DUDE Performance — Merlyn.AI SectorSurfer Momentum ETF
Data updated: 2023-12-14
DUDE returned −0.23% over one year to Sep 2023. The annualised 3-year return is −4.79%. The fund beat its Latin America Thematic Equity category average: $100 invested three years ago grew to $86, against $86 for the category, and to $100 over one year, against $100. Volatility over the past three years was 14.88% a year. In the 12 months to Sep 2023 the fund took in a net $233.8M, and assets reached $15.08M.
DUDE Growth of $100
What $100 invested in Merlyn.AI SectorSurfer Momentum ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Latin America Thematic Equity category average over the same months.
| Period | DUDE | Category average |
|---|---|---|
| 1 year (Oct 2022 – Sep 2023) | $100 | $100 |
| 3 years (Oct 2020 – Sep 2023) | $86 | $86 |
DUDE Trailing Returns
Total returns to Sep 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −0.23% |
| 3 years (annualised) | −4.79% |
DUDE Annual Returns
Calendar-year total returns of Merlyn.AI SectorSurfer Momentum ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Sep) | −1.35% |
| 2022 | −23.53% |
| 2021 | +14.41% |
| 2020 (Oct–Dec) | 0.00% |
DUDE Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +2.9% | −6.6% | +5.5% | −5.1% | −1.3% | +9.0% | +4.8% | −2.9% | −6.4% | — | — | — |
| 2022 | −8.4% | +3.6% | −1.9% | −6.5% | +1.2% | −7.0% | +1.4% | −2.0% | −7.1% | +0.8% | +2.0% | −1.7% |
| 2021 | +6.4% | +0.8% | −2.6% | +1.7% | −0.1% | +2.9% | −0.1% | +1.8% | −4.9% | +7.5% | +1.0% | −0.3% |
| 2020 | — | — | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% |
DUDE Risk
Risk measures from monthly returns over Oct 2020 – Sep 2023.
- 3-year volatility (annualised): 14.88%
- 3-year Sharpe ratio: -0.62 (vs 4.5% risk-free rate)
- Best month: +8.98% (Jun 2023)
- Worst month: −8.43% (Jan 2022)
DUDE Fund Flows
Monthly money in and out of Merlyn.AI SectorSurfer Momentum ETF, from SEC Form N-PORT.
- 12-month net flow: $233.8M
- 12-month gross sales (incl. reinvestments): $94.5M
- Sales ÷ redemptions: -0.68×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2023 | $8.7M | −$12.2M | $20.9M |
| Aug 2023 | $6.1M | −$6.5M | $12.5M |
| Jul 2023 | $14.1M | −$14.1M | $28.1M |
| Jun 2023 | $4.3M | −$4.9M | $9.1M |
| May 2023 | $6.5M | −$7.7M | $14.3M |
| Apr 2023 | $14.3M | −$14.7M | $29.1M |
| Mar 2023 | $0 | −$11.4M | $11.4M |
| Feb 2023 | $39.2M | −$39.6M | $78.8M |
| Jan 2023 | $0 | −$1.5M | $1.5M |
| Dec 2022 | $0 | −$5.8M | $5.8M |
| Nov 2022 | $1.3M | −$11.5M | $12.8M |
| Oct 2022 | $0 | −$9.6M | $9.6M |
DUDE Assets Under Management
Net assets of Merlyn.AI SectorSurfer Momentum ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-09-29 | $15.08M |
| 2023-06-30 | $19.68M |
| 2023-03-31 | $21.64M |
| 2022-12-30 | $35.14M |
| 2022-09-30 | $62.29M |
| 2022-06-30 | $125.71M |
| 2022-03-31 | $194.20M |
| 2021-12-31 | $175.22M |
| 2021-09-30 | $164.79M |
| 2021-06-30 | $173.66M |
| 2021-03-31 | $146.65M |
| 2020-12-31 | $9.95M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.