PMV Capital

A big opportunity in investing is hiding in plain sight.

Risk and return are two sides of the same coin. Investors chase better performance and risk control, but the key insight is that efficient risk management may solve for both.

Strategies

A whole greater than the sum of its parts.

Diversification benefits do not come from any single holding. They result from the relationship among holdings within a portfolio. Because those relationships matter, portfolios concentrated primarily in traditional stock and bond exposures may not fully capture the potential benefits of diversification.

ETF · NYSE: ARP

PMV ARP ETF

ARP provides adaptive exposures to the broad diversifiers many traditional portfolios are missing, such as foreign equities, long duration bonds, commodities and gold, and currencies.

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Portfolio Series

Downside Defender Portfolios

A multi-asset portfolio series that seeks to enhance diversification and scales for investors across the risk spectrum.

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Portfolio Series

Hedged Equity Portfolios

An equity-focused series that pairs concentrated equity exposure with a three-strategy hedge sleeve.

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All strategies involve risk, including possible loss of principal. Diversification does not ensure a profit and may not protect against loss in declining markets. Past performance does not guarantee future results.

The Problem

We believe the industry is focused on the wrong question.

  • 01 We believe asset allocation is a primary driver of returns. Different from stock selection. Different from market timing. The assets you own, the weights you assign, and the rationale behind those choices will impact your portfolio's performance over time.
  • 02 Many traditional portfolios have historically provided limited diversification against equity bear markets. Research commonly suggests a 60/40 portfolio may carry 85% to 90% of its risk in equities.* Broad bond allocations have historically provided limited diversification during certain equity drawdowns, including 2022. During these times, the "diversified" portfolio is concentrated in a single outcome.

    *Based on contribution to portfolio variance. Actual risk concentration varies by methodology, time period, and market conditions.
  • 03 We believe a more effective approach to diversification begins with how portfolio exposures work together. Effective diversification may help reduce portfolio risk without requiring exclusive reliance on lower-returning asset classes. This principle is central to our investment approach and may provide advisors with an additional tool for portfolio construction and risk management.
  • 04 Our strategies are built from the ground up around diversification across multiple sources of return. The strategies are designed to seek lower portfolio risk and improved risk-adjusted returns, and may provide advisors with a differentiated portfolio construction approach for their clients.

All strategies involve risk, including possible loss of principal. Diversification does not ensure a profit and may not protect against loss in declining markets. Past performance does not guarantee future results.

Leadership

Designed by an allocator, for allocators.

PMV Capital was founded on the belief that the advisory industry deserves better portfolio building blocks.

Daniel Snover, CFA

Founder & Chief Investment Officer

With over 15 years of experience in portfolio construction and asset allocation, Daniel built PMV to solve a problem he saw firsthand. Advisors and their clients were being underserved by portfolios that looked different on the surface but carried the same underlying risks. PMV's strategies are the product of that conviction, designed to pursue more effective diversification than many traditional portfolios provide.

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The conversation about risk is changing. Let's have it.