Project FIRE
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Project FIRE, 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.
The earliest data available for this chart is Aug 22, 2022, corresponding to the inception date of TLTW
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.71% | -9.92% | 6.35% | 13.40% | 9.65% |
| Project FIRE | -2.37% | -4.06% | -3.98% | 10.71% | N/A | N/A |
| Portfolio components: | ||||||
SPMO Invesco S&P 500® Momentum ETF | -6.93% | -6.31% | -5.81% | 18.63% | 18.95% | N/A |
XMMO Invesco S&P MidCap Momentum ETF | -11.00% | -4.93% | -11.85% | 3.39% | 17.03% | 13.61% |
XSMO Invesco S&P SmallCap Momentum ETF | -10.46% | -4.96% | -12.00% | 5.51% | 15.16% | 9.43% |
SCHD Schwab US Dividend Equity ETF | -6.12% | -8.23% | -10.14% | 3.31% | 13.20% | 10.23% |
JEPI JPMorgan Equity Premium Income ETF | -4.83% | -5.45% | -6.76% | 4.47% | N/A | N/A |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 2.49% | -2.70% | -1.78% | 6.76% | N/A | N/A |
AGG iShares Core U.S. Aggregate Bond ETF | 1.98% | -0.68% | 0.25% | 6.56% | -0.90% | 1.38% |
GLDM SPDR Gold MiniShares Trust | 26.52% | 9.07% | 22.04% | 38.92% | 14.28% | N/A |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.27% | 0.36% | 2.21% | 4.89% | N/A | N/A |
Monthly Returns
The table below presents the monthly returns of Project FIRE, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.15% | 0.66% | -2.01% | -4.05% | -2.37% | ||||||||
| 2024 | 1.50% | 4.49% | 3.86% | -3.51% | 3.58% | 2.04% | 3.04% | 2.04% | 1.60% | -0.18% | 4.26% | -3.82% | 20.13% |
| 2023 | 2.34% | -3.12% | 1.19% | 0.72% | -2.97% | 3.96% | 2.19% | -0.23% | -2.82% | -1.98% | 6.30% | 4.95% | 10.44% |
| 2022 | -2.88% | -5.97% | 7.43% | 4.62% | -2.72% | -0.16% |
Expense Ratio
Project FIRE has an expense ratio of 0.16%, 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
With an overall rank of 77, Project FIRE is among the top 23% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
SPMO Invesco S&P 500® Momentum ETF | 0.56 | 0.93 | 1.13 | 0.68 | 2.67 |
XMMO Invesco S&P MidCap Momentum ETF | 0.05 | 0.24 | 1.03 | 0.05 | 0.17 |
XSMO Invesco S&P SmallCap Momentum ETF | 0.17 | 0.44 | 1.05 | 0.17 | 0.55 |
SCHD Schwab US Dividend Equity ETF | 0.27 | 0.48 | 1.07 | 0.27 | 1.05 |
JEPI JPMorgan Equity Premium Income ETF | 0.30 | 0.51 | 1.08 | 0.30 | 1.54 |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 0.73 | 1.02 | 1.14 | 0.43 | 1.48 |
AGG iShares Core U.S. Aggregate Bond ETF | 1.29 | 1.88 | 1.22 | 1.42 | 3.31 |
GLDM SPDR Gold MiniShares Trust | 2.37 | 3.14 | 1.41 | 4.79 | 12.97 |
SGOV iShares 0-3 Month Treasury Bond ETF | 21.61 | 490.28 | 491.28 | 502.33 | 7,974.31 |
Dividends
Dividend yield
Project FIRE provided a 3.76% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.76% | 3.50% | 4.19% | 3.25% | 1.49% | 1.78% | 1.36% | 1.29% | 1.05% | 1.41% | 1.07% | 0.96% |
| Portfolio components: | ||||||||||||
SPMO Invesco S&P 500® Momentum ETF | 0.58% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% | 0.00% |
XMMO Invesco S&P MidCap Momentum ETF | 0.56% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
XSMO Invesco S&P SmallCap Momentum ETF | 0.93% | 0.63% | 0.96% | 1.19% | 0.30% | 0.82% | 0.69% | 0.65% | 0.28% | 0.30% | 0.35% | 1.31% |
SCHD Schwab US Dividend Equity ETF | 4.09% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% |
JEPI JPMorgan Equity Premium Income ETF | 8.06% | 7.33% | 8.40% | 11.67% | 6.59% | 5.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 15.34% | 14.47% | 19.59% | 8.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AGG iShares Core U.S. Aggregate Bond ETF | 3.79% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
GLDM SPDR Gold MiniShares 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.79% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Project FIRE. 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 Project FIRE was 11.03%, occurring on Apr 8, 2025. The portfolio has not yet recovered.
The current Project FIRE drawdown is 6.82%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.03% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -9.91% | Aug 26, 2022 | 22 | Sep 27, 2022 | 40 | Nov 22, 2022 | 62 |
| -6% | Sep 15, 2023 | 31 | Oct 27, 2023 | 16 | Nov 20, 2023 | 47 |
| -5.82% | Dec 5, 2022 | 71 | Mar 17, 2023 | 84 | Jul 19, 2023 | 155 |
| -4.68% | Jul 17, 2024 | 16 | Aug 7, 2024 | 8 | Aug 19, 2024 | 24 |
Volatility
Volatility Chart
The current Project FIRE volatility is 8.97%, 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.
Diversification
Asset Correlations Table
| SGOV | GLDM | TLTW | AGG | SPMO | SCHD | XSMO | JEPI | XMMO | |
|---|---|---|---|---|---|---|---|---|---|
| SGOV | 1.00 | -0.01 | 0.05 | 0.07 | -0.01 | -0.01 | -0.04 | -0.02 | -0.03 |
| GLDM | -0.01 | 1.00 | 0.28 | 0.38 | 0.14 | 0.16 | 0.17 | 0.16 | 0.18 |
| TLTW | 0.05 | 0.28 | 1.00 | 0.89 | 0.07 | 0.18 | 0.15 | 0.18 | 0.15 |
| AGG | 0.07 | 0.38 | 0.89 | 1.00 | 0.12 | 0.21 | 0.19 | 0.23 | 0.19 |
| SPMO | -0.01 | 0.14 | 0.07 | 0.12 | 1.00 | 0.57 | 0.71 | 0.71 | 0.78 |
| SCHD | -0.01 | 0.16 | 0.18 | 0.21 | 0.57 | 1.00 | 0.75 | 0.84 | 0.72 |
| XSMO | -0.04 | 0.17 | 0.15 | 0.19 | 0.71 | 0.75 | 1.00 | 0.73 | 0.91 |
| JEPI | -0.02 | 0.16 | 0.18 | 0.23 | 0.71 | 0.84 | 0.73 | 1.00 | 0.76 |
| XMMO | -0.03 | 0.18 | 0.15 | 0.19 | 0.78 | 0.72 | 0.91 | 0.76 | 1.00 |