PortfoliosLab logo

Absolute Core Strategy ETF (ABEQ)

ETF · Currency in USD · Last updated Nov 28, 2022

ABEQ is an actively managed ETF by Absolute Investment Advisers LLC. ABEQ launched on Jan 21, 2020 and has a 0.85% expense ratio.

ETF Info

IssuerAbsolute Investment Advisers LLC
Inception DateJan 21, 2020
RegionDeveloped Markets (Broad)
CategoryAll Cap Equities, Actively Managed
Expense Ratio0.85%
Index TrackedNo Index (Active)
Asset ClassEquity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Trading Data

Previous Close$28.28
Year Range$24.94 - $30.14
EMA (50)$26.90
EMA (200)$27.35
Average Volume$15.77K

ABEQShare Price Chart


Loading data...

ABEQPerformance

The chart shows the growth of $10,000 invested in Absolute Core Strategy ETF in Jan 2020 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,529 for a total return of roughly 15.29%. All prices are adjusted for splits and dividends.


-15.00%-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
-2.37%
-2.57%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

ABEQCompare to other instruments

Search for stocks, ETFs, and funds to compare with ABEQ

ABEQReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M6.96%4.33%
6M-1.42%-0.78%
YTD-0.03%-15.53%
1Y2.28%-14.36%
5Y5.12%6.98%
10Y5.12%6.98%

ABEQMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2022-0.45%1.30%4.29%-4.51%1.96%-7.50%1.83%-3.20%-4.97%7.35%4.96%
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%
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%

ABEQSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Absolute Core Strategy ETF Sharpe ratio is 0.16. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-0.80-0.60-0.40-0.200.000.200.40JuneJulyAugustSeptemberOctoberNovember
0.16
-0.60
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

ABEQDividend History

Absolute Core Strategy ETF granted a 0.85% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.


PeriodTTM20212020
Dividend$0.24$0.17$0.15

Dividend yield

0.85%0.61%0.60%

ABEQDrawdowns Chart

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


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2022FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovember
-6.04%
-16.06%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

ABEQWorst 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, 202028Mar 23, 2020176Dec 1, 2020204
-17.26%Apr 21, 2022110Sep 27, 2022
-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
-2.95%Feb 10, 202112Feb 26, 20218Mar 10, 202120
-2.81%Jan 8, 202113Jan 27, 20218Feb 8, 202121
-2.22%Mar 18, 20214Mar 23, 20218Apr 5, 202112
-1.95%May 10, 20213May 12, 20213May 17, 20216
-1.93%Jan 24, 20206Jan 31, 20204Feb 6, 202010

ABEQVolatility Chart

Current Absolute Core Strategy ETF volatility is 7.00%. 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.


5.00%10.00%15.00%20.00%25.00%30.00%35.00%40.00%JuneJulyAugustSeptemberOctoberNovember
7.00%
12.31%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)