Apoena Research
Menu
PortfoliosF FontaineA AberdeenW WestmoreR Renoir
ResearchHow we investAboutPortuguês

Macro · moderate risk

A Aberdeen

Government bonds, bank deposits and overnight cash that earn interest every day.

Aberdeen has returned +33.11% since 30 June 2024. The CDI returned +33.13% over the same months. ▼ Behind the CDI
Since 30 Jun 2024+33.11%CDI +33.13%+13.54% a year · CDI +13.55% a year
Last 12 months+17.16%CDI +14.47%
2026 to September+13.77%CDI +10.51%
Worst fall−0.84%Feb 2026 → Mar 2026°

Returns to 30 September 2026, the last month-end valuation, in reais, before personal tax · the investment policy applies from 1 October 2026; earlier months are history · ° estimated month: a large deposit arrived on a day with no valuation · past performance is no guarantee of future results. How we measure →

Return

Aberdeen against the CDI

  • A Aberdeen
  • CDI
  • estimated month
  • Point at the chart for any month

A Aberdeen +33.11% · +13.54% a yearCDI +33.13%Difference −0.02 pts

A Aberdeen against the CDI, since start: from 30 June 2024A Aberdeen: 30 point(s) drawn, 0 with no value; CDI: 30 point(s) drawn, 0 with no value0%+10%+20%+30%20252026A Aberdeen 2024-08-31: estimated monthA Aberdeen 2025-01-31: estimated monthA Aberdeen 2025-02-28: estimated monthA Aberdeen 2025-10-31: estimated monthA Aberdeen 2025-12-31: estimated monthA Aberdeen 2026-03-31: estimated monthA Aberdeen 2026-06-19: estimated monthA Aberdeen 2026-07-31: estimated monthA Aberdeen 2026-08-30: estimated monthA Aberdeen: 33.11 on 2026-09-30CDI: 33.13 on 2026-09-30CDI +33.13%A Aberdeen +33.11%30 Jun 20240.00% A Aberdeen0.00% CDI31 Jul 2024+0.92% A Aberdeen+0.91% CDI31 Aug 2024+1.61% A Aberdeen+1.78% CDIestimated month30 Sep 2024+2.47% A Aberdeen+2.63% CDI31 Oct 2024+3.43% A Aberdeen+3.58% CDI30 Nov 2024+3.76% A Aberdeen+4.41% CDI31 Dec 2024+4.11% A Aberdeen+5.38% CDI31 Jan 2025+4.99% A Aberdeen+6.45% CDIestimated month28 Feb 2025+5.95% A Aberdeen+7.50% CDIestimated month31 Mar 2025+7.25% A Aberdeen+8.53% CDI30 Apr 2025+8.40% A Aberdeen+9.68% CDI31 May 2025+9.56% A Aberdeen+10.93% CDI30 Jun 2025+10.56% A Aberdeen+12.14% CDI31 Jul 2025+11.82% A Aberdeen+13.57% CDI31 Aug 2025+12.46% A Aberdeen+14.90% CDI30 Sep 2025+13.61% A Aberdeen+16.30% CDI31 Oct 2025+14.87% A Aberdeen+17.78% CDIestimated month30 Nov 2025+15.80% A Aberdeen+19.02% CDI31 Dec 2025+17.00% A Aberdeen+20.47% CDIestimated month31 Jan 2026+18.22% A Aberdeen+21.88% CDI28 Feb 2026+19.01% A Aberdeen+23.09% CDI31 Mar 2026+18.01% A Aberdeen+24.58% CDIestimated month30 Apr 2026+19.69% A Aberdeen+25.94% CDI31 May 2026+21.08% A Aberdeen+27.29% CDI19 Jun 2026+29.55% A Aberdeen+28.25% CDIestimated month30 Jun 2026+30.21% A Aberdeen+28.72% CDI31 Jul 2026+30.92% A Aberdeen+30.28% CDIestimated month30 Aug 2026+32.30% A Aberdeen+31.64% CDIestimated month21 Sep 2026+32.85% A Aberdeen+32.66% CDI30 Sep 2026+33.11% A Aberdeen+33.13% CDI
Growth since 30 Jun 2024, in %, to 30 Sep 2026.
A Aberdeen against the CDI, since start: from 30 June 2024A Aberdeen: 30 point(s) drawn, 0 with no value; CDI: 30 point(s) drawn, 0 with no value0%+10%+20%+30%20252026A Aberdeen 2024-08-31: estimated monthA Aberdeen 2025-01-31: estimated monthA Aberdeen 2025-02-28: estimated monthA Aberdeen 2025-10-31: estimated monthA Aberdeen 2025-12-31: estimated monthA Aberdeen 2026-03-31: estimated monthA Aberdeen 2026-06-19: estimated monthA Aberdeen 2026-07-31: estimated monthA Aberdeen 2026-08-30: estimated monthA Aberdeen: 33.11 on 2026-09-30CDI: 33.13 on 2026-09-3030 Jun 20240.00% A Aberdeen0.00% CDI31 Jul 2024+0.92% A Aberdeen+0.91% CDI31 Aug 2024+1.61% A Aberdeen+1.78% CDIestimated month30 Sep 2024+2.47% A Aberdeen+2.63% CDI31 Oct 2024+3.43% A Aberdeen+3.58% CDI30 Nov 2024+3.76% A Aberdeen+4.41% CDI31 Dec 2024+4.11% A Aberdeen+5.38% CDI31 Jan 2025+4.99% A Aberdeen+6.45% CDIestimated month28 Feb 2025+5.95% A Aberdeen+7.50% CDIestimated month31 Mar 2025+7.25% A Aberdeen+8.53% CDI30 Apr 2025+8.40% A Aberdeen+9.68% CDI31 May 2025+9.56% A Aberdeen+10.93% CDI30 Jun 2025+10.56% A Aberdeen+12.14% CDI31 Jul 2025+11.82% A Aberdeen+13.57% CDI31 Aug 2025+12.46% A Aberdeen+14.90% CDI30 Sep 2025+13.61% A Aberdeen+16.30% CDI31 Oct 2025+14.87% A Aberdeen+17.78% CDIestimated month30 Nov 2025+15.80% A Aberdeen+19.02% CDI31 Dec 2025+17.00% A Aberdeen+20.47% CDIestimated month31 Jan 2026+18.22% A Aberdeen+21.88% CDI28 Feb 2026+19.01% A Aberdeen+23.09% CDI31 Mar 2026+18.01% A Aberdeen+24.58% CDIestimated month30 Apr 2026+19.69% A Aberdeen+25.94% CDI31 May 2026+21.08% A Aberdeen+27.29% CDI19 Jun 2026+29.55% A Aberdeen+28.25% CDIestimated month30 Jun 2026+30.21% A Aberdeen+28.72% CDI31 Jul 2026+30.92% A Aberdeen+30.28% CDIestimated month30 Aug 2026+32.30% A Aberdeen+31.64% CDIestimated month21 Sep 2026+32.85% A Aberdeen+32.66% CDI30 Sep 2026+33.11% A Aberdeen+33.13% CDI
Growth since 30 Jun 2024, in %, to 30 Sep 2026.
DateA Aberdeen, cumulativeCDI, cumulative
30 Jun 20240.00%0.00%
31 Jul 2024+0.92%+0.91%
31 Aug 2024°+1.61%+1.78%
30 Sep 2024+2.47%+2.63%
31 Oct 2024+3.43%+3.58%
30 Nov 2024+3.76%+4.41%
31 Dec 2024+4.11%+5.38%
31 Jan 2025°+4.99%+6.45%
28 Feb 2025°+5.95%+7.50%
31 Mar 2025+7.25%+8.53%
30 Apr 2025+8.40%+9.68%
31 May 2025+9.56%+10.93%
30 Jun 2025+10.56%+12.14%
31 Jul 2025+11.82%+13.57%
31 Aug 2025+12.46%+14.90%
30 Sep 2025+13.61%+16.30%
31 Oct 2025°+14.87%+17.78%
30 Nov 2025+15.80%+19.02%
31 Dec 2025°+17.00%+20.47%
31 Jan 2026+18.22%+21.88%
28 Feb 2026+19.01%+23.09%
31 Mar 2026°+18.01%+24.58%
30 Apr 2026+19.69%+25.94%
31 May 2026+21.08%+27.29%
19 Jun 2026°+29.55%+28.25%
30 Jun 2026+30.21%+28.72%
31 Jul 2026°+30.92%+30.28%
30 Aug 2026°+32.30%+31.64%
21 Sep 2026+32.85%+32.66%
30 Sep 2026+33.11%+33.13%

