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2 Pies
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 2 Pies, 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.


70.00%80.00%90.00%100.00%110.00%December2025FebruaryMarchAprilMay
88.09%
90.22%
2 Pies
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Sep 26, 2019, corresponding to the inception date of AVUV

Returns By Period


YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500
-3.70%13.67%-5.18%9.18%14.14%10.43%
2 Pies-1.06%11.41%-4.25%5.02%15.06%N/A
SAIA
-41.68%-17.73%-51.24%-35.69%21.97%N/A
ASML
ASML Holding N.V.
2.69%19.29%5.10%-21.59%19.52%21.84%
SOXX
-10.91%23.82%-17.51%-11.84%20.12%N/A
VGT
-8.02%21.43%-8.47%11.41%18.79%N/A
QCLN
-15.48%17.17%-15.46%-15.97%2.74%N/A
PAVE
-0.89%18.56%-10.48%3.72%24.81%N/A
BOTZ
Global X Robotics & Artificial Intelligence Thematic ETF
-7.70%20.32%-12.08%-5.35%7.08%N/A
PANW
Palo Alto Networks, Inc.
3.61%23.60%-2.57%24.44%39.67%22.30%
LLY
Eli Lilly and Company
-2.49%3.47%-5.45%-2.41%39.23%28.61%
COST
Costco Wholesale Corporation
10.24%11.03%10.53%32.68%29.14%23.66%
MNST
Monster Beverage Corporation
14.42%9.33%9.88%10.76%12.87%10.44%
CROX
Crocs, Inc.
1.02%23.88%8.63%-18.29%34.77%22.79%
CDNS
Cadence Design Systems, Inc.
2.50%32.95%2.07%8.99%30.26%32.11%
FANG
Diamondback Energy, Inc.
-16.29%14.20%-24.10%-30.68%32.27%8.23%
CMG
Chipotle Mexican Grill, Inc.
-14.68%11.90%-11.61%-19.19%22.76%15.04%
ORCL
Oracle Corporation
-9.25%21.16%-18.85%29.48%24.84%14.92%
NVO
Novo Nordisk A/S
-23.40%5.28%-38.78%-47.79%17.60%10.95%
TMHC
-3.37%9.68%-17.27%1.13%30.42%N/A
FSLR
First Solar, Inc.
-24.10%11.11%-32.00%-29.87%24.90%9.05%
AMD
Advanced Micro Devices, Inc.
-15.80%30.03%-32.12%-33.80%13.89%46.07%
TSM
-10.93%23.94%-12.29%23.73%29.50%N/A
MRVL
Marvell Technology Group Ltd.
-47.74%15.32%-38.55%-15.11%17.08%16.34%
GOLF
Acushnet Holdings Corp.
-3.79%21.11%-3.42%9.52%21.21%N/A
AVUV
Avantis U.S. Small Cap Value ETF
-10.14%14.97%-15.34%-4.10%20.39%N/A
VOO
-3.28%13.71%-4.52%10.70%15.89%N/A
SPYV
-2.43%10.22%-6.63%3.99%14.41%N/A
AVDV
Avantis International Small Cap Value ETF
12.63%18.36%9.87%15.61%15.67%N/A
SPTI
3.21%-0.11%2.79%6.32%-1.02%N/A
FNDF
Schwab Fundamental International Large Company Index ETF
12.89%16.25%6.98%9.26%14.96%6.08%
VTIP
3.45%0.30%3.57%7.14%3.98%N/A
VGSH
1.95%0.00%2.49%5.68%1.14%N/A
*Annualized

Monthly Returns

The table below presents the monthly returns of 2 Pies, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20252.07%-0.92%-2.64%-1.09%1.61%-1.06%
2024-0.05%2.98%3.79%-3.74%4.32%-0.13%3.86%0.90%1.24%-2.10%4.96%-4.23%11.86%
20237.38%-1.96%0.70%0.77%-1.24%5.81%3.93%-2.22%-3.51%-2.58%7.77%6.06%21.88%
2022-3.36%-0.69%1.31%-5.72%1.84%-8.07%7.50%-3.25%-8.28%8.06%6.88%-4.18%-9.39%
20210.74%5.15%4.12%3.01%2.33%0.06%0.61%2.02%-2.19%4.36%-1.90%3.91%24.23%
2020-2.80%-7.38%-13.92%11.52%4.61%1.81%3.51%5.33%-2.68%-0.51%12.40%5.01%14.68%
2019-0.09%2.35%2.40%3.15%8.01%

Expense Ratio

2 Pies 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

The current rank of 2 Pies is 19, meaning it’s performing worse than 81% 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.


