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December 23 L/S

Last updated Mar 2, 2024

Asset Allocation


USD=X 23%PSQ 47%COIN 1.5%CRM 1.5%CRWD 1.5%DDOG 1.5%DT 1.5%DXCM 1.5%INTC 1.5%LYFT 1.5%MANH 1.5%MELI 1.5%PANW 1.5%PDD 1.5%PLTR 1.5%ROKU 1.5%SHOP 1.5%SNAP 1.5%SQ 1.5%TWLO 1.5%WDAY 1.5%ZS 1.5%CurrencyCurrencyEquityEquity
PositionCategory/SectorWeight
USD=X
USD Cash

23%

PSQ
ProShares Short QQQ
Inverse Equities

47%

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%

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%

WDAY

1.50%

ZS

1.50%

S&P 500

Performance

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


-10.00%0.00%10.00%20.00%OctoberNovemberDecember2024FebruaryMarch
-8.01%
24.55%
December 23 L/S
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Apr 14, 2021, corresponding to the inception date of COIN

Returns


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
7.70%6.01%13.76%29.03%12.89%10.63%
December 23 L/S-3.02%-1.55%4.57%1.66%N/AN/A
COIN
Coinbase Global, Inc.
18.31%59.24%163.84%218.97%N/AN/A
CRM
salesforce.com, inc.
20.42%10.93%43.04%69.97%14.02%17.55%
CRWD
CrowdStrike Holdings, Inc.
23.22%3.63%95.12%149.60%N/AN/A
DDOG
Datadog, Inc.
7.28%-3.05%33.24%69.16%N/AN/A
DT
Dynatrace, Inc.
-10.31%-19.19%1.78%13.12%N/AN/A
DXCM
DexCom, Inc.
-1.89%0.64%19.48%-0.96%27.71%26.43%
INTC
Intel Corporation
-12.54%3.17%20.44%68.31%-1.24%8.92%
LYFT
Lyft, Inc.
9.07%28.24%32.50%61.56%N/AN/A
MANH
Manhattan Associates, Inc.
19.24%2.47%27.61%74.49%36.17%20.79%
MELI
MercadoLibre, Inc.
2.62%-9.03%13.44%31.47%29.02%31.60%
PANW
Palo Alto Networks, Inc.
2.55%-12.36%24.59%57.84%29.91%29.14%
PDD
Pinduoduo Inc.
-13.30%1.81%22.81%32.56%33.46%N/A
PLTR
Palantir Technologies Inc.
45.20%46.47%64.23%199.28%N/AN/A
ROKU
Roku, Inc.
-30.89%-30.41%-22.48%-3.46%-1.72%N/A
SHOP
Shopify Inc.
-1.68%-7.65%14.81%76.47%31.97%N/A
SNAP
Snap Inc.
-33.55%-34.02%7.76%5.63%2.80%N/A
SQ
Square, Inc.
2.46%16.75%36.24%-2.02%0.46%N/A
TWLO
Twilio Inc.
-20.39%-14.71%-7.67%-18.25%-13.34%N/A
WDAY
5.75%-0.96%17.48%52.40%N/AN/A
ZS
-1.05%-10.15%38.42%83.86%N/AN/A
PSQ
ProShares Short QQQ
-7.28%-3.41%-12.94%-29.32%-20.83%-18.06%
USD=X
USD Cash
0.00%0.00%0.00%0.00%0.00%0.00%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2024-1.11%-1.26%
2023-1.60%0.59%0.28%5.94%1.37%

Sharpe Ratio

The current December 23 L/S Sharpe ratio is 0.56. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

0.002.004.000.56

The Sharpe ratio of December 23 L/S is in the bottom 25%, suggesting that this portfolio isn't performing as well in terms of risk-adjusted returns compared to many others. This could be due to lower returns, higher volatility, or both. It might be an indication that the portfolio needs fine-tuning.


Chart placeholderNot enough data

Dividend yield

December 23 L/S granted a 3.07% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
December 23 L/S3.07%2.85%0.25%0.04%0.18%0.85%0.48%0.05%0.05%0.05%0.05%0.06%
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.
0.00%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
1.14%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
6.49%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%

Expense Ratio

The December 23 L/S has a high expense ratio of 0.45%, 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.