Growth since 30 Jun 2024, in %, to 30 Sep 2026.

A Aberdeen +17.16%CDI +14.47%Difference +2.69 pts

A Aberdeen against the CDI, 12 months: from 30 September 2025A Aberdeen: 15 point(s) drawn, 0 with no value; CDI: 15 point(s) drawn, 0 with no value0%+5%+10%+15%Sep 2025Oct 2025Nov 2025Dec 2025Jan 2026Feb 2026Mar 2026Apr 2026May 2026Jun 2026Jul 2026Aug 2026Sep 2026A Aberdeen 2025-10-31: estimated monthA Aberdeen 2025-12-31: estimated monthA Aberdeen 2026-03-31: estimated monthA Aberdeen 2026-06-19: estimated monthA Aberdeen 2026-07-31: estimated monthA Aberdeen 2026-08-30: estimated monthA Aberdeen: 17.16 on 2026-09-30CDI: 14.47 on 2026-09-30A Aberdeen +17.16%CDI +14.47%30 Sep 20250.00% A Aberdeen0.00% CDI31 Oct 2025+1.11% A Aberdeen+1.28% CDIestimated month30 Nov 2025+1.93% A Aberdeen+2.34% CDI31 Dec 2025+2.98% A Aberdeen+3.59% CDIestimated month31 Jan 2026+4.06% A Aberdeen+4.80% CDI28 Feb 2026+4.75% A Aberdeen+5.84% CDI31 Mar 2026+3.87% A Aberdeen+7.12% CDIestimated month30 Apr 2026+5.35% A Aberdeen+8.29% CDI31 May 2026+6.57% A Aberdeen+9.45% CDI19 Jun 2026+14.03% A Aberdeen+10.27% CDIestimated month30 Jun 2026+14.61% A Aberdeen+10.68% CDI31 Jul 2026+15.24% A Aberdeen+12.02% CDIestimated month30 Aug 2026+16.45% A Aberdeen+13.19% CDIestimated month21 Sep 2026+16.94% A Aberdeen+14.07% CDI30 Sep 2026+17.16% A Aberdeen+14.47% CDI
Growth since 30 Sep 2025, in %, to 30 Sep 2026.
A Aberdeen against the CDI, 12 months: from 30 September 2025A Aberdeen: 15 point(s) drawn, 0 with no value; CDI: 15 point(s) drawn, 0 with no value0%+5%+10%+15%Oct 2025Jan 2026Apr 2026Jul 2026A Aberdeen 2025-10-31: estimated monthA Aberdeen 2025-12-31: estimated monthA Aberdeen 2026-03-31: estimated monthA Aberdeen 2026-06-19: estimated monthA Aberdeen 2026-07-31: estimated monthA Aberdeen 2026-08-30: estimated monthA Aberdeen: 17.16 on 2026-09-30CDI: 14.47 on 2026-09-3030 Sep 20250.00% A Aberdeen0.00% CDI31 Oct 2025+1.11% A Aberdeen+1.28% CDIestimated month30 Nov 2025+1.93% A Aberdeen+2.34% CDI31 Dec 2025+2.98% A Aberdeen+3.59% CDIestimated month31 Jan 2026+4.06% A Aberdeen+4.80% CDI28 Feb 2026+4.75% A Aberdeen+5.84% CDI31 Mar 2026+3.87% A Aberdeen+7.12% CDIestimated month30 Apr 2026+5.35% A Aberdeen+8.29% CDI31 May 2026+6.57% A Aberdeen+9.45% CDI19 Jun 2026+14.03% A Aberdeen+10.27% CDIestimated month30 Jun 2026+14.61% A Aberdeen+10.68% CDI31 Jul 2026+15.24% A Aberdeen+12.02% CDIestimated month30 Aug 2026+16.45% A Aberdeen+13.19% CDIestimated month21 Sep 2026+16.94% A Aberdeen+14.07% CDI30 Sep 2026+17.16% A Aberdeen+14.47% CDI
Growth since 30 Sep 2025, in %, to 30 Sep 2026.
DateA Aberdeen, cumulativeCDI, cumulative
30 Sep 20250.00%0.00%
31 Oct 2025°+1.11%+1.28%
30 Nov 2025+1.93%+2.34%
31 Dec 2025°+2.98%+3.59%
31 Jan 2026+4.06%+4.80%
28 Feb 2026+4.75%+5.84%
31 Mar 2026°+3.87%+7.12%
30 Apr 2026+5.35%+8.29%
31 May 2026+6.57%+9.45%
19 Jun 2026°+14.03%+10.27%
30 Jun 2026+14.61%+10.68%
31 Jul 2026°+15.24%+12.02%
30 Aug 2026°+16.45%+13.19%
21 Sep 2026+16.94%+14.07%
30 Sep 2026+17.16%+14.47%

Growth since 30 Sep 2025, in %, to 30 Sep 2026.

A Aberdeen +13.77%CDI +10.51%Difference +3.26 pts

A Aberdeen against the CDI, 2026: from 31 December 2025A Aberdeen: 12 point(s) drawn, 0 with no value; CDI: 12 point(s) drawn, 0 with no value0%+2.5%+5%+7.5%+10%+12.5%Dec 2025Jan 2026Feb 2026Mar 2026Apr 2026May 2026Jun 2026Jul 2026Aug 2026Sep 2026A Aberdeen 2026-03-31: estimated monthA Aberdeen 2026-06-19: estimated monthA Aberdeen 2026-07-31: estimated monthA Aberdeen 2026-08-30: estimated monthA Aberdeen: 13.77 on 2026-09-30CDI: 10.51 on 2026-09-30A Aberdeen +13.77%CDI +10.51%31 Dec 20250.00% A Aberdeen0.00% CDI31 Jan 2026+1.04% A Aberdeen+1.16% CDI28 Feb 2026+1.71% A Aberdeen+2.17% CDI31 Mar 2026+0.86% A Aberdeen+3.41% CDIestimated month30 Apr 2026+2.30% A Aberdeen+4.54% CDI31 May 2026+3.49% A Aberdeen+5.66% CDI19 Jun 2026+10.73% A Aberdeen+6.45% CDIestimated month30 Jun 2026+11.29% A Aberdeen+6.84% CDI31 Jul 2026+11.90% A Aberdeen+8.14% CDIestimated month30 Aug 2026+13.08% A Aberdeen+9.27% CDIestimated month21 Sep 2026+13.55% A Aberdeen+10.11% CDI30 Sep 2026+13.77% A Aberdeen+10.51% CDI
Growth since 31 Dec 2025, in %, to 30 Sep 2026.
A Aberdeen against the CDI, 2026: from 31 December 2025A Aberdeen: 12 point(s) drawn, 0 with no value; CDI: 12 point(s) drawn, 0 with no value0%+2.5%+5%+7.5%+10%+12.5%Jan 2026Mar 2026May 2026Jul 2026Sep 2026A Aberdeen 2026-03-31: estimated monthA Aberdeen 2026-06-19: estimated monthA Aberdeen 2026-07-31: estimated monthA Aberdeen 2026-08-30: estimated monthA Aberdeen: 13.77 on 2026-09-30CDI: 10.51 on 2026-09-3031 Dec 20250.00% A Aberdeen0.00% CDI31 Jan 2026+1.04% A Aberdeen+1.16% CDI28 Feb 2026+1.71% A Aberdeen+2.17% CDI31 Mar 2026+0.86% A Aberdeen+3.41% CDIestimated month30 Apr 2026+2.30% A Aberdeen+4.54% CDI31 May 2026+3.49% A Aberdeen+5.66% CDI19 Jun 2026+10.73% A Aberdeen+6.45% CDIestimated month30 Jun 2026+11.29% A Aberdeen+6.84% CDI31 Jul 2026+11.90% A Aberdeen+8.14% CDIestimated month30 Aug 2026+13.08% A Aberdeen+9.27% CDIestimated month21 Sep 2026+13.55% A Aberdeen+10.11% CDI30 Sep 2026+13.77% A Aberdeen+10.51% CDI
Growth since 31 Dec 2025, in %, to 30 Sep 2026.
DateA Aberdeen, cumulativeCDI, cumulative
31 Dec 20250.00%0.00%
31 Jan 2026+1.04%+1.16%
28 Feb 2026+1.71%+2.17%
31 Mar 2026°+0.86%+3.41%
30 Apr 2026+2.30%+4.54%
31 May 2026+3.49%+5.66%
19 Jun 2026°+10.73%+6.45%
30 Jun 2026+11.29%+6.84%
31 Jul 2026°+11.90%+8.14%
30 Aug 2026°+13.08%+9.27%
21 Sep 2026+13.55%+10.11%
30 Sep 2026+13.77%+10.51%

Growth since 31 Dec 2025, in %, to 30 Sep 2026.

Month by month

Up in 26 of 27 months

Download monthly returns (CSV)
JanFebMarAprMayJunJulAugSepOctNovDecYearCDI
2026+1.04+0.67−0.84°+1.42+1.16+7.54°+0.55°+1.05°+0.61+13.77+10.51
2025+0.85°+0.92°+1.23+1.07+1.07+0.92+1.14+0.57+1.02+1.11°+0.82+1.03°+12.38+14.32
2024from Jul+0.92+0.69°+0.85+0.93+0.32+0.34+4.11+5.38
2026+13.77% · CDI +10.51%
Jan+1.04
Feb+0.67
Mar−0.84°
Apr+1.42
May+1.16
Jun+7.54°
Jul+0.55°
Aug+1.05°
Sep+0.61
Oct
Nov
Dec
2025+12.38% · CDI +14.32%
Jan+0.85°
Feb+0.92°
Mar+1.23
Apr+1.07
May+1.07
Jun+0.92
Jul+1.14
Aug+0.57
Sep+1.02
Oct+1.11°
Nov+0.82
Dec+1.03°
2024 (from Jul)+4.11% · CDI +5.38%
Jan
Feb
Mar
Apr
May
Jun
Jul+0.92
Aug+0.69°
Sep+0.85
Oct+0.93
Nov+0.32
Dec+0.34

% per month. ° Estimated: a large deposit or withdrawal arrived on a day with no valuation, so the month counts it from the day it arrived. Earlier published figures →

Holdings · at 5 Oct 2026

What Aberdeen owns

By asset class

Cash65.60%
Fixed income23.72%
Government bonds5.02%
Alternatives3.64%
Real estate funds2.02%

Largest holdings

  1. CDB BANCO XP S.A. - AGO/203116.89%
  2. CDB BANCO C6 CONSIGNADO S.A. - AGO/20326.83%
  3. LTN - JAN/20295.02%
  4. GBTC113.64%
  5. KNSC111.36%

Weights of Aberdeen's value at the latest valuation, 5 October 2026.

Risk

How much it swings

Measured on 27 month-to-month returns since 30 Jun 2024. A short record: read these as estimates.

Volatility4.71%a year
Best month+7.54%Jun 2026°
Worst month−0.84%Mar 2026°

Distance below the previous high

A Aberdeen: distance below its own highest pointA Aberdeen: 30 point(s) drawn, 0 with no value−0.8%−0.6%−0.4%−0.2%0%20252026A Aberdeen: 0.00 on 2026-09-30A Aberdeen 0.00%30 Jun 20240.00% A Aberdeen31 Jul 20240.00% A Aberdeen31 Aug 20240.00% A Aberdeen30 Sep 20240.00% A Aberdeen31 Oct 20240.00% A Aberdeen30 Nov 20240.00% A Aberdeen31 Dec 20240.00% A Aberdeen31 Jan 20250.00% A Aberdeen28 Feb 20250.00% A Aberdeen31 Mar 20250.00% A Aberdeen30 Apr 20250.00% A Aberdeen31 May 20250.00% A Aberdeen30 Jun 20250.00% A Aberdeen31 Jul 20250.00% A Aberdeen31 Aug 20250.00% A Aberdeen30 Sep 20250.00% A Aberdeen31 Oct 20250.00% A Aberdeen30 Nov 20250.00% A Aberdeen31 Dec 20250.00% A Aberdeen31 Jan 20260.00% A Aberdeen28 Feb 20260.00% A Aberdeen31 Mar 2026−0.84% A Aberdeen30 Apr 20260.00% A Aberdeen31 May 20260.00% A Aberdeen19 Jun 20260.00% A Aberdeen30 Jun 20260.00% A Aberdeen31 Jul 20260.00% A Aberdeen30 Aug 20260.00% A Aberdeen21 Sep 20260.00% A Aberdeen30 Sep 20260.00% A Aberdeen
0% is a new high. Deepest: −0.84%, Feb 2026 → Mar 2026°.
A Aberdeen: distance below its own highest pointA Aberdeen: 30 point(s) drawn, 0 with no value−0.8%−0.6%−0.4%−0.2%0%20252026A Aberdeen: 0.00 on 2026-09-3030 Jun 20240.00% A Aberdeen31 Jul 20240.00% A Aberdeen31 Aug 20240.00% A Aberdeen30 Sep 20240.00% A Aberdeen31 Oct 20240.00% A Aberdeen30 Nov 20240.00% A Aberdeen31 Dec 20240.00% A Aberdeen31 Jan 20250.00% A Aberdeen28 Feb 20250.00% A Aberdeen31 Mar 20250.00% A Aberdeen30 Apr 20250.00% A Aberdeen31 May 20250.00% A Aberdeen30 Jun 20250.00% A Aberdeen31 Jul 20250.00% A Aberdeen31 Aug 20250.00% A Aberdeen30 Sep 20250.00% A Aberdeen31 Oct 20250.00% A Aberdeen30 Nov 20250.00% A Aberdeen31 Dec 20250.00% A Aberdeen31 Jan 20260.00% A Aberdeen28 Feb 20260.00% A Aberdeen31 Mar 2026−0.84% A Aberdeen30 Apr 20260.00% A Aberdeen31 May 20260.00% A Aberdeen19 Jun 20260.00% A Aberdeen30 Jun 20260.00% A Aberdeen31 Jul 20260.00% A Aberdeen30 Aug 20260.00% A Aberdeen21 Sep 20260.00% A Aberdeen30 Sep 20260.00% A Aberdeen
0% is a new high. Deepest: −0.84%, Feb 2026 → Mar 2026°.
More statistics

Sharpe ratio 0.02 · Sortino ratio 0.06 · 27 monthly returns · 9 of 29 periods estimated.

Policy

The rules from 1 October 2026

  • Goal: 110% of the CDI a year, before tax, until the portfolio runs its mandate from 2 November 2026 (About). A goal, not a promise.
  • Loss limit: a written review at a 10% or 20% fall from peak (one limit per personal portfolio), never a forced sale.
  • Spread: at most 10% in any one share, fund or coin; government bonds not capped.
  • Targets: published with the first figures after 1 October.

All the rules →