The Covid-19 pandemic in early 2020 was a real stress test for the Protect Fund’s strategy. During this turbulent period, the fund showed its strength: while global stock indices fell by around 34% from peak to trough, Protect limited its decline to only 8.4%. In March 2020, when stock markets were down by a whopping 13%, Protect actually managed to increase its value by 1.6%. The fund’s volatility peaked at 15% (measured as annualized rolling standard deviation), which was significantly lower than the volatility of the broader market. These results confirm the effectiveness of Protect’s risk management strategy in preserving capital and managing volatility under extreme market conditions.

Rolling standard deviation