ABEQ vs. XLF
Compare and contrast key facts about Absolute Core Strategy ETF (ABEQ) and Financial Select Sector SPDR Fund (XLF).
ABEQ and XLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ABEQ is an actively managed fund by Absolute Investment Advisers LLC. It was launched on Jan 21, 2020. XLF is a passively managed fund by State Street that tracks the performance of the Financial Select Sector Index. It was launched on Dec 16, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABEQ or XLF.
Correlation
The correlation between ABEQ and XLF is 0.70, 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. XLF - Performance Comparison
Key characteristics
ABEQ:
1.14
XLF:
1.12
ABEQ:
1.63
XLF:
1.65
ABEQ:
1.24
XLF:
1.24
ABEQ:
1.73
XLF:
1.50
ABEQ:
6.78
XLF:
5.72
ABEQ:
2.03%
XLF:
4.07%
ABEQ:
11.53%
XLF:
20.23%
ABEQ:
-27.82%
XLF:
-82.43%
ABEQ:
-0.78%
XLF:
-4.12%
Returns By Period
In the year-to-date period, ABEQ achieves a 7.58% return, which is significantly higher than XLF's 3.54% return.
ABEQ
7.58%
7.80%
4.38%
13.08%
10.46%
N/A
XLF
3.54%
13.52%
3.09%
22.43%
19.75%
14.13%
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ABEQ vs. XLF - Expense Ratio Comparison
ABEQ has a 0.85% expense ratio, which is higher than XLF's 0.13% expense ratio.
Risk-Adjusted Performance
ABEQ vs. XLF — Risk-Adjusted Performance Rank
ABEQ
XLF
ABEQ vs. XLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Absolute Core Strategy ETF (ABEQ) and Financial Select Sector SPDR Fund (XLF). 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. XLF - Dividend Comparison
ABEQ's dividend yield for the trailing twelve months is around 1.38%, less than XLF's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABEQ Absolute Core Strategy ETF | 1.38% | 1.48% | 2.60% | 1.20% | 0.60% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLF Financial Select Sector SPDR Fund | 1.43% | 1.42% | 1.71% | 2.04% | 1.63% | 2.03% | 1.86% | 2.09% | 1.48% | 1.63% | 2.40% | 1.98% |
Drawdowns
ABEQ vs. XLF - Drawdown Comparison
The maximum ABEQ drawdown since its inception was -27.82%, smaller than the maximum XLF drawdown of -82.43%. Use the drawdown chart below to compare losses from any high point for ABEQ and XLF. For additional features, visit the drawdowns tool.
Volatility
ABEQ vs. XLF - Volatility Comparison
The current volatility for Absolute Core Strategy ETF (ABEQ) is 5.16%, while Financial Select Sector SPDR Fund (XLF) has a volatility of 9.44%. This indicates that ABEQ experiences smaller price fluctuations and is considered to be less risky than XLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.