Portfolio performance and volatility: analysis against the SMI and focus on McDonald's (MCD)

Despite a drop in market prices over the past few days, our portfolio is performing quite well. Thanks to its defensive positions and a favorable development of the dollar, it has even managed to get closer to the SMI. Nevertheless, we remain, like the market, on negative figures. Patience is the mother of all virtues...

On the volatility side, the figures are more encouraging with a 12.32%, against 17.57% for the SMI. Let us remember that the higher the volatility, the more we tend to panic, especially me :-).

The significant progression of the course of MCD (opposite, facing the S&P 500) has increased its volatility, but the company's fundamentals mean that it remains among our favorites.