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Defensive

Last updated Sep 21, 2023

Asset Allocation


NOBL 100%EquityEquity
PositionCategory/SectorWeight
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
Large Cap Growth Equities, Dividend100%

Performance

The chart shows the growth of an initial investment of $10,000 in Defensive, 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


0.00%5.00%10.00%15.00%AprilMayJuneJulyAugustSeptember
5.78%
10.86%
Defensive
Benchmark (^GSPC)
Portfolio components

Returns

As of Sep 21, 2023, the Defensive returned 3.45% Year-To-Date and 10.76% of annualized return in the last 10 years.


1 month6 monthsYear-To-Date1 year5 years (annualized)10 years (annualized)
Benchmark0.33%11.48%14.66%16.16%8.51%10.11%
Defensive-0.56%7.14%3.45%11.24%8.50%10.76%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
-0.56%7.14%3.45%11.24%8.50%10.76%

Sharpe Ratio

The current Defensive Sharpe ratio is 0.51. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

-1.000.001.002.003.004.000.51

The Sharpe ratio of Defensive is in the bottom 25%, suggesting that this portfolio isn't performing as well in terms of risk-adjusted returns compared to many others. This could be due to lower returns, higher volatility, or both. It might be an indication that the portfolio needs fine-tuning.


Rolling 12-month Sharpe Ratio-0.500.000.501.00AprilMayJuneJulyAugustSeptember
0.51
0.74
Defensive
Benchmark (^GSPC)
Portfolio components

Dividend yield

Defensive granted a 2.11% dividend yield in the last twelve months.


TTM2022202120202019201820172016201520142013
Defensive2.11%1.97%1.96%2.26%2.05%2.62%1.97%2.46%2.38%1.92%0.37%
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
2.11%1.97%1.96%2.26%2.05%2.62%1.97%2.46%2.38%1.92%0.37%

Expense Ratio

The Defensive has a high expense ratio of 0.35%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.35%
0.00%2.15%

Risk-Adjusted Performance

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
NOBL
ProShares S&P 500 Dividend Aristocrats ETF
0.51

Drawdowns Chart

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


-15.00%-10.00%-5.00%0.00%AprilMayJuneJulyAugustSeptember
-5.03%
-8.22%
Defensive
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the Defensive. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Defensive is 35.44%, recorded on Mar 23, 2020. It took 139 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-35.44%Jan 21, 202044Mar 23, 2020139Oct 8, 2020183
-17.92%Jan 5, 2022186Sep 30, 2022200Jul 20, 2023386
-15.27%Sep 24, 201864Dec 24, 201864Mar 28, 2019128
-10.39%Jan 29, 201867May 3, 201891Sep 12, 2018158
-9.84%Aug 18, 20156Aug 25, 2015131Mar 3, 2016137

Volatility Chart

The current Defensive volatility is 3.12%, 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%2.50%3.00%3.50%4.00%4.50%5.00%5.50%AprilMayJuneJulyAugustSeptember
3.12%
3.47%
Defensive
Benchmark (^GSPC)
Portfolio components