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Old 24.11.2020, 21:32
Rozelina Rozelina is offline
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Re: VIAC 3rd Pillar - ROI seems off

Hi Dutch and thanks for your answer. I agree with the FX point, I completely missed that part. I am not sure though I understand what you mean by "SPY dropped...18%" Excluding Travel and Oil industry, pretty much everything else has doubled (in some cases tripled) price wise, with new ATHs. Donít you think VIAC funds seem to be underperforming vs VTI for example which is up ~70% since March bottom.

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1. SPI (Switzerland), World, US Equity markets all behaved differently, you cannot compare them to SPY (S&P) returns.
2. Evidence of this, SPY dropped circa 33% in March sell-off, while your strategy was only down 18%
3. There is a currency angle to be taken into account. SPY is all USD, your portfolio is not 100% USD. As example CHF is about 6% stronger compared to USD in 2020.

Bottomline, nothing sinister going on in VIAC. HTH.
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