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EExample Capital
OverviewAnalytics
    Portfolio performance report

    Long-term portfolio

    Generated July 17, 2026 at 8:50 PM UTC · benchmarked against SPY

    Portfolio return
    +71.4%
    SPY return
    +9.2%
    Excess return
    +62.2%
    Maximum drawdown
    -15.6%

    Performance by timeframe

    Returns for all history.

    Portfolio and benchmark returns by period
    PeriodPortfolioSPYExcessAlpha
    1D+1.8%-0.5%+2.3%+2.2%
    7D+5.4%-0.1%+5.5%+5.5%
    30D+11.4%+0.1%+11.3%+11.3%
    3M+26.5%+7.0%+19.5%+19.8%
    6M+24.2%+8.5%+15.6%+16.3%
    All+71.4%+9.2%+62.2%+59.8%

    Cumulative growth

    Portfolio and SPY growth are rebased so no current or historical balances are exposed.

    • Portfolio
    • SPY
    Portfolio and SPY cumulative price performanceGrowth of 100 for the portfolio and SPY from Jan 5, 2026 through Jul 16, 2026.+78%+55%+32%+9%-14%Jan 5, 2026Jul 16, 2026

    Daily returns

    Daily percentage return beside SPY.

    • Portfolio
    • SPY
    Portfolio and SPY daily returnsGrouped daily price-return bars for the portfolio and SPY from Jan 5, 2026 through Jul 16, 2026.+48%+34%+19%+4%-10%Jan 5, 2026Jul 16, 2026

    Daily out / under-performance

    Portfolio return minus SPY return. Positive bars indicate outperformance.

    Daily excess return against SPYDaily portfolio return minus SPY return. Positive bars indicate outperformance and negative bars indicate underperformance.+48%+34%+19%+4%-10%Jan 5, 2026Jul 16, 2026

    Return analytics

    Return, risk, drawdown, consistency, and benchmark metrics from completed daily return periods.

    Analysis span
    All history · Jan 5, 2026 to Jul 16, 2026
    Portfolio periods
    133
    Comparison periods
    133
    Regression sample
    Full analysis span · 132
    Total return+71.4%Compounded over the measured history
    CAGR+177.6%Annualized compounded return
    Volatility+66.8%Annualized daily-return variability
    Sharpe1.74Return per unit of total risk
    Sortino6.16Return per unit of downside risk
    Max drawdown-15.6%Largest peak-to-trough decline

    Alpha, sensitivity, and capture

    All relative metric cards use the selected regression sample (full analysis span; 132 comparable returns).

    Alpha+105.7%Annualized CAPM residual return
    Beta0.79Sensitivity to benchmark moves
    Correlation0.40Daily return relationship
    R-squared15.9%Variation explained by benchmark
    Tracking error+66.1%Annualized active-return volatility
    Information ratio1.56Active return per unit of tracking error
    Up capture57.8%Participation when benchmark rose
    Down capture68.2%Participation when benchmark fell

    Analysis-span relative wealth and CAPM residual

    Relative wealth is rebased at the start of all history. The CAPM residual begins with the selected regression sample (full analysis span).

    • Relative wealth
    • CAPM residual
    Analysis-span relative wealth and CAPM residualAll history relative wealth for Long-term portfolio against SPY. The beta-adjusted CAPM residual begins with the selected regression sample (full analysis span).+64%+47%+30%+12%-5%Jan 5, 2026Jul 16, 2026

    Return and risk

    Ratios use completed daily returns from all history.

    Detailed return and risk metrics for the portfolio and benchmark
    MetricLong-term portfolioSPY
    Total return+71.4%+9.2%
    CAGR+177.6%+18.1%
    Annualized volatility+66.8%+13.9%
    Sharpe ratio1.740.99
    Sortino ratio6.161.44
    Maximum drawdown-15.6%-9.1%
    Calmar ratio11.401.98
    Ulcer index+7.4%+2.6%
    Positive-period rate53.4%53.0%
    Best period+44.4%+2.9%
    Worst period-6.1%-2.6%
    Average daily return+0.5%+0.1%
    Average gain+1.9%+0.7%
    Average loss-1.2%-0.6%
    Payoff ratio1.611.09
    Profit factor1.851.23
    Daily VaR (95%)-2.4%-1.5%
    Daily CVaR (95%)-4.1%-1.8%
    Tail ratio1.280.84
    Skew8.67-0.06
    Excess kurtosis91.081.03
    Longest gain streak47
    Longest loss streak74

    Drawdowns

    Each line shows distance below its own high-water mark within all history.

