VRLIX Performance — Stone Ridge U.S. Hedged Equity Fund, Class I
Data updated: 2023-02-28
VRLIX returned −9.75% over one year to Oct 2022. The annualised 3-year return is +4.76%. The fund trailed its Commodities category average: $100 invested three years ago grew to $115, against $122 for the category, and to $90 over one year, against $96. Volatility over the past three years was 13.16% a year. In the 12 months to Oct 2022 the fund took in a net $17.9M, and assets reached $29.60M.
VRLIX Growth of $100
What $100 invested in Stone Ridge U.S. Hedged Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Commodities category average over the same months.
| Period | VRLIX | Category average |
|---|---|---|
| 1 year (Nov 2021 – Oct 2022) | $90 | $96 |
| 3 years (Nov 2019 – Oct 2022) | $115 | $122 |
| Since data start (Aug 2019 – Oct 2022) | $116 | $122 |
VRLIX Trailing Returns
Total returns to Oct 2022, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −9.75% |
| 3 years (annualised) | +4.76% |
VRLIX Annual Returns
Calendar-year total returns of Stone Ridge U.S. Hedged Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2022 (Jan–Oct) | −11.44% |
| 2021 | +17.02% |
| 2020 | +7.24% |
| 2019 (Aug–Dec) | +4.81% |
VRLIX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | −3.8% | −1.1% | +1.9% | −5.2% | 0.0% | −5.6% | +6.1% | −2.6% | −5.5% | +4.4% | — | — |
| 2021 | −0.2% | +1.7% | +3.1% | +3.2% | +0.1% | +2.1% | +1.1% | +1.8% | −2.6% | +3.7% | −0.4% | +2.3% |
| 2020 | −0.1% | −7.0% | −7.7% | +7.6% | +2.8% | +0.1% | +5.0% | +4.6% | −3.7% | −1.9% | +5.5% | +3.2% |
| 2019 | — | — | — | — | — | — | — | −2.0% | +2.1% | +1.3% | +2.0% | +1.4% |
VRLIX Risk
Risk measures from monthly returns over Nov 2019 – Oct 2022.
- 3-year volatility (annualised): 13.16%
- 3-year Sharpe ratio: 0.02 (vs 4.5% risk-free rate)
- Best month: +7.60% (Apr 2020)
- Worst month: −7.72% (Mar 2020)
VRLIX Fund Flows
Monthly money in and out of Stone Ridge U.S. Hedged Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $17.9M
- 12-month gross sales (incl. reinvestments): $4.7M
- Sales ÷ redemptions: -0.36×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Oct 2022 | $22K | −$221K | $243K |
| Sep 2022 | $222K | −$658K | $880K |
| Aug 2022 | $435K | −$457K | $892K |
| Jul 2022 | $196K | −$1.7M | $1.9M |
| Jun 2022 | $71K | −$548K | $619K |
| May 2022 | $202K | −$237K | $439K |
| Apr 2022 | $342K | −$873K | $1.2M |
| Mar 2022 | $22K | −$944K | $966K |
| Feb 2022 | $167K | −$122K | $289K |
| Jan 2022 | $1.2M | −$3.3M | $4.5M |
| Dec 2021 | $1.7M | −$1.7M | $3.4M |
| Nov 2021 | $122K | −$2.3M | $2.4M |
VRLIX Assets Under Management
Net assets of Stone Ridge U.S. Hedged Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2022-10-31 | $29.60M |
| 2022-07-31 | $31.49M |
| 2022-04-30 | $33.56M |
| 2022-01-31 | $36.52M |
| 2021-10-31 | $43.57M |
| 2021-07-31 | $44.23M |
| 2021-04-30 | $44.29M |
| 2021-01-31 | $46.74M |
| 2020-10-31 | $57.42M |
| 2020-07-31 | $58.53M |
| 2020-04-30 | $54.56M |
| 2020-01-31 | $152.90M |
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.