Buttonwood, LLC

Energy Diversified 1


Monthly Performance (%)

Date Range: 06/14 - 11/18
  Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec  YTD 
2018 2.88 -2.79 1.33 2.54 0.46 0.81 -0.58 0.88 0.96 -4.08 0.41   2.63 
2017 -1.50 -1.21 1.25 -0.20 0.35 0.35 -0.46 2.41 1.79 0.04 0.24 -0.47  2.55 
2016 -0.27 -0.20 0.86 2.85 0.28 -0.77 -1.46 0.80 2.10 -0.55 1.03 1.46  6.21 
2015 1.84 2.45 0.50 4.24 0.94 0.61 -1.36 0.26 0.17 -0.58 -0.67 -0.69  7.85 
2014 2.98 3.11 2.64 3.33 3.52 -0.40  16.11 
Note: Estimates appear in italics. All performance data is since program inception.

Strategy Description

Energy Diversified 1 (ED1) is a discretionary program that looks for opportunities in the energy markets using spread arbitrage and directional trading strategies. ED1 is technical in nature but regularly adjusts its approach to include fundamental inputs, depending on market conditions. The manager may employ quantitative analysis of pricing data to identify and exploit price movements in the energy markets. ED1 utilizes information and analysis generated by an in-house team of highly skilled analysts and by third party specialists to generate multi-tiered trade signals and strategies which it applies to its trading decisions.

Performance Statistics

Date Range: 06/14 - 11/18
  Program S&P 500 Altegris 40 
Total Return 39.98% 57.52% 8.33% 
Annualized Return 7.91% 10.62% 1.79% 
Annualized Std. Deviation 5.60% 10.08% 8.89% 
Correlation 0.23 0.16 
Sharpe Ratio (rf=2.5%) 0.97 0.81 -0.08 
Worst Month -4.08% -6.84% -6.10% 
Date of Worst Month 10/2018 10/2018 02/2018 
Worst Drawdown -4.08% -8.35% -12.85% 
Date of Worst Drawdown 9/18 - 10/18 7/15 - 9/15 3/15 - 9/17 
Note: Estimates appear in italics. All performance data is since program inception.

Annual Performance (%)

Date Range: 06/14 - 11/18

Year or YTD Program S&P 500 Altegris 40 
2018 2.63 5.11 -4.69 
2017 2.55 21.84 1.24 
2016 6.21 11.98 -3.13 
2015 7.85 1.41 0.09 
2014 16.11 6.12 14.80 
Note: Estimates appear in italics. All performance data is since program inception.

