Valley Forge

Asset Allocation

Position	Category/Sector	Target Weight
FICO Fair Isaac Corporation	Technology	27%
SPGI S&P Global Inc.	Financial Services	21%
MA Mastercard Incorporated	Financial Services	20%
MCO Moody's Corporation	Financial Services	15%
V Visa Inc.	Financial Services	7.50%
INTU Intuit Inc.	Technology	4.50%
ASML ASML Holding N.V.	Technology	3%
EFX Equifax Inc.	Industrials	1%
MSCI MSCI Inc.	Financial Services	1%

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 Valley Forge, 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 3 months.

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Returns By Period

As of Jun 13, 2026, the Valley Forge returned -18.18% Year-To-Date and 21.05% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	0.31%	8.56%	8.85%	24.33%	19.37%	11.84%	13.61%
Portfolio Valley Forge	0.48%	3.03%	-18.18%	-18.98%	-16.55%	11.06%	9.95%	21.05%
Portfolio components:
ASML ASML Holding N.V.	-1.89%	24.09%	74.80%	73.02%	146.81%	37.59%	22.97%	36.00%
EFX Equifax Inc.	2.59%	3.73%	-24.09%	-25.41%	-37.40%	-10.36%	-5.94%	3.93%
FICO Fair Isaac Corporation	-0.52%	7.34%	-30.25%	-36.09%	-33.92%	13.73%	18.49%	26.62%
INTU Intuit Inc.	-0.07%	-29.59%	-58.02%	-58.55%	-63.00%	-14.21%	-9.53%	10.90%
MA Mastercard Incorporated	0.71%	-0.85%	-13.89%	-14.05%	-12.30%	10.32%	6.66%	18.64%
MCO Moody's Corporation	1.36%	4.42%	-11.93%	-7.54%	-4.30%	10.65%	6.32%	17.53%
MSCI MSCI Inc.	0.81%	6.66%	5.22%	9.54%	11.93%	9.01%	5.72%	24.54%
SPGI S&P Global Inc.	1.35%	4.15%	-19.47%	-16.00%	-15.77%	3.19%	2.16%	15.70%
V Visa Inc.	1.05%	-1.03%	-7.69%	-6.93%	-7.91%	13.87%	7.33%	15.98%

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

Monthly Returns

Based on dividend-adjusted daily data since Mar 19, 2008, Valley Forge's average daily return is +0.09%, while the average monthly return is +1.84%. At this rate, an investment would double in approximately 3.2 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2009 with a return of +19.9%, while the worst month was Oct 2008 at -20.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Valley Forge closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +16.0%, while the worst single day was Mar 16, 2020 at -14.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-5.06%	-7.10%	-9.82%	0.84%	4.55%	-2.42%							-18.18%
2025	2.07%	2.02%	-4.33%	1.48%	0.71%	2.20%	-4.85%	1.83%	-4.24%	2.52%	3.01%	0.93%	2.91%
2024	3.26%	2.31%	0.10%	-6.17%	5.33%	6.38%	6.23%	5.74%	3.24%	-1.52%	11.12%	-6.90%	31.36%
2023	11.38%	-4.49%	3.55%	3.28%	1.72%	6.69%	1.46%	2.67%	-5.27%	-3.05%	18.76%	5.98%	48.69%
2022	-0.08%	-6.49%	2.17%	-9.28%	-0.17%	-6.85%	13.52%	-6.23%	-11.44%	12.20%	15.09%	-4.38%	-6.25%
2021	-8.46%	5.44%	4.85%	8.79%	-1.78%	4.07%	5.12%	-4.15%	-6.15%	4.68%	-5.90%	9.71%	15.01%

Benchmark Metrics

Valley Forge has an annualized alpha of 10.43%, beta of 1.15, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since March 19, 2008.

This portfolio captured 140.74% of S&P 500 Index gains but only 91.76% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 10.43% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 10.43%

Beta: 1.15

R²: 0.73

Upside Capture: 140.74%

Downside Capture: 91.76%

See how alpha, beta & R² have trended over time →

Expense Ratio

Valley Forge has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Valley Forge ranks 1 for risk / return — in the bottom 1% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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 Valley Forge and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	-0.78	1.86	-2.65
Sortino ratioReturn per unit of downside risk	-0.97	2.53	-3.51
Omega ratioGain probability vs. loss probability	0.88	1.34	-0.46
Calmar ratioReturn relative to maximum drawdown	-0.70	2.53	-3.24
Martin ratioReturn relative to average drawdown	-1.47	11.37	-12.84

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
ASML ASML Holding N.V.	95	3.27	3.70	1.45	7.83	21.08
EFX Equifax Inc.	5	-1.08	-1.47	0.81	-0.95	-1.71
FICO Fair Isaac Corporation	16	-0.67	-0.76	0.90	-0.65	-1.24
INTU Intuit Inc.	2	-1.44	-2.42	0.68	-0.97	-1.88
MA Mastercard Incorporated	11	-0.74	-0.91	0.89	-0.79	-1.59
MCO Moody's Corporation	31	-0.23	-0.14	0.98	-0.26	-0.56
MSCI MSCI Inc.	52	0.33	0.65	1.09	0.52	1.37
SPGI S&P Global Inc.	19	-0.60	-0.63	0.91	-0.54	-1.03
V Visa Inc.	14	-0.56	-0.68	0.92	-0.73	-1.57

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. Learn how to interpret the Sharpe ratio.

