EXEL):2

 

Overall Sector Exposure

Reconstitution within the portfolio brought some small shifts during January, where we saw increases in Communication Services and Consumer Discretionary. Sectors that saw weightings decrease were Financials, Consumer Staples, and Industrials:

*Concentration guidelines for ADPV are based on GICS Sub-Industry/Tier 4

 

 

Compared to its benchmark, ADPV is overweight Financials, Energy, Consumer Discretionary, Communication Services, and Utilities:

Following on the back of a low-activity December, ADPV saw another month of below average level of trading, with two weeks seeing zero reconstitution:

 

Market Commentary from a Technical Perspective

As Americans, we can be thankful for peaceful transitions of power. With President Donald J. Trump now residing as the 47th President of the United States, can we expect the broad equity market to change? The short and unsexy answer is: We don’t know. However, what we do know is that three of the four broad market indices remain in strong uptrends (sorry, Russell). On the other hand, February is historically an underwhelming month, even though it falls within the “most bullish six months” time period of November to April. 

Here is a list of tips from a good friend of ours, Nick Radge:

1. Have confidence that your strategy will exit longs if the longer-term trend changes.
2. Near-term performance is random. What matters is the long-term application of the strategy.
3. Tariffs have been and gone before. Their impact should already be in your backtest.
4. If you override your proven strategy, and that turns out to be a better choice this time around, chances are you'll continue to override the strategy in the future - which invalidates the need to have a proven strategy in the first place.

As always, we will continue to stay disciplined in the Adaptiv Investment Management process.

 

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Don’t Just Watch — Be Part of ADPV's Growth! Invest Now ⟶

 

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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.

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