Building Euipment & Products

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Building Euipment & Products

Currency in USD · Last updated May 27, 2025

Asset Allocation

Position	Category/Sector	Target Weight
AAON AAON, Inc.	Industrials	6.67%
AWI Armstrong World Industries, Inc.	Industrials	6.67%
BLDR Builders FirstSource, Inc.	Industrials	6.67%
CARR Carrier Global Corporation	Industrials	6.67%
CSL Carlisle Companies Incorporated	Industrials	6.67%
FBIN Fortune Brands Innovations Inc.	Industrials	6.67%
JCI Johnson Controls International plc	Industrials	6.67%
LII Lennox International Inc.	Industrials	6.67%
LPX Louisiana-Pacific Corporation	Industrials	6.67%
MAS Masco Corporation	Industrials	6.67%
OC Owens Corning	Industrials	6.67%
SPXC SPX Corporation	Industrials	6.67%
TREX Trex Company, Inc.	Industrials	6.67%
TT Trane Technologies plc	Industrials	6.67%
WMS Advanced Drainage Systems, Inc.	Industrials	6.67%

Benchmark

S&P 500

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Performance

Performance Chart

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The earliest data available for this chart is Apr 3, 2020, corresponding to the inception date of CARR

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-1.34%	5.02%	-3.08%	9.39%	14.45%	10.68%
Building Euipment & Products	-5.10%	6.30%	-18.72%	-1.99%	25.20%	N/A
Portfolio components:
TT Trane Technologies plc	14.92%	21.65%	2.90%	26.51%	38.20%	25.18%
CARR Carrier Global Corporation	3.98%	18.18%	-10.00%	8.12%	29.35%	N/A
JCI Johnson Controls International plc	24.71%	20.87%	18.65%	35.20%	28.29%	13.09%
LII Lennox International Inc.	-6.72%	7.79%	-16.06%	13.57%	22.98%	18.87%
BLDR Builders FirstSource, Inc.	-24.21%	-10.73%	-42.69%	-36.69%	39.29%	24.16%
CSL Carlisle Companies Incorporated	5.43%	3.41%	-17.20%	-8.70%	26.99%	16.27%
MAS Masco Corporation	-14.08%	2.78%	-24.12%	-9.09%	7.55%	11.65%
OC Owens Corning	-20.75%	-7.13%	-35.97%	-25.08%	22.54%	13.80%
WMS Advanced Drainage Systems, Inc.	-4.72%	-1.29%	-17.93%	-36.61%	20.21%	15.67%
FBIN Fortune Brands Innovations Inc.	-26.17%	-6.16%	-37.69%	-27.72%	0.48%	3.86%
TREX Trex Company, Inc.	-17.54%	-1.42%	-26.17%	-35.54%	-1.01%	16.29%
AAON AAON, Inc.	-15.69%	12.69%	-27.84%	27.11%	23.04%	20.70%
LPX Louisiana-Pacific Corporation	-10.02%	7.38%	-22.50%	4.20%	32.83%	19.10%
SPXC SPX Corporation	2.92%	11.92%	-17.51%	3.76%	29.45%	23.19%
AWI Armstrong World Industries, Inc.	9.72%	11.73%	-4.26%	33.40%	16.14%	11.36%

*Annualized

Monthly Returns

The table below presents the monthly returns of Building Euipment & Products, 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	4.44%	-8.43%	-5.83%	1.38%	3.93%								-5.10%
2024	-1.60%	12.34%	6.86%	-4.52%	3.65%	-3.06%	10.88%	-0.54%	6.69%	-3.37%	9.62%	-13.01%	22.85%
2023	13.07%	-1.38%	-2.71%	3.23%	-0.61%	18.99%	6.36%	-2.96%	-6.85%	-6.36%	15.21%	13.98%	56.58%
2022	-14.31%	-2.77%	-5.17%	-7.08%	3.78%	-10.68%	17.96%	-5.50%	-6.38%	6.82%	7.35%	-5.58%	-23.12%
2021	1.27%	7.15%	7.38%	8.05%	1.26%	-1.29%	2.05%	3.51%	-7.98%	7.66%	5.13%	8.20%	49.79%
2020				26.04%	12.94%	5.46%	10.95%	7.65%	0.70%	-1.78%	12.78%	4.59%	109.21%

