ABEQ vs. UL
Compare and contrast key facts about Absolute Core Strategy ETF (ABEQ) and The Unilever Group (UL).
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 UL.
Key characteristics
| ABEQ | UL | |
|---|---|---|
| YTD Return | 16.06% | 37.05% |
| 1Y Return | 18.10% | 31.46% |
| 3Y Return (Ann) | 7.29% | 9.08% |
| Sharpe Ratio | 1.98 | 1.95 |
| Daily Std Dev | 9.11% | 15.50% |
| Max Drawdown | -27.82% | -53.55% |
| Current Drawdown | 0.00% | -0.42% |
Correlation
The correlation between ABEQ and UL is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ABEQ vs. UL - Performance Comparison
In the year-to-date period, ABEQ achieves a 16.06% return, which is significantly lower than UL's 37.05% 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. UL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Absolute Core Strategy ETF (ABEQ) and The Unilever Group (UL). 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. UL - Dividend Comparison
ABEQ's dividend yield for the trailing twelve months is around 1.59%, less than UL's 2.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEQ Absolute Core Strategy ETF | 1.59% | 2.60% | 1.20% | 0.60% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UL The Unilever Group | 2.85% | 3.83% | 3.61% | 3.77% | 3.07% | 3.18% | 3.49% | 2.82% | 3.44% | 3.06% | 3.72% | 3.39% |
Drawdowns
ABEQ vs. UL - Drawdown Comparison
The maximum ABEQ drawdown since its inception was -27.82%, smaller than the maximum UL drawdown of -53.55%. Use the drawdown chart below to compare losses from any high point for ABEQ and UL. For additional features, visit the drawdowns tool.
Volatility
ABEQ vs. UL - Volatility Comparison
The current volatility for Absolute Core Strategy ETF (ABEQ) is 2.96%, while The Unilever Group (UL) has a volatility of 4.68%. This indicates that ABEQ experiences smaller price fluctuations and is considered to be less risky than UL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.