Eckhardt Trading Company

Standard Program QEP only

Investment Strategy

ETC is a research driven manager with a systematic, technically-based, primarily trend-following approach to global markets. Led by Bill Eckhardt and based on over 40 years of scientific system development, we manage a diversified portfolio of global exchange-traded financial and commodity futures over multiple time frames. ETC has low correlation to equity markets and offers diversification potential for traditional and alternative portfolios.

Performance (VAMI)

Monthly Returns

Fund Manager

  "William Eckhardt oversees ETC's system development and ongoing research. He has traded futures professionally for over 31 years, and in conjunction with Richard Dennis co-developed certain trading systems and co-taught them to a group of individuals known as the ""Turtles"". Mr. Eckhardt's extensive background in the history of scientific methodology and statistics has been instrumental in the development of ETC's trading strategy. His interests include philosophy, physics, evolutionary biology, and the nature of time. He has written a book on the subject of time entitled, Omnitime: an essay on time and passage and his articles have been published in Mind, The Journal of Philosophy, The Journal of Risk Finance, and Studies in History and Philosophy of Modern Physics. He serves on the International Advisory Board of the Pacific Institute of Theoretical Physics and is a member of the Physical Sciences Visiting Committee at the University of Chicago. Mr. Eckhardt is profiled in Jack Schwager's Book, The New Market Wizards."

General Information

Inception DateAug 1991
Minimum Investment10,000,000 USD
Management Fee1.00%
Performance Fee20.00%
Highwater MarkYes
Phone+1 312 787 1107
E-mail[email protected]
Websitewww.eckhardttrading.com

Statistics

Total Return Cumulative 2573.90%
Sharpe Ratio 0.66
Sortino Ratio 1.09
Winning Months (%) 55.19%
Correlation vs. S&P 500 TR 0.00

