Maximum Drawdown News Today

On the surface, U.S. stock indexes like the S 500 lately seem to move in only one direction: up. The same cannot be said for their individual member stocks.

This article was first published as part of the Friday Briefing series, which is available exclusively to Investment Week members each week.

The best performing funds of 2023 offered the ability to double an investment, although poor timing would have resulted in losses of more than a third

Backtesting is as an analytical tool used by traders to assess the viability and effectiveness of their trading strategies. It involves testing a strategy with historical market data to evaluate how it would have performed in the past

Growth biased funds suffered the worst maximum drawdown in 2022.

Investment Week reveals the UK equity funds with the best and worst maximum drawdown for 2022.

FTXN is an ETF based on a Nasdaq Oil & Gas Index. The Index construction is highly mechanical. See why I would not invest in FTXN.

MVO is an energy trust and pure play on crude oil prices. Its performance over the past 10 years has significantly lagged the S&P. Read more here.

VOC is an energy trust with nearly 100% crude price exposure. Click here to read why market fundamentals are bearish for VOC.

UCO is a high-risk, double-long oil market exposure. The Fund attempts to track an index on a daily basis. See why I conclude oil futures prices are overvalued.