Core/Stock Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
AXP American Express Company	Financial Services	4%
CAH Cardinal Health, Inc.	Healthcare	4%
CAT Caterpillar Inc.	Industrials	4%
EFV iShares MSCI EAFE Value ETF	Foreign Large Cap Equities	30%
GS The Goldman Sachs Group, Inc.	Financial Services	4%
IEMG iShares Core MSCI Emerging Markets ETF	Emerging Markets Diversified	30%
LLY Eli Lilly and Company	Healthcare	4%
LRCX Lam Research Corporation	Technology	4%
NEM Newmont Goldcorp Corporation	Basic Materials	4%
NOC Northrop Grumman Corporation	Industrials	4%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	4%
XOM Exxon Mobil Corporation	Energy	4%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Core/Stock Portfolio, 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 month.

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The earliest data available for this chart is Oct 24, 2012, corresponding to the inception date of IEMG

Returns By Period

As of Apr 4, 2026, the Core/Stock Portfolio returned 7.05% Year-To-Date and 15.94% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.63%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio Core/Stock Portfolio	-0.58%	-0.47%	7.05%	15.92%	64.42%	27.50%	16.75%	15.94%
Portfolio components:
EFV iShares MSCI EAFE Value ETF	-0.35%	0.47%	5.04%	11.68%	44.76%	20.46%	12.60%	9.75%
IEMG iShares Core MSCI Emerging Markets ETF	-1.02%	-1.88%	3.48%	5.73%	42.53%	15.85%	4.31%	8.31%
AXP American Express Company	-0.11%	-1.98%	-18.42%	-8.38%	29.80%	23.99%	17.15%	19.06%
CAH Cardinal Health, Inc.	0.96%	-0.67%	4.67%	39.26%	66.99%	43.13%	31.59%	13.07%
LLY Eli Lilly and Company	-1.98%	-4.85%	-12.80%	11.75%	27.67%	39.72%	39.64%	31.19%
CAT Caterpillar Inc.	-1.79%	1.58%	25.49%	44.82%	152.39%	48.52%	27.57%	28.19%
LRCX Lam Research Corporation	-1.61%	1.75%	27.76%	50.24%	272.38%	62.76%	29.23%	40.66%
XOM Exxon Mobil Corporation	-0.06%	6.59%	34.42%	44.07%	59.30%	15.29%	27.66%	11.56%
GS The Goldman Sachs Group, Inc.	0.33%	3.30%	-1.30%	10.37%	87.11%	41.69%	24.33%	20.98%
TSM Taiwan Semiconductor Manufacturing Company Limited	-0.72%	-3.92%	11.88%	16.66%	133.75%	56.27%	24.16%	32.63%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 25, 2012, Core/Stock Portfolio's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, your investment would double in approximately 5.2 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +14.7%, while the worst month was Mar 2020 at -15.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Core/Stock Portfolio closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -10.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	8.75%	5.16%	-7.02%	0.67%									7.05%
2025	4.53%	0.96%	0.67%	1.03%	4.83%	7.10%	1.14%	3.83%	6.25%	4.69%	2.37%	3.08%	48.53%
2024	-0.62%	4.19%	4.66%	-0.49%	3.07%	1.02%	2.82%	3.02%	2.19%	-3.32%	0.61%	-3.00%	14.67%
2023	7.88%	-4.62%	1.91%	1.61%	-2.16%	6.12%	3.79%	-2.95%	-2.32%	-3.06%	8.82%	4.68%	20.20%
2022	0.23%	-1.37%	1.46%	-5.16%	2.92%	-8.51%	3.22%	-2.75%	-8.98%	6.94%	12.10%	-2.39%	-4.25%
2021	2.31%	5.30%	2.89%	2.25%	3.73%	0.07%	-2.04%	0.31%	-3.44%	2.43%	-3.42%	5.17%	16.13%

Benchmark Metrics

Core/Stock Portfolio has an annualized alpha of 2.40%, beta of 0.88, and R² of 0.78 versus S&P 500 Index. Calculated based on daily prices since October 25, 2012.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.87%) than losses (84.27%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 2.40% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.88 and R² of 0.78, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 2.40%

Beta: 0.88

R²: 0.78

Upside Capture: 91.87%

Downside Capture: 84.27%

Expense Ratio

Core/Stock Portfolio has an expense ratio of 0.14%, 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.

EFV

iShares MSCI EAFE Value ETF

IEMG

iShares Core MSCI Emerging Markets ETF

Return for Risk

Risk / Return Rank

Core/Stock Portfolio ranks 94 for risk / return — in the top 94% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.71	0.88	+1.83
Sortino ratio Return per unit of downside risk	3.49	1.37	+2.13
Omega ratio Gain probability vs. loss probability	1.54	1.21	+0.34
Calmar ratio Return relative to maximum drawdown	3.98	1.39	+2.59
Martin ratio Return relative to average drawdown	16.48	6.43	+10.04
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
EFV iShares MSCI EAFE Value ETF	86	1.94	2.59	1.39	2.91	11.15
IEMG iShares Core MSCI Emerging Markets ETF	77	1.62	2.21	1.32	2.43	9.12
AXP American Express Company	50	0.33	0.67	1.10	0.52	1.47
CAH Cardinal Health, Inc.	89	1.88	2.85	1.40	4.49	10.26
LLY Eli Lilly and Company	51	0.36	0.78	1.11	0.56	1.37
CAT Caterpillar Inc.	96	3.39	4.01	1.54	6.61	23.24
LRCX Lam Research Corporation	97	3.70	3.60	1.50	10.10	31.52
XOM Exxon Mobil Corporation	80	1.58	2.06	1.28	2.51	6.57
GS The Goldman Sachs Group, Inc.	85	1.77	2.30	1.33	3.12	9.83
TSM Taiwan Semiconductor Manufacturing Company Limited	93	2.64	3.23	1.41	5.70	18.99

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.

