New York (HedgeCoVest.Com) – The S&P gained 0.16% last week and that was the fourth straight week of gains for the index. The portfolios on the HedgeCoVest platform did well last week as well as all six of the mock portfolios outpaced the overall market. A mock portfolio invested equally across all the single-strategy models would have gained 0.21% last week, a portfolio invested equally among the top 10 models would have gained 0.36% and a portfolio invested in the top five models would have gained 0.70%.
| Portfolio | Return Week of 5/11/15-5/15/15 | Year To Date Return |
|---|---|---|
| Top 5 HedgeCoVest Models | 0.70% | 8.10% |
| Top 10 HedgeCoVest Models | 0.36% | 4.96% |
| All HedgeCoVest Models | 0.21% | 4.10% |
| S&P 500 | 0.16% | 3.27% |
The performance from last week allowed the YTD numbers to continue outpacing the overall market with the all-model portfolio up 4.1% on the year while a portfolio invested equally across the top 10 models is up 4.96% on the year. The mock portfolio invested in the top five models would be up 8.1% YTD.
*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. This comparison is using mock 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 composite models also experienced positive returns last week with all three mock portfolios gaining more ground than the overall market. A portfolio invested in the long-only composite models would have gained 0.5%, a portfolio invested in the long/short composite models would have gained 0.74% and a portfolio invested equally across the short-only models would have gained 0.36%.
| Portfolio | Return Week of 5/11/15-5/15/15 | Year To Date Return |
|---|---|---|
| HedgeCoVest Composite Long-Only Models | 0.50% | 8.14% |
| HedgeCoVest Composite Long/Short Models | 0.74% | 3.92% |
| HedgeCoVest Composite Short-Only Models | 0.36% | -3.03% |
| S&P 500 | 0.16% | 3.27% |
The YTD performance numbers show that the long-only portfolio and the long/short portfolio are both ahead of the overall market for the year while the short-only portfolio is down 3.03% and lagging the overall market. The top two performing composite models for the past week were the HedgeCoVest Basic Materials Short-only model and the HedgeCoVest Basic Materials Long/Short model with gains of 2.51% and 2.15% respectively. For comparative purposes, the Materials Select Sector SPDR (NYSE: XLB) was down 0.76% last week.
*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. This comparison is using mock 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.
