Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | Bank Loan | 14.29% |
FTSL First Trust Senior Loan Fund | High Yield Bonds | 14.29% |
NFIAX Neuberger Berman Floating Rate Income Fund | Bank Loan | 14.29% |
PRFRX T. Rowe Price Floating Rate Fund | High Yield Bonds | 14.29% |
LFRIX Lord Abbett Floating Rate Fund | Bank Loan | 14.29% |
GLD SPDR Gold Shares | Gold, Precious Metals | 14.29% |
PRWCX T. Rowe Price Capital Appreciation Fund | Diversified Portfolio | 14.29% |
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Balanced-III nogold 2025, 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.
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Returns By Period
As of Jun 13, 2026, the Balanced-III nogold 2025 returned 1.08% Year-To-Date and 6.90% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio Balanced-III nogold 2025 | 0.00% | -1.12% | 1.08% | 1.58% | 9.22% | 11.53% | 7.67% | 6.90% |
| Portfolio components: | ||||||||
FFRHX Fidelity Floating Rate High Income Fund | -0.11% | -0.00% | 1.60% | 1.98% | 5.89% | 7.24% | 5.35% | 4.90% |
FTSL First Trust Senior Loan Fund | -0.04% | -0.10% | 0.51% | 0.66% | 4.27% | 7.06% | 4.95% | 4.44% |
GLD SPDR Gold Shares | 0.06% | -9.52% | -2.47% | -2.25% | 22.21% | 28.89% | 17.08% | 12.15% |
LFRIX Lord Abbett Floating Rate Fund | 0.00% | 0.17% | 1.53% | 2.10% | 6.20% | 7.67% | 5.35% | 4.52% |
NFIAX Neuberger Berman Floating Rate Income Fund | 0.00% | 0.08% | 1.15% | 1.59% | 5.17% | 7.57% | 4.96% | 4.49% |
PRFRX T. Rowe Price Floating Rate Fund | -0.11% | -0.10% | 0.83% | 2.01% | 7.80% | 9.76% | 6.95% | 5.46% |
PRWCX T. Rowe Price Capital Appreciation Fund | 0.60% | -0.78% | 3.69% | 4.12% | 11.98% | 12.55% | 8.27% | 11.12% |
Monthly Returns
Based on dividend-adjusted daily data since May 2, 2013, Balanced-III nogold 2025's average daily return is +0.02%, while the average monthly return is +0.49%. At this rate, an investment would double in approximately 11.8 years.
Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +5.5%, while the worst month was Mar 2020 at -9.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Balanced-III nogold 2025 closed higher 57% of trading days. The best single day was Mar 26, 2020 with a return of +3.3%, while the worst single day was Mar 18, 2020 at -4.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.73% | 0.63% | -1.83% | 1.59% | 0.64% | -1.61% | 1.08% | ||||||
| 2025 | 1.98% | 0.15% | 0.91% | 0.75% | 1.46% | 1.10% | 0.81% | 1.23% | 2.35% | 1.01% | 1.23% | 0.79% | 14.68% |
| 2024 | 0.25% | 1.17% | 1.94% | 0.41% | 1.33% | 0.23% | 1.73% | 0.88% | 1.50% | 1.10% | 0.90% | -0.22% | 11.79% |
| 2023 | 3.49% | -0.63% | 1.62% | 0.76% | -0.34% | 1.73% | 1.49% | 0.58% | -0.64% | 0.44% | 2.27% | 1.90% | 13.35% |
| 2022 | -0.69% | 0.35% | 0.44% | -1.25% | -2.28% | -2.95% | 2.24% | -0.01% | -3.28% | 1.25% | 2.77% | 0.07% | -3.49% |
| 2021 | -0.07% | -0.18% | 0.46% | 1.49% | 1.57% | -0.76% | 0.62% | 0.62% | -0.39% | 1.09% | -0.64% | 1.47% | 5.37% |
Benchmark Metrics
Balanced-III nogold 2025 has an annualized alpha of 3.87%, beta of 0.15, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since May 02, 2013.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (25.50%) than losses (16.41%) - typical of diversified or defensive assets.
