Test 2

Asset Allocation

Position	Category/Sector	Target Weight
BRK-B Berkshire Hathaway Inc.	Financial Services	0.73%
GIB-A.TO CGI Inc	Technology	0%
IWM iShares Russell 2000 ETF	Small Cap Blend Equities	16.91%
NA.TO National Bank of Canada	Financial Services	0%
SMCI Super Micro Computer, Inc.	Technology	0.06%
SPMO Invesco S&P 500 Momentum ETF	S&P 500	54.85%
SPY State Street SPDR S&P 500 ETF	S&P 500	26.79%
XHB SPDR S&P Homebuilders ETF	Building & Construction	0.67%

Benchmark Against

Benchmark

S&P 500 Index

Transactions

Date	Type	Symbol	Quantity	Price
Jan 6, 2025	Buy	National Bank of Canada	58	CA$133.00
Jan 6, 2025	Buy	CGI Inc	14	CA$156.00
Jan 6, 2025	Buy	SPDR S&P Homebuilders ETF	120	$105.00
Jan 6, 2025	Buy	iShares Russell 2000 ETF	1188	$225.00
Jan 6, 2025	Buy	Berkshire Hathaway Inc.	27	$452.00
Jan 6, 2025	Buy	Super Micro Computer, Inc.	43	$38.00
Jan 6, 2025	Buy	State Street SPDR S&P 500 ETF	721	$598.00
Jan 6, 2025	Buy	Invesco S&P 500 Momentum ETF	8439	$98.00

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in Test 2, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

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Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.48%	-1.70%	-2.42%	-2.28%	13.57%	18.26%	12.69%	12.98%
Portfolio Test 2	40.09%	105,965.87%	44,263,657,158.68%	—	—	—	—	—
Portfolio components:
NA.TO National Bank of Canada	0.38%	-2.44%	7.94%	25.70%	56.95%	28.88%	21.36%	20.58%
GIB-A.TO CGI Inc	2.68%	2.81%	-18.62%	-17.97%	-29.15%	-7.54%	-0.36%	5.13%
XHB SPDR S&P Homebuilders ETF	-0.63%	-10.15%	-3.05%	-12.01%	-2.15%	15.32%	9.64%	12.95%
IWM iShares Russell 2000 ETF	0.00%	-2.04%	2.85%	2.27%	21.53%	14.44%	5.61%	10.58%
BRK-B Berkshire Hathaway Inc.	0.13%	0.94%	-3.63%	-4.04%	-13.15%	16.82%	15.46%	13.49%
SMCI Super Micro Computer, Inc.	3.53%	-22.96%	-19.50%	-55.91%	-35.26%	28.76%	45.45%	21.93%
SPY State Street SPDR S&P 500 ETF	0.00%	-1.90%	-2.43%	-2.04%	14.63%	19.67%	14.17%	14.78%
SPMO Invesco S&P 500 Momentum ETF	0.58%	-1.76%	-2.14%	-4.79%	20.30%	29.91%	20.19%	18.16%

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

Monthly Returns

Based on dividend-adjusted daily data since Jan 6, 2025, Test 2's average daily return is +38.35%, while the average monthly return is +93,804.23%. At this rate, your investment would double in approximately 0.0 years.

Historically, 100% of months were positive and 0% were negative. The best month was Oct 2025 with a return of +229,738.7%, while the worst month was Apr 2026 at 96.6%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 0 months.

On a daily basis, Test 2 closed higher 98% of trading days. The best single day was Apr 9, 2025 with a return of +53.5%, while the worst single day was May 26, 2025 at 0.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	60,589.44%	36,753.99%	100,563.01%	96.60%									44,263,657,158.68%
2025	71,360.42%	86,492.00%	182,154.62%	108,394.44%	104,005.03%	54,576.21%	104,252.83%	87,288.84%	95,530.18%	229,738.72%	63,740.51%	115,330.89%	102,900,000,000,000,000,000,000,000,000,000,000,000.00%

Benchmark Metrics

Test 2 has an annualized alpha of 151269116721000507111660106761294053376.00%, beta of 1.45, and R² of 0.29 versus S&P 500 Index. Calculated based on daily prices since January 06, 2025.

