Due to size constraints, the tables below only contain recent trades, although the totals at the top include everything since inception. The archive showing older trades is available here.
The tables below contain only closed trades. For open trades please see our Honest Board weekly roundup, published on Fridays after the close.
Medium term portfolio (The Money Game)
Closed trades since inception: 16
Closed trades which made money: 6
Closed trades which lost money: 6
Closed trades which broke even: 4
Ticker | Date entered | Date exited | Entry | Exit |
BNTX | 161.70 | 162 |
Short term portfolio (More Buyers or Sellers)
Closed trades since inception: 60
Closed trades which made money: 21
Closed trades which lost money: 31
Closed trades which broke even: 8
Equity portfolio
In our equity portfolio, we enter our active portfolio on the open on Monday, and exit on the Friday close (holidays permitting). The return in the table below is calculated from these values.
Some methodology is described here and here.
Cumulative performance relative to SPY since inception: 242bps
Week | Active portfolio | Return |
Short 8% XLF, long 8% XLB | -11bps | |
Short 5% XLK, long 5% XLV | 17bps | |
Short 8.3% XLI, long 8.3% EFA | 9bps | |
Short 5% XLY, long 5% XLU | -35bps | |
Short 7% XLF, long 7% XLV | 10bps | |
Short 7% XLF, long 7% XLP | 28bps | |
Short 6% XLF, long 6% XLU | 26bps | |
Short 5% XLI, short 5% XLV, long 3% XLP, long 7% XLB | 0bps | |
Short 5% XLI, long 5% EEM | -12bps | |
Short 5% XLI, long 5% EEM | -1bp | |
Short 6% XLY, long 6% IWM | -1bp | |
Short 10.5% XLV, long 8% XLP | -1bp | |
4th Dec 23 | Short 10.2% XLI, long 8% XLB | -14bps |
Global Asset Allocation portfolio
Our Balanced portfolio is benchmarked to 60% MSCI ACWI and 40% Bloomberg Global Agg, rebalanced weekly. As of 10th July 23 we can take views in growth, value, and international allocations, as well as whether to hedge our currency exposure on the equity component.
Returns in the table below are calculated using the Monday open to Friday close on any weight adjustments.
Cumulative return relative to benchmark since inception: -163bps.
Week | Portfolio | Return |
-10% IVW, 10% AGG, 10% UUP | -26bps | |
-10% IVW, 10% UUP | 22bps | |
-10% IVW, 10% AGG, 10% UUP | 4bps | |
-10% IVW, 10% AGG, 10% UUP, 10% ACWX | 6bps | |
-10% IVW, -10% IVE, 10% AGG, 10% IAGG | -2bps | |
-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG | -24bps | |
-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG | 11bps | |
-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG, 10% UUP | 49bps | |
-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG, 10% UUP | 76bps | |
-10% IVW, -10% IVE, -10% ACWX, 10% AGG, 10% IAGG, 10% UUP | -156bps | |
-10% IVW, -10% IVE, -10% ACWX, 10% IAGG | -20bps | |
-10% IVW, -10% IVE, -10% ACWX, 10% IAGG | -67bps | |
-10% IVW, -10% IVE, -10% ACWX, -10% UUP | -23bps | |
-10% IVW, -10% IVE, -10% ACWX, -10% UUP | -15bps | |
4th Dec 23 | -10% IVW, -10% IVE, -10% ACWX, -10%AGG | -4bps |
Absolute Return Portfolio
Our absolute return portfolio is benchmarked to cash. Positions are generally rebalanced at the close on the specified rebalance dates.
Rebalance Date | Portfolio |
7.4% GLD, 4.6% LMT, 5.3% XLU, 0.7% UVXY, 11.7% TIP, 4.4% ASHR, 3.6% EMLC, 1.8% KRE, 60.7% Cash | |
7.6% GLD, 4.4% LMT, 5.3% XLU, 11.7% TIP, 4.3% ASHR, 1.7% KRE, 1.4% SPY 430 put, -1.2% SPY 425 put, 64.8% Cash | |
7.6% GLD, 4.3% LMT, 5.3% XLU, 11.6% TIP, 2.5% Nov SPY 430 put, -2.0% Nov SPY 425 put, 70.8% Cash | |
7.3% GLD, 4.2% LMT, 16.9% TIP, 2.4% Nov SPY 430 put, -1.9% Nov SPY 425 put, 71.1% Cash | |
7.7% GLD, 4.6% LMT, 16.8% TIP, 0.7% Dec SPY 400 put, -0.5% Dec SPY 390 put, 70.7% Cash | |
11.4% TIP, 0.2% Dec SPY 400 put, -0.1% Dec SPY 390 put, 88.5% Cash | |
11.4% TIP, 0.1% Dec SPY 400 put, -0.1% Dec SPY 390 put, 3.5% BYDDY, 2.5% USO, 82.6% Cash | |
11.5% TIP, 0.0% Dec SPY 400 put, -0.0% Dec SPY 390 put, 3.6% BYDDY, 2.5% USO, 2.9% BAC, 0.9% SPXU, 78.7% Cash | |
11.4% TIP, 0.0% Dec SPY 400 put, -0.0% Dec SPY 390 put, 3.4% BYDDY, 2.5% USO, 2.8% BAC, 2.9% JETS, 0.9% SPXU, 76.1% Cash | |
11.4% TIP, 0.0% Dec SPY 400 put, -0.0% Dec SPY 390 put, 3.4% BYDDY, 2.8% BAC, 2.9% JETS, 0.9% SPXU, 78.6% Cash |
Bond portfolio
Our bond portfolio is benchmarked to the ETF AGG. Returns below are calculated as for the sector portfolio.
Some methodology is described here and here.
Cumulative performance relative to AGG since inception: -83bps
Discontinued as of 19th Sep 22.