Macquarie Tax-Free USA Short Term ETF (STAX)
STAX is an actively managed ETF by Macquarie. STAX launched on Nov 28, 2023 and has a 0.29% expense ratio.
ETF Info
| Issuer | Macquarie |
|---|---|
| Inception Date | Nov 28, 2023 |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Asset Class | Bond |
Expense Ratio
STAX features an expense ratio of 0.29%, falling within the medium range.
Share Price Chart
Loading data...
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 Macquarie Tax-Free USA Short Term 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
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.45% | 19.79% |
| 1 month | 0.74% | 2.08% |
| 6 months | 2.42% | 9.01% |
| 1 year | N/A | 29.79% |
| 5 years (annualized) | N/A | 13.85% |
| 10 years (annualized) | N/A | 11.12% |
Monthly Returns
The table below presents the monthly returns of STAX, 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 | -0.08% | 0.07% | -0.12% | -0.33% | -0.07% | 0.74% | 0.90% | 0.86% | 2.45% | ||||
| 2023 | 0.30% | 1.15% | 1.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Macquarie Tax-Free USA Short Term ETF (STAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Macquarie Tax-Free USA Short Term ETF granted a 2.33% dividend yield in the last twelve months. The annual payout for that period amounted to $0.59 per share.
| Period | TTM |
|---|---|
| Dividend | $0.59 |
Dividend yield | 2.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Macquarie Tax-Free USA Short Term 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 | $0.13 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.00 | $0.59 |
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 Macquarie Tax-Free USA Short Term 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 Macquarie Tax-Free USA Short Term ETF was 0.86%, occurring on Apr 10, 2024. Recovery took 46 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -0.86% | Mar 21, 2024 | 14 | Apr 10, 2024 | 46 | Jun 14, 2024 | 60 |
| -0.55% | Dec 28, 2023 | 18 | Jan 24, 2024 | 6 | Feb 1, 2024 | 24 |
| -0.44% | Feb 2, 2024 | 8 | Feb 13, 2024 | 14 | Mar 5, 2024 | 22 |
| -0.17% | Jun 26, 2024 | 4 | Jul 1, 2024 | 2 | Jul 3, 2024 | 6 |
| -0.15% | Aug 5, 2024 | 4 | Aug 8, 2024 | 4 | Aug 14, 2024 | 8 |
Volatility
Volatility Chart
The current Macquarie Tax-Free USA Short Term ETF volatility is 0.26%, 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.