Estimated return — disclosed long book
What Matrix Asset Advisors Inc’s US-listed long positions did, derived from the share counts and market values in consecutive 13F filings, shown against SPY over exactly the same quarters. This is not the fund’s return. A 13F excludes shorts, bonds, cash, non-US listings and derivatives, says nothing about fees or leverage, and only sees positions held at both quarter ends. The fund figure is a price return while SPY is a total return, so the comparison is tilted against the manager by roughly a dividend yield.
Q2 2026
+10.0%
SPY +15.1%▼ -5.2%
2026 YTD(2Q so far)
+7.4%
SPY +10.1%▼ -2.7%
By calendar year
| Year | Estimated | SPY | Difference |
|---|---|---|---|
| 2025 | +13.8% | +17.7% | -3.9% |
| 2024 | +17.0% | +24.9% | -7.9% |
| 2023 | +16.1% | +26.2% | -10.1% |
| 2022 | -16.0% | -18.2% | +2.1% |
| 2021 | +23.6% | +28.7% | -5.1% |
| 2020 | +4.7% | +18.3% | -13.6% |
| 2019 | +27.3% | +31.2% | -4.0% |
| 2018 | -9.7% | -4.6% | -5.1% |
| 2017 | +13.1% | +21.7% | -8.6% |
| 2016 | +12.0% | +12.0% | -0.0% |
| 2015 | -5.7% | +1.2% | -6.9% |
| 20141/4 Q | +3.6% | +4.9% | -1.3% |
Years marked n/4 Qare built from fewer than four quarters, and the benchmark shown beside them covers the same partial set — so the difference is like-for-like, but the year is not a full year.