France's wide moats
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
AI.PA L'Air Liquide S.A. | Basic Materials | 14.29% |
DSY.PA Dassault Systèmes SE | Technology | 14.29% |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | Consumer Cyclical | 14.29% |
OR.PA L'Oréal S.A. | Consumer Defensive | 14.29% |
RI.PA Pernod Ricard SA | Consumer Defensive | 14.29% |
RMS.PA Hermès International Société en commandite par actions | Consumer Cyclical | 14.29% |
SAN.PA Sanofi | Healthcare | 14.29% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in France's wide moats, 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 Jul 2, 1996, corresponding to the inception date of DSY.PA
Returns By Period
As of Dec 19, 2024, the France's wide moats returned -14.49% Year-To-Date and 11.46% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 24.34% | 0.23% | 8.53% | 24.95% | 13.01% | 11.06% |
| France's wide moats | -14.81% | 4.54% | -9.08% | -14.96% | 7.45% | 11.43% |
| Portfolio components: | ||||||
RI.PA Pernod Ricard SA | -33.39% | 3.14% | -15.99% | -33.67% | -6.42% | 2.08% |
SAN.PA Sanofi | 0.09% | 0.01% | 1.62% | 0.80% | 2.71% | 4.28% |
RMS.PA Hermès International Société en commandite par actions | 14.16% | 15.44% | 4.00% | 13.11% | 26.48% | 21.54% |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | -17.56% | 9.79% | -13.78% | -17.82% | 8.83% | 16.81% |
DSY.PA Dassault Systèmes SE | -28.76% | 2.59% | -6.40% | -29.24% | 1.50% | 11.27% |
OR.PA L'Oréal S.A. | -28.26% | 3.89% | -25.41% | -27.59% | 4.96% | 9.15% |
AI.PA L'Air Liquide S.A. | -6.68% | -2.86% | -6.94% | -7.12% | 8.85% | 9.05% |
Monthly Returns
The table below presents the monthly returns of France's wide moats, 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 | -0.13% | 2.59% | -0.21% | -4.91% | 0.58% | -5.09% | 0.11% | 4.98% | 3.07% | -11.98% | -5.45% | -14.81% | |
| 2023 | 10.86% | -1.09% | 9.67% | 4.49% | -4.87% | 5.67% | -0.26% | -5.54% | -7.71% | -0.18% | 8.29% | 4.30% | 23.82% |
| 2022 | -8.31% | -2.35% | 0.72% | -5.58% | -2.17% | -7.49% | 9.70% | -8.16% | -6.71% | 3.92% | 14.11% | -1.20% | -15.13% |
| 2021 | -2.95% | 1.59% | 3.87% | 8.89% | 6.24% | 1.15% | 3.14% | -1.02% | -5.98% | 8.03% | 2.38% | 2.32% | 30.18% |
| 2020 | -1.31% | -6.73% | -5.02% | 4.80% | 7.21% | 4.35% | 4.69% | 2.14% | -2.10% | -2.58% | 13.13% | 4.23% | 23.27% |
| 2019 | 3.46% | 5.48% | 4.47% | 3.49% | -3.41% | 8.46% | -3.21% | -0.26% | 1.12% | 3.97% | 2.11% | 3.04% | 32.00% |
| 2018 | 4.42% | -1.75% | 3.13% | 4.80% | 2.41% | -1.85% | 3.34% | 0.56% | 1.02% | -9.33% | -0.42% | 0.80% | 6.49% |
| 2017 | 2.53% | 1.47% | 6.11% | 5.79% | 5.58% | -1.60% | 2.32% | 1.48% | 2.21% | 4.25% | -0.03% | 0.01% | 34.19% |
| 2016 | -1.27% | -1.24% | 4.13% | 0.23% | 0.78% | -0.44% | 6.39% | -1.05% | 0.35% | -1.44% | -1.87% | 3.37% | 7.83% |
| 2015 | 2.12% | 4.54% | -0.05% | 5.38% | 0.71% | -3.82% | 5.43% | -9.32% | 0.33% | 8.84% | -5.95% | -3.46% | 3.26% |
| 2014 | -7.00% | 4.43% | -0.44% | 5.82% | 2.39% | 0.12% | -3.86% | 0.88% | -4.38% | -2.06% | 6.00% | -1.91% | -0.96% |
| 2013 | 4.74% | -0.92% | 2.07% | 4.14% | 1.63% | -5.55% | 6.54% | -3.00% | 6.51% | -2.39% | -1.40% | 2.06% | 14.49% |
Expense Ratio
France's wide moats 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of France's wide moats is 0, meaning it’s performing worse than 100% 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 | |
|---|---|---|---|---|---|
RI.PA Pernod Ricard SA | -1.32 | -2.07 | 0.78 | -0.66 | -1.78 |
SAN.PA Sanofi | 0.02 | 0.18 | 1.02 | 0.02 | 0.05 |
RMS.PA Hermès International Société en commandite par actions | 0.53 | 0.98 | 1.12 | 0.71 | 1.34 |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | -0.58 | -0.75 | 0.91 | -0.45 | -0.87 |
DSY.PA Dassault Systèmes SE | -1.14 | -1.53 | 0.81 | -0.61 | -1.19 |
OR.PA L'Oréal S.A. | -1.16 | -1.65 | 0.80 | -0.89 | -1.96 |
AI.PA L'Air Liquide S.A. | -0.35 | -0.38 | 0.96 | -0.38 | -0.96 |
Dividends
Dividend yield
France's wide moats provided a 2.24% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.24% | 1.82% | 1.74% | 1.33% | 1.54% | 1.63% | 1.98% | 1.84% | 1.90% | 1.91% | 2.12% | 1.99% |
| Portfolio components: | ||||||||||||
RI.PA Pernod Ricard SA | 4.35% | 2.94% | 2.24% | 1.48% | 1.70% | 1.96% | 1.65% | 1.53% | 1.83% | 1.71% | 1.78% | 1.98% |
SAN.PA Sanofi | 4.12% | 3.97% | 3.71% | 3.63% | 4.02% | 3.44% | 4.03% | 4.14% | 3.83% | 3.65% | 3.72% | 3.61% |
RMS.PA Hermès International Société en commandite par actions | 0.59% | 0.68% | 0.55% | 0.30% | 0.52% | 0.68% | 1.34% | 0.84% | 0.86% | 0.95% | 0.92% | 0.95% |
MC.PA LVMH Moët Hennessy - Louis Vuitton, Société Européenne | 2.07% | 1.70% | 1.76% | 0.96% | 0.90% | 1.50% | 2.09% | 1.71% | 1.98% | 2.28% | 3.58% | 2.26% |
DSY.PA Dassault Systèmes SE | 0.69% | 0.47% | 0.51% | 0.21% | 0.42% | 0.44% | 0.56% | 0.60% | 0.65% | 0.58% | 0.82% | 0.89% |
OR.PA L'Oréal S.A. | 1.96% | 1.33% | 1.44% | 0.96% | 1.24% | 1.46% | 1.76% | 1.78% | 1.79% | 1.74% | 1.79% | 1.80% |
AI.PA L'Air Liquide S.A. | 1.87% | 1.67% | 1.99% | 1.79% | 2.01% | 1.91% | 2.44% | 2.25% | 2.40% | 2.46% | 2.25% | 2.43% |
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 France's wide moats. 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 France's wide moats was 46.93%, occurring on Mar 3, 2009. Recovery took 362 trading sessions.
The current France's wide moats drawdown is 18.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.93% | Jun 2, 2008 | 194 | Mar 3, 2009 | 362 | Aug 2, 2010 | 556 |
| -31.81% | Nov 22, 2021 | 220 | Sep 27, 2022 | 133 | Apr 3, 2023 | 353 |
| -31.16% | Jan 2, 2001 | 185 | Sep 21, 2001 | 151 | Apr 30, 2002 | 336 |
| -26.52% | Jan 20, 2020 | 44 | Mar 19, 2020 | 72 | Jul 2, 2020 | 116 |
| -24.34% | Jul 1, 2002 | 63 | Sep 25, 2002 | 161 | May 16, 2003 | 224 |
Volatility
Volatility Chart
The current France's wide moats volatility is 4.51%, 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
| DSY.PA | SAN.PA | RI.PA | RMS.PA | AI.PA | OR.PA | MC.PA | |
|---|---|---|---|---|---|---|---|
| DSY.PA | 1.00 | 0.34 | 0.33 | 0.39 | 0.43 | 0.44 | 0.48 |
| SAN.PA | 0.34 | 1.00 | 0.36 | 0.30 | 0.49 | 0.48 | 0.43 |
| RI.PA | 0.33 | 0.36 | 1.00 | 0.37 | 0.43 | 0.47 | 0.45 |
| RMS.PA | 0.39 | 0.30 | 0.37 | 1.00 | 0.42 | 0.45 | 0.56 |
| AI.PA | 0.43 | 0.49 | 0.43 | 0.42 | 1.00 | 0.57 | 0.58 |
| OR.PA | 0.44 | 0.48 | 0.47 | 0.45 | 0.57 | 1.00 | 0.61 |
| MC.PA | 0.48 | 0.43 | 0.45 | 0.56 | 0.58 | 0.61 | 1.00 |