It’s Final: 2013 Asset Class Scoreboard

Not that anyone didn’t already know – but U.S. Stocks did really, really well last year, leading the race for top asset class basically wire to wire on the way to +30% returns for the S&P 500 to lead our 2013 Asset Class Scoreboard… read ‘em and weep below:

Revised 2013 Asset Class Scoreboard(Disclaimer: Past performance is not necessarily indicative of future results)

Revised Chart Asset Class Scoreboard(Disclaimer: past performance is not necessarily indicative of future results.)
Source: All ETF performance data from Morningstar.com
Sources: Managed Futures = Newedge CTA Index, Cash = 13 week T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND), Hedge Funds= DJCS Broad Hedge Fund Index;
Commodities = iShares GSCI ETF (GSG); Real Estate = iShares DJ Real Estate ETF (IYR);
World Stocks = iShares MSCI ACWI ex US Index Fund ETF (ACWX); US Stocks =US Stocks = SPDR S&P 500 ETF (SPY)

Managed Futures secured its spot in 5th place, holding its head above the breakeven point, while Bonds and Commodities were all lower on the year (note, we use the iShares Real Estate ETF for that asset class, which tracks the stock prices of real estate companies, which was down – while average US home prices were showing up according to the Associated Press).  Also, how often do you see stocks and bonds about 34% apart?!

As for managed futures – sneaking above the breakeven mark was a moral victory – and not bad when held alongside other diversifiers such as bonds and commodities; but they need to shine in 2014 (like more than 10% shine…) to get some respect back.  We’ll be looking at just what conditions are needed in our coming newsletter – 2014 Managed Futures Outlook – so make sure to sign up to receive our newsletter if you haven’t already.

2 comments

  1. I am trying to understand the 2013 performance data you are reporting versus morningstar.
    Per Morningstar Total Return for 2013 Calendar Year:
    S&P 500: 32.39% versus your reported number of 29.60%
    ACWX: 14.74% versus your reported number of 17.78%
    IYR: 1.16% versus your reported number of -2.46%
    BND: -2.10% versus your reported number of -4.54%

    Can you please help me understand why the numbers do not match?

  2. Thanks for your comment and keen eye – we had a calculation error in a spreadsheet we use, plus were using Yahoo finance for these numbers – which differ from Morningstar (check GSPC versus Morningstar’s SPY total return number for instance). The table has been updated, thanks again, and we will switch to using Morningstar moving forward.

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Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.

Disclaimer
The performance data displayed herein is compiled from various sources, including BarclayHedge, and reports directly from the advisors. These performance figures should not be relied on independent of the individual advisor's disclosure document, which has important information regarding the method of calculation used, whether or not the performance includes proprietary results, and other important footnotes on the advisor's track record.

Benchmark index performance is for the constituents of that index only, and does not represent the entire universe of possible investments within that asset class. And further, that there can be limitations and biases to indices such as survivorship, self reporting, and instant history.

Managed futures accounts can subject to substantial charges for management and advisory fees. The numbers within this website include all such fees, but it may be necessary for those accounts that are subject to these charges to make substantial trading profits in the future to avoid depletion or exhaustion of their assets.

Investors interested in investing with a managed futures program (excepting those programs which are offered exclusively to qualified eligible persons as that term is defined by CFTC regulation 4.7) will be required to receive and sign off on a disclosure document in compliance with certain CFT rules The disclosure documents contains a complete description of the principal risk factors and each fee to be charged to your account by the CTA, as well as the composite performance of accounts under the CTA's management over at least the most recent five years. Investor interested in investing in any of the programs on this website are urged to carefully read these disclosure documents, including, but not limited to the performance information, before investing in any such programs.

Those investors who are qualified eligible persons as that term is defined by CFTC regulation 4.7 and interested in investing in a program exempt from having to provide a disclosure document and considered by the regulations to be sophisticated enough to understand the risks and be able to interpret the accuracy and completeness of any performance information on their own.

RCM receives a portion of the commodity brokerage commissions you pay in connection with your futures trading and/or a portion of the interest income (if any) earned on an account's assets. The listed manager may also pay RCM a portion of the fees they receive from accounts introduced to them by RCM.

See the full terms of use and risk disclaimer here.