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AlphaClone Alternative Alpha ETF (ALFA)

ETF · Currency in USD · Last updated Aug 6, 2022

ALFA is a passive ETF by Exchange Traded Concepts tracking the investment results of the AlphaClone Hedge Fund Masters Index. ALFA launched on May 31, 2012 and has a 0.65% expense ratio.

ETF Info

ISINUS26922A3059
CUSIP26922A305
IssuerExchange Traded Concepts
Inception DateMay 31, 2012
RegionNorth America (U.S.)
CategoryAll Cap Equities
Expense Ratio0.65%
Index TrackedAlphaClone Hedge Fund Masters Index
Asset ClassEquity

Asset Class Size

Multi-Cap

Asset Class Style

Growth

Trading Data

Previous Close$62.23
Year Range$51.25 - $89.71
EMA (50)$57.59
EMA (200)$67.47
Average Volume$3.15K

ALFAShare Price Chart


Chart placeholderClick Calculate to get results

ALFAPerformance

The chart shows the growth of $10,000 invested in AlphaClone Alternative Alpha ETF in Jun 2012 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $25,536 for a total return of roughly 155.36%. All prices are adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%MarchAprilMayJuneJulyAugust
-10.23%
-7.55%
ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)

ALFAReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M16.38%8.19%
6M-7.34%-7.42%
YTD-20.23%-13.03%
1Y-27.32%-5.85%
5Y9.10%11.11%
10Y9.10%11.79%

ALFAMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2022-11.63%-1.41%3.46%-13.44%-0.64%-12.98%12.56%5.05%
20212.57%1.94%-6.07%4.75%-2.05%9.38%0.16%2.89%-4.85%6.11%-6.75%-4.96%
20200.69%-8.06%-18.55%16.40%6.28%3.85%7.52%8.13%-2.31%-0.66%13.56%5.77%
20199.84%4.70%3.56%4.82%-5.78%5.58%1.64%0.16%1.56%3.18%3.86%1.10%
20187.64%-2.37%-3.40%1.61%5.57%0.99%0.15%8.19%0.13%-11.15%2.71%-9.03%
20173.81%4.16%-0.13%2.00%0.61%1.75%2.92%0.56%1.14%1.59%1.97%-0.53%
2016-7.20%-0.75%-2.87%-1.43%2.87%-1.65%5.98%-0.23%1.67%-3.78%1.39%0.34%
2015-1.70%6.99%1.59%-1.29%3.51%-2.62%2.49%-8.13%-4.88%-5.68%-0.84%-0.61%
2014-0.45%5.12%-3.43%-2.37%1.13%4.37%-3.72%7.01%-1.14%1.50%4.86%-0.32%
20135.38%1.43%3.22%1.01%4.65%-3.18%6.73%-1.90%6.49%1.85%4.14%2.12%
20123.78%2.59%3.96%2.39%-2.20%-0.68%2.01%

ALFASharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AlphaClone Alternative Alpha ETF Sharpe ratio is -0.87. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.00MarchAprilMayJuneJulyAugust
-0.87
-0.31
ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)

ALFADividend History

AlphaClone Alternative Alpha ETF granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM2021202020192018201720162015201420132012
Dividend$0.00$0.00$0.37$0.09$0.11$0.00$0.00$0.00$0.00$0.39$0.06

Dividend yield

0.00%0.00%0.48%0.16%0.26%0.00%0.00%0.00%0.01%1.04%0.22%

ALFADrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-40.00%-30.00%-20.00%-10.00%0.00%SeptemberOctoberNovemberDecember2022FebruaryMarchAprilMayJuneJulyAugust
-30.63%
-13.58%
ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)

ALFAWorst Drawdowns

The table below shows the maximum drawdowns of the AlphaClone Alternative Alpha ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AlphaClone Alternative Alpha ETF is 42.87%, recorded on Jun 16, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-42.87%Nov 5, 2021154Jun 16, 2022
-39.62%Feb 20, 202023Mar 23, 202093Aug 5, 2020116
-31.78%May 28, 2015274Jun 27, 2016417Mar 12, 2018691
-22.58%Aug 30, 201880Dec 24, 201867Apr 2, 2019147
-19.13%Feb 16, 202162May 13, 202174Aug 27, 2021136
-11.3%Sep 2, 20207Sep 11, 202018Oct 7, 202025
-10.74%Mar 13, 201817Apr 6, 201832May 22, 201849
-10.19%Sep 19, 201417Oct 13, 201421Nov 11, 201438
-10.18%Mar 7, 201427Apr 14, 201492Aug 25, 2014119
-9.61%Sep 7, 202120Oct 4, 202123Nov 4, 202143

ALFAVolatility Chart

Current AlphaClone Alternative Alpha ETF volatility is 22.92%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%20.00%30.00%40.00%50.00%60.00%MarchAprilMayJuneJulyAugust
22.92%
19.67%
ALFA (AlphaClone Alternative Alpha ETF)
Benchmark (^GSPC)