Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Classic 2023, 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.
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The earliest data available for this chart is Oct 17, 2014, corresponding to the inception date of VERX.AS
Returns By Period
As of Apr 3, 2026, the Classic 2023 returned -0.01% Year-To-Date and 8.50% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio Classic 2023 | -0.25% | -3.19% | -0.01% | 1.86% | 20.93% | 12.49% | 5.55% | 8.50% |
| Portfolio components: | ||||||||
VOO Vanguard S&P 500 ETF | 0.11% | -4.01% | -3.55% | -1.41% | 23.49% | 18.47% | 11.96% | 14.19% |
IWM iShares Russell 2000 ETF | 0.69% | -3.83% | 2.27% | 2.75% | 33.93% | 13.42% | 3.61% | 10.00% |
EEM iShares MSCI Emerging Markets ETF | -1.12% | -4.17% | 3.44% | 5.85% | 34.87% | 15.51% | 3.38% | 7.67% |
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF | -0.63% | -3.46% | -1.62% | 2.06% | 21.05% | 13.93% | 8.52% | 9.49% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.05% | -0.17% | 0.31% | 1.28% | 3.31% | 3.85% | 1.71% | 1.65% |
TLT iShares 20+ Year Treasury Bond ETF | 0.61% | -2.26% | 0.69% | -0.72% | -1.22% | -2.76% | -5.75% | -1.34% |
IEI iShares 3-7 Year Treasury Bond ETF | 0.13% | -0.79% | -0.00% | 0.91% | 3.08% | 3.34% | 0.48% | 1.35% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 20, 2014, Classic 2023's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, your investment would double in approximately 8.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +9.4%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Classic 2023 closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +5.3%, while the worst single day was Mar 12, 2020 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.52% | 2.47% | -6.38% | 0.68% | -0.01% | ||||||||
| 2025 | 2.74% | 0.90% | -1.58% | 0.48% | 3.51% | 4.31% | 0.25% | 2.54% | 3.62% | 1.92% | 0.06% | 1.02% | 21.44% |
| 2024 | -1.23% | 2.84% | 2.56% | -2.87% | 3.54% | 1.30% | 2.20% | 1.68% | 2.43% | -2.75% | 1.58% | -2.72% | 8.56% |
| 2023 | 7.09% | -3.56% | 2.65% | 0.84% | -1.78% | 4.07% | 3.12% | -3.40% | -4.01% | -2.94% | 7.89% | 4.93% | 14.81% |
| 2022 | -3.63% | -2.70% | -0.74% | -6.51% | 0.30% | -5.98% | 4.35% | -3.41% | -8.43% | 3.13% | 8.40% | -2.97% | -17.84% |
| 2021 | 0.32% | 1.13% | 1.19% | 2.84% | 1.42% | 1.09% | -0.49% | 1.55% | -3.65% | 3.27% | -2.06% | 2.47% | 9.21% |
Benchmark Metrics
Classic 2023 has an annualized alpha of 0.21%, beta of 0.61, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since October 20, 2014.
- This portfolio participated in 74.65% of S&P 500 Index downside but only 63.84% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.61 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 0.21%
- Beta
- 0.61
- R²
- 0.80
- Upside Capture
- 63.84%
- Downside Capture
- 74.65%
Expense Ratio
Classic 2023 has an expense ratio of 0.26%, 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.
Return for Risk
Risk / Return Rank
Classic 2023 ranks 71 for risk / return — better than 71% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 0.88 | +0.60 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.37 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.39 | +1.51 |
Martin ratioReturn relative to average drawdown | 12.68 | 6.43 | +6.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 53 | 0.98 | 1.49 | 1.23 | 1.53 | 7.13 |
IWM iShares Russell 2000 ETF | 58 | 1.10 | 1.64 | 1.21 | 1.99 | 7.27 |
EEM iShares MSCI Emerging Markets ETF | 76 | 1.59 | 2.16 | 1.32 | 2.38 | 8.92 |
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF | 66 | 1.10 | 1.56 | 1.22 | 2.88 | 10.93 |
SHY iShares 1-3 Year Treasury Bond ETF | 95 | 2.57 | 4.23 | 1.54 | 4.08 | 15.52 |
TLT iShares 20+ Year Treasury Bond ETF | 9 | -0.07 | -0.01 | 1.00 | -0.09 | -0.19 |
IEI iShares 3-7 Year Treasury Bond ETF | 56 | 1.17 | 1.75 | 1.21 | 1.75 | 5.54 |
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Dividends
Dividend yield
Classic 2023 provided a 2.35% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.35% | 2.35% | 2.45% | 2.32% | 2.12% | 1.48% | 1.46% | 2.28% | 2.25% | 1.89% | 1.95% | 2.09% |
| Portfolio components: | ||||||||||||
VOO Vanguard S&P 500 ETF | 1.18% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
IWM iShares Russell 2000 ETF | 1.01% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
EEM iShares MSCI Emerging Markets ETF | 2.15% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
VERX.AS Vanguard FTSE Developed Europe ex-UK UCITS ETF | 2.67% | 2.67% | 2.91% | 2.75% | 3.05% | 2.29% | 1.96% | 2.83% | 3.20% | 2.71% | 2.81% | 2.61% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.72% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
TLT iShares 20+ Year Treasury Bond ETF | 4.51% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.58% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Classic 2023. 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 Classic 2023 was 25.93%, occurring on Oct 14, 2022. Recovery took 445 trading sessions.
The current Classic 2023 drawdown is 6.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.93% | Nov 9, 2021 | 243 | Oct 14, 2022 | 445 | Jul 5, 2024 | 688 |
| -23.5% | Jan 21, 2020 | 42 | Mar 18, 2020 | 84 | Jul 15, 2020 | 126 |
| -16.34% | Apr 29, 2015 | 188 | Jan 20, 2016 | 262 | Jan 24, 2017 | 450 |
| -15.54% | Jan 29, 2018 | 235 | Dec 24, 2018 | 217 | Oct 28, 2019 | 452 |
| -10.99% | Feb 19, 2025 | 35 | Apr 8, 2025 | 23 | May 12, 2025 | 58 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 7 assets, with an effective number of assets of 5.52, 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
| Benchmark | SHY | TLT | IEI | VERX.AS | EEM | IWM | VOO | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.08 | -0.14 | -0.13 | 0.51 | 0.69 | 0.82 | 1.00 | 0.86 |
| SHY | -0.08 | 1.00 | 0.61 | 0.88 | 0.00 | -0.03 | -0.07 | -0.08 | 0.04 |
| TLT | -0.14 | 0.61 | 1.00 | 0.82 | -0.05 | -0.11 | -0.14 | -0.14 | -0.01 |
| IEI | -0.13 | 0.88 | 0.82 | 1.00 | -0.01 | -0.08 | -0.13 | -0.13 | 0.01 |
| VERX.AS | 0.51 | 0.00 | -0.05 | -0.01 | 1.00 | 0.55 | 0.47 | 0.50 | 0.72 |
| EEM | 0.69 | -0.03 | -0.11 | -0.08 | 0.55 | 1.00 | 0.62 | 0.69 | 0.89 |
| IWM | 0.82 | -0.07 | -0.14 | -0.13 | 0.47 | 0.62 | 1.00 | 0.82 | 0.79 |
| VOO | 1.00 | -0.08 | -0.14 | -0.13 | 0.50 | 0.69 | 0.82 | 1.00 | 0.86 |
| Portfolio | 0.86 | 0.04 | -0.01 | 0.01 | 0.72 | 0.89 | 0.79 | 0.86 | 1.00 |