Performance Summary
As of June 30, 2020
| Quarter | Fiscal YTD |
1-Year | 3-Year | 5-Year | 7-Year | 10-Year | Since Inception |
|
| COBA | 18.65% | -4.30% | 2.68% | 6.35% | 8.30% | 11.66% | 11.35% | 9.47% |
| S&P 500 Index* | 20.54% | -3.08% | 7.51% | 10.73% | 10.73% | 12.13% | 13.99% | 6.02% |
| Difference | -1.89% | -1.22% | -4.83% | -4.38% | -2.43% | -0.46% | -2.64% | 3.46% |
| Tracking Error** | 3.56% | 3.53% | 4.29% | 4.48% | 6.83% | 12.80% | ||
| Information Ratio*** | -1.36 | -1.24 | -0.57 | -0.10 | -0.39 | 0.27 | ||
| Months>Benchmark | 25% | 39% | 43% | 46% | 46% | 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 June 30, 2020: $152,128.