Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | Government Bonds | 35% |
SSO ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 65% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in HEDGEFUNDIE 2x EDV, 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.
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The earliest data available for this chart is Dec 13, 2007, corresponding to the inception date of EDV
Returns By Period
As of Apr 4, 2026, the HEDGEFUNDIE 2x EDV returned -5.16% Year-To-Date and 14.28% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.63% | -3.84% | -1.98% | 29.73% | 16.86% | 10.37% | 12.29% |
Portfolio HEDGEFUNDIE 2x EDV | 0.44% | -5.59% | -5.16% | -4.55% | 32.27% | 16.28% | 7.09% | 14.28% |
| Portfolio components: | ||||||||
SSO ProShares Ultra S&P500 | 0.17% | -7.53% | -8.75% | -6.34% | 58.29% | 28.66% | 15.72% | 21.33% |
EDV Vanguard Extended Duration Treasury ETF | 0.98% | -2.85% | 0.77% | -2.40% | -6.25% | -6.39% | -9.36% | -2.92% |
Monthly Returns
Based on dividend-adjusted daily data since Dec 14, 2007, HEDGEFUNDIE 2x EDV's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, your investment would double in approximately 4.8 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +17.1%, while the worst month was Oct 2008 at -23.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HEDGEFUNDIE 2x EDV closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +11.7%, while the worst single day was Mar 12, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.45% | 0.87% | -8.59% | 1.39% | -5.16% | ||||||||
| 2025 | 3.03% | 0.59% | -8.31% | -3.70% | 6.14% | 8.02% | 2.02% | 1.93% | 6.45% | 3.45% | -0.28% | -1.75% | 17.72% |
| 2024 | 0.23% | 5.72% | 4.53% | -8.78% | 7.63% | 5.18% | 2.41% | 3.52% | 3.27% | -4.12% | 8.52% | -6.46% | 21.89% |
| 2023 | 11.51% | -5.89% | 6.41% | 1.73% | -1.26% | 8.72% | 2.59% | -4.23% | -10.34% | -6.06% | 16.80% | 10.08% | 29.75% |
| 2022 | -8.53% | -4.90% | 2.06% | -15.67% | -1.82% | -11.28% | 12.88% | -7.54% | -15.66% | 6.97% | 10.10% | -9.21% | -38.63% |
| 2021 | -3.13% | 0.83% | 4.11% | 7.92% | 0.69% | 4.74% | 4.77% | 3.74% | -7.52% | 10.46% | 0.05% | 4.88% | 34.84% |
Benchmark Metrics
HEDGEFUNDIE 2x EDV has an annualized alpha of 4.43%, beta of 1.05, and R² of 0.85 versus S&P 500 Index. Calculated based on daily prices since December 14, 2007.
- This portfolio captured 142.30% of S&P 500 Index gains and 117.47% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 4.43% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- With beta of 1.05 and R² of 0.85, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 4.43%
- Beta
- 1.05
- R²
- 0.85
- Upside Capture
- 142.30%
- Downside Capture
- 117.47%
Expense Ratio
HEDGEFUNDIE 2x EDV has an expense ratio of 0.59%, 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.
Return for Risk
Risk / Return Rank
HEDGEFUNDIE 2x EDV ranks 14 for risk / return — in the bottom 14% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.63 | 0.88 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.03 | 1.37 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.39 | -0.42 |
Martin ratioReturn relative to average drawdown | 3.68 | 6.43 | -2.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P500 | 39 | 0.72 | 1.22 | 1.18 | 1.19 | 5.03 |
EDV Vanguard Extended Duration Treasury ETF | 6 | -0.27 | -0.25 | 0.97 | -0.34 | -0.64 |
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Dividends
Dividend yield
HEDGEFUNDIE 2x EDV provided a 2.24% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.24% | 2.17% | 2.18% | 1.45% | 1.47% | 0.80% | 2.07% | 1.55% | 1.51% | 1.27% | 2.19% | 1.89% |
| Portfolio components: | ||||||||||||
SSO ProShares Ultra S&P500 | 0.81% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
EDV Vanguard Extended Duration Treasury ETF | 4.91% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the HEDGEFUNDIE 2x EDV. 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 HEDGEFUNDIE 2x EDV was 59.88%, occurring on Mar 9, 2009. Recovery took 541 trading sessions.
The current HEDGEFUNDIE 2x EDV drawdown is 8.93%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.88% | Dec 26, 2007 | 302 | Mar 9, 2009 | 541 | Apr 29, 2011 | 843 |
| -44.25% | Dec 28, 2021 | 202 | Oct 14, 2022 | 519 | Nov 7, 2024 | 721 |
| -34.22% | Feb 20, 2020 | 22 | Mar 20, 2020 | 54 | Jun 8, 2020 | 76 |
| -26.18% | Dec 9, 2024 | 82 | Apr 8, 2025 | 86 | Aug 12, 2025 | 168 |
| -22.48% | Aug 30, 2018 | 80 | Dec 24, 2018 | 66 | Apr 1, 2019 | 146 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 1.83, 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
| Benchmark | EDV | SSO | Portfolio | |
|---|---|---|---|---|
| Benchmark | 1.00 | -0.25 | 0.99 | 0.91 |
| EDV | -0.25 | 1.00 | -0.25 | 0.08 |
| SSO | 0.99 | -0.25 | 1.00 | 0.92 |
| Portfolio | 0.91 | 0.08 | 0.92 | 1.00 |