2 Pies

Last updated Sep 23, 2023

Asset Allocation

Position	Category/Sector	Weight
AVUV Avantis U.S. Small Cap Value ETF	Small Cap Value Equities, Actively Managed	18%
VOO		18%
SPYV		18%
AVDV Avantis International Small Cap Value ETF	Foreign Small & Mid Cap Equities, Actively Managed	9%
SPTI		9%
FNDF Schwab Fundamental International Large Company Index ETF	Foreign Large Cap Equities	9%
VTIP		4.5%
VGSH		4.5%
SAIA		0.5%
ASML ASML Holding N.V.	Technology	0.5%
SOXX		0.5%
VGT		0.5%
QCLN		0.5%
PAVE Global X US Infrastructure Development ETF	Utilities Equities	0.5%
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF	Robotics, Technology Equities	0.5%
PANW Palo Alto Networks, Inc.	Technology	0.5%
LLY Eli Lilly and Company	Healthcare	0.4%
COST Costco Wholesale Corporation	Consumer Defensive	0.4%
MNST Monster Beverage Corporation	Consumer Defensive	0.4%
CROX Crocs, Inc.	Consumer Cyclical	0.4%
CDNS Cadence Design Systems, Inc.	Technology	0.4%
FANG Diamondback Energy, Inc.	Energy	0.4%
CMG Chipotle Mexican Grill, Inc.	Consumer Cyclical	0.4%
ORCL Oracle Corporation	Technology	0.4%
NVO Novo Nordisk A/S	Healthcare	0.4%
TMHC		0.4%
FSLR First Solar, Inc.	Technology	0.4%
AMD Advanced Micro Devices, Inc.	Technology	0.4%
TSM		0.4%
MRVL Marvell Technology Group Ltd.	Technology	0.4%
GOLF Acushnet Holdings Corp.	Consumer Cyclical	0.4%

Benchmark

Rebalance portfolio

Performance

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 Quarterly

2 Pies

Benchmark (^GSPC)

Portfolio components

Returns

	1 month	6 months	Year-To-Date	1 year	5 years (annualized)	10 years (annualized)
Benchmark	-1.29%	8.79%	12.52%	16.97%	9.79%	N/A
2 Pies	-0.86%	6.68%	9.76%	19.48%	11.27%	N/A
Portfolio components:
SAIA	-6.38%	42.42%	84.38%	110.64%	42.08%	N/A
ASML ASML Holding N.V.	-9.37%	-8.86%	8.24%	35.95%	25.31%	N/A
SOXX	-3.63%	8.67%	34.45%	41.34%	22.65%	N/A
VGT	-1.81%	11.81%	30.46%	31.14%	18.75%	N/A
QCLN	-4.29%	-12.99%	-9.02%	-26.86%	19.08%	N/A
PAVE Global X US Infrastructure Development ETF	-3.46%	11.95%	14.19%	30.74%	17.77%	N/A
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF	-4.21%	1.05%	19.79%	34.37%	5.66%	N/A
PANW Palo Alto Networks, Inc.	0.47%	19.30%	63.76%	41.43%	34.77%	N/A
LLY Eli Lilly and Company	0.46%	64.57%	51.69%	78.65%	51.53%	N/A
COST Costco Wholesale Corporation	5.06%	13.23%	23.06%	20.67%	19.75%	N/A
MNST Monster Beverage Corporation	-4.40%	4.77%	7.40%	25.20%	17.29%	N/A
CROX Crocs, Inc.	-9.10%	-26.95%	-20.27%	29.59%	32.77%	N/A
CDNS Cadence Design Systems, Inc.	1.15%	12.80%	43.59%	43.29%	36.60%	N/A
FANG Diamondback Energy, Inc.	1.05%	21.49%	13.72%	36.87%	18.30%	N/A
CMG Chipotle Mexican Grill, Inc.	0.17%	15.47%	35.18%	20.42%	23.17%	N/A
ORCL Oracle Corporation	-3.44%	24.85%	34.93%	71.73%	21.30%	N/A
NVO Novo Nordisk A/S	-1.48%	20.70%	38.42%	91.30%	40.62%	N/A
TMHC	-4.65%	17.18%	42.01%	83.72%	13.77%	N/A
FSLR First Solar, Inc.	-6.86%	-23.05%	8.45%	25.11%	27.07%	N/A
AMD Advanced Micro Devices, Inc.	-5.50%	-1.79%	48.53%	41.55%	34.57%	N/A
TSM	-7.07%	-7.03%	16.29%	17.79%	18.56%	N/A
MRVL Marvell Technology Group Ltd.	-8.71%	27.68%	41.78%	21.46%	21.08%	N/A
GOLF Acushnet Holdings Corp.	-4.76%	10.39%	29.09%	23.55%	21.55%	N/A
AVUV Avantis U.S. Small Cap Value ETF	-2.58%	8.86%	4.37%	17.71%	13.04%	N/A
VOO	-1.14%	9.62%	13.90%	18.91%	11.58%	N/A
SPYV	-1.12%	7.63%	8.82%	20.15%	9.54%	N/A
AVDV Avantis International Small Cap Value ETF	1.93%	5.81%	7.85%	24.68%	6.83%	N/A
SPTI	-0.52%	-3.83%	-0.36%	0.22%	-1.76%	N/A
FNDF Schwab Fundamental International Large Company Index ETF	2.35%	8.45%	12.32%	29.40%	7.36%	N/A
VTIP	0.30%	0.02%	2.18%	2.63%	2.65%	N/A
VGSH	0.15%	-0.47%	1.59%	2.30%	0.16%	N/A
Returns over 1 year are annualized

Asset Correlations Table

The table below shows the correlation coefficients between the assets in the portfolio.

	VGSH	SPTI	VTIP	LLY	NVO	FANG	FSLR	COST	ORCL	PANW	GOLF	MNST	CMG	TMHC	CROX	SAIA	AMD	TSM	CDNS	MRVL	AVUV	QCLN	ASML	AVDV	FNDF	PAVE	SPYV	SOXX	BOTZ	VGT	VOO
VGSH	1.00	0.83	0.50	-0.00	0.02	-0.13	-0.02	0.05	-0.02	0.01	-0.05	0.03	0.05	0.10	-0.01	-0.04	-0.02	-0.06	0.02	-0.03	-0.12	-0.03	0.01	-0.05	-0.07	-0.08	-0.07	-0.03	0.01	-0.01	-0.04
SPTI	0.83	1.00	0.49	0.00	0.03	-0.20	-0.03	0.05	-0.04	0.02	-0.05	0.01	0.06	0.09	-0.03	-0.08	0.00	-0.08	0.02	-0.04	-0.19	-0.05	0.01	-0.09	-0.12	-0.14	-0.13	-0.06	-0.02	-0.02	-0.07
VTIP	0.50	0.49	1.00	0.10	0.09	0.19	0.12	0.15	0.10	0.12	0.13	0.17	0.19	0.20	0.13	0.10	0.12	0.08	0.15	0.10	0.15	0.16	0.16	0.25	0.21	0.17	0.18	0.14	0.19	0.17	0.20
LLY	-0.00	0.00	0.10	1.00	0.43	0.10	0.13	0.30	0.32	0.17	0.15	0.31	0.20	0.18	0.12	0.18	0.21	0.14	0.27	0.19	0.20	0.17	0.25	0.23	0.24	0.26	0.35	0.23	0.24	0.31	0.37
NVO	0.02	0.03	0.09	0.43	1.00	0.07	0.19	0.29	0.29	0.26	0.20	0.30	0.25	0.24	0.22	0.26	0.28	0.23	0.37	0.24	0.18	0.25	0.35	0.30	0.31	0.26	0.30	0.30	0.36	0.37	0.38
FANG	-0.13	-0.20	0.19	0.10	0.07	1.00	0.29	0.07	0.20	0.16	0.26	0.14	0.17	0.29	0.32	0.29	0.21	0.28	0.16	0.26	0.67	0.37	0.26	0.52	0.52	0.54	0.52	0.33	0.34	0.26	0.40
FSLR	-0.02	-0.03	0.12	0.13	0.19	0.29	1.00	0.30	0.26	0.36	0.29	0.29	0.34	0.32	0.36	0.36	0.38	0.40	0.42	0.45	0.41	0.69	0.43	0.40	0.39	0.42	0.39	0.48	0.48	0.47	0.47
COST	0.05	0.05	0.15	0.30	0.29	0.07	0.30	1.00	0.42	0.39	0.35	0.52	0.40	0.34	0.35	0.38	0.42	0.35	0.52	0.42	0.34	0.40	0.47	0.36	0.38	0.42	0.50	0.51	0.48	0.59	0.61
ORCL	-0.02	-0.04	0.10	0.32	0.29	0.20	0.26	0.42	1.00	0.40	0.37	0.44	0.37	0.34	0.31	0.40	0.39	0.38	0.49	0.39	0.44	0.36	0.44	0.44	0.48	0.48	0.57	0.47	0.50	0.59	0.62
PANW	0.01	0.02	0.12	0.17	0.26	0.16	0.36	0.39	0.40	1.00	0.32	0.41	0.50	0.34	0.38	0.37	0.49	0.41	0.58	0.52	0.33	0.55	0.52	0.39	0.38	0.38	0.40	0.56	0.56	0.64	0.57
GOLF	-0.05	-0.05	0.13	0.15	0.20	0.26	0.29	0.35	0.37	0.32	1.00	0.38	0.37	0.46	0.51	0.45	0.36	0.41	0.38	0.41	0.57	0.45	0.41	0.50	0.50	0.56	0.55	0.48	0.51	0.51	0.56
MNST	0.03	0.01	0.17	0.31	0.30	0.14	0.29	0.52	0.44	0.41	0.38	1.00	0.41	0.42	0.35	0.40	0.36	0.36	0.53	0.42	0.40	0.40	0.46	0.44	0.46	0.48	0.55	0.51	0.50	0.59	0.63
CMG	0.05	0.06	0.19	0.20	0.25	0.17	0.34	0.40	0.37	0.50	0.37	0.41	1.00	0.41	0.44	0.38	0.51	0.40	0.57	0.51	0.36	0.51	0.51	0.42	0.39	0.41	0.41	0.54	0.55	0.64	0.58
TMHC	0.10	0.09	0.20	0.18	0.24	0.29	0.32	0.34	0.34	0.34	0.46	0.42	0.41	1.00	0.49	0.48	0.35	0.38	0.41	0.43	0.59	0.49	0.44	0.51	0.51	0.61	0.57	0.49	0.53	0.51	0.58
CROX	-0.01	-0.03	0.13	0.12	0.22	0.32	0.36	0.35	0.31	0.38	0.51	0.35	0.44	0.49	1.00	0.43	0.42	0.47	0.44	0.50	0.59	0.58	0.49	0.52	0.49	0.57	0.54	0.57	0.57	0.54	0.58
SAIA	-0.04	-0.08	0.10	0.18	0.26	0.29	0.36	0.38	0.40	0.37	0.45	0.40	0.38	0.48	0.43	1.00	0.37	0.39	0.45	0.45	0.60	0.53	0.48	0.52	0.53	0.63	0.57	0.53	0.57	0.54	0.60
AMD	-0.02	0.00	0.12	0.21	0.28	0.21	0.38	0.42	0.39	0.49	0.36	0.36	0.51	0.35	0.42	0.37	1.00	0.63	0.64	0.69	0.39	0.61	0.67	0.44	0.43	0.41	0.43	0.79	0.64	0.74	0.61
TSM	-0.06	-0.08	0.08	0.14	0.23	0.28	0.40	0.35	0.38	0.41	0.41	0.36	0.40	0.38	0.47	0.39	0.63	1.00	0.58	0.66	0.48	0.60	0.71	0.55	0.56	0.49	0.51	0.79	0.64	0.69	0.62
CDNS	0.02	0.02	0.15	0.27	0.37	0.16	0.42	0.52	0.49	0.58	0.38	0.53	0.57	0.41	0.44	0.45	0.64	0.58	1.00	0.64	0.38	0.60	0.70	0.49	0.48	0.48	0.50	0.75	0.69	0.81	0.71
MRVL	-0.03	-0.04	0.10	0.19	0.24	0.26	0.45	0.42	0.39	0.52	0.41	0.42	0.51	0.43	0.50	0.45	0.69	0.66	0.64	1.00	0.51	0.65	0.72	0.53	0.53	0.54	0.54	0.85	0.70	0.77	0.68
