SpreadEdge Capital LLC

Energy Seasonal Spread Program


Monthly Performance (%)

Date Range: 02/17 - 10/20
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2020 2.47 0.26 5.99 0.06 1.13 -2.63 1.50 -2.00 -0.34 0.42   6.80 
2019 3.91 1.50 1.57 -0.34 1.14 -1.08 1.04 -1.93 -3.68 1.47 2.61 -0.22  5.91 
2018 -6.61 -4.57 3.14 -0.42 3.21 0.75 9.02 1.70 -0.93 4.79 -3.50 5.67  11.72 
2017 -0.79 -2.35 8.91 -6.82 -7.19 -3.26 -9.63 -2.83 0.52 -3.01  -24.43 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Strategy Description

SpreadEdge Energy Seasonal Spread Program is designed to provide exposure to a broad base of U.S. energy futures markets. Markets generally traded include (but are not limited to) crude oil, brent crude, natural gas, gasoline, heating oil, gas oil, copper, and euro dollar. The Program seeks to achieve significant profits across a broad variety of market conditions (both bull and bear markets, and inflationary and deflationary environments). To achieve their objectives, the Programs involve speculating in futures contracts (or options thereon) available for trading on any U.S. exchange. Trades are typically seasonal calendar spreads or intra-commodity spreads (such as Brent Crude vs. WTI Crude). Inter-commodity spreads are not generally used. Options are normally not used but could be used in extreme market conditions for risk management purposes. Effective risk management, such as the use of stop-loss orders, is a crucial aspect of the Programs, and the Advisor will at times employ risk management techniques in its discretion. *Equity % reduced in February 2019 **Since March 2017 and is measured against the initial amount of the investment and represents a geometric mean

Performance Statistics

Date Range: 02/17 - 10/20
  Program S&P 500 Coquest 40 
Total Return -4.50% 54.51% 1.82% 
Annualized Return -1.25% 12.30% 0.48% 
Annualized Std. Deviation 13.31% 15.87% 7.18% 
Correlation -0.20 0.07 
Sharpe Ratio (rf=2.5%) -0.28 0.62 -0.28 
Worst Month -9.63% -12.35% -6.10% 
Date of Worst Month 09/2017 03/2020 02/2018 
Worst Drawdown -36.17% -19.60% -9.14% 
Date of Worst Drawdown 5/17 - 2/18 12/19 - 3/20 1/18 - 1/19 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 02/17 - 10/20
Year or YTD Program S&P 500 Coquest 40 
2020 6.80 2.77 -3.54 
2019 5.91 31.50 7.53 
2018 11.72 -4.38 -4.29 
2017 -24.43 15.01 0.38 

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 02/17 - 10/20
Date: 10/31/2020
Perf: $996.45 Date: 9/30/2020
Perf: $999.65 Date: 8/31/2020
Perf: $1,014.46 Date: 7/31/2020
Perf: $1,026.05 Date: 6/30/2020
Perf: $1,006.82 Date: 5/31/2020
Perf: $1,019.88 Date: 4/30/2020
Perf: $1,031.95 Date: 3/31/2020
Perf: $1,028.56 Date: 2/29/2020
Perf: $1,027.94 Date: 1/31/2020
Perf: $1,043.49 Date: 12/31/2019
Perf: $1,033.06 Date: 11/30/2019
Perf: $1,039.50 Date: 10/31/2019
Perf: $1,029.41 Date: 9/30/2019
Perf: $1,052.68 Date: 8/31/2019
Perf: $1,082.67 Date: 7/31/2019
Perf: $1,044.84 Date: 6/30/2019
Perf: $1,010.39 Date: 5/31/2019
Perf: $990.58 Date: 4/30/2019
Perf: $1,010.38 Date: 3/31/2019
Perf: $983.34 Date: 2/28/2019
Perf: $949.26 Date: 1/31/2019
Perf: $943.22 Date: 12/31/2018
Perf: $960.71 Date: 11/30/2018
Perf: $956.69 Date: 10/31/2018
Perf: $968.31 Date: 9/30/2018
Perf: $992.83 Date: 8/31/2018
Perf: $997.32 Date: 7/31/2018
Perf: $972.52 Date: 6/30/2018
Perf: $979.87 Date: 5/31/2018
Perf: $971.71 Date: 4/30/2018
Perf: $984.41 Date: 3/31/2018
Perf: $973.89 Date: 2/28/2018
Perf: $974.77 Date: 1/31/2018
Perf: $1,038.09 Date: 12/31/2017
Perf: $1,003.76 Date: 11/30/2017
Perf: $992.94 Date: 10/31/2017
Perf: $991.65 Date: 9/30/2017
Perf: $951.77 Date: 8/31/2017
Perf: $972.29 Date: 7/31/2017
Perf: $956.41 Date: 6/30/2017
Perf: $952.69 Date: 5/31/2017
Perf: $981.35 Date: 4/30/2017
Perf: $979.49 Date: 3/31/2017
Perf: $985.40 Date: 2/28/2017
Perf: $1,000.00 Date: 10/31/2020
Perf: $1,486.13 Date: 9/30/2020
Perf: $1,526.74 Date: 8/31/2020
Perf: $1,587.04 Date: 7/31/2020
Perf: $1,480.59 Date: 6/30/2020
Perf: $1,401.54 Date: 5/31/2020
Perf: $1,374.20 Date: 4/30/2020
Perf: $1,311.76 Date: 3/31/2020
Perf: $1,162.70 Date: 2/29/2020
Perf: $1,326.52 Date: 1/31/2020
Perf: $1,445.49 Date: 12/31/2019
Perf: $1,446.07 Date: 11/30/2019
Perf: $1,403.68 Date: 10/31/2019
Perf: $1,354.51 Date: 9/30/2019
Perf: $1,325.74 Date: 8/31/2019
Perf: $1,301.40 Date: 7/31/2019
Perf: $1,322.29 Date: 6/30/2019
Perf: $1,303.52 Date: 5/31/2019
Perf: $1,217.68 Date: 4/30/2019
Perf: $1,300.24 Date: 3/31/2019
Perf: $1,249.63 Date: 2/28/2019
Perf: $1,225.85 Date: 1/31/2019
Perf: $1,187.73 Date: 12/31/2018
Perf: $1,099.64 Date: 11/30/2018
Perf: $1,208.80 Date: 10/31/2018
Perf: $1,184.63 Date: 9/30/2018
Perf: $1,271.61 Date: 8/31/2018
Perf: $1,264.40 Date: 7/31/2018
Perf: $1,224.48 Date: 6/30/2018
Perf: $1,180.57 Date: 5/31/2018
Perf: $1,173.29 Date: 4/30/2018
Perf: $1,145.68 Date: 3/31/2018
Perf: $1,141.35 Date: 2/28/2018
Perf: $1,171.09 Date: 1/31/2018
Perf: $1,215.96 Date: 12/31/2017
Perf: $1,150.06 Date: 11/30/2017
Perf: $1,137.44 Date: 10/31/2017
Perf: $1,103.56 Date: 9/30/2017
Perf: $1,078.43 Date: 8/31/2017
Perf: $1,056.66 Date: 7/31/2017
Perf: $1,053.40 Date: 6/30/2017
Perf: $1,032.13 Date: 5/31/2017
Perf: $1,025.77 Date: 4/30/2017
Perf: $1,011.51 Date: 3/31/2017
Perf: $1,001.20 Date: 2/28/2017
Perf: $1,000.00 Date: 10/31/2020
Perf: $954.98 Date: 9/30/2020
Perf: $950.99 Date: 8/31/2020
Perf: $954.23 Date: 7/31/2020
Perf: $973.71 Date: 6/30/2020
Perf: $959.32 Date: 5/31/2020
Perf: $985.23 Date: 4/30/2020
Perf: $974.22 Date: 3/31/2020
Perf: $973.64 Date: 2/29/2020
Perf: $918.61 Date: 1/31/2020
Perf: $916.23 Date: 12/31/2019
Perf: $894.15 Date: 11/30/2019
Perf: $896.12 Date: 10/31/2019
Perf: $873.32 Date: 9/30/2019
Perf: $860.67 Date: 8/31/2019
Perf: $893.55 Date: 7/31/2019
Perf: $911.14 Date: 6/30/2019
Perf: $901.76 Date: 5/31/2019
Perf: $911.61 Date: 4/30/2019
Perf: $901.33 Date: 3/31/2019
Perf: $904.41 Date: 2/28/2019
Perf: $890.43 Date: 1/31/2019
Perf: $877.27 Date: 12/31/2018
Perf: $844.26 Date: 11/30/2018
Perf: $798.96 Date: 10/31/2018
Perf: $827.93 Date: 9/30/2018
Perf: $790.09 Date: 8/31/2018
Perf: $797.51 Date: 7/31/2018
Perf: $784.17 Date: 6/30/2018
Perf: $719.29 Date: 5/31/2018
Perf: $713.94 Date: 4/30/2018
Perf: $691.73 Date: 3/31/2018
Perf: $694.65 Date: 2/28/2018
Perf: $673.50 Date: 1/31/2018
Perf: $705.76 Date: 12/31/2017
Perf: $755.71 Date: 11/30/2017
Perf: $779.16 Date: 10/31/2017
Perf: $775.13 Date: 9/30/2017
Perf: $797.71 Date: 8/31/2017
Perf: $882.71 Date: 7/31/2017
Perf: $912.46 Date: 6/30/2017
Perf: $983.15 Date: 5/31/2017
Perf: $1,055.10 Date: 4/30/2017
Perf: $968.79 Date: 3/31/2017
Perf: $992.10 Date: 2/28/2017
Perf: $1,000.00

