Voyager Europe Stock

Voyager Accounts: International Equity

Summary

The Voyager Europe Stock Account invests at least 70% of total assets in equities and invest at least 75% of stock assets in Europe. The portfolio manager focuses on the region’s larger and more developed markets, including Britain, the Netherlands, Germany, France, and Switzerland. The account may also include stocks from the region’s smaller markets, including the emerging markets of eastern Europe. The primary goal is long-term capital appreciation vs. current income.

Benchmark: S&P Europe BMI (USD)

Core Facts

Asset Class International Equity
Category Europe Stock
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.40%
Minimum investment [4] $1000 US
Account number IE098
Account manager Galleon Wealth Management
Region Global
Market Developed

Capitalization

Value

Blend

Growth
LG
MD


SM


Style

Portfolio composition by security (top holdings)

Top Holdings

Company NameForward Annual Div Yield1yr Target EstEPS Est Next YearForward P/E
LVMH Moet Hennessy - Louis Vuitton, Societe Europeenne1.44%319.9213.9031.59
ASML Holding N.V.0.78%294.258.9833.42
SAP SE1.23%---
AstraZeneca PLC2.84%78.833.8220.62
Nestle S.A.2.34%87.75--
Rogers Corporation-166.676.4020.91
The Unilever Group3.17%70.002.4423.50
Sanofi3.35%82.625.7616.01
TOTAL S.A.5.41%68.275.978.12
Siemens Aktiengesellschaft3.36%---

Overall Risk

The risk rating is based on the account’s past performance as compared to mutual funds and/or ETFs within the same category. It represents a starting point from which investors evaluate if the core makes sense for their own risk tolerance, suitability, goals and objectives. It is not a buy or sell recommendation. There are many types of risk, including interest rate, market, political, and currency. Each type of risk can affect the value of the securities in your account.

Overview       
Start Date1/1/15
End Date12/31/19
Initial Balance$10,000
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkiShares Core MSCI Europe ETF
Portfolio Performance
MetricVoyager Europe StockiShares Core MSCI Europe ETF
Start Balance$10,000 $10,000
End Balance$17,288 $13,280
End Balance (inflation adjusted)$15,797 $12,135
CAGR11.57%5.84%
CAGR (inflation adjusted)9.58%3.95%
Stdev12.68%12.76%
Best Year38.18%26.73%
Worst Year-7.64%-14.84%
Max. Drawdown-15.11%-19.41%
Sharpe Ratio0.850.43
Sortino Ratio1.360.64
US Stock Market Correlation0.810.78
Risk and Return Metrics
MetricVoyager Europe StockiShares Core MSCI Europe ETF
Arithmetic Mean (monthly)0.98%0.54%
Arithmetic Mean (annualized)12.45%6.69%
Geometric Mean (monthly)0.92%0.47%
Geometric Mean (annualized)11.57%5.84%
Volatility (monthly)3.66%3.68%
Volatility (annualized)12.68%12.76%
Downside Deviation (monthly)2.25%2.39%
Max. Drawdown-15.11%-19.41%
US Market Correlation0.810.78
Beta (*)0.881
Alpha (annualized)6.06%0.00%
R Squared79.01%100.00%
Sharpe Ratio0.850.43
Sortino Ratio1.360.64
Treynor Ratio (%)12.175.45
Calmar Ratio1.520.54
Active Return5.73%N/A
Tracking Error6.00%N/A
Information Ratio0.96N/A
Skewness-0.43-0.29
Excess Kurtosis-0.29-0.68
Historical Value-at-Risk (5%)-6.52%-5.97%
Analytical Value-at-Risk (5%)-5.00%-5.52%
Conditional Value-at-Risk (5%)-6.90%-6.83%
Upside Capture Ratio (%)99.39100
Downside Capture Ratio (%)66.87100
Safe Withdrawal Rate23.67%21.13%
Perpetual Withdrawal Rate8.74%3.79%
Positive Periods41 out of 60 (68.33%)34 out of 60 (56.67%)
Gain/Loss Ratio0.891.09
(*) iShares Core MSCI Europe ETF is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Portfolio Returns Based Style Analysis
Style CategoryVoyager Europe StockiShares Core MSCI Europe ETF
Large-cap Value3.63%0.00%
Large-cap Growth11.67%0.00%
Mid-cap Value0.00%0.00%
Mid-cap Growth0.00%0.00%
Small-cap Value11.69%0.00%
Small-cap Growth0.00%0.00%
Global ex-US Developed Markets68.14%100.00%
Emerging Markets0.00%0.00%
REITs0.37%0.00%
Corporate Bonds0.00%0.00%
Long-Term Treasuries4.50%0.00%
Intermediate-Term Treasuries0.00%0.00%
Short-Term Treasuries0.00%0.00%
R Squared79.71%95.39%
Style analysis is based on monthly returns from Jan 2015 to Dec 2019 and uses total portfolio return with monthly rebalancing. Returns based style analysis aims to explain the portfolio returns based on asset class exposures, it does not identify the actual portfolio holdings.
Asset Allocation
CategoryWeight
US Stocks20.00%
Intl Stocks80.00%
US Bonds0.00%
Intl Bonds0.00%
Other0.00%
Cash0.00%
Equity Market Capitalization
CategoryWeight
Large Cap90.00%
Mid Cap10.00%
Small Cap0.00%
Stock Sectors
CategoryWeight
Basic Materials22.22%
Consumer Cyclical0.00%
Financial Services11.11%
Real Estate0.00%
Consumer Defensive0.00%
Healthcare22.22%
Utilities0.00%
Communication Services0.00%
Energy22.22%
Industrials0.00%
Technology22.22%
Drawdowns
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1May-15Feb-1610 monthsDec-1610 months1 year 8 months-15.11%
2Oct-18Dec-183 monthsMar-193 months6 months-12.03%
3Feb-18Feb-181 monthJul-185 months6 months-7.37%
4May-19May-191 monthJun-191 month2 months-4.67%
5Jul-19Aug-192 monthsOct-192 months4 months-4.61%
6Mar-15Mar-151 monthApr-151 month2 months-2.47%
7Jan-15Jan-151 monthFeb-151 month2 months-1.44%
8Jun-17Jun-171 monthJul-171 month2 months-0.65%
9Nov-19Nov-191 monthDec-191 month2 months-0.34%
Drawdowns
YearVoyager Europe Stock 3-year annualized returnVoyager Europe Stock 5-year annualized returniShares Core MSCI Europe ETF 3-year annualized returniShares Core MSCI Europe ETF 5-year annualized return
201713.06%N/A7.67%N/A
201813.58%N/A2.37%N/A
201918.23%11.57%10.48%5.84%