Above the ground
High return with OK risk, combined with low return with LOW risk.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | Long-Short | 25% |
GLD SPDR Gold Trust | Precious Metals, Gold | 25% |
QQQ Invesco QQQ | Large Cap Blend Equities | 15% |
SPMO Invesco S&P 500® Momentum ETF | Large Cap Growth Equities | 10% |
UUP Invesco DB US Dollar Index Bullish Fund | Currency | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Above the ground, 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 every 3 months.
The earliest data available for this chart is Oct 12, 2015, corresponding to the inception date of SPMO
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -3.31% | 5.38% | -0.74% | 10.90% | 14.93% | 10.61% |
| Above the ground | 5.54% | 0.77% | 6.13% | 16.91% | 9.07% | N/A |
| Portfolio components: | ||||||
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 6.76% | -8.06% | 3.28% | 8.73% | -2.85% | 1.68% |
GLD SPDR Gold Trust | 23.07% | 4.04% | 18.03% | 39.92% | 13.24% | 10.08% |
UUP Invesco DB US Dollar Index Bullish Fund | -6.42% | -1.50% | -1.87% | 0.43% | 2.75% | 2.57% |
QQQ Invesco QQQ | -4.24% | 8.47% | 0.60% | 12.94% | 18.64% | 17.40% |
SPMO Invesco S&P 500® Momentum ETF | 3.13% | 10.32% | 7.40% | 26.36% | 21.35% | N/A |
Monthly Returns
The table below presents the monthly returns of Above the ground, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.16% | 1.79% | 1.65% | 0.11% | -0.27% | 5.54% | |||||||
| 2024 | 3.25% | 1.99% | 2.75% | 1.48% | 2.03% | 2.51% | 0.29% | 1.69% | 1.12% | 2.17% | -0.02% | 0.66% | 21.79% |
| 2023 | 1.14% | -1.24% | 3.98% | 1.13% | -0.31% | -0.43% | -0.02% | 1.54% | 0.01% | 3.12% | 1.28% | -0.91% | 9.55% |
| 2022 | -0.82% | -0.46% | 2.34% | -0.02% | -0.72% | 0.46% | 0.17% | -1.35% | -1.52% | 1.87% | 2.01% | -0.56% | 1.30% |
| 2021 | -0.21% | -4.36% | 0.70% | 1.48% | 0.90% | 0.80% | 1.68% | 1.00% | -1.84% | 1.86% | 0.73% | 2.17% | 4.82% |
| 2020 | 3.60% | -1.55% | 0.81% | 4.25% | 2.59% | 1.03% | 4.22% | 0.87% | -1.90% | -1.77% | -3.16% | 1.87% | 11.02% |
| 2019 | 1.94% | 0.78% | 1.50% | 0.59% | 0.66% | 2.32% | 1.58% | 3.98% | -1.11% | 0.66% | -0.33% | 0.72% | 14.03% |
| 2018 | 1.21% | -0.30% | -0.07% | 0.50% | 1.54% | 0.48% | 0.07% | 1.29% | 0.15% | 0.22% | 0.23% | 0.27% | 5.70% |
| 2017 | 1.00% | 2.33% | 0.36% | 1.04% | 1.26% | -1.98% | 0.67% | 1.55% | -1.66% | 1.86% | 0.01% | 0.76% | 7.37% |
| 2016 | 2.51% | 2.18% | -0.32% | -0.37% | -0.20% | 3.86% | 0.45% | -1.04% | 0.03% | 0.00% | -3.47% | 0.64% | 4.16% |
| 2015 | 0.82% | -0.78% | -0.20% | -0.15% |
Expense Ratio
Above the ground has an expense ratio of 0.86%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, Above the ground is among the top 2% of 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 | |
|---|---|---|---|---|---|
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 0.38 | 0.71 | 1.08 | 0.29 | 1.20 |
GLD SPDR Gold Trust | 2.41 | 3.21 | 1.41 | 5.01 | 13.43 |
UUP Invesco DB US Dollar Index Bullish Fund | -0.10 | -0.08 | 0.99 | -0.08 | -0.23 |
QQQ Invesco QQQ | 0.63 | 1.03 | 1.14 | 0.70 | 2.32 |
SPMO Invesco S&P 500® Momentum ETF | 1.20 | 1.72 | 1.25 | 1.47 | 5.37 |
Dividends
Dividend yield
Above the ground provided a 2.16% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.16% | 2.12% | 3.40% | 0.76% | 0.12% | 0.21% | 0.98% | 0.61% | 0.23% | 0.35% | 0.18% | 0.21% |
| Portfolio components: | ||||||||||||
BTAL AGFiQ US Market Neutral Anti-Beta Fund | 3.27% | 3.49% | 6.14% | 1.01% | 0.00% | 0.00% | 0.88% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 4.78% | 4.48% | 6.45% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
SPMO Invesco S&P 500® Momentum ETF | 0.52% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 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 Above the ground. 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 Above the ground was 11.60%, occurring on Mar 8, 2021. Recovery took 252 trading sessions.
The current Above the ground drawdown is 0.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.6% | Sep 2, 2020 | 128 | Mar 8, 2021 | 252 | Mar 7, 2022 | 380 |
| -6.42% | Feb 20, 2020 | 18 | Mar 16, 2020 | 18 | Apr 9, 2020 | 36 |
| -6.07% | Jul 7, 2016 | 107 | Dec 6, 2016 | 88 | Apr 13, 2017 | 195 |
| -4.12% | Apr 19, 2022 | 115 | Sep 30, 2022 | 67 | Jan 6, 2023 | 182 |
| -4.07% | Jun 1, 2020 | 6 | Jun 8, 2020 | 10 | Jun 22, 2020 | 16 |
Volatility
Volatility Chart
The current Above the ground volatility is 3.69%, 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
Diversification Metrics
Number of Effective Assets
The portfolio contains 5 assets, with an effective number of assets of 4.55, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | UUP | GLD | BTAL | SPMO | QQQ | Portfolio | |
|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | -0.16 | 0.02 | -0.54 | 0.77 | 0.91 | 0.29 |
| UUP | -0.16 | 1.00 | -0.48 | 0.11 | -0.16 | -0.14 | -0.05 |
| GLD | 0.02 | -0.48 | 1.00 | 0.03 | 0.07 | 0.03 | 0.52 |
| BTAL | -0.54 | 0.11 | 0.03 | 1.00 | -0.33 | -0.48 | 0.35 |
| SPMO | 0.77 | -0.16 | 0.07 | -0.33 | 1.00 | 0.75 | 0.44 |
| QQQ | 0.91 | -0.14 | 0.03 | -0.48 | 0.75 | 1.00 | 0.37 |
| Portfolio | 0.29 | -0.05 | 0.52 | 0.35 | 0.44 | 0.37 | 1.00 |