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Monthly Returns

Date Range: 02/17 - 10/20
Date: 10/31/2020
Return: 0.42 % Date: 9/30/2020
Return: -0.34 % Date: 8/31/2020
Return: -2.00 % Date: 7/31/2020
Return: 1.50 % Date: 6/30/2020
Return: -2.63 % Date: 5/31/2020
Return: 1.13 % Date: 4/30/2020
Return: 0.06 % Date: 3/31/2020
Return: 5.99 % Date: 2/29/2020
Return: 0.26 % Date: 1/31/2020
Return: 2.47 % Date: 12/31/2019
Return: -0.22 % Date: 11/30/2019
Return: 2.61 % Date: 10/31/2019
Return: 1.47 % Date: 9/30/2019
Return: -3.68 % Date: 8/31/2019
Return: -1.93 % Date: 7/31/2019
Return: 1.04 % Date: 6/30/2019
Return: -1.08 % Date: 5/31/2019
Return: 1.14 % Date: 4/30/2019
Return: -0.34 % Date: 3/31/2019
Return: 1.57 % Date: 2/28/2019
Return: 1.50 % Date: 1/31/2019
Return: 3.91 % Date: 12/31/2018
Return: 5.67 % Date: 11/30/2018
Return: -3.50 % Date: 10/31/2018
Return: 4.79 % Date: 9/30/2018
Return: -0.93 % Date: 8/31/2018
Return: 1.70 % Date: 7/31/2018
Return: 9.02 % Date: 6/30/2018
Return: 0.75 % Date: 5/31/2018
Return: 3.21 % Date: 4/30/2018
Return: -0.42 % Date: 3/31/2018
Return: 3.14 % Date: 2/28/2018
Return: -4.57 % Date: 1/31/2018
Return: -6.61 % Date: 12/31/2017
Return: -3.01 % Date: 11/30/2017
Return: 0.52 % Date: 10/31/2017
Return: -2.83 % Date: 9/30/2017
Return: -9.63 % Date: 8/31/2017
Return: -3.26 % Date: 7/31/2017
Return: -7.19 % Date: 6/30/2017
Return: -6.82 % Date: 5/31/2017
Return: 8.91 % Date: 4/30/2017
Return: -2.35 % Date: 3/31/2017
Return: -0.79 % Date: 2/28/2017
Return: 0.00 %

