Asset Allocation
Asset allocation is not available
Find the right asset allocation for HL MULTI STRAT LONG SHORT 4
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio OptimizerPerformance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in HL MULTI STRAT LONG SHORT 4, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Loading charts...
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 MULTI STRAT LONG SHORT 4 | — | — | — | — | — | — | — | — |
| Portfolio components: | ||||||||
Monthly Returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.95% | 1.47% | 1.29% | 0.99% | 1.77% | 1.42% | 2.99% | 1.10% | 2.29% | 0.62% | 1.00% | 0.55% | 17.72% |
| 2023 | 1.64% | 1.20% | 0.33% | 0.52% | 1.78% | 1.54% | 1.38% | 1.35% | 0.25% | 0.43% | 2.60% | 1.51% | 15.47% |
| 2022 | -1.35% | -0.95% | 1.56% | 2.51% | 1.32% | 0.56% | 1.61% | 0.62% | 1.24% | -2.54% | 2.97% | 0.29% | 7.99% |
| 2021 | -0.27% | -1.19% | -0.04% | 1.67% | 0.44% | 0.74% | 0.78% | 0.83% | 0.92% | 1.53% | 0.79% | 0.13% | 6.49% |
Benchmark Metrics
HL MULTI STRAT LONG SHORT 4 has an annualized alpha of 12.89%, beta of 0.02, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since December 30, 2019.
- This portfolio captured 24.23% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -18.74%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.01 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 0.01 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
- 12.89%
- Beta
- 0.02
- R²
- 0.01
- Upside Capture
- 24.23%
- Downside Capture
- -18.74%
Return for Risk
Loading charts...
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the HL MULTI STRAT LONG SHORT 4. 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 MULTI STRAT LONG SHORT 4 was 2.81%, occurring on Mar 1, 2022. Recovery took 37 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -2.81%Mar 2022 | 3mo 9d | 1mo 22d | 5mo 1dNov 2021 - Apr 2022 |
Bear market2022 | -2.57%Nov 2022 | 29d | 29d | 1mo 28dOct 2022 - Nov 2022 |
2021 pullback2021 | -2.39%Mar 2021 | 2mo 2d | 1mo 26d | 3mo 28dJan 2021 - May 2021 |
2020 pullback2020 | -2.38%Sep 2020 | 20d | 1mo 12d | 2mo 2dSep 2020 - Nov 2020 |
COVID crash2020 | -2.25%Apr 2020 | 12d | 12d | 24dMar 2020 - Apr 2020 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
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
—
Not enough data to calculate this metric.
HL MULTI STRAT LONG SHORT 4 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 30, 2019 | 0.30 |
Find what HL MULTI STRAT LONG SHORT 4 is missing
See which holdings overlap, where HL MULTI STRAT LONG SHORT 4 is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification