Performance Summary
As of September 30, 2024
Quarter | Calendar YTD |
1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
|
COBA | 7.99% | 21.72% | 37.39% | 13.89% | 15.73% | 12.78% | 10.97% |
S&P 500 Index* | 5.89% | 22.08% | 36.35% | 11.91% | 15.98% | 13.38% | 7.94% |
Difference | 2.10% | -0.36% | 1.04% | 1.98% | -0.25% | -0.59% | 3.03% |
Tracking Error** | 4.25% | 5.42% | 4.71% | 4.68% | 11.80% | ||
Information Ratio*** | 0.24 | 0.37 | -0.05 | -0.13 | 0.26 | ||
Months>Benchmark | 58% | 56% | 47% | 47% | 51% |
Periods greater than one year are annualized.
Inception: June 30, 2000
* Performance of the S&P 500 Total Return Index (Source: Bloomberg SPXT Index) is used for comparison purposes only. The COBA Portfolio does not have a formal mandated benchmark against which it is managed.
** Tracking error is annualized and based on monthly return differences relative to the S&P 500 Index. Due to incomplete monthly data for the portfolio during the period December 2001 through April 2004, S&P 500 Index returns were used in twelve separate months for the purposes of calculating tracking error. Therefore, tracking error is likely underestimated for periods that include the December 2001 through April 2004 period.
*** Information ratio is the ratio of the annualized relative return divided by the tracking error. See note regarding tracking error.
COBA portfolio value as of September 30, 2024: $310,868.63.