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Absolute Core Strategy ETF (ABEQ)

ETF · Currency in USD · Last updated Jun 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$27.41
Year Range$26.68 - $30.27
EMA (50)$28.28
EMA (200)$28.29
Average Volume$14.71K

ABEQShare Price Chart


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ABEQPerformance

The chart shows the growth of $10,000 invested in Absolute Core Strategy ETF on Jan 23, 2020 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $11,110 for a total return of roughly 11.10%. All prices are adjusted for splits and dividends.


ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

ABEQReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-5.77%-6.21%
YTD-3.66%-18.17%
6M-2.35%-17.47%
1Y0.40%-8.89%
5Y4.43%6.83%
10Y4.43%6.83%

ABEQMonthly Returns Heatmap


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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 0.03. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

ABEQDividend History

Absolute Core Strategy ETF granted a 0.63% dividend yield in the last twelve months. The annual payout for that period amounted to $0.17 per share.


PeriodTTM20212020
Dividend$0.17$0.17$0.15

Dividend yield

0.63%0.60%0.60%

ABEQDrawdowns Chart

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


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
-11.64%Apr 21, 202241Jun 17, 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 16.09%. 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.


ABEQ (Absolute Core Strategy ETF)
Benchmark (^GSPC)

Portfolios with Absolute Core Strategy ETF


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