Equal weight
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | Large Cap Growth Equities | 33.33% |
VADDX Invesco Equally-Weighted S&P 500 Fund | Large Cap Blend Equities | 33.33% |
VYM Vanguard High Dividend Yield ETF | Dividend, Large Cap Value Equities | 33.33% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Equal weight, 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 Quarterly
The earliest data available for this chart is Nov 16, 2006, corresponding to the inception date of VYM
Returns By Period
As of Nov 13, 2024, the Equal weight returned 16.59% Year-To-Date and 11.49% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 25.45% | 2.91% | 14.05% | 35.64% | 14.13% | 11.39% |
| Equal weight | 16.59% | 1.77% | 10.01% | 30.38% | 13.21% | 11.49% |
| Portfolio components: | ||||||
VADDX Invesco Equally-Weighted S&P 500 Fund | 17.70% | 2.00% | 10.93% | 32.60% | 13.82% | 11.23% |
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 11.52% | 2.04% | 7.74% | 25.80% | 13.89% | 12.70% |
VYM Vanguard High Dividend Yield ETF | 20.51% | 1.26% | 11.20% | 32.54% | 11.17% | 10.08% |
Monthly Returns
The table below presents the monthly returns of Equal weight, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.20% | 3.54% | 3.62% | -4.68% | 2.88% | 0.56% | 2.99% | 2.05% | 1.55% | -1.13% | 16.59% | ||
| 2023 | 6.41% | -2.66% | 1.25% | -0.14% | -2.03% | 6.19% | 4.12% | -2.89% | -4.20% | -3.87% | 8.66% | 6.64% | 17.57% |
| 2022 | -4.65% | -1.76% | 2.72% | -7.09% | 1.23% | -8.44% | 7.97% | -3.51% | -8.78% | 9.33% | 6.76% | -4.95% | -12.63% |
| 2021 | -0.61% | 4.02% | 4.82% | 3.63% | 1.59% | 1.34% | 1.25% | 2.26% | -3.96% | 5.22% | -2.20% | 5.25% | 24.51% |
| 2020 | -1.44% | -8.04% | -14.03% | 12.02% | 6.10% | 1.73% | 4.39% | 4.57% | -2.72% | -1.47% | 13.45% | 6.57% | 19.18% |
| 2019 | 9.13% | 3.70% | 1.10% | 3.78% | -7.37% | 7.58% | 1.07% | -2.64% | 2.60% | 2.00% | 3.15% | 3.10% | 29.61% |
| 2018 | 5.31% | -4.01% | -1.80% | -0.11% | 1.86% | 0.57% | 3.50% | 1.76% | 0.06% | -6.76% | 3.14% | -9.05% | -6.36% |
| 2017 | 2.63% | 3.53% | 0.49% | 0.76% | 1.39% | 0.39% | 1.96% | -0.42% | 2.41% | 1.37% | 3.04% | 1.18% | 20.34% |
| 2016 | -5.58% | 0.63% | 6.86% | -0.11% | 2.27% | -0.08% | 4.51% | 0.26% | 0.33% | -1.83% | 4.09% | 1.39% | 12.90% |
| 2015 | -3.00% | 6.11% | -1.49% | 0.97% | 1.05% | -2.59% | 1.44% | -5.94% | -2.80% | 8.21% | 0.32% | -1.88% | -0.45% |
| 2014 | -2.88% | 5.42% | -0.05% | 0.21% | 2.52% | 2.82% | -1.53% | 4.22% | -1.62% | 2.83% | 3.55% | -0.58% | 15.54% |
| 2013 | 6.18% | 1.25% | 4.03% | 2.16% | 2.19% | -0.92% | 5.68% | -2.69% | 4.24% | 3.75% | 2.22% | 2.86% | 35.26% |
Expense Ratio
Equal weight features an expense ratio of 0.30%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Equal weight is 44, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
VADDX Invesco Equally-Weighted S&P 500 Fund | 2.22 | 3.18 | 1.46 | 2.72 | 11.86 |
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 1.74 | 2.44 | 1.30 | 2.03 | 8.57 |
VYM Vanguard High Dividend Yield ETF | 3.02 | 4.30 | 1.56 | 5.00 | 19.86 |
Dividends
Dividend yield
Equal weight provided a 1.63% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.63% | 1.84% | 1.70% | 1.47% | 1.74% | 1.78% | 1.94% | 1.62% | 1.63% | 1.83% | 1.67% | 1.51% |
| Portfolio components: | ||||||||||||
VADDX Invesco Equally-Weighted S&P 500 Fund | 1.45% | 1.70% | 1.44% | 1.40% | 1.69% | 1.84% | 1.87% | 1.58% | 1.24% | 1.66% | 1.19% | 1.27% |
QQEW First Trust Nasdaq-100 Equal Weighted Index Fund | 0.68% | 0.70% | 0.66% | 0.24% | 0.34% | 0.48% | 0.56% | 0.48% | 0.73% | 0.62% | 1.05% | 0.46% |
VYM Vanguard High Dividend Yield ETF | 2.76% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% | 2.78% | 2.81% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Equal weight. 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 Equal weight was 60.94%, occurring on Mar 9, 2009. Recovery took 888 trading sessions.
The current Equal weight drawdown is 0.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.94% | Oct 10, 2007 | 355 | Mar 9, 2009 | 888 | Sep 13, 2012 | 1243 |
| -34.72% | Feb 20, 2020 | 23 | Mar 23, 2020 | 114 | Sep 2, 2020 | 137 |
| -21.55% | Jan 5, 2022 | 186 | Sep 30, 2022 | 302 | Dec 13, 2023 | 488 |
| -18.49% | Sep 24, 2018 | 64 | Dec 24, 2018 | 66 | Apr 1, 2019 | 130 |
| -15.14% | May 22, 2015 | 183 | Feb 11, 2016 | 81 | Jun 8, 2016 | 264 |
Volatility
Volatility Chart
The current Equal weight volatility is 3.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| QQEW | VYM | VADDX | |
|---|---|---|---|
| QQEW | 1.00 | 0.77 | 0.87 |
| VYM | 0.77 | 1.00 | 0.93 |
| VADDX | 0.87 | 0.93 | 1.00 |