CG+Avantis3IIIg

Asset Allocation

Position	Category/Sector	Target Weight
AVDE Avantis International Equity ETF	Foreign Large Cap Equities	10%
AVEM Avantis Emerging Markets Equity ETF	Foreign Large Cap Equities	14%
CCO.TO Cameco Corporation	Energy	8%
CNQ.TO Canadian Natural Resources Limited	Energy	12%
FTS Fortis Inc	Utilities	2%
JAPN.TO CI WisdomTree Japan Equity Index ETF	Japan Equities	6%
PPL.TO Pembina Pipeline Corporation	Energy	8%
RY.TO Royal Bank of Canada	Financial Services	7%
SHLD Global X Defense Tech ETF	Technology Equities	3%
TECK-B.TO Teck Resources Limited	Basic Materials	3%
VDC Vanguard Consumer Staples ETF	Consumer Staples Equities	2%
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged)	Health & Biotech Equities	2%
ZGLD.TO BMO Gold Bullion ETF (CAD Units)	Gold	13%
ZSB.TO BMO Short-Term Bond Index ETF	Canadian Government Bonds	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in CG+Avantis3IIIg, 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 Mar 11, 2024, corresponding to the inception date of ZGLD.TO

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	2.30%	2.05%	0.05%	-0.44%	22.34%	19.28%	12.69%	13.46%
Portfolio CG+Avantis3IIIg	1.44%	2.22%	15.73%	19.32%	54.70%	—	—	—
Portfolio components:
ZGLD.TO BMO Gold Bullion ETF (CAD Units)	0.21%	-6.35%	10.59%	15.86%	53.41%	—	—	—
PPL.TO Pembina Pipeline Corporation	-0.21%	3.46%	19.77%	11.51%	29.39%	19.51%	19.62%	13.66%
CNQ.TO Canadian Natural Resources Limited	-6.02%	3.08%	39.17%	43.90%	87.71%	23.28%	33.65%	19.09%
RY.TO Royal Bank of Canada	1.87%	5.56%	0.83%	17.38%	56.60%	26.11%	19.20%	16.47%
CCO.TO Cameco Corporation	4.87%	1.76%	27.72%	33.66%	207.87%	68.42%	49.75%	27.26%
FTS Fortis Inc	-0.01%	1.13%	12.40%	14.96%	29.66%	14.66%	12.18%	11.54%
AVEM Avantis Emerging Markets Equity ETF	4.84%	5.30%	12.42%	13.46%	52.80%	22.22%	10.51%	—
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged)	1.88%	-1.84%	-2.36%	3.03%	14.82%	3.53%	4.90%	7.65%
VDC Vanguard Consumer Staples ETF	1.82%	0.02%	9.43%	7.82%	10.36%	8.87%	9.56%	8.64%
AVDE Avantis International Equity ETF	3.45%	5.49%	9.65%	12.61%	50.64%	20.67%	12.94%	—

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

Monthly Returns

Based on dividend-adjusted daily data since Mar 12, 2024, CG+Avantis3IIIg's average daily return is +0.11%, while the average monthly return is +2.17%. At this rate, your investment would double in approximately 2.7 years.

Historically, 77% of months were positive and 23% were negative. The best month was Jan 2026 with a return of +8.7%, while the worst month was Dec 2024 at -2.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 1 months.

On a daily basis, CG+Avantis3IIIg closed higher 61% of trading days. The best single day was Apr 9, 2025 with a return of +4.9%, while the worst single day was Apr 4, 2025 at -4.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	8.66%	6.34%	-2.14%	2.34%									15.73%
2025	2.19%	-0.84%	2.01%	-1.95%	5.27%	4.92%	1.04%	2.76%	6.89%	3.02%	0.69%	1.12%	30.32%
2024			3.09%	1.82%	4.29%	-1.74%	2.52%	-0.54%	2.93%	2.53%	1.73%	-2.48%	14.84%

Benchmark Metrics

CG+Avantis3IIIg has an annualized alpha of 20.30%, beta of 0.48, and R² of 0.40 versus S&P 500 Index. Calculated based on daily prices since March 12, 2024.

