OUSA: Waiting for Pullbacks Could Prove Costly

September 24, 2021

U.S. Large Caps

Aside from the global pandemic, OUSA suffered only 1 pullback greater than 10% in the past 3 years. Investors waiting for a pullback to invest could have missed big returns.

13.5% annualized 3-year return: OUSA generated a cumulative return of 46% for the 3-year period ending 8/31/2021.

Outperformed Value with less risk since inception, 7/14/2015. OUSA has outperformed by approximately 200 bps per year vs. Value.

Less risk, defense when it matters? OUSA has outperformed Value with lower volatility. OUSA has only captured 85% of market downside vs. 109% for Value, using the S&P 500 as the reference benchmark.

Source: Bloomberg, Performance Data as of 08/30/2021. For OUSA standardized performance please click here.
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost.
Returns for periods longer than 1 year are annualized.
Volatility (S/I): Annualized daily standard deviation from inception date (7/14/2015).
Upside/Downside Capture Ratio: Measure to demonstrate relative performance against a broad benchmark during periods of market strength or weakness. Reference benchmark: S&P 500.
Performance is measured as mean return. S/I: Inception Date: 07/14/2015.
Upside/Downside Capture: Since Inception 07/14/2015.

Definitions:
Basis Point:
One basis point is equal to 0.01%, or one one-hundredth of a percent and 100 basis points equals 1%.
Volatility: A statistical measure of risk. Volatility can either be measured by using the standard deviation or variance between returns from a security or market index. Commonly, the higher the volatility, the riskier the security. The 260-day price volatility equals the annualized standard deviation of the relative price change for the 260 most recent trading days closing price, expressed as a percentage.

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