Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Test Portfolio 2 , 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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The earliest data available for this chart is Nov 7, 2006, corresponding to the inception date of RSPU
Returns By Period
As of Apr 4, 2026, the Test Portfolio 2 returned 6.55% Year-To-Date and 17.95% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio Test Portfolio 2 | -0.09% | -3.02% | 6.55% | 7.51% | 38.89% | 22.20% | 15.69% | 17.95% |
| Portfolio components: | ||||||||
XLV State Street Health Care Select Sector SPDR ETF | -0.62% | -6.14% | -4.77% | 2.22% | 4.40% | 5.64% | 6.45% | 9.60% |
RSPU Invesco S&P 500 Equal Weight Utilities ETF | 0.71% | -0.88% | 10.59% | 7.33% | 21.33% | 16.59% | 12.65% | 10.12% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 0.65% | 6.20% | 34.61% | 36.09% | 45.65% | 17.29% | 24.11% | 11.43% |
QLD ProShares Ultra QQQ | 0.18% | -8.79% | -11.07% | -9.48% | 53.35% | 36.81% | 15.87% | 29.84% |
PKB Invesco Dynamic Building & Construction ETF | -1.13% | -7.11% | 6.31% | 3.62% | 50.51% | 29.13% | 15.03% | 15.16% |
FSHOX Fidelity Select Construction & Housing Portfolio | -1.07% | -8.98% | -0.52% | -5.09% | 15.36% | 14.34% | 9.75% | 14.19% |
VO Vanguard Mid-Cap ETF | 0.33% | -3.97% | 0.29% | -1.02% | 18.13% | 13.03% | 6.87% | 10.86% |
SOXX iShares Semiconductor ETF | 0.32% | -0.50% | 12.84% | 21.56% | 100.62% | 33.13% | 19.27% | 28.54% |
Monthly Returns
Based on dividend-adjusted daily data since Nov 8, 2006, Test Portfolio 2 's average daily return is +0.06%, while the average monthly return is +1.21%. At this rate, your investment would double in approximately 4.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +18.9%, while the worst month was Oct 2008 at -20.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Test Portfolio 2 closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +11.9%, while the worst single day was Mar 16, 2020 at -15.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.77% | 5.25% | -5.08% | 0.84% | 6.55% | ||||||||
| 2025 | 3.35% | -1.82% | -4.87% | -2.08% | 6.17% | 6.01% | 2.57% | 3.36% | 4.23% | 2.71% | 1.08% | -1.76% | 19.88% |
| 2024 | -0.36% | 7.09% | 5.41% | -4.99% | 4.77% | 0.91% | 3.60% | 1.02% | 2.72% | -2.37% | 6.58% | -6.78% | 17.82% |
| 2023 | 8.32% | -2.78% | 4.36% | 0.71% | 0.15% | 9.33% | 4.86% | -2.51% | -5.78% | -3.94% | 10.50% | 8.09% | 33.94% |
| 2022 | -6.08% | -1.86% | 3.87% | -8.40% | 3.49% | -11.94% | 11.80% | -4.23% | -10.50% | 8.67% | 7.72% | -6.20% | -15.90% |
| 2021 | 1.48% | 4.89% | 5.40% | 4.56% | 1.08% | 2.50% | 1.32% | 2.94% | -4.27% | 8.05% | 1.05% | 5.31% | 39.56% |
Benchmark Metrics
Test Portfolio 2 has an annualized alpha of 4.15%, beta of 1.13, and R² of 0.93 versus S&P 500 Index. Calculated based on daily prices since November 08, 2006.
- This portfolio captured 136.38% of S&P 500 Index gains and 111.22% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 4.15% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- With beta of 1.13 and R² of 0.93, 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
- 4.15%
- Beta
- 1.13
- R²
- 0.93
- Upside Capture
- 136.38%
- Downside Capture
- 111.22%
Expense Ratio
Test Portfolio 2 has an expense ratio of 0.45%, 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.
