Obsidian Shariah Compliant Portfolio (Sep 2021 update)

The Obsidian Shariah Compliant Portfolio is composed of 60 large cap. Shariah Compliant US stocks. It has outperformed the SPY and withstood the worst of the corrections over the last three years through systematic allocation of capital and strategically reverting to cash when necessary. Further, the unique volatility suppression methodology allows for more risk-averse positioning in challenging markets.

The figures below are for unleveraged positions, no shorting, gross of transaction costs and profit payouts:

• Obsidian improves both the Sharpe (2.4 vs. 0.7) and Sortino (3.6 vs. 0.8) Ratios and CAGR (37.4% vs 14.2%).

• It shifted significantly into cash during the March 2020 selloff and so avoided heavier losses.

• It spent less time in negative territory and recovered to the previous HWM quicker than the SPY (12 days vs. 102)

• The ‘worst’ rolling annual return is positive (16.6%) which means that in any given year it never lost money.

• Over the last 12 months it has had only one losing month (-0.9%)