Project FIRE

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Project FIRE

Currency in USD · Last updated May 16, 2025

Asset Allocation

Position	Category/Sector	Target Weight
AGG iShares Core U.S. Aggregate Bond ETF	Total Bond Market	7.50%
GLDM SPDR Gold MiniShares Trust	Precious Metals, Gold	7.50%
JEPI JPMorgan Equity Premium Income ETF	Actively Managed, Dividend, Derivative Income	7.50%
SCHD Schwab US Dividend Equity ETF	Large Cap Growth Equities, Dividend	20%
SGOV iShares 0-3 Month Treasury Bond ETF	Government Bonds	10%
SPMO Invesco S&P 500® Momentum ETF	Large Cap Growth Equities	20%
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	Options Trading	10%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	7.50%
XMMO Invesco S&P MidCap Momentum ETF	Mid Cap Growth Equities	5%
XSMO Invesco S&P SmallCap Momentum ETF	Small Cap Growth Equities	5%

Benchmark

Rebalance

Performance

Performance Chart

Loading data...

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	0.60%	9.64%	-0.54%	11.47%	15.67%	10.79%
Project FIRE	5.12%	5.93%	3.32%	12.13%	N/A	N/A
Portfolio components:
SPMO Invesco S&P 500® Momentum ETF	10.31%	15.55%	10.03%	29.33%	22.45%	N/A
XMMO Invesco S&P MidCap Momentum ETF	1.20%	12.50%	-2.83%	6.64%	19.11%	15.09%
XSMO Invesco S&P SmallCap Momentum ETF	0.55%	11.23%	-5.75%	8.55%	17.41%	10.75%
SCHD Schwab US Dividend Equity ETF	-2.42%	3.89%	-6.83%	2.69%	13.79%	10.54%
JEPI JPMorgan Equity Premium Income ETF	-0.06%	3.57%	-2.52%	5.64%	N/A	N/A
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	2.04%	-0.40%	0.55%	3.03%	N/A	N/A
AGG iShares Core U.S. Aggregate Bond ETF	2.03%	0.11%	1.90%	4.30%	-0.92%	1.49%
GLDM SPDR Gold MiniShares Trust	23.10%	0.00%	25.86%	35.25%	13.01%	N/A
SGOV iShares 0-3 Month Treasury Bond ETF	1.55%	0.33%	2.16%	4.83%	N/A	N/A
VEA Vanguard FTSE Developed Markets ETF	14.24%	8.07%	12.77%	9.59%	12.69%	5.69%

*Annualized

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%	0.81%	-1.57%	-0.55%	3.27%								5.12%
2024	1.10%	3.99%	3.73%	-3.40%	3.52%	1.59%	3.12%	2.01%	1.61%	-0.71%	3.77%	-3.77%	17.42%
2023	3.14%	-3.10%	1.50%	0.84%	-2.79%	3.76%	2.09%	-0.66%	-2.97%	-2.07%	6.30%	4.77%	10.72%
2022								-2.70%	-6.16%	6.50%	5.20%	-2.65%	-0.40%

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.

XSMO

Invesco S&P SmallCap Momentum ETF

JEPI

JPMorgan Equity Premium Income ETF

TLTW

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

XMMO

Invesco S&P MidCap Momentum ETF

GLDM

SPDR Gold MiniShares Trust

SPMO

Invesco S&P 500® Momentum ETF

SCHD

Schwab US Dividend Equity ETF

AGG

iShares Core U.S. Aggregate Bond ETF

VEA

Vanguard FTSE Developed Markets ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 80, Project FIRE is among the top 20% 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.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
SPMO Invesco S&P 500® Momentum ETF	1.18	1.86	1.27	1.62	5.84
XMMO Invesco S&P MidCap Momentum ETF	0.27	0.69	1.09	0.37	1.09
XSMO Invesco S&P SmallCap Momentum ETF	0.34	0.79	1.10	0.43	1.21
SCHD Schwab US Dividend Equity ETF	0.17	0.41	1.05	0.21	0.68
JEPI JPMorgan Equity Premium Income ETF	0.41	0.70	1.11	0.45	1.94
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF	0.29	0.57	1.07	0.25	0.75
AGG iShares Core U.S. Aggregate Bond ETF	0.81	1.43	1.17	1.09	2.49
GLDM SPDR Gold MiniShares Trust	2.00	2.87	1.37	4.71	12.28
SGOV iShares 0-3 Month Treasury Bond ETF	21.07	475.39	476.39	486.75	7,726.96
VEA Vanguard FTSE Developed Markets ETF	0.56	1.05	1.14	0.85	2.57

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.

