FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25

Asset Allocation

Position	Category/Sector	Target Weight
GLD SPDR Gold Shares	Gold, Precious Metals	25%
BTC-USD Bitcoin		25%
FICO Fair Isaac Corporation	Technology	10%
EME EMCOR Group, Inc.	Industrials	10%
AXON Axon Enterprise, Inc.	Industrials	10%
TPL Texas Pacific Land Corporation	Energy	10%
SPY State Street SPDR S&P 500 ETF	S&P 500	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25, 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 year.

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Returns By Period

As of Jun 13, 2026, the FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 returned -4.80% Year-To-Date and 49.97% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	-0.93%	8.56%	8.85%	24.33%	19.37%	11.84%	13.61%
Portfolio FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25	0.33%	-7.70%	-4.80%	-6.03%	-3.67%	39.46%	26.00%	49.97%
Portfolio components:
AXON Axon Enterprise, Inc.	-1.00%	13.79%	-22.22%	-21.72%	-43.41%	30.96%	22.92%	34.58%
BTC-USD Bitcoin	1.71%	-20.43%	-26.27%	-28.52%	-39.20%	36.94%	9.74%	57.23%
EME EMCOR Group, Inc.	1.42%	-11.50%	34.68%	32.12%	72.55%	67.29%	45.87%	33.61%
FICO Fair Isaac Corporation	-0.52%	9.50%	-30.25%	-36.09%	-33.92%	13.73%	18.49%	26.62%
GLD SPDR Gold Shares	0.06%	-9.52%	-2.47%	-2.25%	22.21%	28.89%	17.08%	12.15%
SPY State Street SPDR S&P 500 ETF	0.54%	-0.86%	9.07%	9.42%	25.67%	20.86%	13.36%	15.42%
TPL Texas Pacific Land Corporation	2.53%	-1.82%	32.28%	35.91%	4.22%	38.06%	18.80%	36.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 28, 2012, FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25's average daily return is +0.16%, while the average monthly return is +6.27%. At this rate, an investment would double in approximately 0.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2013 with a return of +379.6%, while the worst month was Dec 2013 at -37.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 closed higher 55% of trading days. The best single day was Nov 18, 2013 with a return of +44.3%, while the worst single day was Apr 10, 2013 at -23.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.80%	5.80%	-8.42%	3.75%	-1.29%	-5.76%							-4.80%
2025	6.40%	-5.82%	-0.48%	7.24%	4.06%	3.59%	0.40%	-0.37%	5.12%	1.72%	-6.17%	-0.19%	15.47%
2024	-0.21%	19.30%	9.45%	-5.09%	5.94%	0.70%	5.16%	1.78%	6.80%	8.55%	23.57%	-9.91%	82.24%
2023	13.46%	-0.72%	10.36%	0.62%	-3.68%	5.74%	1.51%	-0.39%	-2.27%	10.35%	8.33%	6.95%	60.94%
2022	-6.79%	4.12%	2.85%	-9.74%	-2.53%	-10.01%	10.45%	-2.78%	-4.09%	12.99%	10.62%	-4.31%	-2.65%
2021	5.94%	13.39%	15.79%	1.51%	-12.44%	0.93%	4.78%	1.30%	-6.54%	14.74%	-4.89%	-4.20%	29.43%

Benchmark Metrics

FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 has an annualized alpha of 53.50%, beta of 0.69, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since September 28, 2012.

This portfolio captured 241.59% of S&P 500 Index gains but only 49.35% of its losses - a favorable profile for investors.
Beta of 0.69 may look defensive, but with R2 of 0.09 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R2 of 0.09 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha: 53.50%

Beta: 0.69

R²: 0.09

Upside Capture: 241.59%

Downside Capture: 49.35%

See how alpha, beta & R² have trended over time →

Expense Ratio

FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 has an expense ratio of 0.11%, 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.

