Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | High Yield Bonds | 33.33% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | Mid Cap Value Equities, Dividend | 33.33% |
VNQ Vanguard Real Estate ETF | REIT | 33.33% |
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dividend Income Portfolio, 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 3, 2026, the Dividend Income Portfolio returned 7.66% Year-To-Date and 6.54% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.13% | 5.25% | 11.16% | 11.43% | 28.20% | 21.12% | 12.66% | 13.75% |
Portfolio Dividend Income Portfolio | 0.14% | 0.41% | 7.66% | 7.77% | 11.63% | 9.93% | 4.21% | 6.54% |
| Portfolio components: | ||||||||
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 0.08% | 0.31% | 1.60% | 2.09% | 7.00% | 8.58% | 3.87% | 4.97% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | -0.11% | 2.61% | 13.54% | 14.20% | 18.05% | 11.50% | 5.91% | 8.66% |
VNQ Vanguard Real Estate ETF | 0.46% | -1.60% | 7.96% | 7.15% | 9.88% | 9.19% | 2.21% | 5.22% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 12, 2007, Dividend Income Portfolio's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +20.6%, while the worst month was Oct 2008 at -19.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Dividend Income Portfolio closed higher 54% of trading days. The best single day was Sep 18, 2008 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.24% | 2.13% | -2.88% | 5.26% | 0.23% | -0.35% | 7.66% | ||||||
| 2025 | 1.89% | 2.14% | -2.01% | -3.21% | 1.81% | 1.24% | 0.49% | 3.10% | -0.19% | -1.31% | 1.02% | -0.73% | 4.12% |
| 2024 | -2.97% | 0.08% | 2.69% | -4.16% | 2.60% | -0.03% | 6.84% | 2.78% | 1.97% | -1.81% | 4.24% | -5.47% | 6.20% |
| 2023 | 5.91% | -3.83% | -0.93% | 0.39% | -4.46% | 4.27% | 2.72% | 0.03% | -5.26% | -3.00% | 8.15% | 7.20% | 10.49% |
| 2022 | -3.20% | -1.46% | 2.71% | -3.87% | 0.83% | -7.07% | 6.22% | -4.36% | -8.57% | 6.05% | 4.78% | -3.42% | -12.04% |
| 2021 | 0.08% | 3.66% | 5.15% | 3.59% | 1.19% | 0.68% | 0.89% | 1.32% | -2.91% | 3.30% | -2.19% | 6.61% | 23.07% |
Benchmark Metrics
Dividend Income Portfolio has an annualized alpha of -1.00%, beta of 0.81, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since April 12, 2007.
- This portfolio participated in 83.73% of S&P 500 Index downside but only 71.96% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.00%
- Beta
- 0.81
- R²
- 0.73
- Upside Capture
- 71.96%
- Downside Capture
- 83.73%
Expense Ratio
Dividend Income Portfolio has an expense ratio of 0.39%, 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
Dividend Income Portfolio ranks 17 for risk / return — in the bottom 17% 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.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Dividend Income Portfolio and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.31 | 2.39 | -1.08 |
Sortino ratioReturn per unit of downside risk | 1.95 | 3.25 | -1.30 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.43 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 3.11 | -0.82 |
Martin ratioReturn relative to average drawdown | 7.08 | 14.38 | -7.30 |
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.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 60 | 1.85 | 2.80 | 1.36 | 2.99 | 13.22 |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 37 | 1.30 | 2.00 | 1.22 | 1.99 | 5.57 |
VNQ Vanguard Real Estate ETF | 23 | 0.75 | 1.11 | 1.14 | 1.20 | 3.80 |
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Dividends
Dividend yield
Dividend Income Portfolio provided a 4.68% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.68% | 4.83% | 4.77% | 4.76% | 4.48% | 3.47% | 4.37% | 4.05% | 4.87% | 4.19% | 4.40% | 4.42% |
| Portfolio components: | ||||||||||||
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.90% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.45% | 4.85% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% |
VNQ Vanguard Real Estate ETF | 3.69% | 3.92% | 3.85% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% |
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 Dividend Income Portfolio. 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 Dividend Income Portfolio was 59.63%, occurring on Mar 6, 2009. Recovery took 723 trading sessions.
The current Dividend Income Portfolio drawdown is 0.60%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.63%Mar 2009 | 1y 10mo | 2y 10mo | 4y 8moApr 2007 - Jan 2012 |
COVID crash2020 | -35.33%Mar 2020 | 1mo 4d | 10mo 23d | 11mo 27dFeb 2020 - Feb 2021 |
Bear market2022 | -19.08%Oct 2022 | 9mo 8d | 1y 9mo | 2y 6moJan 2022 - Jul 2024 |
2025 selloff2025 | -12.76%Apr 2025 | 4mo 10d | 5mo 6d | 9mo 16dNov 2024 - Sep 2025 |
Rate-hike selloffLate 2018 | -11.45%Dec 2018 | 3mo 11d | 1mo 20d | 5mo 1dSep 2018 - Feb 2019 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
AI Analysis
Thesis
The portfolio is a three-way bet on income-bearing assets that live on the same broad macro weather system: credit spreads, rate sensitivity, and equity value all getting along at once.
The numbers
- The diversification ratio is 1.10–1.16 across horizons, which sits around the 20th–27th percentile on the platform; there is some diversification benefit, but not much of a conspiracy against correlation.
- Position counts look neat, with an effective number of assets of 3.0 out of 3; the issue is not concentration, it is shared risk factors.
- VNQ (Real Estate Investment Trusts, VNQ) and PEY (Dividend Mid Cap Value, PEY) sit in the same cluster, with portfolio correlations of 0.91 and 0.89 respectively, so most of the portfolio behaves like one sleeve plus a bond fund.
What works
- HYG (High Yield Bonds, HYG) is structurally different enough to prevent the portfolio from being a pure equity-realty duo.
- The equal weights make the exposures legible; there is no hidden dominance from one line item.
What does not
- VNQ and PEY are the real pair here, and 0.7 pairwise correlation is what diversification looks like when the assets have a shared sensitivity to rates and risk appetite.
- The portfolio’s low DR across 1Y, 3Y, 5Y, and inception says the correlation structure is persistent, which is a polite way of saying the parts have known each other for a while.
Stress Scenario
- A rate shock that widens credit spreads while pressuring REIT valuations and dividend equities would hit all three sleeves at once, with HYG cushioning less than the label suggests.
- If growth weakens enough to hurt equity multiples but not enough to force a broad rally in duration, the portfolio’s internal offsets stay pretty theoretical.
Worth knowing
- Portfolios with this correlation profile are usually complemented by exposures whose earnings drivers sit outside the credit-and-property cycle.
- The portfolio is diversified in the arithmetic sense and clustered in the economic sense, which is often how income portfolios are assembled when the income part is doing the conceptual heavy lifting.
Diversification Metrics
Number of Effective Assets
The portfolio contains 3 assets, with an effective number of assets of 3.00, 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 | 1.16 | 1.11 | 1.12 | 1.10 | 1.11 |
The portfolio has a diversification ratio of 1.11, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.
Dividend Income Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2007 | 0.78 |
Benchmark Correlations
Correlation vs. S&P 500 Index. PEY has the highest benchmark correlation at 0.75, while HYG has the lowest at 0.65.
Asset Correlations Table
Find what Dividend Income Portfolio is missing
See which holdings overlap, where Dividend Income Portfolio is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification