Ocean Tomo, LLC, the Chicago-based provider of diversified intellectual property-related services, announced the Claymore/Ocean Tomo 300® Patent Index ETF (NYSE Arca: OTP) concluded its third year of trading outperforming the S&P 500 ETF (SPY) by 4.13% in 2009 and by 11.52% over the past three years. This was accomplished with an information ratio relative to the SPY of 1.3. OTP outperformed SPY in 25 out of 25 rolling one-year periods. “We believe these results again validate the conclusions developed by our research — companies with the strongest IP portfolios simply outperform in both growth markets as well as through recession” explained James E. Malackowski, Ocean Tomo’s President and Chief Executive Officer.
“We believe these results again validate the conclusions developed by our research — companies with the strongest IP portfolios simply outperform in both growth markets as well as through recession”
The Claymore/Ocean Tomo Patent ETF received its Five-Star by Morningstar the second week of January. Morningstar rates ETFs based on risk-adjusted returns for three-year, five-year and ten-year periods. Each year they provide this ranking to only 12 ETFs out of a current universe of over 650 ETF products. The Ocean Tomo 300® Patent Index is one of only two Large Blend ETFs to receive this rating.
Ocean Tomo also announced today that Cadence Design Systems, Inc., (NASDAQ: CDNS), the leader in global electronic design innovation, has the greatest Innovation Ratio of all companies currently contributing to the performance of the Ocean Tomo 300® Patent Index. Innovation Ratio is a 100% rules-based methodology, utilized by the Index creators to identify those securities with the greatest patent portfolio value relative to the book value of the company.
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