Index
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | Leveraged Equities, Innovation | 25% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | Leveraged Equities, Leveraged | 25% |
TQQQ ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Index, 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 Aug 18, 2021, corresponding to the inception date of BULZ
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 19.55% | 1.45% | 8.95% | 31.70% | 13.79% | 11.17% |
| Index | 33.31% | 2.36% | 9.82% | 105.84% | N/A | N/A |
| Portfolio components: | ||||||
TQQQ ProShares UltraPro QQQ | 39.35% | 2.56% | 12.40% | 99.19% | 35.50% | 35.04% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 15.27% | 2.57% | 10.18% | 85.39% | -29.20% | N/A |
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 28.11% | 1.58% | -3.22% | 120.12% | N/A | N/A |
Monthly Returns
The table below presents the monthly returns of Index, 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 | 2.05% | 20.52% | -1.59% | -19.86% | 16.10% | 19.20% | -1.82% | 0.04% | 33.31% | ||||
| 2023 | 35.16% | -7.36% | 22.30% | 0.94% | 24.64% | 12.81% | 9.76% | -9.70% | -17.90% | -12.34% | 39.56% | 25.67% | 171.92% |
| 2022 | -32.67% | -16.18% | 5.26% | -43.36% | -14.45% | -21.79% | 37.17% | -14.20% | -29.31% | 6.65% | 10.54% | -23.06% | -83.01% |
| 2021 | 18.89% | -16.42% | 17.68% | -0.67% | -4.80% | 10.57% |
Expense Ratio
Index has a high expense ratio of 0.99%, indicating higher-than-average management fees. 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 rank of Index is 17, indicating that it is in the bottom 17% 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 | |
|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 1.66 | 2.10 | 1.28 | 1.36 | 7.48 |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.88 | 1.64 | 1.19 | 0.77 | 2.89 |
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 1.48 | 1.93 | 1.26 | 1.23 | 5.94 |
Dividends
Dividend yield
Index granted a 0.61% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Index | 0.61% | 0.72% | 0.28% | 0.00% | 0.00% | 0.10% | 0.22% | 0.04% | 0.00% | 0.01% | 0.01% |
| Portfolio components: | |||||||||||
TQQQ ProShares UltraPro QQQ | 1.03% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
LABU Direxion Daily S&P Biotech Bull 3x Shares | 0.37% | 0.35% | 0.00% | 0.00% | 0.00% | 0.28% | 0.64% | 0.17% | 0.00% | 0.00% | 0.00% |
BULZ MicroSectors Solactive FANG & Innovation 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 Index. 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 Index was 87.05%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current Index drawdown is 48.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -87.05% | Nov 5, 2021 | 288 | Dec 28, 2022 | — | — | — |
| -22.48% | Sep 3, 2021 | 21 | Oct 4, 2021 | 21 | Nov 2, 2021 | 42 |
| -1.45% | Aug 26, 2021 | 1 | Aug 26, 2021 | 1 | Aug 27, 2021 | 2 |
| -0.5% | Aug 19, 2021 | 1 | Aug 19, 2021 | 1 | Aug 20, 2021 | 2 |
| -0.32% | Aug 31, 2021 | 1 | Aug 31, 2021 | 1 | Sep 1, 2021 | 2 |
Volatility
Volatility Chart
The current Index volatility is 18.78%, 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
| LABU | BULZ | TQQQ | |
|---|---|---|---|
| LABU | 1.00 | 0.55 | 0.56 |
| BULZ | 0.55 | 1.00 | 0.97 |
| TQQQ | 0.56 | 0.97 | 1.00 |