Julex Capital Management Profile Picture Investment Adviser

Julex Capital Management

Julex Capital Management

Dynamic Focus

The Julex Dynamic Focus portfolio only invests in macro asset classes that our investment team believes can outperform in the current risk environment. This global multi-asset class strategy attempts to beat the Dow Jones Moderately Aggressive Index with lower volatility and lower peak-to-trough drawdowns. It invests in exchange-traded products (ETPs) in both U.S. and international stock and bond markets, as well as gold, energy, commodities, emerging market securities, and real estate.

Risk score

Risk Score 3

Best 30 days


Worst 30 days


  • -2.2%
    30 day
  • -3.2%
    90 day
  • 2.0%
    365 day
    June 24, 2013
Monthly vs S&P500
Julex Capital Management - Dynamic Focus Monthly vs S&P500
-10.7% 12 months
  • $10,000 investment min
  • Margin account required
  • 1.5% fee


  • Replicable

Top 5 securities View all


Portfolio commentary

  1. This could be the ultimate contrarian investment right now

    15 October 2014

    Despite the negative headlines on Africa, the fact is the region offers some of the highest economic growth rates in the world.

  2. 5 tips to weatherproof your portfolio 6 October 2014
  3. 3 lessons for investors after Bill Gross exits Pimco 2 October 2014
  4. How often should investors expect 5% market corrections? 4 August 2014
  5. What could derail this rally? Four things investors should watch 21 July 2014

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Performance detail

Pre-Covestor performance history

  • Manager (net of fees)
  • Dow Jones Moderately Aggressive


Covestor inception June 24, 2013

as of October 23, 2014 Manager (net of fees) Dow Jones Moderately Aggressive S&P 500
Past 30 days -2.2% -1.5% -1.5%
Past 90 days -3.2% -2.9% -0.9%
Past 365 days 2.0% 5.7% 14.0%
Since Covestor inception (Annualized) 9.3% 14.2% 20.0%
2014 (YTD) -1.4% 3.0% 7.3%

Risk metrics

Last 365 days

as of October 23, 2014 Manager (net of fees) Dow Jones Moderately Aggressive S&P 500
Best 30 days 8.9% 6.4% 7.9%
Worst 30 days -7.9% -5.6% -6.7%
Volatility 12.6% 7.3% 10.9%
Sharpe Ratio 0.16 0.78 1.28
Sortino Ratio 0.21 1.00 1.68
Maximum Drawdown -11.2% -6.9% -7.3%
Value-at-risk (95%, 1 week) -2.9% -1.7% -2.5%
vs. Dow Jones Moderately Aggressive vs. S&P 500
Information Ratio - 0.50 - 1.82
Alpha -5.1% -10.8%
Beta 1.48 0.99
R-Squared 0.73 0.73
  • $10,000 investment min
  • Margin account required
  • 1.5% fee

Latest transactions View all

Average trades per month 1.4
Executed Symbol Security Replicable Type Price
10/14/14 MLPI ETRACS Alerian MLP Infrastructure Index ETN Yes Sell $40.00
10/10/14 MLPI ETRACS Alerian MLP Infrastructure Index ETN Yes Sell $42.30
10/02/14 SPY SPDR S&P 500 ETF Trust Yes Buy $193.70
10/02/14 VNQ Vanguard REIT ETF Yes Sell $71.39
09/02/14 MLPI ETRACS Alerian MLP Infrastructure Index ETN Yes Sell $46.12
09/02/14 MLPI ETRACS Alerian MLP Infrastructure Index ETN Yes Sell $46.13
09/02/14 VNQ Vanguard REIT ETF Yes Buy $77.11
09/02/14 VWO Vanguard FTSE Emerging Markets ETF Yes Sell $45.36

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.
  11. This portfolio was launched on Covestor on June 24, 2013. Trading history prior to launch was reviewed and deemed consistent with current portfolio strategy. This data is included in the main performance chart (displayed as dotted line) but not in the performance metrics below. This data has not been audited by an independent firm.