Optimizer Updated Top 10

Asset Allocation

Position	Category/Sector	Target Weight
CDNS Cadence Design Systems, Inc.	Technology	10%
COST Costco Wholesale Corporation	Consumer Defensive	10%
FTEC Fidelity MSCI Information Technology Index ETF	Technology Equities	10%
IWY iShares Russell Top 200 Growth ETF	Large Cap Growth Equities	10%
MSFT Microsoft Corporation	Technology	10%
QQQ Invesco QQQ ETF	Large Cap Growth Equities	10%
USNQX USAA Nasdaq 100 Index Fund	Large Cap Growth Equities	10%
VGT Vanguard Information Technology ETF	Technology Equities	10%
VITAX Vanguard Information Technology Index Fund Admiral Shares	Technology Equities	10%
VONG Vanguard Russell 1000 Growth ETF	Large Cap Growth Equities	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Optimizer Updated Top 10, 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.

Loading graphics...

The earliest data available for this chart is Oct 24, 2013, corresponding to the inception date of FTEC

Returns By Period

As of Apr 4, 2026, the Optimizer Updated Top 10 returned -5.84% Year-To-Date and 21.43% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-4.18%	-3.84%	-1.98%	21.98%	16.86%	10.37%	12.29%
Portfolio Optimizer Updated Top 10	0.52%	-3.97%	-5.84%	-7.39%	25.21%	21.28%	15.08%	21.43%
Portfolio components:
MSFT Microsoft Corporation	1.11%	-7.83%	-22.60%	-27.51%	0.86%	10.00%	9.94%	22.58%
COST Costco Wholesale Corporation	1.85%	0.82%	17.86%	11.19%	5.53%	28.60%	24.74%	22.54%
VGT Vanguard Information Technology ETF	0.85%	-2.69%	-5.36%	-5.50%	39.92%	23.50%	15.02%	21.67%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.86%	-2.68%	-5.30%	-5.45%	40.04%	23.50%	15.03%	21.67%
QQQ Invesco QQQ ETF	0.11%	-4.10%	-4.65%	-2.77%	30.43%	22.97%	13.18%	19.05%
IWY iShares Russell Top 200 Growth ETF	0.00%	-4.97%	-9.30%	-8.39%	24.42%	22.33%	13.61%	17.62%
FTEC Fidelity MSCI Information Technology Index ETF	0.86%	-2.66%	-5.31%	-5.33%	40.34%	23.87%	15.25%	21.45%
USNQX USAA Nasdaq 100 Index Fund	0.10%	-4.14%	-4.71%	-2.92%	30.16%	22.73%	12.90%	18.76%
CDNS Cadence Design Systems, Inc.	-0.52%	-8.75%	-10.83%	-19.74%	11.98%	9.65%	14.52%	28.03%
VONG Vanguard Russell 1000 Growth ETF	-0.01%	-4.93%	-8.98%	-8.25%	24.87%	21.43%	12.55%	16.78%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 25, 2013, Optimizer Updated Top 10's average daily return is +0.08%, while the average monthly return is +1.66%. At this rate, your investment would double in approximately 3.5 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2020 with a return of +14.5%, while the worst month was Apr 2022 at -11.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Optimizer Updated Top 10 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +11.8%, while the worst single day was Mar 16, 2020 at -12.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-1.00%	-1.81%	-4.47%	1.39%									-5.84%
2025	0.97%	-3.33%	-7.55%	3.75%	8.29%	6.45%	4.54%	-0.22%	4.48%	3.09%	-3.47%	-0.89%	16.00%
2024	3.22%	5.57%	1.26%	-5.40%	7.24%	7.09%	-3.41%	1.84%	2.10%	-1.01%	7.08%	-0.50%	26.96%
2023	9.61%	-0.07%	9.02%	1.02%	7.04%	5.51%	2.57%	-1.24%	-4.39%	-0.38%	11.70%	4.58%	53.55%
2022	-9.40%	-3.29%	4.99%	-11.25%	-2.51%	-6.73%	13.57%	-5.37%	-10.22%	3.99%	6.62%	-8.58%	-27.38%
2021	-0.97%	0.65%	1.40%	4.98%	-1.14%	6.74%	4.47%	4.97%	-5.53%	9.94%	2.75%	2.65%	34.52%

Benchmark Metrics

Optimizer Updated Top 10 has an annualized alpha of 7.34%, beta of 1.13, and R² of 0.87 versus S&P 500 Index. Calculated based on daily prices since October 25, 2013.

This portfolio captured 131.22% of S&P 500 Index gains but only 90.65% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 7.34% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 1.13 and R² of 0.87, 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: 7.34%

Beta: 1.13

R²: 0.87

Upside Capture: 131.22%

Downside Capture: 90.65%

Expense Ratio

Optimizer Updated Top 10 has an expense ratio of 0.11%, 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.