    • Long-term portfolio
    • SPY
    Portfolio and benchmark drawdowns over timePeak-to-trough decline for Long-term portfolio and SPY. Zero marks a new high-water mark.+1.2%-3.3%-7.8%-12.3%-16.8%Jan 5, 2026Jul 16, 2026

    Long-term portfolio

    Worst drawdown episodes for Long-term portfolio
    RankDepthStartedTroughRecoveredDuration
    1-15.6%Feb 9, 2026Mar 30, 202649 days to troughMay 8, 202639 days from trough88 days
    2-12.7%Jun 3, 2026Jun 25, 202622 days to troughJul 9, 202614 days from trough36 days
    3-7.7%Jan 6, 2026Jan 20, 202614 days to troughFeb 2, 202613 days from trough27 days
    4-2.0%May 29, 2026Jun 1, 20263 days to troughJun 2, 20261 days from trough4 days
    5-0.8%May 18, 2026May 18, 20260 days to troughMay 20, 20262 days from trough2 days
    6-0.8%Jul 14, 2026Jul 14, 20260 days to troughJul 15, 20261 days from trough1 days
    7-0.3%Jul 10, 2026Jul 10, 20260 days to troughJul 13, 20263 days from trough3 days
    8-0.2%May 14, 2026May 14, 20260 days to troughMay 15, 20261 days from trough1 days
    9-0.2%May 11, 2026May 11, 20260 days to troughMay 12, 20261 days from trough1 days
    10-0.2%Feb 5, 2026Feb 5, 20260 days to troughFeb 6, 20261 days from trough1 days

    SPY

    Worst drawdown episodes for SPY
    RankDepthStartedTroughRecoveredDuration
    1-9.1%Jan 28, 2026Mar 30, 202661 days to troughApr 15, 202616 days from trough77 days
    2-4.5%Jun 3, 2026Jun 10, 20267 days to troughOngoing43 days
    3-2.5%Jan 13, 2026Jan 20, 20267 days to troughJan 27, 20267 days from trough14 days
    4-1.9%May 15, 2026May 19, 20264 days to troughMay 26, 20267 days from trough11 days
    5-0.9%Apr 20, 2026Apr 21, 20261 days to troughApr 22, 20261 days from trough2 days
    6-0.5%Apr 28, 2026Apr 29, 20261 days to troughApr 30, 20261 days from trough2 days
    7-0.4%Apr 23, 2026Apr 23, 20260 days to troughApr 24, 20261 days from trough1 days
    8-0.4%May 4, 2026May 4, 20260 days to troughMay 5, 20261 days from trough1 days
    9-0.3%Jan 7, 2026Jan 8, 20261 days to troughJan 9, 20261 days from trough2 days
    10-0.3%May 7, 2026May 7, 20260 days to troughMay 8, 20261 days from trough1 days

    Rolling risk and efficiency

    6 months windows use exactly 126 completed return periods.

    Rolling alpha

    Annualized CAPM residual return within each window.

    • Long-term portfolio
    • SPY alpha reference
    • Long-term portfolio average
    • SPY alpha reference average
    Rolling annualized alpha6 months (126-period) annualized alpha against SPY.+106%+77%+49%+21%-8%Jul 7, 2026Jul 16, 2026

    Rolling beta

    How strongly returns moved with the benchmark in each window.

    • Long-term portfolio
    • SPY beta reference
    • Long-term portfolio average
    • SPY beta reference average
    Rolling beta6 months (126-period) beta against SPY.1.020.960.900.840.79Jul 7, 2026Jul 16, 2026

    Rolling volatility

    Annualized variability of daily return periods.

    • Long-term portfolio
    • SPY
    • Long-term portfolio average
    • SPY average
    Rolling annualized volatilityRolling annualized volatility for Long-term portfolio and SPY.+74%+54%+34%+14%-5%Jul 7, 2026Jul 16, 2026

    Rolling Sharpe

    Excess return per unit of total variability.

    • Long-term portfolio
    • SPY
    • Long-term portfolio average
    • SPY average
    Rolling Sharpe ratio6 months (126-period) Sharpe ratio for Long-term portfolio and SPY.1.71.30.80.3-0.1Jul 7, 2026Jul 16, 2026

    Rolling Sortino

    Excess return measured only against downside variation.

    • Long-term portfolio
    • SPY
    • Long-term portfolio average
    • SPY average
    Rolling Sortino ratio6 months (126-period) Sortino ratio for Long-term portfolio and SPY.6.14.42.81.2-0.4Jul 7, 2026Jul 16, 2026

    Calendar returns

    Calendar buckets use completed returns within all history.

