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Alpha Year

Last updated Mar 2, 2024

Asset Allocation


ADBE 4%APPF 4%APP 4%ANET 4%FIX 4%DECK 4%LLY 4%FN 4%FICO 4%FCNCA 4%HUBS 4%JBL 4%MSFT 4%MDB 4%EDU 4%NVO 4%NVDA 4%ONTO 4%SAIA 4%NOW 4%SSD 4%WING 4%BLD 4%GWW 4%XPO 4%EquityEquity
PositionCategory/SectorWeight
ADBE
Adobe Inc
Technology

4%

APPF
AppFolio, Inc.
Technology

4%

APP
AppLovin Corporation
Technology

4%

ANET
Arista Networks, Inc.
Technology

4%

FIX
Comfort Systems USA, Inc.
Industrials

4%

DECK
Deckers Outdoor Corporation
Consumer Cyclical

4%

LLY
Eli Lilly and Company
Healthcare

4%

FN
Fabrinet
Technology

4%

FICO
Fair Isaac Corporation
Technology

4%

FCNCA
First Citizens BancShares, Inc.
Financial Services

4%

HUBS
HubSpot, Inc.
Technology

4%

JBL
Jabil Inc.
Technology

4%

MSFT
Microsoft Corporation
Technology

4%

MDB
MongoDB, Inc.
Technology

4%

EDU
New Oriental Education & Technology Group Inc.
Consumer Defensive

4%

NVO
Novo Nordisk A/S
Healthcare

4%

NVDA
NVIDIA Corporation
Technology

4%

ONTO

4%

SAIA

4%

NOW
ServiceNow, Inc.
Technology

4%

SSD

4%

WING

4%

BLD
TopBuild Corp.
Industrials

4%

GWW
W.W. Grainger, Inc.
Industrials

4%

XPO

4%

S&P 500

Performance

The chart shows the growth of an initial investment of $10,000 in Alpha Year, 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


0.00%50.00%100.00%150.00%OctoberNovemberDecember2024FebruaryMarch
156.41%
23.18%
Alpha Year
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Apr 15, 2021, corresponding to the inception date of APP

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%
Alpha Year24.47%10.54%41.38%114.56%N/AN/A
ADBE
Adobe Inc
-4.30%-10.06%1.37%65.95%16.69%23.64%
APPF
AppFolio, Inc.
39.77%6.30%24.93%86.86%29.83%N/A
APP
AppLovin Corporation
56.24%35.76%44.15%346.31%N/AN/A
ANET
Arista Networks, Inc.
22.18%5.36%45.79%104.54%32.09%N/A
FIX
Comfort Systems USA, Inc.
52.88%35.95%69.29%109.22%43.48%35.38%
DECK
Deckers Outdoor Corporation
35.14%2.41%69.55%110.85%43.65%28.43%
LLY
Eli Lilly and Company
34.41%17.35%40.89%147.67%45.69%32.10%
FN
Fabrinet
14.85%-2.26%36.18%78.97%30.44%26.76%
FICO
Fair Isaac Corporation
11.27%3.18%44.46%83.66%38.82%37.52%
FCNCA
First Citizens BancShares, Inc.
10.59%3.27%14.75%124.05%29.51%21.82%
HUBS
HubSpot, Inc.
9.17%3.50%14.90%55.18%29.84%N/A
JBL
Jabil Inc.
15.59%12.23%27.67%73.12%39.73%24.14%
MSFT
Microsoft Corporation
10.70%1.23%26.91%64.09%31.17%29.07%
MDB
MongoDB, Inc.
6.85%0.19%11.19%99.42%33.24%N/A
EDU
New Oriental Education & Technology Group Inc.
31.06%17.99%65.13%111.96%3.02%13.11%
NVO
Novo Nordisk A/S
20.09%9.26%31.24%73.03%39.89%19.73%
NVDA
NVIDIA Corporation
66.15%24.36%69.64%244.56%84.24%68.95%
ONTO
25.96%16.77%40.80%124.62%N/AN/A
SAIA
32.25%8.43%32.14%96.03%N/AN/A
NOW
ServiceNow, Inc.
9.50%-0.98%30.93%74.25%26.03%27.06%
SSD
5.87%11.81%28.68%88.07%N/AN/A
WING
42.75%27.28%130.92%111.98%N/AN/A
BLD
TopBuild Corp.
9.71%7.64%38.46%95.19%46.93%N/A
GWW
W.W. Grainger, Inc.
18.60%1.06%38.60%41.99%28.42%16.50%
XPO
37.69%26.49%58.37%226.12%N/AN/A

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20246.55%14.67%
20236.11%-3.64%-0.17%13.47%5.07%

Sharpe Ratio

The current Alpha Year Sharpe ratio is 6.26. A Sharpe ratio of 3.0 or higher is considered excellent.

0.002.004.006.26

The Sharpe ratio of Alpha Year is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.006.00OctoberNovemberDecember2024FebruaryMarch
6.26
2.44
Alpha Year
Benchmark (^GSPC)
Portfolio components

Dividend yield

Alpha Year granted a 0.14% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
Alpha Year0.14%0.17%0.37%0.22%0.44%0.35%0.81%0.45%0.86%0.56%0.53%0.62%
ADBE
Adobe 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%
APPF
AppFolio, 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%
APP
AppLovin Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ANET
Arista 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%
FIX
Comfort Systems USA, Inc.
0.27%0.41%0.49%0.49%0.81%0.79%0.76%0.68%0.83%0.88%1.31%1.08%
DECK
Deckers Outdoor Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
LLY
Eli Lilly and Company
0.60%0.78%1.07%1.23%1.75%1.96%1.94%2.46%2.77%2.37%2.84%3.84%
FN
Fabrinet
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FICO
Fair Isaac Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.07%0.08%0.11%0.13%
FCNCA
First Citizens BancShares, Inc.
0.30%0.27%0.28%0.23%0.29%0.30%0.38%0.31%0.34%0.46%0.47%0.54%
HUBS
HubSpot, 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%
JBL
Jabil Inc.
0.22%0.25%0.47%0.45%0.75%0.77%1.29%1.22%1.35%1.37%1.47%1.83%
MSFT
Microsoft Corporation
0.69%0.74%1.06%0.68%0.94%1.20%1.69%1.86%2.37%2.33%2.48%2.59%
MDB
MongoDB, 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%
EDU
New Oriental Education & Technology Group Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.46%0.00%1.27%0.00%1.08%
NVO
Novo Nordisk A/S
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NVDA
NVIDIA Corporation
0.02%0.03%0.11%0.05%0.12%0.27%0.46%0.29%0.45%1.20%1.70%1.94%
ONTO
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SAIA
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NOW
ServiceNow, 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%
SSD
0.51%0.54%1.15%0.69%0.74%1.41%1.59%1.36%1.55%1.76%1.17%1.02%
WING
0.22%0.32%3.43%0.35%4.02%0.43%10.15%0.36%9.80%0.00%0.00%0.00%
BLD
TopBuild Corp.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GWW
W.W. Grainger, Inc.
0.76%0.88%1.22%1.23%1.45%1.68%1.90%2.14%2.08%2.27%1.64%1.41%
XPO
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 Alpha Year has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


The portfolio doesn't hold funds that charge fees

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
Alpha Year
6.26
ADBE
Adobe Inc
2.45
APPF
AppFolio, Inc.
1.91
APP
AppLovin Corporation
5.81
ANET
Arista Networks, Inc.
2.35
FIX
Comfort Systems USA, Inc.
3.13
DECK
Deckers Outdoor Corporation
3.36
LLY
Eli Lilly and Company
5.18
FN
Fabrinet
1.51
FICO
Fair Isaac Corporation
3.37
FCNCA
First Citizens BancShares, Inc.
1.82
HUBS
HubSpot, Inc.
1.79
JBL
Jabil Inc.
2.06
MSFT
Microsoft Corporation
3.10
MDB
MongoDB, Inc.
1.92
EDU
New Oriental Education & Technology Group Inc.
2.80
NVO
Novo Nordisk A/S
2.42
NVDA
NVIDIA Corporation
5.65
ONTO
2.94
SAIA
2.69
NOW
ServiceNow, Inc.
2.79
SSD
3.07
WING
3.49
BLD
TopBuild Corp.
2.72
GWW
W.W. Grainger, Inc.
2.15
XPO
5.32

Asset Correlations Table

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

LLYEDUNVOFCNCAWINGGWWAPPFAPPFICODECKFIXSAIAFNSSDXPOHUBSMDBBLDJBLANETONTOMSFTADBENVDANOW
LLY1.000.060.450.130.140.260.150.140.170.170.210.130.200.180.180.130.120.160.150.250.140.320.250.210.20
EDU0.061.000.120.190.200.100.180.260.160.220.150.230.180.130.240.190.220.210.220.170.220.200.220.210.23
NVO0.450.121.000.150.170.230.190.180.260.240.220.230.210.200.220.240.210.220.210.260.210.320.320.250.30
FCNCA0.130.190.151.000.260.360.340.280.330.380.490.410.410.490.450.300.270.470.450.260.410.330.290.360.32
WING0.140.200.170.261.000.280.390.430.420.440.320.350.310.350.380.430.440.400.340.390.400.390.430.440.47
GWW0.260.100.230.360.281.000.280.280.390.370.570.450.400.550.440.270.250.500.440.380.370.370.370.320.35
APPF0.150.180.190.340.390.281.000.450.430.360.350.330.380.380.340.530.460.400.380.450.400.430.450.440.54
APP0.140.260.180.280.430.280.451.000.420.390.320.390.370.360.410.580.610.400.380.450.430.470.530.530.58
FICO0.170.160.260.330.420.390.430.421.000.390.370.380.390.410.430.470.460.450.410.470.460.520.560.480.57
DECK0.170.220.240.380.440.370.360.390.391.000.440.470.450.480.470.430.450.510.480.460.460.420.450.470.49
FIX0.210.150.220.490.320.570.350.320.370.441.000.510.500.640.500.350.330.610.530.460.480.410.390.390.38
SAIA0.130.230.230.410.350.450.330.390.380.470.511.000.460.550.730.420.400.570.480.430.490.430.480.460.45
FN0.200.180.210.410.310.400.380.370.390.450.500.461.000.520.460.400.430.490.650.570.600.480.470.520.47
SSD0.180.130.200.490.350.550.380.360.410.480.640.550.521.000.560.410.350.690.530.420.510.410.410.410.41
XPO0.180.240.220.450.380.440.340.410.430.470.500.730.460.561.000.400.390.570.510.440.510.450.440.510.44
HUBS0.130.190.240.300.430.270.530.580.470.430.350.420.400.410.401.000.740.440.410.510.470.550.590.580.72
MDB0.120.220.210.270.440.250.460.610.460.450.330.400.430.350.390.741.000.430.450.540.500.580.600.600.74
BLD0.160.210.220.470.400.500.400.400.450.510.610.570.490.690.570.440.431.000.550.420.510.450.470.470.45
JBL0.150.220.210.450.340.440.380.380.410.480.530.480.650.530.510.410.450.551.000.570.630.530.500.580.49
ANET0.250.170.260.260.390.380.450.450.470.460.460.430.570.420.440.510.540.420.571.000.560.640.610.650.63
ONTO0.140.220.210.410.400.370.400.430.460.460.480.490.600.510.510.470.500.510.630.561.000.530.530.670.55
MSFT0.320.200.320.330.390.370.430.470.520.420.410.430.480.410.450.550.580.450.530.640.531.000.740.690.69
ADBE0.250.220.320.290.430.370.450.530.560.450.390.480.470.410.440.590.600.470.500.610.530.741.000.670.73
NVDA0.210.210.250.360.440.320.440.530.480.470.390.460.520.410.510.580.600.470.580.650.670.690.671.000.64
NOW0.200.230.300.320.470.350.540.580.570.490.380.450.470.410.440.720.740.450.490.630.550.690.730.641.00

Drawdowns Chart

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


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
Alpha Year
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Alpha Year. 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 Alpha Year was 33.58%, occurring on May 11, 2022. Recovery took 235 trading sessions.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-33.58%Nov 17, 2021121May 11, 2022235Apr 19, 2023356
-8.56%Sep 5, 202338Oct 26, 20236Nov 3, 202344
-8.49%Apr 28, 202111May 12, 202120Jun 10, 202131
-7.46%Sep 7, 202120Oct 4, 202110Oct 18, 202130
-5.73%Jun 30, 202113Jul 19, 202113Aug 5, 202126

Volatility Chart

The current Alpha Year volatility is 7.64%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%OctoberNovemberDecember2024FebruaryMarch
7.64%
3.47%
Alpha Year
Benchmark (^GSPC)
Portfolio components
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