AVUV	-0.12	-0.19	0.15	0.20	0.18	0.67	0.41	0.34	0.44	0.33	0.57	0.40	0.36	0.59	0.59	0.60	0.39	0.48	0.38	0.51	1.00	0.63	0.50	0.77	0.79	0.91	0.86	0.60	0.67	0.57	0.75
QCLN	-0.03	-0.05	0.16	0.17	0.25	0.37	0.69	0.40	0.36	0.55	0.45	0.40	0.51	0.49	0.58	0.53	0.61	0.60	0.60	0.65	0.63	1.00	0.63	0.62	0.59	0.63	0.58	0.73	0.76	0.72	0.70
ASML	0.01	0.01	0.16	0.25	0.35	0.26	0.43	0.47	0.44	0.52	0.41	0.46	0.51	0.44	0.49	0.48	0.67	0.71	0.70	0.72	0.50	0.63	1.00	0.62	0.63	0.56	0.57	0.86	0.75	0.79	0.72
AVDV	-0.05	-0.09	0.25	0.23	0.30	0.52	0.40	0.36	0.44	0.39	0.50	0.44	0.42	0.51	0.52	0.52	0.44	0.55	0.49	0.53	0.77	0.62	0.62	1.00	0.94	0.76	0.79	0.63	0.77	0.63	0.76
FNDF	-0.07	-0.12	0.21	0.24	0.31	0.52	0.39	0.38	0.48	0.38	0.50	0.46	0.39	0.51	0.49	0.53	0.43	0.56	0.48	0.53	0.79	0.59	0.63	0.94	1.00	0.78	0.83	0.64	0.77	0.64	0.78
PAVE	-0.08	-0.14	0.17	0.26	0.26	0.54	0.42	0.42	0.48	0.38	0.56	0.48	0.41	0.61	0.57	0.63	0.41	0.49	0.48	0.54	0.91	0.63	0.56	0.76	0.78	1.00	0.89	0.64	0.70	0.63	0.80
SPYV	-0.07	-0.13	0.18	0.35	0.30	0.52	0.39	0.50	0.57	0.40	0.55	0.55	0.41	0.57	0.54	0.57	0.43	0.51	0.50	0.54	0.86	0.58	0.57	0.79	0.83	0.89	1.00	0.65	0.72	0.69	0.89
SOXX	-0.03	-0.06	0.14	0.23	0.30	0.33	0.48	0.51	0.47	0.56	0.48	0.51	0.54	0.49	0.57	0.53	0.79	0.79	0.75	0.85	0.60	0.73	0.86	0.63	0.64	0.64	0.65	1.00	0.81	0.89	0.81
BOTZ	0.01	-0.02	0.19	0.24	0.36	0.34	0.48	0.48	0.50	0.56	0.51	0.50	0.55	0.53	0.57	0.57	0.64	0.64	0.69	0.70	0.67	0.76	0.75	0.77	0.77	0.70	0.72	0.81	1.00	0.83	0.84
VGT	-0.01	-0.02	0.17	0.31	0.37	0.26	0.47	0.59	0.59	0.64	0.51	0.59	0.64	0.51	0.54	0.54	0.74	0.69	0.81	0.77	0.57	0.72	0.79	0.63	0.64	0.63	0.69	0.89	0.83	1.00	0.91
VOO	-0.04	-0.07	0.20	0.37	0.38	0.40	0.47	0.61	0.62	0.57	0.56	0.63	0.58	0.58	0.58	0.60	0.61	0.62	0.71	0.68	0.75	0.70	0.72	0.76	0.78	0.80	0.89	0.81	0.84	0.91	1.00

