HFEA
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
TMF Direxion Daily 20-Year Treasury Bull 3X | Leveraged Bonds, Leveraged | 45% |
UPRO ProShares UltraPro S&P 500 | Leveraged Equities, Leveraged | 55% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in HFEA, 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 Jun 25, 2009, corresponding to the inception date of UPRO
Returns By Period
As of Dec 24, 2024, the HFEA returned 16.34% Year-To-Date and 11.83% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 25.25% | 0.08% | 9.66% | 25.65% | 13.17% | 11.11% |
| HFEA | 16.34% | -3.59% | 1.72% | 17.45% | 3.27% | 11.83% |
| Portfolio components: | ||||||
UPRO ProShares UltraPro S&P 500 | 71.63% | -0.71% | 21.10% | 73.05% | 22.08% | 23.81% |
TMF Direxion Daily 20-Year Treasury Bull 3X | -35.37% | -8.66% | -22.46% | -34.68% | -30.30% | -14.06% |
Monthly Returns
The table below presents the monthly returns of HFEA, 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 | -1.76% | 5.07% | 5.97% | -15.85% | 11.24% | 7.14% | 5.14% | 4.92% | 4.97% | -9.75% | 11.79% | 16.34% | |
| 2023 | 19.98% | -11.67% | 10.91% | 1.83% | -4.71% | 10.78% | 1.02% | -8.23% | -18.04% | -12.20% | 28.66% | 18.68% | 28.70% |
| 2022 | -14.04% | -7.82% | -2.28% | -25.97% | -4.80% | -16.37% | 18.37% | -13.82% | -25.84% | 4.15% | 16.86% | -14.79% | -64.20% |
| 2021 | -6.90% | -2.77% | 2.46% | 11.81% | 0.64% | 9.45% | 8.73% | 4.21% | -11.86% | 15.10% | 1.60% | 4.19% | 38.99% |
| 2020 | 9.97% | -2.73% | -12.74% | 21.43% | 5.72% | 1.77% | 15.70% | 6.26% | -7.61% | -9.30% | 21.80% | 5.37% | 61.26% |
| 2019 | 13.41% | 3.83% | 9.13% | 3.64% | -2.85% | 11.66% | 2.25% | 11.64% | -2.27% | 1.31% | 5.33% | 0.77% | 73.31% |
| 2018 | 5.53% | -12.00% | -1.87% | -3.05% | 5.95% | 1.35% | 3.84% | 6.74% | -2.82% | -15.55% | 4.51% | -4.67% | -14.03% |
| 2017 | 3.48% | 8.57% | -1.09% | 3.53% | 4.37% | 1.75% | 2.16% | 4.44% | -0.16% | 3.53% | 5.79% | 4.16% | 48.48% |
| 2016 | -0.18% | 3.94% | 8.80% | -0.65% | 3.40% | 9.41% | 8.89% | -1.48% | -2.45% | -9.00% | -3.54% | 3.91% | 21.11% |
| 2015 | 9.12% | -2.01% | -1.73% | -3.31% | -1.39% | -8.84% | 9.38% | -11.45% | -0.99% | 14.42% | -0.50% | -4.44% | -4.71% |
| 2014 | 2.63% | 7.47% | 2.09% | 3.56% | 7.61% | 2.93% | -1.70% | 13.11% | -5.47% | 6.94% | 8.68% | 3.34% | 63.04% |
| 2013 | 4.81% | 3.50% | 6.11% | 9.36% | -5.48% | -6.97% | 5.47% | -7.30% | 6.33% | 9.39% | 1.51% | 1.97% | 30.30% |
Expense Ratio
HFEA has a high expense ratio of 1.00%, 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
Risk-Adjusted Performance Rank
The current rank of HFEA is 8, meaning it’s performing worse than 92% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 | |
|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 1.99 | 2.41 | 1.33 | 2.30 | 11.97 |
TMF Direxion Daily 20-Year Treasury Bull 3X | -0.85 | -1.11 | 0.88 | -0.39 | -1.53 |
Dividends
Dividend yield
HFEA provided a 2.40% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.40% | 1.67% | 1.02% | 0.09% | 1.07% | 0.65% | 1.02% | 0.18% | 0.06% | 0.19% | 0.12% | 0.30% |
| Portfolio components: | ||||||||||||
UPRO ProShares UltraPro S&P 500 | 0.88% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
TMF Direxion Daily 20-Year Treasury Bull 3X | 4.25% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% | 0.00% | 0.00% | 0.00% | 0.57% |
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 HFEA. 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 HFEA was 70.84%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current HFEA drawdown is 47.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.84% | Dec 28, 2021 | 462 | Oct 27, 2023 | — | — | — |
| -44.34% | Mar 9, 2020 | 8 | Mar 18, 2020 | 53 | Jun 3, 2020 | 61 |
| -26.74% | Jan 29, 2018 | 229 | Dec 24, 2018 | 59 | Mar 21, 2019 | 288 |
| -23.14% | Feb 3, 2015 | 165 | Sep 28, 2015 | 136 | Apr 13, 2016 | 301 |
| -21.73% | Sep 3, 2020 | 41 | Oct 30, 2020 | 42 | Dec 31, 2020 | 83 |
Volatility
Volatility Chart
The current HFEA volatility is 10.19%, 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
| TMF | UPRO | |
|---|---|---|
| TMF | 1.00 | -0.28 |
| UPRO | -0.28 | 1.00 |