Performance Comparison

Date Range: 06/14 - 11/18
Date: 11/30/2018
Perf: $1,074.04 Date: 10/31/2018
Perf: $1,087.09 Date: 9/30/2018
Perf: $1,114.62 Date: 8/31/2018
Perf: $1,119.66 Date: 7/31/2018
Perf: $1,091.82 Date: 6/30/2018
Perf: $1,100.07 Date: 5/31/2018
Perf: $1,090.90 Date: 4/30/2018
Perf: $1,105.16 Date: 3/31/2018
Perf: $1,093.35 Date: 2/28/2018
Perf: $1,094.34 Date: 1/31/2018
Perf: $1,165.43 Date: 12/31/2017
Perf: $1,126.89 Date: 11/30/2017
Perf: $1,114.74 Date: 10/31/2017
Perf: $1,113.29 Date: 9/30/2017
Perf: $1,068.52 Date: 8/31/2017
Perf: $1,091.55 Date: 7/31/2017
Perf: $1,073.73 Date: 6/30/2017
Perf: $1,069.56 Date: 5/31/2017
Perf: $1,101.73 Date: 4/30/2017
Perf: $1,099.64 Date: 3/31/2017
Perf: $1,106.27 Date: 2/28/2017
Perf: $1,122.67 Date: 1/31/2017
Perf: $1,098.71 Date: 12/31/2016
Perf: $1,113.07 Date: 11/30/2016
Perf: $1,104.68 Date: 10/31/2016
Perf: $1,116.96 Date: 9/30/2016
Perf: $1,146.54 Date: 8/31/2016
Perf: $1,161.53 Date: 7/31/2016
Perf: $1,193.64 Date: 6/30/2016
Perf: $1,181.58 Date: 5/31/2016
Perf: $1,133.41 Date: 4/30/2016
Perf: $1,153.60 Date: 3/31/2016
Perf: $1,183.30 Date: 2/29/2016
Perf: $1,218.27 Date: 1/31/2016
Perf: $1,189.02 Date: 12/31/2015
Perf: $1,149.03 Date: 11/30/2015
Perf: $1,176.08 Date: 10/31/2015
Perf: $1,137.30 Date: 9/30/2015
Perf: $1,157.44 Date: 8/31/2015
Perf: $1,132.86 Date: 7/31/2015
Perf: $1,152.80 Date: 6/30/2015
Perf: $1,109.42 Date: 5/31/2015
Perf: $1,170.28 Date: 4/30/2015
Perf: $1,178.76 Date: 3/31/2015
Perf: $1,226.09 Date: 2/28/2015
Perf: $1,199.58 Date: 1/31/2015
Perf: $1,201.50 Date: 12/31/2014
Perf: $1,148.00 Date: 11/30/2014
Perf: $1,128.15 Date: 10/31/2014
Perf: $1,064.79 Date: 9/30/2014
Perf: $1,049.37 Date: 8/31/2014
Perf: $1,033.96 Date: 7/31/2014
Perf: $992.00 Date: 6/30/2014
Perf: $1,000.00 Date: 11/30/2018
Perf: $1,543.26 Date: 10/31/2018
Perf: $1,512.40 Date: 9/30/2018
Perf: $1,623.45 Date: 8/31/2018
Perf: $1,614.24 Date: 7/31/2018
Perf: $1,563.28 Date: 6/30/2018
Perf: $1,507.21 Date: 5/31/2018
Perf: $1,497.93 Date: 4/30/2018
Perf: $1,462.68 Date: 3/31/2018
Perf: $1,457.14 Date: 2/28/2018
Perf: $1,495.11 Date: 1/31/2018
Perf: $1,552.40 Date: 12/31/2017
Perf: $1,468.27 Date: 11/30/2017
Perf: $1,452.15 Date: 10/31/2017
Perf: $1,408.89 Date: 9/30/2017
Perf: $1,376.81 Date: 8/31/2017
Perf: $1,349.02 Date: 7/31/2017
Perf: $1,344.86 Date: 6/30/2017
Perf: $1,317.71 Date: 5/31/2017
Perf: $1,309.59 Date: 4/30/2017
Perf: $1,291.38 Date: 3/31/2017
Perf: $1,278.22 Date: 2/28/2017
Perf: $1,276.69 Date: 1/31/2017
Perf: $1,227.94 Date: 12/31/2016
Perf: $1,205.04 Date: 11/30/2016
Perf: $1,181.64 Date: 10/31/2016
Perf: $1,139.48 Date: 9/30/2016
Perf: $1,160.61 Date: 8/31/2016
Perf: $1,160.37 Date: 7/31/2016
Perf: $1,158.75 Date: 6/30/2016
Perf: $1,117.52 Date: 5/31/2016
Perf: $1,114.62 Date: 4/30/2016
Perf: $1,094.91 Date: 3/31/2016
Perf: $1,090.66 Date: 2/29/2016
Perf: $1,021.40 Date: 1/31/2016
Perf: $1,022.73 Date: 12/31/2015
Perf: $1,076.11 Date: 11/30/2015
Perf: $1,093.38 Date: 10/31/2015
Perf: $1,090.11 Date: 9/30/2015
Perf: $1,005.27 Date: 8/31/2015
Perf: $1,030.73 Date: 7/31/2015
Perf: $1,096.87 Date: 6/30/2015
Perf: $1,074.31 Date: 5/31/2015
Perf: $1,095.56 Date: 4/30/2015
Perf: $1,081.61 Date: 3/31/2015
Perf: $1,071.33 Date: 2/28/2015
Perf: $1,088.52 Date: 1/31/2015
Perf: $1,029.34 Date: 12/31/2014
Perf: $1,061.17 Date: 11/30/2014
Perf: $1,063.83 Date: 10/31/2014
Perf: $1,035.96 Date: 9/30/2014
Perf: $1,011.29 Date: 8/31/2014
Perf: $1,025.65 Date: 7/31/2014
Perf: $986.20 Date: 6/30/2014
Perf: $1,000.00 Date: 11/30/2018
Perf: $1,399.83 Date: 10/31/2018
Perf: $1,394.11 Date: 9/30/2018
Perf: $1,453.41 Date: 8/31/2018
Perf: $1,439.59 Date: 7/31/2018
Perf: $1,427.03 Date: 6/30/2018
Perf: $1,435.36 Date: 5/31/2018
Perf: $1,423.83 Date: 4/30/2018
Perf: $1,417.31 Date: 3/31/2018
Perf: $1,382.20 Date: 2/28/2018
Perf: $1,364.06 Date: 1/31/2018
Perf: $1,403.21 Date: 12/31/2017
Perf: $1,363.92 Date: 11/30/2017
Perf: $1,370.37 Date: 10/31/2017
Perf: $1,367.08 Date: 9/30/2017
Perf: $1,366.54 Date: 8/31/2017
Perf: $1,342.51 Date: 7/31/2017
Perf: $1,310.91 Date: 6/30/2017
Perf: $1,316.97 Date: 5/31/2017
Perf: $1,312.38 Date: 4/30/2017
Perf: $1,307.80 Date: 3/31/2017
Perf: $1,310.42 Date: 2/28/2017
Perf: $1,294.24 Date: 1/31/2017
Perf: $1,310.10 Date: 12/31/2016
Perf: $1,330.05 Date: 11/30/2016
Perf: $1,310.91 Date: 10/31/2016
Perf: $1,297.54 Date: 9/30/2016
Perf: $1,304.72 Date: 8/31/2016
Perf: $1,277.88 Date: 7/31/2016
Perf: $1,267.74 Date: 6/30/2016
Perf: $1,286.52 Date: 5/31/2016
Perf: $1,296.51 Date: 4/30/2016
Perf: $1,292.89 Date: 3/31/2016
Perf: $1,257.06 Date: 2/29/2016
Perf: $1,246.34 Date: 1/31/2016
Perf: $1,248.84 Date: 12/31/2015
Perf: $1,252.22 Date: 11/30/2015
Perf: $1,260.92 Date: 10/31/2015
Perf: $1,269.43 Date: 9/30/2015
Perf: $1,276.83 Date: 8/31/2015
Perf: $1,274.67 Date: 7/31/2015
Perf: $1,271.36 Date: 6/30/2015
Perf: $1,288.89 Date: 5/31/2015
Perf: $1,281.07 Date: 4/30/2015
Perf: $1,269.14 Date: 3/31/2015
Perf: $1,217.52 Date: 2/28/2015
Perf: $1,211.46 Date: 1/31/2015
Perf: $1,182.49 Date: 12/31/2014
Perf: $1,161.13 Date: 11/30/2014
Perf: $1,165.79 Date: 10/31/2014
Perf: $1,126.15 Date: 9/30/2014
Perf: $1,089.86 Date: 8/31/2014
Perf: $1,061.83 Date: 7/31/2014
Perf: $1,029.80 Date: 6/30/2014
Perf: $1,000.00
Note: All performance data is since program inception.

Monthly Returns

Date Range: 06/14 - 11/18
Date: 11/30/2018
Return: 0.41 % Date: 10/31/2018
Return: -4.08 % Date: 9/30/2018
Return: 0.96 % Date: 8/31/2018
Return: 0.88 % Date: 7/31/2018
Return: -0.58 % Date: 6/30/2018
Return: 0.81 % Date: 5/31/2018
Return: 0.46 % Date: 4/30/2018
Return: 2.54 % Date: 3/31/2018
Return: 1.33 % Date: 2/28/2018
Return: -2.79 % Date: 1/31/2018
Return: 2.88 % Date: 12/31/2017
Return: -0.47 % Date: 11/30/2017
Return: 0.24 % Date: 10/31/2017
Return: 0.04 % Date: 9/30/2017
Return: 1.79 % Date: 8/31/2017
Return: 2.41 % Date: 7/31/2017
Return: -0.46 % Date: 6/30/2017
Return: 0.35 % Date: 5/31/2017
Return: 0.35 % Date: 4/30/2017
Return: -0.20 % Date: 3/31/2017
Return: 1.25 % Date: 2/28/2017
Return: -1.21 % Date: 1/31/2017
Return: -1.50 % Date: 12/31/2016
Return: 1.46 % Date: 11/30/2016
Return: 1.03 % Date: 10/31/2016
Return: -0.55 % Date: 9/30/2016
Return: 2.10 % Date: 8/31/2016
Return: 0.80 % Date: 7/31/2016
Return: -1.46 % Date: 6/30/2016
Return: -0.77 % Date: 5/31/2016
Return: 0.28 % Date: 4/30/2016
Return: 2.85 % Date: 3/31/2016
Return: 0.86 % Date: 2/29/2016
Return: -0.20 % Date: 1/31/2016
Return: -0.27 % Date: 12/31/2015
Return: -0.69 % Date: 11/30/2015
Return: -0.67 % Date: 10/31/2015
Return: -0.58 % Date: 9/30/2015
Return: 0.17 % Date: 8/31/2015
Return: 0.26 % Date: 7/31/2015
Return: -1.36 % Date: 6/30/2015
Return: 0.61 % Date: 5/31/2015
Return: 0.94 % Date: 4/30/2015
Return: 4.24 % Date: 3/31/2015
Return: 0.50 % Date: 2/28/2015
Return: 2.45 % Date: 1/31/2015
Return: 1.84 % Date: 12/31/2014
Return: -0.40 % Date: 11/30/2014
Return: 3.52 % Date: 10/31/2014
Return: 3.33 % Date: 9/30/2014
Return: 2.64 % Date: 8/31/2014
Return: 3.11 % Date: 7/31/2014
Return: 2.98 % Date: 6/30/2014
Return: 0.00 %
Note: All performance data is since program inception.

Distribution of Monthly Returns

Date Range: 06/14 - 11/18
Return: -4.00 %
Count: 1 Return: -3.00 %
Count: 1 Return: -1.00 %
Count: 10 Return: 1.00 %
Count: 12 Return: 2.00 %
Count: 5 Return: 4.00 %
Count: 2 Return: 3.00 %
Count: 7 Return: 0.00 %
Count: 16
Note: All performance data is since program inception.

Underwater Curve

Date Range: 06/14 - 11/18
Date: 11/30/2018
Drawdown: -3.69 % Date: 10/31/2018
Drawdown: -4.08 % Date: 9/30/2018
Drawdown: 0.00 % Date: 8/31/2018
Drawdown: 0.00 % Date: 7/31/2018
Drawdown: -0.58 % Date: 6/30/2018
Drawdown: 0.00 % Date: 5/31/2018
Drawdown: 0.00 % Date: 4/30/2018
Drawdown: 0.00 % Date: 3/31/2018
Drawdown: -1.50 % Date: 2/28/2018
Drawdown: -2.79 % Date: 1/31/2018
Drawdown: 0.00 % Date: 12/31/2017
Drawdown: -0.47 % Date: 11/30/2017
Drawdown: 0.00 % Date: 10/31/2017
Drawdown: 0.00 % Date: 9/30/2017
Drawdown: 0.00 % Date: 8/31/2017
Drawdown: 0.00 % Date: 7/31/2017
Drawdown: -1.44 % Date: 6/30/2017
Drawdown: -0.98 % Date: 5/31/2017
Drawdown: -1.33 % Date: 4/30/2017
Drawdown: -1.67 % Date: 3/31/2017
Drawdown: -1.48 % Date: 2/28/2017
Drawdown: -2.69 % Date: 1/31/2017
Drawdown: -1.50 % Date: 12/31/2016
Drawdown: 0.00 % Date: 11/30/2016
Drawdown: 0.00 % Date: 10/31/2016
Drawdown: -0.55 % Date: 9/30/2016
Drawdown: 0.00 % Date: 8/31/2016
Drawdown: -1.44 % Date: 7/31/2016
Drawdown: -2.22 % Date: 6/30/2016
Drawdown: -0.77 % Date: 5/31/2016
Drawdown: 0.00 % Date: 4/30/2016
Drawdown: 0.00 % Date: 3/31/2016
Drawdown: -2.47 % Date: 2/29/2016
Drawdown: -3.30 % Date: 1/31/2016
Drawdown: -3.11 % Date: 12/31/2015
Drawdown: -2.84 % Date: 11/30/2015
Drawdown: -2.17 % Date: 10/31/2015
Drawdown: -1.51 % Date: 9/30/2015
Drawdown: -0.94 % Date: 8/31/2015
Drawdown: -1.10 % Date: 7/31/2015
Drawdown: -1.36 % Date: 6/30/2015
Drawdown: 0.00 % Date: 5/31/2015
Drawdown: 0.00 % Date: 4/30/2015
Drawdown: 0.00 % Date: 3/31/2015
Drawdown: 0.00 % Date: 2/28/2015
Drawdown: 0.00 % Date: 1/31/2015
Drawdown: 0.00 % Date: 12/31/2014
Drawdown: -0.40 % Date: 11/30/2014
Drawdown: 0.00 % Date: 10/31/2014
Drawdown: 0.00 % Date: 9/30/2014
Drawdown: 0.00 % Date: 8/31/2014
Drawdown: 0.00 % Date: 7/31/2014
Drawdown: 0.00 %
Note: All performance data is since program inception.

Underwater Curve

Manager Information

Manager Name:  Buttonwood, LLC
Address: 3102 Oak Lawn Ave
City: Dallas
State: TX
Zip: 75219
Country: USA

Key People

Name:  Dennis Weinmann
Position:  Portfolio Manager
Biography: 

Buttonwood Trading is directed by portfolio manager, Dennis Weinmann, an energy trading veteran for almost 30 years. Dennis started working on the trading floor of the New York Mercantile Exchange,(“NYMEX”) in 1985. He was immediately drawn to the fast pace of the energy markets, and the opportunities it provided. Dennis began studying technical analysis, among other forms of market analysis, in an attempt to find an exploitable edge in the markets. That pursuit has continued to this day. In 1990, Dennis started Coquest Inc., a futures brokerage operation along with John Vassallo. The focus of their business is working with energy companies to assist them with hedging and trading the energy markets. As energy risk management has continued to evolve, Dennis believed that more and more arbitrage opportunities were becoming available throughout the energy sector. This was the foundation for the Buttonwood Trading Program.


Additional Information

 Futures Sectors Traded
 Energies Yes 
 Investment Methodology
 Fundamental Analysis Yes 
 Technical Yes 
 Discretionary Yes 
 Sector Specialist Yes 
 Arbitrage Yes 
 Instruments Traded
 Futures Yes 
 Listed Options Yes 
 Geographical Focus
 United States Yes 
 Holding Period
 Medium Term Yes 
 Short Term Yes 
 Investment Terms & Information
 Managed Account Minimum: $20,000,000 
 Margin / Equity Ratio: 7% 
 Managed Account Availability: Open