- CUSIP
- 00764Q637
- Issuer
- Frontier
- Inception Date
- Dec 19, 2024
- Region
- Global (Broad)
- Category
- Multistrategy, Global Allocation
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $12M
Share Price Chart
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Performance
FARX Performance Chart
Frontier Asset Absolute Return ETF (FARX) is up 8.2% since the beginning of the year. FARX is currently trading at $29 per share.
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Returns By Period
Frontier Asset Absolute Return ETF (FARX) has returned 8.23% so far this year and 17.80% over the past 12 months.
Frontier Asset Absolute Return ETF
- 1D
- 0.17%
- 1M
- -0.78%
- YTD
- 8.23%
- 6M
- 7.88%
- 1Y
- 17.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FARX Monthly Returns History
Based on dividend-adjusted daily data since Dec 20, 2024, FARX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 74% of months were positive and 26% were negative. The best month was Jan 2026 with a return of +3.5%, while the worst month was Apr 2025 at -1.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, FARX closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +1.8%, while the worst single day was Jan 30, 2026 at -2.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.46% | 2.64% | -0.61% | 3.07% | 0.03% | -0.55% | 8.23% | ||||||
| 2025 | 1.89% | -0.90% | 0.26% | -1.56% | 0.78% | 1.80% | -0.17% | 1.80% | 2.92% | 1.30% | 1.27% | 0.84% | 10.61% |
| 2024 | 0.04% | 0.04% |
Benchmark Metrics
Frontier Asset Absolute Return ETF has an annualized alpha of 8.62%, beta of 0.23, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since December 20, 2024.
- This ETF captured 40.15% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.44%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.23 may look defensive, but with R2 of 0.33 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 8.62%
- Beta
- 0.23
- R²
- 0.33
- Upside Capture
- 40.15%
- Downside Capture
- -0.44%
Expense Ratio
FARX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FARX ranks 85 for risk / return — in the top 85% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Frontier Asset Absolute Return ETF (FARX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FARX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.37 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 6.39 | 2.78 | +3.61 |
| Martin ratioReturn relative to average drawdown | 19.67 | 12.44 | +7.23 |
Dividends
Dividend History
Frontier Asset Absolute Return ETF provided a 2.93% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.85 | $0.88 | $0.05 |
Dividend yield | 2.93% | 3.25% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Frontier Asset Absolute Return 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.54 | $0.88 |
| 2024 | $0.05 | $0.05 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Frontier Asset Absolute Return 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 Frontier Asset Absolute Return ETF was 5.83%, occurring on Apr 7, 2025. Recovery took 71 trading sessions.
The current Frontier Asset Absolute Return ETF drawdown is 1.56%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -5.83%Apr 2025 | 1mo 17d | 3mo 15d | 5mo 2dFeb 2025 - Jul 2025 |
2026 pullback2026 | -2.80%Feb 2026 | 6d | 20d | 26dJan 2026 - Feb 2026 |
2026 pullback2026 | -2.69%Jun 2026 | 28d | — | 1mo 11dMay 2026 - now |
2026 pullback2026 | -2.34%Mar 2026 | 20d | 9d | 29dMar 2026 - Apr 2026 |
2025 pullback2025 | -2.31%Aug 2025 | 8d | 1mo 2d | 1mo 10dJul 2025 - Sep 2025 |
Drawdown Indicators
| FARX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.83% | -56.78% | +50.95% |
Max Drawdown (1Y)Largest decline over 1 year | -2.80% | -9.10% | +6.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.80% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -10.71% | +9.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 2.03% | -1.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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