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 Jul 14, 2026, the Dividend Income Portfolio returned 11.25% Year-To-Date and 6.32% of annualized return in the last 10 years.
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -0.79% | 1.13% | 7.71% | 9.79% | 20.06% | 18.60% | 11.43% | 13.27% |
Portfolio Dividend Income Portfolio | 0.31% | 0.84% | 9.24% | 11.25% | 12.05% | 9.84% | 4.89% | 6.32% |
| Portfolio components: | ||||||||
HYG iShares iBoxx $ High Yield Corporate Bond ETF | -0.24% | -0.06% | 1.07% | 1.59% | 5.35% | 8.13% | 3.62% | 4.65% |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 0.64% | 2.39% | 15.42% | 19.77% | 17.53% | 12.29% | 8.01% | 8.62% |
VNQ Vanguard Real Estate ETF | 0.52% | 0.19% | 11.34% | 12.72% | 13.21% | 8.55% | 2.42% | 4.90% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 11, 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, 65% of months were positive and 35% 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% | 1.53% | 1.42% | 11.25% | |||||
| 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 -0.76%, beta of 0.80, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since April 11, 2007.
- This portfolio participated in 83.07% of S&P 500 Index downside but only 72.33% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.76%
- Beta
- 0.80
- R²
- 0.72
- Upside Capture
- 72.33%
- Downside Capture
- 83.07%
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 30 for risk / return — below 30% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Dividend Income Portfolio 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 | 1.32 | 1.61 | -0.29 |
| Sortino ratioReturn per unit of downside risk | 1.97 | 2.22 | -0.26 |
| Omega ratioGain probability vs. loss probability | 1.23 | 1.29 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.21 | +0.16 |
| Martin ratioReturn relative to average drawdown | 7.29 | 9.61 | -2.31 |
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 | 57 | 1.40 | 2.11 | 1.27 | 2.30 | 10.14 |
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 45 | 1.25 | 1.92 | 1.21 | 1.98 | 5.55 |
VNQ Vanguard Real Estate ETF | 34 | 0.95 | 1.38 | 1.17 | 1.59 | 4.99 |
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Dividends
Dividend yield
Dividend Income Portfolio provided a 4.58% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.58% | 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 | 5.92% | 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 | 4.27% | 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 | 3.55% | 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 59.62%, occurring on Mar 6, 2009. Recovery took 723 trading sessions.
The current Dividend Income Portfolio drawdown is 0.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.62%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
The gist
The portfolio is really a three-way bet on income-sensitive assets behaving differently enough to matter, though VNQ (REIT) and PEY (Mid Cap Value Equities, Dividend) mostly behave like cousins, not strangers.
The numbers
- The diversification ratio is 1.11 incept, 1.10 over 10Y, and 1.16 over 1Y, which lands in the 20th–27th percentiles on the platform; that is modest diversification, not much more.
- Effective asset count is 3.0 of 3, so the issue is not position count but correlation structure.
- Correlations run 0.49–0.70, with VNQ and PEY at 0.70; the portfolio is therefore closer to two sleeves plus a satellite than three independent engines.
The good
- HYG (High Yield Bonds) is structurally different from the equity-heavy half of the portfolio, and its 0.66 portfolio correlation gives the mix at least one real diversifying leg.
- The equal weights make the exposure arithmetic clean. Nothing is hiding in a tiny line item.
The bad
- VNQ and PEY sit in the same broad macro neighborhood: rates, growth, and income preferences. That is why their correlation is 0.70, which is rather a lot for two supposed diversifiers.
- The diversification ratio staying near 1.1 across 1Y, 3Y, 5Y, 10Y, and inception says the structure has been consistently only mildly diversified.
The ugly
- In a credit-spread widening or rates-up shock, HYG and VNQ can both lose their separate personalities at once, while PEY does not provide much shelter; the portfolio then discovers that “income” is not a risk factor so much as a family resemblance.
Next steps
- Portfolios with this profile are usually complemented by exposures whose return drivers sit outside credit spreads and property yields.
- The VNQ/PEY cluster suggests the equity sleeve is more single-theme than three-part.
- The portfolio would read as cleaner if its lower-correlation asset had a more distinct macro driver.
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 | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | 0.78 |
Benchmark Correlations
Correlation vs. S&P 500 Index. PEY has the highest benchmark correlation at 0.74, 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