Copernicus Portfolio Overview: October 14, 2025 | ITA Asset Management

Copernicus is one of the better performing ITA portfolios. The current portfolio is set up to invest primarily in US stocks and contains excess cash as better buying opportunities are expected sometime in 2026.

Copernicus Security Holdings

Below you will find the current securities holdings within the Copernicus portfolio. There are numerous limit orders in effect to add more shares of VOO and VYM.

Most of SHV’s shares were sold from the portfolio to raise money to buy more shares of VOO and VYM. Since November and December are generally strong months for stocks, it’s best to wait until 2026 for many of the limit orders to be activated.

Copernicus portfolio performance

As of 12/31/2021, Copernicus has performed very well against all potential benchmarks. As with other portfolios, we look at the Risk Ratio data to see how the portfolio is growing or deteriorating against the AOR benchmark.

Copernicus risk ratios

• The slope of the Jensen is positive. Encouraging.
• The Sortino ratio increases. Encouraging.
• Although the Jensen Performance Index is higher than a year ago, it has fallen over the past two months. This is because money is taken out of shares and placed into government bonds. Worrying, but we will wait patiently for some volatility to work in our favor in 2026.
• The Treynor is very high. This happens when the portfolio is doing very well despite its very low beta value. Treynor is highly dependent on the beta value and that is why I do not pay too much attention to its operation.
• As with the Jensen, the information ratio has fallen in recent months, indicating that the portfolio is not keeping pace with the AOR benchmark. Of care.

Comments and questions are always welcome.

Questions to ask your money manager

Buffett indicator and Shiller PE ratio

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