USNQX

USAA Nasdaq 100 Index Fund

IWY

iShares Russell Top 200 Growth ETF

QQQ

Invesco QQQ ETF

VITAX

Vanguard Information Technology Index Fund Admiral Shares

VGT

Vanguard Information Technology ETF

FTEC

Fidelity MSCI Information Technology Index ETF

VONG

Vanguard Russell 1000 Growth ETF

Return for Risk

Risk / Return Rank

Optimizer Updated Top 10 ranks 20 for risk / return — in the bottom 20% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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	0.84	0.88	-0.04
Sortino ratio Return per unit of downside risk	1.37	1.37	0.00
Omega ratio Gain probability vs. loss probability	1.19	1.21	-0.02
Calmar ratio Return relative to maximum drawdown	1.31	1.39	-0.08
Martin ratio Return relative to average drawdown	4.01	6.43	-2.42
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
MSFT Microsoft Corporation	35	-0.06	0.11	1.01	-0.05	-0.12
COST Costco Wholesale Corporation	46	0.29	0.56	1.07	0.36	0.72
VGT Vanguard Information Technology ETF	57	1.10	1.67	1.23	1.88	5.72
VITAX Vanguard Information Technology Index Fund Admiral Shares	51	1.08	1.66	1.23	1.88	5.71
QQQ Invesco QQQ ETF	58	1.04	1.62	1.23	1.93	7.00
IWY iShares Russell Top 200 Growth ETF	38	0.79	1.29	1.18	1.12	3.67
FTEC Fidelity MSCI Information Technology Index ETF	58	1.10	1.69	1.24	1.92	5.88
USNQX USAA Nasdaq 100 Index Fund	51	1.02	1.60	1.23	1.89	6.85
CDNS Cadence Design Systems, Inc.	44	0.13	0.49	1.06	0.27	0.60
VONG Vanguard Russell 1000 Growth ETF	38	0.80	1.30	1.18	1.15	3.86

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.

Optimizer Updated Top 10 Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 0.84
5-Year: 0.68
10-Year: 0.97
All Time: 0.98

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 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 Optimizer Updated Top 10 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading graphics...

Dividends

Dividend yield

Optimizer Updated Top 10 provided a 0.73% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.73%	0.68%	0.66%	1.03%	1.14%	0.91%	1.04%	0.90%	1.07%	1.49%	1.19%	1.70%
Portfolio components:
MSFT Microsoft Corporation	0.93%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
COST Costco Wholesale Corporation	0.51%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
VGT Vanguard Information Technology ETF	0.43%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.43%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
QQQ Invesco QQQ ETF	0.48%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
IWY iShares Russell Top 200 Growth ETF	0.39%	0.36%	0.42%	0.68%	0.88%	0.50%	0.71%	1.06%	1.32%	1.26%	1.51%	1.58%
FTEC Fidelity MSCI Information Technology Index ETF	0.45%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
USNQX USAA Nasdaq 100 Index Fund	3.16%	3.01%	2.19%	2.60%	4.13%	4.48%	1.53%	0.88%	0.69%	1.97%	0.50%	2.73%
CDNS Cadence Design Systems, 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%
VONG Vanguard Russell 1000 Growth ETF	0.50%	0.45%	0.55%	0.71%	0.98%	0.58%	0.77%	1.03%	1.18%	1.19%	1.48%	1.47%

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 graphics...

Worst Drawdowns

The table below displays the maximum drawdowns of the Optimizer Updated Top 10. 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 Optimizer Updated Top 10 was 31.53%, occurring on Oct 14, 2022. Recovery took 187 trading sessions.

The current Optimizer Updated Top 10 drawdown is 11.09%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-31.53%	Dec 28, 2021	202	Oct 14, 2022	187	Jul 17, 2023	389
-28.3%	Feb 20, 2020	23	Mar 23, 2020	50	Jun 3, 2020	73
-22.95%	Dec 17, 2024	76	Apr 8, 2025	52	Jun 24, 2025	128
-20.79%	Oct 2, 2018	58	Dec 24, 2018	53	Mar 13, 2019	111
-15.11%	Oct 30, 2025	103	Mar 30, 2026	—	—	—

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading graphics...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 10 assets, with an effective number of assets of 10.00, 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	COST	CDNS	MSFT	USNQX	FTEC	VGT	IWY	VITAX	VONG	QQQ	Portfolio
Benchmark	1.00	0.53	0.66	0.72	0.90	0.89	0.90	0.93	0.90	0.94	0.91	0.90
COST	0.53	1.00	0.38	0.43	0.50	0.46	0.46	0.52	0.46	0.52	0.50	0.57
CDNS	0.66	0.38	1.00	0.62	0.71	0.74	0.74	0.71	0.74	0.72	0.72	0.80
MSFT	0.72	0.43	0.62	1.00	0.79	0.80	0.80	0.80	0.80	0.79	0.79	0.84
USNQX	0.90	0.50	0.71	0.79	1.00	0.95	0.95	0.96	0.96	0.96	0.99	0.96
FTEC	0.89	0.46	0.74	0.80	0.95	1.00	1.00	0.95	1.00	0.95	0.96	0.97
VGT	0.90	0.46	0.74	0.80	0.95	1.00	1.00	0.95	1.00	0.95	0.96	0.97
IWY	0.93	0.52	0.71	0.80	0.96	0.95	0.95	1.00	0.95	0.99	0.97	0.96
VITAX	0.90	0.46	0.74	0.80	0.96	1.00	1.00	0.95	1.00	0.95	0.96	0.97
VONG	0.94	0.52	0.72	0.79	0.96	0.95	0.95	0.99	0.95	1.00	0.97	0.96
QQQ	0.91	0.50	0.72	0.79	0.99	0.96	0.96	0.97	0.96	0.97	1.00	0.97
Portfolio	0.90	0.57	0.80	0.84	0.96	0.97	0.97	0.96	0.97	0.96	0.97	1.00

The correlation results are calculated based on daily price changes starting from Oct 25, 2013

Optimizer Updated Top 10

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