Sunday, April 3, 2011

GSPY Portfolio 2011 Q1 Performance

The detail rational and objectives of the GSPY fund can be found at

In summary this portfolio is a mix of Canadian, Swiss, Brazil and Korean ETFS whose objective is to be a better, more global diversification alternative to the S&P 500 without the risk of very popular emerging market funds such as VWO.

In the first quarter of operation the portfolio's performance generally met its objectives. Specifically GSPY
  • Returned 3.6% which was better than the return for VWO (1.6%). The fund did under perform the S&P 500s return of 5.9%
  • Had volatility as measured by monthly standard deviation of 2.4 % which was significantly less than VWO's monthly standard deviation of 4.5%, but more than the S&P 500's 1.7%.
  • Provided excellent diversification with a -.50 correlation with the S&P 500 while having a .94 correlation with VWO.
One quarter of results is clearly not enough to draw any conclusions, but the first quarter results are consistent with expectations for this portfolio.

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