This portfolio captured 23591783072213638502375469738885120.00% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -97419686593636935196227279141686214656.00%) — a profile typical of hedging or uncorrelated assets.
R² of 0.29 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha: 151,269,116,721,000,500,000,000,000,000,000,000,000.00%

Beta: 1.45

R²: 0.29

Upside Capture: 23,591,783,072,213,640,000,000,000,000,000,000.00%

Downside Capture: -97,419,686,593,636,940,000,000,000,000,000,000,000.00%

Expense Ratio

Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

XHB

SPDR S&P Homebuilders ETF

IWM

iShares Russell 2000 ETF

SPMO

Invesco S&P 500 Momentum ETF

SPY

State Street SPDR S&P 500 ETF

Return for Risk

Return / Risk — by metrics

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
NA.TO National Bank of Canada	96	3.15	4.25	1.64	4.97	20.30
GIB-A.TO CGI Inc	6	-1.18	-1.58	0.79	-0.79	-1.57
XHB SPDR S&P Homebuilders ETF	10	-0.07	0.11	1.01	-0.05	-0.12
IWM iShares Russell 2000 ETF	49	0.94	1.40	1.18	1.69	5.40
BRK-B Berkshire Hathaway Inc.	13	-0.72	-0.87	0.88	-0.74	-1.16
SMCI Super Micro Computer, Inc.	22	-0.44	-0.18	0.98	-0.53	-1.06
SPY State Street SPDR S&P 500 ETF	40	0.78	1.19	1.19	1.25	4.62
SPMO Invesco S&P 500 Momentum ETF	48	0.91	1.37	1.20	1.63	4.86

Sharpe Ratio

There isn't enough data available to calculate the Sharpe ratio for Test 2. This metric is based on the past 12 months of trading data. Please check back later for updated information.

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Dividends

Dividend yield

Test 2 provided a 0.02% dividend yield over the last twelve months.

	TTM	2025
Portfolio	0.02%	0.03%

Monthly Dividends

The table below shows the monthly dividends paid by this portfolio.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	CA$0.00	CA$2.38	CA$111,200,000,000,000,000,000,000,000,000,000,000,000,000,000,000.00	CA$0.00									CA$111,200,000,000,000,000,000,000,000,000,000,000,000,000,000,000.00
2025	CA$0.00	CA$2.10	CA$511,720,645,816.28	CA$0.00	CA$2.10	CA$399,500,000,000,000,000,000.00	CA$0.00	CA$2.10	CA$201,200,000,000,000,000,000,000,000,000.00	CA$0.00	CA$2.38	CA$511,600,000,000,000,000,000,000,000,000,000,000,000.00	CA$511,600,000,000,000,000,000,000,000,000,000,000,000.00

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 Test 2. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The portfolio has not yet recovered.

Depth	Start	To Bottom	Bottom	To Recover	End	Total

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 2.49, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.

Asset Correlations Table

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

	Benchmark	GIB-A.TO	BRK-B	SMCI	NA.TO	XHB	SPMO	IWM	SPY	Portfolio
Benchmark	1.00	0.31	0.33	0.51	0.41	0.53	0.90	0.81	1.00	0.45
GIB-A.TO	0.31	1.00	0.30	0.06	0.30	0.33	0.19	0.35	0.31	0.18
BRK-B	0.33	0.30	1.00	-0.05	0.18	0.40	0.21	0.34	0.33	0.23
SMCI	0.51	0.06	-0.05	1.00	0.15	0.17	0.55	0.48	0.51	0.27
NA.TO	0.41	0.30	0.18	0.15	1.00	0.37	0.38	0.41	0.40	0.14
XHB	0.53	0.33	0.40	0.17	0.37	1.00	0.37	0.67	0.52	0.23
SPMO	0.90	0.19	0.21	0.55	0.38	0.37	1.00	0.72	0.90	0.45
IWM	0.81	0.35	0.34	0.48	0.41	0.67	0.72	1.00	0.81	0.37
SPY	1.00	0.31	0.33	0.51	0.40	0.52	0.90	0.81	1.00	0.44
Portfolio	0.45	0.18	0.23	0.27	0.14	0.23	0.45	0.37	0.44	1.00

The correlation results are calculated based on daily price changes starting from Jan 6, 2025