Return for Risk
Risk / Return Rank
Test Portfolio 2 ranks 68 for risk / return — better than 68% 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.44 | 0.88 | +0.56 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.37 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 1.39 | +0.84 |
Martin ratioReturn relative to average drawdown | 10.66 | 6.43 | +4.23 |
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 | |
|---|---|---|---|---|---|---|
XLV State Street Health Care Select Sector SPDR ETF | 15 | 0.20 | 0.40 | 1.05 | 0.39 | 0.83 |
RSPU Invesco S&P 500 Equal Weight Utilities ETF | 64 | 1.31 | 1.77 | 1.24 | 2.47 | 6.11 |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 52 | 1.16 | 1.55 | 1.23 | 1.54 | 4.30 |
QLD ProShares Ultra QQQ | 45 | 0.83 | 1.42 | 1.20 | 1.55 | 4.97 |
PKB Invesco Dynamic Building & Construction ETF | 80 | 1.64 | 2.38 | 1.29 | 2.92 | 10.19 |
FSHOX Fidelity Select Construction & Housing Portfolio | 12 | 0.43 | 0.80 | 1.09 | 0.66 | 1.98 |
VO Vanguard Mid-Cap ETF | 35 | 0.71 | 1.10 | 1.16 | 1.06 | 4.79 |
SOXX iShares Semiconductor ETF | 91 | 2.01 | 2.62 | 1.37 | 4.46 | 16.48 |
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Dividends
Dividend yield
Test Portfolio 2 provided a 1.54% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.54% | 1.63% | 1.65% | 1.39% | 1.46% | 1.70% | 1.86% | 2.25% | 3.27% | 2.90% | 1.55% | 1.83% |
| Portfolio components: | ||||||||||||
XLV State Street Health Care Select Sector SPDR ETF | 1.71% | 1.60% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.57% | 1.47% | 1.60% | 1.43% |
RSPU Invesco S&P 500 Equal Weight Utilities ETF | 2.40% | 2.54% | 2.39% | 2.92% | 2.35% | 2.41% | 2.94% | 2.54% | 3.11% | 3.08% | 2.98% | 4.14% |
RSPG Invesco S&P 500 Equal Weight Energy ETF | 1.94% | 2.60% | 2.43% | 2.84% | 3.43% | 2.37% | 3.15% | 2.15% | 2.18% | 2.55% | 1.14% | 2.80% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
PKB Invesco Dynamic Building & Construction ETF | 0.15% | 0.14% | 0.23% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% |
FSHOX Fidelity Select Construction & Housing Portfolio | 3.93% | 3.91% | 4.05% | 0.82% | 0.80% | 5.45% | 4.73% | 7.91% | 15.47% | 13.62% | 3.61% | 3.26% |
VO Vanguard Mid-Cap ETF | 1.49% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
SOXX iShares Semiconductor ETF | 0.49% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
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 Portfolio 2 . 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 Test Portfolio 2 was 58.42%, occurring on Mar 9, 2009. Recovery took 536 trading sessions.
The current Test Portfolio 2 drawdown is 4.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.42% | Oct 11, 2007 | 354 | Mar 9, 2009 | 536 | Apr 21, 2011 | 890 |
| -42.75% | Feb 20, 2020 | 23 | Mar 23, 2020 | 97 | Aug 10, 2020 | 120 |
| -24.16% | Jan 5, 2022 | 196 | Oct 14, 2022 | 167 | Jun 15, 2023 | 363 |
| -23.82% | May 2, 2011 | 108 | Oct 3, 2011 | 85 | Feb 3, 2012 | 193 |
| -23.04% | Aug 30, 2018 | 80 | Dec 24, 2018 | 75 | Apr 12, 2019 | 155 |
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 8.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| Benchmark | RSPU | RSPG | XLV | SOXX | QLD | FSHOX | PKB | VO | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.47 | 0.55 | 0.73 | 0.77 | 0.89 | 0.80 | 0.79 | 0.93 | 0.94 |
| RSPU | 0.47 | 1.00 | 0.32 | 0.45 | 0.27 | 0.34 | 0.44 | 0.40 | 0.49 | 0.51 |
| RSPG | 0.55 | 0.32 | 1.00 | 0.36 | 0.43 | 0.41 | 0.47 | 0.52 | 0.61 | 0.65 |
| XLV | 0.73 | 0.45 | 0.36 | 1.00 | 0.50 | 0.63 | 0.59 | 0.56 | 0.69 | 0.70 |
| SOXX | 0.77 | 0.27 | 0.43 | 0.50 | 1.00 | 0.83 | 0.62 | 0.65 | 0.76 | 0.82 |
| QLD | 0.89 | 0.34 | 0.41 | 0.63 | 0.83 | 1.00 | 0.68 | 0.69 | 0.82 | 0.87 |
| FSHOX | 0.80 | 0.44 | 0.47 | 0.59 | 0.62 | 0.68 | 1.00 | 0.89 | 0.85 | 0.85 |
| PKB | 0.79 | 0.40 | 0.52 | 0.56 | 0.65 | 0.69 | 0.89 | 1.00 | 0.86 | 0.87 |
| VO | 0.93 | 0.49 | 0.61 | 0.69 | 0.76 | 0.82 | 0.85 | 0.86 | 1.00 | 0.96 |
| Portfolio | 0.94 | 0.51 | 0.65 | 0.70 | 0.82 | 0.87 | 0.85 | 0.87 | 0.96 | 1.00 |