PrimeETF Portfolio Update – November 2024


Happy Diwali & Halloween investors!

Let’s jump onto the PrimeETF portfolio performance.

Performance Overview:

For October, the PrimeETF Portfolio performed solidly, showing resilience despite market fluctuations due to the ongoing U.S. election season.

Here’s how each time period fared:

  • 1-Day: -1.99%
  • 1-Week: -1.35%
  • 1-Month: +0.62%
  • 3-Months: +8.79%
  • Total (since inception): +6.85%

Source: PrimeETF October 2024 Portfolio


Monthly Performance: Comparison Since Inception

Since its inception, the Prime ETF Portfolio has outpaced the S&P 500, highlighting its ability to deliver steady growth with lower drawdowns.

  • Prime ETF Portfolio Cumulative Performance: +6.85%
  • S&P 500 Cumulative Performance: +4.49%

Source: PrimeETF October 2024 Portfolio


Performance Analysis:

  • July 2024: The portfolio experienced a minor dip, similar to the S&P 500, but managed to limit losses better than the broader market.
  • August 2024: A strong recovery month, driven by gains in growth stocks and gold, resulting in a 3.4% gain.
  • September 2024: Continued growth as both the portfolio and the S&P 500 posted positive returns, with the portfolio outperforming again.
  • October 2024: Despite election-related volatility, the portfolio achieved a modest gain of 0.62%, maintaining its edge over the S&P 500.

The Prime ETF Portfolio’s diversified approach, blending growth stocks, gold, and real estate, has provided more stability than the S&P 500 over this period.

Source: PrimeETF October 2024 Portfolio


Asset Allocation:

The portfolio currently holds three key assets:

  1. IAU (Gold): +16.25%
  2. VUG (Growth Stocks): +1.16%
  3. VNQ (Real Estate): -0.42%

Gold (IAU) has been a strong performer, acting as a buffer against market volatility, while growth stocks (VUG) and real estate (VNQ) offer growth potential for the long term.

Source: PrimeETF October 2024 Portfolio


Market Volatility and News:

This month, market volatility was largely influenced by the upcoming U.S. elections, leading to some fluctuations in stock prices as investors reacted cautiously. However, our diversified portfolio remains well-positioned to handle such market fluctuations.

Next Month Rebalance:

No changes are planned for the upcoming rebalance. IAU, VUG, and VNQ continue to be the top-performing assets and will remain in the portfolio.

Disclosure and Disclaimer:

This portfolio update is for informational purposes only. Past performance is not indicative of future results. Investments involve risks, including the potential loss of principal. This is not financial advice; please consult a professional for personalized investment guidance.

Keep watching for more updates!

Best,
The PrimeETF Team

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