software
Asset Allocation
Position | Category/Sector | Weight |
---|---|---|
Tencent Holdings Ltd | Communication Services | 8.33% |
Adobe Inc | Technology | 8.33% |
Affirm Holdings, Inc. | Technology | 8.33% |
salesforce.com, inc. | Technology | 8.33% |
CrowdStrike Holdings, Inc. | Technology | 8.33% |
Fortinet, Inc. | Technology | 8.33% |
Microsoft Corporation | Technology | 8.33% |
Palo Alto Networks, Inc. | Technology | 8.33% |
SAP SE | Technology | 8.33% |
Synopsys, Inc. | Technology | 8.33% |
Atlassian Corporation Plc | Technology | 8.33% |
Uber Technologies, Inc. | Technology | 8.33% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in software, 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 Jan 7, 2021, corresponding to the inception date of AFRM
Returns By Period
Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
---|---|---|---|---|---|---|
S&P 500 | 18.10% | 1.42% | 10.08% | 26.58% | 13.42% | 10.87% |
software | 10.64% | 4.50% | 5.86% | 38.40% | N/A | N/A |
Portfolio components: | ||||||
SAP SE | 44.94% | 2.36% | 19.96% | 65.67% | 15.26% | 12.93% |
Fortinet, Inc. | 30.43% | 2.17% | 13.01% | 25.11% | 37.21% | 30.71% |
Microsoft Corporation | 15.13% | 2.90% | 3.55% | 31.37% | 26.89% | 26.89% |
Adobe Inc | -12.59% | -5.77% | 1.49% | -1.40% | 12.90% | 22.67% |
CrowdStrike Holdings, Inc. | 4.89% | 2.01% | -16.59% | 61.87% | 30.48% | N/A |
Uber Technologies, Inc. | 17.72% | 0.61% | -4.25% | 52.53% | 16.89% | N/A |
Affirm Holdings, Inc. | -10.34% | 54.87% | 28.79% | 80.80% | N/A | N/A |
Tencent Holdings Ltd | 28.86% | 0.51% | 30.75% | 19.55% | 2.71% | 12.74% |
Atlassian Corporation Plc | -31.16% | 6.18% | -16.89% | -19.35% | 5.19% | N/A |
salesforce.com, inc. | -2.13% | -2.33% | -14.42% | 20.00% | 11.03% | 16.18% |
Synopsys, Inc. | -4.82% | -10.73% | -12.59% | 8.44% | 29.54% | 28.27% |
Palo Alto Networks, Inc. | 17.64% | 3.83% | 21.62% | 44.42% | 38.02% | 26.67% |
Monthly Returns
The table below presents the monthly returns of software, 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 | 4.79% | 2.78% | -1.31% | -6.68% | -1.02% | 10.86% | -6.25% | 10.29% | 10.64% | ||||
2023 | 18.33% | 0.39% | 7.54% | -4.98% | 16.07% | 4.31% | 7.30% | -1.06% | -3.14% | -1.36% | 22.41% | 7.69% | 96.50% |
2022 | -11.79% | -3.77% | 1.36% | -14.47% | -5.95% | -6.03% | 11.03% | -1.90% | -12.27% | 3.53% | -0.75% | -8.27% | -41.42% |
2021 | 9.20% | -0.24% | -5.62% | 7.15% | 0.11% | 6.39% | 1.48% | 12.97% | -0.98% | 12.73% | -7.55% | -1.36% | 36.93% |
Expense Ratio
software 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 Rank
The current rank of software is 51, 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 | |
---|---|---|---|---|---|
SAP SE | 2.87 | 3.80 | 1.48 | 5.68 | 21.95 |
Fortinet, Inc. | 0.81 | 1.51 | 1.21 | 0.82 | 2.72 |
Microsoft Corporation | 1.87 | 2.43 | 1.32 | 2.36 | 7.26 |
Adobe Inc | 0.06 | 0.31 | 1.05 | 0.05 | 0.13 |
CrowdStrike Holdings, Inc. | 1.50 | 1.97 | 1.30 | 1.49 | 4.51 |
Uber Technologies, Inc. | 1.66 | 2.50 | 1.31 | 1.72 | 5.61 |
Affirm Holdings, Inc. | 1.41 | 2.26 | 1.27 | 1.31 | 3.96 |
Tencent Holdings Ltd | 0.80 | 1.28 | 1.16 | 0.38 | 2.84 |
Atlassian Corporation Plc | -0.38 | -0.25 | 0.96 | -0.24 | -0.66 |
salesforce.com, inc. | 0.73 | 1.08 | 1.19 | 0.68 | 1.93 |
Synopsys, Inc. | 0.29 | 0.62 | 1.08 | 0.37 | 1.07 |
Palo Alto Networks, Inc. | 1.21 | 1.53 | 1.28 | 1.74 | 3.67 |
Dividends
Dividend yield
software granted a 0.25% dividend yield in the last twelve months.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
software | 0.25% | 0.32% | 0.38% | 0.21% | 0.20% | 0.23% | 0.31% | 0.27% | 0.34% | 0.34% | 0.50% | 0.34% |
Portfolio components: | ||||||||||||
SAP SE | 1.08% | 1.41% | 2.58% | 1.56% | 1.31% | 1.27% | 1.73% | 1.18% | 1.52% | 1.50% | 3.38% | 1.27% |
Fortinet, 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% |
Microsoft Corporation | 0.70% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% | 2.48% | 2.59% |
Adobe 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% |
CrowdStrike Holdings, 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% |
Uber Technologies, 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% |
Affirm Holdings, 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% |
Tencent Holdings Ltd | 0.90% | 1.63% | 0.93% | 0.32% | 0.20% | 0.25% | 0.27% | 0.14% | 0.23% | 0.22% | 0.20% | 0.19% |
Atlassian Corporation Plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
salesforce.com, inc. | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Synopsys, 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% |
Palo Alto Networks, 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% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the software. 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 software was 48.81%, occurring on Nov 9, 2022. Recovery took 281 trading sessions.
The current software drawdown is 1.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-48.81% | Nov 9, 2021 | 261 | Nov 9, 2022 | 281 | Dec 12, 2023 | 542 |
-20.57% | Feb 12, 2021 | 63 | May 13, 2021 | 73 | Aug 24, 2021 | 136 |
-15.75% | Jul 8, 2024 | 21 | Aug 5, 2024 | 18 | Aug 29, 2024 | 39 |
-11.62% | Feb 12, 2024 | 78 | May 30, 2024 | 26 | Jul 5, 2024 | 104 |
-7.08% | Sep 27, 2021 | 6 | Oct 4, 2021 | 7 | Oct 13, 2021 | 13 |
Volatility
Volatility Chart
The current software volatility is 6.25%, 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
0700.HK | UBER | AFRM | SAP | PANW | TEAM | FTNT | CRWD | MSFT | CRM | ADBE | SNPS | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0700.HK | 1.00 | 0.16 | 0.15 | 0.11 | 0.10 | 0.11 | 0.11 | 0.13 | 0.14 | 0.11 | 0.12 | 0.13 |
UBER | 0.16 | 1.00 | 0.50 | 0.41 | 0.40 | 0.48 | 0.42 | 0.48 | 0.41 | 0.49 | 0.46 | 0.43 |
AFRM | 0.15 | 0.50 | 1.00 | 0.38 | 0.42 | 0.54 | 0.43 | 0.54 | 0.39 | 0.47 | 0.46 | 0.48 |
SAP | 0.11 | 0.41 | 0.38 | 1.00 | 0.40 | 0.40 | 0.46 | 0.42 | 0.57 | 0.56 | 0.55 | 0.54 |
PANW | 0.10 | 0.40 | 0.42 | 0.40 | 1.00 | 0.52 | 0.62 | 0.65 | 0.52 | 0.53 | 0.52 | 0.56 |
TEAM | 0.11 | 0.48 | 0.54 | 0.40 | 0.52 | 1.00 | 0.58 | 0.61 | 0.53 | 0.60 | 0.59 | 0.56 |
FTNT | 0.11 | 0.42 | 0.43 | 0.46 | 0.62 | 0.58 | 1.00 | 0.60 | 0.58 | 0.54 | 0.58 | 0.61 |
CRWD | 0.13 | 0.48 | 0.54 | 0.42 | 0.65 | 0.61 | 0.60 | 1.00 | 0.53 | 0.57 | 0.55 | 0.62 |
MSFT | 0.14 | 0.41 | 0.39 | 0.57 | 0.52 | 0.53 | 0.58 | 0.53 | 1.00 | 0.62 | 0.72 | 0.70 |
CRM | 0.11 | 0.49 | 0.47 | 0.56 | 0.53 | 0.60 | 0.54 | 0.57 | 0.62 | 1.00 | 0.68 | 0.62 |
ADBE | 0.12 | 0.46 | 0.46 | 0.55 | 0.52 | 0.59 | 0.58 | 0.55 | 0.72 | 0.68 | 1.00 | 0.71 |
SNPS | 0.13 | 0.43 | 0.48 | 0.54 | 0.56 | 0.56 | 0.61 | 0.62 | 0.70 | 0.62 | 0.71 | 1.00 |