Core/Stock Portfolio Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 2.71
5-Year: 1.08
10-Year: 0.91
All Time: 0.78

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 0.99 to 1.69, 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 Core/Stock Portfolio 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

Core/Stock Portfolio provided a 2.45% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.45%	2.57%	3.03%	2.98%	2.97%	3.06%	2.31%	3.38%	3.27%	2.52%	2.48%	2.68%
Portfolio components:
EFV iShares MSCI EAFE Value ETF	3.96%	4.16%	4.66%	4.36%	4.17%	4.07%	2.42%	4.62%	4.56%	3.56%	3.28%	3.59%
IEMG iShares Core MSCI Emerging Markets ETF	2.66%	2.75%	3.20%	2.89%	2.71%	3.06%	1.87%	3.15%	2.76%	2.35%	2.28%	2.53%
AXP American Express Company	1.14%	0.85%	0.91%	1.24%	1.35%	1.05%	1.42%	1.29%	1.51%	1.32%	1.61%	1.58%
CAH Cardinal Health, Inc.	0.95%	0.99%	1.28%	1.98%	2.57%	3.80%	3.62%	3.80%	4.24%	3.00%	2.41%	1.68%
LLY Eli Lilly and Company	0.67%	0.56%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.94%	2.46%	2.77%	2.37%
CAT Caterpillar Inc.	0.83%	1.02%	1.49%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%
LRCX Lam Research Corporation	0.46%	0.57%	1.19%	0.95%	1.53%	0.78%	1.04%	1.54%	2.79%	1.01%	1.28%	1.36%
XOM Exxon Mobil Corporation	2.51%	3.32%	3.57%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%
GS The Goldman Sachs Group, Inc.	1.80%	1.59%	2.01%	2.72%	2.62%	1.70%	1.90%	1.80%	1.89%	1.14%	1.09%	1.41%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.98%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

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 Core/Stock Portfolio. 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 Core/Stock Portfolio was 34.66%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.

The current Core/Stock Portfolio drawdown is 7.23%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-34.66%	Jan 21, 2020	44	Mar 23, 2020	161	Nov 9, 2020	205
-23.28%	Jan 29, 2018	229	Dec 24, 2018	251	Dec 23, 2019	480
-22.82%	May 18, 2015	171	Jan 20, 2016	225	Dec 8, 2016	396
-21.45%	Jan 18, 2022	178	Sep 30, 2022	172	Jun 8, 2023	350
-13.74%	Mar 26, 2025	10	Apr 8, 2025	17	May 2, 2025	27

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 12 assets, with an effective number of assets of 5.10, 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.

	Benchmark	NEM	LLY	NOC	CAH	XOM	TSM	LRCX	AXP	CAT	GS	IEMG	EFV	Portfolio
Benchmark	1.00	0.17	0.41	0.38	0.45	0.45	0.58	0.65	0.67	0.62	0.68	0.69	0.74	0.84
NEM	0.17	1.00	0.08	0.10	0.06	0.17	0.11	0.11	0.09	0.19	0.08	0.27	0.26	0.33
LLY	0.41	0.08	1.00	0.25	0.33	0.18	0.18	0.22	0.25	0.21	0.25	0.25	0.30	0.37
NOC	0.38	0.10	0.25	1.00	0.32	0.28	0.12	0.17	0.31	0.30	0.28	0.21	0.33	0.36
CAH	0.45	0.06	0.33	0.32	1.00	0.28	0.18	0.24	0.35	0.32	0.36	0.28	0.40	0.44
XOM	0.45	0.17	0.18	0.28	0.28	1.00	0.23	0.24	0.40	0.51	0.43	0.39	0.50	0.53
TSM	0.58	0.11	0.18	0.12	0.18	0.23	1.00	0.62	0.38	0.40	0.40	0.62	0.48	0.64
LRCX	0.65	0.11	0.22	0.17	0.24	0.24	0.62	1.00	0.43	0.44	0.45	0.54	0.48	0.64
AXP	0.67	0.09	0.25	0.31	0.35	0.40	0.38	0.43	1.00	0.53	0.65	0.47	0.59	0.65
CAT	0.62	0.19	0.21	0.30	0.32	0.51	0.40	0.44	0.53	1.00	0.57	0.54	0.60	0.69
GS	0.68	0.08	0.25	0.28	0.36	0.43	0.40	0.45	0.65	0.57	1.00	0.51	0.63	0.68
IEMG	0.69	0.27	0.25	0.21	0.28	0.39	0.62	0.54	0.47	0.54	0.51	1.00	0.75	0.89
EFV	0.74	0.26	0.30	0.33	0.40	0.50	0.48	0.48	0.59	0.60	0.63	0.75	1.00	0.89
Portfolio	0.84	0.33	0.37	0.36	0.44	0.53	0.64	0.64	0.65	0.69	0.68	0.89	0.89	1.00

The correlation results are calculated based on daily price changes starting from Oct 25, 2012

Core/Stock Portfolio

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table