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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

ABEQ has a high expense ratio of 0.85%, indicating higher-than-average management fees.


Expense ratio chart for ABEQ: current value at 0.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.85%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Absolute Core Strategy ETF

Popular comparisons: ABEQ vs. NVDA

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%December2024FebruaryMarchAprilMay
30.56%
59.65%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

S&P 500

Returns By Period

Absolute Core Strategy ETF had a return of 9.29% year-to-date (YTD) and 11.92% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date9.29%11.18%
1 month6.15%5.60%
6 months14.03%17.48%
1 year11.92%26.33%
5 years (annualized)N/A13.16%
10 years (annualized)N/A10.99%

Monthly Returns

The table below presents the monthly returns of ABEQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.56%1.17%5.38%-2.53%9.29%
20234.00%-4.07%0.64%3.45%-4.41%3.27%1.95%-1.64%-3.02%-1.34%4.21%2.06%4.63%
2022-0.45%1.30%4.29%-4.51%1.96%-7.50%1.83%-3.20%-4.97%7.35%5.73%-1.68%-0.99%
2021-0.41%0.08%3.45%4.37%3.40%-3.83%1.64%0.77%-3.48%2.45%-1.99%5.91%12.49%
2020-1.86%-6.94%-11.39%8.66%2.17%-0.35%3.93%2.37%-1.33%-1.32%7.49%2.83%2.51%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ABEQ is 58, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of ABEQ is 5858
ABEQ (Absolute Core Strategy ETF)
The Sharpe Ratio Rank of ABEQ is 5858Sharpe Ratio Rank
The Sortino Ratio Rank of ABEQ is 5656Sortino Ratio Rank
The Omega Ratio Rank of ABEQ is 5656Omega Ratio Rank
The Calmar Ratio Rank of ABEQ is 6464Calmar Ratio Rank
The Martin Ratio Rank of ABEQ is 5656Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Absolute Core Strategy ETF (ABEQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ABEQ
Sharpe ratio
The chart of Sharpe ratio for ABEQ, currently valued at 1.38, compared to the broader market0.002.004.001.38
Sortino ratio
The chart of Sortino ratio for ABEQ, currently valued at 2.00, compared to the broader market0.005.0010.002.00
Omega ratio
The chart of Omega ratio for ABEQ, currently valued at 1.24, compared to the broader market0.501.001.502.002.503.001.24
Calmar ratio
The chart of Calmar ratio for ABEQ, currently valued at 1.31, compared to the broader market0.005.0010.0015.001.31
Martin ratio
The chart of Martin ratio for ABEQ, currently valued at 4.79, compared to the broader market0.0020.0040.0060.0080.00100.004.79
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.38, compared to the broader market0.002.004.002.38
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.37, compared to the broader market0.005.0010.003.37
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.42, compared to the broader market0.501.001.502.002.503.001.42
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.94, compared to the broader market0.005.0010.0015.001.94
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.12, compared to the broader market0.0020.0040.0060.0080.00100.009.12

Sharpe Ratio

The current Absolute Core Strategy ETF Sharpe ratio is 1.38. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Absolute Core Strategy ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
1.38
2.38
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Absolute Core Strategy ETF granted a 2.38% 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

2.38%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$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$0.74
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$0.33
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$0.17
2020$0.06$0.00$0.00$0.00$0.00$0.00$0.09$0.15

Drawdowns

Drawdowns Chart

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


-7.00%-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%December2024FebruaryMarchAprilMay0
-0.09%
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 2.43%, 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.


1.00%2.00%3.00%4.00%5.00%December2024FebruaryMarchAprilMay
2.43%
3.36%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)