lev
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
QLD ProShares Ultra QQQ | Leveraged Equities, Leveraged | 50% |
SSO ProShares Ultra S&P 500 | Leveraged Equities, Leveraged | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in lev, 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 Jun 21, 2006, corresponding to the inception date of QLD
Returns By Period
As of Jul 25, 2024, the lev returned 23.89% Year-To-Date and 24.46% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 13.20% | -1.28% | 10.32% | 18.23% | 12.31% | 10.58% |
| lev | 21.89% | -6.55% | 15.58% | 35.81% | 24.83% | 24.32% |
| Portfolio components: | ||||||
QLD ProShares Ultra QQQ | 19.43% | -9.82% | 12.26% | 37.01% | 28.55% | 28.66% |
SSO ProShares Ultra S&P 500 | 24.07% | -3.30% | 18.69% | 34.15% | 19.74% | 19.19% |
Monthly Returns
The table below presents the monthly returns of lev, 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 | 2.69% | 9.96% | 3.87% | -8.95% | 10.97% | 9.38% | 21.89% | ||||||
| 2023 | 16.72% | -3.61% | 13.06% | 1.45% | 7.70% | 12.43% | 6.66% | -4.00% | -10.03% | -4.97% | 20.03% | 9.74% | 80.18% |
| 2022 | -13.89% | -7.85% | 7.45% | -21.72% | -2.52% | -17.48% | 22.14% | -9.80% | -19.67% | 11.18% | 9.95% | -14.80% | -50.51% |
| 2021 | -1.04% | 2.25% | 5.76% | 11.23% | -0.90% | 8.55% | 5.11% | 7.16% | -10.43% | 15.23% | 1.00% | 5.08% | 58.01% |
| 2020 | 2.59% | -13.56% | -25.29% | 27.90% | 10.82% | 7.80% | 13.30% | 18.61% | -10.10% | -6.04% | 22.55% | 8.59% | 52.89% |
| 2019 | 16.78% | 5.91% | 5.54% | 9.28% | -14.65% | 14.72% | 3.41% | -4.38% | 2.50% | 6.23% | 7.56% | 6.66% | 72.52% |
| 2018 | 14.49% | -5.69% | -7.21% | 0.23% | 7.86% | 1.37% | 6.07% | 8.94% | 0.02% | -15.88% | 1.03% | -17.77% | -11.32% |
| 2017 | 6.85% | 8.31% | 1.97% | 3.59% | 5.13% | -2.18% | 6.07% | 1.97% | 1.52% | 6.83% | 4.76% | 1.62% | 57.01% |
| 2016 | -12.22% | -2.09% | 14.39% | -2.98% | 5.83% | -2.39% | 10.99% | 1.03% | 2.01% | -3.37% | 3.89% | 3.08% | 16.62% |
| 2015 | -5.25% | 13.08% | -4.21% | 2.71% | 3.37% | -4.62% | 6.57% | -13.26% | -5.30% | 20.64% | 0.78% | -3.67% | 6.57% |
| 2014 | -5.65% | 9.67% | -2.12% | 0.08% | 6.67% | 5.17% | -0.39% | 9.04% | -2.30% | 4.55% | 7.37% | -2.88% | 31.55% |
| 2013 | 7.79% | 1.34% | 6.75% | 4.26% | 5.84% | -4.16% | 11.74% | -3.52% | 8.08% | 9.57% | 6.34% | 5.48% | 76.59% |
Expense Ratio
lev has a high expense ratio of 0.93%, indicating higher-than-average management fees. 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 lev is 37, 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 | |
|---|---|---|---|---|---|
QLD ProShares Ultra QQQ | 1.09 | 1.56 | 1.20 | 0.86 | 5.08 |
SSO ProShares Ultra S&P 500 | 1.40 | 1.95 | 1.24 | 0.96 | 5.05 |
Dividends
Dividend yield
lev granted a 0.53% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| lev | 0.53% | 0.26% | 0.41% | 0.09% | 0.10% | 0.31% | 0.41% | 0.20% | 0.70% | 0.37% | 0.26% | 0.19% |
| Portfolio components: | ||||||||||||
QLD ProShares Ultra QQQ | 0.46% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
SSO ProShares Ultra S&P 500 | 0.61% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.50% | 0.63% | 0.33% | 0.26% |
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 lev. 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 lev was 83.42%, occurring on Mar 9, 2009. Recovery took 1045 trading sessions.
The current lev drawdown is 11.60%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.42% | Nov 1, 2007 | 339 | Mar 9, 2009 | 1045 | May 2, 2013 | 1384 |
| -55.18% | Feb 20, 2020 | 23 | Mar 23, 2020 | 92 | Aug 3, 2020 | 115 |
| -54.78% | Dec 28, 2021 | 202 | Oct 14, 2022 | 345 | Mar 1, 2024 | 547 |
| -39.17% | Oct 2, 2018 | 58 | Dec 24, 2018 | 131 | Jul 3, 2019 | 189 |
| -28.19% | Jul 21, 2015 | 143 | Feb 11, 2016 | 110 | Jul 20, 2016 | 253 |
Volatility
Volatility Chart
The current lev volatility is 9.88%, 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
| QLD | SSO | |
|---|---|---|
| QLD | 1.00 | 0.89 |
| SSO | 0.89 | 1.00 |