- Beta of 0.15 may look defensive, but with R2 of 0.36 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 0.36 means the benchmark explains less than half of this portfolio's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.87%
- Beta
- 0.15
- R²
- 0.36
- Upside Capture
- 25.50%
- Downside Capture
- 16.41%
Expense Ratio
Balanced-III nogold 2025 has an expense ratio of 0.70%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Balanced-III nogold 2025 ranks 41 for risk / return — on par with similar Portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Balanced-III nogold 2025 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 | 1.88 | 1.86 | +0.02 |
| Sortino ratioReturn per unit of downside risk | 2.54 | 2.53 | +0.01 |
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.53 | -0.39 |
| Martin ratioReturn relative to average drawdown | 7.53 | 11.37 | -3.84 |
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 |
|---|---|---|---|---|---|---|
FFRHX Fidelity Floating Rate High Income Fund | 93 | 2.45 | 5.83 | 1.86 | 4.87 | 17.02 |
FTSL First Trust Senior Loan Fund | 65 | 2.04 | 3.17 | 1.47 | 1.85 | 6.88 |
GLD SPDR Gold Shares | 26 | 0.87 | 1.24 | 1.18 | 0.98 | 2.81 |
LFRIX Lord Abbett Floating Rate Fund | 92 | 2.50 | 5.72 | 1.97 | 3.92 | 14.80 |
NFIAX Neuberger Berman Floating Rate Income Fund | 92 | 2.32 | 5.86 | 1.92 | 4.75 | 16.22 |
PRFRX T. Rowe Price Floating Rate Fund | 96 | 2.91 | 7.36 | 2.14 | 5.15 | 19.34 |
PRWCX T. Rowe Price Capital Appreciation Fund | 36 | 1.49 | 2.11 | 1.28 | 1.82 | 7.78 |
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Dividends
Dividend yield
Balanced-III nogold 2025 provided a 6.41% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 6.41% | 6.69% | 7.26% | 6.30% | 4.28% | 3.77% | 3.95% | 4.39% | 4.47% | 3.81% | 3.40% | 4.33% |
| Portfolio components: | ||||||||||||
FFRHX Fidelity Floating Rate High Income Fund | 7.10% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
FTSL First Trust Senior Loan Fund | 6.47% | 6.59% | 7.56% | 7.59% | 4.77% | 3.17% | 3.48% | 4.44% | 4.29% | 3.64% | 3.70% | 3.95% |
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% |
LFRIX Lord Abbett Floating Rate Fund | 6.91% | 7.20% | 7.68% | 7.63% | 3.95% | 4.01% | 4.64% | 5.71% | 5.60% | 4.65% | 4.64% | 4.72% |
NFIAX Neuberger Berman Floating Rate Income Fund | 6.60% | 6.84% | 8.05% | 6.89% | 3.97% | 3.36% | 3.68% | 4.71% | 4.32% | 3.44% | 3.46% | 4.05% |
PRFRX T. Rowe Price Floating Rate Fund | 9.26% | 9.99% | 10.20% | 9.57% | 4.03% | 3.86% | 4.00% | 4.84% | 4.87% | 4.04% | 4.07% | 4.07% |
PRWCX T. Rowe Price Capital Appreciation Fund | 8.50% | 8.81% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
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 Balanced-III nogold 2025. 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 Balanced-III nogold 2025 was 19.74%, occurring on Mar 23, 2020. Recovery took 87 trading sessions.
The current Balanced-III nogold 2025 drawdown is 2.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -19.74%Mar 2020 | 28d | 4mo 6d | 5mo 4dFeb 2020 - Jul 2020 |
Bear market2022 | -7.72%Oct 2022 | 6mo 3d | 5mo 18d | 11mo 21dApr 2022 - Mar 2023 |
2016 pullback2016 | -4.55%Jan 2016 | 8mo 8d | 2mo 17d | 10mo 25dMay 2015 - Apr 2016 |
2026 pullback2026 | -4.34%Mar 2026 | 1mo 26d | — | 4mo 17dJan 2026 - now |
Rate-hike selloffLate 2018 | -3.48%Dec 2018 | 2mo 22d | 1mo 7d | 3mo 29dOct 2018 - Jan 2019 |
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 7.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.44 | 1.61 | 1.56 | 1.52 | 1.56 |
The portfolio has a diversification ratio of 1.56, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Balanced-III nogold 2025 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 2, 2013 | 0.49 |
Benchmark Correlations
Correlation vs. S&P 500 Index. PRWCX has the highest benchmark correlation at 0.93, while GLD has the lowest at 0.02.
Asset Correlations Table
Find what Balanced-III nogold 2025 is missing
See which holdings overlap, where Balanced-III nogold 2025 is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification