BTM12

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

BTM12

Currency in USD · Last updated Jun 2, 2025

Asset Allocation

Position	Category/Sector	Target Weight
UBER Uber Technologies, Inc.	Technology	7.14%
UNH UnitedHealth Group Incorporated	Healthcare	7.14%
UNP Union Pacific Corporation	Industrials	7.14%
VRSK Verisk Analytics, Inc.	Industrials	7.14%
VRTX Vertex Pharmaceuticals Incorporated	Healthcare	7.14%
VZ Verizon Communications Inc.	Communication Services	7.14%
WBA Walgreens Boots Alliance, Inc.	Healthcare	7.14%
WBD Warner Bros. Discovery, Inc.	Communication Services	7.14%
WDAY Workday, Inc.	Technology	7.14%
WFC Wells Fargo & Company	Financial Services	7.14%
WKL.AS Wolters Kluwer N.V.	Communication Services	7.14%
WMT Walmart Inc.	Consumer Defensive	7.14%
XEL Xcel Energy Inc.	Utilities	7.14%
ZS Zscaler, Inc.	Technology	7.14%

Benchmark

S&P 500

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Performance

Performance Chart

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The earliest data available for this chart is May 10, 2019, corresponding to the inception date of UBER

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	0.92%	4.38%	-1.84%	12.48%	13.71%	10.99%
BTM12	10.01%	2.05%	3.10%	18.23%	11.48%	N/A
Portfolio components:
UBER Uber Technologies, Inc.	38.66%	-0.76%	14.47%	29.55%	17.88%	N/A
UNH UnitedHealth Group Incorporated	-39.50%	-23.80%	-49.52%	-37.50%	1.44%	11.79%
UNP Union Pacific Corporation	-2.90%	0.88%	-7.51%	-3.84%	6.52%	10.36%
VRSK Verisk Analytics, Inc.	15.27%	7.86%	8.62%	26.14%	13.88%	16.12%
VRTX Vertex Pharmaceuticals Incorporated	10.61%	-11.12%	-4.36%	-2.18%	9.97%	13.34%
VZ Verizon Communications Inc.	14.09%	0.82%	4.05%	14.45%	0.71%	4.55%
WBA Walgreens Boots Alliance, Inc.	20.04%	2.00%	24.72%	-27.15%	-19.81%	-15.10%
WBD Warner Bros. Discovery, Inc.	-5.39%	17.10%	-5.30%	21.36%	-14.80%	-11.63%
WDAY Workday, Inc.	-3.98%	-0.37%	-1.48%	17.17%	6.40%	12.05%
WFC Wells Fargo & Company	7.49%	1.80%	0.29%	27.70%	23.74%	5.78%
WKL.AS Wolters Kluwer N.V.	8.57%	2.16%	7.11%	14.43%	20.27%	21.13%
WMT Walmart Inc.	11.00%	1.28%	8.49%	53.28%	21.09%	17.39%
XEL Xcel Energy Inc.	5.00%	-1.47%	-0.43%	30.27%	4.02%	11.42%
ZS Zscaler, Inc.	62.51%	27.21%	40.61%	72.50%	22.24%	N/A

*Annualized

Monthly Returns

The table below presents the monthly returns of BTM12, 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	7.12%	1.38%	-1.58%	0.25%	1.95%	0.72%							10.01%
2024	1.32%	1.27%	-1.52%	-6.83%	3.46%	0.96%	2.47%	2.99%	-0.96%	0.79%	8.06%	-6.48%	4.67%
2023	9.42%	-0.17%	-0.13%	-1.03%	1.60%	5.58%	4.40%	-3.00%	-3.97%	0.60%	9.06%	6.92%	32.12%
2022	-2.58%	-3.03%	3.28%	-7.53%	-6.46%	-5.93%	6.79%	-0.84%	-6.43%	6.17%	3.28%	-7.13%	-19.90%
2021	1.36%	2.52%	2.98%	2.83%	-1.52%	0.03%	0.69%	3.24%	-5.13%	6.74%	-1.60%	5.27%	18.19%
2020	2.02%	-7.27%	-6.73%	8.42%	9.48%	-1.46%	2.79%	5.99%	-0.52%	-5.88%	14.62%	5.45%	27.25%
2019					-2.47%	6.96%	-0.03%	-3.88%	-1.94%	1.30%	6.48%	-0.41%	5.59%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

BTM12 has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 75, BTM12 is among the top 25% 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
UBER Uber Technologies, Inc.	0.67	1.03	1.13	0.72	1.53
UNH UnitedHealth Group Incorporated	-0.84	-0.96	0.83	-0.67	-1.99
UNP Union Pacific Corporation	-0.16	0.03	1.00	-0.11	-0.30
VRSK Verisk Analytics, Inc.	1.23	1.39	1.22	2.29	4.81
VRTX Vertex Pharmaceuticals Incorporated	-0.08	-0.18	0.97	-0.34	-0.80
VZ Verizon Communications Inc.	0.64	1.07	1.16	0.76	2.89
WBA Walgreens Boots Alliance, Inc.	-0.44	-0.29	0.96	-0.31	-0.77
WBD Warner Bros. Discovery, Inc.	0.37	0.99	1.13	0.25	1.36
WDAY Workday, Inc.	0.47	0.91	1.12	0.51	1.85
WFC Wells Fargo & Company	0.81	1.47	1.21	1.30	3.74
WKL.AS Wolters Kluwer N.V.	0.62	0.86	1.13	0.62	1.81
WMT Walmart Inc.	2.18	2.87	1.40	2.30	7.43
XEL Xcel Energy Inc.	1.46	2.09	1.29	1.10	7.40
ZS Zscaler, Inc.	1.59	1.80	1.27	1.03	6.45

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.

BTM12 Sharpe ratios as of Jun 2, 2025 (values are recalculated daily):

1-Year: 1.11
5-Year: 0.68
All Time: 0.59

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 0.59 to 1.13, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of BTM12 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

BTM12 provided a 1.71% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	1.71%	2.05%	1.95%	1.77%	1.33%	1.61%	1.47%	1.51%	1.37%	1.49%	1.66%	1.43%
Portfolio components:
UBER Uber Technologies, 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%
UNH UnitedHealth Group Incorporated	2.76%	1.62%	1.38%	1.21%	1.12%	1.38%	1.41%	1.38%	1.30%	1.48%	1.59%	1.39%
UNP Union Pacific Corporation	2.45%	2.32%	2.12%	2.45%	1.70%	1.86%	2.05%	2.21%	1.85%	2.17%	2.81%	1.60%
VRSK Verisk Analytics, Inc.	0.51%	0.57%	0.57%	0.70%	0.51%	0.52%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%
VRTX Vertex Pharmaceuticals Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VZ Verizon Communications Inc.	6.12%	6.68%	6.96%	6.53%	4.86%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%	4.57%
WBA Walgreens Boots Alliance, Inc.	4.46%	10.72%	7.35%	5.13%	3.63%	4.64%	3.05%	2.46%	2.13%	1.78%	1.64%	1.71%
WBD Warner Bros. Discovery, 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%
WDAY Workday, 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%
WFC Wells Fargo & Company	2.14%	2.14%	2.64%	2.66%	1.25%	4.04%	3.57%	3.56%	2.54%	2.75%	2.71%	2.46%
WKL.AS Wolters Kluwer N.V.	1.49%	1.37%	1.48%	1.70%	1.38%	1.82%	1.58%	1.92%	1.84%	2.21%	2.87%	2.76%
WMT Walmart Inc.	0.89%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%	2.24%
XEL Xcel Energy Inc.	3.17%	2.43%	3.36%	2.78%	2.70%	2.58%	2.55%	3.09%	2.99%	3.34%	3.56%	3.34%
ZS Zscaler, 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%

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 BTM12. 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 BTM12 was 27.37%, occurring on Mar 16, 2020. Recovery took 59 trading sessions.

The current BTM12 drawdown is 1.87%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-27.37%	Feb 20, 2020	18	Mar 16, 2020	59	Jun 8, 2020	77
-24.91%	Jan 12, 2022	111	Jun 16, 2022	383	Dec 7, 2023	494
-11.89%	Feb 20, 2025	34	Apr 8, 2025	—	—	—
-10.83%	Jul 16, 2019	57	Oct 2, 2019	68	Jan 8, 2020	125
-10.13%	Feb 16, 2024	52	Apr 30, 2024	118	Oct 11, 2024	170

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 14 assets, with an effective number of assets of 14.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

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	WKL.AS	VZ	XEL	WMT	ZS	UNH	VRTX	UBER	WBD	WBA	WFC	WDAY	UNP	VRSK	Portfolio
^GSPC	1.00	0.32	0.30	0.30	0.40	0.51	0.37	0.40	0.51	0.43	0.41	0.56	0.59	0.58	0.56	0.80
WKL.AS	0.32	1.00	0.13	0.19	0.18	0.22	0.15	0.21	0.13	0.08	0.10	0.11	0.22	0.18	0.34	0.34
VZ	0.30	0.13	1.00	0.44	0.28	-0.02	0.29	0.22	0.09	0.24	0.31	0.27	0.05	0.33	0.28	0.38
XEL	0.30	0.19	0.44	1.00	0.32	0.02	0.32	0.22	0.03	0.17	0.24	0.17	0.13	0.33	0.42	0.38
WMT	0.40	0.18	0.28	0.32	1.00	0.18	0.27	0.25	0.12	0.13	0.28	0.19	0.18	0.27	0.37	0.41
ZS	0.51	0.22	-0.02	0.02	0.18	1.00	0.10	0.25	0.42	0.20	0.11	0.13	0.62	0.18	0.35	0.57
UNH	0.37	0.15	0.29	0.32	0.27	0.10	1.00	0.32	0.12	0.17	0.26	0.25	0.16	0.34	0.35	0.43
VRTX	0.40	0.21	0.22	0.22	0.25	0.25	0.32	1.00	0.22	0.14	0.23	0.17	0.28	0.24	0.35	0.46
UBER	0.51	0.13	0.09	0.03	0.12	0.42	0.12	0.22	1.00	0.31	0.19	0.31	0.41	0.29	0.25	0.59
WBD	0.43	0.08	0.24	0.17	0.13	0.20	0.17	0.14	0.31	1.00	0.40	0.43	0.25	0.33	0.17	0.58
WBA	0.41	0.10	0.31	0.24	0.28	0.11	0.26	0.23	0.19	0.40	1.00	0.37	0.14	0.39	0.23	0.52
WFC	0.56	0.11	0.27	0.17	0.19	0.13	0.25	0.17	0.31	0.43	0.37	1.00	0.21	0.47	0.20	0.53
WDAY	0.59	0.22	0.05	0.13	0.18	0.62	0.16	0.28	0.41	0.25	0.14	0.21	1.00	0.29	0.42	0.62
UNP	0.58	0.18	0.33	0.33	0.27	0.18	0.34	0.24	0.29	0.33	0.39	0.47	0.29	1.00	0.39	0.58
VRSK	0.56	0.34	0.28	0.42	0.37	0.35	0.35	0.35	0.25	0.17	0.23	0.20	0.42	0.39	1.00	0.57
Portfolio	0.80	0.34	0.38	0.38	0.41	0.57	0.43	0.46	0.59	0.58	0.52	0.53	0.62	0.58	0.57	1.00

The correlation results are calculated based on daily price changes starting from May 13, 2019

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

BTM12

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