Scarecrow #2
Copernicus is one of the better performing ITA portfolios. Set up to invest primarily in U.S. Equities the current portfolio is carrying an excess amount of cash as better buying opportunities are anticipated sometime in 2026.
Copernicus Security Holdings
Below is the current security holdings within the Copernicus portfolio. Numerous limit orders are in place to add more shares of VOO and VYM.
The majority of shares of SHV were sold out of the portfolio to raise cash to purchase more shares of VOO and VYM. Since November and December tend to be strong months for equities, plan to wait until 2026 before many of the limit orders are activated.
Copernicus Portfolio Performance
Since 12/31/2021 the Copernicus has performed very well compared to all potential benchmarks. As with other portfolios we look to the Risk Ratios data to see how the portfolio is either growing or regressing with respect to the AOR benchmark.
Copernicus Risk Ratios
- The slope of the Jensen is positive. Encouraging.
- Sortino Ratio is increasing. Encouraging.
- While the Jensen Performance Index is higher than it was a year ago, it slipped over the last two months. This is due to taking money out of equities and placing it in treasuries. Of concern, but patiently waiting for some volatility to work in our favor in 2026.
- The Treynor is very high. This happens when the portfolio is doing very well despite the very low beta value. Treynor is highly dependent on the beta value and this is why I don’t pay too much attention to its action.
- Like the Jensen, the Information Ratio declined over the last few months indicating the portfolio is not keeping pace with the AOR benchmark. Of concern.
Comments and Questions are always welcome.
Questions To Ask Your Money Manager
Buffett Indicator & Shiller PE Ratio
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