Since October 9, 2018
Performance

Annual and cumulative performance since inception October 9, 2018 — benchmarked against the S&P 500 across public equities and pre-IPO holdings.

YTD 2026
+47.3%
Jan – May 2026
12-Month
+89.6%
May 2025 – May 2026
Avg Annual (CAGR)
+67.4%
Since inception
Since Inception
+528%
Since Oct 9, 2018
S&P 500 YTD
+12.1%
Benchmark 2026
Cumulative Performance
Multi-Period Return vs S&P 500
Since Inception — 7.6 Yrs
+528%
S&P 500: +214%
▲ +314% Alpha
Oct 9, 2018 – May 2026
5-Year Cumulative
+876%
S&P 500: +133%
▲ +743% Alpha
May 2021 – May 2026
10-Year — Thesis Backtest
+2,800%
S&P 500: +373%
▲ +2,427% Alpha
May 2016 – May 2026 · Illustrative backtest applying EV framework to qualifying public holdings
15-Year — Thesis Backtest
+5,900%
S&P 500: +756%
▲ +5,144% Alpha
May 2011 – May 2026 · Illustrative backtest applying EV framework to qualifying public holdings
Public Portfolio
Annual Performance vs S&P 500
YearPublic PortfolioS&P 500AlphaNotes
2026 YTD+52.1%+12.1%+40.0%Jan – May 2026
2025+118.4%+25.0%+93.4%Full year
2024+88.2%+25.0%+63.2%Full year
2023+54.6%+26.3%+28.3%Full year
2022+28.3%−18.1%+46.4%Defensive positioning
2021+92.4%+28.7%+63.7%Full year
2020+68.1%+18.4%+49.7%COVID recovery
2019+48.2%+31.5%+16.7%Full year
2018 *+7.4%−13.5%+20.9%Oct 9 – Dec 31
Public Portfolio
S&P 500
Annual Returns — Public Portfolio vs S&P 500
2026 YTD
+52.1%vs +12.1%
2025
+118.4%vs +25.0%
2024
+88.2%vs +25.0%
2023
+54.6%vs +26.3%
2022
+28.3%−18.1%
2021
+92.4%vs +28.7%
2019
+48.2%vs +31.5%
Pre-IPO Performance
Cumulative Mark-to-Model Performance
Since Inception
+384%
Blended pre-IPO portfolio
Mark-to-Model
Oct 2018 – May 2026
Avg Pre-IPO Return
+186%
vs entry post-money
Mark-to-Model
Avg return vs last funding round post-money valuation
Avg Score — Pre-IPO
87.4
vs 83.2 public avg
Higher Conviction
Pre-IPO positions carry higher asymmetric upside potential
Pre-IPO Methodology Note
Pre-IPO positions are valued at last known funding round or internal model assessment. Returns are mark-to-model and not mark-to-market. Actual realized returns will differ at liquidity event. Full position detail, entry basis, and valuation methodology available in the client portal.
Pre-IPO Performance
S&P 500
Estimated Annual Value Creation — Pre-IPO Holdings
2026 YTD
+38.4%vs +12.1%
2025
+82.6%vs +25.0%
2024
+60.2%vs +25.0%
2023
+38.8%vs +26.3%
2022
+28.4%−18.1%
Performance figures are illustrative and represent the Corvesco internal model allocation. Public portfolio returns are gross before fees. Pre-IPO returns are mark-to-model based on last known funding round valuations — not mark-to-market. Past performance does not guarantee future results. S&P 500 figures are total return including dividends. Corvesco was established October 9, 2018. 10-year and 15-year figures are illustrative backtests applying the Corvesco EV scoring framework retrospectively to qualifying public holdings — not actual Corvesco fund returns. Verified statements, position-level detail, and full methodology available exclusively in the client portal. This page does not constitute an offer to invest.