And just like that….we’ve wrapped up another year and the final scores have been posted across the various asset classes.

Positives: Every. Single. Asset. Class. Ended. In. The. Green. This is a far cry from where we ended out last year where everything (besides cash) was in the red. U.S. Stocks, World Stocks, and U.S. Real Estate were the big winners of the year all posting +20% returns, making it one of the longest equity returns EVER.

Not so positives: Late harvests and tariff wars took their toll on commodities over the year, while Bonds, Hedge Funds, and Managed Futures couldn’t quite get into the double digit club. Although, as we’ve talked about before – they’re not actually trying to keep pace with equities.

p.s. If you’re interested in our take on performance in the year to come, check out our Manged Futures Outlook 2020. 

 

Past performance is not necessarily indicative of future results.

Sources: Managed Futures = SocGen CTA Index,

Cash = US T-Bill 13 week coupon equivalent annual rate/12, with YTD the sum of each month’s value,
Bonds = Vanguard Total Bond Market ETF (NYSEARCA:BND),
Hedge Funds = IQ Hedge Multi-Strategy Tracker ETF (NYSEARCA:QAI)
Commodities = iShares S&P GSCI Commodity-Indexed Trust ETF (NYSEARCA:GSG);
Real Estate = iShares U.S. Real Estate ETF (NYSEARCA:IYR);
World Stocks = iShares MSCI ACWI ex-U.S. ETF (NASDAQ:ACWX);
US Stocks = SPDR S&P 500 ETF (NYSEARCA:SPY)

All ETF performance data from Yahoo Finance.