> ## Content Index > Fetch the complete content index at: https://www.huntingalphas.com/llms.txt > Use this file to discover other available public pages before exploring further. # Portfolio Performance - Jan'26 - URL: https://www.huntingalphas.com/portfolio-performance-jan26/ - Published: 2026-02-22T16:45:12.000Z - Updated: 2026-03-01T18:36:26.000Z - Description: Jan'26: >11% alpha, Sortino 3.0, IR 1.2, rare factor exposures style, low drawdowns. Strategy scalable to >$100M AUM. Live real-money. - Author: Vish (Hunting Alphas) - Tags: Performance *Portfolio context is detailed in the* [*About*](https://www.huntingalphas.com/about) *page.* *Performance metrics here are for the 1 Jul'24 to 31 Jan'26 time period.* ## Summary ### Monthly performance dashboard ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/image-17.png) ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/image-23.png) ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/CumPerfMonthly-Jan-26.png) ### Strong risk-adjusted performance metrics - Daily/weekly Sharpe: 1.16/1.51, assuming 0% risk-free or hurdle rate. - Daily/weekly Sortino: 1.45/3.02, assuming 0% risk-free or hurdle rate. - Daily/weekly annualized alpha: of >11% vs SPY AUD benchmark. *Value addition measures are high.* ### Results are based on a very large, diverse sample size - \>1,000 tickers bet on over 19 months. - Return contributions are broad-based across market caps, sectors and industries. - Aggregate returns profile is made up of many contributions of small positions rather than a reliance on a few concentrated winners. *Diverse sources of returns reduces dependency on favorable market regimes.* ### Minimal catastrophic tail risk and scalable - Long-only, zero leverage strategy investing in global stocks and related traditional ETFs without any inverse, ETN or other derivative exposures in mostly Developed markets. - Positive skew in both overall portfolio and ticker-level return, contribution to return distributions. - Low max drawdowns, low beta, upside to downside capture ratio of almost 3x. - Market impact analysis suggests this portfolio is largely scalable to >USD 100M AUM. *The strategy is suitable to manage a large amount of capital in order to grow wealth over a long period of time with dramatically reduced volatility along the way.* --- ## Performance vs SPY AUD, Developed 5 Factor + Developed Momentum Factors ### Portfolio (AUD) vs SPY AUD ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/image-7.png) *These metrics are computed using an annualized AUD risk-free/hurdle rate of 0%, which is an industry standard for comparability purposes.* - Much lower max drawdowns vs SPY AUD benchmark - \>11% annualized alpha vs SPY AUD benchmark - \~3x upside-to-downside capture, indicating a highly convex return profile vs SPY AUD. ### Portfolio vs [Developed 5 Factor](https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/Data%5FLibrary/f-f%5F5developed.html?ref=huntingalphas.com) \+ [Developed Momentum](https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/Data%5FLibrary/f-f%5F5developed.html?ref=huntingalphas.com) Factor Regressions ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/03/image-7.png) - Positive but not statistically significant (p-val > 0.1) alpha for now. - Low-beta strategy (statistical significance across all timeframes) - Negative coefficient tilt to all Developed 5 Factor + Developed Momentum Factors (statistical significance for Profitability, Investment, Momentum factors in daily and weekly regressions) - Combination of negative-profitability, high-investment, anti-momentum and low-beta factors makes for a rare factor exposure style --- ## Contribution to Return (CTR) Analytics ### Overview ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/image-9.png) - Most of the CTR comes from active picks, not benchmark exposure trades - A huge, almost 1,100 sample size of ticker bets increases robustness of the strategy's performance stats ### CTR, Return and Average Weight Distributions ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/CTRD-Jan-26-1.png) ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/Returns-Distribution-excluding-FX-1.png) ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/AvgW-D-Jan-26.png) - Histograms show that return contributions have a clear positive skew and is comprised of the aggregate of many small bets rather than a small number of outsized winners. ### Sector and Industry CTR Drivers ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/CTR-Sector-Jan-26.png) ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/CTR-Industry-Jan-26.png) - CTRs of active satellite picks are broad-based across sectors and industries ### Analysis of scalability; MCAP and Market Impact CTRs ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/image-11.png) - Minimal return contributions from smallcaps, microcaps and nanocaps. ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/03/image-21.png) - Under conservative average daily traded value (ADV) assumptions, most return contributions are scalable to USD 100M AUM. ### Top Contributors and Detractors ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/image-10.png) - Top contributors are meaningfully larger than top detractors, showing positive return skew. - Grey-highlighted names are core index positions (beta exposure rather than alpha drivers). - Peach-highlighted names are FX movements. - Blue-highlighted name represents a rare, high conviction satellite position. - Pink-highlighted name is a rare mistake of investing in a highly illiquid stock. --- ## More Details on Portfolio Performance Profile ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/PvsB-CumRet-Jan-26.png) - Sustained outperformance, smoother, more consistent equity curve rise ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/AlphaD-Jan-26-1.png) - Sustained annualized alpha in the double-digits ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/PvsB-DD-Jan-26-1.png) - Much lower drawdown profile vs benchmark ![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/02/ActRetDDs-Jan-26.png) - Lag vs SPY AUD benchmark has been contained to <1000bps --- ## Takeaway These are strong performance metrics by any institutional standard. [Join the Hunt for Alphas](https://www.huntingalphas.com/join) #### Disclosures and Disclaimers **Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*