    LossGain
    Monthly portfolio returns; each cell also identifies the benchmark return
    YearJanFebMarAprMayJunJulAugSepOctNovDec
    2026+40.2%+40%+1.8%+2%-8.5%-9%+6.9%+7%+15.0%+15%-7.3%-7%+15.2%+15%N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

    Calendar-year comparison

    Portfolio and benchmark returns are compounded independently within each year.

    • Long-term portfolio
    • SPY
    Portfolio and benchmark calendar-year returnsGrouped bars compare Long-term portfolio with SPY for each available calendar year.+77%+56%+36%+15%-6%2026 · Long-term portfolio: +71.40%2026 · SPY: +9.16%2026
    Calendar-year portfolio and benchmark return comparison
    YearLong-term portfolioSPYDifference
    2026+71.4%+9.2%+62.2%

    Return distribution

    Counts, quartiles, and outliers use the selected return granularity within the report analysis window.

    Return frequency

    How often completed daily returns landed in each range.

    • Long-term portfolio
    • SPY
    Frequency of daily portfolio and SPY returns from -6.1%through +44.4%.03773-6.12% to -2.96% · Long-term portfolio: 6 periods-6.12% to -2.96% · SPY: 0 periods-2.96% to +0.20% · Long-term portfolio: 62 periods-2.96% to +0.20% · SPY: 73 periods+0.20% to +3.35% · Long-term portfolio: 61 periods+0.20% to +3.35% · SPY: 60 periods+3.35% to +6.51% · Long-term portfolio: 3 periods+3.35% to +6.51% · SPY: 0 periods+6.51% to +9.66% · Long-term portfolio: 0 periods+6.51% to +9.66% · SPY: 0 periods+9.66% to +12.82% · Long-term portfolio: 0 periods+9.66% to +12.82% · SPY: 0 periods+12.82% to +15.98% · Long-term portfolio: 0 periods+12.82% to +15.98% · SPY: 0 periods+15.98% to +19.13% · Long-term portfolio: 0 periods+15.98% to +19.13% · SPY: 0 periods+19.13% to +22.29% · Long-term portfolio: 0 periods+19.13% to +22.29% · SPY: 0 periods+22.29% to +25.45% · Long-term portfolio: 0 periods+22.29% to +25.45% · SPY: 0 periods+25.45% to +28.60% · Long-term portfolio: 0 periods+25.45% to +28.60% · SPY: 0 periods+28.60% to +31.76% · Long-term portfolio: 0 periods+28.60% to +31.76% · SPY: 0 periods+31.76% to +34.92% · Long-term portfolio: 0 periods+31.76% to +34.92% · SPY: 0 periods+34.92% to +38.07% · Long-term portfolio: 0 periods+34.92% to +38.07% · SPY: 0 periods+38.07% to +41.23% · Long-term portfolio: 0 periods+38.07% to +41.23% · SPY: 0 periods+41.23% to +44.39% · Long-term portfolio: 1 periods+41.23% to +44.39% · SPY: 0 periods-6.1%Daily return+44.4%
    Return range

    Whiskers show the observed return range; dots are outliers.

    Horizontal daily return box plots for Long-term portfolio and SPY. The boxes span the middle fifty percent, center lines mark medians, whiskers end at the most extreme observations within one and a half times the interquartile range, and dots mark outliers.-10.2%+4.5%+19.1%+33.8%+48.4%
    Long-term portfolio
    SPY

    Return quantiles

    Observed outcomes at selected points from the worst through the best periods.

    Selected daily return percentiles for portfolio and benchmark
    PercentileLong-term portfolioSPY
    0th-6.12%-2.58%
    1st-4.87%-1.96%
    5th-2.37%-1.53%
    10th-1.80%-1.17%
    25th-0.77%-0.37%
    50th+0.13%+0.07%
    75th+1.08%+0.59%
    90th+2.62%+1.01%
    95th+3.04%+1.29%
    99th+4.59%+2.35%
    100th+44.39%+2.91%

    About these return metrics

    Portfolio, benchmark, risk, drawdown, calendar, and distribution figures use all history. All summary relative metrics—alpha, beta, correlation, R-squared, tracking error, information ratio, and capture—use the regression sample shown above (full analysis span). The synthetic first benchmark return is excluded from regression estimates.

    Risk-adjusted figures annualize 252 daily periods and use a 3.96% annual risk-free rate. This report covers completed returns; current value, taxes, and forecasts are separate.