This portfolio captured 86.90% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -33.13%) — a profile typical of hedging or uncorrelated assets.
Beta of 0.48 may look defensive, but with R² of 0.40 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R² of 0.40 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: 20.30%

Beta: 0.48

R²: 0.40

Upside Capture: 86.90%

Downside Capture: -33.13%

Expense Ratio

CG+Avantis3IIIg has an expense ratio of 0.17%, 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.

XHC.TO

iShares Global Healthcare Index ETF (CAD-Hedged)

SHLD

Global X Defense Tech ETF

JAPN.TO

CI WisdomTree Japan Equity Index ETF

AVEM

Avantis Emerging Markets Equity ETF

ZGLD.TO

BMO Gold Bullion ETF (CAD Units)

AVDE

Avantis International Equity ETF

VDC

Vanguard Consumer Staples ETF

ZSB.TO

BMO Short-Term Bond Index ETF

Return for Risk

Risk / Return Rank

CG+Avantis3IIIg ranks 99 for risk / return — in the top 99% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	4.92	1.98	+2.95
Sortino ratio Return per unit of downside risk	6.50	2.95	+3.54
Omega ratio Gain probability vs. loss probability	2.05	1.43	+0.62
Calmar ratio Return relative to maximum drawdown	8.79	3.41	+5.38
Martin ratio Return relative to average drawdown	40.82	11.94	+28.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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
ZGLD.TO BMO Gold Bullion ETF (CAD Units)	56	2.09	2.55	1.39	3.00	10.10
PPL.TO Pembina Pipeline Corporation	70	1.57	2.06	1.29	1.81	3.83
CNQ.TO Canadian Natural Resources Limited	91	3.00	3.60	1.48	5.75	14.59
RY.TO Royal Bank of Canada	96	3.82	5.06	1.73	6.56	23.44
CCO.TO Cameco Corporation	95	3.98	4.26	1.53	8.00	20.97
FTS Fortis Inc	83	2.25	3.20	1.40	4.05	8.64
AVEM Avantis Emerging Markets Equity ETF	84	3.38	4.41	1.66	4.58	17.08
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged)	22	0.91	1.44	1.18	1.13	3.12
VDC Vanguard Consumer Staples ETF	16	0.79	1.26	1.14	0.87	2.05
AVDE Avantis International Equity ETF	86	3.58	5.02	1.71	4.23	18.90

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.

CG+Avantis3IIIg Sharpe ratios as of Apr 9, 2026 (values are recalculated daily):

1-Year: 4.92
All Time: 2.49

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 2.13 to 2.99, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of CG+Avantis3IIIg compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading graphics...

Dividends

Dividend yield

CG+Avantis3IIIg provided a 2.21% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.21%	2.47%	2.84%	2.77%	2.89%	2.64%	2.96%	1.75%	1.71%	1.38%	1.29%	1.53%
Portfolio components:
ZGLD.TO BMO Gold Bullion ETF (CAD Units)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PPL.TO Pembina Pipeline Corporation	4.59%	5.39%	7.09%	7.93%	6.97%	10.89%	13.89%	4.90%	5.53%	4.48%	4.53%	5.98%
CNQ.TO Canadian Natural Resources Limited	3.73%	5.06%	4.82%	4.26%	6.12%	3.66%	5.44%	3.50%	3.98%	2.40%	2.15%	3.02%
RY.TO Royal Bank of Canada	2.65%	2.58%	3.23%	3.99%	3.90%	3.22%	4.10%	3.96%	4.03%	3.39%	3.57%	4.15%
CCO.TO Cameco Corporation	0.15%	0.19%	0.22%	0.21%	0.39%	0.29%	0.47%	0.69%	0.52%	3.45%	2.85%	2.34%
FTS Fortis Inc	3.16%	3.42%	4.62%	4.50%	4.48%	3.40%	3.54%	3.31%	3.35%	4.43%	4.94%	0.00%
AVEM Avantis Emerging Markets Equity ETF	2.27%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%	0.00%	0.00%	0.00%	0.00%
XHC.TO iShares Global Healthcare Index ETF (CAD-Hedged)	1.92%	1.87%	4.42%	2.38%	0.84%	0.79%	0.96%	1.07%	1.68%	1.14%	1.63%	2.15%
VDC Vanguard Consumer Staples ETF	2.12%	2.26%	2.33%	2.65%	2.37%	2.14%	2.50%	2.44%	2.78%	2.52%	2.39%	2.55%
AVDE Avantis International Equity ETF	2.56%	2.66%	3.29%	3.01%	2.79%	2.46%	1.63%	0.29%	0.00%	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 CG+Avantis3IIIg. 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 CG+Avantis3IIIg was 11.22%, occurring on Apr 8, 2025. Recovery took 23 trading sessions.

The current CG+Avantis3IIIg drawdown is 0.66%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-11.22%	Mar 25, 2025	11	Apr 8, 2025	23	May 12, 2025	34
-6.33%	Mar 3, 2026	14	Mar 20, 2026	—	—	—
-6.06%	Jul 17, 2024	15	Aug 6, 2024	32	Sep 20, 2024	47
-4.06%	Oct 21, 2024	44	Dec 19, 2024	59	Mar 17, 2025	103
-3.09%	May 22, 2024	19	Jun 17, 2024	18	Jul 11, 2024	37

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading graphics...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 14 assets, with an effective number of assets of 10.50, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

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	ZSB.TO	FTS	ZGLD.TO	VDC	CNQ.TO	PPL.TO	SHLD	XHC.TO	JAPN.TO	CCO.TO	RY.TO	TECK-B.TO	AVEM	AVDE	Portfolio
Benchmark	1.00	0.06	-0.03	-0.02	0.28	0.11	0.10	0.43	0.42	0.41	0.40	0.46	0.34	0.60	0.63	0.51
ZSB.TO	0.06	1.00	0.25	0.11	0.15	-0.16	-0.01	-0.01	0.14	-0.02	-0.04	0.06	0.03	0.05	0.17	0.03
FTS	-0.03	0.25	1.00	0.06	0.38	-0.07	0.21	0.04	0.24	-0.00	-0.11	0.11	-0.08	-0.06	0.13	0.04
ZGLD.TO	-0.02	0.11	0.06	1.00	-0.03	0.12	0.08	0.13	0.06	0.07	0.18	-0.02	0.28	0.20	0.21	0.42
VDC	0.28	0.15	0.38	-0.03	1.00	-0.03	0.18	0.09	0.41	0.12	-0.05	0.19	0.01	0.07	0.26	0.09
CNQ.TO	0.11	-0.16	-0.07	0.12	-0.03	1.00	0.43	0.16	-0.01	0.10	0.18	0.09	0.27	0.17	0.15	0.52
PPL.TO	0.10	-0.01	0.21	0.08	0.18	0.43	1.00	0.18	0.11	0.11	0.16	0.22	0.18	0.12	0.18	0.44
SHLD	0.43	-0.01	0.04	0.13	0.09	0.16	0.18	1.00	0.21	0.27	0.33	0.32	0.18	0.32	0.42	0.43
XHC.TO	0.42	0.14	0.24	0.06	0.41	-0.01	0.11	0.21	1.00	0.25	0.07	0.38	0.21	0.28	0.50	0.26
JAPN.TO	0.41	-0.02	-0.00	0.07	0.12	0.10	0.11	0.27	0.25	1.00	0.32	0.36	0.33	0.40	0.55	0.48
CCO.TO	0.40	-0.04	-0.11	0.18	-0.05	0.18	0.16	0.33	0.07	0.32	1.00	0.31	0.44	0.40	0.38	0.71
RY.TO	0.46	0.06	0.11	-0.02	0.19	0.09	0.22	0.32	0.38	0.36	0.31	1.00	0.29	0.35	0.53	0.46
TECK-B.TO	0.34	0.03	-0.08	0.28	0.01	0.27	0.18	0.18	0.21	0.33	0.44	0.29	1.00	0.51	0.49	0.65
AVEM	0.60	0.05	-0.06	0.20	0.07	0.17	0.12	0.32	0.28	0.40	0.40	0.35	0.51	1.00	0.70	0.65
AVDE	0.63	0.17	0.13	0.21	0.26	0.15	0.18	0.42	0.50	0.55	0.38	0.53	0.49	0.70	1.00	0.67
Portfolio	0.51	0.03	0.04	0.42	0.09	0.52	0.44	0.43	0.26	0.48	0.71	0.46	0.65	0.65	0.67	1.00

The correlation results are calculated based on daily price changes starting from Mar 12, 2024

CG+Avantis3IIIg

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table