SMMT
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 26% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | Ultrashort Bond | 26% |
SMMT Summit Therapeutics Inc. | Healthcare | 22% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | Government Bonds | 26% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SMMT, 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 Mar 5, 2015, corresponding to the inception date of SMMT
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 17.79% | 0.18% | 7.53% | 26.42% | 13.48% | 10.85% |
| SMMT | 104.42% | 30.61% | 88.12% | 127.46% | 34.31% | N/A |
| Portfolio components: | ||||||
SMMT Summit Therapeutics Inc. | 841.00% | 99.51% | 591.83% | 1,220.43% | 75.96% | N/A |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 6.49% | 0.75% | 4.25% | 9.50% | 4.48% | 3.78% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 3.87% | 0.31% | 2.51% | 5.29% | 2.41% | 2.27% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 3.82% | 0.43% | 2.61% | 5.37% | 2.17% | 1.48% |
Monthly Returns
The table below presents the monthly returns of SMMT, 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 | 10.85% | 4.82% | -2.84% | -0.82% | 27.89% | -3.62% | 8.89% | 6.00% | 104.42% | ||||
| 2023 | -2.32% | -7.41% | 1.02% | -5.26% | 4.64% | 12.25% | -3.10% | -3.88% | 2.80% | 1.16% | 1.59% | 7.96% | 8.00% |
| 2022 | -4.14% | 4.66% | -2.49% | -7.41% | -2.74% | -2.99% | 0.47% | 4.59% | -0.48% | -1.78% | -5.27% | 83.99% | 53.02% |
| 2021 | 10.24% | -0.71% | -3.71% | 2.02% | 5.56% | -1.26% | -0.38% | 1.96% | -8.30% | 0.65% | -0.39% | -10.25% | -6.06% |
| 2020 | -0.76% | -2.15% | 12.72% | 13.93% | 2.88% | -8.11% | 5.01% | -0.99% | 0.09% | -1.02% | 8.09% | 1.79% | 33.61% |
| 2019 | 3.61% | 17.09% | -6.88% | -0.41% | -2.81% | -3.21% | 1.17% | 0.40% | 7.29% | -1.84% | -1.95% | 1.68% | 12.86% |
| 2018 | 5.51% | -3.72% | 2.48% | 0.34% | 0.69% | -17.85% | -1.21% | 0.65% | -1.03% | -5.02% | -4.11% | -2.42% | -24.43% |
| 2017 | 5.21% | 4.57% | 2.25% | -3.78% | 0.47% | 0.56% | 5.11% | -1.98% | -0.37% | -3.75% | 2.74% | -1.10% | 9.79% |
| 2016 | -4.94% | -4.56% | 0.15% | 10.14% | -3.87% | -1.41% | -2.71% | -0.99% | 7.11% | 6.55% | -2.86% | -4.09% | -2.85% |
| 2015 | 4.55% | -3.15% | -0.08% | 0.23% | 5.05% | -2.40% | -2.84% | -0.70% | 0.58% | 2.19% | 3.10% |
Expense Ratio
SMMT has an expense ratio of 0.14%, which is considered low compared to other funds. 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 risk-adjusted rank of SMMT is 89, placing it in the top 11% 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 | |
|---|---|---|---|---|---|
SMMT Summit Therapeutics Inc. | 4.22 | 6.41 | 1.87 | 14.03 | 76.91 |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 9.25 | 28.22 | 11.47 | 74.96 | 369.12 |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 14.92 | 55.54 | 13.82 | 89.26 | 749.80 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 20.80 | 483.88 | 484.88 | 496.75 | 7,885.59 |
Dividends
Dividend yield
SMMT granted a 4.64% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SMMT | 4.64% | 4.45% | 1.87% | 0.69% | 1.24% | 2.20% | 1.89% | 1.23% | 0.81% | 0.66% | 0.66% | 0.44% |
| Portfolio components: | ||||||||||||
SMMT Summit Therapeutics Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.22% | 7.09% | 4.07% | 2.66% | 4.05% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% | 2.56% | 1.69% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.39% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.23% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 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 SMMT. 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 SMMT was 40.92%, occurring on Dec 1, 2022. Recovery took 12 trading sessions.
The current SMMT drawdown is 12.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.92% | Feb 9, 2021 | 458 | Dec 1, 2022 | 12 | Dec 19, 2022 | 470 |
| -30.47% | Sep 12, 2017 | 328 | Dec 31, 2018 | 323 | Apr 14, 2020 | 651 |
| -17.61% | Jan 5, 2023 | 79 | Apr 28, 2023 | 36 | Jun 21, 2023 | 115 |
| -15.38% | May 8, 2024 | 14 | May 28, 2024 | 2 | May 30, 2024 | 16 |
| -14.91% | Aug 5, 2015 | 282 | Sep 15, 2016 | 13 | Oct 4, 2016 | 295 |
Volatility
Volatility Chart
The current SMMT volatility is 22.57%, 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
| SMMT | ENIAX | USFR | BIL | |
|---|---|---|---|---|
| SMMT | 1.00 | 0.04 | -0.01 | 0.00 |
| ENIAX | 0.04 | 1.00 | 0.04 | 0.05 |
| USFR | -0.01 | 0.04 | 1.00 | 0.17 |
| BIL | 0.00 | 0.05 | 0.17 | 1.00 |