Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
APLD Applied Digital Corporation | Financial Services | 10.27% |
ASTS AST SpaceMobile, Inc. | Communication Services | 61.80% |
NVTS Navitas Semiconductor Corporation | Technology | 5.53% |
OMEX Odyssey Marine Exploration, Inc. | Industrials | 11.44% |
RZLV Rezolve AI Ltd | Technology | 10.96% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Black King portfolio, 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 Aug 16, 2024, corresponding to the inception date of RZLV
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.80% | 4.83% | 2.59% | 5.27% | 30.14% | 19.29% | 10.91% | 12.94% |
Portfolio Black King portfolio | -1.17% | -1.10% | 14.96% | -21.14% | 340.68% | — | — | — |
| Portfolio components: | ||||||||
ASTS AST SpaceMobile, Inc. | -1.87% | -2.47% | 19.66% | -9.18% | 279.19% | 182.13% | 61.91% | — |
OMEX Odyssey Marine Exploration, Inc. | -5.13% | -26.97% | -43.37% | -70.24% | 162.78% | -28.37% | -29.56% | -9.70% |
RZLV Rezolve AI Ltd | 7.72% | 0.36% | 8.56% | -48.90% | 100.72% | — | — | — |
NVTS Navitas Semiconductor Corporation | 3.95% | -2.19% | 43.70% | -32.32% | 489.66% | 14.81% | 0.51% | — |
APLD Applied Digital Corporation | -2.10% | 11.19% | 25.65% | -18.41% | 795.64% | 105.79% | 51.90% | 77.23% |
Monthly Returns
Based on dividend-adjusted daily data since Aug 19, 2024, Black King portfolio's average daily return is +0.39%, while the average monthly return is +7.43%. At this rate, an investment would double in approximately 0.8 years.
Historically, 48% of months were positive and 52% were negative. The best month was Jun 2025 with a return of +72.1%, while the worst month was Nov 2025 at -27.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, Black King portfolio closed higher 53% of trading days. The best single day was Apr 24, 2025 with a return of +22.6%, while the worst single day was Sep 17, 2024 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 37.35% | -24.08% | -1.38% | 11.79% | 14.96% | ||||||||
| 2025 | -11.47% | 19.95% | -16.97% | 36.29% | -4.10% | 72.09% | 12.51% | 5.77% | 11.20% | 49.14% | -27.12% | 15.68% | 229.98% |
| 2024 | -6.91% | -7.10% | -14.20% | -0.07% | -2.44% | -27.65% |
Benchmark Metrics
Black King portfolio has an annualized alpha of 82.98%, beta of 2.45, and R² of 0.22 versus S&P 500 Index. Calculated based on daily prices since August 19, 2024.
- This portfolio captured 340.21% of S&P 500 Index gains but only 10.13% of its losses — a favorable profile for investors.
- R² of 0.22 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
- 82.98%
- Beta
- 2.45
- R²
- 0.22
- Upside Capture
- 340.21%
- Downside Capture
- 10.13%
Expense Ratio
Black King portfolio has an expense ratio of 0.00%, meaning no management fees are charged. 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
Black King portfolio 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 | 3.92 | 2.30 | +1.62 |
Sortino ratioReturn per unit of downside risk | 3.56 | 3.18 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.43 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 7.12 | 3.40 | +3.72 |
Martin ratioReturn relative to average drawdown | 17.31 | 15.35 | +1.96 |
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 | |
|---|---|---|---|---|---|---|
ASTS AST SpaceMobile, Inc. | 86 | 2.86 | 2.96 | 1.35 | 5.81 | 13.09 |
OMEX Odyssey Marine Exploration, Inc. | 71 | 0.84 | 2.88 | 1.33 | 2.56 | 4.90 |
RZLV Rezolve AI Ltd | 62 | 0.83 | 2.06 | 1.22 | 2.01 | 3.28 |
NVTS Navitas Semiconductor Corporation | 92 | 2.44 | 4.92 | 1.54 | 8.07 | 13.38 |
APLD Applied Digital Corporation | 96 | 6.75 | 4.93 | 1.57 | 9.59 | 21.94 |
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Dividends
Dividend yield
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 Black King portfolio. 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 Black King portfolio was 50.30%, occurring on Apr 8, 2025. Recovery took 42 trading sessions.
The current Black King portfolio drawdown is 25.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -50.3% | Aug 20, 2024 | 159 | Apr 8, 2025 | 42 | Jun 9, 2025 | 201 |
| -47.43% | Oct 16, 2025 | 26 | Nov 20, 2025 | 38 | Jan 16, 2026 | 64 |
| -40.1% | Jan 20, 2026 | 49 | Mar 30, 2026 | — | — | — |
| -16.46% | Jul 24, 2025 | 20 | Aug 20, 2025 | 17 | Sep 15, 2025 | 37 |
| -15.98% | Jun 25, 2025 | 10 | Jul 9, 2025 | 5 | Jul 16, 2025 | 15 |
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 5 assets, with an effective number of assets of 2.38, 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
| Benchmark | OMEX | RZLV | NVTS | APLD | ASTS | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.23 | 0.31 | 0.45 | 0.45 | 0.39 | 0.48 |
| OMEX | 0.23 | 1.00 | 0.23 | 0.22 | 0.27 | 0.25 | 0.45 |
| RZLV | 0.31 | 0.23 | 1.00 | 0.28 | 0.29 | 0.30 | 0.45 |
| NVTS | 0.45 | 0.22 | 0.28 | 1.00 | 0.43 | 0.48 | 0.57 |
| APLD | 0.45 | 0.27 | 0.29 | 0.43 | 1.00 | 0.42 | 0.60 |
| ASTS | 0.39 | 0.25 | 0.30 | 0.48 | 0.42 | 1.00 | 0.92 |
| Portfolio | 0.48 | 0.45 | 0.45 | 0.57 | 0.60 | 0.92 | 1.00 |