Asset Allocation
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in HL CAPITAL - US TECHNOLOGY L/S, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio HL CAPITAL - US TECHNOLOGY L/S | — | — | — | — | — | — | — | — |
| Portfolio components: | ||||||||
Monthly Returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.25% | 0.78% | -3.20% | 1.43% | 2.34% | 2.09% | 0.59% | 0.59% | 3.59% | 10.81% | |||
| 2024 | -1.58% | 1.88% | 1.55% | 1.65% | 2.51% | 0.49% | 1.41% | 0.59% | 3.66% | 1.18% | 2.88% | -1.25% | 15.88% |
| 2023 | 2.95% | 2.57% | 2.14% | -1.64% | 4.15% | 2.14% | 2.56% | 0.28% | 0.22% | -0.16% | 5.06% | 1.72% | 24.12% |
| 2022 | -2.53% | -1.34% | 2.62% | 2.95% | 1.10% | 0.86% | 2.82% | 0.52% | 1.31% | -3.52% | 6.53% | 0.73% | 12.31% |
| 2021 | 0.08% | -0.18% | -0.23% | 1.82% | -0.39% | 1.95% | 0.95% | 1.42% | 0.66% | 2.10% | 0.64% | 0.37% | 9.55% |
Benchmark Metrics
HL CAPITAL - US TECHNOLOGY L/S has an annualized alpha of 14.56%, beta of 0.11, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This portfolio captured 37.71% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.20%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.11 may look defensive, but with R2 of 0.09 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R2 of 0.09 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 14.56%
- Beta
- 0.11
- R²
- 0.09
- Upside Capture
- 37.71%
- Downside Capture
- -7.20%
Return for Risk
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Dividends
Dividend yield
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the HL CAPITAL - US TECHNOLOGY L/S. 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 HL CAPITAL - US TECHNOLOGY L/S was 6.89%, occurring on Apr 8, 2025. Recovery took 27 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -6.89%Apr 2025 | 1mo 19d | 1mo 8d | 2mo 27dFeb 2025 - May 2025 |
COVID crash2020 | -6.13%Mar 2020 | 19d | 1mo 7d | 1mo 26dFeb 2020 - Apr 2020 |
Bear market2022 | -4.71%Feb 2022 | 2mo 25d | 2mo 6d | 5mo 1dNov 2021 - Apr 2022 |
Bear market2022 | -3.71%Oct 2022 | 2mo 13d | 13d | 2mo 26dAug 2022 - Nov 2022 |
2020 pullback2020 | -3.67%Sep 2020 | 20d | 1mo 12d | 2mo 2dSep 2020 - Nov 2020 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 0 assets, with an effective number of assets of 0.00, reflecting the diversification based on asset allocation. null
Diversification Ratio
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Not enough data to calculate this metric.
HL CAPITAL - US TECHNOLOGY L/S correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2020 | 0.40 |
Find what HL CAPITAL - US TECHNOLOGY L/S is missing
See which holdings overlap, where HL CAPITAL - US TECHNOLOGY L/S is concentrated, and which low-correlation assets could fill the gaps.
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