free leverage ;D
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 150% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | Ultrashort Bond | 150% |
SPAXX Fidelity Government Money Market Fund | Money Market | 170% |
SWVXX Schwab Value Advantage Money Fund | 170% | |
USD=X USD Cash | -900% | |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | Government Bonds | 150% |
VMFXX Vanguard Federal Money Market Fund | Money Market | 210% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in free leverage ;D, 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.
The earliest data available for this chart is Feb 4, 2014, corresponding to the inception date of USFR
Returns By Period
As of Mar 1, 2025, the free leverage ;D returned 4.19% Year-To-Date and 19.70% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 1.24% | -1.42% | 5.42% | 15.91% | 14.73% | 11.02% |
| free leverage ;D | 4.76% | 1.47% | 24.02% | 60.84% | 28.28% | 19.78% |
| Portfolio components: | ||||||
SWVXX Schwab Value Advantage Money Fund | 0.37% | 0.00% | 2.19% | 4.85% | 2.36% | 1.60% |
SPAXX Fidelity Government Money Market Fund | 0.34% | 0.00% | 2.28% | 4.44% | 2.18% | 1.20% |
VMFXX Vanguard Federal Money Market Fund | 0.00% | 0.00% | 1.60% | 4.34% | 2.30% | 1.59% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 1.00% | 0.37% | 3.26% | 7.65% | 4.49% | 3.82% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 0.75% | 0.33% | 2.46% | 5.18% | 2.57% | 1.85% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 0.67% | 0.32% | 2.29% | 4.96% | 2.32% | 1.62% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Monthly Returns
The table below presents the monthly returns of free leverage ;D, 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 | 3.24% | 4.76% | |||||||||||
| 2024 | 5.52% | 4.57% | 3.75% | 5.27% | 4.53% | 3.30% | 5.86% | 3.95% | 4.83% | 4.40% | 3.63% | 4.39% | 69.53% |
| 2023 | 6.11% | 3.53% | 3.06% | 4.11% | 4.25% | 4.65% | 5.10% | 4.66% | 3.17% | 4.93% | 5.23% | 4.73% | 68.73% |
| 2022 | 0.26% | -0.77% | -0.19% | 0.10% | -1.48% | -0.90% | 1.87% | 2.87% | 0.05% | 2.02% | 3.32% | 3.47% | 10.98% |
| 2021 | 1.11% | 0.39% | 0.16% | 0.43% | 0.25% | 0.41% | 0.05% | 0.35% | 0.57% | -0.15% | -0.14% | 0.46% | 3.98% |
| 2020 | 2.01% | 0.81% | -11.05% | 6.77% | 3.27% | 1.59% | 1.69% | 1.18% | 0.72% | 0.37% | 1.36% | 1.03% | 9.12% |
| 2019 | 2.75% | 2.57% | 1.31% | 2.86% | 1.28% | 1.46% | 2.37% | 1.54% | 2.04% | 1.37% | 1.66% | 1.95% | 25.77% |
| 2018 | 1.59% | 1.00% | 1.21% | 1.20% | 1.35% | 1.29% | 1.54% | 1.67% | 1.26% | 1.27% | 0.94% | 0.24% | 15.54% |
| 2017 | 0.55% | 0.95% | 0.22% | 0.74% | 1.51% | 0.63% | 1.27% | 0.48% | 1.39% | 1.24% | 0.71% | 0.93% | 11.13% |
| 2016 | -0.64% | 0.11% | 1.35% | 1.31% | 0.37% | 0.58% | 1.47% | 0.11% | 1.10% | 0.69% | -0.02% | 1.26% | 7.95% |
| 2015 | 0.40% | 0.97% | -0.39% | 1.97% | 0.15% | -0.45% | 0.64% | -1.97% | 0.96% | -0.23% | -1.05% | 0.06% | 0.99% |
| 2014 | 0.06% | -0.17% | 0.42% | 0.61% | 0.51% | 0.35% | 0.27% | -0.32% | -0.47% | 0.41% | -0.60% | 1.07% |
Expense Ratio
free leverage ;D features an expense ratio of 0.78%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 100, free leverage ;D is among the top 0% 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.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
SWVXX Schwab Value Advantage Money Fund | 3.40 | — | — | — | — |
SPAXX Fidelity Government Money Market Fund | 3.44 | — | — | — | — |
VMFXX Vanguard Federal Money Market Fund | 3.28 | — | — | — | — |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.66 | 22.06 | 9.49 | 56.71 | 283.03 |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 15.56 | 52.59 | 13.69 | 82.32 | 731.08 |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 19.14 | 243.85 | 141.79 | 430.07 | 3,961.09 |
USD=X USD Cash | — | — | — | — | — |
Dividends
Dividend yield
free leverage ;D provided a 41.35% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 41.35% | 44.38% | 44.09% | 16.26% | 4.09% | 8.52% | 18.79% | 14.32% | 8.15% | 4.67% | 3.82% | 3.84% |
| Portfolio components: | ||||||||||||
SWVXX Schwab Value Advantage Money Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPAXX Fidelity Government Money Market Fund | 4.33% | 4.81% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMFXX Vanguard Federal Money Market Fund | 4.61% | 5.11% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% | 0.00% | 0.00% | 0.00% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 6.72% | 6.78% | 7.08% | 4.07% | 2.67% | 4.06% | 4.32% | 3.97% | 3.01% | 2.76% | 2.55% | 2.56% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.95% | 5.17% | 5.12% | 1.78% | 0.02% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.54% | 5.03% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
USD=X USD Cash | 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.
Worst Drawdowns
The table below displays the maximum drawdowns of the free leverage ;D. 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 free leverage ;D was 18.66%, occurring on Mar 25, 2020. Recovery took 80 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.66% | Feb 25, 2020 | 22 | Mar 25, 2020 | 80 | Jul 15, 2020 | 102 |
| -3.79% | Jan 20, 2022 | 121 | Jul 6, 2022 | 28 | Aug 12, 2022 | 149 |
| -3.21% | Jun 23, 2015 | 152 | Jan 20, 2016 | 89 | May 23, 2016 | 241 |
| -1.95% | Aug 27, 2014 | 80 | Dec 16, 2014 | 46 | Feb 18, 2015 | 126 |
| -1.35% | Sep 21, 2022 | 7 | Sep 29, 2022 | 12 | Oct 17, 2022 | 19 |
Volatility
Volatility Chart
The current free leverage ;D volatility is 0.75%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| USD=X | ENIAX | SWVXX | USFR | BIL | SPAXX | VMFXX | |
|---|---|---|---|---|---|---|---|
| USD=X | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| ENIAX | 0.00 | 1.00 | 0.00 | 0.05 | 0.06 | 0.04 | 0.02 |
| SWVXX | 0.00 | 0.00 | 1.00 | 0.02 | 0.05 | 0.03 | 0.08 |
| USFR | 0.00 | 0.05 | 0.02 | 1.00 | 0.19 | 0.04 | 0.04 |
| BIL | 0.00 | 0.06 | 0.05 | 0.19 | 1.00 | 0.06 | 0.04 |
| SPAXX | 0.00 | 0.04 | 0.03 | 0.04 | 0.06 | 1.00 | 0.58 |
| VMFXX | 0.00 | 0.02 | 0.08 | 0.04 | 0.04 | 0.58 | 1.00 |