Aggressive: Energy Value Momentum + Gold Miner Hedge

Asset Allocation

Position	Category/Sector	Target Weight
PPA Invesco Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	20%
VDE Vanguard Energy ETF	Energy Equities	15%
VTV Vanguard Value ETF	Large Cap Value Equities	15%
AVLV Avantis U.S. Large Cap Value ETF	Large Cap Value Equities	15%
SPMO Invesco S&P 500 Momentum ETF	Momentum, S&P 500	15%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	10%
GNR SPDR S&P Global Natural Resources ETF	Commodity Producers Equities	5%
GDXJ VanEck Junior Gold Miners ETF	Gold, Precious Metals, Materials	5%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Aggressive: Energy Value Momentum + Gold Miner Hedge, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every year.

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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.30%	0.09%	8.18%	8.17%	23.42%	19.88%	11.91%	13.45%
Portfolio Aggressive: Energy Value Momentum + Gold Miner Hedge	1.30%	1.73%	21.59%	23.66%	46.31%	30.36%	—	—
Portfolio components:
AVLV Avantis U.S. Large Cap Value ETF	0.39%	2.66%	19.32%	20.75%	36.34%	22.32%	—	—
GDXJ VanEck Junior Gold Miners ETF	1.01%	-19.25%	-10.70%	-0.52%	50.65%	42.13%	15.86%	11.53%
GNR SPDR S&P Global Natural Resources ETF	0.18%	-2.80%	15.95%	20.08%	37.42%	13.57%	9.11%	10.53%
PPA Invesco Aerospace & Defense ETF	-0.43%	1.28%	8.41%	11.71%	25.14%	28.15%	17.94%	17.28%
SMH VanEck Semiconductor ETF	5.00%	5.58%	66.10%	62.81%	137.42%	60.43%	37.89%	36.92%
SPMO Invesco S&P 500 Momentum ETF	2.50%	2.83%	24.29%	22.86%	39.53%	40.28%	23.06%	20.38%
VDE Vanguard Energy ETF	1.27%	3.82%	31.33%	29.93%	44.64%	16.98%	20.26%	9.47%
VTV Vanguard Value ETF	0.25%	2.67%	11.91%	13.41%	25.49%	17.72%	11.30%	12.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 24, 2021, Aggressive: Energy Value Momentum + Gold Miner Hedge's average daily return is +0.09%, while the average monthly return is +1.76%. At this rate, an investment would double in approximately 3.3 years.

Historically, 64% of months were positive and 36% were negative. The best month was Oct 2022 with a return of +15.0%, while the worst month was Jun 2022 at -11.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Aggressive: Energy Value Momentum + Gold Miner Hedge closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +9.4%, while the worst single day was Apr 4, 2025 at -7.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	8.35%	5.22%	-3.98%	7.15%	5.01%	-1.29%							21.59%
2025	4.36%	-0.77%	-1.46%	-1.86%	6.96%	6.17%	1.76%	3.79%	5.43%	0.95%	1.19%	2.06%	32.04%
2024	0.47%	6.33%	6.44%	-2.78%	4.98%	0.99%	2.19%	1.37%	1.06%	-0.29%	5.14%	-4.89%	22.34%
2023	4.86%	-3.49%	1.82%	0.23%	-2.69%	6.52%	4.18%	-1.01%	-3.39%	-2.25%	7.78%	5.13%	18.15%
2022	-0.75%	3.24%	4.57%	-6.34%	4.32%	-11.10%	7.92%	-2.29%	-8.73%	15.00%	5.78%	-3.62%	5.02%
2021									-1.65%	6.34%	-2.43%	3.91%	6.04%

Benchmark Metrics

Aggressive: Energy Value Momentum + Gold Miner Hedge has an annualized alpha of 11.34%, beta of 0.90, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since September 24, 2021.

This portfolio captured 112.10% of S&P 500 Index gains but only 69.40% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 11.34% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
With beta of 0.90 and R2 of 0.78, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha: 11.34%

Beta: 0.90

R²: 0.78

Upside Capture: 112.10%

Downside Capture: 69.40%

Expense Ratio

Aggressive: Energy Value Momentum + Gold Miner Hedge has an expense ratio of 0.26%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

PPA

Invesco Aerospace & Defense ETF

GDXJ

VanEck Junior Gold Miners ETF

GNR

SPDR S&P Global Natural Resources ETF

SMH

VanEck Semiconductor ETF

AVLV

Avantis U.S. Large Cap Value ETF

SPMO

Invesco S&P 500 Momentum ETF

VDE

Vanguard Energy ETF

VTV

Vanguard Value ETF

Return for Risk

Risk / Return Rank

Aggressive: Energy Value Momentum + Gold Miner Hedge ranks 91 for risk / return — in the top 91% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for Aggressive: Energy Value Momentum + Gold Miner Hedge and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	3.36	1.94	+1.42
Sortino ratioReturn per unit of downside risk	4.27	2.63	+1.65
Omega ratioGain probability vs. loss probability	1.61	1.35	+0.26
Calmar ratioReturn relative to maximum drawdown	6.48	2.59	+3.89
Martin ratioReturn relative to average drawdown	26.94	11.84	+15.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AVLV Avantis U.S. Large Cap Value ETF	92	2.96	4.07	1.53	5.71	22.78
GDXJ VanEck Junior Gold Miners ETF	31	1.00	1.45	1.20	1.43	3.72
GNR SPDR S&P Global Natural Resources ETF	80	2.23	2.86	1.39	4.72	18.00
PPA Invesco Aerospace & Defense ETF	40	1.32	1.94	1.23	1.84	5.29
SMH VanEck Semiconductor ETF	96	4.27	4.33	1.62	9.26	34.80
SPMO Invesco S&P 500 Momentum ETF	71	2.13	2.81	1.39	3.13	12.02
VDE Vanguard Energy ETF	71	2.21	2.83	1.35	3.80	10.98
VTV Vanguard Value ETF	84	2.52	3.58	1.45	4.03	15.20

