December 23 L/S
Asset Allocation
Position | Category/Sector | Weight |
---|---|---|
COIN Coinbase Global, Inc. | Technology | 1.50% |
CRM salesforce.com, inc. | Technology | 1.50% |
CRWD CrowdStrike Holdings, Inc. | Technology | 1.50% |
DDOG Datadog, Inc. | Technology | 1.50% |
DT Dynatrace, Inc. | Technology | 1.50% |
DXCM DexCom, Inc. | Healthcare | 1.50% |
INTC Intel Corporation | Technology | 1.50% |
LYFT Lyft, Inc. | Technology | 1.50% |
MANH Manhattan Associates, Inc. | Technology | 1.50% |
MELI MercadoLibre, Inc. | Consumer Cyclical | 1.50% |
PANW Palo Alto Networks, Inc. | Technology | 1.50% |
PDD Pinduoduo Inc. | Consumer Cyclical | 1.50% |
PLTR Palantir Technologies Inc. | Technology | 1.50% |
PSQ ProShares Short QQQ | Inverse Equities | 47% |
ROKU Roku, Inc. | Communication Services | 1.50% |
SHOP Shopify Inc. | Technology | 1.50% |
SNAP Snap Inc. | Communication Services | 1.50% |
SQ Square, Inc. | Technology | 1.50% |
TWLO Twilio Inc. | Communication Services | 1.50% |
USD=X USD Cash | 23% | |
WDAY | 1.50% | |
ZS | 1.50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in December 23 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. The portfolio is rebalanced Quarterly
The earliest data available for this chart is Apr 14, 2021, corresponding to the inception date of COIN
Returns By Period
Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
---|---|---|---|---|---|---|
^GSPC S&P 500 | 17.76% | 2.89% | 10.80% | 27.49% | 14.28% | 10.89% |
December 23 L/S | -6.49% | -0.63% | -4.31% | 2.27% | N/A | N/A |
Portfolio components: | ||||||
COIN Coinbase Global, Inc. | 17.30% | -16.03% | 2.40% | 176.76% | N/A | N/A |
CRM salesforce.com, inc. | 1.10% | 0.98% | -11.17% | 25.66% | 11.91% | 16.29% |
CRWD CrowdStrike Holdings, Inc. | 4.13% | 3.79% | -17.23% | 84.59% | 25.13% | N/A |
DDOG Datadog, Inc. | -3.82% | -1.33% | -10.85% | 26.15% | N/A | N/A |
DT Dynatrace, Inc. | -8.10% | 13.45% | 2.63% | 7.42% | 16.97% | N/A |
DXCM DexCom, Inc. | -40.63% | 15.11% | -36.12% | -25.80% | 11.00% | 20.96% |
INTC Intel Corporation | -59.40% | -35.38% | -52.40% | -39.12% | -12.94% | -2.76% |
LYFT Lyft, Inc. | -21.41% | -3.68% | -29.29% | 14.59% | -24.82% | N/A |
MANH Manhattan Associates, Inc. | 21.40% | 1.13% | 4.36% | 34.87% | 25.74% | 24.72% |
MELI MercadoLibre, Inc. | 27.56% | 21.37% | 24.71% | 60.45% | 27.89% | 33.37% |
PANW Palo Alto Networks, Inc. | 17.72% | 6.21% | 10.28% | 49.35% | 39.49% | 28.57% |
PDD Pinduoduo Inc. | -31.65% | -23.55% | -22.08% | 23.82% | 26.55% | N/A |
PLTR Palantir Technologies Inc. | 79.67% | 13.50% | 25.76% | 110.72% | N/A | N/A |
ROKU Roku, Inc. | -24.07% | 17.89% | 9.04% | -9.29% | -13.80% | N/A |
SHOP Shopify Inc. | -3.79% | 25.04% | -2.19% | 33.10% | 13.73% | N/A |
SNAP Snap Inc. | -44.36% | -29.33% | -13.58% | -0.32% | -9.57% | N/A |
SQ Square, Inc. | -15.24% | 8.94% | -15.64% | 17.34% | 1.08% | N/A |
TWLO Twilio Inc. | -20.03% | 3.09% | 5.04% | 3.59% | -14.30% | N/A |
WDAY | -5.68% | 13.88% | -11.75% | 10.19% | N/A | N/A |
ZS | -10.71% | 9.08% | -18.42% | 39.96% | N/A | N/A |
PSQ ProShares Short QQQ | -10.74% | -2.47% | -5.56% | -18.61% | -20.53% | -17.49% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Monthly Returns
The table below presents the monthly returns of December 23 L/S, 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 | -1.11% | -1.23% | -0.14% | 0.24% | -2.82% | -1.04% | -1.06% | -6.49% | |||||
2023 | 2.02% | 0.13% | -2.18% | -2.46% | 1.70% | -0.58% | 2.49% | -1.60% | 0.59% | 0.28% | 5.94% | 1.37% | 7.66% |
2022 | -0.75% | 1.01% | -2.51% | 1.29% | -3.58% | 2.94% | -3.80% | 2.20% | 2.48% | -0.39% | -3.26% | 1.40% | -3.27% |
2021 | -1.07% | -0.23% | 0.14% | -1.39% | 0.22% | 1.11% | -1.88% | -3.78% | -2.34% | -8.92% |
