The aim of the Atlas Global Defensive Equity Strategy (the Strategy) is to outperform the global equity index through a favorable selection of countries and sectors and a loss avoidance strategy during severe bear markets.
All performance information is of the Portfolio Manager account, net of management fees.
All performance information is of the Portfolio Manager account net of management fees, and not of any investing client accounts.
Actual client returns will differ based on client-specified security exclusions, client cash flow behavior (investments and divestments), and trading restrictions placed on client accounts by brokerage.
The management fees applicable to Interactive Advisors proprietary portfolios are actually charged to
the Interactive Advisors accounts managing those portfolios, whereas the management fees applicable to
Portfolio Manager portfolios are applied retroactively as simulated fees to the Portfolio Manager account returns (as
Interactive Advisors does not manage or control these accounts) for purposes of this net-of-fees performance presentation only.
Performance, composition and volatility could vary significantly from that of the benchmark(s), which are
provided for illustrative purposes only.
This information was calculated up to Oct 09, 2024.
The performance table shows the returns over various time periods, including the time periods that are clickable on the chart, calendar years and also the Since inception (annualized) performance which is the year over year growth rate of portfolio asset value.
Last 30 days | 6.1% |
Last 90 days | 3.8% |
Last 365 days | 25.5% |
Since inception (Oct 26, 2021) | 14.7% |
Since inception (annualized) | 4.7% |
2024 (YTD) | 14.9% |
2023 | 13.3% |
2022 | -13.4% |
The risk metrics table is only present for portfolios with more than a 365 day track record which is needed to meaningfully compute the summary risk metrics.
You can learn more here.
Volatility
The standard deviation of portfolio returns; a measure of risk. |
11.5% |
Sharpe ratio
A measure of risk-adjusted portfolio return. |
1.72 |
Sortino ratio
A measure of portfolio return adjusted for down-side volatility. |
2.47 |
Maximum drawdown
Maximum value lost from peak to trough over the last year. |
-8.0% |
Value-at-risk (95%, 1 week)
Estimates the potential loss of a portfolio with a specified confidence level and time horizon. |
-2.7% |
All costs shown are estimated and consist of the annual management fee applicable to the specific portfolio displayed. We compute the annual management fee applicable to your investments daily and charge it to you monthly in arrears or in conjunction with a withdrawal.
On a daily basis, the applicable fee associated with each portfolio you invest in will be applied to the end-of-day gross market value of your investment in that portfolio and the resulting amount will be divided by 365. At the end of each month, you will be charged a fee made up of the sum of all daily fees calculated during that month for each portfolio investment. The more assets you invest in a given portfolio with us, the higher the amount of the annual fee charged to you.
No trading commissions apply to trading in any of the portfolios due to the IBKR-LITE commissions structure we have selected for all of your clients. For portfolios including ETFs, additional expense ratios will need to be paid to the ETF issuer and they are not included in this calculation.
The Portfolio Manager utilizes academic and investment practitioner research regarding equity factors (Fama, French, Carhart, and others) as well as in-house research, which is ongoing and periodically updated. The Portfolio Manager also utilizes proprietary research regarding the influence of global economic data on equity market outcomes. The Portfolio Manager has experience running enhanced equity index strategies since 2003.
Atlas Capital Advisors LLC (the Portfolio Manager) uses a proprietary framework to evaluate expected returns, market sentiment and risks for the single country and US sector indices, which together comprise the global equity market. Based on this assessment, the Portfolio Manager adjusts the weight of portfolio holdings towards the countries and sectors with more favorable characteristics and away from those with less favorable characteristics. When the overall assessment of the risk/return profile of equity markets is favorable, the Portfolio Manager expects the portfolio to be fully invested in equity markets (which is generally the case over 75% of the time). If global economic data worsens and a substantial portion of the global equity market exhibits undesirable characteristics, the Portfolio Manager expects to de-risk the Strategy by allocating a portion of the Strategy to short-term fixed income. The degree of de-risking is a function of the proportion of the global equity market with an unfavorable assessment. The proportion of the Strategy’s investment in equities may go as low as 80% in the most negative scenario. The Strategy uses a consistent, systematic approach with a foundation in academic and Portfolio Manager proprietary research. The benchmark for the Strategy is the FTSE Global All Cap Net Tax (US Regulated Investment Company) Index. (1) Invest Globally: - Diversification across geographic markets provides the opportunity to benefit when there are attractive markets outside the home country. (2) Create alpha from beta management: - Return of any equity market index (the equity beta) can be achieved dynamically and cheaply via ETFs. - Additional return (alpha) can be generated from systematic beta management – informed choices about which stock markets to own and avoid. Generating alpha from beta management is often under-appreciated and under-utilized by investors. (3) Take risk where it is more likely to be rewarded: - Examine valuation, momentum, growth, risk and currency for each market. Allocate the risk budget primarily to favorable markets. (4) Defend against losses: - When too many equity markets turn bad, and the global economy is worsening, move assets to short-term fixed income to avoid losses for investors.
The portfolio is typically rebalanced monthly, using the process described above.
None
Atlas Capital Advisors Inc is an independent, fee-only investment advisor dedicated to providing unbiased advice to our clients. Our specialty is designing and managing sophisticated, tax-sensitive portfolios based on a systematic, disciplined, unemotional, and academically rigorous investment process. We serve affluent individuals, families, trusts, nonprofits and privately held businesses.
Ken Frier is the Chief Investment Officer. Prior to joining Atlas, he held the same role at Walt Disney, Hewlett-Packard, Stanford and the UAW. Jonathan Tunney is the founder. He is the architect of the Atlas Capital enhanced indexing system.
Past performance is no guarantee of future results, and all investments, including those in this portfolio, involve the risk of loss, including loss of principal and a reduction in earnings.
This portfolio was launched on Interactive Advisors on October 26, 2021, when clients were able to start investing in it. All performance information on this page is actual performance of the Portfolio Manager’s account and presented “net of fees”. The actual performance chart is provided for informational purposes only, and should not be used as the basis for making an investment decision. Actual client returns will differ. All Portfolio Manager information including personal data, profiles, and strategies has been provided by the Portfolio Manager. Interactive Advisors makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Interactive Advisors.
All performance information on this page is based on the performance of the Portfolio Manager’s account, using the manager’s own funds. Performance of the Portfolio Manager's account is calculated by Interactive Advisors on a daily time-weighted basis, including cash, dividends and earnings distributions and reflects the deduction of broker commissions (when commissions were charged). Manager returns include trades and positions that fail Interactive Advisors' trading rules, as a result, actual client returns will differ. Interactive Advisors’ advisory fees are simulated and applied retroactively to present the portfolio return “net-of-fees”.
In addition to Interactive Advisors’ management fees, clients will also be charged management fees and other expenses (custodian fees, brokerage commissions, and legal and accounting fees) by ETF issuers if the portfolio contains ETFs.