-93.8%
MERC vs SPY
+318.9%
-412.6%
-97.7%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 10y.
| Period | Portfolio | SPY | Excess | Alpha |
|---|---|---|---|---|
| 1D | -0.8% | -0.6% | -0.2% | -0.2% |
| 7D | +4.7% | -2.0% | +6.7% | +6.8% |
| 30D | -24.6% | -1.7% | -23.0% | -23.4% |
| 3M | -55.7% | +4.7% | -60.4% | -57.5% |
| 6M | -77.4% | +12.5% | -89.9% | -79.9% |
| YTD | -81.0% | +11.7% | -92.7% | -82.9% |
| 1Y | -87.6% | +17.5% | -105.1% | -89.4% |
| 3Y | -95.1% | +76.6% | -171.7% | -97.1% |
| 5Y | -96.1% | +82.0% | -178.2% | -97.8% |
| All | -93.8% | +318.9% | -412.6% | -98.4% |
Cumulative growth
Daily Returns
Daily percentage return beside SPY.
Daily Out/Under-Performance
Portfolio return minus SPY return. Positive bars indicate outperformance.
Daily Alpha
Portfolio daily return minus β × SPY 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 SPY 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