Portfolio Performance Data: 24 February 2023

Guatemala tourist bartering with street vendor.

Thus far, February kicked the bullish air out of the January balloon.  A few of the ITA portfolios managed to claw back into positive territory in January, only to fall back into the red in February.  This information is based on the last 13.5 months of data.  Nevertheless, each investment style with exception of the Dual Momentum™ model continues to outperform the S&P 500 when measured using SPY as the surrogate.

ITA Performance Data

A few changes from the last performance blog are worth taking note.  Before explaining the changes, the annualized IRR data is accurate as of 2/24/2023.  The remaining risk ratio data is accurate as of the date shown in the third column from the right.

• The different investment models are separated into their specific investment styles.
  • Bethe and Bohr are growth and income portfolios.
  • Copernicus is strictly growth where we invest in U.S. Equities and plan to hold regardless of market conditions.
  • Schrodinger is the computer managed portfolio housed with Schwab.  This is a “Couch Potato” portfolio.
  • McClintock and Pauling are the two Dual Momentum™ portfolios.
  • Einstein and Kepler are Relative Strength or Relative Momentum portfolios.
  • Carson, Franklin, Gauss, and Millikan are the four Sector BPI portfolios.  The Sector BPI model is new and unique to the ITA website.  This model is still in the “hypothesis” stage of testing.
  • Curie, Huygens, and Newton are income portfolios where the income is generated using Closed-End-Funds (CEFs).

In the three columns, IRR Rank, Jensen Risk Rank, and Total Relative Weight Rank, each portfolio is compared with the Schrodinger.  Those portfolios with the dark green background are outperforming the Schrodinger.

The Topping Benchmark column indicates if the portfolio is outperforming the AOA benchmark.  Only the Pauling and Kepler portfolios are falling short.  These are also the only two portfolios failing to outperform the S&P 500 over the past 13.5 months.

The last column on the right shows the annualized Internal Rate of Return (IRR) for each investing model.  Only the Copernicus model is besting the Schrodinger.

If you need further explanation, post your questions and comments in the Comment section provided below.

ITA Portfolios: Summarizing Investing Approaches