HCB Investment Management Profile Picture Investment Adviser

HCB Investment Management

HCB Investment Management

  • EducationMBA, Carnegie Mellon University
  • Founded2005

Tactical Energy

The Tactical Energy portfolio invests in energy exploration and production (E&P) companies. It makes its allocations based on a structured process and seeks to deliver risk-adjusted returns that may offer better value than buy-and-hold investments in the energy E&P sector.

Risk score

Risk Score 4

Best 30 days


Worst 30 days


  • 5.9%
    30 day
  • -2.3%
    90 day
  • -22.3%
    365 day
    May 29, 2013
Monthly vs S&P500
HCB Investment Management - Tactical Energy Monthly vs S&P500
-38.9% 12 months
  • $10,000 investment min
  • Margin account required
  • 1% fee


  • Equity Fund
  • Commodity Fund

Top 5 securities View all


Portfolio commentary

  1. Energy stocks will still be stressed in 2015

    20 January 2015

    The energy price swoon has hit the energy and production sector hard.

  2. Oil prices: What’s the futures market is telling us 25 November 2014
  3. Read this before you invest in energy ETFs 24 September 2014
  4. How to keep your investing emotions in check 24 August 2014
  5. Political instability has pushed up oil prices 19 June 2014

show more

Performance detail

  • Manager (net of fees)
  • S&P Oil & Gas E&P


Covestor inception May 29, 2013

as of March 03, 2015 Manager (net of fees) S&P Oil & Gas E&P S&P 500
Past 30 days 5.9% 9.5% 5.9%
Past 90 days -2.3% -0.4% 2.1%
Past 365 days -22.3% -26.4% 16.5%
Since Covestor inception (Annualized) -9.6% -9.9% 17.4%
2015 (YTD) 3.4% 5.6% 2.7%
2014 -23.5% -29.4% 13.7%

Risk metrics

Last 365 days

as of March 03, 2015 Manager (net of fees) S&P Oil & Gas E&P S&P 500
Best 30 days 12.7% 25.3% 9.7%
Worst 30 days -25.6% -28.9% -6.7%
Volatility 27.3% 36.3% 11.6%
Sharpe Ratio - 0.82 - 0.73 1.43
Sortino Ratio - 0.97 - 0.96 2.01
Maximum Drawdown -38.4% -48.7% -7.3%
Value-at-risk (95%, 1 week) -6.3% -8.4% -2.7%
vs. S&P Oil & Gas E&P vs. S&P 500
Information Ratio 0.29 - 1.62
Alpha -4.5% -39.8%
Beta 0.71 1.14
R-Squared 0.88 0.23
  • $10,000 investment min
  • Margin account required
  • 1% fee

Latest transactions View all

Average trades per month 4.3
Executed Symbol Security Replicable Type Price
03/02/15 XOP SPDR S&P Oil & Gas Exploration & Production ETF Yes Buy $50.29
03/02/15 SPY SPDR S&P 500 ETF Trust Yes Sell $211.52
03/02/15 USO United States Oil Fund LP Yes Sell $18.33
02/05/15 USO United States Oil Fund LP Yes Buy $19.12
02/05/15 SPY SPDR S&P 500 ETF Trust Yes Buy $205.56
02/05/15 SPY SPDR S&P 500 ETF Trust Yes Buy $205.86
02/05/15 USO United States Oil Fund LP Yes Buy $18.99
02/05/15 XOP SPDR S&P Oil & Gas Exploration & Production ETF Yes Sell $52.02

Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of the portfolio manager's account is calculated by Covestor on a daily time-weighted basis, including cash, dividends and earnings distributions and broker commissions. Manager returns include trades and positions that fail Covestor's trading rules, as a result, actual client returns will differ. Covestor advisory fees are simulated and applied retro-actively to present the portfolio return "net-of-fees".
  3. Average client returns are calculated by Covestor and are composed of the average, time-weighted returns of all active client investments (some of which may contain investment restrictions) to the underlying portfolio. These daily average returns are then linked together for the timeframe presented. These returns include cash, dividends, earnings distributions, brokerage commissions and Covestor advisory fees.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified. The investment minimum is the minimum investment required to follow a particular portfolio. The minimum amount is determined by Covestor, based on the characteristics of the underlying portfolio. It should not be considered as specific investment advice for your investment situation.
  5. The performance charts are provided for informational purposes only, and should not be used as the basis for making an investment decision. Variables such as corporate actions or foreign exchange may affect daily performance displays. We rely on mathematical formulas, computer programs, and pricing information from third-party vendors to provide these returns. Neither Covestor nor any of its data or content providers shall be liable for any errors in this information or any actions taken by you in reliance upon this information.
  6. Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations. Benchmarks presented are total return and therefore inclusive of cash, dividends and earnings distributions but not transaction costs. More
  7. Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
  8. All Portfolio Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Portfolio Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request. Portfolio classifications are provided by Covestor, and are intended to serve as a general guide.
  9. Transactions that are marked as "Replicable" passed Covestor's trading rules and were eligible for replication at the time of execution, subject to individual client constraints. Eligibility for replication may change over time. Actual client investment trade activity may vary.
  10. Index returns do not reflect any management fees, transaction costs or expenses. Individuals cannot invest directly in an Index.