Ocean Health

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Ocean Health

Currency in USD · Last updated May 31, 2025

Asset Allocation

Position	Category/Sector	Target Weight
CLH Clean Harbors, Inc.	Industrials	9.09%
GOGL Golden Ocean Group Limited	Industrials	9.09%
HZO MarineMax, Inc.	Consumer Cyclical	9.09%
MATX Matson, Inc.	Industrials	9.09%
MPX Marine Products Corporation	Consumer Cyclical	9.09%
OII Oceaneering International, Inc.	Energy	9.09%
OMEX Odyssey Marine Exploration, Inc.	Industrials	9.09%
ONEW OneWater Marine Inc.	Consumer Cyclical	9.09%
RSG Republic Services, Inc.	Industrials	9.09%
TDW Tidewater Inc.	Energy	9.09%
WM Waste Management, Inc.	Industrials	9.09%

Benchmark

S&P 500

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Performance

Performance Chart

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The earliest data available for this chart is Feb 7, 2020, corresponding to the inception date of ONEW

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	0.51%	6.15%	-2.00%	12.92%	14.19%	10.85%
Ocean Health	-4.94%	-8.83%	-11.74%	-20.10%	26.96%	N/A
Portfolio components:
CLH Clean Harbors, Inc.	-1.46%	6.01%	-12.80%	5.79%	30.73%	14.92%
OII Oceaneering International, Inc.	-26.88%	7.44%	-36.39%	-19.43%	24.33%	-8.81%
WM Waste Management, Inc.	19.86%	3.26%	6.33%	18.53%	19.63%	19.47%
RSG Republic Services, Inc.	28.57%	2.61%	18.48%	42.87%	26.45%	22.63%
GOGL Golden Ocean Group Limited	-12.47%	-0.26%	-19.03%	-41.00%	34.40%	-1.91%
HZO MarineMax, Inc.	-26.77%	-1.21%	-38.23%	-23.77%	2.18%	-1.01%
OMEX Odyssey Marine Exploration, Inc.	8.57%	-42.52%	68.47%	-83.40%	-29.06%	-19.14%
ONEW OneWater Marine Inc.	-15.02%	-1.60%	-33.44%	-41.69%	0.89%	N/A
MPX Marine Products Corporation	-6.52%	0.57%	-13.33%	-13.01%	-0.70%	7.29%
MATX Matson, Inc.	-15.80%	3.82%	-25.88%	-7.82%	33.54%	12.50%
TDW Tidewater Inc.	-27.42%	9.73%	-23.22%	-61.46%	52.82%	-25.19%

*Annualized

Monthly Returns

The table below presents the monthly returns of Ocean Health, 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	-0.12%	-5.23%	-6.09%	17.31%	-8.83%								-4.94%
2024	-5.21%	7.25%	5.77%	-6.49%	10.93%	1.65%	0.78%	-2.63%	-6.91%	-8.67%	4.91%	-7.15%	-7.87%
2023	6.56%	1.35%	-3.17%	1.63%	-1.31%	14.89%	6.63%	-5.98%	2.54%	-7.54%	6.07%	13.84%	38.31%
2022	0.29%	5.55%	8.38%	-6.76%	0.98%	-10.78%	6.64%	-2.57%	-10.75%	18.63%	1.85%	3.35%	11.61%
2021	6.22%	12.22%	3.53%	7.84%	4.38%	-0.84%	0.82%	0.35%	1.47%	2.28%	-3.11%	5.46%	47.78%
2020		-9.90%	-30.86%	20.78%	10.05%	17.60%	3.80%	9.38%	-5.30%	1.45%	22.91%	4.74%	36.72%

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

Expense Ratio

Ocean Health 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.

The portfolio doesn't include any funds that charge management fees.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Ocean Health is 1, meaning it’s performing worse than 99% of other portfolios on our website when it comes to balancing risk and reward. Below is 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
CLH Clean Harbors, Inc.	0.20	0.47	1.06	0.18	0.46
OII Oceaneering International, Inc.	-0.39	-0.28	0.96	-0.42	-0.90
WM Waste Management, Inc.	0.91	1.28	1.19	1.54	3.48
RSG Republic Services, Inc.	2.40	2.93	1.43	4.88	14.26
GOGL Golden Ocean Group Limited	-0.85	-1.13	0.85	-0.77	-1.55
HZO MarineMax, Inc.	-0.35	-0.11	0.99	-0.31	-0.86
OMEX Odyssey Marine Exploration, Inc.	-0.30	1.47	1.23	-0.86	-1.11
ONEW OneWater Marine Inc.	-0.62	-0.71	0.92	-0.53	-1.15
MPX Marine Products Corporation	-0.38	-0.35	0.96	-0.24	-1.08
MATX Matson, Inc.	-0.18	0.06	1.01	-0.17	-0.42
TDW Tidewater Inc.	-1.14	-2.01	0.76	-0.89	-1.38

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.

Ocean Health Sharpe ratios as of May 31, 2025 (values are recalculated daily):

1-Year: -0.56
5-Year: 0.97
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 0.60 to 1.13, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Ocean Health 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

Ocean Health provided a 2.16% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	2.16%	2.77%	1.27%	3.31%	2.51%	0.78%	1.33%	1.54%	1.03%	1.06%	2.56%	2.70%
Portfolio components:
CLH Clean Harbors, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OII Oceaneering International, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.13%	3.40%	2.88%	1.75%
WM Waste Management, Inc.	1.28%	1.49%	1.56%	1.66%	1.38%	1.85%	1.80%	2.09%	1.97%	2.31%	2.89%	2.92%
RSG Republic Services, Inc.	0.88%	0.82%	1.25%	1.48%	1.27%	1.72%	1.74%	2.00%	1.97%	2.17%	2.64%	2.68%
GOGL Golden Ocean Group Limited	13.64%	13.39%	5.12%	27.04%	17.20%	1.08%	5.60%	7.32%	0.00%	0.00%	0.00%	15.34%
HZO MarineMax, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
OMEX Odyssey Marine Exploration, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ONEW OneWater Marine Inc.	0.00%	0.00%	0.00%	0.00%	2.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MPX Marine Products Corporation	6.74%	13.74%	4.91%	4.25%	3.68%	2.20%	3.33%	2.96%	2.59%	1.73%	3.31%	1.90%
MATX Matson, Inc.	1.21%	0.98%	1.15%	1.95%	1.18%	1.58%	2.11%	2.56%	2.61%	2.09%	1.64%	1.91%
TDW Tidewater Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.00%	0.00%	0.04%	0.00%	14.75%	3.17%

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 Ocean Health. 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 Ocean Health was 49.28%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.

The current Ocean Health drawdown is 26.94%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-49.28%	Feb 21, 2020	22	Mar 23, 2020	89	Jul 29, 2020	111
-42.71%	Jul 18, 2024	182	Apr 8, 2025	—	—	—
-25.7%	Mar 30, 2022	124	Sep 26, 2022	83	Jan 25, 2023	207
-11.81%	Mar 16, 2021	7	Mar 24, 2021	27	May 3, 2021	34
-11.8%	Aug 18, 2020	27	Sep 24, 2020	30	Nov 5, 2020	57

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 11 assets, with an effective number of assets of 11.00, 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.

	^GSPC	OMEX	GOGL	RSG	WM	TDW	ONEW	MPX	HZO	OII	MATX	CLH	Portfolio
^GSPC	1.00	0.13	0.35	0.49	0.47	0.29	0.42	0.42	0.48	0.38	0.52	0.58	0.61
OMEX	0.13	1.00	0.02	0.08	0.07	0.04	0.09	0.09	0.11	0.10	0.08	0.13	0.33
GOGL	0.35	0.02	1.00	0.14	0.14	0.35	0.21	0.19	0.22	0.34	0.40	0.31	0.52
RSG	0.49	0.08	0.14	1.00	0.87	0.12	0.14	0.21	0.17	0.15	0.26	0.46	0.36
WM	0.47	0.07	0.14	0.87	1.00	0.13	0.15	0.23	0.18	0.17	0.26	0.45	0.37
TDW	0.29	0.04	0.35	0.12	0.13	1.00	0.22	0.29	0.24	0.67	0.35	0.40	0.62
ONEW	0.42	0.09	0.21	0.14	0.15	0.22	1.00	0.40	0.61	0.27	0.35	0.38	0.58
MPX	0.42	0.09	0.19	0.21	0.23	0.29	0.40	1.00	0.44	0.33	0.36	0.40	0.59
HZO	0.48	0.11	0.22	0.17	0.18	0.24	0.61	0.44	1.00	0.30	0.42	0.41	0.62
OII	0.38	0.10	0.34	0.15	0.17	0.67	0.27	0.33	0.30	1.00	0.41	0.43	0.68
MATX	0.52	0.08	0.40	0.26	0.26	0.35	0.35	0.36	0.42	0.41	1.00	0.49	0.64
CLH	0.58	0.13	0.31	0.46	0.45	0.40	0.38	0.40	0.41	0.43	0.49	1.00	0.66
Portfolio	0.61	0.33	0.52	0.36	0.37	0.62	0.58	0.59	0.62	0.68	0.64	0.66	1.00

The correlation results are calculated based on daily price changes starting from Feb 10, 2020

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

Ocean Health

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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