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Aggressive: Energy Value Momentum + Gold Miner Hedge Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 3.36
All Time: 1.28

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.64 to 2.53, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Aggressive: Energy Value Momentum + Gold Miner Hedge compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Aggressive: Energy Value Momentum + Gold Miner Hedge provided a 1.26% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.26%	1.45%	1.67%	1.79%	2.00%	1.49%	1.75%	1.65%	1.63%	1.29%	1.76%	1.68%
Portfolio components:
AVLV Avantis U.S. Large Cap Value ETF	1.08%	1.33%	1.58%	1.85%	2.00%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GDXJ VanEck Junior Gold Miners ETF	2.61%	2.33%	2.61%	0.72%	0.51%	1.78%	1.58%	0.39%	0.45%	0.03%	4.78%	0.72%
GNR SPDR S&P Global Natural Resources ETF	2.56%	2.76%	4.73%	3.37%	4.37%	3.44%	2.78%	3.84%	3.51%	2.40%	2.06%	4.59%
PPA Invesco Aerospace & Defense ETF	0.39%	0.42%	0.61%	0.67%	0.83%	0.59%	0.88%	0.95%	0.90%	0.67%	1.70%	1.41%
SMH VanEck Semiconductor ETF	0.18%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
SPMO Invesco S&P 500 Momentum ETF	0.69%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
VDE Vanguard Energy ETF	2.39%	3.11%	3.23%	3.34%	3.65%	4.13%	4.76%	3.42%	3.35%	2.90%	2.31%	3.17%
VTV Vanguard Value ETF	1.87%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Aggressive: Energy Value Momentum + Gold Miner Hedge. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Aggressive: Energy Value Momentum + Gold Miner Hedge was 18.97%, occurring on Sep 26, 2022. Recovery took 82 trading sessions.

The current Aggressive: Energy Value Momentum + Gold Miner Hedge drawdown is 3.81%.

Related event	Drawdown	Fall	Recovery	Underwater
Bear market2022	-18.97%Sep 2022	6mo 2d	4mo	10mo 2dMar 2022 - Jan 2023
2025 selloff2025	-16.47%Apr 2025	2mo 14d	1mo 7d	3mo 21dJan 2025 - May 2025
2024 pullback2024	-9.36%Aug 2024	19d	1mo 20d	2mo 9dJul 2024 - Sep 2024
2023 pullback2023	-7.90%Mar 2023	1mo 17d	3mo	4mo 17dJan 2023 - Jun 2023
2023 pullback2023	-7.55%Oct 2023	2mo 27d	24d	3mo 21dAug 2023 - Nov 2023

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 8 assets, with an effective number of assets of 6.90, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	All Time
Diversification Ratio	1.45	1.30	1.26

The portfolio has a diversification ratio of 1.26, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Aggressive: Energy Value Momentum + Gold Miner Hedge correlation to the S&P 500 Index

Aggressive: Energy Value Momentum + Gold Miner Hedge has a 0.78 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021	0.84

Benchmark Correlations

Correlation vs. S&P 500 Index. AVLV has the highest benchmark correlation at 0.86, while GDXJ has the lowest at 0.30.

0.30

0.31

0.54

0.70

0.80

0.81

0.86

0.86

Portfolio Correlations

Correlation vs. Aggressive: Energy Value Momentum + Gold Miner Hedge. AVLV has the highest portfolio correlation at 0.91, while GDXJ has the lowest at 0.47.

0.47

0.63

0.73

0.78

0.79

0.84

0.84

0.91

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	GDXJ	VDE	SMH	PPA	GNR	SPMO	VTV	AVLV
GDXJ	1.00	0.23	0.26	0.31	0.57	0.27	0.32	0.31
VDE	0.23	1.00	0.20	0.38	0.72	0.36	0.51	0.56
SMH	0.26	0.20	1.00	0.50	0.43	0.74	0.53	0.67
PPA	0.31	0.38	0.50	1.00	0.51	0.66	0.73	0.72
GNR	0.57	0.72	0.43	0.51	1.00	0.51	0.67	0.71
SPMO	0.27	0.36	0.74	0.66	0.51	1.00	0.71	0.78
VTV	0.32	0.51	0.53	0.73	0.67	0.71	1.00	0.91
AVLV	0.31	0.56	0.67	0.72	0.71	0.78	0.91	1.00

The correlation results are calculated based on daily price changes starting from Sep 24, 2021

Diversification Analysis

Find what Aggressive: Energy Value Momentum + Gold Miner Hedge is missing

See which holdings overlap, where Aggressive: Energy Value Momentum + Gold Miner Hedge is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification