Small & Mid Cap

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Small & Mid Cap

Currency in USD · Last updated May 27, 2025

Asset Allocation

Position	Category/Sector	Target Weight
FNDA Schwab Fundamental US Small Co. Index ETF	Small Cap Blend Equities	11.11%
KMKAX Kinetics Market Opportunities Fund	Mid Cap Growth Equities	11.11%
MXXIX Marsico Midcap Growth Focus Fund	Mid Cap Growth Equities	11.11%
VO Vanguard Mid-Cap ETF	Mid Cap Growth Equities	11.11%
VOT Vanguard Mid-Cap Growth ETF	Mid Cap Blend Equities	11.11%
XMHQ Invesco S&P MidCap Quality ETF	Mid Cap Blend Equities	11.11%
XMMO Invesco S&P MidCap Momentum ETF	Mid Cap Growth Equities	11.11%
XSHQ Invesco S&P SmallCap Quality ETF	Small Cap Growth Equities	11.11%
XSMO Invesco S&P SmallCap Momentum ETF	Small Cap Growth Equities	11.11%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Apr 6, 2017, corresponding to the inception date of XSHQ

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-1.34%	5.02%	-3.08%	9.39%	14.45%	10.68%
Small & Mid Cap	0.99%	5.48%	-9.14%	13.26%	16.66%	N/A
Portfolio components:
FNDA Schwab Fundamental US Small Co. Index ETF	-7.95%	4.20%	-15.23%	-0.86%	14.44%	7.41%
KMKAX Kinetics Market Opportunities Fund	13.01%	1.16%	-9.90%	70.18%	29.55%	18.87%
MXXIX Marsico Midcap Growth Focus Fund	7.86%	6.42%	1.70%	28.83%	14.66%	12.43%
VO Vanguard Mid-Cap ETF	1.35%	5.04%	-5.34%	10.22%	13.28%	9.21%
VOT Vanguard Mid-Cap Growth ETF	4.38%	7.43%	-1.85%	13.96%	12.02%	10.17%
XMHQ Invesco S&P MidCap Quality ETF	-1.93%	5.17%	-11.52%	-5.49%	16.51%	10.88%
XMMO Invesco S&P MidCap Momentum ETF	-0.19%	7.86%	-9.44%	6.29%	17.32%	15.07%
XSHQ Invesco S&P SmallCap Quality ETF	-6.32%	5.95%	-16.38%	-0.55%	12.39%	N/A
XSMO Invesco S&P SmallCap Momentum ETF	-1.29%	6.07%	-11.26%	6.84%	14.88%	10.69%

*Annualized

Monthly Returns

The table below presents the monthly returns of Small & Mid Cap, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	5.35%	-3.87%	-4.66%	-0.22%	4.83%								0.99%
2024	-0.52%	7.93%	4.86%	-5.10%	4.54%	-0.74%	7.19%	-0.23%	2.29%	1.43%	13.38%	-9.71%	25.94%
2023	6.13%	-2.00%	-1.63%	-2.21%	-1.91%	8.79%	4.41%	-0.62%	-4.01%	-4.13%	8.16%	7.88%	18.98%
2022	-8.80%	0.86%	1.28%	-7.67%	-0.31%	-9.21%	11.78%	-3.88%	-8.34%	11.54%	5.33%	-6.69%	-15.96%
2021	2.31%	6.57%	4.05%	2.07%	-0.80%	2.56%	0.02%	1.66%	-3.41%	6.30%	-2.39%	2.20%	22.69%
2020	-0.40%	-8.08%	-16.94%	13.63%	7.34%	2.07%	5.66%	3.41%	-2.91%	1.04%	14.18%	7.10%	24.08%
2019	10.73%	5.05%	0.34%	3.63%	-5.60%	6.46%	1.47%	-3.39%	1.12%	1.02%	2.83%	2.26%	28.02%
2018	3.79%	-2.40%	-0.26%	1.05%	4.62%	0.77%	1.84%	5.42%	-1.00%	-9.13%	0.37%	-9.37%	-5.43%
2017				3.03%	1.07%	1.52%	1.52%	0.75%	2.91%	1.47%	4.00%	1.47%	19.16%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Small & Mid Cap 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.

KMKAX

Kinetics Market Opportunities Fund

MXXIX

Marsico Midcap Growth Focus Fund

XSMO

Invesco S&P SmallCap Momentum ETF

XMMO

Invesco S&P MidCap Momentum ETF

XSHQ

Invesco S&P SmallCap Quality ETF

FNDA

Schwab Fundamental US Small Co. Index ETF

XMHQ

Invesco S&P MidCap Quality ETF

VOT

Vanguard Mid-Cap Growth ETF

Vanguard Mid-Cap ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Small & Mid Cap is 39, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
FNDA Schwab Fundamental US Small Co. Index ETF	0.00	0.01	1.00	-0.09	-0.26
KMKAX Kinetics Market Opportunities Fund	2.15	2.68	1.37	2.80	5.99
MXXIX Marsico Midcap Growth Focus Fund	1.22	1.66	1.22	1.46	5.10
VO Vanguard Mid-Cap ETF	0.61	0.83	1.11	0.49	1.77
VOT Vanguard Mid-Cap Growth ETF	0.68	0.99	1.14	0.63	2.21
XMHQ Invesco S&P MidCap Quality ETF	-0.20	-0.26	0.97	-0.27	-0.74
XMMO Invesco S&P MidCap Momentum ETF	0.32	0.54	1.07	0.26	0.76
XSHQ Invesco S&P SmallCap Quality ETF	0.02	0.09	1.01	-0.05	-0.14
XSMO Invesco S&P SmallCap Momentum ETF	0.33	0.57	1.07	0.27	0.75

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.

