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 |
| Expense Ratio | 0.85% |
| Index Tracked | No Index (Active) |
| Asset Class | Equity |
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
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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.
ABEQCompare to other instruments
ABEQReturns in periods
| Period | Return | Benchmark |
|---|---|---|
| 1M | 6.96% | 4.33% |
| 6M | -1.42% | -0.78% |
| YTD | -0.03% | -15.53% |
| 1Y | 2.28% | -14.36% |
| 5Y | 5.12% | 6.98% |
| 10Y | 5.12% | 6.98% |
ABEQMonthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
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.
| Period | TTM | 2021 | 2020 |
|---|---|---|---|
| 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.
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, 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 |
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.