New York (HedgeCo.net) – The S&P lost 0.4% last week as the uncertainty surrounding Greece took its toll on stocks in the latter half of the week. The index lost ground in each of the last three trading days and it is worth noting that there have only been four streaks with four or more down days in a row so far in 2015.
The HedgeCoVest models held up relatively well in a volatile week with the Top Five Portfolio only dropping 0.05%. The Top 10 Portfolio fell 0.38%, slightly less than the overall market, while the All Models Portfolio was down 0.71% on the week.
| Portfolio | Return Week of 6/22/15-6/26/15 | Year To Date Return |
|---|---|---|
| Top 5 HedgeCoVest Models | -0.05% | 6.94% |
| Top 10 HedgeCoVest Models | -0.38% | 3.22% |
| All HedgeCoVest Models | -0.71% | 2.17% |
| S&P 500 | -0.40% | 2.08% |
From a YTD perspective, all three HedgeCoVest portfolios continue to outpace the market with the Top Five Portfolio gaining 6.94%. The Top 10 Portfolio shows a respectable 3.22% while the All Models Portfolio shows a return of 2.17%.
* This comparison is using simulated portfolios of the top five performing models, the top ten performing models and all models on the HedgeCoVest platform. For a complete list of all models and their performance, please visit the platform. The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Returns are historical and based on data believed to be accurate and reliable.
Turning our attention to the HedgeCoVest Composite models, once again we see two out of the three portfolios outperforming the overall market on the week. The Short-Only Portfolio gained 1.17% on the week and the Long/Short Portfolio only lost 0.29%. The Long-Only Portfolio had a tough week with a loss of 1.26%. The top performing model for the week was the latest composite model added to the platform. The HedgeCoVest Technology Short-Only model returned 2.42% on the week and it was followed closely by another short-only model, the HedgeCoVest Industrial Short-Only model, which gained 2.12% on the week.
| Portfolio | Return Week of 6/22/15-6/26/15 | Year To Date Return |
|---|---|---|
| HedgeCoVest Composite Long-Only Models | -1.26% | 6.86% |
| HedgeCoVest Composite Long/Short Models | -0.29% | 4.37% |
| HedgeCoVest Composite Short-Only Models | 1.17% | -1.30% |
| S&P 500 | -0.40% | 2.08% |
Looking at the YTD chart, you can see how the Short-Only Portfolio has turned higher recently while the S&P and the Long-Only Portfolio have turned lower. The Long/Short Portfolio continues to show much less volatility than the other portfolios.
* This comparison is using simulated portfolios of the composite models on the HedgeCoVest platform. For a complete list of all models and their performance, please visit the platform. The information contained herein does not suggest or imply and should not be construed, in any manner, a guarantee of future performance and/or investment advice. Past performance does not guarantee future results. Returns are historical and based on data believed to be accurate and reliable.
Rick Pendergraft
Research Analyst
HedgeCoVest
