ACCRE: Another solid month

ACCRE was positive again in July, and (not surprisingly) turned in significantly better numbers than the S&P.  Specifically, ACCRE showed a 2.16% return for the month compared to 1.31% for the S&P.  (NAREIT statistics are not yet in.)  Overall, a dollar invested in ACCRE at the inception would be worth $1.58 today, compared to $1.26 for that same dollar invested in the S&P.

Dollar Invested 7 31 19

Part of the success of ACCRE is its lack of correlation with the S&P.  Overall, since the inception, ACCRE and the S&P only have a 42.2% correlation.  Hence, ACCRE enjoys stability in times of volatility, and thus adds diversification to a stock portfolio.  For the month of July alone, the correlation fell to 29.5%.  Hence, the significant swings in the overall stock market were mostly unfelt at ACCRE.

Subscribers will receive a more in-depth snapshot later this weekend.  We’ve recently added some holdings to our portfolio, and will probably re-align some holdings as August progresses.  Best wishes for a great weekend!


Leave a Reply

Your email address will not be published. Required fields are marked *