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# Portfolio Performance - May'26
- URL: https://www.huntingalphas.com/portfolio-performance-may26/
- Published: 2026-06-06T06:36:10.000Z
- Updated: 2026-06-06T06:36:10.000Z
- Description: May'26: ~7.5% annualized alpha, Sortino 2.0, IR 0.67, low max drawdowns. Live, real-money portfolio.
- 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 30 Apr'26 time period.*

## Summary

### Monthly performance dashboard

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-13.png)

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-14.png)

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-15.png)

### Strong risk-adjusted performance metrics

- Daily/weekly Sharpe: 0.89/1.11, assuming 0% risk-free or hurdle rate.
- Daily/weekly Sortino: 1.12/2.00, assuming 0% risk-free or hurdle rate.
- Daily/weekly annualized alpha: of 8.3%/7.5% vs SPY AUD benchmark.

*Value addition measures are high.*

### Results are based on a very large, diverse sample size

- Average of 133 tickers bet on over 22 months.
- 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 1.5-2.5x.
- 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

### Portfolio (AUD) vs SPY AUD

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-16.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
- \>7% annualized alpha vs SPY AUD benchmark in daily and weekly timeframes
- High upside-to-downside capture, indicating a highly convex (asymmetric) return profile vs SPY AUD.

## Active Stock Pick Selection Analytics

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-22.png)

- Overall win rate averages are in the low 40%, but average win is almost 2x average loss, leading to a profit factor of 1.4-1.6.

## More Details on Portfolio Performance Profile

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-17.png)

- Mostly sustained outperformance, but I lagged the sharp market rebound in May'26.

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-18.png)

- Lagging the May'26 rebound has reduced active return gains to nearly 0\. Now the portfolio has merely matched market returns.

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-19.png)

- But from a risk-adjusted performance perspective, the annualized alpha based on daily return series is still very good at around 8%. It has consistently tracked above 4%.

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-20.png)

- The rebound in my portfolio in May'26 was not as complete as what the SPY AUD did.

![](https://storage.ghost.io/c/51/53/51536a0e-598d-4a2b-84c8-fde2ea3bb5a0/content/images/2026/06/image-21.png)

- Active return drawdowns has climbed up to >10.00%.

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## Takeaway

These are strong risk‑adjusted results for a diversified, long‑only equity strategy by typical institutional benchmarks.

[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/)**.*