+654.4%
HBM vs TAP
+54.3%
+600.0%
-92.2%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 1990-01-01 to 2026-09-08.
| Period | Portfolio | TAP | Excess | Alpha |
|---|---|---|---|---|
| 1D | +5.8% | -4.1% | +9.8% | +7.7% |
| 7D | +7.4% | -2.3% | +9.7% | +8.4% |
| 30D | +5.1% | -9.4% | +14.5% | +9.6% |
| 3M | +11.1% | -0.8% | +11.9% | +9.8% |
| 6M | +30.2% | -14.7% | +45.0% | +37.6% |
| YTD | +46.2% | -13.9% | +60.2% | +52.9% |
| 1Y | +120.0% | -18.6% | +138.7% | +135.4% |
| 3Y | +527.4% | -32.0% | +559.4% | +614.0% |
| 5Y | +400.4% | -1.0% | +401.4% | +350.4% |
| 10Y | +621.5% | -51.4% | +672.9% | +791.1% |
| All | +654.4% | +54.3% | +600.0% | +324.8% |
Cumulative growth
Daily Returns
Daily percentage return beside TAP.
Daily Out/Under-Performance
Portfolio return minus TAP return. Positive bars indicate outperformance.
Daily Alpha
Portfolio daily return minus β × TAP 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 TAP 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