-9.1%
BITO vs CMS
+32.8%
-41.8%
-77.9%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 1990-01-01 to 2026-09-08.
| Period | Portfolio | CMS | Excess | Alpha |
|---|---|---|---|---|
| 1D | -1.9% | +0.5% | -2.3% | -1.9% |
| 7D | +1.5% | +1.2% | +0.3% | +1.4% |
| 30D | +20.0% | -3.2% | +23.2% | +20.4% |
| 3M | +22.8% | -2.2% | +25.0% | +22.8% |
| 6M | +13.1% | -9.4% | +22.5% | +14.4% |
| YTD | -12.5% | +0.7% | -13.1% | -12.9% |
| 1Y | -32.6% | +0.4% | -32.9% | -32.9% |
| 3Y | +151.0% | +35.2% | +115.9% | +130.9% |
| All | -9.1% | +32.8% | -41.8% | -10.9% |
Cumulative growth
Daily Returns
Daily percentage return beside CMS.
Daily Out/Under-Performance
Portfolio return minus CMS return. Positive bars indicate outperformance.
Daily Alpha
Portfolio daily return minus β × CMS return. Early observations use the first valid beta; later observations use the trailing beta estimated for each date.
Cumulative Out/Under-Performance
Relative wealth over 1990-01-01 to 2026-09-08: compounded portfolio wealth divided by compounded CMS wealth, less one. Both series rebase at the selected span's start.
Cumulative Alpha
Compounded beta-adjusted residual returns apply the first valid beta to early observations, then the trailing beta ending on each date.
Updating return analytics…
1990-01-01 to 2026-09-08 analysis · Full analysis span regression · 6 months rolling