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -1.31 0.19 0.96 5.30 -1.46 -3.34 0.12
2023 1.36 -1.35 -0.70 -0.45 -2.64 -0.16 -0.77 -4.23 0.84 -1.53 -1.66 4.64 -6.70
2022 0.61 3.56 6.01 1.23 -1.00 1.15 1.99 -1.46 1.89 -1.07 -0.37 -0.31 12.66
2021 -4.00 5.79 -2.09 -1.03 0.17 -0.69 0.51 -2.94 0.06 6.88 -1.35 -4.93 -4.21
2020 3.97 4.06 1.19 0.44 -1.35 1.96 4.45 -2.16 -1.09 -3.06 0.91 -0.25 9.09
2019 -1.22 -1.17 -0.41 -0.05 0.16 -0.46 1.96 6.35 -6.05 -2.01 -3.61 -0.94 -7.65
2018 8.60 -3.01 -0.85 -0.66 -1.45 0.29 0.80 0.35 1.56 -1.12 -0.83 1.72 5.07
2017 -3.45 -1.17 -1.93 1.87 0.21 2.34 -0.54 0.97 -0.18 3.50 -2.05 3.40 2.73
2016 7.76 3.30 -1.93 0.25 -2.10 8.80 -0.10 -8.80 -2.00 -2.70 1.28 3.69 6.35
2015 4.72 -0.46 -0.66 -1.66 2.13 -4.82 0.22 4.69 3.07 -0.64 1.68 -7.37 0.18
2014 -2.38 7.11 -5.02 0.72 1.72 0.70 -4.36 5.40 1.16 5.44 3.63 1.50 15.88
2013 3.26 -1.27 0.85 0.45 -5.03 -4.53 -0.73 0.57 1.47 -0.10 3.89 2.34 0.76
2012 1.36 1.68 -2.47 1.61 8.23 -6.71 8.29 1.72 -0.95 -7.91 0.28 0.07 3.98
2011 -3.24 3.07 -1.48 9.04 -4.26 -5.00 0.85 -0.32 -8.07 -3.92 -2.53 0.03 -15.64
2010 -6.92 -1.12 0.52 2.55 2.73 5.53 -1.87 3.63 5.09 3.62 -2.35 8.45 20.62
2009 -1.38 -0.23 0.86 -1.79 3.41 -5.06 1.26 0.48 2.35 -4.85 6.74 -5.64 -4.50
2008 1.85 10.01 0.21 0.14 1.70 3.10 -5.34 -2.71 2.69 0.17 1.20 0.26 13.32
2007 0.37 0.67 -4.07 3.19 1.70 5.21 1.23 -1.76 11.81 5.39 3.06 3.76 34.11
2006 0.67 -2.13 -4.36 4.92 1.34 1.83 -3.54 1.86 -1.79 0.67 5.95 -2.33 2.56
2005 -3.38 0.23 1.33 -1.79 6.16 3.25 -0.20 3.72 -1.86 0.31 0.64 0.34 8.70
2004 -2.22 4.28 -0.75 -4.37 0.04 -3.65 -2.69 4.40 0.86 5.97 4.39 -1.12 4.55
2003 1.56 7.26 -0.58 0.31 4.78 -0.80 -1.55 0.44 0.15 -0.70 0.86 2.69 15.01
2002 2.69 -4.55 -0.99 3.92 -0.68 2.59 2.24 -0.34 -1.01 -1.90 -1.40 10.79 11.07
2001 1.63 -1.07 0.40 -0.48 3.40 -3.28 -1.42 5.87 -3.28 5.58 -2.36 0.76 5.34
2000 -2.14 -0.61 -1.94 -0.29 1.88 -1.45 -2.71 0.43 1.48 0.83 12.30 10.02 17.94
1999 1.49 5.12 -6.18 -2.59 -2.43 1.43 5.18 -5.62 3.31 -2.86 0.04 -0.73 -4.54
1998 4.77 2.48 -3.20 -5.17 1.89 1.57 -1.59 25.28 0.18 0.39 -0.15 0.65 27.10
1997 12.66 6.91 6.60 1.24 1.89 5.39 9.18 -4.11 6.51 -0.41 -3.54 -2.35 46.01
1996 8.72 -5.40 2.60 17.48 -9.28 -3.32 -4.28 -1.20 17.55 16.24 11.43 -5.51 47.94
1995 -1.39 8.85 14.13 3.21 20.13 -1.32 -10.31 -3.27 -2.80 -5.58 9.24 13.01 47.33
1994 -18.30 -0.70 10.58 2.17 5.05 1.66 -0.10 -8.59 13.36 -10.50 8.74 -10.45 -11.69
1993 -1.38 9.63 -8.28 9.41 3.81 12.13 9.41 4.85 -6.67 1.74 4.90 9.45 57.95
1992 -15.27 -7.56 -5.70 2.22 -3.45 9.35 11.43 7.51 -1.18 -4.35 7.70 -4.60 -7.26
1991 -1.00 6.64 0.25 2.09 27.92 38.22
There is a substantial risk of loss in trading commodity futures, equities, options and off-exchange foreign currency products. Past performance is not indicative of future results.
No data filled

Monthly Returns

Performance (VAMI)

Distribution of Monthly Returns

12 Month Rolling ROR

Up Capture vs. S&P 500 TR

Down Capture vs. S&P 500 TR

AUM

Volatility (12 Months Rolling)

Risk/Return Comparison

Drawdown

Instruments

Data not available
No data filled

Return Statistics

Last Month -3.34%
Year To Date 0.12%
3 Month ROR 0.30%
12 Months ROR -2.78%
36 Month ROR 2.97%
Total Return Cumulative 2573.90%
Total Return Annualized 10.50%
Best Month 27.92%
Winning Months (%) 55.19%
Gain Deviation 4.39

