Sunday, February 2, 2025

Vista Basket Up 4.8% in January 2025

The Vista Basket of 15 select long-dated commodity futures contracts closed at  $1,284,823.03 up $60,536.00 or 4.8% beating the major commodity index ETFs, DBC up 2.7%, DJP up 4.7% and GSG up 3.5% for the month. The total short-term (since 12/31/2023) and long-term performance (since Vista's 4/30/2009 inception) is shown below:

Vista compared to commodity ETFs for short-term.


Vista compared to commodity ETF long-term.

VISTA = Vista Commodity Basket
DBC = DB Commodity Index Fund Invesco
DJP = Ipath Commodity Index TR ETN
GSG = S&P GSCI Commodity-Indexed Ishares ETF
Continuously compounded performance normalized where 4/30/2009 = 1000.
Source for dividend adjusted closing prices: barchart.com

table of ccror rolling returns
Continuously compounded annualized returns.

Again, the conservative, largely dormant Vista Basket beats on all periods the headline commodity index ETFs that continually roll and re-roll their neaby contracts over and over within each year. The wisdom of one unavoidable roll per year plus Vista's superior selection criteria work to insure a fairer, lower volatility and more representative index. 

One may ask: Why show the ETFs? Why not show the actual index returns? The short answer is investors cannot own an index, only the ETFs (or other derivatives). Or one can try to replicate the indexes themselves-an onerous process, at best.  So the only way to fairly compare an investable basket is to other investable instruments-in this case, the ETFs. Note also, these are the largest, most liquid and seasoned ETFs in the commodity universe. 





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