SPAX Performance — Robinson Alternative Yield Pre-Merger SPAC ETF
Data updated: 2025-03-27
SPAX returned +4.17% over one year to Jan 2025. The annualised 3-year return is +4.37%. The fund trailed its Global Financials Equity category average: $100 invested three years ago grew to $114, against $134 for the category, and to $104 over one year, against $129. Volatility over the past three years was 0.98% a year. In the 12 months to Jan 2025 the fund lost a net $9.7M, and assets reached $7.58M.
SPAX Growth of $100
What $100 invested in Robinson Alternative Yield Pre-Merger SPAC ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Financials Equity category average over the same months.
| Period | SPAX | Category average |
|---|---|---|
| 1 year (Feb 2024 – Jan 2025) | $104 | $129 |
| 3 years (Feb 2022 – Jan 2025) | $114 | $134 |
| Since data start (Jun 2021 – Jan 2025) | $116 | $133 |
SPAX Trailing Returns
Total returns to Jan 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.17% |
| 3 years (annualised) | +4.37% |
SPAX Annual Returns
Calendar-year total returns of Robinson Alternative Yield Pre-Merger SPAC ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jan) | +0.20% |
| 2024 | +4.24% |
| 2023 | +5.74% |
| 2022 | +2.42% |
| 2021 (Jun–Dec) | +2.50% |
SPAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.2% | — | — | — | — | — | — | — | — | — | — | — |
| 2024 | +0.3% | +0.3% | +0.2% | +0.1% | +0.8% | +0.1% | +0.5% | −0.1% | +0.7% | +0.3% | +0.1% | +0.8% |
| 2023 | +0.5% | +0.5% | +0.4% | +0.3% | +0.8% | +0.8% | +0.1% | +0.8% | +0.3% | +0.1% | +0.5% | +0.5% |
| 2022 | −0.5% | +0.1% | +0.4% | +0.3% | −0.4% | +0.1% | +0.3% | +0.1% | +0.1% | +0.6% | +0.5% | +0.8% |
| 2021 | — | — | — | — | — | +0.2% | −0.4% | −0.3% | +0.5% | +1.7% | +0.6% | +0.3% |
SPAX Risk
Risk measures from monthly returns over Feb 2022 – Jan 2025.
- 3-year volatility (annualised): 0.98%
- 3-year Sharpe ratio: -0.13 (vs 4.5% risk-free rate)
- Best month: +0.81% (Dec 2024)
- Worst month: −0.39% (May 2022)
SPAX Fund Flows
Monthly money in and out of Robinson Alternative Yield Pre-Merger SPAC ETF, from SEC Form N-PORT.
- 12-month net flow: −$9.7M
- 12-month gross sales (incl. reinvestments): $2.0M
- Sales ÷ redemptions: 0.17×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jan 2025 | $0 | $0 | $0 |
| Dec 2024 | $0 | $509K | −$509K |
| Nov 2024 | $0 | $0 | $0 |
| Oct 2024 | $0 | $4.5M | −$4.5M |
| Sep 2024 | $0 | $0 | $0 |
| Aug 2024 | $0 | $1.0M | −$1.0M |
| Jul 2024 | $2.0M | $1.0M | $1.0M |
| Jun 2024 | $0 | $515K | −$515K |
| May 2024 | $0 | $1.0M | −$1.0M |
| Apr 2024 | $0 | $1.5M | −$1.5M |
| Mar 2024 | $0 | $1.0M | −$1.0M |
| Feb 2024 | $0 | $512K | −$512K |
SPAX Assets Under Management
Net assets of Robinson Alternative Yield Pre-Merger SPAC ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-01-31 | $7.58M |
| 2024-10-31 | $8.12M |
| 2024-07-31 | $13.76M |
| 2024-04-30 | $14.26M |
| 2024-01-31 | $17.43M |
| 2023-10-31 | $19.90M |
| 2023-07-31 | $24.74M |
| 2023-04-30 | $28.04M |
| 2023-01-31 | $27.71M |
| 2022-10-31 | $26.95M |
| 2022-07-31 | $25.17M |
| 2022-04-30 | $20.56M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.