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

Expense Ratio

Building Euipment & Products 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

The current rank of Building Euipment & Products is 5, meaning it’s performing worse than 95% of other 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
TT Trane Technologies plc	0.93	1.45	1.19	1.15	2.99
CARR Carrier Global Corporation	0.24	0.62	1.07	0.26	0.61
JCI Johnson Controls International plc	1.12	1.84	1.24	1.73	5.23
LII Lennox International Inc.	0.40	0.79	1.10	0.59	1.59
BLDR Builders FirstSource, Inc.	-0.84	-1.07	0.88	-0.70	-1.46
CSL Carlisle Companies Incorporated	-0.28	-0.14	0.98	-0.23	-0.46
MAS Masco Corporation	-0.30	-0.23	0.97	-0.29	-0.69
OC Owens Corning	-0.70	-0.78	0.91	-0.59	-1.27
WMS Advanced Drainage Systems, Inc.	-0.93	-1.36	0.84	-0.82	-1.42
FBIN Fortune Brands Innovations Inc.	-0.71	-0.94	0.89	-0.60	-1.31
TREX Trex Company, Inc.	-0.77	-0.92	0.88	-0.55	-1.42
AAON AAON, Inc.	0.52	1.09	1.17	0.64	1.47
LPX Louisiana-Pacific Corporation	0.13	0.45	1.06	0.15	0.35
SPXC SPX Corporation	0.09	0.46	1.06	0.14	0.30
AWI Armstrong World Industries, Inc.	1.29	2.05	1.26	1.62	4.64

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.

Building Euipment & Products Sharpe ratios as of May 27, 2025 (values are recalculated daily):

1-Year: -0.07
5-Year: 0.97
All Time: 1.21

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 0.49 to 1.03, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Building Euipment & Products 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

Building Euipment & Products provided a 0.94% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.94%	0.85%	0.98%	1.19%	0.75%	0.94%	1.13%	1.21%	0.76%	1.69%	1.14%	0.87%
Portfolio components:
TT Trane Technologies plc	0.82%	0.91%	1.23%	1.59%	1.17%	1.46%	1.59%	2.15%	1.91%	1.81%	2.10%	1.58%
CARR Carrier Global Corporation	1.17%	1.16%	1.30%	1.54%	0.94%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JCI Johnson Controls International plc	1.51%	1.88%	2.55%	2.19%	1.41%	2.23%	2.55%	3.51%	2.65%	15.64%	5.85%	3.69%
LII Lennox International Inc.	0.81%	0.75%	0.97%	1.71%	1.09%	1.12%	1.21%	1.11%	0.94%	1.08%	1.10%	1.20%
BLDR Builders FirstSource, 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%
CSL Carlisle Companies Incorporated	1.03%	1.00%	1.02%	1.09%	0.86%	1.31%	1.11%	1.53%	1.27%	1.18%	1.24%	1.04%
MAS Masco Corporation	1.94%	1.60%	1.73%	2.40%	1.22%	1.26%	1.03%	1.49%	0.92%	1.22%	0.65%	0.00%
OC Owens Corning	1.93%	1.41%	1.40%	1.64%	1.15%	1.27%	1.35%	1.43%	0.88%	1.44%	1.45%	1.79%
WMS Advanced Drainage Systems, Inc.	0.58%	0.54%	0.38%	0.57%	0.31%	0.43%	3.48%	1.28%	1.13%	1.12%	0.79%	0.17%
FBIN Fortune Brands Innovations Inc.	1.95%	1.40%	1.21%	1.68%	0.97%	1.12%	1.35%	2.11%	1.05%	1.20%	1.01%	1.06%
TREX Trex Company, 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%
AAON AAON, Inc.	0.34%	0.27%	0.43%	0.57%	0.48%	0.57%	0.65%	0.91%	0.71%	0.73%	0.95%	0.79%
LPX Louisiana-Pacific Corporation	1.17%	1.00%	1.36%	1.49%	0.87%	1.56%	1.82%	2.34%	0.00%	0.00%	0.00%	0.00%
SPXC SPX Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.02%	1.75%
AWI Armstrong World Industries, Inc.	0.78%	0.81%	1.06%	1.38%	0.74%	1.09%	0.77%	0.30%	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 Building Euipment & Products. 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 Building Euipment & Products was 34.44%, occurring on Jun 17, 2022. Recovery took 256 trading sessions.

