Current Snapshot
Institutional Futures Program
Tactical Futures Composite
Comparisons
Basics

Benchmark Comparisons

The following table shows that Tactical managed futures have a low correlation with stocks and bonds, a high correlation with managed futures, and above average returns during the more than 40 years since our inception.

 
Corr Coef
Cmpd Rtrn
Tactical Institutional Commodity Program    
4/1/93 inception - 6/30/23
15.2%
Stocks - SP 500 Total Return Index
-0.09
7.0%
Bonds - US TBond Total Return Index
0.10
4.6%
Managed Futures - Barclay CTA Index
0.70
4.5%
 
Tactical Commodity Trading Program    
7/1/81 inception - 6/30/23
15.6%
Stocks - SP 500 Total Return Index
-0.04
9.3%
Bonds - US TBond Total Return Index
0.05
7.3%
Managed Futures - Barclay CTA Index
0.74
7.3%

The correlation coefficients are calculated using monthly returns. Compound annual returns are calculated over the periods indicated. Indices include reinvested dividends and/or interest. Note that no assurance can be made that these relationships will hold in the future or that an investor in Tactical will not lose money.

Remember that a correlation coefficient is always in the range -1.0 to +1.0. The closer to +1.0, the more completely correlated are the monthly returns of the two investments; the closer to -1.0, the more completely they are inversely correlated. When the returns of two investments have low correlation, their correlation coefficient is closer to zero, often between -0.25 and +0.25.

Sources of data:
Haver Analytics (1981 - 2021)
S&P Dow Jones Indices LLC (2022 - current)
Barclay Hedge (1981 - current)

US Tbond Total Return Index represents Haver 10yr Tnote Total Return Index from 1981 - 2021 and S&P US TBond Total Return Index from 2022 - current

Data sources are believed to be accurate but there are no guarantees or warrantees for the data.


Investing with Tactical is designed for sophisticated investors who are able to bear a substantial or entire loss of their investment. Before seeking this advisor's services read and examine thoroughly the Disclosure Document.