Covenant Capital Management : Hedged Equity Program Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date 16.65% May Performance 1.78% Min Investment $ 100k Mgmt. Fee 0% Perf. Fee 25.00% Annualized Vol 54.14% Sharpe (RFR=1%) 1.43 CAROR - Assets $ 2.8M Worst DD -10.08 S&P Correlation -0.23 Add Alert Add to Blender Add to Portfolio Add to Watchlist Print Page Growth of 1,000 - VAMI Monthly Performance Export Data Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD DD Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Period Returns Program / Index May Qtr YTD 1yr 3yr 5yr 10yr Since1/2020 Hedged Equity Program 1.78 13.14 16.65 53.24 - - - 154.89 S&P 500 0.55 10.31 15.56 42.58 - - - 34.57 +/- S&P 500 1.23 2.83 1.09 10.66 - - - 120.32 Strategy Description Investment StrategyThe Hedged Equity Program (HEP) is designed as a cash efficient means to deliver superior risk adjusted and total returns to the S&P 500. Cash Efficiency - A $100,000 HEP account gives the investor $180,000 of equity exposure AND a hedge against the risk of that... Read More Account & Fees Type Managed Account Minimum Investment $ 100k Trading Level Incremental Increase $ 0k CTA Max Funding Factor Management Fee 0% Performance Fee 25.00% Average Commission Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency Daily Redemption Frequency Daily Investor Requirements Any Investor Lock-up Period 0 Trading Trading Frequency 1500 RT/YR/$M Avg. Margin-to-Equity 30% Targeted Worst DD Worst Peak-to-Trough Sector Focus Stock Index Traders Holding Periods Over 12 Months 0% 4-12 Months 0% 1-3 Months 0% 1-30 Days 100.00% Intraday 0% Decision-Making Discretionary 0% Systematic 100.00% Strategy Composition Investment StrategyThe Hedged Equity Program (HEP) is designed as a cash efficient means to deliver superior risk adjusted and total returns to the S&P 500. Cash Efficiency - A $100,000 HEP account gives the investor $180,000 of equity exposure AND a hedge against the risk of that exposure. The capital required to invest AND to hedge is reduced from $360,000 to $100,000. Enhanced Returns - The HEP is expected to outperform the S&P 500 on a risk adjusted and total return basis by reducing or even reversing losses during times of crisis. The trading results shown herein reflect the performance of a proprietary account traded in the Hedged Equity Program. Results reflect all trading costs and a 25% incentive fee. CCM began taking client money into the program in August of 2020. CCM has also backtested the performance of the program from 2007 through 2016, and finds the live trading consistent with expectations. Compare to: {{result.name}} {{result.description}} Index: Chart Type: AUM & Cumulative Returns Cumulative Returns Distribution Rolling Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Compare to: Index: Select an Index Hang Seng Russell 2000 DAX FTSE 100 S&P 500 Index 10-Year Note VIX S&P 500 Monthly Annual Reward Average RoR: Max Gain: Gain Frequency: Average Gain: Gain Deviation: Risk Standard Deviation: Worst Loss: Loss Frequency: Average Loss: Loss Deviation: Reward/Risk Sharpe Ratio: (RF=1%) Skewness: Kurtosis: Reward Compound RoR: Average RoR: Max Gain: Gain Frequency: Average Gain: Gain Deviation: Risk Standard Deviation: Worst Loss: Loss Frequency: Average Loss: Loss Deviation: Reward/Risk Sharpe Ratio: (RF=1%) Skewness: Kurtosis: Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. Note: Figures shown in the Monthly column are the greatest figures (or worst for losses/drawdowns) for any particular month. The Annual figures are the greatest for any calendar year. Drawdown Report Depth Length (Mos.) Recovery (Mos.) Peak Valley -10.08 2 1 8/1/2020 10/1/2020 -8.65 2 1 1/1/0001 2/1/2020 -1.27 1 1 12/1/2020 1/1/2021 Show More Consecutive Gains Run-up Length (Mos.) Start End 115.68 6 3/1/2020 8/1/2020 23.33 2 11/1/2020 12/1/2020 18.15 4 2/1/2021 5/1/2021 Show More Consecutive Losses Run-up Length (Mos.) Start End -10.08 2 9/1/2020 10/1/2020 -8.65 2 1/1/2020 2/1/2020 -1.27 1 1/1/2021 1/1/2021 Show More Top Performer Badges Index Award Type Rank Performance Period Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. x {{title}} x {{title}} Add Cancel