Performance Summary
As of December 31, 2023
Quarter | Fiscal YTD |
1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
|
COBA | 12.87% | 8.61% | 22.37% | 12.14% | 14.69% | 11.55% | 10.41% |
S&P 500 Index* | 11.69% | 8.04% | 26.29% | 10.00% | 15.69% | 12.03% | 7.29% |
Difference | 1.18% | 0.57% | -3.92% | 2.14% | -0.99% | -0.49% | 3.12% |
Tracking Error** | 4.59% | 5.15% | 4.47% | 4.60% | 11.96% | ||
Information Ratio*** | 1.92 | 0.37 | 0.00 | -0.03 | 0.28 | ||
Months>Benchmark | 42% | 53% | 42% | 47% | 51% |
Periods greater than one year are annualized.
Inception: June 30, 2000
* Performance of the S&P 500 Total Return Index (Source: Bloomberg SPXT Index) is used for comparison purposes only. The COBA Portfolio does not have a formal mandated benchmark against which it is managed.
** Tracking error is annualized and based on monthly return differences relative to the S&P 500 Index. Due to incomplete monthly data for the portfolio during the period December 2001 through April 2004, S&P 500 Index returns were used in twelve separate months for the purposes of calculating tracking error.
*** Information ratio is the ratio of the annualized relative return divided by the tracking error. See note regarding tracking error.
COBA portfolio value as of December 31, 2022: $196,072.21.