4-ETF Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
SCHX Schwab U.S. Large-Cap ETF	Large Cap Blend Equities	25%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	25%
CALF Pacer US Small Cap Cash Cows 100 ETF	Small Cap Blend Equities	25%
COWZ Pacer US Cash Cows 100 ETF	Mid Cap Value Equities, Dividend	25%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 4-ETF Portfolio, 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

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	-0.93%	8.56%	8.85%	24.33%	19.37%	11.84%	13.61%
Portfolio 4-ETF Portfolio	0.65%	2.94%	12.91%	11.93%	25.93%	14.95%	9.16%	—
Portfolio components:
CALF Pacer US Small Cap Cash Cows 100 ETF	0.46%	7.83%	14.10%	11.90%	30.59%	9.56%	3.80%	—
COWZ Pacer US Cash Cows 100 ETF	0.82%	1.75%	6.93%	6.01%	19.20%	13.01%	10.13%	—
SCHD Schwab U.S. Dividend Equity ETF	0.89%	3.21%	20.66%	19.57%	26.72%	14.90%	8.75%	12.91%
SCHX Schwab U.S. Large-Cap ETF	0.48%	-0.68%	8.86%	9.10%	25.11%	20.84%	12.76%	15.35%

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

Monthly Returns

Based on dividend-adjusted daily data since Jun 19, 2017, 4-ETF Portfolio's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.7%, while the worst month was Mar 2020 at -15.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, 4-ETF Portfolio closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.3%, while the worst single day was Mar 16, 2020 at -10.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.93%	3.02%	-3.29%	5.86%	3.33%	-0.30%							12.91%
2025	1.96%	-2.67%	-3.92%	-4.65%	4.74%	3.63%	1.11%	4.89%	0.74%	0.07%	2.23%	0.63%	8.55%
2024	-0.21%	3.61%	4.44%	-5.23%	2.72%	-1.25%	6.35%	-0.14%	1.06%	-1.73%	6.46%	-5.91%	9.67%
2023	6.68%	-2.68%	-0.45%	-0.67%	-2.43%	7.96%	5.58%	-1.57%	-3.29%	-3.64%	7.45%	6.72%	20.09%
2022	-3.40%	-0.21%	1.90%	-5.47%	2.34%	-10.53%	8.35%	-3.17%	-9.16%	11.91%	5.96%	-5.90%	-9.59%
2021	2.89%	5.78%	8.71%	3.19%	2.62%	0.91%	0.45%	2.46%	-3.53%	3.91%	-1.13%	4.96%	35.36%

Benchmark Metrics

4-ETF Portfolio has an annualized alpha of 0.57%, beta of 0.95, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since June 19, 2017.

With beta of 0.95 and R2 of 0.84, 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: 0.57%

Beta: 0.95

R²: 0.84

Upside Capture: 96.79%

Downside Capture: 97.98%

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

Expense Ratio

4-ETF Portfolio has an expense ratio of 0.29%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

CALF

Pacer US Small Cap Cash Cows 100 ETF

COWZ

Pacer US Cash Cows 100 ETF

SCHD

Schwab U.S. Dividend Equity ETF

SCHX

Schwab U.S. Large-Cap ETF

Return for Risk

Risk / Return Rank

4-ETF Portfolio ranks 78 for risk / return — better than 78% of Portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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 4-ETF Portfolio 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	2.26	1.86	+0.40
Sortino ratioReturn per unit of downside risk	3.25	2.53	+0.71
Omega ratioGain probability vs. loss probability	1.42	1.34	+0.08
Calmar ratioReturn relative to maximum drawdown	4.84	2.53	+2.30
Martin ratioReturn relative to average drawdown	16.58	11.37	+5.21

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
CALF Pacer US Small Cap Cash Cows 100 ETF	71	1.84	2.69	1.33	4.77	13.43
COWZ Pacer US Cash Cows 100 ETF	60	1.63	2.42	1.29	3.65	9.73
SCHD Schwab U.S. Dividend Equity ETF	86	2.41	3.72	1.43	5.70	13.97
SCHX Schwab U.S. Large-Cap ETF	64	1.91	2.58	1.34	2.63	11.65

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.

The current 4-ETF Portfolio Sharpe ratio is 2.26 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 1.54 to 2.41, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of 4-ETF Portfolio 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

4-ETF Portfolio provided a 1.84% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.84%	2.13%	1.94%	2.00%	1.96%	2.03%	2.04%	1.94%	2.04%	1.74%	1.24%	1.25%
Portfolio components:
CALF Pacer US Small Cap Cash Cows 100 ETF	1.20%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%	0.00%	0.00%
COWZ Pacer US Cash Cows 100 ETF	1.93%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%	0.00%
SCHD Schwab U.S. Dividend Equity ETF	3.22%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SCHX Schwab U.S. Large-Cap ETF	1.02%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%

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 4-ETF Portfolio. 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 4-ETF Portfolio was 37.12%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.

The current 4-ETF Portfolio drawdown is 0.93%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-37.12%Mar 2020	2mo 2d	5mo 13d	7mo 15dJan 2020 - Sep 2020
2025 selloff2025	-22.31%Apr 2025	4mo 13d	7mo 7d	11mo 20dNov 2024 - Nov 2025
Rate-hike selloffLate 2018	-20.91%Dec 2018	3mo 1d	10mo 8d	1y 1moSep 2018 - Oct 2019
Bear market2022	-20.30%Sep 2022	8mo 24d	10mo 1d	1y 6moJan 2022 - Jul 2023
2023 pullback2023	-9.63%Oct 2023	2mo 27d	1mo 5d	4mo 2dAug 2023 - Dec 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 4 assets, with an effective number of assets of 4.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.14	1.09	1.07	1.06

The portfolio has a diversification ratio of 1.06, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

4-ETF Portfolio correlation to the S&P 500 Index

4-ETF Portfolio has a 0.72 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 19, 2017	0.85

Benchmark Correlations

Correlation vs. S&P 500 Index. SCHX has the highest benchmark correlation at 1.00, while CALF has the lowest at 0.68.

0.68

0.76

0.76

1.00

Portfolio Correlations

Correlation vs. 4-ETF Portfolio. COWZ has the highest portfolio correlation at 0.95, while SCHX has the lowest at 0.86.

0.86

0.89

0.92

0.95

Asset Correlations Table

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

	CALF	SCHD	SCHX	COWZ
CALF	1.00	0.73	0.70	0.85
SCHD	0.73	1.00	0.76	0.86
SCHX	0.70	0.76	1.00	0.76
COWZ	0.85	0.86	0.76	1.00

The correlation results are calculated based on daily price changes starting from Jun 19, 2017

Diversification Analysis

Find what 4-ETF Portfolio is missing

See which holdings overlap, where 4-ETF Portfolio is concentrated, and which low-correlation assets could fill the gaps.

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