Robinson Alternative Yield Pre-merger SPAC ETF (SPAX)
SPAX is an actively managed ETF by Toroso Investments. SPAX launched on Jun 22, 2021 and has a 0.85% expense ratio.
ETF Info
Jun 22, 2021
North America (U.S.)
1x
No Index (Active)
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
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Performance
Performance Chart
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Returns By Period
SPAX
N/A
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^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.89% | 0.97% | 1.01% | -0.66% | 0.42% | ||||||||
| 2024 | -0.02% | -0.15% | 1.50% | -0.76% | 1.07% | 0.24% | 0.87% | 0.37% | 0.52% | -0.54% | 0.47% | 1.47% | 5.11% |
| 2023 | 1.52% | 0.77% | 0.17% | 0.47% | 0.78% | 0.40% | 0.65% | -0.12% | 0.91% | 0.11% | 0.51% | -1.88% | 4.35% |
| 2022 | -0.55% | 0.37% | 0.24% | 0.34% | -0.93% | 0.81% | 0.11% | -0.38% | 0.51% | 0.80% | 0.79% | -0.86% | 1.25% |
| 2021 | 0.25% | -0.57% | -0.36% | 0.48% | 1.85% | 0.43% | 0.38% | 2.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 80, SPAX is among the top 20% 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.
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.
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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.
| Period | TTM | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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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 575 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.88% | Jan 27, 2022 | 78 | May 18, 2022 | 575 | Sep 3, 2024 | 653 |
| -1.75% | Oct 2, 2024 | 6 | Oct 9, 2024 | 18 | Nov 4, 2024 | 24 |
| -1.67% | Jan 27, 2025 | 1 | Jan 27, 2025 | 15 | Feb 18, 2025 | 16 |
| -1.62% | Jan 7, 2025 | 10 | Jan 22, 2025 | 2 | Jan 24, 2025 | 12 |
| -1.61% | Feb 27, 2025 | 21 | Mar 27, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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