So far in 2013, the Short-Trading Portfolio has underperformed the market by 630 basis points (bps) and has declined by more than 3 percentage points since the turn of the year. Since inception,is showing a slight loss of -.02% or 210 basis points relative to the market over the same time period. The below chart shows this portfolio dynamic with the blue being the portfolio and the green and brown representing the S&P 500 and NASDAQ, respectively.
Most of the losses have occurred in the market run up following the fiscal cliff "resolution". However, I would note that the latest week's performance added to the recent losses, with the portfolio losing 70 basis points in value of 110 basis points relative to the market.
Most of the losses have occurred in the market run up following the fiscal cliff "resolution". However, I would note that the latest week's performance added to the recent losses, with the portfolio losing 70 basis points in value of 110 basis points relative to the market.
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