Absolute Core Strategy ETF (ABEQ)
ABEQ is an actively managed ETF by Absolute Investment Advisers LLC. ABEQ launched on Jan 21, 2020 and has a 0.85% expense ratio.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Absolute Core Strategy ETF in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,276 for a total return of roughly 12.76%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Absolute Core Strategy ETF had a return of -1.24% year-to-date (YTD) and -7.52% in the last 12 months. Over the past 10 years, Absolute Core Strategy ETF had an annualized return of 3.86%, while the S&P 500 had an annualized return of 5.84%, indicating that Absolute Core Strategy ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.98% | 0.19% |
| Year-To-Date | -1.24% | 3.59% |
| 6 months | 9.32% | 7.70% |
| 1 year | -7.52% | -12.45% |
| 5 years (annualized) | 3.86% | 5.84% |
| 10 years (annualized) | 3.86% | 5.84% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.00% | -4.07% | ||||||||||
| 2022 | -4.97% | 7.35% | 5.73% | -1.68% |
Dividend History
Absolute Core Strategy ETF granted a 1.21% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.17 | $0.15 |
Dividend yield | 1.21% | 1.20% | 0.61% | 0.61% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | ||||||||||
| 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 Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Absolute Core Strategy ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Absolute Core Strategy ETF is 27.82%, recorded on Mar 23, 2020. It took 176 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.82% | Feb 12, 2020 | 28 | Mar 23, 2020 | 176 | Dec 1, 2020 | 204 |
| -17.26% | Apr 21, 2022 | 110 | Sep 27, 2022 | — | — | — |
| -5.84% | Nov 11, 2021 | 14 | Dec 1, 2021 | 19 | Dec 29, 2021 | 33 |
| -5.52% | May 18, 2021 | 88 | Sep 21, 2021 | 36 | Nov 10, 2021 | 124 |
| -4.07% | Jan 18, 2022 | 8 | Jan 27, 2022 | 33 | Mar 16, 2022 | 41 |
| -2.95% | Feb 10, 2021 | 12 | Feb 26, 2021 | 8 | Mar 10, 2021 | 20 |
| -2.81% | Jan 8, 2021 | 13 | Jan 27, 2021 | 8 | Feb 8, 2021 | 21 |
| -2.22% | Mar 18, 2021 | 4 | Mar 23, 2021 | 8 | Apr 5, 2021 | 12 |
| -1.95% | May 10, 2021 | 3 | May 12, 2021 | 3 | May 17, 2021 | 6 |
| -1.93% | Jan 24, 2020 | 6 | Jan 31, 2020 | 4 | Feb 6, 2020 | 10 |
Volatility Chart
Current Absolute Core Strategy ETF volatility is 13.86%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.