Stoken Asset Management

Tactical Adaptive

Stoken Asset Management
ActiveAcross a whole market cycle

STA employs an enhanced version of the Active Combined Asset strategy outlined in Dick Stoken’s book, Survival of the Fittest for Investors. This tactical asset allocation strategy is designed to perform well during all market and geopolitical environments, and to protect investors from significant capital depletion during sustained bear markets. STA’s goal is to preserve and grow capital by outperforming the S&P 500 over complete market cycles, while producing lower-than-market risk. Instead of traditional buy-and-hold portfolios with set allocations, STA attempts to adapt and react to markets as they evolve. The strategy is designed to recognize changing market conditions early, find trends as they develop, and react by shifting asset allocations to be as prepared as possible for what lies ahead.

Portfolio risk score
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Strategy

ETFs / Funds

Management fee

0.75%

Min investment

$500

Performance Chart

Metrics

Last 30 days -0.4%
Last 90 days 0.2%
Last 365 days 4.4%
Last 5 years 30.1%
Since inception (Dec 26, 2018) 36.2%
Since inception (annualized) 6.1%
2024 (YTD) -1.1%
2023 4.7%
2022 0.3%
2021 7.0%
2020 3.7%
2019 16.6%
Volatility
The standard deviation of portfolio returns; a measure of risk.
5.6%
Sharpe ratio
A measure of risk-adjusted portfolio return.
-0.19
Sortino ratio
A measure of portfolio return adjusted for down-side volatility.
-0.31
Maximum drawdown
Maximum value lost from peak to trough over the last year.
-4.2%
Value-at-risk (95%, 1 week)
Estimates the potential loss of a portfolio with a specified confidence level and time horizon.
-1.3%
Investment (below min)
Annual costs

Portfolio information

Research

Free markets use the same algorithm as evolution. They can be viewed as complex adaptive systems that are governed by trends. Using complex adaptive systems as a framework, STA utilizes agent-based modeling to find market-based patterns. The strategy uses three key principles of complex adaptive systems: Variation – By including four diverse asset classes, three that are risky and one that is defensive, to give investors a greater chance of having an asset class that “fits” the then-current environment Fluctuation – By applying an algorithm designed to best protect investors from large capital depletions during sustained bear markets by defensively moving out of risky assets Punctuated Equilibrium – By using a methodology to take advantage of profit opportunities during periods of relative order and to gainfully navigate through periods of extreme chaos and disruption

Approach

STA provides low correlation to traditional investment strategies and offers returns independent of market direction. Decisions are made using a systematic model-based approach and are not based on current market noise, emotions or instincts to follow the crowd. STA has the flexibility to move into mostly defensive assets (bond ETFs) when risk is perceived to be at its highest, enabling the portfolio to avoid significant losses. STA utilizes low-fee ETFs to access asset classes, with the goal of minimizing investment costs and maximizing returns. The investment strategy is grounded in tested theory and real-world experience, with proven research and analytical rigor forming the foundation of our approach. We practice disciplined investment and portfolio implementation, applying a consistent, unemotional and systematic process.

Sell discipline

Long positions in risk assets are sold according to STA’s algorithm, signaled when an index is trading below its bottom channel threshold. The portfolio is rebalanced during allocation changes.

Portfolio updates

Manager

Stoken Asset Management

Stoken Asset Management

Stoken Asset Management is an investment advisor providing quantitative asset management services to individuals and institutions.

The firm believes that markets are difficult, if not impossible, to predict and that diversification is no longer enough to manage portfolio risk. Our view is that asset classes should be treated independently, allowing for material shifts in asset allocation as market patterns emerge.

Stoken Asset Management was founded in 2013 by Deidre Stoken McClurg. She brings over 20 years of finance and investment experience to the firm. Prior to founding the firm, Deidre worked for JPMorgan’s Private Bank and William O’Neil & Co. Deidre is a Certified Financial Planner and Certified Public Accountant. She earned a BA from the University of Southern California and an MBA from Northwestern University’s Kellogg School of Management.

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Disclosures

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 December 26, 2018, 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.