TEST portfolio Hedge Funds & ETFs
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in TEST portfolio Hedge Funds & ETFs, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Mar 8, 2017, corresponding to the inception date of PAVE
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 17.79% | 0.18% | 7.53% | 26.42% | 13.48% | 10.85% |
| TEST portfolio Hedge Funds & ETFs | 24.53% | 3.40% | 9.23% | 48.67% | 30.47% | N/A |
| Portfolio components: | ||||||
SMH VanEck Vectors Semiconductor ETF | 32.13% | -8.07% | 4.42% | 59.18% | 34.22% | 27.82% |
BLK BlackRock, Inc. | 15.80% | 6.66% | 14.23% | 37.36% | 18.70% | 13.65% |
BX The Blackstone Group Inc. | 20.75% | 15.06% | 22.80% | 38.52% | 28.51% | 23.17% |
AMP Ameriprise Financial, Inc. | 20.10% | 3.67% | 5.45% | 31.93% | 27.74% | 16.13% |
MS Morgan Stanley | 9.50% | -2.41% | 10.69% | 16.78% | 21.72% | 13.77% |
KKR KKR & Co. Inc. | 56.78% | 7.55% | 31.51% | 105.29% | 36.27% | 22.43% |
ITB iShares U.S. Home Construction ETF | 23.70% | 8.15% | 12.11% | 54.13% | 24.95% | 18.78% |
CG The Carlyle Group Inc. | 6.59% | 1.98% | -7.22% | 35.05% | 13.57% | 9.44% |
BTC-USD Bitcoin | 45.86% | 3.62% | -9.22% | 126.56% | 43.36% | 65.54% |
URA Global X Uranium ETF | -8.99% | -1.02% | -12.19% | 1.43% | 21.22% | 1.99% |
XLK Technology Select Sector SPDR Fund | 13.21% | -3.50% | 3.75% | 29.03% | 23.13% | 19.88% |
JEF Jefferies Financial Group Inc. | 53.43% | 5.56% | 37.25% | 63.64% | 33.33% | 13.01% |
PAVE Global X US Infrastructure Development ETF | 15.05% | 3.26% | 1.55% | 28.80% | 20.27% | N/A |
Monthly Returns
The table below presents the monthly returns of TEST portfolio Hedge Funds & ETFs, 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 | 0.58% | 8.91% | 5.92% | -6.56% | 6.50% | -0.27% | 8.68% | -2.09% | 24.53% | ||||
| 2023 | 17.66% | -2.35% | -0.94% | 0.60% | -1.67% | 9.98% | 5.97% | -2.32% | -2.28% | -4.14% | 16.27% | 11.21% | 55.24% |
| 2022 | -6.66% | -2.73% | 0.60% | -12.76% | 3.40% | -15.71% | 15.77% | -5.15% | -11.19% | 10.16% | 7.29% | -6.97% | -25.54% |
| 2021 | 0.78% | 12.16% | 8.78% | 7.99% | 0.45% | 1.60% | 4.89% | 5.72% | -4.70% | 15.84% | -2.47% | -0.18% | 61.48% |
| 2020 | 4.07% | -9.43% | -19.60% | 15.38% | 10.49% | 4.02% | 6.89% | 4.49% | -3.32% | 2.44% | 18.29% | 12.81% | 48.36% |
| 2019 | 11.26% | 2.35% | 1.30% | 10.84% | -2.93% | 13.86% | 2.28% | -4.16% | 4.61% | 5.03% | 3.82% | 2.82% | 62.49% |
| 2018 | 2.93% | -5.35% | -5.37% | 1.65% | 0.21% | -1.48% | 6.74% | -1.66% | -0.93% | -9.62% | -2.06% | -11.44% | -24.59% |
| 2017 | -0.95% | 2.72% | 7.35% | 4.32% | 4.92% | 4.12% | 3.59% | 5.71% | 9.36% | 8.10% | 61.11% |
Expense Ratio
TEST portfolio Hedge Funds & ETFs has an expense ratio of 0.16%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TEST portfolio Hedge Funds & ETFs is 39, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
SMH VanEck Vectors Semiconductor ETF | 1.41 | 1.93 | 1.25 | 0.84 | 5.69 |
BLK BlackRock, Inc. | 1.56 | 2.14 | 1.26 | 0.50 | 5.74 |
BX The Blackstone Group Inc. | 1.64 | 2.20 | 1.26 | 1.18 | 8.98 |
AMP Ameriprise Financial, Inc. | 1.69 | 2.27 | 1.29 | 0.85 | 9.09 |
MS Morgan Stanley | 0.74 | 1.06 | 1.15 | 0.25 | 3.83 |
KKR KKR & Co. Inc. | 2.88 | 3.61 | 1.48 | 3.22 | 23.82 |
ITB iShares U.S. Home Construction ETF | 1.34 | 1.95 | 1.24 | 0.79 | 5.31 |
CG The Carlyle Group Inc. | 0.42 | 0.77 | 1.10 | 0.11 | 1.29 |
BTC-USD Bitcoin | 0.90 | 1.56 | 1.16 | 0.47 | 3.94 |
URA Global X Uranium ETF | -0.47 | -0.46 | 0.95 | -0.00 | -1.27 |
XLK Technology Select Sector SPDR Fund | 0.92 | 1.34 | 1.17 | 0.35 | 3.93 |
JEF Jefferies Financial Group Inc. | 3.69 | 4.31 | 1.58 | 3.95 | 24.73 |
PAVE Global X US Infrastructure Development ETF | 1.44 | 1.95 | 1.24 | 0.95 | 6.84 |
Dividends
Dividend yield
TEST portfolio Hedge Funds & ETFs granted a 1.83% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TEST portfolio Hedge Funds & ETFs | 1.83% | 1.97% | 1.99% | 1.55% | 1.60% | 2.11% | 2.83% | 2.26% | 3.26% | 4.48% | 2.75% | 1.91% |
