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Robinson Alternative Yield Pre-merger SPAC ETF (SP...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

Inception Date

Jun 22, 2021

Region

North America (U.S.)

Leveraged

1x

Index Tracked

No Index (Active)

Asset Class

Equity

Asset Class Size

Small-Cap

Expense Ratio

SPAX has an expense ratio of 0.85%, placing it in the medium range.


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.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Robinson Alternative Yield Pre-merger SPAC ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


10.00%20.00%30.00%40.00%50.00%December2025FebruaryMarchApril
16.45%
26.44%
SPAX (Robinson Alternative Yield Pre-merger SPAC ETF)
Benchmark (^GSPC)

Returns By Period

Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) returned 0.42% year-to-date (YTD) and 4.47% over the past 12 months.


SPAX

YTD

0.42%

1M

0.00%

6M

1.15%

1Y

4.47%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

-4.67%

1M

10.50%

6M

-3.04%

1Y

8.23%

5Y*

14.30%

10Y*

10.26%

*Annualized

Monthly Returns

The table below presents the monthly returns of SPAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025-0.25%0.32%0.30%0.05%0.42%
2024-0.02%-0.14%1.50%-0.76%1.07%0.24%0.87%0.37%0.52%-0.54%0.47%1.47%5.11%
20231.52%0.77%0.17%0.47%0.78%0.40%0.65%-0.12%0.91%0.11%0.51%0.26%6.63%
2022-0.56%0.37%0.24%0.35%-0.93%0.81%0.12%-0.38%0.51%0.80%0.79%-0.86%1.25%
2021-0.02%-0.57%-0.36%0.48%1.85%0.43%0.38%2.19%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 76, SPAX is among the top 24% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of SPAX is 7676
Overall Rank
The Sharpe Ratio Rank of SPAX is 6565
Sharpe Ratio Rank
The Sortino Ratio Rank of SPAX is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPAX is 6767
Omega Ratio Rank
The Calmar Ratio Rank of SPAX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of SPAX is 8989
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 Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The current Robinson Alternative Yield Pre-merger SPAC ETF Sharpe ratio is 0.72. 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 Robinson Alternative Yield Pre-merger SPAC 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 Ratio0.001.002.003.00December2025FebruaryMarchApril
0.72
0.21
SPAX (Robinson Alternative Yield Pre-merger SPAC ETF)
Benchmark (^GSPC)

Dividends

Dividend History

Robinson Alternative Yield Pre-merger SPAC ETF provided a 4.15% dividend yield over the last twelve months, with an annual payout of $0.84 per share. The fund has been increasing its distributions for 2 consecutive years.


1.00%2.00%3.00%4.00%5.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.20202220232024
Dividends
Dividend Yield
PeriodTTM202420232022
Dividend$0.84$1.11$1.09$0.20

Dividend yield

4.15%5.50%5.37%0.97%

Monthly Dividends

The table displays the monthly dividend distributions for Robinson Alternative Yield Pre-merger SPAC ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.27$0.00$0.00$0.30$1.11
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.27$0.00$0.00$0.82$1.09
2022$0.20$0.20

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchApril
-0.75%
-12.71%
SPAX (Robinson Alternative Yield Pre-merger SPAC ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Robinson Alternative Yield Pre-merger SPAC 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 Robinson Alternative Yield Pre-merger SPAC ETF was 8.88%, occurring on May 18, 2022. Recovery took 464 trading sessions.

The current Robinson Alternative Yield Pre-merger SPAC ETF drawdown is 0.75%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-8.88%Jan 27, 202278May 18, 2022464Mar 25, 2024542
-2.1%Apr 26, 20244May 1, 20245May 8, 20249
-1.75%Oct 2, 20246Oct 9, 202418Nov 4, 202424
-1.68%Apr 1, 20242Apr 2, 202417Apr 25, 202419
-1.67%Jan 27, 20251Jan 27, 202515Feb 18, 202516

Volatility

Volatility Chart

The current Robinson Alternative Yield Pre-merger SPAC ETF volatility is 2.25%, 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.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchApril
2.25%
13.73%
SPAX (Robinson Alternative Yield Pre-merger SPAC ETF)
Benchmark (^GSPC)