0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
^GSPC
S&P 500
2.44
December 23 L/S
COIN
Coinbase Global, Inc.
2.72
CRM
salesforce.com, inc.
3.17
CRWD
CrowdStrike Holdings, Inc.
3.95
DDOG
Datadog, Inc.
1.34
DT
Dynatrace, Inc.
0.52
DXCM
DexCom, Inc.
0.25
INTC
Intel Corporation
1.95
LYFT
Lyft, Inc.
0.89
MANH
Manhattan Associates, Inc.
2.96
MELI
MercadoLibre, Inc.
0.86
PANW
Palo Alto Networks, Inc.
1.31
PDD
Pinduoduo Inc.
0.73
PLTR
Palantir Technologies Inc.
3.17
ROKU
Roku, Inc.
-0.01
SHOP
Shopify Inc.
1.63
SNAP
Snap Inc.
0.18
SQ
Square, Inc.
0.07
TWLO
Twilio Inc.
-0.17
WDAY
ZS
PSQ
ProShares Short QQQ
-1.87
USD=X
USD Cash

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

USD=XPDDINTCDXCMLYFTCOINPANWSNAPMANHMELIROKUCRMWDAYCRWDDTDDOGPLTRSHOPSQZSTWLOPSQ
USD=X0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
PDD0.001.000.310.270.330.310.290.370.300.420.400.360.360.330.350.320.380.450.440.350.39-0.40
INTC0.000.311.000.350.400.390.370.390.440.420.440.490.450.380.380.400.430.470.480.400.45-0.66
DXCM0.000.270.351.000.330.360.390.420.490.450.440.470.470.460.490.480.450.480.470.480.48-0.54
LYFT0.000.330.400.331.000.480.370.520.450.520.550.470.440.450.470.490.580.530.590.460.54-0.53
COIN0.000.310.390.360.481.000.390.490.460.510.550.450.450.460.440.480.580.540.590.520.54-0.57
PANW0.000.290.370.390.370.391.000.420.560.490.440.550.570.680.560.600.530.540.480.680.54-0.61
SNAP0.000.370.390.420.520.490.421.000.490.580.640.530.500.510.550.540.580.600.650.540.61-0.61
MANH0.000.300.440.490.450.460.560.491.000.580.510.630.660.580.650.610.560.580.580.630.59-0.71
MELI0.000.420.420.450.520.510.490.580.581.000.570.570.570.550.570.590.580.640.640.570.61-0.68
ROKU0.000.400.440.440.550.550.440.640.510.571.000.500.500.550.570.560.660.690.690.570.71-0.59
CRM0.000.360.490.470.470.450.550.530.630.570.501.000.680.610.640.620.570.620.590.620.63-0.73
WDAY0.000.360.450.470.440.450.570.500.660.570.500.681.000.660.660.640.570.570.590.690.64-0.69
CRWD0.000.330.380.460.450.460.680.510.580.550.550.610.661.000.670.710.630.610.580.810.68-0.63
DT0.000.350.380.490.470.440.560.550.650.570.570.640.660.671.000.710.630.640.620.700.65-0.65
DDOG0.000.320.400.480.490.480.600.540.610.590.560.620.640.710.711.000.650.640.600.760.68-0.66
PLTR0.000.380.430.450.580.580.530.580.560.580.660.570.570.630.630.651.000.660.680.680.67-0.66
SHOP0.000.450.470.480.530.540.540.600.580.640.690.620.570.610.640.640.661.000.690.650.71-0.69
SQ0.000.440.480.470.590.590.480.650.580.640.690.590.590.580.620.600.680.691.000.620.74-0.69
ZS0.000.350.400.480.460.520.680.540.630.570.570.620.690.810.700.760.680.650.621.000.71-0.68
TWLO0.000.390.450.480.540.540.540.610.590.610.710.630.640.680.650.680.670.710.740.711.00-0.63
PSQ0.00-0.40-0.66-0.54-0.53-0.57-0.61-0.61-0.71-0.68-0.59-0.73-0.69-0.63-0.65-0.66-0.66-0.69-0.69-0.68-0.631.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-8.21%
0
December 23 L/S
Benchmark (^GSPC)
Portfolio components

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 8.21%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.58%Apr 29, 2021524May 2, 2023
-1.27%Apr 15, 20215Apr 21, 20215Apr 28, 202110

Volatility Chart

The current December 23 L/S volatility is 2.29%, 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.


1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
2.29%
3.47%
December 23 L/S
Benchmark (^GSPC)
Portfolio components
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