The current Valley Forge Sharpe ratio is -0.78 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Valley Forge 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

Valley Forge provided a 0.63% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.63%	0.50%	0.49%	0.52%	0.65%	0.42%	0.47%	0.53%	0.69%	0.61%	0.84%	0.78%
Portfolio components:
ASML ASML Holding N.V.	0.47%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
EFX Equifax Inc.	1.29%	0.87%	0.61%	0.63%	0.80%	0.53%	0.81%	1.11%	1.68%	1.32%	1.12%	1.04%
FICO Fair Isaac Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.07%	0.08%
INTU Intuit Inc.	1.68%	0.65%	0.60%	0.52%	0.72%	0.38%	0.57%	0.74%	0.83%	0.89%	1.08%	1.09%
MA Mastercard Incorporated	0.67%	0.53%	0.50%	0.53%	0.56%	0.49%	0.45%	0.44%	0.53%	0.58%	0.74%	0.66%
MCO Moody's Corporation	0.88%	0.74%	0.72%	0.79%	1.26%	0.63%	0.77%	0.84%	1.26%	1.03%	1.57%	1.36%
MSCI MSCI Inc.	1.29%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%
SPGI S&P Global Inc.	0.92%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%
V Visa Inc.	0.81%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

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 Valley Forge. 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 Valley Forge was 54.38%, occurring on Nov 20, 2008. Recovery took 333 trading sessions.

The current Valley Forge drawdown is 22.91%.

Related event	Drawdown	Fall	Recovery	Underwater
Financial crisis2007–2009	-54.38%Nov 2008	5mo 17d	1y 4mo	1y 9moJun 2008 - Mar 2010
COVID crash2020	-40.90%Mar 2020	1mo 2d	3mo 17d	4mo 19dFeb 2020 - Jul 2020
Bear market2022	-29.07%Oct 2022	1y 2mo	3mo 19d	1y 6moJul 2021 - Jan 2023
2026 bear market2026	-28.74%Apr 2026	10mo 25d	—	1y 26dMay 2025 - now
Rate-hike selloffLate 2018	-24.83%Dec 2018	3mo 8d	2mo	5mo 8dSep 2018 - Feb 2019

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 9 assets, with an effective number of assets of 5.31, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest. Rebalancing toward more even weights — or adding less correlated assets — could reduce risk.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.40	1.35	1.28	1.22	1.25

The portfolio has a diversification ratio of 1.25, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Valley Forge correlation to the S&P 500 Index

Valley Forge has a 0.38 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	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.75
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	0.79

Benchmark Correlations

Correlation vs. S&P 500 Index. MCO has the highest benchmark correlation at 0.68, while FICO has the lowest at 0.60.

FICO

0.60

MSCI

0.61

0.63

0.64

0.65

0.66

0.66

0.68

Portfolio Correlations

Correlation vs. Valley Forge. FICO has the highest portfolio correlation at 0.81, while ASML has the lowest at 0.56.

0.56

0.65

0.66

0.67

0.71

0.76

SPGI

0.80

MCO

0.81

FICO

0.81

Asset Correlations Table

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

	ASML	MSCI	EFX	FICO	INTU	V	MA	SPGI	MCO
ASML	1.00	0.44	0.44	0.44	0.48	0.43	0.43	0.43	0.45
MSCI	0.44	1.00	0.50	0.50	0.52	0.48	0.50	0.58	0.59
EFX	0.44	0.50	1.00	0.54	0.51	0.48	0.49	0.57	0.58
FICO	0.44	0.50	0.54	1.00	0.53	0.46	0.48	0.50	0.54
INTU	0.48	0.52	0.51	0.53	1.00	0.49	0.53	0.54	0.55
V	0.43	0.48	0.48	0.46	0.49	1.00	0.80	0.53	0.54
MA	0.43	0.50	0.49	0.48	0.53	0.80	1.00	0.53	0.56
SPGI	0.43	0.58	0.57	0.50	0.54	0.53	0.53	1.00	0.76
MCO	0.45	0.59	0.58	0.54	0.55	0.54	0.56	0.76	1.00

The correlation results are calculated based on daily price changes starting from Mar 19, 2008

Diversification Analysis

Find what Valley Forge is missing

See which holdings overlap, where Valley Forge is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification