Ocean Health
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
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% |
Performance
Performance Chart
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
The earliest data available for this chart is Feb 7, 2020, corresponding to the inception date of ONEW
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 5.90% | -1.28% | 15.51% | 21.68% | 11.74% | 10.50% |
| Ocean Health | 2.11% | -0.47% | 13.74% | 33.64% | N/A | N/A |
| Portfolio components: | ||||||
CLH Clean Harbors, Inc. | 11.26% | 3.36% | 17.91% | 35.48% | 21.97% | 13.41% |
OII Oceaneering International, Inc. | 7.94% | 5.42% | -11.72% | 26.28% | 5.91% | -10.26% |
WM Waste Management, Inc. | 14.86% | -2.64% | 29.05% | 25.99% | 16.17% | 19.75% |
RSG Republic Services, Inc. | 14.01% | 0.91% | 27.37% | 36.98% | 20.83% | 20.87% |
GOGL Golden Ocean Group Limited | 36.87% | 2.03% | 66.48% | 45.93% | 31.46% | -7.99% |
HZO MarineMax, Inc. | -30.54% | -11.18% | -12.13% | -4.05% | 6.75% | 5.50% |
OMEX Odyssey Marine Exploration, Inc. | -19.35% | -11.35% | -2.85% | 25.42% | -10.20% | -17.69% |
ONEW OneWater Marine Inc. | -27.49% | -1.29% | -1.05% | -13.37% | N/A | N/A |
MPX Marine Products Corporation | -3.56% | 3.43% | -20.26% | -15.27% | -1.33% | 6.92% |
MATX Matson, Inc. | -0.88% | 2.89% | 19.88% | 74.75% | 24.76% | 18.28% |
TDW Tidewater Inc. | 27.86% | 5.94% | 34.01% | 96.50% | 31.66% | -23.96% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -5.21% | 7.25% | 5.77% | |||||||||
| 2023 | 2.54% | -7.54% | 6.07% | 13.84% |
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.
Risk-Adjusted Performance
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 | |
|---|---|---|---|---|---|
CLH Clean Harbors, Inc. | 1.44 | 2.00 | 1.26 | 2.06 | 6.51 |
OII Oceaneering International, Inc. | 0.64 | 1.14 | 1.14 | 0.87 | 1.67 |
WM Waste Management, Inc. | 1.72 | 2.95 | 1.36 | 2.10 | 5.50 |
RSG Republic Services, Inc. | 2.88 | 4.47 | 1.55 | 4.47 | 12.47 |
GOGL Golden Ocean Group Limited | 1.32 | 2.16 | 1.24 | 0.92 | 3.25 |
HZO MarineMax, Inc. | -0.05 | 0.25 | 1.03 | -0.04 | -0.13 |
OMEX Odyssey Marine Exploration, Inc. | 0.43 | 1.12 | 1.13 | 0.37 | 1.96 |
ONEW OneWater Marine Inc. | -0.26 | -0.02 | 1.00 | -0.20 | -0.50 |
MPX Marine Products Corporation | -0.31 | -0.14 | 0.98 | -0.28 | -0.52 |
MATX Matson, Inc. | 2.24 | 3.10 | 1.38 | 1.52 | 11.19 |
TDW Tidewater Inc. | 2.17 | 2.72 | 1.35 | 4.28 | 11.57 |
Dividends
Dividend yield
Ocean Health granted a 1.22% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ocean Health | 1.22% | 1.27% | 3.31% | 2.51% | 0.80% | 1.31% | 1.54% | 1.02% | 1.06% | 2.55% | 2.69% | 1.94% |
| Portfolio components: | ||||||||||||
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. | 1.39% | 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. | 1.12% | 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 | 4.59% | 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 | 5.16% | 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. | 1.17% | 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% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
The current Ocean Health drawdown is 5.25%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.28% | Feb 21, 2020 | 22 | Mar 23, 2020 | 89 | Jul 29, 2020 | 111 |
| -25.7% | Mar 30, 2022 | 124 | Sep 26, 2022 | 83 | Jan 25, 2023 | 207 |
| -11.81% | Mar 16, 2021 | 7 | Mar 24, 2021 | 27 | May 3, 2021 | 34 |
| -11.8% | Aug 18, 2020 | 27 | Sep 24, 2020 | 30 | Nov 5, 2020 | 57 |
| -11.22% | Jul 27, 2023 | 75 | Nov 9, 2023 | 27 | Dec 19, 2023 | 102 |
Volatility
Volatility Chart
The current Ocean Health volatility is 5.26%, 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
| OMEX | GOGL | ONEW | TDW | RSG | WM | MPX | HZO | OII | MATX | CLH | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OMEX | 1.00 | 0.04 | 0.08 | 0.02 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.14 |
| GOGL | 0.04 | 1.00 | 0.21 | 0.34 | 0.17 | 0.18 | 0.20 | 0.23 | 0.34 | 0.42 | 0.33 |
| ONEW | 0.08 | 0.21 | 1.00 | 0.17 | 0.15 | 0.16 | 0.38 | 0.59 | 0.24 | 0.34 | 0.39 |
| TDW | 0.02 | 0.34 | 0.17 | 1.00 | 0.16 | 0.15 | 0.28 | 0.21 | 0.66 | 0.36 | 0.41 |
| RSG | 0.08 | 0.17 | 0.15 | 0.16 | 1.00 | 0.88 | 0.24 | 0.18 | 0.17 | 0.27 | 0.47 |
| WM | 0.08 | 0.18 | 0.16 | 0.15 | 0.88 | 1.00 | 0.25 | 0.19 | 0.19 | 0.27 | 0.47 |
| MPX | 0.09 | 0.20 | 0.38 | 0.28 | 0.24 | 0.25 | 1.00 | 0.42 | 0.32 | 0.37 | 0.40 |
| HZO | 0.09 | 0.23 | 0.59 | 0.21 | 0.18 | 0.19 | 0.42 | 1.00 | 0.28 | 0.43 | 0.40 |
| OII | 0.09 | 0.34 | 0.24 | 0.66 | 0.17 | 0.19 | 0.32 | 0.28 | 1.00 | 0.41 | 0.43 |
| MATX | 0.09 | 0.42 | 0.34 | 0.36 | 0.27 | 0.27 | 0.37 | 0.43 | 0.41 | 1.00 | 0.50 |
| CLH | 0.14 | 0.33 | 0.39 | 0.41 | 0.47 | 0.47 | 0.40 | 0.40 | 0.43 | 0.50 | 1.00 |