Hedge Funds & ETFs
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hedge Funds & ETFs, 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 8, 2017, corresponding to the inception date of PAVE
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 13.20% | -1.28% | 10.32% | 18.23% | 12.31% | 10.58% |
| Hedge Funds & ETFs | 27.15% | 1.90% | 24.17% | 54.91% | 35.12% | N/A |
| Portfolio components: | ||||||
BTC-USD Bitcoin | 55.63% | 6.43% | 64.72% | 124.08% | 47.39% | 60.34% |
SMH VanEck Vectors Semiconductor ETF | 35.28% | -9.63% | 22.97% | 53.86% | 34.43% | 28.86% |
KKR KKR & Co. Inc. | 41.35% | 8.65% | 37.21% | 94.01% | 35.37% | 20.54% |
BX The Blackstone Group Inc. | 8.50% | 12.54% | 15.02% | 37.89% | 27.60% | 21.43% |
AMP Ameriprise Financial, Inc. | 17.10% | 0.81% | 13.64% | 26.47% | 26.56% | 16.38% |
ITB iShares U.S. Home Construction ETF | 13.43% | 14.54% | 15.76% | 30.56% | 25.01% | 18.22% |
XLK Technology Select Sector SPDR Fund | 11.34% | -5.71% | 5.00% | 22.25% | 22.10% | 19.90% |
CG The Carlyle Group Inc. | 15.71% | 16.35% | 14.95% | 37.68% | 17.36% | 9.39% |
JEF Jefferies Financial Group Inc. | 41.00% | 22.07% | 39.35% | 56.47% | 29.45% | 13.00% |
URA Global X Uranium ETF | -2.59% | -6.54% | -8.47% | 29.50% | 23.21% | 1.77% |
PAVE Global X US Infrastructure Development ETF | 11.94% | 4.11% | 12.46% | 20.52% | 19.48% | N/A |
MS Morgan Stanley | 13.18% | 5.89% | 19.91% | 15.26% | 21.58% | 15.08% |
BLK BlackRock, Inc. | 4.37% | 5.31% | 7.19% | 15.60% | 14.75% | 13.08% |
JPM JPMorgan Chase & Co. | 24.84% | 5.94% | 22.04% | 35.60% | 15.76% | 16.65% |
Monthly Returns
The table below presents the monthly returns of Hedge Funds & ETFs, 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 | 1.95% | 11.95% | 5.49% | -7.78% | 8.32% | 2.89% | 27.15% | ||||||
| 2023 | 19.84% | -0.70% | 2.68% | -0.23% | 2.13% | 8.30% | 5.45% | -0.89% | -2.73% | -2.86% | 18.27% | 9.65% | 72.66% |
| 2022 | -5.14% | -3.69% | 0.78% | -14.19% | 4.55% | -17.40% | 15.55% | -7.31% | -10.66% | 10.57% | 5.87% | -9.85% | -31.10% |
| 2021 | 2.21% | 11.44% | 8.28% | 9.10% | -2.04% | 3.22% | 8.08% | 5.65% | -5.71% | 18.57% | 0.17% | -2.03% | 70.46% |
| 2020 | 6.38% | -9.20% | -17.12% | 14.71% | 10.80% | 5.54% | 7.01% | 4.16% | -3.28% | 2.05% | 18.83% | 12.52% | 57.95% |
| 2019 | 11.24% | 4.38% | 3.33% | 11.64% | -0.33% | 15.53% | 3.91% | -2.78% | 2.70% | 6.46% | 2.45% | 3.48% | 80.61% |
| 2018 | 4.83% | -3.96% | -6.71% | 1.33% | 2.16% | 0.26% | 7.56% | 0.44% | 1.11% | -11.22% | -3.09% | -11.67% | -19.08% |
| 2017 | 0.39% | 4.74% | 10.76% | 1.80% | 6.82% | 6.54% | 2.31% | 8.77% | 8.37% | 8.31% | 76.26% |
Expense Ratio
Hedge Funds & ETFs has an expense ratio of 0.09%, 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 Hedge Funds & ETFs is 96, placing it in the top 4% 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 | |
|---|---|---|---|---|---|
BTC-USD Bitcoin | 2.64 | 3.04 | 1.32 | 1.59 | 14.62 |
