Sparrow Capital Management Profile Picture Investment Adviser

Sparrow Capital Management

CIO and Senior Portfolio Manager,Financial Services,Sparrow Capital Management

  • EducationWashington University
  • QualificationsMBA
  • Investment Experience20 years
  • Founded1988

Hard and Soft Commodities

My Hard and Soft Commodities portfolio is an alternative investment for stock and bond investors. It also is designed to act as a potential hedge against inflation. It purchases long-only Exchange Traded Funds (ETFs), including the SPDR Gold Trust (GLD) and the iShares Silver Trust (SLV).

Risk score

Risk Score 4

Best 30 days


Worst 30 days


  • -2.2%
    30 day
  • 2.0%
    90 day
  • -6.4%
    365 day
    April 08, 2011
Monthly vs S&P500
Sparrow Capital Management - Hard and Soft Commodities Monthly vs S&P500
-19.2% 12 months
  • $10,000 investment min
  • 0.5% fee


  • Commodity Fund
  • Equity Fund

Top 5 securities View all


Portfolio commentary

  1. US economy: Why the glass is half full

    15 March 2015

    Warmer weather in much of US will get American consumers spending again.

  2. Why we are bullish on stocks 27 January 2015
  3. Why October may present a buying opportunity for stocks 7 October 2014
  4. Strong earnings may power markets higher 22 July 2014
  5. Here’s why I’m still overweight in stocks 16 April 2014

show more

Performance detail

  • Manager (net of fees)
  • Dow Jones UBS Commodity Index


Covestor inception April 08, 2011

as of March 31, 2015 Manager (net of fees) Dow Jones UBS Commodity Index S&P 500
Past 30 days -2.2% -5.1% -1.6%
Past 90 days 2.0% -5.9% 1.0%
Past 365 days -6.4% -27.0% 12.7%
Since Covestor inception (Annualized) -8.3% -13.3% 14.2%
2015 (YTD) 2.0% -5.9% 1.0%
2014 -6.1% -17.0% 13.7%
2013 -22.6% -9.5% 32.4%
2012 9.8% -1.1% 16.0%

Risk metrics

Last 365 days

as of March 31, 2015 Manager (net of fees) Dow Jones UBS Commodity Index S&P 500
Best 30 days 9.4% 4.7% 9.7%
Worst 30 days -6.9% -9.8% -6.7%
Volatility 11.1% 12.0% 12.0%
Sharpe Ratio - 0.58 - 2.25 1.06
Sortino Ratio - 0.85 - 3.12 1.50
Maximum Drawdown -13.0% -30.1% -7.3%
Value-at-risk (95%, 1 week) -2.6% -2.8% -2.8%
vs. Dow Jones UBS Commodity Index vs. S&P 500
Information Ratio 1.78 - 1.39
Alpha 8.2% -9.4%
Beta 0.46 0.27
R-Squared 0.25 0.08
  • $10,000 investment min
  • 0.5% fee

Latest transactions View all

Average trades per month 0.1
Executed Symbol Security Replicable Type Price
01/23/13 MOO Market Vectors Agribusiness ETF Yes Buy $55.70
01/23/13 SLV iShares Silver Trust Yes Buy $31.27
01/17/13 GLD SPDR Gold Shares Yes Sell $163.51
05/10/12 GLD SPDR Gold Shares Yes Buy $154.85
04/30/12 SLV iShares Silver Trust Yes Sell $30.10
04/11/11 SLV iShares Silver Trust Yes Buy $39.76
04/11/11 GLD SPDR Gold Shares Yes Buy $143.01

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.