Risk Statistics

Standard Deviation Annualized 17.58%
Max Drawdown (Monthly) -27.11%
Max Drawdown Length 14
Worst Month -18.30%
Losing Months (%) 44.81%
Average Losing Month -2.85%
Loss Deviation 2.74
Correlation vs S&P 500 0.00
Correlation vs DJ/CS MF 0.52

Risk/Reward Statistics

Sharpe Ratio 0.66
Sortino Ratio 1.09
Omega Ratio 1.07
Skewness 1.01
Kurtosis 4.30

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -27.11% 5 9 01/1992 02/1993
2 -23.90% 27 18 05/2011 01/2015
3 -21.43% 5 3 06/1995 01/1996
4 -18.87% 2 7 01/1994 09/1994
5 -17.05% 4 2 05/1996 10/1996

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 27.92%-18.30%0.96%0.29%-3.34%55.19%
3 Months 52.26%-26.14%2.91%1.37%0.30%60.31%
6 Months 73.28%-20.29%5.74%2.45%0.12%64.62%
1 Year 116.62%-19.58%12.00%7.05%-2.78%72.14%
2 Years 183.09%-17.03%26.03%15.63%-6.01%86.56%
3 Years 238.10%-17.49%41.91%23.56%2.97%90.56%
5 Years 412.24%-9.06%81.97%49.89%4.82%96.43%

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Annual Compounded Avg10.50%35.28%80.91%232.89%1031.12%3491.58%
% Positive55.19%60.31%64.62%72.14%86.56%90.56%
Avg. Pos. Period4.05%7.53%11.40%18.85%31.03%46.85%
Avg. Neg. Period-2.85%-4.10%-4.61%-5.73%-6.15%-5.47%
Sharpe Ratio0.661.141.592.142.652.78
Sortino Ratio1.092.434.889.8027.7456.92
Standard Deviation5.07%8.88%12.52%19.42%34.00%52.16%
Downside Deviation2.65%3.63%3.59%3.73%2.80%2.12%
No data filled

Company Information

Minimum Investment10,000,000 USD (notional funding: )
AUM143,400,000 USD
Management Fee1.00%
Performance Fee20.00%
Highwater MarkYes
RT per Million1148
Margin to Equity9.00%
Legal StructureManaged Account
Investment RestrictionOnly for Qualified Eligible Persons

Company Information

CompanyEckhardt Trading Company
PrincipalWilliam Eckhardt
Phone+1 312 787 1107
E-mail[email protected]
License NumberNFA 237054
Location -
Performance Compiled byNAV Consulting