Expense Ratio
December 23 L/S features an expense ratio of 0.45%, falling within the medium range. 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 December 23 L/S is 2, indicating that it is in the bottom 2% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined 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 | |
---|---|---|---|---|---|
COIN Coinbase Global, Inc. | 2.06 | 2.66 | 1.30 | 1.86 | 8.73 |
CRM salesforce.com, inc. | 0.58 | 0.92 | 1.16 | 0.53 | 1.58 |
CRWD CrowdStrike Holdings, Inc. | 1.34 | 1.83 | 1.28 | 1.31 | 4.73 |
DDOG Datadog, Inc. | 0.45 | 1.06 | 1.14 | 0.35 | 1.99 |
DT Dynatrace, Inc. | 0.13 | 0.42 | 1.05 | 0.08 | 0.22 |
DXCM DexCom, Inc. | -0.52 | -0.32 | 0.94 | -0.49 | -1.61 |
INTC Intel Corporation | -0.98 | -1.26 | 0.81 | -0.68 | -1.70 |
LYFT Lyft, Inc. | 0.13 | 0.80 | 1.09 | 0.11 | 0.42 |
MANH Manhattan Associates, Inc. | 1.00 | 1.54 | 1.21 | 1.35 | 3.30 |
MELI MercadoLibre, Inc. | 1.22 | 1.89 | 1.23 | 0.99 | 3.73 |
PANW Palo Alto Networks, Inc. | 0.94 | 1.29 | 1.23 | 1.36 | 2.84 |
PDD Pinduoduo Inc. | 0.07 | 0.45 | 1.07 | 0.10 | 0.29 |
PLTR Palantir Technologies Inc. | 1.66 | 2.63 | 1.33 | 2.00 | 8.11 |
ROKU Roku, Inc. | -0.28 | -0.02 | 1.00 | -0.19 | -0.49 |
SHOP Shopify Inc. | 0.29 | 0.81 | 1.11 | 0.22 | 0.77 |
SNAP Snap Inc. | -0.05 | 0.42 | 1.08 | -0.03 | -0.14 |
SQ Square, Inc. | 0.35 | 0.85 | 1.10 | 0.20 | 0.98 |
TWLO Twilio Inc. | -0.24 | -0.09 | 0.99 | -0.11 | -0.48 |
WDAY | 0.12 | 0.40 | 1.06 | 0.12 | 0.23 |
ZS | 0.60 | 1.01 | 1.14 | 0.38 | 1.14 |
PSQ ProShares Short QQQ | -1.02 | -1.45 | 0.84 | -0.39 | -0.98 |
USD=X USD Cash | — | — | — | — | — |
Dividends
Dividend yield
December 23 L/S granted a 3.44% dividend yield in the last twelve months.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
December 23 L/S | 3.44% | 2.85% | 0.25% | 0.04% | 0.18% | 0.85% | 0.48% | 0.05% | 0.05% | 0.05% | 0.05% | 0.06% |
Portfolio components: | ||||||||||||
COIN Coinbase Global, 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% |
CRM salesforce.com, inc. | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CRWD 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% |
DDOG Datadog, 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% |
DT Dynatrace, 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% |
DXCM DexCom, 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% |
INTC Intel Corporation | 2.48% | 1.47% | 5.52% | 2.70% | 2.65% | 2.11% | 2.56% | 2.33% | 2.87% | 2.79% | 2.48% | 3.47% |
LYFT Lyft, 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% |
MANH Manhattan Associates, 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% |
MELI MercadoLibre, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.38% | 0.36% | 0.52% | 0.53% |
PANW 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% |
PDD Pinduoduo 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% |
PLTR Palantir 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% |
ROKU Roku, 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% |
SHOP Shopify 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% |
SNAP Snap 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% |
SQ Square, 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% |
TWLO Twilio 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% |
WDAY | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZS | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSQ ProShares Short QQQ | 7.22% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
USD=X USD Cash | 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 December 23 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 December 23 L/S was 14.58%, occurring on May 2, 2023. The portfolio has not yet recovered.