SMH VanEck Vectors Semiconductor ETF | 2.46 | 3.00 | 1.40 | 2.11 | 16.23 |
KKR KKR & Co. Inc. | 4.27 | 5.75 | 1.70 | 3.88 | 40.18 |
BX The Blackstone Group Inc. | 1.95 | 2.61 | 1.32 | 1.00 | 9.87 |
AMP Ameriprise Financial, Inc. | 2.63 | 3.44 | 1.45 | 2.12 | 17.89 |
ITB iShares U.S. Home Construction ETF | 2.01 | 2.77 | 1.35 | 1.34 | 8.17 |
XLK Technology Select Sector SPDR Fund | 1.38 | 1.88 | 1.25 | 0.77 | 9.75 |
CG The Carlyle Group Inc. | 2.54 | 3.24 | 1.42 | 0.88 | 10.70 |
JEF Jefferies Financial Group Inc. | 4.56 | 5.65 | 1.71 | 4.62 | 32.32 |
URA Global X Uranium ETF | 0.09 | 0.37 | 1.04 | 0.02 | 0.35 |
PAVE Global X US Infrastructure Development ETF | 2.31 | 3.08 | 1.38 | 1.60 | 11.43 |
MS Morgan Stanley | 2.28 | 2.98 | 1.40 | 0.80 | 11.39 |
BLK BlackRock, Inc. | 1.62 | 2.25 | 1.28 | 0.42 | 5.81 |
JPM JPMorgan Chase & Co. | 3.54 | 4.00 | 1.66 | 2.79 | 25.25 |
Dividends
Dividend yield
Hedge Funds & ETFs granted a 0.97% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hedge Funds & ETFs | 0.97% | 1.09% | 2.33% | 1.20% | 1.56% | 2.63% | 3.62% | 2.98% | 3.34% | 5.14% | 3.63% | 3.04% |
| Portfolio components: | ||||||||||||
BTC-USD Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.44% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
KKR KKR & Co. Inc. | 0.57% | 0.78% | 1.31% | 0.77% | 1.31% | 1.71% | 3.23% | 3.18% | 4.16% | 10.13% | 8.75% | 6.66% |
BX The Blackstone Group Inc. | 2.40% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 8.44% | 9.92% | 5.63% | 3.67% |
AMP Ameriprise Financial, Inc. | 1.25% | 1.40% | 1.57% | 1.47% | 2.10% | 2.29% | 3.38% | 1.91% | 2.63% | 2.43% | 1.71% | 1.75% |
ITB iShares U.S. Home Construction ETF | 0.42% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
XLK Technology Select Sector SPDR Fund | 0.71% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
CG The Carlyle Group Inc. | 3.02% | 3.38% | 4.11% | 1.82% | 3.18% | 4.24% | 7.87% | 5.41% | 11.02% | 21.70% | 6.84% | 3.73% |
JEF Jefferies Financial Group Inc. | 2.14% | 2.97% | 3.50% | 2.32% | 2.32% | 2.20% | 2.77% | 1.26% | 1.02% | 1.37% | 1.06% | 0.84% |
URA Global X Uranium ETF | 6.33% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% | 4.28% | 0.54% |
PAVE Global X US Infrastructure Development ETF | 0.61% | 0.68% | 0.84% | 0.48% | 0.44% | 0.67% | 0.78% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
MS Morgan Stanley | 3.28% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% | 0.90% | 0.64% |
BLK BlackRock, Inc. | 2.41% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.06% | 1.95% | 2.41% | 2.56% | 2.16% | 2.12% |
JPM JPMorgan Chase & Co. | 2.11% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% | 2.49% | 2.33% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hedge Funds & ETFs. 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 Hedge Funds & ETFs was 40.12%, occurring on Mar 23, 2020. Recovery took 121 trading sessions.