The Risk-Adjusted Performance Rank of 2 Pies is 1919
Overall Rank
The Sharpe Ratio Rank of 2 Pies is 1919
Sharpe Ratio Rank
The Sortino Ratio Rank of 2 Pies is 1717
Sortino Ratio Rank
The Omega Ratio Rank of 2 Pies is 1818
Omega Ratio Rank
The Calmar Ratio Rank of 2 Pies is 2121
Calmar Ratio Rank
The Martin Ratio Rank of 2 Pies is 2222
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 ratioSortino ratioOmega ratioCalmar ratioMartin ratio
SAIA
-0.57-0.380.94-0.53-1.44
ASML
ASML Holding N.V.
-0.45-0.370.95-0.48-0.76
SOXX
-0.28-0.140.98-0.30-0.69
VGT
0.390.711.100.411.34
QCLN
-0.44-0.500.94-0.24-1.10
PAVE
0.150.411.050.150.42
BOTZ
Global X Robotics & Artificial Intelligence Thematic ETF
-0.19-0.120.98-0.15-0.70
PANW
Palo Alto Networks, Inc.
0.681.201.150.952.88
LLY
Eli Lilly and Company
-0.060.211.03-0.05-0.11
COST
Costco Wholesale Corporation
1.502.091.281.965.76
MNST
Monster Beverage Corporation
0.430.721.110.421.28
CROX
Crocs, Inc.
-0.350.011.00-0.25-0.47
CDNS
Cadence Design Systems, Inc.
0.220.571.070.270.55
FANG
Diamondback Energy, Inc.
-0.79-0.970.87-0.74-1.67
CMG
Chipotle Mexican Grill, Inc.
-0.57-0.650.92-0.59-1.08
ORCL
Oracle Corporation
0.701.211.170.802.21
NVO
Novo Nordisk A/S
-1.13-1.600.79-0.79-1.49
TMHC
0.030.291.030.030.07
FSLR
First Solar, Inc.
-0.52-0.520.94-0.52-0.83
AMD
Advanced Micro Devices, Inc.
-0.65-0.790.90-0.55-1.18
TSM
0.511.021.130.661.79
MRVL
Marvell Technology Group Ltd.
-0.210.131.02-0.28-0.71
GOLF
Acushnet Holdings Corp.
0.270.631.080.360.92
AVUV
Avantis U.S. Small Cap Value ETF
-0.16-0.070.99-0.15-0.41
VOO
0.560.921.130.582.25
SPYV
0.250.511.070.250.88
AVDV
Avantis International Small Cap Value ETF
0.851.271.181.113.88
SPTI
1.362.071.240.543.26
FNDF
Schwab Fundamental International Large Company Index ETF
0.540.861.120.661.93
VTIP
3.695.871.827.2524.41
VGSH
3.415.621.755.8416.87

The current 2 Pies Sharpe ratio is 0.34. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 0.44 to 0.96, 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 2 Pies 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 Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.34
0.48
2 Pies
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

2 Pies provided a 2.35% dividend yield over the last twelve months.


TTM20242023202220212020201920182017201620152014
Portfolio2.35%2.39%2.12%2.16%1.70%1.55%1.59%1.68%1.36%1.27%1.24%1.11%
SAIA
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ASML
ASML Holding N.V.
0.98%0.97%0.85%1.21%0.50%0.59%1.20%1.10%0.75%1.02%0.91%0.77%
SOXX
0.77%0.67%0.78%1.25%0.64%0.81%1.23%1.37%0.90%1.08%1.29%1.56%
VGT
0.56%0.60%0.65%0.91%0.64%0.82%1.11%1.29%0.99%1.31%1.28%1.12%
QCLN
1.10%0.87%0.76%0.33%0.01%0.30%0.85%1.03%0.45%1.25%0.72%0.78%
PAVE
0.55%0.54%0.68%0.84%0.48%0.44%0.67%0.78%0.30%0.00%0.00%0.00%
BOTZ
Global X Robotics & Artificial Intelligence Thematic ETF
0.15%0.13%0.20%0.23%0.16%0.19%0.83%1.44%0.01%0.06%0.00%0.00%
PANW
Palo Alto Networks, 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%
LLY
Eli Lilly and Company
0.72%0.67%0.78%1.07%1.23%1.75%1.96%1.94%2.46%2.77%2.37%2.84%
COST
Costco Wholesale Corporation
0.47%0.49%2.87%0.76%0.54%3.38%0.86%1.08%4.81%1.09%4.06%0.97%
MNST
Monster Beverage Corporation
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CROX
Crocs, 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%
CDNS
Cadence Design Systems, 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%
FANG
Diamondback Energy, Inc.
4.56%5.06%5.15%6.55%1.62%3.10%0.74%0.40%0.00%0.00%0.00%0.00%
CMG
Chipotle Mexican Grill, 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%
ORCL
Oracle Corporation
1.13%0.96%1.44%1.57%1.38%1.48%1.72%1.68%1.52%1.56%1.56%1.07%
NVO
Novo Nordisk A/S
2.49%1.68%1.00%1.20%1.34%1.86%2.14%2.47%2.12%3.93%1.31%1.96%
TMHC
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FSLR
First Solar, 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%
AMD
Advanced Micro Devices, 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%
TSM
1.41%1.18%1.78%2.48%1.56%1.58%3.49%3.55%2.32%2.61%2.54%1.79%
MRVL
Marvell Technology Group Ltd.
0.42%0.22%0.40%0.65%0.21%0.50%0.90%1.48%1.12%1.73%2.72%1.66%
GOLF
Acushnet Holdings Corp.
1.29%1.21%1.23%1.70%1.24%1.53%1.72%2.47%2.28%0.00%0.00%0.00%
AVUV
Avantis U.S. Small Cap Value ETF
1.84%1.61%1.65%1.74%1.28%1.21%0.38%0.00%0.00%0.00%0.00%0.00%
VOO
1.34%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%
SPYV
2.20%2.29%1.75%2.23%2.10%2.38%2.25%2.97%2.77%2.39%2.53%2.19%
AVDV
Avantis International Small Cap Value ETF
3.83%4.31%3.29%3.17%2.39%1.67%0.37%0.00%0.00%0.00%0.00%0.00%
SPTI
3.77%3.75%2.99%1.45%0.53%0.75%2.02%1.97%1.46%1.23%1.18%1.05%
FNDF
Schwab Fundamental International Large Company Index ETF
3.56%4.01%3.41%3.10%3.54%2.17%3.20%3.47%2.32%2.42%2.08%1.83%
VTIP
2.76%2.70%3.36%6.84%4.68%1.20%1.95%2.45%1.52%0.76%0.00%0.82%
VGSH
4.18%4.18%3.31%1.15%0.66%1.74%2.28%1.79%1.10%0.84%0.71%0.46%

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-5.45%
-7.82%
2 Pies
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the 2 Pies. 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 2 Pies was 31.16%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.

The current 2 Pies drawdown is 5.45%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-31.16%Jan 21, 202044Mar 23, 2020114Sep 2, 2020158
-19.05%Jan 5, 2022186Sep 30, 2022177Jun 15, 2023363
-15.13%Dec 5, 202484Apr 8, 2025
-9.29%Aug 1, 202363Oct 27, 202324Dec 1, 202387
-6.51%Sep 3, 202014Sep 23, 202012Oct 9, 202026

Volatility

Volatility Chart

The current 2 Pies volatility is 8.15%, 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%December2025FebruaryMarchAprilMay
8.15%
11.21%
2 Pies
Benchmark (^GSPC)
Portfolio components

Diversification

Diversification Metrics


Number of Effective Assets

The portfolio contains 31 assets, with an effective number of assets of 7.94, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

^GSPCVGSHSPTIVTIPLLYNVOFANGFSLRMNSTCOSTCMGPANWGOLFORCLSAIACROXTMHCAMDTSMMRVLCDNSQCLNASMLAVDVAVUVFNDFSPYVPAVESOXXBOTZVGTVOOPortfolio
^GSPC1.00-0.03-0.030.170.370.360.370.440.530.590.550.560.520.630.560.540.570.620.620.670.710.690.710.720.730.750.860.800.810.830.911.000.91
VGSH-0.031.000.850.59-0.03-0.01-0.140.000.050.030.01-0.02-0.01-0.02-0.04-0.020.12-0.03-0.07-0.060.000.00-0.020.03-0.080.00-0.04-0.06-0.040.01-0.02-0.03-0.01
SPTI-0.030.851.000.580.000.02-0.180.010.040.050.040.000.01-0.01-0.06-0.010.14-0.01-0.08-0.050.020.01-0.00-0.00-0.12-0.02-0.06-0.08-0.050.01-0.01-0.03-0.03
VTIP0.170.590.581.000.070.040.160.120.150.130.140.070.120.080.080.090.200.100.040.070.120.150.110.250.150.210.170.150.100.160.140.170.21
LLY0.37-0.030.000.071.000.480.080.110.230.320.210.220.160.320.160.130.180.210.200.190.280.160.250.220.180.250.320.250.250.260.320.370.29
NVO0.36-0.010.020.040.481.000.060.140.230.270.220.260.200.290.230.190.220.250.250.220.350.220.330.280.170.300.280.250.290.340.340.360.30
FANG0.37-0.14-0.180.160.080.061.000.270.120.070.150.140.230.170.260.290.280.190.250.240.160.350.250.470.620.470.480.500.290.300.240.370.53
FSLR0.440.000.010.120.110.140.271.000.240.260.270.280.280.240.310.360.310.350.370.410.360.680.420.400.410.390.380.410.450.450.430.440.47
MNST0.530.050.040.150.230.230.120.241.000.440.340.320.330.350.330.300.380.290.250.300.410.350.360.370.360.400.510.420.390.410.470.530.48
COST0.590.030.050.130.320.270.070.260.441.000.410.380.320.410.350.320.310.390.350.400.500.360.430.340.320.360.470.400.480.470.560.590.47
CMG0.550.010.040.140.210.220.150.270.340.411.000.450.310.370.350.390.370.460.360.440.520.420.460.370.340.360.390.400.480.510.580.550.46
PANW0.56-0.020.000.070.220.260.140.280.320.380.451.000.280.420.340.340.300.450.400.480.560.470.470.350.320.350.380.380.520.560.620.560.47
GOLF0.52-0.010.010.120.160.200.230.280.330.320.310.281.000.330.420.470.480.320.370.350.340.440.380.480.570.490.540.540.430.480.450.520.59
ORCL0.63-0.02-0.010.080.320.290.170.240.350.410.370.420.331.000.370.280.320.410.420.420.540.360.450.430.430.470.530.500.500.530.620.630.56
SAIA0.56-0.04-0.060.080.160.230.260.310.330.350.350.340.420.371.000.390.450.350.360.410.430.480.440.450.580.460.540.610.490.520.490.560.60
CROX0.54-0.02-0.010.090.130.190.290.360.300.320.390.340.470.280.391.000.460.390.420.440.400.550.470.490.560.470.510.540.510.540.500.540.60
TMHC0.570.120.140.200.180.220.280.310.380.310.370.300.480.320.450.461.000.340.360.390.380.490.420.510.610.510.580.620.460.520.480.570.64
AMD0.62-0.03-0.010.100.210.250.190.350.290.390.460.450.320.410.350.390.341.000.620.670.610.570.650.430.390.430.420.430.780.640.730.620.54
TSM0.62-0.07-0.080.040.200.250.250.370.250.350.360.400.370.420.360.420.360.621.000.650.590.560.700.510.450.530.450.500.780.640.700.620.58
MRVL0.67-0.06-0.050.070.190.220.240.410.300.400.440.480.350.420.410.440.390.670.651.000.620.610.680.480.490.480.490.540.830.680.750.670.62
CDNS0.710.000.020.120.280.350.160.360.410.500.520.560.340.540.430.400.380.610.590.621.000.550.680.460.390.470.470.500.740.690.800.710.58
QCLN0.690.000.010.150.160.220.350.680.350.360.420.470.440.360.480.550.490.570.560.610.551.000.610.610.640.590.580.630.700.720.680.680.72
ASML0.71-0.02-0.000.110.250.330.250.420.360.430.460.470.380.450.440.470.420.650.700.680.680.611.000.590.490.600.530.560.840.730.760.700.66
AVDV0.720.03-0.000.250.220.280.470.400.370.340.370.350.480.430.450.490.510.430.510.480.460.610.591.000.740.940.740.730.590.740.590.720.85
AVUV0.73-0.08-0.120.150.180.170.620.410.360.320.340.320.570.430.580.560.610.390.450.490.390.640.490.741.000.760.850.900.580.650.550.730.92
FNDF0.750.00-0.020.210.250.300.470.390.400.360.360.350.490.470.460.470.510.430.530.480.470.590.600.940.761.000.790.750.610.740.610.750.88
SPYV0.86-0.04-0.060.170.320.280.480.380.510.470.390.380.540.530.540.510.580.420.450.490.470.580.530.740.850.791.000.870.610.680.650.860.93
PAVE0.80-0.06-0.080.150.250.250.500.410.420.400.400.380.540.500.610.540.620.430.500.540.500.630.560.730.900.750.871.000.640.710.630.800.91
SOXX0.81-0.04-0.050.100.250.290.290.450.390.480.480.520.430.500.490.510.460.780.780.830.740.700.840.590.580.610.610.641.000.800.890.800.74
BOTZ0.830.010.010.160.260.340.300.450.410.470.510.560.480.530.520.540.520.640.640.680.690.720.730.740.650.740.680.710.801.000.830.830.81
VGT0.91-0.02-0.010.140.320.340.240.430.470.560.580.620.450.620.490.500.480.730.700.750.800.680.760.590.550.610.650.630.890.831.000.910.76
VOO1.00-0.03-0.030.170.370.360.370.440.530.590.550.560.520.630.560.540.570.620.620.670.710.680.700.720.730.750.860.800.800.830.911.000.91
Portfolio0.91-0.01-0.030.210.290.300.530.470.480.470.460.470.590.560.600.600.640.540.580.620.580.720.660.850.920.880.930.910.740.810.760.911.00
The correlation results are calculated based on daily price changes starting from Sep 27, 2019