Monday, June 23, 2014

Performance Update - YTD through June 20, 2014

The Chump portfolio continues to chug along in 2014, increasing its lead over the benchmark S&P 500 year to date.

Here is the performance of several indices through Friday, source is Morningstar, and returns include reinvested dividends:

The best performing index is the S&P 500, with a YTD return of 7.24% with dividends reinvested.  Interestingly, most money managers report the S&P 500 without dividends reinvested, which is disingenuous at best.  Here are a few examples:

  • M* (above) 7.24%
  • CNN Money reports 6.11% YTD
  • From YCharts, I calculate the return as 6.46%
  • Yahoo Finance, 4.78%
  • Etc....  pretty hard to find accurate data, which is a bit surprising

At any rate, the Chump IRA finished Friday at a new record high, with a YTD return of 10.74%.  So regardless of the benchmark, my IRA is beating it pretty handily.  Using the 7.24% from M*, Chump is beating by 3.5% absolute, or by 48.34% when you calculate percentage outperformance.

Here is summary of activity the past two weeks:
  • Closed my position in INTC (see blog on this topic)
  • Grew cash position to around 3.5 %
  • Received dividends from CSX, DOV, MCD, and O all of which were reinvested
  • Started a 1/3 position in Baxter (BAX)



  1. Chump,
    I would believe Morningstar for total return.
    CNN Money provides return w/o divs.
    Yahoo provides return w/o divs.
    Also when you click on YTD on Yahoo finance chart is calculates from Jan2 instead of Dec 31. When you change the start date to Dec 31, it gives you the same YTD as CN Money (Index return, no divs).

    The Canadian

    1. Yes, I forgot to mention start date, M* uses the S&P close of year price from Dec. 31, vs. the 1st trading day in January open price, which gives a different result as well.....

      How's you're hedge fund doing YTD? Keeping up with the Chump?

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    3. I think Chump is holding a slim lead. We slid a little this week. Up 9.75% YTD as of close yesterday. This was with average of 73% of equity invested over the same period and a nice Sharpe ratio of 2.4 since inception.

      The Canadian

    4. Good performance for a Canadian, eh?