Conservative Portfolio - Morningstar Allocations

Asset Allocation

Position	Category/Sector	Target Weight
PONAX PIMCO Income Fund Class A	Multisector Bonds	25%
PTIAX Performance Trust Strategic Bond Fund	Intermediate Core-Plus Bond	25%
VOO Vanguard S&P 500 ETF	S&P 500	16.50%
BNDX Vanguard Total International Bond ETF	Global Bonds	11.50%
PFIIX PIMCO Low Duration Income Fund	Short-Term Bond	8.50%
SGOV iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	7.50%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	5%
AVEM Avantis Emerging Markets Equity ETF	Emerging Markets Equities	1%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Conservative Portfolio - Morningstar Allocations, 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	1.75%	-0.09%	8.02%	7.15%	22.78%	19.45%	11.73%	13.53%
Portfolio Conservative Portfolio - Morningstar Allocations	0.62%	0.39%	2.98%	3.18%	10.03%	9.21%	4.44%	—
Portfolio components:
AVEM Avantis Emerging Markets Equity ETF	4.59%	2.95%	24.56%	25.81%	45.40%	24.22%	9.57%	—
BNDX Vanguard Total International Bond ETF	0.58%	1.01%	0.85%	0.99%	1.99%	4.13%	0.29%	1.69%
PFIIX PIMCO Low Duration Income Fund	0.00%	0.28%	1.10%	1.56%	6.73%	7.37%	3.98%	4.78%
PONAX PIMCO Income Fund Class A	0.00%	0.23%	0.18%	0.83%	6.76%	7.14%	2.94%	4.22%
PTIAX Performance Trust Strategic Bond Fund	-0.10%	0.22%	0.50%	0.58%	5.33%	5.16%	0.82%	2.83%
SGOV iShares 0-3 Month Treasury Bond ETF	0.01%	0.29%	1.59%	1.80%	3.94%	4.70%	3.55%	—
VEA Vanguard FTSE Developed Markets ETF	3.63%	1.92%	14.35%	15.67%	30.39%	19.28%	9.43%	10.53%
VOO Vanguard S&P 500 ETF	1.68%	-0.06%	8.49%	7.67%	24.15%	20.99%	13.30%	15.41%

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

Monthly Returns

Based on dividend-adjusted daily data since May 28, 2020, Conservative Portfolio - Morningstar Allocations's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, an investment would double in approximately 11.6 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2023 with a return of +4.7%, while the worst month was Sep 2022 at -4.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Conservative Portfolio - Morningstar Allocations closed higher 57% of trading days. The best single day was Nov 10, 2022 with a return of +2.3%, while the worst single day was Jun 13, 2022 at -1.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	0.96%	1.32%	-2.86%	2.68%	1.69%	-0.76%							2.98%
2025	1.24%	1.15%	-1.04%	0.34%	1.29%	2.22%	0.37%	1.38%	1.50%	1.25%	0.50%	0.18%	10.84%
2024	0.47%	0.72%	1.61%	-1.97%	2.03%	1.11%	1.76%	1.27%	1.39%	-1.46%	2.04%	-1.38%	7.73%
2023	3.68%	-1.70%	1.70%	0.83%	-0.39%	1.77%	1.19%	-0.64%	-2.10%	-1.27%	4.69%	3.40%	11.45%
2022	-1.98%	-1.77%	-0.71%	-3.74%	0.16%	-3.61%	3.50%	-2.26%	-4.78%	1.50%	3.77%	-1.49%	-11.21%
2021	-0.02%	0.01%	0.76%	1.63%	0.60%	0.72%	0.89%	0.54%	-1.29%	1.10%	-0.29%	1.09%	5.86%

Benchmark Metrics

Conservative Portfolio - Morningstar Allocations has an annualized alpha of 1.89%, beta of 0.26, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since May 28, 2020.

This portfolio participated in 41.56% of S&P 500 Index downside but only 32.75% of its upside - more exposed to losses than it benefited from rallies.
Beta of 0.26 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 1.89%

Beta: 0.26

R²: 0.70

Upside Capture: 32.75%

Downside Capture: 41.56%

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

Expense Ratio

Conservative Portfolio - Morningstar Allocations has an expense ratio of 0.51%, 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.

PONAX

PIMCO Income Fund Class A

PTIAX

Performance Trust Strategic Bond Fund

PFIIX

PIMCO Low Duration Income Fund

AVEM

Avantis Emerging Markets Equity ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

BNDX

Vanguard Total International Bond ETF

VEA

Vanguard FTSE Developed Markets ETF

VOO

Vanguard S&P 500 ETF

Return for Risk

Risk / Return Rank

Conservative Portfolio - Morningstar Allocations ranks 66 for risk / return — better than 66% 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 Conservative Portfolio - Morningstar Allocations 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	2.16	1.85	+0.31
Sortino ratioReturn per unit of downside risk	3.10	2.52	+0.58
Omega ratioGain probability vs. loss probability	1.43	1.34	+0.09
Calmar ratioReturn relative to maximum drawdown	2.45	2.52	-0.06
Martin ratioReturn relative to average drawdown	11.00	11.31	-0.32