Project FIRE Sharpe ratios as of May 16, 2025 (values are recalculated daily):

1-Year: 1.01
All Time: 1.11

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.52 to 1.01, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Project FIRE compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

Loading data...

Dividends

Dividend yield

Project FIRE provided a 4.15% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	4.15%	3.91%	4.66%	3.43%	1.56%	1.71%	1.37%	1.34%	1.09%	1.40%	1.12%	1.11%
Portfolio components:
SPMO Invesco S&P 500® Momentum ETF	0.49%	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	0.49%	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	0.83%	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	3.94%	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	8.03%	7.33%	8.40%	11.68%	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	16.22%	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	3.83%	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	4.70%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VEA Vanguard FTSE Developed Markets ETF	2.87%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%	3.68%

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.

Loading data...

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 10.18%, occurring on Apr 8, 2025. Recovery took 26 trading sessions.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-10.18%	Feb 20, 2025	34	Apr 8, 2025	26	May 15, 2025	60
-9.99%	Aug 26, 2022	22	Sep 27, 2022	40	Nov 22, 2022	62
-6.44%	Aug 1, 2023	63	Oct 27, 2023	19	Nov 24, 2023	82
-5.21%	Feb 2, 2023	29	Mar 15, 2023	81	Jul 12, 2023	110
-4.46%	Jul 17, 2024	16	Aug 7, 2024	8	Aug 19, 2024	24

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 10 assets, with an effective number of assets of 7.84, 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

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

	^GSPC	SGOV	GLDM	TLTW	AGG	SPMO	SCHD	XSMO	JEPI	VEA	XMMO	Portfolio
^GSPC	1.00	0.02	0.15	0.17	0.22	0.83	0.73	0.78	0.82	0.76	0.81	0.88
SGOV	0.02	1.00	-0.02	0.05	0.06	-0.00	-0.00	-0.04	-0.02	-0.02	-0.02	-0.00
GLDM	0.15	-0.02	1.00	0.27	0.37	0.11	0.14	0.15	0.14	0.38	0.15	0.32
TLTW	0.17	0.05	0.27	1.00	0.89	0.08	0.19	0.16	0.19	0.26	0.15	0.34
AGG	0.22	0.06	0.37	0.89	1.00	0.12	0.22	0.19	0.23	0.33	0.18	0.38
SPMO	0.83	-0.00	0.11	0.08	0.12	1.00	0.57	0.71	0.71	0.62	0.78	0.84
SCHD	0.73	-0.00	0.14	0.19	0.22	0.57	1.00	0.75	0.84	0.68	0.72	0.83
XSMO	0.78	-0.04	0.15	0.16	0.19	0.71	0.75	1.00	0.73	0.71	0.91	0.86
JEPI	0.82	-0.02	0.14	0.19	0.23	0.71	0.84	0.73	1.00	0.69	0.76	0.86
VEA	0.76	-0.02	0.38	0.26	0.33	0.62	0.68	0.71	0.69	1.00	0.70	0.83
XMMO	0.81	-0.02	0.15	0.15	0.18	0.78	0.72	0.91	0.76	0.70	1.00	0.88
Portfolio	0.88	-0.00	0.32	0.34	0.38	0.84	0.83	0.86	0.86	0.83	0.88	1.00

The correlation results are calculated based on daily price changes starting from Aug 23, 2022

Performance Analysis

Risk Analysis

Optimization

Factor Model

Project FIRE

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

Community