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PENSION 1
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

PENSION 1

Last updated May 17, 2024

BEAT 500 DRAWDOWN VOL

Asset Allocation

IEP 75%JEPQ 25%EquityEquity
PositionCategory/SectorWeight
IEP
Icahn Enterprises L.P.		Industrials

75%

JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		Actively Managed, Dividend, Derivative Income

25%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in PENSION 1, 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 Quarterly

-40.00%-20.00%0.00%20.00%December2024FebruaryMarchAprilMay
-33.67%
23.18%
PENSION 1
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is May 4, 2022, corresponding to the inception date of JEPQ

Returns By Period

Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500		11.05%4.86%17.50%27.37%13.14%10.90%
PENSION 112.12%6.90%12.88%-20.53%N/AN/A
Portfolio components:
IEP
Icahn Enterprises L.P.		12.21%7.64%11.69%-35.03%-11.56%-4.59%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		11.60%4.63%15.67%27.12%N/AN/A

Monthly Returns

The table below presents the monthly returns of PENSION 1, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20245.37%8.34%-7.39%1.94%12.12%
20236.17%-0.11%1.61%-0.69%-37.98%17.73%15.36%-30.77%-2.21%-12.58%7.74%2.20%-41.25%
2022-1.57%-6.28%10.42%-1.05%-5.05%8.49%-0.72%-2.31%0.70%

Expense Ratio

PENSION 1 has an expense ratio of 0.09% which is considered to be low. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio chart for JEPQ: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of PENSION 1 is 1, indicating that it is in the bottom 1% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.

The Risk-Adjusted Performance Rank of PENSION 1 is 11
PENSION 1
The Sharpe Ratio Rank of PENSION 1 is 11Sharpe Ratio Rank
The Sortino Ratio Rank of PENSION 1 is 11Sortino Ratio Rank
The Omega Ratio Rank of PENSION 1 is 11Omega Ratio Rank
The Calmar Ratio Rank of PENSION 1 is 00Calmar Ratio Rank
The Martin Ratio Rank of PENSION 1 is 11Martin 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.

PENSION 1
Sharpe ratio
The chart of Sharpe ratio for PENSION 1, currently valued at -0.51, compared to the broader market0.002.004.006.00-0.51
Sortino ratio
The chart of Sortino ratio for PENSION 1, currently valued at -0.50, compared to the broader market-2.000.002.004.006.00-0.50
Omega ratio
The chart of Omega ratio for PENSION 1, currently valued at 0.93, compared to the broader market0.801.001.201.401.601.800.93
Calmar ratio
The chart of Calmar ratio for PENSION 1, currently valued at -0.40, compared to the broader market0.002.004.006.008.0010.00-0.40
Martin ratio
The chart of Martin ratio for PENSION 1, currently valued at -0.70, compared to the broader market0.0010.0020.0030.0040.0050.00-0.70
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.49, compared to the broader market0.002.004.006.002.49
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.52, compared to the broader market-2.000.002.004.006.003.52
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.43, compared to the broader market0.801.001.201.401.601.801.43
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.03, compared to the broader market0.002.004.006.008.0010.002.03
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.57, compared to the broader market0.0010.0020.0030.0040.0050.009.57
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
IEP
Icahn Enterprises L.P.		-0.62-0.650.90-0.53-0.92
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		2.553.431.484.2515.90

Sharpe Ratio

The current PENSION 1 Sharpe ratio is -0.51. This value is calculated based on the past 12 months of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.83 to 2.69, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of PENSION 1 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2024FebruaryMarchAprilMay
-0.51
2.49
PENSION 1
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

PENSION 1 granted a 26.78% dividend yield in the last twelve months.

TTM20232022202120202019201820172016201520142013
PENSION 126.78%28.68%14.21%12.10%11.84%9.76%9.20%8.49%7.51%7.34%4.89%3.08%
Portfolio components:
IEP
Icahn Enterprises L.P.		32.77%34.90%15.79%16.13%15.79%13.01%12.26%11.32%10.01%9.79%6.52%4.11%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		8.82%10.02%9.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-39.92%
-0.21%
PENSION 1
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the PENSION 1. 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 PENSION 1 was 51.40%, occurring on Nov 1, 2023. The portfolio has not yet recovered.

The current PENSION 1 drawdown is 39.92%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-51.4%Apr 18, 2023138Nov 1, 2023———
-9.31%May 18, 202225Jun 23, 202225Jul 29, 202250
-8.98%Aug 17, 202228Sep 26, 202273Jan 10, 2023101
-3.68%Feb 16, 202316Mar 10, 202313Mar 29, 202329
-3.54%May 9, 20221May 9, 20226May 17, 20227

Volatility

Volatility Chart

The current PENSION 1 volatility is 7.46%, 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.

2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2024FebruaryMarchAprilMay
7.46%
3.40%
PENSION 1
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
IEPJEPQ
IEP1.000.19
JEPQ0.191.00