-20.8%
PNR vs GAP
+3.0%
-23.8%
-50.0%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 5y.
| Period | Portfolio | GAP | Excess | Alpha |
|---|---|---|---|---|
| 1D | -1.4% | -2.1% | +0.7% | -0.9% |
| 7D | -5.5% | -6.3% | +0.8% | -4.1% |
| 30D | -15.6% | -0.2% | -15.3% | -15.8% |
| 3M | -20.2% | 0.0% | -20.2% | -20.6% |
| 6M | -36.6% | -8.1% | -28.5% | -36.1% |
| YTD | -45.0% | -16.5% | -28.5% | -43.6% |
| 1Y | -47.4% | -10.5% | -37.0% | -47.1% |
| 3Y | -13.7% | +104.0% | -117.7% | -32.5% |
| 5Y | -20.8% | +6.8% | -27.6% | -37.0% |
| All | -20.8% | +3.0% | -23.8% | -37.0% |
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 5y: 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…
5y analysis · Full analysis span regression · 6 months rolling