Performance Summary
As of December 31, 2022
| Quarter | Fiscal YTD |
1-Year | 3-Year | 5-Year | 10-Year | Since Inception |
|
| COBA | 10.42% | 3.66% | -8.01% | 9.50% | 9.42% | 12.42% | 9.91% |
| S&P 500 Index* | 7.56% | 2.31% | -18.11% | 7.66% | 9.42% | 12.56% | 6.52% |
| Difference | 2.85% | 1.35% | 10.10% | 1.84% | 0.00% | -0.14% | 3.39% |
| Tracking Error** | 5.26% | 4.91% | 4.20% | 4.59% | 12.18% | ||
| Information Ratio*** | 1.92 | 0.37 | 0.00 | -0.03 | 0.28 | ||
| Months>Benchmark | 75% | 50% | 47% | 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.