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.
ETF Info
| Issuer | Absolute Investment Advisers LLC |
|---|---|
| Inception Date | Jan 21, 2020 |
| Region | Developed Markets (Broad) |
| Category | All Cap Equities, Actively Managed |
| 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.
Share Price Chart
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Compare to other instruments
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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.
Returns By Period
Absolute Core Strategy ETF had a return of 9.86% year-to-date (YTD) and 10.03% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.86% | 13.20% |
| 1 month | 2.68% | -1.28% |
| 6 months | 9.26% | 10.32% |
| 1 year | 10.03% | 18.23% |
| 5 years (annualized) | N/A | 12.31% |
| 10 years (annualized) | N/A | 10.58% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.56% | 1.17% | 5.38% | -2.53% | 3.26% | -1.50% | 9.86% | ||||||
| 2023 | 4.00% | -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, 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.
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.
Dividends
Dividend History
Absolute Core Strategy ETF granted a 1.68% dividend yield in the last twelve months. The annual payout for that period amounted to $0.52 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.52 | $0.74 | $0.33 | $0.17 | $0.15 |
Dividend yield | 1.68% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $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.
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 1.57%.
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 | 361 | Mar 6, 2024 | 471 |
| -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 |
Volatility
Volatility Chart
The current Absolute Core Strategy ETF volatility is 2.58%, 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.