Discretionary / Fundamental
Old School Program, a speculative futures trading program currently offered by HPX Financial, LLC. This program is generally more aggressive than the HPX Ag Program. All performance has been reduced to reflect the effect of a 2% per annum management fee and a 20% incentive fee, assessed on net trading profits above a high-water mark. Head Trader is Harvey Paffenroth, started out on the CME in 1971 running tickets, placing orders and bought his membership shortly thereafter. Harvey started off trading pork bellies, and even worked on the physical side of the market taking delivery of pork bellies, storing and selling them later. He continued to both trade on the CME in the pits and continued his hedging business until the end of the pork bellies contract, by which time he HPX has already transitioned into lean hogs and cattle products, which are now live cattle and feeder cattle.
| Program Statistics |
|
| Peak-to-Valley Drawdown (2) | -19.89% |
| From Apr 2007 to Jul 2007 | |
| Worst Month (Jul 2007) | -17.27% |
| Current Losing Streak | -0.5% |
| Average Monthly Return | 2.22% |
| Monthly Std. Deviation | 7.28% |
| Gain Deviation (150 months) | 8.39% |
| Loss Deviation (84 months) | 2.27% |
| Gain to Loss Ratio | 3.74 |
| Omega Ratio (5% Threshold) | 3.99 |
| Annualized Performance |
|
| Compound ROR (1) | 26.99% |
| Standard Deviation | 25.21% |
| Downside Deviation | 5.2% |
| Sharpe Ratio (3) 2% RF ROR | 1.04 |
| Sortino Ratio (4) 5% MAR | 4.63 |
| Calmar Ratio (5) | 1.77 |
| Sterling Ratio (6) | 0.15 |
| Gain Deviation | 29.05% |
| Loss Deviation | 7.85% |
| Profit Loss Ratio | 6.69 |
| Investment Information |
|
| Program Start Date | Jun-2006 |
| Percent Discretionary | 100% |
| Currency Denomination - US Dollar | |
| Minimum Investment | $200,000 |
| Management Fee | 2.00% |
| Incentive Fee | 0.00 |
| Margin | 3-7% |
| Round Turns per Million | 1,100 |
| NFA No: | #0453218 |
| Performance Since June 2006 | Track Record Compiled By: CTA Services | Please See Accounting Notes |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | ROR | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.34% | 0.09% | 0.03% | 0.27% | 0.45% | 0.14% | -0.15% | 0.24% | 0.35% | 0.20% | -0.50% | – | 1.46% | -0.50% |
| 2024 | 0.17% | 0.10% | 0.05% | 0.13% | -0.14% | 0.12% | 0.13% | -0.89% | 1.11% | 0.00% | 0.00% | 0.38% | 1.14% | -0.89% |
| 2023 | 0.63% | -0.13% | -0.02% | -0.01% | 0.55% | 0.09% | 0.14% | 0.33% | 0.29% | -0.02% | 0.12% | -0.05% | 1.93% | -0.16% |
| 2022 | 0.05% | -0.01% | -0.24% | -0.36% | 0.32% | -0.01% | 0.00% | -0.15% | -0.01% | -0.01% | 0.16% | 0.22% | -0.06% | -0.62% |
| 2021 | 0.48% | -0.50% | 0.13% | 0.54% | 1.10% | 0.00% | 0.53% | 0.03% | 0.02% | -0.12% | 0.94% | -0.09% | 3.10% | -0.50% |
| 2020 | 1.60% | 0.41% | 1.10% | 0.06% | 0.43% | 0.58% | 0.12% | 0.05% | -2.24% | -0.02% | -0.10% | 0.02% | 1.97% | -2.36% |
| 2019 | 0.12% | -0.22% | -1.29% | -0.56% | 0.73% | -0.02% | -0.03% | 0.00% | -0.36% | -0.10% | 1.32% | -0.03% | -0.45% | -2.06% |
| 2018 | -0.11% | 0.26% | 0.57% | 0.56% | 0.02% | 1.36% | 1.22% | -1.68% | -0.09% | -0.05% | -0.02% | -0.07% | 1.96% | -1.91% |
| 2017 | 0.20% | -0.39% | 0.12% | -0.21% | 0.03% | 0.04% | 0.09% | 0.65% | 0.96% | -0.49% | 0.32% | 0.26% | 1.59% | -0.49% |
| 2016 | -0.38% | 0.23% | 0.05% | 0.90% | -0.07% | 0.13% | 1.26% | -0.14% | 0.05% | -0.84% | -0.21% | -1.48% | -0.54% | -2.60% |
| 2015 | 0.14% | -0.30% | -0.97% | 1.39% | -0.48% | -0.70% | 1.70% | -0.17% | -3.87% | -0.29% | -0.22% | -0.27% | -4.06% | -4.78% |
| 2014 | 2.51% | 4.98% | 2.56% | 1.14% | 1.41% | 3.24% | 1.20% | -2.18% | 1.99% | 0.33% | 0.20% | -0.62% | 17.89% | -2.18% |
| 2013 | 0.19% | 0.76% | 0.93% | -0.04% | 0.25% | 0.95% | -0.32% | 1.44% | 0.50% | -0.38% | -0.39% | -0.96% | 2.93% | -1.73% |
| 2012 | -0.62% | -0.45% | 6.54% | -1.53% | 2.26% | 2.96% | 4.50% | 4.64% | 2.10% | 1.89% | -1.40% | -1.38% | 20.87% | -2.76% |
| 2011 | 7.68% | 5.54% | 15.19% | -2.36% | -2.40% | 1.28% | 13.23% | 6.67% | 7.24% | -3.98% | 0.79% | 7.31% | 69.99% | -4.70% |
| 2010 | 7.66% | 5.05% | -0.48% | 9.73% | -3.72% | 0.71% | 0.25% | 15.26% | 6.97% | 19.97% | 6.90% | 1.40% | 92.49% | -3.72% |
| 2009 | -2.32% | -3.94% | 0.88% | 4.75% | 8.74% | -1.34% | -6.24% | 9.56% | 5.32% | 2.63% | 6.49% | 13.18% | 42.36% | -7.50% |
| 2008 | 9.42% | 28.54% | 76.51% | 7.40% | 8.34% | 15.49% | 18.79% | 30.63% | 6.01% | 0.46% | 2.66% | 11.52% | 530.86% | 0.00% |
| 2007 | 14.03% | 24.82% | 3.47% | 2.49% | -0.63% | -2.55% | -17.27% | 0.76% | 9.09% | 4.69% | -7.42% | 25.17% | 61.27% | -19.89% |
| 2006 | – | – | – | – | – | 18.95% | -0.17% | -0.17% | -4.15% | 13.39% | -0.13% | 9.15% | 40.45% | -4.48% |
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS. AN INVESTOR COULD POTENTIALLY LOSE MORE THAN THE INITIAL INVESTMENT. AN INVESTOR MUST READ AND UNDERSTAND THE COMMODITY TRADING ADVISOR'S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. SELLING OPTIONS INVOLVES UNLIMITED RISK OF LOSS. THERE IS NO GUARANTEE OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY. THIS MATTER IS INTENDED AS A SOLICITATION TO INVEST IN MANAGED FUTURES.
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