Ocean Health
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% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Ocean Health, 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.
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 | -3.31% | 5.38% | -0.74% | 10.90% | 14.93% | 10.61% |
Ocean Health | -0.20% | 17.50% | -2.56% | -12.65% | 31.92% | N/A |
Portfolio components: | ||||||
CLH Clean Harbors, Inc. | -3.49% | 11.89% | -4.67% | 7.12% | 34.16% | 15.01% |
OII Oceaneering International, Inc. | -27.07% | -3.11% | -22.18% | -16.91% | 33.06% | -9.39% |
WM Waste Management, Inc. | 16.36% | -1.22% | 10.10% | 14.17% | 20.67% | 19.44% |
RSG Republic Services, Inc. | 25.18% | 0.84% | 26.82% | 36.53% | 28.46% | 22.58% |
GOGL Golden Ocean Group Limited | -11.10% | -3.22% | -23.58% | -41.58% | 31.91% | -3.12% |
HZO MarineMax, Inc. | -21.45% | 16.62% | -21.51% | -11.89% | 9.27% | 0.40% |
OMEX Odyssey Marine Exploration, Inc. | 51.39% | 189.66% | 112.89% | -70.14% | -25.09% | -17.87% |
ONEW OneWater Marine Inc. | -27.85% | -17.82% | -43.05% | -44.71% | 4.31% | N/A |
MPX Marine Products Corporation | -6.94% | 4.86% | -8.02% | -17.65% | 2.77% | 6.39% |
MATX Matson, Inc. | -15.88% | -1.79% | -25.96% | 0.81% | 33.38% | 12.25% |
TDW Tidewater Inc. | -29.65% | 1.93% | -34.56% | -63.86% | 49.52% | -26.88% |
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% | -4.29% | -0.20% | |||||||
2024 | -5.21% | 7.25% | 5.77% | -6.49% | 10.92% | 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% |
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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Ocean Health is 3, meaning it’s performing worse than 97% 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.
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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
---|---|---|---|---|---|
CLH Clean Harbors, Inc. | 0.57 | 0.99 | 1.13 | 0.56 | 1.46 |
OII Oceaneering International, Inc. | -0.34 | -0.18 | 0.98 | -0.35 | -0.86 |
WM Waste Management, Inc. | 0.70 | 1.04 | 1.16 | 1.18 | 2.67 |
RSG Republic Services, Inc. | 1.80 | 2.34 | 1.34 | 3.76 | 11.02 |
GOGL Golden Ocean Group Limited | -0.79 | -0.95 | 0.87 | -0.71 | -1.29 |
HZO MarineMax, Inc. | -0.12 | 0.35 | 1.04 | -0.11 | -0.33 |
OMEX Odyssey Marine Exploration, Inc. | -0.25 | 1.93 | 1.32 | -0.73 | -0.98 |
ONEW OneWater Marine Inc. | -0.59 | -0.60 | 0.93 | -0.50 | -1.15 |
MPX Marine Products Corporation | -0.35 | -0.28 | 0.97 | -0.23 | -0.78 |
MATX Matson, Inc. | 0.16 | 0.50 | 1.06 | 0.14 | 0.40 |
TDW Tidewater Inc. | -1.06 | -1.74 | 0.79 | -0.83 | -1.35 |
Dividends
Dividend yield
Ocean Health provided a 2.89% dividend yield over the last twelve months.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Portfolio | 2.89% | 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. | 1.31% | 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. | 0.91% | 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 | 13.43% | 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 | 14.98% | 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. | 1.18% | 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.
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 23.30%.
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 |
Volatility
Volatility Chart
The current Ocean Health volatility is 26.63%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
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
^GSPC | OMEX | GOGL | RSG | WM | TDW | ONEW | MPX | HZO | OII | MATX | CLH | Portfolio | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
^GSPC | 1.00 | 0.13 | 0.35 | 0.50 | 0.48 | 0.29 | 0.42 | 0.42 | 0.48 | 0.38 | 0.51 | 0.58 | 0.61 |
OMEX | 0.13 | 1.00 | 0.01 | 0.08 | 0.07 | 0.04 | 0.09 | 0.09 | 0.10 | 0.10 | 0.07 | 0.13 | 0.32 |
GOGL | 0.35 | 0.01 | 1.00 | 0.14 | 0.15 | 0.35 | 0.21 | 0.19 | 0.22 | 0.34 | 0.40 | 0.31 | 0.52 |
RSG | 0.50 | 0.08 | 0.14 | 1.00 | 0.87 | 0.13 | 0.15 | 0.22 | 0.18 | 0.16 | 0.27 | 0.46 | 0.37 |
WM | 0.48 | 0.07 | 0.15 | 0.87 | 1.00 | 0.14 | 0.15 | 0.23 | 0.19 | 0.18 | 0.27 | 0.46 | 0.37 |
TDW | 0.29 | 0.04 | 0.35 | 0.13 | 0.14 | 1.00 | 0.21 | 0.30 | 0.24 | 0.67 | 0.36 | 0.40 | 0.62 |
ONEW | 0.42 | 0.09 | 0.21 | 0.15 | 0.15 | 0.21 | 1.00 | 0.40 | 0.61 | 0.27 | 0.35 | 0.38 | 0.58 |
MPX | 0.42 | 0.09 | 0.19 | 0.22 | 0.23 | 0.30 | 0.40 | 1.00 | 0.44 | 0.33 | 0.36 | 0.39 | 0.59 |
HZO | 0.48 | 0.10 | 0.22 | 0.18 | 0.19 | 0.24 | 0.61 | 0.44 | 1.00 | 0.30 | 0.42 | 0.40 | 0.62 |
OII | 0.38 | 0.10 | 0.34 | 0.16 | 0.18 | 0.67 | 0.27 | 0.33 | 0.30 | 1.00 | 0.41 | 0.43 | 0.68 |
MATX | 0.51 | 0.07 | 0.40 | 0.27 | 0.27 | 0.36 | 0.35 | 0.36 | 0.42 | 0.41 | 1.00 | 0.49 | 0.65 |
CLH | 0.58 | 0.13 | 0.31 | 0.46 | 0.46 | 0.40 | 0.38 | 0.39 | 0.40 | 0.43 | 0.49 | 1.00 | 0.66 |
Portfolio | 0.61 | 0.32 | 0.52 | 0.37 | 0.37 | 0.62 | 0.58 | 0.59 | 0.62 | 0.68 | 0.65 | 0.66 | 1.00 |