Small & Mid Cap Sharpe ratios as of May 27, 2025 (values are recalculated daily):

1-Year: 0.65
5-Year: 0.82
All Time: 0.65

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 0.49 to 1.03, 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 Small & Mid Cap compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

Small & Mid Cap provided a 1.84% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	1.84%	1.81%	1.02%	1.26%	2.34%	1.11%	1.18%	2.51%	0.69%	0.62%	0.66%	0.77%
Portfolio components:
FNDA Schwab Fundamental US Small Co. Index ETF	1.57%	1.53%	1.37%	1.38%	1.15%	1.31%	1.38%	1.67%	1.30%	1.19%	1.33%	1.06%
KMKAX Kinetics Market Opportunities Fund	0.58%	0.66%	0.69%	1.19%	1.29%	0.02%	0.07%	9.28%	0.51%	0.00%	0.00%	0.00%
MXXIX Marsico Midcap Growth Focus Fund	4.26%	4.59%	1.24%	0.00%	14.22%	2.83%	3.26%	5.37%	0.00%	0.00%	0.00%	0.00%
VO Vanguard Mid-Cap ETF	1.55%	1.49%	1.52%	1.60%	1.12%	1.45%	1.48%	1.82%	1.35%	1.45%	1.47%	1.29%
VOT Vanguard Mid-Cap Growth ETF	0.66%	0.67%	0.71%	0.78%	0.34%	0.56%	0.78%	0.84%	0.72%	0.81%	0.81%	0.79%
XMHQ Invesco S&P MidCap Quality ETF	5.30%	5.20%	0.73%	1.72%	1.00%	1.12%	1.22%	1.59%	1.06%	1.64%	1.34%	1.25%
XMMO Invesco S&P MidCap Momentum ETF	0.50%	0.34%	0.80%	1.43%	0.41%	0.61%	0.60%	0.19%	0.21%	0.22%	0.64%	1.24%
XSHQ Invesco S&P SmallCap Quality ETF	1.34%	1.18%	1.15%	2.02%	1.25%	1.24%	1.11%	1.16%	0.79%	0.00%	0.00%	0.00%
XSMO Invesco S&P SmallCap Momentum ETF	0.85%	0.63%	0.96%	1.19%	0.30%	0.82%	0.69%	0.65%	0.28%	0.30%	0.35%	1.31%

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 Small & Mid Cap. 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 Small & Mid Cap was 36.80%, occurring on Mar 23, 2020. Recovery took 113 trading sessions.

The current Small & Mid Cap drawdown is 9.14%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-36.8%	Feb 20, 2020	23	Mar 23, 2020	113	Sep 1, 2020	136
-27.7%	Nov 10, 2021	151	Jun 16, 2022	418	Feb 15, 2024	569
-23.34%	Sep 5, 2018	77	Dec 24, 2018	131	Jul 3, 2019	208
-22.86%	Nov 26, 2024	90	Apr 8, 2025	—	—	—
-8.65%	Sep 3, 2020	14	Sep 23, 2020	11	Oct 8, 2020	25

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 9 assets, with an effective number of assets of 9.00, 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

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

	^GSPC	KMKAX	XSHQ	MXXIX	XMHQ	XSMO	XMMO	VOT	FNDA	VO	Portfolio
^GSPC	1.00	0.47	0.69	0.87	0.79	0.76	0.81	0.90	0.80	0.92	0.87
KMKAX	0.47	1.00	0.49	0.46	0.50	0.52	0.50	0.48	0.53	0.52	0.64
XSHQ	0.69	0.49	1.00	0.66	0.83	0.82	0.74	0.69	0.88	0.79	0.86
MXXIX	0.87	0.46	0.66	1.00	0.76	0.78	0.85	0.95	0.75	0.90	0.88
XMHQ	0.79	0.50	0.83	0.76	1.00	0.82	0.82	0.79	0.88	0.87	0.90
XSMO	0.76	0.52	0.82	0.78	0.82	1.00	0.88	0.81	0.88	0.85	0.92
XMMO	0.81	0.50	0.74	0.85	0.82	0.88	1.00	0.86	0.82	0.87	0.92
VOT	0.90	0.48	0.69	0.95	0.79	0.81	0.86	1.00	0.79	0.95	0.91
FNDA	0.80	0.53	0.88	0.75	0.88	0.88	0.82	0.79	1.00	0.90	0.93
VO	0.92	0.52	0.79	0.90	0.87	0.85	0.87	0.95	0.90	1.00	0.95
Portfolio	0.87	0.64	0.86	0.88	0.90	0.92	0.92	0.91	0.93	0.95	1.00

The correlation results are calculated based on daily price changes starting from Apr 7, 2017

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

Small & Mid Cap

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

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