Board/The rate regime/ARCM

ARCM

Arrow Reserve Capital Management ETF

Arrow · $50.9m in assets, October 8, 2026

ARCM, the Arrow Reserve Capital Management ETF, is a $51 million ETF whose main story is the rate regime. Over the past year it returned +3.3%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.

ARCM · the ETFFRI OCT 2Market price total return
+2.4% a yearTotal return since launch, March 2017
+3.3%Last 12 months
+2.3%Year to date
3.1%Volatility since launch

The narrative it carries

This is its only narrative.

The rate regime →

Bonds, cash and Treasuries: the interest rates every other asset is priced against.

The rate regime · the narrative this week
57.8HOT level, 3 of 22
last four weeks
424ETFs carry it
27.8%held by the top five
BNDlargest holder, 7.6%
$1,607 bncapital, 2nd of 22

The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.

Who owns the capital
BND 7.6%SGOV 7.5%AGG 6.3%BIL 3.3%TLT 3.1%419 other ETFs 72.2%27.8%top five
#ETFSHAREASSETS1 YEARCOST
1BND7.6%$161.78bn−2.1%0.03%
2SGOV7.5%$112.26bn+3.8%0.09%
3AGG6.3%$135.65bn−2.2%0.03%
4BIL3.3%$49.79bn+3.7%0.14%
5TLT3.1%$46.23bn−9.5%0.15%
419 other ETFs72.2%
ARCM: 0.0%

Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 424 ETFs on the narrative page →

FRI OCT 2MARKET PRICE TOTAL RETURN

1M3MYTD1Y3Y*5Y*
ARCM+0.2%+0.7%+2.3%+3.3%+4.5%+3.4%
The rate regimeits narrative−1.6%−2.2%−1.2%−0.6%+4.3%+0.5%
The marketbroad US ETFs+0.8%+2.6%+14.6%+16.8%+22.9%+12.9%

1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on March 31, 2017: +2.4% a year.

$10,000 invested March 31, 2017

ARCM $12,478The rate regime $11,979The market $37,430
$0$10,000$20,000$30,000$40,000Mar 2017Mar 2019Mar 2021Mar 2023Mar 2025$0$10,000$20,000$30,000$40,000Mar 2017Mar 2021Mar 2025

Year by year

ARCMThe rate regimeThe market
-20%0%20%40%ARCM 2019: +2.7%Narrative 2019: +7.2%The market 2019: +31.3%2019ARCM 2020: +1.0%Narrative 2020: +6.8%The market 2020: +21.4%2020ARCM 2021: -0.3%Narrative 2021: -1.0%The market 2021: +27.1%2021ARCM 2022: +0.7%Narrative 2022: -9.4%The market 2022: -19.8%2022ARCM 2023: +4.7%Narrative 2023: +5.4%The market 2023: +27.9%2023ARCM 2024: +5.2%Narrative 2024: +2.6%The market 2024: +23.1%2024ARCM 2025: +4.1%Narrative 2025: +6.2%The market 2025: +16.8%2025ARCM YTD: +2.3%Narrative YTD: -1.2%The market YTD: +14.6%YTD-20%0%20%40%ARCM 2019: +2.7%Narrative 2019: +7.2%The market 2019: +31.3%2019ARCM 2020: +1.0%Narrative 2020: +6.8%The market 2020: +21.4%2020ARCM 2021: -0.3%Narrative 2021: -1.0%The market 2021: +27.1%2021ARCM 2022: +0.7%Narrative 2022: -9.4%The market 2022: -19.8%2022ARCM 2023: +4.7%Narrative 2023: +5.4%The market 2023: +27.9%2023ARCM 2024: +5.2%Narrative 2024: +2.6%The market 2024: +23.1%2024ARCM 2025: +4.1%Narrative 2025: +6.2%The market 2025: +16.8%2025ARCM YTD: +2.3%Narrative YTD: -1.2%The market YTD: +14.6%YTD

Total return in each calendar year; this year is year to date. A year appears only if ARCM traded for all of it.

Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The narrative is the asset-weighted return of the unlevered ETFs that carry it. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.

Common questions

What story is ARCM selling?

ARCM’s main story is the rate regime, which covers bonds, cash and Treasuries: the interest rates every other asset is priced against.

Which ETFs compete with ARCM?

The ETFs whose weekly returns move most like ARCM’s over the past 3 years are FLXR (0.70), EVSD (0.68) and VGHY (0.68).

How has ARCM performed against its story?

Over the past year ARCM returned +3.3%, the ETFs carrying the rate regime −0.6% and broad US ETFs +16.8%, to October 2, 2026. Its weekly returns have a correlation of 0.55 with the story. Past performance only.

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Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →