It has been a difficult third year for the experimental copycat portfolio. It is down 33.9%, which compares very unfavourably to the S&P 500 (-11.3%), the FTSE 100 (4.5%) and my own portfolio (-16.8%). This leaves the copycat portfolio down 2.9% over three years, compared to S&P 500 (29.9%), FTSE 100 (3.1%) and my own portfolio (25.5%).