The current December 23 L/S drawdown is 11.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-14.58% | Apr 29, 2021 | 524 | May 2, 2023 | — | — | — |
-1.27% | Apr 15, 2021 | 5 | Apr 21, 2021 | 5 | Apr 28, 2021 | 10 |
Volatility
Volatility Chart
The current December 23 L/S volatility is 1.84%, 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
USD=X | PDD | INTC | DXCM | COIN | LYFT | PANW | SNAP | MELI | MANH | ROKU | WDAY | CRM | DT | CRWD | PLTR | DDOG | SQ | SHOP | TWLO | ZS | PSQ | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD=X | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
PDD | 0.00 | 1.00 | 0.29 | 0.24 | 0.29 | 0.32 | 0.30 | 0.34 | 0.41 | 0.28 | 0.37 | 0.35 | 0.33 | 0.33 | 0.32 | 0.36 | 0.31 | 0.41 | 0.43 | 0.36 | 0.34 | -0.39 |
INTC | 0.00 | 0.29 | 1.00 | 0.32 | 0.37 | 0.39 | 0.35 | 0.37 | 0.39 | 0.43 | 0.42 | 0.43 | 0.45 | 0.35 | 0.37 | 0.41 | 0.37 | 0.44 | 0.43 | 0.43 | 0.39 | -0.64 |
DXCM | 0.00 | 0.24 | 0.32 | 1.00 | 0.34 | 0.32 | 0.35 | 0.38 | 0.41 | 0.46 | 0.41 | 0.43 | 0.43 | 0.44 | 0.43 | 0.41 | 0.44 | 0.45 | 0.44 | 0.45 | 0.44 | -0.50 |
COIN | 0.00 | 0.29 | 0.37 | 0.34 | 1.00 | 0.47 | 0.37 | 0.47 | 0.46 | 0.44 | 0.52 | 0.42 | 0.43 | 0.41 | 0.46 | 0.56 | 0.46 | 0.57 | 0.52 | 0.52 | 0.49 | -0.55 |
LYFT | 0.00 | 0.32 | 0.39 | 0.32 | 0.47 | 1.00 | 0.35 | 0.49 | 0.50 | 0.43 | 0.52 | 0.43 | 0.47 | 0.44 | 0.46 | 0.56 | 0.49 | 0.58 | 0.51 | 0.51 | 0.45 | -0.52 |
PANW | 0.00 | 0.30 | 0.35 | 0.35 | 0.37 | 0.35 | 1.00 | 0.42 | 0.48 | 0.55 | 0.42 | 0.54 | 0.54 | 0.53 | 0.65 | 0.51 | 0.58 | 0.47 | 0.52 | 0.51 | 0.67 | -0.60 |
SNAP | 0.00 | 0.34 | 0.37 | 0.38 | 0.47 | 0.49 | 0.42 | 1.00 | 0.54 | 0.48 | 0.60 | 0.46 | 0.49 | 0.51 | 0.47 | 0.55 | 0.51 | 0.62 | 0.58 | 0.57 | 0.51 | -0.59 |
MELI | 0.00 | 0.41 | 0.39 | 0.41 | 0.46 | 0.50 | 0.48 | 0.54 | 1.00 | 0.54 | 0.53 | 0.53 | 0.56 | 0.52 | 0.51 | 0.54 | 0.55 | 0.61 | 0.61 | 0.58 | 0.54 | -0.65 |
MANH | 0.00 | 0.28 | 0.43 | 0.46 | 0.44 | 0.43 | 0.55 | 0.48 | 0.54 | 1.00 | 0.48 | 0.63 | 0.59 | 0.61 | 0.57 | 0.54 | 0.58 | 0.55 | 0.55 | 0.55 | 0.61 | -0.69 |
