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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.
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Returns By Period
Robinson Alternative Yield Pre-merger SPAC ETF
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | -0.25% | 0.32% | 0.30% | -0.34% | 0.02% | ||||||||
| 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% |
| 2023 | 1.52% | 0.77% | 0.17% | 0.47% | 0.78% | 0.40% | 0.65% | -0.12% | 0.91% | 0.11% | 0.51% | 0.27% | 6.63% |
| 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 | -0.02% | -0.57% | -0.36% | 0.48% | 1.85% | 0.43% | 0.38% | 2.19% |
Benchmark Metrics
Robinson Alternative Yield Pre-merger SPAC ETF has an annualized alpha of 4.26%, beta of 0.02, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 24, 2021.
- This ETF captured 8.73% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.78%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R² of 0.00 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 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.26%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 8.73%
- Downside Capture
- -4.78%
Expense Ratio
SPAX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) and compare them to a chosen benchmark (S&P 500 Index).
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Robinson Alternative Yield Pre-merger SPAC ETF provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Dividend | $0.00 | $1.11 | $1.54 | $0.20 |
Dividend yield | 0.00% | 5.50% | 7.54% | 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 | $1.27 | $1.54 |
| 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 464 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.88% | Jan 27, 2022 | 78 | May 18, 2022 | 464 | Mar 25, 2024 | 542 |
| -2.1% | Apr 26, 2024 | 4 | May 1, 2024 | 5 | May 8, 2024 | 9 |
| -1.75% | Oct 2, 2024 | 6 | Oct 9, 2024 | 18 | Nov 4, 2024 | 24 |
| -1.68% | Apr 1, 2024 | 2 | Apr 2, 2024 | 17 | Apr 25, 2024 | 19 |
| -1.67% | Jan 7, 2025 | 13 | Jan 27, 2025 | 15 | Feb 18, 2025 | 28 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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