+256.9%
HL vs GAP
+31.2%
+225.7%
-82.4%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 10y.
| Period | Portfolio | GAP | Excess | Alpha |
|---|---|---|---|---|
| 1D | -1.2% | +2.9% | -4.1% | -1.7% |
| 7D | -4.4% | -4.1% | -0.3% | -3.7% |
| 30D | +9.3% | +6.2% | +3.1% | +7.9% |
| 3M | +32.0% | -0.7% | +32.7% | +31.5% |
| 6M | -6.4% | -7.1% | +0.7% | -6.3% |
| YTD | +3.1% | -14.1% | +17.2% | +4.4% |
| 1Y | +77.6% | -8.5% | +86.1% | +77.6% |
| 3Y | +392.8% | +115.4% | +277.5% | +309.9% |
| 5Y | +234.1% | +9.8% | +224.3% | +193.9% |
| All | +256.9% | +31.2% | +225.7% | +155.7% |
Cumulative growth
Daily Returns
Daily percentage return beside GAP.
Daily Out/Under-Performance
Portfolio return minus GAP return. Positive bars indicate outperformance.
Daily Alpha
Portfolio daily return minus β × GAP 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 10y: compounded portfolio wealth divided by compounded GAP 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…
10y analysis · Full analysis span regression · 6 months rolling