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Ocean Health

Last updated Feb 24, 2024

Asset Allocation


CLH 9.09%OII 9.09%WM 9.09%RSG 9.09%GOGL 9.09%HZO 9.09%OMEX 9.09%ONEW 9.09%MPX 9.09%MATX 9.09%TDW 9.09%EquityEquity
PositionCategory/SectorWeight
CLH
Clean Harbors, Inc.
Industrials

9.09%

OII
Oceaneering International, Inc.
Energy

9.09%

WM
Waste Management, Inc.
Industrials

9.09%

RSG
Republic Services, Inc.
Industrials

9.09%

GOGL
Golden Ocean Group Limited
Industrials

9.09%

HZO
MarineMax, Inc.
Consumer Cyclical

9.09%

OMEX
Odyssey Marine Exploration, Inc.
Industrials

9.09%

ONEW
OneWater Marine Inc.
Consumer Cyclical

9.09%

MPX
Marine Products Corporation
Consumer Cyclical

9.09%

MATX
Matson, Inc.
Industrials

9.09%

TDW
Tidewater Inc.
Energy

9.09%

S&P 500

Performance

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


-5.00%0.00%5.00%10.00%15.00%SeptemberOctoberNovemberDecember2024February
16.62%
15.51%
Ocean Health
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Feb 7, 2020, corresponding to the inception date of ONEW

Returns


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
6.69%4.52%15.50%26.83%12.76%10.70%
Ocean Health1.40%4.92%16.62%30.49%N/AN/A
CLH
Clean Harbors, Inc.
5.62%9.58%8.44%39.46%25.24%13.10%
OII
Oceaneering International, Inc.
3.24%3.39%2.33%11.02%6.82%-10.20%
WM
Waste Management, Inc.
16.16%12.40%32.54%39.95%17.89%20.36%
RSG
Republic Services, Inc.
12.17%8.63%27.54%44.72%20.93%21.04%
GOGL
Golden Ocean Group Limited
21.93%13.23%75.66%21.79%30.13%-6.81%
HZO
MarineMax, Inc.
-19.33%10.61%-5.88%-8.78%10.60%8.27%
OMEX
Odyssey Marine Exploration, Inc.
1.08%1.73%13.80%38.64%-7.93%-15.36%
ONEW
OneWater Marine Inc.
-25.13%-7.16%-2.20%-11.66%N/AN/A
MPX
Marine Products Corporation
-8.36%0.94%-32.87%-17.52%-3.63%5.35%
MATX
Matson, Inc.
6.48%0.36%34.60%74.38%29.63%19.19%
TDW
Tidewater Inc.
1.12%-1.04%19.29%66.45%25.60%-25.52%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-5.17%
20236.63%-5.98%2.54%-7.54%6.07%13.84%

Sharpe Ratio

The current Ocean Health Sharpe ratio is 1.65. A Sharpe ratio greater than 1.0 is considered acceptable.

0.002.004.001.65

The Sharpe ratio of Ocean Health lies between the 25th and 75th percentiles. It indicates that the portfolio's risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.


Rolling 12-month Sharpe Ratio0.501.001.502.002.50SeptemberOctoberNovemberDecember2024February
1.65
2.23
Ocean Health
Benchmark (^GSPC)
Portfolio components

Dividend yield

Ocean Health granted a 1.20% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
Ocean Health1.20%1.27%3.31%2.51%0.80%1.31%1.54%1.02%1.06%2.55%2.69%1.94%
CLH
Clean Harbors, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OII
Oceaneering International, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%2.13%3.40%2.88%1.75%1.06%
WM
Waste Management, Inc.
1.35%1.56%1.66%1.38%1.85%1.80%2.09%1.97%2.31%2.89%2.92%3.25%
RSG
Republic Services, Inc.
1.11%1.25%1.48%1.27%1.72%1.74%2.00%1.97%2.17%2.64%2.68%2.98%
GOGL
Golden Ocean Group Limited
4.20%5.12%27.04%17.20%1.08%5.60%7.32%0.00%0.00%0.00%15.34%8.47%
HZO
MarineMax, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
OMEX
Odyssey Marine Exploration, Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ONEW
OneWater Marine Inc.
0.00%0.00%0.00%2.95%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MPX
Marine Products Corporation
5.43%4.91%4.25%3.68%2.47%3.17%2.92%2.55%1.70%3.24%1.87%1.45%
MATX
Matson, Inc.
1.09%1.15%1.95%1.18%1.58%2.11%2.56%2.61%2.09%1.64%1.91%2.37%
TDW
Tidewater Inc.
0.00%0.00%0.00%0.00%0.12%0.00%0.00%0.04%0.00%14.75%3.17%1.73%

Expense Ratio

The Ocean Health 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

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
^GSPC
S&P 500
2.23
Ocean Health
1.65
CLH
Clean Harbors, Inc.
1.41
OII
Oceaneering International, Inc.
0.42
WM
Waste Management, Inc.
2.43
RSG
Republic Services, Inc.
3.18
GOGL
Golden Ocean Group Limited
0.74
HZO
MarineMax, Inc.
-0.20
OMEX
Odyssey Marine Exploration, Inc.
0.88
ONEW
OneWater Marine Inc.
-0.26
MPX
Marine Products Corporation
-0.40
MATX
Matson, Inc.
2.43
TDW
Tidewater Inc.
1.56

Asset Correlations Table

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

OMEXGOGLONEWTDWRSGWMMPXHZOOIIMATXCLH
OMEX1.000.040.080.020.080.080.090.100.080.080.14
GOGL0.041.000.210.340.170.180.210.230.350.420.34
ONEW0.080.211.000.180.150.160.370.580.240.330.39
TDW0.020.340.181.000.150.150.290.210.660.370.41
RSG0.080.170.150.151.000.880.240.190.170.270.48
WM0.080.180.160.150.881.000.260.190.200.270.48
MPX0.090.210.370.290.240.261.000.420.330.360.41
HZO0.100.230.580.210.190.190.421.000.290.430.41
OII0.080.350.240.660.170.200.330.291.000.420.44
MATX0.080.420.330.370.270.270.360.430.421.000.51
CLH0.140.340.390.410.480.480.410.410.440.511.00

Drawdowns Chart

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


-15.00%-10.00%-5.00%0.00%SeptemberOctoberNovemberDecember2024February00
Ocean Health
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Ocean Health. 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 Ocean Health was 49.28%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-49.28%Feb 21, 202022Mar 23, 202089Jul 29, 2020111
-25.7%Mar 30, 2022124Sep 26, 202283Jan 25, 2023207
-11.81%Mar 16, 20217Mar 24, 202127May 3, 202134
-11.8%Aug 18, 202027Sep 24, 202030Nov 5, 202057
-11.22%Jul 27, 202375Nov 9, 202327Dec 19, 2023102

Volatility Chart

The current Ocean Health volatility is 5.86%, 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%3.00%4.00%5.00%6.00%7.00%SeptemberOctoberNovemberDecember2024February
5.86%
3.90%
Ocean Health
Benchmark (^GSPC)
Portfolio components
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