Asset Allocation
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in HL MULTI STRAT LONG SHORT ENHANCED, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio HL MULTI STRAT LONG SHORT ENHANCED | — | — | — | — | — | — | — | — |
| Portfolio components: | ||||||||
Monthly Returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.61% | 2.25% | -1.16% | 6.72% | |||||||||
| 2024 | 1.99% | 3.30% | 3.24% | 1.78% | 9.40% | 3.06% | 9.86% | 3.61% | 7.15% | 0.88% | 1.67% | -0.41% | 55.51% |
| 2023 | 2.87% | 1.49% | -0.43% | 1.50% | 3.67% | 4.15% | 5.11% | 3.68% | -1.22% | -0.97% | 10.72% | 3.09% | 38.62% |
| 2022 | -4.43% | -3.69% | 4.88% | 12.06% | 5.74% | 1.55% | 6.74% | 1.12% | 6.00% | -8.51% | 10.57% | 2.54% | 37.87% |
| 2021 | 0.06% | -2.81% | -1.88% | 6.12% | 1.13% | 3.44% | 1.65% | 1.21% | 4.09% | 6.04% | 1.51% | 0.19% | 22.34% |
| 2020 | 5.87% | 9.14% | 1.04% | 4.79% | 7.94% | 10.12% | 14.55% | 11.39% | -7.24% | 2.27% | 3.69% | 6.45% | 94.29% |
Benchmark Metrics
HL MULTI STRAT LONG SHORT ENHANCED has an annualized alpha of 48.54%, beta of 0.09, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This portfolio captured 100.95% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -47.82%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.09 may look defensive, but with R² of 0.01 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.01 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 48.54%
- Beta
- 0.09
- R²
- 0.01
- Upside Capture
- 100.95%
- Downside Capture
- -47.82%
Return for Risk
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Dividends
Dividend yield
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 HL MULTI STRAT LONG SHORT ENHANCED. 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 HL MULTI STRAT LONG SHORT ENHANCED was 11.17%, occurring on Sep 23, 2020. Recovery took 52 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.17% | Sep 3, 2020 | 14 | Sep 23, 2020 | 52 | Dec 7, 2020 | 66 |
| -10.66% | Nov 22, 2021 | 68 | Mar 1, 2022 | 36 | Apr 21, 2022 | 104 |
| -10.29% | Mar 19, 2020 | 10 | Apr 1, 2020 | 8 | Apr 14, 2020 | 18 |
| -9.78% | Sep 28, 2022 | 8 | Oct 7, 2022 | 37 | Nov 30, 2022 | 45 |
| -9.29% | Feb 3, 2023 | 28 | Mar 15, 2023 | 51 | May 26, 2023 | 79 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Asset Correlations Table
| Benchmark | Portfolio | |
|---|---|---|
| Benchmark | 1.00 | 0.30 |
| Portfolio | 0.30 | 1.00 |