Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in BB2, 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.
Loading graphics...
The earliest data available for this chart is Jan 2, 2026, corresponding to the inception date of PNFP
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.44% | -1.90% | -3.41% | -1.91% | 30.31% | 17.22% | 10.14% | 12.44% |
Portfolio BB2 | 2.90% | 1.20% | — | — | — | — | — | — |
| Portfolio components: | ||||||||
AAT American Assets Trust, Inc. | -0.91% | -3.09% | -0.57% | -5.03% | 5.74% | 6.36% | -6.07% | -3.27% |
ACI Albertsons Companies, Inc. | 3.09% | 1.24% | 5.70% | 8.88% | -15.57% | -2.57% | 7.69% | — |
AIOT PowerFleet, Inc. | 4.55% | -5.01% | -39.47% | -40.59% | -24.59% | 1.71% | -16.26% | -4.51% |
AQN Algonquin Power & Utilities Corp | -0.64% | 2.89% | 1.72% | 9.19% | 33.46% | -5.29% | -12.82% | 2.21% |
ARCO Arcos Dorados Holdings Inc. | 0.00% | 6.08% | 14.76% | 26.40% | 19.28% | 8.38% | 12.63% | 11.09% |
ASC Ardmore Shipping Corporation | -0.06% | -1.32% | 49.47% | 36.40% | 84.66% | 8.82% | 34.39% | 8.95% |
ASLE AerSale Corporation | 2.11% | -2.48% | -11.39% | -23.54% | -7.22% | -28.14% | -13.00% | — |
BABA Alibaba Group Holding Limited | 0.21% | -6.48% | -16.56% | -34.67% | 6.72% | 7.82% | -10.59% | 5.21% |
BAYRY Bayer AG PK | 1.69% | 8.02% | 5.82% | 38.79% | 109.17% | -10.24% | -4.20% | -6.24% |
BBDC Barings BDC, Inc. | 0.60% | 2.31% | -5.41% | 4.35% | 10.31% | 15.87% | 7.04% | — |
Monthly Returns
Based on dividend-adjusted daily data since Jan 5, 2026, BB2's average daily return is -0.21%, while the average monthly return is -3.60%.
Historically, 50% of months were positive and 50% were negative. The best month was Apr 2026 with a return of +2.2%, while the worst month was Feb 2026 at -13.5%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 2 months.
On a daily basis, BB2 closed higher 48% of trading days. The best single day was Feb 6, 2026 with a return of +7.1%, while the worst single day was Feb 5, 2026 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.37% | -13.48% | 0.27% | 2.19% | -14.34% |
Benchmark Metrics
BB2 has an annualized alpha of -26.11%, beta of 1.73, and R² of 0.38 versus S&P 500 Index. Calculated based on daily prices since January 05, 2026.
- This portfolio participated in 187.26% of S&P 500 Index downside but only -46.30% of its upside — more exposed to losses than it benefited from rallies.
- R² of 0.38 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -26.11%
- Beta
- 1.73
- R²
- 0.38
- Upside Capture
- -46.30%
- Downside Capture
- 187.26%
Expense Ratio
BB2 has an expense ratio of 0.20%, 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.
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 | |
|---|---|---|---|---|---|---|
AAT American Assets Trust, Inc. | 38 | 0.23 | 0.49 | 1.06 | -0.21 | -0.42 |
ACI Albertsons Companies, Inc. | 18 | -0.52 | -0.63 | 0.93 | -0.61 | -1.01 |
AIOT PowerFleet, Inc. | 15 | -0.40 | -0.23 | 0.97 | -0.80 | -1.78 |
AQN Algonquin Power & Utilities Corp | 71 | 1.02 | 1.80 | 1.26 | 1.86 | 3.98 |
ARCO Arcos Dorados Holdings Inc. | 51 | 0.59 | 1.14 | 1.13 | 0.25 | 0.49 |
ASC Ardmore Shipping Corporation | 86 | 2.26 | 2.88 | 1.35 | 3.05 | 7.97 |
ASLE AerSale Corporation | 26 | -0.16 | 0.08 | 1.01 | -0.52 | -0.92 |
BABA Alibaba Group Holding Limited | 39 | 0.15 | 0.58 | 1.07 | -0.12 | -0.27 |
BAYRY Bayer AG PK | 90 | 2.74 | 3.29 | 1.43 | 3.69 | 10.87 |
BBDC Barings BDC, Inc. | 47 | 0.51 | 0.86 | 1.11 | 0.06 | 0.15 |
Loading graphics...
Dividends
Dividend yield
BB2 provided a 13.37% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 13.37% | 13.19% | 5.36% | 1.10% | 1.03% | 0.63% | 0.64% | 0.75% | 0.87% | 0.75% | 0.49% | 0.64% |
| Portfolio components: | ||||||||||||
AAT American Assets Trust, Inc. | 7.35% | 7.18% | 5.10% | 5.86% | 4.83% | 3.09% | 3.46% | 2.48% | 2.71% | 2.75% | 2.34% | 2.47% |
ACI Albertsons Companies, Inc. | 3.34% | 3.49% | 2.44% | 2.09% | 35.34% | 1.39% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AIOT PowerFleet, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AQN Algonquin Power & Utilities Corp | 4.20% | 4.23% | 7.80% | 6.87% | 10.94% | 4.62% | 3.68% | 3.90% | 4.99% | 4.18% | 4.88% | 4.77% |
ARCO Arcos Dorados Holdings Inc. | 2.99% | 3.27% | 3.30% | 1.50% | 1.79% | 0.00% | 2.17% | 1.36% | 1.27% | 0.00% | 0.00% | 0.00% |
ASC Ardmore Shipping Corporation | 1.97% | 2.83% | 8.89% | 8.16% | 0.00% | 0.00% | 1.53% | 0.00% | 0.00% | 0.00% | 5.41% | 4.80% |
ASLE AerSale Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BABA Alibaba Group Holding Limited | 1.64% | 1.36% | 1.96% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BAYRY Bayer AG PK | 0.27% | 0.29% | 0.60% | 6.85% | 4.27% | 4.48% | 3.61% | 2.71% | 5.69% | 4.20% | 2.65% | 2.03% |
BBDC Barings BDC, Inc. | 13.54% | 12.96% | 10.87% | 11.89% | 11.66% | 7.44% | 7.07% | 5.25% | 21.24% | 0.00% | 0.00% | 0.00% |
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.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the BB2. 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 BB2 was 24.06%, occurring on Feb 5, 2026. The portfolio has not yet recovered.
The current BB2 drawdown is 20.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.06% | Jan 15, 2026 | 15 | Feb 5, 2026 | — | — | — |
| -2.39% | Jan 6, 2026 | 4 | Jan 9, 2026 | 2 | Jan 13, 2026 | 6 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 87 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.