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
AVEM Avantis Emerging Markets Equity ETF	80	2.15	2.79	1.40	3.47	13.23
BNDX Vanguard Total International Bond ETF	20	0.58	0.84	1.10	0.68	1.90
PFIIX PIMCO Low Duration Income Fund	87	2.55	4.17	1.61	3.27	13.92
PONAX PIMCO Income Fund Class A	44	1.74	2.57	1.33	1.93	6.45
PTIAX Performance Trust Strategic Bond Fund	33	1.45	2.18	1.26	1.92	5.34
SGOV iShares 0-3 Month Treasury Bond ETF	100	20.22	274.98	195.05	397.15	4,450.29
VEA Vanguard FTSE Developed Markets ETF	67	1.84	2.54	1.34	2.63	10.08
VOO Vanguard S&P 500 ETF	73	1.98	2.68	1.36	2.73	12.33

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 Conservative Portfolio - Morningstar Allocations Sharpe ratio is 2.16 as of Jun 12, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.43 to 2.26, 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 Conservative Portfolio - Morningstar Allocations 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

Conservative Portfolio - Morningstar Allocations provided a 4.14% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.14%	4.22%	4.30%	4.20%	3.34%	2.74%	2.88%	3.64%	3.56%	3.57%	3.68%	4.22%
Portfolio components:
AVEM Avantis Emerging Markets Equity ETF	2.60%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%	0.00%	0.00%	0.00%	0.00%
BNDX Vanguard Total International Bond ETF	4.48%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
PFIIX PIMCO Low Duration Income Fund	5.29%	5.49%	5.37%	4.97%	5.35%	3.06%	3.44%	4.74%	3.22%	3.13%	3.75%	5.36%
PONAX PIMCO Income Fund Class A	5.46%	5.61%	5.86%	5.86%	4.66%	3.62%	4.48%	5.42%	5.24%	4.97%	5.13%	7.45%
PTIAX Performance Trust Strategic Bond Fund	4.78%	4.68%	4.44%	4.03%	3.96%	3.01%	3.86%	4.11%	4.47%	5.51%	5.49%	4.87%
SGOV iShares 0-3 Month Treasury Bond ETF	3.85%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.63%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%
VOO Vanguard S&P 500 ETF	1.05%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

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 Conservative Portfolio - Morningstar Allocations. 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 Conservative Portfolio - Morningstar Allocations was 15.02%, occurring on Oct 14, 2022. Recovery took 344 trading sessions.

The current Conservative Portfolio - Morningstar Allocations drawdown is 0.93%.

Related event	Drawdown	Fall	Recovery	Underwater
Bear market2022	-15.02%Oct 2022	11mo 8d	1y 4mo	2y 3moNov 2021 - Feb 2024
2025 selloff2025	-4.24%Apr 2025	1mo 6d	1mo 7d	2mo 13dMar 2025 - May 2025
2026 pullback2026	-4.11%Mar 2026	25d	21d	1mo 16dMar 2026 - Apr 2026
2025 pullback2025	-2.67%Jan 2025	1mo 5d	24d	1mo 29dDec 2024 - Feb 2025
2024 pullback2024	-2.33%Apr 2024	18d	26d	1mo 14dApr 2024 - May 2024

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 5.53, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest. Rebalancing toward more even weights — or adding less correlated assets — could reduce risk.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.24	1.33	1.31	1.32

The portfolio has a diversification ratio of 1.32, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Conservative Portfolio - Morningstar Allocations correlation to the S&P 500 Index

Conservative Portfolio - Morningstar Allocations has a 0.82 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 28, 2020	0.82

Benchmark Correlations

Correlation vs. S&P 500 Index. VOO has the highest benchmark correlation at 1.00, while SGOV has the lowest at -0.02.

-0.02

0.11

0.15

0.35

0.41

0.67

0.78

1.00

Portfolio Correlations

Correlation vs. Conservative Portfolio - Morningstar Allocations. VOO has the highest portfolio correlation at 0.82, while SGOV has the lowest at -0.00.

-0.00

0.53

0.55

0.67

0.71

0.75

0.80

0.82

Asset Correlations Table

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

	SGOV	BNDX	PTIAX	AVEM	PFIIX	VOO	PONAX	VEA
SGOV	1.00	0.00	0.00	-0.00	0.01	-0.02	0.01	-0.03
BNDX	0.00	1.00	0.79	0.14	0.43	0.16	0.59	0.20
PTIAX	0.00	0.79	1.00	0.11	0.53	0.11	0.72	0.18
AVEM	-0.00	0.14	0.11	1.00	0.40	0.67	0.37	0.81
PFIIX	0.01	0.43	0.53	0.40	1.00	0.41	0.86	0.47
VOO	-0.02	0.16	0.11	0.67	0.41	1.00	0.35	0.78
PONAX	0.01	0.59	0.72	0.37	0.86	0.35	1.00	0.45
VEA	-0.03	0.20	0.18	0.81	0.47	0.78	0.45	1.00

The correlation results are calculated based on daily price changes starting from May 28, 2020

Diversification Analysis

Find what Conservative Portfolio - Morningstar Allocations is missing

See which holdings overlap, where Conservative Portfolio - Morningstar Allocations is concentrated, and which low-correlation assets could fill the gaps.

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