Defense
Defensive Portfolio
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
XLP Consumer Staples Select Sector SPDR Fund | Consumer Staples Equities | 33.33% |
XLU Utilities Select Sector SPDR Fund | Utilities Equities | 33.33% |
XLV Health Care Select Sector SPDR Fund | Health & Biotech Equities | 33.33% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Defense, 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 Dec 22, 1998, corresponding to the inception date of XLP
Returns By Period
As of Apr 21, 2025, the Defense returned 2.39% Year-To-Date and 8.64% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.79% | -9.92% | 6.35% | 14.12% | 9.63% |
| Defense | 1.94% | -2.18% | -5.44% | 9.62% | 9.38% | 8.38% |
| Portfolio components: | ||||||
XLP Consumer Staples Select Sector SPDR Fund | 4.70% | 3.75% | 0.84% | 12.84% | 10.02% | 8.08% |
XLV Health Care Select Sector SPDR Fund | -1.13% | -7.22% | -10.78% | -0.92% | 8.65% | 7.93% |
XLU Utilities Select Sector SPDR Fund | 3.48% | -0.54% | -3.64% | 22.49% | 9.73% | 9.23% |
Monthly Returns
The table below presents the monthly returns of Defense, 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 | 3.80% | 2.51% | -0.90% | -3.33% | 1.94% | ||||||||
| 2024 | 0.78% | 2.29% | 3.78% | -2.09% | 4.31% | -0.96% | 3.59% | 5.23% | 1.54% | -3.22% | 2.39% | -6.42% | 11.09% |
| 2023 | -1.68% | -4.39% | 3.57% | 2.91% | -5.28% | 3.07% | 1.78% | -3.21% | -4.23% | -1.46% | 4.99% | 3.17% | -1.51% |
| 2022 | -4.33% | -1.37% | 6.01% | -2.78% | 0.78% | -3.27% | 3.92% | -2.73% | -6.91% | 7.06% | 5.77% | -1.70% | -0.70% |
| 2021 | -1.08% | -3.09% | 7.19% | 3.43% | 0.55% | 0.16% | 4.00% | 2.44% | -5.32% | 4.57% | -2.20% | 9.60% | 21.02% |
| 2020 | 1.25% | -8.16% | -6.41% | 8.01% | 3.15% | -2.55% | 6.58% | 1.52% | -1.06% | -0.75% | 5.47% | 2.21% | 8.22% |
| 2019 | 4.47% | 2.24% | 2.13% | 0.00% | -2.14% | 5.07% | -0.03% | 2.07% | 1.90% | 1.51% | 1.66% | 3.12% | 24.10% |
| 2018 | 2.05% | -5.23% | -0.30% | -0.11% | -0.71% | 2.82% | 4.24% | 2.29% | 1.30% | -1.75% | 5.02% | -7.56% | 1.30% |
| 2017 | 1.77% | 5.52% | -0.35% | 1.15% | 2.42% | 0.12% | 1.30% | 1.41% | -0.76% | 0.49% | 3.58% | -1.58% | 15.93% |
| 2016 | -1.46% | 0.57% | 5.02% | -0.16% | 1.53% | 4.41% | 1.31% | -3.20% | -0.55% | -2.43% | -2.34% | 2.74% | 5.16% |
| 2015 | 0.97% | 0.77% | -0.62% | -0.81% | 2.27% | -2.47% | 4.65% | -6.07% | -1.34% | 5.04% | -1.04% | 2.20% | 3.07% |
| 2014 | -0.34% | 4.65% | 1.21% | 1.93% | 1.26% | 2.15% | -3.15% | 4.80% | -0.25% | 5.61% | 3.34% | 0.28% | 23.31% |
Expense Ratio
Defense has an expense ratio of 0.13%, which is considered low. 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
With an overall rank of 85, Defense is among the top 15% of 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 | |
|---|---|---|---|---|---|
XLP Consumer Staples Select Sector SPDR Fund | 1.14 | 1.64 | 1.21 | 1.78 | 4.82 |
XLV Health Care Select Sector SPDR Fund | -0.05 | 0.02 | 1.00 | -0.05 | -0.13 |
XLU Utilities Select Sector SPDR Fund | 1.62 | 2.17 | 1.29 | 2.09 | 6.87 |
Dividends
Dividend yield
Defense provided a 2.38% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.38% | 2.47% | 2.54% | 2.29% | 2.13% | 2.38% | 2.56% | 2.65% | 2.47% | 2.52% | 2.55% | 2.31% |
| Portfolio components: | ||||||||||||
XLP Consumer Staples Select Sector SPDR Fund | 2.49% | 2.77% | 2.63% | 2.47% | 2.28% | 2.50% | 2.57% | 3.04% | 2.62% | 2.53% | 2.53% | 2.40% |
XLV Health Care Select Sector SPDR Fund | 1.72% | 1.67% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% |
XLU Utilities Select Sector SPDR Fund | 2.93% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.42% | 3.67% | 3.19% |
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 Defense. 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 Defense was 40.32%, occurring on Mar 9, 2009. Recovery took 543 trading sessions.
The current Defense drawdown is 4.76%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.32% | Dec 11, 2007 | 312 | Mar 9, 2009 | 543 | May 3, 2011 | 855 |
| -33.82% | Nov 9, 2000 | 423 | Jul 23, 2002 | 659 | Mar 4, 2005 | 1082 |
| -29.62% | Feb 19, 2020 | 24 | Mar 23, 2020 | 140 | Oct 9, 2020 | 164 |
| -17.26% | Jul 19, 1999 | 155 | Feb 25, 2000 | 150 | Sep 28, 2000 | 305 |
| -15.19% | Apr 11, 2022 | 128 | Oct 12, 2022 | 365 | Mar 27, 2024 | 493 |
Volatility
Volatility Chart
The current Defense volatility is 7.83%, 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
Asset Correlations Table
| XLU | XLV | XLP | |
|---|---|---|---|
| XLU | 1.00 | 0.45 | 0.54 |
| XLV | 0.45 | 1.00 | 0.58 |
| XLP | 0.54 | 0.58 | 1.00 |