Understanding the TangoETF Moderate Portfolio Results

The TangoETF Portfolios make trades based on a computer automated trading system and thus the results will differ slightly from the actual brokerage trades made in real-time. The results are slightly different because the automated trading system uses the "End of Day" data and the brokerage trades are made during the day (not at the end of day).

Typically, the actual brokerage trades are made in the early morning but some are made at various times of the day. This makes the prices paid for computer trades and brokerage trades different. Also, the computer trades have no transaction fee expenses and brokerage trades have all the transaction fee expenses charged by the brokerage, this also makes a slight difference in the two different results.

A separate brokerage account for the Moderate Portfolio and Aggressive Portfolio is maintained at the brokerage (in our case, Fidelity), so the dollar gain can be shown as well as the percentage gain. Subscribers will have similar differences from the computer trading results for the same reasons described above.

Computer Trading System Results - Moderate

The chart below shows the real time computer trading system results for the TangoETF (Moderate) Portfolio. The red line ETF6X is the equity curve since inception of 04/03/07 to 10/31/08 which has a total return of  17.91%, annualized return of 10.91%, Maximum Drawdown of 6.31%, this is compared to the SP500 total return of -32.00%, annualized return of -21.52%, MAX DD -45.67%. This is a short history but real results.

Chart by www.fasttrack.net  will be update occasionally.


Real-Time Brokerage Trading Results - Moderate

The second chart below shows the brokerage trading results. The red line in this case ETmoa is the equity curve since inception of 04/03/07 to 10/31/08 which has a total return of  16.18% or annualized return of 9.88% this is compared to the SP500 total return of -32.00% or annualized return of -21.52%.  

The two charts above are different because the computer is end of day and realtime is sometime during the day, the difference in spread, commissions and any other fees that are included in real time and not in the computer chart. 

For the same period above the brokerage account is showing a gain of $8949 This account started with $60,000.

Chart by www.fasttrack.net  will be update occasionally.