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
| Issuer | Toroso Investments |
|---|---|
| Inception Date | Jun 22, 2021 |
| Region | North America (U.S.) |
| Category | Actively Managed, Event Driven |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.robinsonetfs.com |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Expense Ratio
SPAX features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: SPAX vs. EUFN, SPAX vs. SPY, SPAX vs. USRT, SPAX vs. COWZ, SPAX vs. SVOL, SPAX vs. FXAIX, SPAX vs. JEPQ, SPAX vs. JEPI, SPAX vs. FSPTX, SPAX vs. FZROX
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.
Returns By Period
Robinson Alternative Yield Pre-merger SPAC ETF had a return of 4.21% year-to-date (YTD) and 4.97% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.21% | 19.77% |
| 1 month | 1.22% | -0.67% |
| 6 months | 3.14% | 10.27% |
| 1 year | 4.97% | 31.07% |
| 5 years (annualized) | N/A | 13.22% |
| 10 years (annualized) | N/A | 10.92% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.02% | -0.14% | 1.50% | -0.76% | 1.07% | 0.24% | 0.87% | 0.37% | 0.52% | -0.54% | 4.21% | ||
| 2023 | 1.52% | 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 | -0.03% | -0.57% | -0.36% | 0.48% | 1.85% | 0.43% | 0.38% | 2.19% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPAX is 43, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Robinson Alternative Yield Pre-merger SPAC ETF provided a 10.18% dividend yield over the last twelve months, with an annual payout of $2.08 per share.
| Period | TTM | 2023 | 2022 |
|---|---|---|---|
| Dividend | $2.08 | $1.54 | $0.20 |
Dividend yield | 10.18% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.81 | |
| 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.
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 20, 2022. Recovery took 462 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.88% | Jan 27, 2022 | 80 | May 20, 2022 | 462 | 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 |
| -1.25% | Jun 29, 2021 | 42 | Aug 26, 2021 | 39 | Oct 21, 2021 | 81 |
Volatility
Volatility Chart
The current Robinson Alternative Yield Pre-merger SPAC ETF volatility is 2.32%, 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.