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

ETF Info

Issuer

Absolute Investment Advisers LLC

Inception Date

Jan 21, 2020

Region

Developed Markets (Broad)

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Expense Ratio

ABEQ features an expense ratio of 0.85%, falling within the medium range.


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.


Popular comparisons:
ABEQ vs. NVDA ABEQ vs. UL
Popular comparisons:
ABEQ vs. NVDA ABEQ vs. UL

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.


30.00%40.00%50.00%60.00%70.00%80.00%JulyAugustSeptemberOctoberNovemberDecember
33.49%
76.78%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

Returns By Period

Absolute Core Strategy ETF had a return of 11.74% year-to-date (YTD) and 12.05% in the last 12 months.


ABEQ

YTD

11.74%

1M

-3.27%

6M

5.44%

1Y

12.05%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

23.11%

1M

-0.36%

6M

7.02%

1Y

23.15%

5Y*

12.80%

10Y*

11.01%

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%3.26%-1.50%5.43%3.56%0.09%-0.50%2.12%11.74%
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%-7.51%1.83%-3.19%-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%12.50%
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 61, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of ABEQ is 6161
Overall Rank
The Sharpe Ratio Rank of ABEQ is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of ABEQ is 5757
Sortino Ratio Rank
The Omega Ratio Rank of ABEQ is 5858
Omega Ratio Rank
The Calmar Ratio Rank of ABEQ is 6868
Calmar Ratio Rank
The Martin Ratio Rank of ABEQ is 6464
Martin 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.


Sharpe ratio
The chart of Sharpe ratio for ABEQ, currently valued at 1.38, compared to the broader market0.002.004.001.381.90
The chart of Sortino ratio for ABEQ, currently valued at 1.92, compared to the broader market-2.000.002.004.006.008.0010.001.922.54
The chart of Omega ratio for ABEQ, currently valued at 1.25, compared to the broader market0.501.001.502.002.503.001.251.35
The chart of Calmar ratio for ABEQ, currently valued at 2.37, compared to the broader market0.005.0010.0015.002.372.81
The chart of Martin ratio for ABEQ, currently valued at 8.25, compared to the broader market0.0020.0040.0060.0080.00100.008.2512.39
ABEQ
^GSPC

The current Absolute Core Strategy ETF Sharpe ratio is 1.38. This value is calculated based on the past 1 year 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 Ratio1.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.38
1.90
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Absolute Core Strategy ETF provided a 1.65% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 3 consecutive years.


1.00%1.50%2.00%2.50%$0.00$0.20$0.40$0.60$0.802020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020
Dividend$0.52$0.74$0.33$0.17$0.15

Dividend yield

1.65%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$0.18$0.00$0.00$0.00$0.00$0.00$0.00$0.18
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. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-5.34%
-3.58%
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.

The current Absolute Core Strategy ETF drawdown is 5.34%.


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
-5.34%Oct 21, 202442Dec 18, 2024

Volatility

Volatility Chart

The current Absolute Core Strategy ETF volatility is 2.73%, 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.


2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
2.73%
3.64%
ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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