2020 Year-end MFO Ratings Update

Yesterday, Sunday, 3 January, all fund risk and return metrics, ratings, and analytics were uploaded to MFO Premium, reflecting performance through December 2020.

 

Given how far markets tumbled in March, most funds ended the year in positive territory, some very positive.

 

To illustrate, here’s this year’s performance of the Dodge & Cox fund family, one of the best:


 

Despite March max drawdowns (MAXDD), some at 30%, all six funds show a current drawdown (CDD) of zero … ALL recovered and then some. Its relatively young Global Bond fund (DODLX), which David profiled shortly after launch in 2014, returned 11.9% for the year. DODLX is on the MFO Honor Roll, which means it has delivered top quintile absolute returns in its category over the past 1, 3 and 5 years. Both bond funds recovered in 2-3 months, while the equity funds took 8-9.

 

Hard to believe! But, I’m glad.

 

Looking at the same metrics for State Street’s SPDR (pronounced “spider”) Sector ETFs (using a PreSet screen in MultiSearch), shows eight of the 11 are positive for the year, two down only 2%, with only one sector still down badly … energy, XLE.

 

The year-end data have always been my favorite to explore. Please enjoy.

 

One heads-up: If you do have some time tomorrow, Tuesday, 5 January, we will be conducting two webinars as described here. The first will feature my colleague Lynn Bolin, who writes often for MFO and Seeking Alpha. The second will be a general overview of the premium site … a zoom-out (NPI), back-to-basics review.

 

As always, if you see anything amiss or have suggestions for improvement, let us know and we will respond soonest.