Vantage Capital Management : VCM Aggressive Program Need help with terms? Snapshot Strategy Charts Statistics & Ratios Performance Tables Badges Show All Year-to-Date N / A Aug Performance 7.65% Min Investment $ 100k Mgmt. Fee 2.00% Perf. Fee 20.00% Annualized Vol 45.35% Sharpe (RFR=1%) -1.12 CAROR - Assets $ 498k Worst DD -48.15 S&P Correlation 0.16 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 Aug Qtr 2020 1yr 3yr 5yr 10yr Since12/2009 VCM Aggressive Program 7.65 - - - - - - -36.98 S&P 500 -4.74 - - - - - - 233.36 +/- S&P 500 12.39 - - - - - - -270.33 Strategy Description SummaryVantage Capital Management (VCM) is a Commodity Trading Advisor (CTA) registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).We manage capital for individuals, including IRA, SEP, and 401K accounts that can be traded tax... Read More Account & Fees Type Managed Account Minimum Investment $ 100k Trading Level Incremental Increase $ 0k CTA Max Funding Factor Management Fee 2.00% Performance Fee 20.00% Average Commission $10.00 Available to US Investors Yes Subscriptions High Water Mark Yes Subscription Frequency Anytime Redemption Frequency Anytime Investor Requirements Any Investor Lock-up Period 0 Trading Trading Frequency 1200 RT/YR/$M Avg. Margin-to-Equity 65% Targeted Worst DD -20.00% Worst Peak-to-Trough 5.02% Sector Focus Not Specified Holding Periods Over 12 Months 0% 4-12 Months 50.00% 1-3 Months 50.00% 1-30 Days Intraday 0% Decision-Making Discretionary 30.00% Systematic 70.00% Strategy Counter-trend 5.00% Fundamental 5.00% Option-purchasing 10.00% Option-spreads 10.00% Option-writing 60.00% Spreading/hedging 10.00% SummaryVantage Capital Management (VCM) is a Commodity Trading Advisor (CTA) registered with the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA).We manage capital for individuals, including IRA, SEP, and 401K accounts that can be traded tax deferred, and for institutions such as banks, hedge funds, pension funds, and trusts.Philosophy:While no strategy can guarantee profits, and there is a risk of loss, our philosophy is to provide clients with elevated performance. VCM strives to balance risk by remaining direction neutral and performing in a manner that is statistically uncorrelated to the performance of the S&P 500 Index. VCM’s strategies avoid forecasting specific market direction, but rather take both sides of the market, which enables VCM to profit in up, down, and lateral markets. VCM’s proprietary trading strategy does not “day trade” or attempt to time the market. Investment StrategyVCM Aggressive Program:The strategy writes both put and call option contracts on the S&P 500 index as its primary investment medium. Our methodology is technical and statistical in nature; however, consideration is given to the overall fundamental condition of both domestic and global markets. The strategy avoids forecasting specific market direction, but rather takes both sides of the market and derives profits as a function of Theta, the “time decay” component of options, and of volatility, which has a constant effect on the value of the option. In the Aggressive Program, the short options will typically not be hedged. Although there is no guarantee that a particular account will experience any profits, VCM seeks to maximize returns, while balancing risk, to target an annualized return objective of 20% to 30% and greater.Risk ManagementRisk Management:The greatest risk entailed with the Aggressive Program and Moderate Program trading strategies occurs during periods of extreme S&P 500 Index volatility, specifically periods with large one directional movement. Due to the probability that major/sudden downside movements of 20% or more in the S&P 500 Index is far greater than sudden 20% upward movements, the trading strategies employed by VCM are more cautious regarding major downward movements in contrast to upward movements in the S&P 500 Index. In addition, the Moderate Fund strategy adds hedging to reduce risk.Approach to Risk:The following statement is the opinion of VCM:VCM takes a statistical approach to trading. With the increased frequency of market corrections over the past three decades, investors are realizing that 3 standard deviation events are occurring with greater frequency than initially estimated. Consequently, market implosions are not as rare as some models would imply. While implosions are not predictable, trading models fail when they do not appropriately account for such events transpiring. Model breakdowns arise when fat tail events occur while investors continue to expect mean reversion. A second reason for failure is a dependence on normal or Gaussian distribution (bell curve), which implies that there is less than a 0.3% probability of a tail event occurring. In other words, expecting mean reversion and the dependence on the bell curve causes risk models to underestimate the probability of extreme market moves. While we do believe in mean reversion, VCM acknowledges that the mean may shift before the reversion is completed. Therefore, we view controlling risk as the most critical component of positive performance. 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 -48.15 4 - 3/1/2010 7/1/2010 -5.02 1 1 12/1/2009 1/1/2010 Show More Consecutive Gains Run-up Length (Mos.) Start End 14.36 2 2/1/2010 3/1/2010 7.65 1 8/1/2010 8/1/2010 3.96 1 12/1/2009 12/1/2009 Show More Consecutive Losses Run-up Length (Mos.) Start End -48.15 4 4/1/2010 7/1/2010 -5.02 1 1/1/2010 1/1/2010 Show More Time Windows Analysis 1 Month3 Month Number of Periods9.007.00 Percent Profitable44.4442.86 Average Period Return-4.14-13.95 Average Gain6.429.64 Average Loss-12.60-31.65 Best Period11.6910.28 Worst Period-26.00-46.11 Standard Deviation13.0923.29 Gain Standard Deviation4.150.90 Loss Standard Deviation11.3510.50 Sharpe Ratio (1%)-0.32-0.61 Average Gain / Average Loss0.510.30 Profit / Loss Ratio0.410.23 Downside Deviation (10%)12.3025.79 Downside Deviation (5%)12.1125.07 Downside Deviation (0%)12.0624.89 Sortino Ratio (10%)-0.37-0.59 Sortino Ratio (5%)-0.35-0.57 Sortino Ratio (0%)-0.34-0.56 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