Monthly Performance

  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year
2024 -1.31 0.19 0.96 5.30 -1.46 -3.34 0.12
2023 1.36 -1.35 -0.70 -0.45 -2.64 -0.16 -0.77 -4.23 0.84 -1.53 -1.66 4.64 -6.70
2022 0.61 3.56 6.01 1.23 -1.00 1.15 1.99 -1.46 1.89 -1.07 -0.37 -0.31 12.66
2021 -4.00 5.79 -2.09 -1.03 0.17 -0.69 0.51 -2.94 0.06 6.88 -1.35 -4.93 -4.21
2020 3.97 4.06 1.19 0.44 -1.35 1.96 4.45 -2.16 -1.09 -3.06 0.91 -0.25 9.09
2019 -1.22 -1.17 -0.41 -0.05 0.16 -0.46 1.96 6.35 -6.05 -2.01 -3.61 -0.94 -7.65
2018 8.60 -3.01 -0.85 -0.66 -1.45 0.29 0.80 0.35 1.56 -1.12 -0.83 1.72 5.07
2017 -3.45 -1.17 -1.93 1.87 0.21 2.34 -0.54 0.97 -0.18 3.50 -2.05 3.40 2.73
2016 7.76 3.30 -1.93 0.25 -2.10 8.80 -0.10 -8.80 -2.00 -2.70 1.28 3.69 6.35
2015 4.72 -0.46 -0.66 -1.66 2.13 -4.82 0.22 4.69 3.07 -0.64 1.68 -7.37 0.18
2014 -2.38 7.11 -5.02 0.72 1.72 0.70 -4.36 5.40 1.16 5.44 3.63 1.50 15.88
2013 3.26 -1.27 0.85 0.45 -5.03 -4.53 -0.73 0.57 1.47 -0.10 3.89 2.34 0.76
2012 1.36 1.68 -2.47 1.61 8.23 -6.71 8.29 1.72 -0.95 -7.91 0.28 0.07 3.98
2011 -3.24 3.07 -1.48 9.04 -4.26 -5.00 0.85 -0.32 -8.07 -3.92 -2.53 0.03 -15.64
2010 -6.92 -1.12 0.52 2.55 2.73 5.53 -1.87 3.63 5.09 3.62 -2.35 8.45 20.62
2009 -1.38 -0.23 0.86 -1.79 3.41 -5.06 1.26 0.48 2.35 -4.85 6.74 -5.64 -4.50
2008 1.85 10.01 0.21 0.14 1.70 3.10 -5.34 -2.71 2.69 0.17 1.20 0.26 13.32
2007 0.37 0.67 -4.07 3.19 1.70 5.21 1.23 -1.76 11.81 5.39 3.06 3.76 34.11
2006 0.67 -2.13 -4.36 4.92 1.34 1.83 -3.54 1.86 -1.79 0.67 5.95 -2.33 2.56
2005 -3.38 0.23 1.33 -1.79 6.16 3.25 -0.20 3.72 -1.86 0.31 0.64 0.34 8.70
2004 -2.22 4.28 -0.75 -4.37 0.04 -3.65 -2.69 4.40 0.86 5.97 4.39 -1.12 4.55
2003 1.56 7.26 -0.58 0.31 4.78 -0.80 -1.55 0.44 0.15 -0.70 0.86 2.69 15.01
2002 2.69 -4.55 -0.99 3.92 -0.68 2.59 2.24 -0.34 -1.01 -1.90 -1.40 10.79 11.07
2001 1.63 -1.07 0.40 -0.48 3.40 -3.28 -1.42 5.87 -3.28 5.58 -2.36 0.76 5.34
2000 -2.14 -0.61 -1.94 -0.29 1.88 -1.45 -2.71 0.43 1.48 0.83 12.30 10.02 17.94
1999 1.49 5.12 -6.18 -2.59 -2.43 1.43 5.18 -5.62 3.31 -2.86 0.04 -0.73 -4.54
1998 4.77 2.48 -3.20 -5.17 1.89 1.57 -1.59 25.28 0.18 0.39 -0.15 0.65 27.10
1997 12.66 6.91 6.60 1.24 1.89 5.39 9.18 -4.11 6.51 -0.41 -3.54 -2.35 46.01
1996 8.72 -5.40 2.60 17.48 -9.28 -3.32 -4.28 -1.20 17.55 16.24 11.43 -5.51 47.94
1995 -1.39 8.85 14.13 3.21 20.13 -1.32 -10.31 -3.27 -2.80 -5.58 9.24 13.01 47.33
1994 -18.30 -0.70 10.58 2.17 5.05 1.66 -0.10 -8.59 13.36 -10.50 8.74 -10.45 -11.69
1993 -1.38 9.63 -8.28 9.41 3.81 12.13 9.41 4.85 -6.67 1.74 4.90 9.45 57.95
1992 -15.27 -7.56 -5.70 2.22 -3.45 9.35 11.43 7.51 -1.18 -4.35 7.70 -4.60 -7.26
1991 -1.00 6.64 0.25 2.09 27.92 38.22
There is a substantial risk of loss in trading commodity futures, equities, options and off-exchange foreign currency products. Past performance is not indicative of future results.

Strategy Description

ETC is a research driven manager with a systematic, technically-based, primarily trend-following approach to global markets. Led by Bill Eckhardt and based on over 40 years of scientific system development, we manage a diversified portfolio of global exchange-traded financial and commodity futures over multiple time frames. ETC has low correlation to equity markets and offers diversification potential for traditional and alternative portfolios.