ROKU | 0.00 | 0.37 | 0.42 | 0.41 | 0.52 | 0.52 | 0.42 | 0.60 | 0.53 | 0.48 | 1.00 | 0.49 | 0.49 | 0.54 | 0.52 | 0.63 | 0.53 | 0.66 | 0.67 | 0.68 | 0.55 | -0.56 |
WDAY | 0.00 | 0.35 | 0.43 | 0.43 | 0.42 | 0.43 | 0.54 | 0.46 | 0.53 | 0.63 | 0.49 | 1.00 | 0.67 | 0.63 | 0.62 | 0.55 | 0.62 | 0.57 | 0.55 | 0.60 | 0.68 | -0.65 |
CRM | 0.00 | 0.33 | 0.45 | 0.43 | 0.43 | 0.47 | 0.54 | 0.49 | 0.56 | 0.59 | 0.49 | 0.67 | 1.00 | 0.61 | 0.58 | 0.55 | 0.60 | 0.57 | 0.61 | 0.61 | 0.61 | -0.70 |
DT | 0.00 | 0.33 | 0.35 | 0.44 | 0.41 | 0.44 | 0.53 | 0.51 | 0.52 | 0.61 | 0.54 | 0.63 | 0.61 | 1.00 | 0.62 | 0.58 | 0.68 | 0.59 | 0.62 | 0.63 | 0.68 | -0.61 |
CRWD | 0.00 | 0.32 | 0.37 | 0.43 | 0.46 | 0.46 | 0.65 | 0.47 | 0.51 | 0.57 | 0.52 | 0.62 | 0.58 | 0.62 | 1.00 | 0.62 | 0.69 | 0.55 | 0.59 | 0.64 | 0.79 | -0.63 |
PLTR | 0.00 | 0.36 | 0.41 | 0.41 | 0.56 | 0.56 | 0.51 | 0.55 | 0.54 | 0.54 | 0.63 | 0.55 | 0.55 | 0.58 | 0.62 | 1.00 | 0.62 | 0.66 | 0.64 | 0.63 | 0.66 | -0.65 |
DDOG | 0.00 | 0.31 | 0.37 | 0.44 | 0.46 | 0.49 | 0.58 | 0.51 | 0.55 | 0.58 | 0.53 | 0.62 | 0.60 | 0.68 | 0.69 | 0.62 | 1.00 | 0.58 | 0.62 | 0.64 | 0.73 | -0.64 |
SQ | 0.00 | 0.41 | 0.44 | 0.45 | 0.57 | 0.58 | 0.47 | 0.62 | 0.61 | 0.55 | 0.66 | 0.57 | 0.57 | 0.59 | 0.55 | 0.66 | 0.58 | 1.00 | 0.66 | 0.71 | 0.61 | -0.66 |
SHOP | 0.00 | 0.43 | 0.43 | 0.44 | 0.52 | 0.51 | 0.52 | 0.58 | 0.61 | 0.55 | 0.67 | 0.55 | 0.61 | 0.62 | 0.59 | 0.64 | 0.62 | 0.66 | 1.00 | 0.68 | 0.64 | -0.67 |
TWLO | 0.00 | 0.36 | 0.43 | 0.45 | 0.52 | 0.51 | 0.51 | 0.57 | 0.58 | 0.55 | 0.68 | 0.60 | 0.61 | 0.63 | 0.64 | 0.63 | 0.64 | 0.71 | 0.68 | 1.00 | 0.68 | -0.60 |
ZS | 0.00 | 0.34 | 0.39 | 0.44 | 0.49 | 0.45 | 0.67 | 0.51 | 0.54 | 0.61 | 0.55 | 0.68 | 0.61 | 0.68 | 0.79 | 0.66 | 0.73 | 0.61 | 0.64 | 0.68 | 1.00 | -0.67 |
PSQ | 0.00 | -0.39 | -0.64 | -0.50 | -0.55 | -0.52 | -0.60 | -0.59 | -0.65 | -0.69 | -0.56 | -0.65 | -0.70 | -0.61 | -0.63 | -0.65 | -0.64 | -0.66 | -0.67 | -0.60 | -0.67 | 1.00 |