GLD

SPDR Gold Shares

SPY

State Street SPDR S&P 500 ETF

Return for Risk

Risk / Return Rank

FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 ranks 4 for risk / return — in the bottom 4% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	-0.19	1.86	-2.05
Sortino ratioReturn per unit of downside risk	-0.13	2.53	-2.66
Omega ratioGain probability vs. loss probability	0.99	1.34	-0.35
Calmar ratioReturn relative to maximum drawdown	-0.23	2.53	-2.76
Martin ratioReturn relative to average drawdown	-0.55	11.37	-11.92

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AXON Axon Enterprise, Inc.	13	-0.78	-1.04	0.87	-0.72	-1.22
BTC-USD Bitcoin	34	-0.92	-1.27	0.87	-0.77	-1.33
EME EMCOR Group, Inc.	84	1.92	2.31	1.35	2.94	7.26
FICO Fair Isaac Corporation	15	-0.67	-0.76	0.90	-0.65	-1.24
GLD SPDR Gold Shares	25	0.87	1.24	1.18	0.98	2.81
SPY State Street SPDR S&P 500 ETF	67	1.98	2.68	1.36	2.74	12.39
TPL Texas Pacific Land Corporation	44	0.09	0.46	1.06	0.13	0.25

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

The current FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 Sharpe ratio is -0.19 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.54 to 2.41, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 provided a 0.18% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.18%	0.20%	0.28%	0.25%	0.34%	0.25%	0.41%	0.23%	0.31%	0.25%	0.27%	0.30%
Portfolio components:
AXON Axon Enterprise, 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%
BTC-USD Bitcoin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EME EMCOR Group, Inc.	0.16%	0.16%	0.20%	0.32%	0.36%	0.41%	0.35%	0.37%	0.54%	0.39%	0.45%	0.67%
FICO Fair Isaac Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.07%	0.08%
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	1.00%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
TPL Texas Pacific Land Corporation	0.60%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%

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 FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25. 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 FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 was 59.85%, occurring on Apr 16, 2013. Recovery took 189 trading sessions.

The current FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 drawdown is 14.29%.

Related event	Drawdown	Fall	Recovery	Underwater
2013 bear market2013	-59.85%Apr 2013	6d	6mo 10d	6mo 16dApr 2013 - Oct 2013
2013 bear market2013	-54.00%Dec 2013	13d	3y 6d	3y 19dDec 2013 - Dec 2016
Rate-hike selloffLate 2018	-40.64%Dec 2018	1y 8d	5mo 24d	1y 6moDec 2017 - Jun 2019
COVID crash2020	-37.83%Mar 2020	8mo 25d	4mo 11d	1y 1moJun 2019 - Jul 2020
Bear market2022	-33.88%Jun 2022	7mo 10d	9mo 2d	1y 4moNov 2021 - Mar 2023

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 5.71, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.88	1.75	1.66	1.64	1.66

The portfolio has a diversification ratio of 1.66, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 correlation to the S&P 500 Index

FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 has a 0.65 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Sep 28, 2012	0.44

Benchmark Correlations

Correlation vs. S&P 500 Index. SPY has the highest benchmark correlation at 1.00, while GLD has the lowest at 0.02.

0.02

0.16

0.30

0.44

0.57

0.60

1.00

Portfolio Correlations

Correlation vs. FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25. BTC-USD has the highest portfolio correlation at 0.81, while GLD has the lowest at 0.18.

0.18

0.31

0.32

0.32

0.35

0.38

0.81

Asset Correlations Table

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

	GLD	BTC-USD	TPL	AXON	FICO	EME	SPY
GLD	1.00	0.07	0.02	-0.00	0.01	0.00	0.02
BTC-USD	0.07	1.00	0.07	0.06	0.07	0.09	0.13
TPL	0.02	0.07	1.00	0.17	0.15	0.24	0.28
AXON	-0.00	0.06	0.17	1.00	0.36	0.32	0.41
FICO	0.01	0.07	0.15	0.36	1.00	0.35	0.53
EME	0.00	0.09	0.24	0.32	0.35	1.00	0.56
SPY	0.02	0.13	0.28	0.41	0.53	0.56	1.00

The correlation results are calculated based on daily price changes starting from Sep 28, 2012

Diversification Analysis

Find what FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 is missing

See which holdings overlap, where FICO10 TPL10 EME10 AXON10 SPY10 GLD25 BTC25 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification