bd2
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
CSWC Capital Southwest Corporation | Financial Services | 50% |
MAIN Main Street Capital Corporation | Financial Services | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in bd2, 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 Oct 5, 2007, corresponding to the inception date of MAIN
Returns By Period
As of Nov 13, 2024, the bd2 returned 16.87% Year-To-Date and 14.69% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 25.45% | 2.91% | 14.05% | 35.64% | 14.13% | 11.39% |
| bd2 | 16.87% | -3.60% | -1.32% | 28.42% | 14.41% | 14.69% |
| Portfolio components: | ||||||
MAIN Main Street Capital Corporation | 30.22% | 2.55% | 9.36% | 40.75% | 12.55% | 13.50% |
CSWC Capital Southwest Corporation | 4.20% | -9.91% | -11.50% | 16.49% | 15.02% | 14.62% |
Monthly Returns
The table below presents the monthly returns of bd2, 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 | 4.48% | -0.13% | 5.42% | 4.41% | -0.83% | 4.34% | 0.12% | -2.17% | 2.52% | -0.73% | 16.87% | ||
| 2023 | 11.75% | 1.21% | -4.19% | 2.62% | -0.31% | 6.64% | 5.82% | 0.99% | 4.47% | -5.54% | 6.55% | 6.97% | 42.09% |
| 2022 | -1.21% | -1.24% | -1.38% | -3.67% | -4.21% | -6.73% | 13.00% | -4.72% | -14.85% | 10.89% | 0.16% | -2.61% | -17.88% |
| 2021 | 1.23% | 18.18% | 5.35% | 9.89% | 3.51% | -6.20% | 3.79% | 3.54% | -1.34% | 9.62% | -1.26% | -0.83% | 53.04% |
| 2020 | 0.66% | -13.55% | -39.28% | 23.53% | 12.08% | 0.30% | -1.63% | 5.74% | -1.49% | -6.11% | 22.30% | 4.69% | -9.60% |
| 2019 | 10.04% | 4.26% | -2.51% | 4.43% | 0.63% | 2.17% | 2.30% | 2.69% | 1.42% | 0.97% | 0.08% | 0.40% | 29.82% |
| 2018 | -3.05% | 0.28% | 2.26% | 1.33% | 1.17% | 4.15% | 3.22% | 3.49% | -2.66% | -1.21% | 3.96% | -5.82% | 6.74% |
| 2017 | -0.15% | 1.92% | 4.80% | 0.50% | -3.47% | 2.55% | 2.51% | 0.67% | 3.15% | 1.32% | -0.47% | -0.76% | 13.05% |
| 2016 | 1.34% | 0.33% | 3.34% | 1.28% | 0.56% | 1.29% | 4.68% | 2.61% | -0.15% | -1.77% | 6.17% | 5.80% | 28.29% |
| 2015 | 7.27% | 9.80% | -2.33% | 2.26% | 1.95% | 2.38% | -2.95% | -7.35% | 0.09% | -0.45% | 6.03% | -9.06% | 6.06% |
| 2014 | 1.07% | 2.84% | -3.04% | -1.36% | 1.16% | 3.46% | -5.00% | 6.06% | -3.81% | 3.43% | 2.16% | -3.51% | 2.79% |
| 2013 | 7.12% | 4.07% | 0.10% | -1.75% | 7.50% | -1.79% | 8.35% | -6.51% | 3.51% | -0.88% | 6.75% | 1.02% | 29.72% |
Expense Ratio
bd2 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 bd2 is 21, indicating that it is in the bottom 21% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 | |
|---|---|---|---|---|---|
MAIN Main Street Capital Corporation | 2.98 | 3.78 | 1.57 | 4.32 | 16.58 |
CSWC Capital Southwest Corporation | 0.85 | 1.14 | 1.16 | 1.09 | 3.16 |
Dividends
Dividend yield
bd2 provided a 9.46% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 9.46% | 9.41% | 10.36% | 7.93% | 9.24% | 9.92% | 7.15% | 7.02% | 4.87% | 4.57% | 4.36% | 4.09% |
| Portfolio components: | ||||||||||||
MAIN Main Street Capital Corporation | 7.86% | 8.61% | 7.97% | 5.74% | 6.99% | 6.76% | 8.43% | 7.02% | 7.42% | 9.15% | 8.72% | 8.18% |
CSWC Capital Southwest Corporation | 11.05% | 10.21% | 12.75% | 10.13% | 11.49% | 13.07% | 5.88% | 7.01% | 2.31% | 0.00% | 0.00% | 0.00% |
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 bd2. 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 bd2 was 61.40%, occurring on Mar 18, 2020. Recovery took 232 trading sessions.
The current bd2 drawdown is 5.67%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -61.4% | Jan 23, 2020 | 39 | Mar 18, 2020 | 232 | Feb 18, 2021 | 271 |
| -44.37% | Sep 9, 2008 | 125 | Mar 9, 2009 | 281 | Apr 20, 2010 | 406 |
| -28.68% | Nov 19, 2021 | 224 | Oct 11, 2022 | 203 | Aug 3, 2023 | 427 |
| -19.7% | Jul 17, 2015 | 145 | Feb 11, 2016 | 190 | Nov 10, 2016 | 335 |
| -19.27% | Jul 11, 2011 | 60 | Oct 3, 2011 | 74 | Jan 19, 2012 | 134 |
Volatility
Volatility Chart
The current bd2 volatility is 6.29%, 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.
Diversification
Asset Correlations Table
| CSWC | MAIN | |
|---|---|---|
| CSWC | 1.00 | 0.35 |
| MAIN | 0.35 | 1.00 |