The current Building Euipment & Products drawdown is 18.72%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-34.44%	Jan 3, 2022	116	Jun 17, 2022	256	Jun 27, 2023	372
-31.15%	Nov 26, 2024	90	Apr 8, 2025	—	—	—
-19.23%	Aug 2, 2023	60	Oct 25, 2023	30	Dec 7, 2023	90
-11.29%	Jun 8, 2020	4	Jun 11, 2020	23	Jul 15, 2020	27
-10.27%	May 11, 2021	28	Jun 18, 2021	37	Aug 11, 2021	65

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 15 assets, with an effective number of assets of 15.00, 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	AAON	LPX	SPXC	TREX	WMS	CSL	CARR	AWI	TT	LII	JCI	BLDR	MAS	OC	FBIN	Portfolio
^GSPC	1.00	0.52	0.57	0.62	0.61	0.61	0.60	0.63	0.62	0.65	0.60	0.66	0.60	0.61	0.64	0.63	0.77
AAON	0.52	1.00	0.45	0.59	0.48	0.49	0.49	0.56	0.51	0.58	0.58	0.55	0.48	0.50	0.51	0.50	0.69
LPX	0.57	0.45	1.00	0.52	0.58	0.55	0.56	0.51	0.56	0.49	0.52	0.54	0.67	0.62	0.65	0.64	0.76
SPXC	0.62	0.59	0.52	1.00	0.49	0.54	0.58	0.57	0.59	0.60	0.56	0.63	0.53	0.53	0.58	0.56	0.74
TREX	0.61	0.48	0.58	0.49	1.00	0.59	0.50	0.50	0.57	0.48	0.54	0.51	0.65	0.68	0.64	0.69	0.76
WMS	0.61	0.49	0.55	0.54	0.59	1.00	0.60	0.55	0.57	0.52	0.55	0.54	0.63	0.58	0.62	0.63	0.77
CSL	0.60	0.49	0.56	0.58	0.50	0.60	1.00	0.55	0.62	0.61	0.58	0.61	0.57	0.58	0.65	0.61	0.75
CARR	0.63	0.56	0.51	0.57	0.50	0.55	0.55	1.00	0.54	0.70	0.66	0.68	0.56	0.60	0.59	0.61	0.76
AWI	0.62	0.51	0.56	0.59	0.57	0.57	0.62	0.54	1.00	0.55	0.60	0.57	0.58	0.62	0.67	0.65	0.76
TT	0.65	0.58	0.49	0.60	0.48	0.52	0.61	0.70	0.55	1.00	0.69	0.73	0.54	0.57	0.59	0.57	0.76
LII	0.60	0.58	0.52	0.56	0.54	0.55	0.58	0.66	0.60	0.69	1.00	0.64	0.56	0.63	0.62	0.63	0.78
JCI	0.66	0.55	0.54	0.63	0.51	0.54	0.61	0.68	0.57	0.73	0.64	1.00	0.54	0.58	0.61	0.60	0.77
BLDR	0.60	0.48	0.67	0.53	0.65	0.63	0.57	0.56	0.58	0.54	0.56	0.54	1.00	0.67	0.74	0.73	0.81
MAS	0.61	0.50	0.62	0.53	0.68	0.58	0.58	0.60	0.62	0.57	0.63	0.58	0.67	1.00	0.70	0.83	0.81
OC	0.64	0.51	0.65	0.58	0.64	0.62	0.65	0.59	0.67	0.59	0.62	0.61	0.74	0.70	1.00	0.76	0.84
FBIN	0.63	0.50	0.64	0.56	0.69	0.63	0.61	0.61	0.65	0.57	0.63	0.60	0.73	0.83	0.76	1.00	0.85
Portfolio	0.77	0.69	0.76	0.74	0.76	0.77	0.75	0.76	0.76	0.76	0.78	0.77	0.81	0.81	0.84	0.85	1.00

The correlation results are calculated based on daily price changes starting from Apr 6, 2020

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

Building Euipment & Products

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