Return Statistics

Last Month -3.34%
Year To Date 0.12%
3 Month ROR 0.30%
12 Months ROR -2.78%
36 Month ROR 2.97%
Total Return Cumulative 2573.90%
Total Return Annualized 10.50%
Best Month 27.92%
Winning Months (%) 55.19%
Gain Deviation 4.39

Risk Statistics

Standard Deviation Annualized 17.58%
Max Drawdown (Monthly) -27.11%
Max Drawdown Length 14
Worst Month -18.30%
Losing Months (%) 44.81%
Average Losing Month -2.85%
Loss Deviation 2.74
Correlation vs S&P 500 0.00
Correlation vs DJ/CS MF 0.52

Risk/Reward Statistics

Sharpe Ratio 0.66
Sortino Ratio 1.09
Omega Ratio 1.07
Skewness 1.01
Kurtosis 4.30

Monthly Returns

Performance (VAMI)

Fund Manager

  "William Eckhardt oversees ETC's system development and ongoing research. He has traded futures professionally for over 31 years, and in conjunction with Richard Dennis co-developed certain trading systems and co-taught them to a group of individuals known as the ""Turtles"". Mr. Eckhardt's extensive background in the history of scientific methodology and statistics has been instrumental in the development of ETC's trading strategy. His interests include philosophy, physics, evolutionary biology, and the nature of time. He has written a book on the subject of time entitled, Omnitime: an essay on time and passage and his articles have been published in Mind, The Journal of Philosophy, The Journal of Risk Finance, and Studies in History and Philosophy of Modern Physics. He serves on the International Advisory Board of the Pacific Institute of Theoretical Physics and is a member of the Physical Sciences Visiting Committee at the University of Chicago. Mr. Eckhardt is profiled in Jack Schwager's Book, The New Market Wizards."

Distribution of Monthly Returns

12 Month Rolling ROR

Drawdown Report

No. Depth (%) Length (Months) Recovery (Months) Start date End date
Fund Index Fund Index Fund Index Fund Index Fund Index
1 -27.11% 5 9 01/1992 02/1993
2 -23.90% 27 18 05/2011 01/2015
3 -21.43% 5 3 06/1995 01/1996
4 -18.87% 2 7 01/1994 09/1994
5 -17.05% 4 2 05/1996 10/1996

Return Report

Period BestWorstAverageMedianLastWinning %
1 Month 27.92%-18.30%0.96%0.29%-3.34%55.19%
3 Months 52.26%-26.14%2.91%1.37%0.30%60.31%
6 Months 73.28%-20.29%5.74%2.45%0.12%64.62%
1 Year 116.62%-19.58%12.00%7.05%-2.78%72.14%
2 Years 183.09%-17.03%26.03%15.63%-6.01%86.56%
3 Years 238.10%-17.49%41.91%23.56%2.97%90.56%
5 Years 412.24%-9.06%81.97%49.89%4.82%96.43%

Time Window Analysis

1 Month3 Months6 Months1 Year2 Years3 Years
Annual Compounded Avg10.50%35.28%80.91%232.89%1031.12%3491.58%
% Positive55.19%60.31%64.62%72.14%86.56%90.56%
Avg. Pos. Period4.05%7.53%11.40%18.85%31.03%46.85%
Avg. Neg. Period-2.85%-4.10%-4.61%-5.73%-6.15%-5.47%
Sharpe Ratio0.661.141.592.142.652.78
Sortino Ratio1.092.434.889.8027.7456.92
Standard Deviation5.07%8.88%12.52%19.42%34.00%52.16%
Downside Deviation2.65%3.63%3.59%3.73%2.80%2.12%

Up Capture vs. S&P 500 TR

Down Capture vs. S&P 500 TR