Select Volatility

Closed to New Business

Copia’s Select Volatility portfolio range is designed to target a clearly defined volatility objective, whilst maintaining exposure to assets with potential for real returns. In this portfolio range, capacity for loss is a key consideration of your client needs, and portfolio ‘drift’ is a key risk to your client outcomes. Select Volatility portfolios have been designed for your clients with medium-term investment horizons where capacity for loss and capital preservation is a primary consideration.




An investment portfolio where capacity for loss is the primary consideration


Defined by Risk-Return Expectations


Strategic (asset-based), Tactical realignments using the Copia Risk Barometer


Copia Screened ETFs


Min/Max Position, Turnover, Asset Range




Our investment process for the Select Volatility portfolios:

1. Set volatility targets

We have created ten portfolios to match target volatility ranges.

2. Screen for best ETFs

We use our ETF screener to identify the best ETFs for each asset class.

3. Tactical Asset Allocation

We use Copia’s Risk Barometer and take into consideration short term expected returns, volatilities and correlations from our Quant Model to adapt asset allocation.

4. Optimised Portfolio Construction

We construct the Select Volatility portfolios using the screened ETFs subject to consistent parameter constraints.

Why choose Select Volatility?

The Copia Select Volatility range provides investors with a portfolio constructed and managed using the same principles as those adopted by the world’s largest institutional investors. The range offers a choice of ten portfolios to match each of your clients’ risk preferences for medium-term investment horizons. Each portfolio has a dynamic asset allocation approach driven by our Quant Model expectations and optimised to target a volatility level for the portfolio as a whole. Portfolios are then constructed using Copia’s proprietary ETF screening process.


Shaded region in the above chart represents illustrative exposure to Equity and Risk assets (Equities
and Alternatives) within the portfolio.


Evaluating Portfolio Strategy & Outcomes

Advisers can evaluate Copia Select Volatility portfolios’ outcomes by:

  • Verifying that historic annualised volatility is within target volatility ranges, and 
  • Evaluating historic annualised returns relative to inflation.

For historic data, we use 36-month data as a minimum measuring period. Advisers can also use Value at Risk (VaR) to obtain a snapshot of the potential downside risk over a period of a particular asset allocation at a particular time.

Outcome analysis as of 31 December 2021

Select Volatility - Outcome Analysis 31122021

For illustration only Returns based on Total return, assuming income is re-invested immediately and rebalanced on due dates.


Consumer Duty Materials

The current Target Market and Value for Money statements for this portfolio can be downloaded by clicking on the links below.

For more information about the Copia Select Volatility range speak to one of our relationship managers by calling 020 4599 6475 or emailing us at [email protected]

Copia Capital Management

Hamilton House, 1 Temple Avenue, London, EC4Y 0HA

Understanding the risks

This information is intended for professional financial advisers only. Copia does not provide financial advice. This information is not intended as financial advice and should not be interpreted as such. Model investment portfolios may not be suitable for everyone. The value of funds can increase and decrease, past performance and historical data cannot guarantee future success. Investors may get back less than they originally invested.

Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

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