| Portfolio components: | ||||||||||||
SMH VanEck Vectors Semiconductor ETF | 0.45% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
BLK BlackRock, Inc. | 2.20% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.06% | 1.95% | 2.41% | 2.56% | 2.16% | 2.12% |
BX The Blackstone Group Inc. | 2.19% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 8.44% | 9.92% | 5.63% | 3.67% |
AMP Ameriprise Financial, Inc. | 1.25% | 1.40% | 1.57% | 1.47% | 2.10% | 2.29% | 3.38% | 1.91% | 2.63% | 2.43% | 1.71% | 1.75% |
MS Morgan Stanley | 3.50% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% | 0.90% | 0.64% |
KKR KKR & Co. Inc. | 0.53% | 0.78% | 1.31% | 0.77% | 1.31% | 1.71% | 3.23% | 3.18% | 4.16% | 10.13% | 8.75% | 6.66% |
ITB iShares U.S. Home Construction ETF | 0.39% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
CG The Carlyle Group Inc. | 3.31% | 3.38% | 4.11% | 1.82% | 3.18% | 4.24% | 7.87% | 5.41% | 11.02% | 21.70% | 6.84% | 3.73% |
BTC-USD Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URA Global X Uranium ETF | 6.78% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% | 4.28% | 0.54% |
XLK Technology Select Sector SPDR Fund | 0.53% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
JEF Jefferies Financial Group Inc. | 2.06% | 2.97% | 0.19% | 1.05% | 2.32% | 0.56% | 1.10% | 1.16% | 1.02% | 1.37% | 1.06% | 0.84% |
PAVE Global X US Infrastructure Development ETF | 0.60% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
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 TEST portfolio Hedge Funds & ETFs. 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 TEST portfolio Hedge Funds & ETFs was 42.68%, occurring on Mar 23, 2020. Recovery took 142 trading sessions.
The current TEST portfolio Hedge Funds & ETFs drawdown is 0.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.68% | Feb 13, 2020 | 40 | Mar 23, 2020 | 142 | Aug 12, 2020 | 182 |
| -37.51% | Nov 10, 2021 | 340 | Oct 15, 2022 | 419 | Dec 8, 2023 | 759 |
| -33.66% | Dec 19, 2017 | 372 | Dec 25, 2018 | 189 | Jul 2, 2019 | 561 |
| -11.41% | Aug 1, 2024 | 7 | Aug 7, 2024 | — | — | — |
| -10.11% | Jul 25, 2019 | 22 | Aug 15, 2019 | 28 | Sep 12, 2019 | 50 |
Volatility
Volatility Chart
The current TEST portfolio Hedge Funds & ETFs volatility is 6.72%, 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.
Diversification
Asset Correlations Table
| BTC-USD | URA | ITB | JEF | SMH | CG | XLK | BX | MS | AMP | KKR | BLK | PAVE | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BTC-USD | 1.00 | 0.15 | 0.12 | 0.14 | 0.17 | 0.13 | 0.17 | 0.14 | 0.14 | 0.13 | 0.15 | 0.14 | 0.16 |
| URA | 0.15 | 1.00 | 0.32 | 0.34 | 0.38 | 0.36 | 0.40 | 0.35 | 0.35 | 0.37 | 0.38 | 0.35 | 0.48 |
| ITB | 0.12 | 0.32 | 1.00 | 0.44 | 0.46 | 0.48 | 0.46 | 0.48 | 0.40 | 0.48 | 0.50 | 0.49 | 0.63 |
| JEF | 0.14 | 0.34 | 0.44 | 1.00 | 0.41 | 0.46 | 0.40 | 0.45 | 0.68 | 0.64 | 0.50 | 0.55 | 0.63 |
| SMH | 0.17 | 0.38 | 0.46 | 0.41 | 1.00 | 0.47 | 0.82 | 0.48 | 0.45 | 0.47 | 0.51 | 0.52 | 0.54 |
| CG | 0.13 | 0.36 | 0.48 | 0.46 | 0.47 | 1.00 | 0.49 | 0.65 | 0.49 | 0.50 | 0.65 | 0.54 | 0.57 |
| XLK | 0.17 | 0.40 | 0.46 | 0.40 | 0.82 | 0.49 | 1.00 | 0.51 | 0.44 | 0.47 | 0.55 | 0.55 | 0.55 |
| BX | 0.14 | 0.35 | 0.48 | 0.45 | 0.48 | 0.65 | 0.51 | 1.00 | 0.49 | 0.51 | 0.68 | 0.55 | 0.55 |
| MS | 0.14 | 0.35 | 0.40 | 0.68 | 0.45 | 0.49 | 0.44 | 0.49 | 1.00 | 0.68 | 0.52 | 0.62 | 0.62 |
| AMP | 0.13 | 0.37 | 0.48 | 0.64 | 0.47 | 0.50 | 0.47 | 0.51 | 0.68 | 1.00 | 0.54 | 0.63 | 0.68 |
| KKR | 0.15 | 0.38 | 0.50 | 0.50 | 0.51 | 0.65 | 0.55 | 0.68 | 0.52 | 0.54 | 1.00 | 0.56 | 0.59 |
| BLK | 0.14 | 0.35 | 0.49 | 0.55 | 0.52 | 0.54 | 0.55 | 0.55 | 0.62 | 0.63 | 0.56 | 1.00 | 0.64 |
| PAVE | 0.16 | 0.48 | 0.63 | 0.63 | 0.54 | 0.57 | 0.55 | 0.55 | 0.62 | 0.68 | 0.59 | 0.64 | 1.00 |