ABEQ vs. NVDA
Compare and contrast key facts about Absolute Core Strategy ETF (ABEQ) and NVIDIA Corporation (NVDA).
ABEQ is an actively managed fund by Absolute Investment Advisers LLC. It was launched on Jan 21, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABEQ or NVDA.
Key characteristics
| ABEQ | NVDA | |
|---|---|---|
| YTD Return | 8.44% | 84.48% |
| 1Y Return | 10.32% | 215.63% |
| 3Y Return (Ann) | 4.37% | 86.23% |
| Sharpe Ratio | 1.25 | 4.50 |
| Daily Std Dev | 8.69% | 49.47% |
| Max Drawdown | -27.82% | -89.72% |
| Current Drawdown | 0.00% | -3.84% |
Correlation
The correlation between ABEQ and NVDA is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ABEQ vs. NVDA - Performance Comparison
In the year-to-date period, ABEQ achieves a 8.44% return, which is significantly lower than NVDA's 84.48% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ABEQ vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Absolute Core Strategy ETF (ABEQ) and NVIDIA Corporation (NVDA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
ABEQ vs. NVDA - Dividend Comparison
ABEQ's dividend yield for the trailing twelve months is around 2.39%, more than NVDA's 0.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEQ Absolute Core Strategy ETF | 2.39% | 2.60% | 1.20% | 0.60% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
ABEQ vs. NVDA - Drawdown Comparison
The maximum ABEQ drawdown since its inception was -27.82%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for ABEQ and NVDA. For additional features, visit the drawdowns tool.
Volatility
ABEQ vs. NVDA - Volatility Comparison
The current volatility for Absolute Core Strategy ETF (ABEQ) is 2.52%, while NVIDIA Corporation (NVDA) has a volatility of 17.26%. This indicates that ABEQ experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.