HFEA Smoothed

The chart shows the growth of an initial investment of $10,000 in HFEA Smoothed, 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 never rebalanced.

As of Apr 3, 2026, the HFEA Smoothed returned -12.97% Year-To-Date and 15.36% of annualized return in the last 10 years.

Based on dividend-adjusted daily data since Dec 16, 2013, HFEA Smoothed's average daily return is +0.08%, while the average monthly return is +1.65%. At this rate, your investment would double in approximately 3.5 years.

Historically, 62% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +24.6%, while the worst month was Apr 2022 at -23.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HFEA Smoothed closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +24.0%, while the worst single day was Apr 4, 2025 at -15.2%.

HFEA Smoothed has an annualized alpha of 1.23%, beta of 1.58, and R² of 0.71 versus S&P 500 Index. Calculated based on daily prices since December 16, 2013.

• This portfolio captured 216.05% of S&P 500 Index gains and 170.38% of its losses — amplifying both gains and losses, but participating more in upside than downside.
• Beta of 1.58 means this portfolio moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

HFEA Smoothed has an expense ratio of 0.72%, 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.

HFEA Smoothed ranks 15 for risk / return — in the bottom 15% 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.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

HFEA Smoothed Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

• 1-Year: 0.59
• 5-Year: 0.29
• 10-Year: 0.44
• All Time: 0.50

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.98 to 1.66, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of HFEA Smoothed compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

HFEA Smoothed provided a 2.92% dividend yield over the last twelve months.

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.

The table below displays the maximum drawdowns of the HFEA Smoothed. 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 HFEA Smoothed was 61.27%, occurring on Oct 14, 2022. Recovery took 491 trading sessions.

The current HFEA Smoothed drawdown is 17.30%.

The chart below shows the rolling one-month volatility.