Explorer Leveraged Net Long

Explorer Accounts: U.S. Equity

Summary

The Explorer Leveraged Net Long Account seeks income by establishing both long and short positions in securities. The portfolio manager typically takes long positions in securities that have been identified as attractive, and short positions in securities that have been identified as overvalued. The account typically holds long positions in securities with an aggregate value of up to 130% of its net assets. In addition, it will will establish short positions in securities with a market value of up to 30% of its net assets. The net long exposure thus remains 100%, but it is a leveraged exposure.

Benchmark: S&P 500

Core Facts

Asset Class U.S. Equity
Category Leveraged Net Long
Expense Ratio [1] 0.0%
Commissions [2] 0.0%
Fee [3] 0.35%
Minimum investment [4] $1000 US
Account number E070
Account manager Galleon Wealth Management
Region North America/US
Market Developed

Capitalization

Value

Blend

Growth
LG
MD

SM

Style

Portfolio composition by security (top holdings)

Top Holdings

Company NameForward Annual Div Yield
Direxion Daily Technology Bull 3X Shares0.25%
ProShares UltraPro QQQ0.06%
ProShares UltraPro S&P5000.41%
ProShares Ultra S&P5000.50%
Direxion Daily Russia Bull 3X Shares1.33%

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 Date1/1/12
End Date12/31/19
Initial Balance$10,000.00
Periodic AdjustmentNone
RebalancingRebalance quarterly
Reinvest DividendsYes
BenchmarkSPDR S&P 500 ETF Trust
Portfolio Performance
MetricExplorer Leveraged Net LongSPDR S&P 500 ETF Trust
Start Balance$10,000.00$10,000.00
End Balance$102,937.00$30,097.00
End Balance (inflation adjusted)$90,398.00$26,431.00
CAGR33.84%14.77%
CAGR (inflation adjusted)31.68%12.92%
Stdev36.77%10.98%
Best Year125.00%32.31%
Worst Year-22.82%-4.56%
Max. Drawdown-38.37%-13.52%
Sharpe Ratio0.961.25
Sortino Ratio1.692.06
US Stock Market Correlation0.911
Risk and Return Metrics
MetricExplorer Leveraged Net LongSPDR S&P 500 ETF Trust
Arithmetic Mean (monthly)3.01%1.20%
Arithmetic Mean (annualized)42.70%15.45%
Geometric Mean (monthly)2.46%1.15%
Geometric Mean (annualized)33.84%14.77%
Volatility (monthly)10.62%3.17%
Volatility (annualized)36.77%10.98%
Downside Deviation (monthly)6.02%1.90%
Max. Drawdown-38.37%-13.52%
US Market Correlation0.911
Beta (*)3.081
Alpha (annualized)-8.40%0.00%
R Squared84.47%100.00%
Sharpe Ratio0.961.25
Sortino Ratio1.692.06
Treynor Ratio (%)11.513.78
Calmar Ratio1.141.12
Active Return19.07%N/A
Tracking Error27.03%N/A
Information Ratio0.71N/A
Skewness0-0.65
Excess Kurtosis0.30.98
Historical Value-at-Risk (5%)-16.06%-6.02%
Analytical Value-at-Risk (5%)-14.55%-4.01%
Conditional Value-at-Risk (5%)-20.48%-7.04%
Upside Capture Ratio (%)337.87100
Downside Capture Ratio (%)322100
Safe Withdrawal Rate35.21%21.73%
Perpetual Withdrawal Rate24.06%11.44%
Positive Periods65 out of 96 (67.71%)72 out of 96 (75.00%)
Gain/Loss Ratio0.980.86
(*) SPDR S&P 500 ETF Trust is used as the benchmark for calculations. Value-at-risk metrics are based on monthly values.
Asset Allocation
CategoryWeight
US Stocks177.08%
Intl Stocks8.84%
US Bonds0.00%
Intl Bonds0.00%
Other0.72%
Cash-86.64%
Equity Market Capitalization
CategoryWeight
Large Cap87.62%
Mid Cap12.12%
Small Cap0.26%
Stock Sectors
CategoryWeight
Basic Materials4.81%
Consumer Cyclical0.00%
Financial Services12.92%
Real Estate0.00%
Consumer Defensive1.50%
Healthcare0.00%
Utilities0.49%
Communication Services2.44%
Energy9.12%
Industrials2.06%
Technology66.66%
Drawdowns (worst 10)
RankStartEndLengthRecovery ByRecovery TimeUnderwater PeriodDrawdown
1Oct-18Dec-183 monthsJun-196 months9 months-38.37%
2Jun-15Feb-169 monthsSep-167 months1 year 4 months-32.92%
3Apr-12May-122 monthsMar-1310 months1 year-28.19%
4Feb-18Apr-183 monthsSep-185 months8 months-21.26%
5Dec-14Jan-152 monthsFeb-151 month3 months-18.78%
6Jan-14Jan-141 monthMay-144 months5 months-13.16%
7Mar-15Mar-151 monthApr-151 month2 months-9.28%
8Aug-19Aug-191 monthOct-192 months3 months-8.33%
9Jun-13Jun-131 monthJul-131 month2 months-6.07%
10Sep-14Sep-141 monthNov-142 months3 months-5.40%
Rolling Returns
YearExplorer Leveraged Net Long 3-year annualized returnExplorer Leveraged Net Long 5-year annualized returnExplorer Leveraged Net Long 7-year annualized returnSPDR S&P 500 ETF Trust 3-year annualized returnSPDR S&P 500 ETF Trust 5-year annualized returnSPDR S&P 500 ETF Trust 7-year annualized return
201435.20%N/AN/A20.31%N/AN/A
201519.85%N/AN/A14.98%N/AN/A
201612.01%28.29%N/A8.77%14.58%N/A
201733.86%33.32%N/A11.34%15.68%N/A
201823.59%13.09%24.26%9.17%8.37%12.59%
201943.62%33.03%32.88%15.08%11.57%14.59%