Sharpe Ratio

The current 2 Pies Sharpe ratio is 1.06. A Sharpe ratio greater than 1.0 is considered acceptable.

The Sharpe ratio of 2 Pies lies between the 25th and 75th percentiles. It indicates that the portfolio's risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

2 Pies

Benchmark (^GSPC)

Portfolio components

Dividend yield

2 Pies granted a 2.21% dividend yield in the last twelve months.

	TTM	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
2 Pies	2.21%	2.19%	1.78%	1.64%	1.71%	1.86%	1.54%	1.47%	1.46%	1.33%	1.14%	1.53%
Portfolio components:
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.	1.04%	1.19%	0.50%	0.56%	1.22%	0.97%	0.68%	0.98%	0.78%	0.72%	0.68%	21.46%
SOXX	0.98%	1.26%	0.65%	0.83%	1.28%	1.44%	0.96%	1.16%	1.40%	1.72%	1.32%	1.41%
VGT	0.74%	0.91%	0.65%	0.84%	1.14%	1.35%	1.04%	1.40%	1.39%	1.23%	1.17%	1.35%
QCLN	0.76%	0.33%	0.01%	0.31%	0.86%	1.05%	0.46%	1.29%	0.76%	0.83%	0.44%	1.35%
PAVE Global X US Infrastructure Development ETF	0.73%	0.84%	0.49%	0.45%	0.68%	0.80%	0.31%	0.00%	0.00%	0.00%	0.00%	0.00%
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF	0.22%	0.23%	0.17%	0.19%	0.84%	1.47%	0.01%	0.06%	0.00%	0.00%	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	0.79%	1.08%	1.26%	1.82%	2.08%	2.10%	2.73%	3.16%	2.77%	3.41%	4.76%	5.11%
COST Costco Wholesale Corporation	0.69%	0.77%	0.55%	3.45%	0.91%	1.16%	5.18%	1.24%	4.66%	1.16%	1.23%	10.00%
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.	4.57%	6.77%	1.80%	3.49%	0.86%	0.45%	0.00%	0.00%	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	1.32%	1.58%	1.42%	1.55%	1.83%	1.82%	1.67%	1.74%	1.77%	1.23%	0.73%	1.48%
NVO Novo Nordisk A/S	2.27%	2.01%	2.30%	2.02%	2.36%	2.24%	1.76%	3.41%	1.11%	1.75%	1.52%	1.41%
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	1.67%	1.95%	1.27%	1.29%	2.93%	3.09%	2.63%	3.04%	3.04%	2.19%	2.87%	2.96%
MRVL Marvell Technology Group Ltd.	0.46%	0.65%	0.21%	0.51%	0.92%	1.53%	1.17%	1.83%	2.93%	1.82%	1.87%	2.83%
GOLF Acushnet Holdings Corp.	1.41%	1.72%	1.28%	1.59%	1.83%	2.68%	2.52%	0.00%	0.00%	0.00%	0.00%	0.00%
AVUV Avantis U.S. Small Cap Value ETF	1.91%	1.76%	1.32%	1.26%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VOO	1.56%	1.71%	1.28%	1.60%	1.99%	2.23%	1.96%	2.26%	2.41%	2.17%	2.19%	2.65%
SPYV	1.97%	2.25%	2.18%	2.53%	2.45%	3.32%	3.19%	2.83%	3.08%	2.73%	2.49%	3.23%
AVDV Avantis International Small Cap Value ETF	3.29%	3.23%	2.52%	1.80%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPTI	2.59%	1.47%	0.55%	0.78%	2.11%	2.11%	1.59%	1.36%	1.32%	1.19%	1.68%	2.42%
FNDF Schwab Fundamental International Large Company Index ETF	3.10%	3.14%	3.69%	2.35%	3.54%	3.96%	2.74%	2.93%	2.57%	2.32%	0.62%	0.00%
VTIP	5.07%	6.89%	5.04%	1.35%	2.23%	2.85%	1.81%	0.92%	0.00%	1.00%	0.06%	0.13%
VGSH	2.71%	1.17%	0.69%	1.81%	2.41%	1.94%	1.21%	0.92%	0.79%	0.52%	0.38%	0.60%

