GMP x2
GMP x2
Asset Allocation
Performance
The chart shows the growth of an initial investment of $10,000 in GMP x2, 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
Returns
As of Sep 21, 2023, the GMP x2 returned 5.45% Year-To-Date and 6.30% of annualized return in the last 10 years.
| 1 month | 6 months | Year-To-Date | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
| Benchmark | 0.33% | 11.48% | 14.66% | 16.16% | 8.51% | 9.99% |
| GMP x2 | 0.35% | -0.83% | 5.45% | 7.15% | 4.33% | 6.31% |
| Portfolio components: | ||||||
SSO ProShares Ultra S&P 500 | 0.23% | 21.47% | 26.75% | 27.17% | 12.30% | 18.49% |
UBT ProShares Ultra 20+ Year Treasury | -0.45% | -24.03% | -14.27% | -27.84% | -9.80% | -1.76% |
UGL ProShares Ultra Gold | 3.06% | -10.84% | 4.65% | 21.44% | 11.80% | 1.40% |
EET ProShares Ultra MSCI Emerging Markets | 0.56% | -3.59% | -1.70% | 1.24% | -8.45% | -4.51% |
UPV ProShares Ultra Europe | -0.67% | 3.23% | 14.61% | 44.28% | -0.37% | 2.06% |
TIP iShares TIPS Bond ETF | 0.14% | -3.05% | 0.36% | -1.78% | 2.15% | 1.71% |
DBC Invesco DB Commodity Index Tracking Fund | 5.10% | 10.85% | 2.76% | 2.84% | 8.47% | 0.18% |
BNDX Vanguard Total International Bond ETF | 0.14% | -1.20% | 2.79% | 1.31% | 0.11% | 1.88% |
| Returns over 1 year are annualized | ||||||
Asset Correlations Table
| UGL | DBC | BNDX | TIP | EET | UPV | SSO | UBT | |
|---|---|---|---|---|---|---|---|---|
| UGL | 1.00 | 0.22 | 0.26 | 0.42 | 0.11 | 0.09 | -0.03 | 0.33 |
| DBC | 0.22 | 1.00 | -0.07 | 0.10 | 0.37 | 0.33 | 0.32 | -0.16 |
| BNDX | 0.26 | -0.07 | 1.00 | 0.54 | -0.02 | -0.03 | -0.04 | 0.66 |
| TIP | 0.42 | 0.10 | 0.54 | 1.00 | 0.02 | 0.02 | -0.04 | 0.73 |
| EET | 0.11 | 0.37 | -0.02 | 0.02 | 1.00 | 0.65 | 0.67 | -0.16 |
| UPV | 0.09 | 0.33 | -0.03 | 0.02 | 0.65 | 1.00 | 0.69 | -0.18 |
| SSO | -0.03 | 0.32 | -0.04 | -0.04 | 0.67 | 0.69 | 1.00 | -0.23 |
| UBT | 0.33 | -0.16 | 0.66 | 0.73 | -0.16 | -0.18 | -0.23 | 1.00 |
Dividend yield
GMP x2 granted a 1.59% dividend yield in the last twelve months.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GMP x2 | 1.59% | 0.76% | 1.16% | 0.44% | 1.74% | 2.13% | 1.11% | 0.90% | 1.00% | 0.79% | 0.41% | 0.22% |
| Portfolio components: | ||||||||||||
SSO ProShares Ultra S&P 500 | 0.32% | 0.50% | 0.18% | 0.20% | 0.51% | 0.76% | 0.39% | 0.52% | 0.65% | 0.34% | 0.27% | 0.74% |
UBT ProShares Ultra 20+ Year Treasury | 3.20% | 0.31% | 0.00% | 0.27% | 1.55% | 1.62% | 1.46% | 0.81% | 1.69% | 0.87% | 0.19% | 0.07% |
UGL ProShares Ultra Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EET ProShares Ultra MSCI Emerging Markets | 1.54% | 0.00% | 0.00% | 0.01% | 1.42% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPV ProShares Ultra Europe | 1.13% | 0.00% | 0.00% | 0.00% | 0.65% | 3.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 2.42% | 7.09% | 4.64% | 1.32% | 2.01% | 3.16% | 2.49% | 1.81% | 0.42% | 2.08% | 1.45% | 2.84% |
DBC Invesco DB Commodity Index Tracking Fund | 0.57% | 0.59% | 0.00% | 0.00% | 1.60% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BNDX Vanguard Total International Bond ETF | 1.98% | 1.53% | 3.84% | 1.18% | 3.67% | 3.35% | 2.56% | 2.22% | 1.94% | 1.87% | 1.07% | 0.00% |
Expense Ratio
The GMP x2 has a high expense ratio of 0.68%, 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.
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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
SSO ProShares Ultra S&P 500 | 0.57 | ||||
UBT ProShares Ultra 20+ Year Treasury | -0.73 | ||||
UGL ProShares Ultra Gold | 0.73 | ||||
EET ProShares Ultra MSCI Emerging Markets | -0.08 | ||||
UPV ProShares Ultra Europe | 0.93 | ||||
TIP iShares TIPS Bond ETF | -0.22 | ||||
DBC Invesco DB Commodity Index Tracking Fund | 0.12 | ||||
BNDX Vanguard Total International Bond ETF | 0.14 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the GMP x2. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the GMP x2 is 38.26%, recorded on Oct 14, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.26% | Nov 10, 2021 | 234 | Oct 14, 2022 | — | — | — |
| -25.84% | Feb 20, 2020 | 20 | Mar 18, 2020 | 56 | Jun 8, 2020 | 76 |
| -18.01% | Jan 29, 2018 | 229 | Dec 24, 2018 | 121 | Jun 19, 2019 | 350 |
| -17.77% | Apr 28, 2015 | 185 | Jan 20, 2016 | 122 | Jul 14, 2016 | 307 |
| -10.56% | Sep 8, 2016 | 48 | Nov 14, 2016 | 102 | Apr 12, 2017 | 150 |
Volatility Chart
The current GMP x2 volatility is 3.85%, 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.