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Next

Last updated Sep 21, 2023

Asset Allocation


BLV 20%GLD 20%AVGO 30%NVDA 30%BondBondCommodityCommodityEquityEquity
PositionCategory/SectorWeight
BLV
Vanguard Long-Term Bond ETF
Total Bond Market20%
GLD
SPDR Gold Trust
Precious Metals, Gold20%
AVGO
Broadcom Inc.
Technology30%
NVDA
NVIDIA Corporation
Technology30%

Performance

The chart shows the growth of an initial investment of $10,000 in Next, 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%10.00%20.00%30.00%AprilMayJuneJulyAugustSeptember
24.33%
11.48%
Next
Benchmark (^GSPC)
Portfolio components

Returns

As of Sep 21, 2023, the Next returned 65.99% Year-To-Date and 32.96% of annualized return in the last 10 years.


1 month6 monthsYear-To-Date1 year5 years (annualized)10 years (annualized)
Benchmark0.06%11.82%14.66%14.17%8.51%9.93%
Next-3.27%26.46%65.99%81.73%29.12%32.96%
AVGO
Broadcom Inc.
-3.47%33.07%51.23%74.38%31.90%38.60%
NVDA
NVIDIA Corporation
-10.06%59.61%189.13%220.77%45.44%60.70%
BLV
Vanguard Long-Term Bond ETF
1.44%-6.54%-1.12%-3.24%-0.35%2.45%
GLD
SPDR Gold Trust
2.01%-2.23%5.72%15.66%9.62%3.44%

Asset Correlations Table

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

GLDBLVAVGONVDA
GLD1.000.250.010.03
BLV0.251.00-0.11-0.09
AVGO0.01-0.111.000.54
NVDA0.03-0.090.541.00

Sharpe Ratio

The current Next Sharpe ratio is 2.89. A Sharpe ratio higher than 2.0 is considered very good.

-1.000.001.002.003.004.002.89

The Sharpe ratio of Next is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00AprilMayJuneJulyAugustSeptember
2.89
0.74
Next
Benchmark (^GSPC)
Portfolio components

Dividend yield

Next granted a 1.68% dividend yield in the last twelve months.


TTM20222021202020192018201720162015201420132012
Next1.68%1.81%1.44%2.31%2.12%2.22%1.71%1.79%2.02%2.15%2.78%2.62%
AVGO
Broadcom Inc.
2.71%3.08%2.35%3.30%4.01%3.65%2.36%1.88%1.54%1.71%2.43%2.56%
NVDA
NVIDIA Corporation
0.04%0.11%0.05%0.12%0.27%0.46%0.30%0.46%1.23%1.77%2.06%0.66%
BLV
Vanguard Long-Term Bond ETF
4.27%4.28%3.59%6.44%4.17%4.94%4.59%5.46%5.96%5.55%7.19%8.24%
GLD
SPDR Gold Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Expense Ratio

The Next has an expense ratio of 0.09% which is considered to be low. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.40%
0.00%2.15%
0.04%
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
AVGO
Broadcom Inc.
2.14
NVDA
NVIDIA Corporation
3.98
BLV
Vanguard Long-Term Bond ETF
-0.28
GLD
SPDR Gold Trust
1.05

Drawdowns Chart

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


-15.00%-10.00%-5.00%0.00%AprilMayJuneJulyAugustSeptember
-7.78%
-8.22%
Next
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the Next. 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 Next is 39.77%, recorded on Oct 14, 2022. It took 147 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-39.77%Dec 28, 2021202Oct 14, 2022147May 17, 2023349
-28.85%Feb 20, 202020Mar 18, 202041May 15, 202061
-19.68%Feb 22, 2011117Aug 8, 2011551Oct 16, 2013668
-19.2%Jun 15, 2018110Nov 19, 201889Apr 1, 2019199
-16.01%Apr 16, 201082Aug 11, 201056Oct 29, 2010138

Volatility Chart

The current Next volatility is 5.84%, 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%AprilMayJuneJulyAugustSeptember
5.84%
3.47%
Next
Benchmark (^GSPC)
Portfolio components