Performance since inception
Hedonova vs S&P 500 since inception
- Hedonova
- S&P 500
38.64%
IRR
IRR measures the fund's potential profitability by considering investment duration, cash flows, and overall returns.
106.67%
Alpha over S&P 500
Alpha represents the excess annual returns of our portfolio over the S&P 500, after adjusting for market-related volatility and random fluctuations.
54.11%
CAGR
CAGR quantifies the fund's annualized return, factoring in compounding effects, for investor performance assessment.
Annual returns
- Q1
- Q2
- Q3
- Q4
Monthly returns
- Hedonova
- S&P 500
Low correlation to stock markets
The portfolio offers robust diversification across asset classes, geographies, and risk profiles, ensuring stability and consistency even in volatile market conditions.
1.22%
Standard deviation
Standard deviation quantifies the fund's return volatility, indicating risk levels. A higher value suggests greater fluctuation in returns, which is essential for assessing investment risk and aligning with investor risk tolerance.
0.092
Beta
Beta assesses a fund's volatility against the S&P 500; a value over 1 signals more risk but higher potential returns, which is vital for strategic investment decisions.
0.67
Correlation
Correlation with the S&P 500 signifies the degree to which a fund's returns move with the market index. A high correlation suggests that the fund's performance closely reflects broader market trends.
Correlation to stock markets
Our portfolio of alternative investments offers low correlations with traditional asset classes such as stocks and bonds, enhancing diversification, reducing overall portfolio risk.
Inter-asset correlation
We diversify our investments across multiple asset classes and employ various investment strategies, including short-term directional and income-sharing arrangements, all of which are uncorrelated to each other.
Excess returns over time
Alpha
Alpha over the S&P 500 for Hedonova represents the fund's ability to outperform or underperform the S&P 500 index after accounting for the inherent risk associated with its investments. It has been calculated every month here.
Consistently outperforming the equity markets
Rolling 60-day sharpe ratio
Controlling the Sharpe ratio of a fund between 0.8 and 1.1 is achieved by adjusting the allocation of the fund. Altering the proportion of different asset classes in the portfolio allows us to maintain a desirable balance between risk and return. This ongoing process involves data-backed planning and execution.
Investments diversified across the world
Risks we mitigate
Currency risk
Hedonova employs currency hedging techniques to mitigate the impact of exchange rate fluctuations, safeguarding investments in foreign currencies and aiming to stabilize returns for investors amid volatile currency markets.
Macroeconomic
Hedonova diversifies across assets, adjusts allocations based on macro indicators, and uses hedging to mitigate impacts of economic fluctuations, safeguarding investor portfolios.
Regulatory
Stringent compliance oversight, global diversification, and thorough due diligence minimize regulatory risk exposure, ensuring alignment with evolving regulatory frameworks across jurisdictions.
Emerging market risk
Research-driven selective exposure, meticulous due diligence, and currency risk management enable Hedonova to capitalize on emerging market opportunities while mitigating geopolitical and economic risks.