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 02/17 - 10/20
Return: 4.00 %
Count: 1 Return: 6.00 %
Count: 2 Return: -4.00 %
Count: 2 Return: 5.00 %
Count: 1 Return: 2.00 %
Count: 4 Return: 3.00 %
Count: 3 Return: -5.00 %
Count: 1 Return: 1.00 %
Count: 7 Return: -10.00 %
Count: 1 Return: -3.00 %
Count: 4 Return: -7.00 %
Count: 3 Return: 9.00 %
Count: 2 Return: -2.00 %
Count: 3 Return: -1.00 %
Count: 3 Return: 0.00 %
Count: 8

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Underwater Curve

Date Range: 02/17 - 10/20
Date: 10/31/2020
Drawdown: -9.49 % Date: 9/30/2020
Drawdown: -9.87 % Date: 8/31/2020
Drawdown: -9.56 % Date: 7/31/2020
Drawdown: -7.71 % Date: 6/30/2020
Drawdown: -9.08 % Date: 5/31/2020
Drawdown: -6.62 % Date: 4/30/2020
Drawdown: -7.67 % Date: 3/31/2020
Drawdown: -7.72 % Date: 2/29/2020
Drawdown: -12.94 % Date: 1/31/2020
Drawdown: -13.16 % Date: 12/31/2019
Drawdown: -15.26 % Date: 11/30/2019
Drawdown: -15.07 % Date: 10/31/2019
Drawdown: -17.23 % Date: 9/30/2019
Drawdown: -18.43 % Date: 8/31/2019
Drawdown: -15.31 % Date: 7/31/2019
Drawdown: -13.64 % Date: 6/30/2019
Drawdown: -14.53 % Date: 5/31/2019
Drawdown: -13.60 % Date: 4/30/2019
Drawdown: -14.57 % Date: 3/31/2019
Drawdown: -14.28 % Date: 2/28/2019
Drawdown: -15.61 % Date: 1/31/2019
Drawdown: -16.85 % Date: 12/31/2018
Drawdown: -19.98 % Date: 11/30/2018
Drawdown: -24.28 % Date: 10/31/2018
Drawdown: -21.53 % Date: 9/30/2018
Drawdown: -25.12 % Date: 8/31/2018
Drawdown: -24.41 % Date: 7/31/2018
Drawdown: -25.68 % Date: 6/30/2018
Drawdown: -31.83 % Date: 5/31/2018
Drawdown: -32.33 % Date: 4/30/2018
Drawdown: -34.44 % Date: 3/31/2018
Drawdown: -34.16 % Date: 2/28/2018
Drawdown: -36.17 % Date: 1/31/2018
Drawdown: -33.11 % Date: 12/31/2017
Drawdown: -28.38 % Date: 11/30/2017
Drawdown: -26.15 % Date: 10/31/2017
Drawdown: -26.54 % Date: 9/30/2017
Drawdown: -24.40 % Date: 8/31/2017
Drawdown: -16.34 % Date: 7/31/2017
Drawdown: -13.52 % Date: 6/30/2017
Drawdown: -6.82 % Date: 5/31/2017
Drawdown: 0.00 % Date: 4/30/2017
Drawdown: -3.12 % Date: 3/31/2017
Drawdown: -0.79 %

Note: Estimated returns are used for the most recent reported monthly ROR or appear in italics. All performance data is since program inception.

Manager Information

Manager Name:  SpreadEdge Capital LLC
Address: 8265 Canal St
City: Frisco
State: TX
Zip: 75034
Country: US

Key People

Name:  Darren Carlat
Position:  Managing Director
Biography: 


Additional Information

 Futures Sectors Traded
 Energies Yes 
 Investment Methodology
 Technical Yes 
 Discretionary Yes 
 Arbitrage Yes 
 Instruments Traded
 Futures Yes 
 Geographical Focus
 Holding Period
 Investment Terms & Information
 Managed Account Minimum: $100,000 
 Margin / Equity Ratio: 4% 
 Managed Account Availability: Open 
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