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Absolute Core Strategy ETF (ABEQ)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

IssuerAbsolute Investment Advisers LLC
Inception DateJan 21, 2020
RegionDeveloped Markets (Broad)
CategoryAll Cap Equities, Actively Managed
Index TrackedNo Index (Active)
Asset ClassEquity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

The Absolute Core Strategy ETF has a high expense ratio of 0.85%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.85%

Share Price Chart


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Absolute Core Strategy ETF

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Absolute Core Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


10.00%20.00%30.00%40.00%50.00%60.00%OctoberNovemberDecember2024FebruaryMarch
28.08%
58.18%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Absolute Core Strategy ETF had a return of 7.21% year-to-date (YTD) and 12.60% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date7.21%10.16%
1 month5.54%3.47%
6 months11.71%22.20%
1 year12.60%30.45%
5 years (annualized)N/A13.16%
10 years (annualized)N/A10.89%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20240.56%1.17%
2023-1.64%-3.02%-1.34%4.21%2.06%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for Absolute Core Strategy ETF (ABEQ) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABEQ
Absolute Core Strategy ETF
1.58
^GSPC
S&P 500
2.79

Sharpe Ratio

The current Absolute Core Strategy ETF Sharpe ratio is 1.58. A Sharpe ratio greater than 1.0 is considered acceptable.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
1.58
2.79
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Absolute Core Strategy ETF granted a 2.42% dividend yield in the last twelve months. The annual payout for that period amounted to $0.74 per share.


PeriodTTM2023202220212020
Dividend$0.74$0.74$0.33$0.17$0.15

Dividend yield

2.42%2.60%1.20%0.60%0.60%

Monthly Dividends

The table displays the monthly dividend distributions for Absolute Core Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.40$0.00$0.00$0.00$0.00$0.00$0.34
2022$0.00$0.00$0.00$0.00$0.00$0.11$0.00$0.00$0.00$0.00$0.00$0.22
2021$0.00$0.00$0.00$0.00$0.00$0.04$0.00$0.00$0.00$0.00$0.00$0.13
2020$0.06$0.00$0.00$0.00$0.00$0.00$0.09

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Absolute Core Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Absolute Core Strategy ETF was 27.82%, occurring on Mar 23, 2020. Recovery took 176 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-27.82%Feb 12, 202028Mar 23, 2020176Dec 1, 2020204
-17.26%Apr 21, 2022110Sep 27, 2022361Mar 6, 2024471
-5.84%Nov 11, 202114Dec 1, 202119Dec 29, 202133
-5.52%May 18, 202188Sep 21, 202136Nov 10, 2021124
-4.07%Jan 18, 20228Jan 27, 202233Mar 16, 202241

Volatility

Volatility Chart

The current Absolute Core Strategy ETF volatility is 2.11%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%OctoberNovemberDecember2024FebruaryMarch
2.11%
2.80%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)