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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%

S&P 500

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


40.00%60.00%80.00%100.00%FebruaryMarchAprilMayJuneJuly
96.40%
48.21%
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
15.41%0.33%13.74%21.39%13.11%10.77%
bd17.79%2.63%14.73%29.91%N/AN/A
MAIN
Main Street Capital Corporation
21.73%2.43%15.88%32.19%11.94%13.23%
HTGC
Hercules Capital, Inc.
32.48%6.86%27.66%43.29%23.23%13.54%
TRIN
Trinity Capital Inc.
2.76%-2.99%7.96%8.01%N/AN/A
CSWC
Capital Southwest Corporation
15.36%4.16%8.15%37.69%15.26%14.83%

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%17.79%
202313.38%3.07%-6.26%0.90%4.09%6.04%8.76%0.81%1.81%-4.68%6.02%5.84%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 risk-adjusted rank of bd is 85, placing it in the top 15% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of bd is 8585
bd
The Sharpe Ratio Rank of bd is 8484Sharpe Ratio Rank
The Sortino Ratio Rank of bd is 8181Sortino Ratio Rank
The Omega Ratio Rank of bd is 8282Omega Ratio Rank
The Calmar Ratio Rank of bd is 9191Calmar Ratio Rank
The Martin Ratio Rank of bd is 8989Martin 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 2.21, compared to the broader market-1.000.001.002.003.004.002.21
Sortino ratio
The chart of Sortino ratio for bd, currently valued at 2.93, compared to the broader market-2.000.002.004.006.002.93
Omega ratio
The chart of Omega ratio for bd, currently valued at 1.37, compared to the broader market0.801.001.201.401.601.801.37
Calmar ratio
The chart of Calmar ratio for bd, currently valued at 3.87, compared to the broader market0.002.004.006.008.0010.003.87
Martin ratio
The chart of Martin ratio for bd, currently valued at 14.67, compared to the broader market0.0010.0020.0030.0040.0014.67
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.82, compared to the broader market-1.000.001.002.003.004.001.82
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.59, compared to the broader market-2.000.002.004.006.002.59
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.32, compared to the broader market0.801.001.201.401.601.801.32
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.45, compared to the broader market0.002.004.006.008.0010.001.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.82, compared to the broader market0.0010.0020.0030.0040.006.82

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
MAIN
Main Street Capital Corporation
2.463.411.433.4310.69
HTGC
Hercules Capital, Inc.
2.282.911.403.058.14
TRIN
Trinity Capital Inc.
0.370.621.080.571.63
CSWC
Capital Southwest Corporation
2.062.631.343.899.82

Sharpe Ratio

The current bd Sharpe ratio is 2.21. 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 1.31 to 2.05, this portfolio's current Sharpe ratio is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.

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 Ratio1.502.002.503.003.504.00FebruaryMarchAprilMayJuneJuly
2.21
1.82
bd
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

bd granted a 10.18% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
bd10.18%11.04%14.22%8.09%5.86%6.31%6.43%5.87%4.63%4.84%4.28%3.75%
MAIN
Main Street Capital Corporation
7.98%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.
8.31%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.
14.80%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
9.63%10.20%12.75%10.13%6.87%8.99%5.88%7.01%2.31%0.03%0.06%0.05%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-5.00%-4.00%-3.00%-2.00%-1.00%0.00%FebruaryMarchAprilMayJuneJuly
-2.25%
-2.86%
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 2.25%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-28.1%Apr 21, 2022112Sep 29, 2022195Jul 12, 2023307
-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
-5.96%Feb 3, 202227Mar 14, 20229Mar 25, 202236

Volatility

Volatility Chart

The current bd volatility is 3.77%, 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.


1.00%2.00%3.00%4.00%5.00%FebruaryMarchAprilMayJuneJuly
3.77%
2.76%
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
TRIN1.000.380.400.37
CSWC0.381.000.560.61
HTGC0.400.561.000.70
MAIN0.370.610.701.00
The correlation results are calculated based on daily price changes starting from Feb 1, 2021