-22.5%
TNA vs GAP
+3.0%
-25.5%
-82.4%
Performance
Returns, benchmark comparison, and relative performance.
Performance by timeframe
Returns for 5y.
| Period | Portfolio | GAP | Excess | Alpha |
|---|---|---|---|---|
| 1D | -3.0% | -2.1% | -0.9% | -1.7% |
| 7D | -7.6% | -6.3% | -1.3% | -3.8% |
| 30D | -13.6% | -0.2% | -13.4% | -14.7% |
| 3M | +2.8% | 0.0% | +2.8% | +0.6% |
| 6M | +34.5% | -8.1% | +42.6% | +36.7% |
| YTD | +41.0% | -16.5% | +57.5% | +51.1% |
| 1Y | +52.0% | -10.5% | +62.5% | +55.4% |
| 3Y | +103.5% | +104.0% | -0.5% | +2.6% |
| 5Y | -22.5% | +6.8% | -29.3% | -49.9% |
| All | -22.5% | +3.0% | -25.5% | -49.9% |
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