Expense Ratio

The 2 Pies features an expense ratio of 0.13%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

BOTZ

Global X Robotics & Artificial Intelligence Thematic ETF

0.68%

0.00%2.15%

PAVE

Global X US Infrastructure Development ETF

0.47%

0.00%2.15%

AVDV

Avantis International Small Cap Value ETF

0.36%

0.00%2.15%

AVUV

Avantis U.S. Small Cap Value ETF

0.25%

0.00%2.15%

FNDF

Schwab Fundamental International Large Company Index ETF

0.25%

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 ratio	Sortino ratio	Omega ratio	Calmar ratio	Ulcer Index
SAIA	N/A
ASML ASML Holding N.V.	0.70
SOXX	N/A
VGT	N/A
QCLN	N/A
PAVE Global X US Infrastructure Development ETF	1.15
BOTZ Global X Robotics & Artificial Intelligence Thematic ETF	1.13
PANW Palo Alto Networks, Inc.	0.82
LLY Eli Lilly and Company	3.11
COST Costco Wholesale Corporation	0.64
MNST Monster Beverage Corporation	1.16
CROX Crocs, Inc.	0.21
CDNS Cadence Design Systems, Inc.	1.19
FANG Diamondback Energy, Inc.	0.60
CMG Chipotle Mexican Grill, Inc.	0.42
ORCL Oracle Corporation	2.29
NVO Novo Nordisk A/S	2.96
TMHC	N/A
FSLR First Solar, Inc.	0.41
AMD Advanced Micro Devices, Inc.	0.56
TSM	N/A
MRVL Marvell Technology Group Ltd.	0.26
GOLF Acushnet Holdings Corp.	0.54
AVUV Avantis U.S. Small Cap Value ETF	0.50
VOO	N/A
SPYV	N/A
AVDV Avantis International Small Cap Value ETF	1.10
SPTI	N/A
FNDF Schwab Fundamental International Large Company Index ETF	1.46
VTIP	N/A
VGSH	N/A

Drawdowns Chart

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

2 Pies

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the 2 Pies. 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 2 Pies is 31.16%, recorded on Mar 23, 2020. It took 114 trading sessions for the portfolio to recover.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-31.16%	Jan 21, 2020	44	Mar 23, 2020	114	Sep 2, 2020	158
-19.05%	Jan 5, 2022	186	Sep 30, 2022	177	Jun 15, 2023	363
-6.51%	Sep 3, 2020	14	Sep 23, 2020	12	Oct 9, 2020	26
-5.71%	Oct 13, 2020	12	Oct 28, 2020	8	Nov 9, 2020	20
-5.51%	Nov 9, 2021	16	Dec 1, 2021	23	Jan 4, 2022	39

Volatility Chart

The current 2 Pies volatility is 2.88%, 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 Pies

Benchmark (^GSPC)

Portfolio components