Last Week's Wild Ride, in Context

No doubt that last week took the wind out of more than a few sails as the broader market took quite a beating. A quick peak at my Covestor standings (as of today) suggests I fared even worse than the overall market. Indeed, a similar trend over the same time period (roughly the past month) can be seen in the performance graph (my performance is the darker of the two lines) taken directly from my FolioFN account:

Of course, such is the nature of short-term performance measures. I waited a year to start this blog in part to be sure that I had at least that much performance data to share. Even a single year is on the low end of my comfort zone for judging portfolio performance.

Viewed in the context of the past 12 months worth of performance data, you can see that while my positions did fall pretty far, pretty fast last week, they did so from quite a bit higher of a starting point than the broader market:

Covestor appears to be gearing up to display member rankings, but with only a few months worth of data (and significantly less than that for a lot of their newer members), I hope they delay the launch of that feature until they have a critical mass of reasonably useful data. If not, those rankings may well be as volatile as last week's wild ride.