Asset Class Scoreboard April

World Stocks have established themselves as the 2017 front runner in the asset class scoreboard. The asset class is up double digits in the first four months of the year, up 14.42% over the past 16 months, but unlike U.S. Stocks, it remains in a drawdown. Despite recent gains, World Stocks are 8% off of its 2014 highs. This just goes to show looking month-to-month, quarter-to-quarter, and even year-to-year only gives someone a short glimpse of the investment sentiment. Meanwhile, U.S. Stocks continue to hit new all-time highs in 2017, with the possibility of catching up to World Stocks for 2017 numbers.


Managed Futures dipped into the negative for the second time this year, just 10 basis point in the red, while long-only commodities continue to look like a horrible term investment.

We are entering the “Sell in May and go away” part of 2017; only time will tell if the markets sell off in the coming months. We will say this market doesn’t feel like the normal market behavior, but that just makes us question if this is the new normal of market behavior? We guess that’s why we in this space say past performance is not necessarily indicative of future results. No market behavior is ever like the one before it, but there might be ripples of similarities.

Asset Class Scoreboard April 2017

Chart Asset Class Scoreboard April 2017

Source: All ETF performance data from
Sources: Managed Futures = SocGen CTA Index, Cash = 13 week T-Bill rate,
Bonds = Vanguard Total Bond Market ETF (BND),
Hedge Funds= IQ Hedge Multi-Strategy (QAI)
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 = SPDR S&P 500 ETF (SPY)

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.

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