The current Hedge Funds & ETFs drawdown is 3.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.12% | Feb 15, 2020 | 38 | Mar 23, 2020 | 121 | Jul 22, 2020 | 159 |
| -39.17% | Nov 10, 2021 | 340 | Oct 15, 2022 | 410 | Nov 29, 2023 | 750 |
| -30.68% | Dec 19, 2017 | 372 | Dec 25, 2018 | 137 | May 11, 2019 | 509 |
| -9.65% | Jul 25, 2019 | 22 | Aug 15, 2019 | 28 | Sep 12, 2019 | 50 |
| -9.49% | Sep 20, 2019 | 19 | Oct 8, 2019 | 18 | Oct 26, 2019 | 37 |
Volatility
Volatility Chart
The current Hedge Funds & ETFs volatility is 6.14%, 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
| BTC-USD | URA | ITB | SMH | JPM | XLK | CG | BX | JEF | KKR | MS | BLK | AMP | PAVE | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BTC-USD | 1.00 | 0.15 | 0.11 | 0.16 | 0.10 | 0.16 | 0.13 | 0.14 | 0.13 | 0.14 | 0.13 | 0.13 | 0.13 | 0.15 |
| URA | 0.15 | 1.00 | 0.31 | 0.38 | 0.32 | 0.39 | 0.36 | 0.35 | 0.34 | 0.38 | 0.34 | 0.35 | 0.37 | 0.47 |
| ITB | 0.11 | 0.31 | 1.00 | 0.46 | 0.36 | 0.46 | 0.47 | 0.48 | 0.44 | 0.50 | 0.40 | 0.49 | 0.48 | 0.63 |
| SMH | 0.16 | 0.38 | 0.46 | 1.00 | 0.39 | 0.82 | 0.46 | 0.47 | 0.40 | 0.50 | 0.45 | 0.53 | 0.47 | 0.54 |
| JPM | 0.10 | 0.32 | 0.36 | 0.39 | 1.00 | 0.38 | 0.43 | 0.43 | 0.64 | 0.47 | 0.74 | 0.58 | 0.68 | 0.61 |
| XLK | 0.16 | 0.39 | 0.46 | 0.82 | 0.38 | 1.00 | 0.49 | 0.51 | 0.39 | 0.55 | 0.44 | 0.55 | 0.47 | 0.54 |
| CG | 0.13 | 0.36 | 0.47 | 0.46 | 0.43 | 0.49 | 1.00 | 0.65 | 0.45 | 0.64 | 0.49 | 0.54 | 0.50 | 0.56 |
| BX | 0.14 | 0.35 | 0.48 | 0.47 | 0.43 | 0.51 | 0.65 | 1.00 | 0.44 | 0.67 | 0.49 | 0.54 | 0.51 | 0.55 |
| JEF | 0.13 | 0.34 | 0.44 | 0.40 | 0.64 | 0.39 | 0.45 | 0.44 | 1.00 | 0.49 | 0.68 | 0.55 | 0.64 | 0.63 |
| KKR | 0.14 | 0.38 | 0.50 | 0.50 | 0.47 | 0.55 | 0.64 | 0.67 | 0.49 | 1.00 | 0.52 | 0.56 | 0.54 | 0.59 |
| MS | 0.13 | 0.34 | 0.40 | 0.45 | 0.74 | 0.44 | 0.49 | 0.49 | 0.68 | 0.52 | 1.00 | 0.62 | 0.68 | 0.62 |
| BLK | 0.13 | 0.35 | 0.49 | 0.53 | 0.58 | 0.55 | 0.54 | 0.54 | 0.55 | 0.56 | 0.62 | 1.00 | 0.63 | 0.64 |
| AMP | 0.13 | 0.37 | 0.48 | 0.47 | 0.68 | 0.47 | 0.50 | 0.51 | 0.64 | 0.54 | 0.68 | 0.63 | 1.00 | 0.68 |
| PAVE | 0.15 | 0.47 | 0.63 | 0.54 | 0.61 | 0.54 | 0.56 | 0.55 | 0.63 | 0.59 | 0.62 | 0.64 | 0.68 | 1.00 |