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bd
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


MAIN 25%HTGC 25%TRIN 25%CSWC 25%EquityEquity
PositionCategory/SectorWeight
CSWC
Capital Southwest Corporation
Financial Services
25%
HTGC
Hercules Capital, Inc.
Financial Services
25%
MAIN
Main Street Capital Corporation
Financial Services
25%
TRIN
Trinity Capital Inc.
Financial Services
25%

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in bd, 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


0.00%5.00%10.00%15.00%MayJuneJulyAugustSeptemberOctober
10.84%
16.59%
bd
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Jan 29, 2021, corresponding to the inception date of TRIN

Returns By Period


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
22.49%3.72%16.33%33.60%14.41%11.99%
bd19.96%3.67%10.84%31.54%N/AN/A
MAIN
Main Street Capital Corporation
28.45%5.12%14.38%41.03%12.62%14.23%
HTGC
Hercules Capital, Inc.
29.01%3.54%15.33%39.16%21.05%14.58%
TRIN
Trinity Capital Inc.
6.21%3.35%4.56%16.21%N/AN/A
CSWC
Capital Southwest Corporation
16.88%2.64%8.97%30.39%14.01%15.18%

Monthly Returns

The table below presents the monthly returns of bd, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20242.07%2.74%4.34%3.95%0.49%2.68%2.25%-4.40%1.95%19.96%
202313.38%3.07%-6.26%0.90%4.09%6.04%8.76%0.81%1.81%-4.68%6.02%5.83%45.68%
20221.00%0.16%3.23%-6.81%-5.78%-6.81%11.41%-4.57%-14.76%10.49%-1.58%-1.97%-17.44%
202111.31%3.83%6.48%1.49%-2.49%1.81%4.82%-0.40%6.45%-1.22%1.84%38.63%

Expense Ratio

bd has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of bd is 27, 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.


The Risk-Adjusted Performance Rank of bd is 2727
Combined Rank
The Sharpe Ratio Rank of bd is 1919Sharpe Ratio Rank
The Sortino Ratio Rank of bd is 1616Sortino Ratio Rank
The Omega Ratio Rank of bd is 2323Omega Ratio Rank
The Calmar Ratio Rank of bd is 5656Calmar Ratio Rank
The Martin Ratio Rank of bd is 2222Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


bd
Sharpe ratio
The chart of Sharpe ratio for bd, currently valued at 1.96, compared to the broader market0.002.004.001.96
Sortino ratio
The chart of Sortino ratio for bd, currently valued at 2.47, compared to the broader market-2.000.002.004.006.002.47
Omega ratio
The chart of Omega ratio for bd, currently valued at 1.36, compared to the broader market0.801.001.201.401.601.801.36
Calmar ratio
The chart of Calmar ratio for bd, currently valued at 2.67, compared to the broader market0.002.004.006.008.0010.0012.002.67
Martin ratio
The chart of Martin ratio for bd, currently valued at 10.03, compared to the broader market0.0010.0020.0030.0040.0050.0010.03
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.69, compared to the broader market0.002.004.002.69
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.58, compared to the broader market-2.000.002.004.006.003.59
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.49, compared to the broader market0.801.001.201.401.601.801.49
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.37, compared to the broader market0.002.004.006.008.0010.0012.002.37
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.43, compared to the broader market0.0010.0020.0030.0040.0050.0016.43

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
MAIN
Main Street Capital Corporation
2.793.641.544.1615.57
HTGC
Hercules Capital, Inc.
1.591.901.321.926.69
TRIN
Trinity Capital Inc.
0.801.221.151.073.70
CSWC
Capital Southwest Corporation
1.511.971.262.135.83

Sharpe Ratio

The current bd Sharpe ratio is 1.96. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 2.18 to 2.98, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of bd with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.50MayJuneJulyAugustSeptemberOctober
1.96
2.69
bd
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

bd granted a 10.16% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
bd10.16%11.04%14.22%8.09%5.86%6.31%6.43%5.87%4.63%4.83%4.26%3.74%
MAIN
Main Street Capital Corporation
7.84%8.55%7.97%5.74%6.99%6.76%8.43%7.02%7.42%9.15%8.72%8.18%
HTGC
Hercules Capital, Inc.
8.33%11.40%14.90%9.34%9.57%9.49%11.40%9.45%8.79%10.17%8.33%6.77%
TRIN
Trinity Capital Inc.
14.65%14.00%21.28%7.17%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CSWC
Capital Southwest Corporation
9.81%10.19%12.75%10.13%6.87%8.99%5.88%7.01%2.31%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.


-10.00%-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-0.79%
-0.30%
bd
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the bd. 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 bd was 28.10%, occurring on Sep 29, 2022. Recovery took 195 trading sessions.

The current bd drawdown is 0.79%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-28.1%Apr 21, 2022112Sep 29, 2022195Jul 12, 2023307
-10.77%Jul 31, 20244Aug 5, 2024
-7.55%Sep 29, 202321Oct 27, 202316Nov 20, 202337
-7.51%Nov 17, 202123Dec 20, 202116Jan 12, 202239
-6.88%Apr 30, 20219May 12, 202111May 27, 202120

Volatility

Volatility Chart

The current bd volatility is 2.47%, 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.


2.00%4.00%6.00%8.00%MayJuneJulyAugustSeptemberOctober
2.47%
3.03%
bd
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

TRINCSWCHTGCMAIN
TRIN1.000.380.400.38
CSWC0.381.000.560.62
HTGC0.400.561.000.69
MAIN0.380.620.691.00
The correlation results are calculated based on daily price changes starting from Feb 1, 2021