50/50
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
SPAXX Fidelity Government Money Market Fund | Money Market | 50% |
SPY SPDR S&P 500 ETF | Large Cap Growth Equities | 50% |
Performance
Performance Chart
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The earliest data available for this chart is Dec 15, 1999, corresponding to the inception date of SPAXX
Returns By Period
As of May 30, 2025, the 50/50 returned 0.91% Year-To-Date and 7.22% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.52% | 6.32% | -1.44% | 12.25% | 14.20% | 10.84% |
| 50/50 | 0.91% | 3.22% | 0.34% | 8.78% | 9.19% | 7.22% |
| Portfolio components: | ||||||
SPY SPDR S&P 500 ETF | 0.98% | 6.45% | -0.84% | 13.58% | 15.83% | 12.73% |
SPAXX Fidelity Government Money Market Fund | 0.65% | 0.00% | 1.37% | 3.90% | 2.32% | 1.28% |
Monthly Returns
The table below presents the monthly returns of 50/50, 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 | 1.67% | -0.64% | -2.78% | -0.43% | 3.20% | 0.91% | |||||||
| 2024 | 1.23% | 2.82% | 1.68% | -1.60% | 2.68% | 1.76% | 1.02% | 1.17% | 1.47% | -0.25% | 2.96% | -0.88% | 14.87% |
| 2023 | 3.47% | -1.14% | 2.04% | 0.80% | 0.62% | 3.46% | 1.84% | -0.62% | -2.39% | -0.67% | 4.70% | 2.34% | 15.18% |
| 2022 | -2.63% | -1.43% | 1.78% | -4.35% | 0.12% | -3.91% | 4.58% | -2.00% | -4.64% | 4.14% | 3.00% | -3.04% | -8.64% |
| 2021 | -0.51% | 1.39% | 2.29% | 2.65% | 0.34% | 1.15% | 1.22% | 1.51% | -2.39% | 3.49% | -0.41% | 2.37% | 13.75% |
| 2020 | 0.03% | -3.91% | -6.03% | 6.30% | 2.51% | 0.90% | 2.96% | 3.61% | -2.02% | -1.25% | 5.39% | 1.92% | 10.11% |
| 2019 | 4.02% | 1.69% | 0.94% | 2.05% | -3.26% | 3.53% | 0.84% | -0.77% | 1.04% | 1.17% | 1.89% | 1.54% | 15.49% |
| 2018 | 2.81% | -1.86% | -1.37% | 0.26% | 1.23% | 0.29% | 1.85% | 1.63% | 0.31% | -3.46% | 0.89% | -4.25% | -1.92% |
| 2017 | 0.89% | 1.98% | 0.07% | 0.50% | 0.71% | 0.32% | 1.03% | 0.15% | 1.02% | 1.18% | 1.55% | 0.63% | 10.47% |
| 2016 | -2.48% | -0.04% | 3.26% | 0.20% | 0.85% | 0.17% | 1.84% | 0.06% | -0.01% | -0.87% | 1.83% | 1.03% | 5.89% |
| 2015 | -1.47% | 2.75% | -0.79% | 0.49% | 0.64% | -1.02% | 1.13% | -3.08% | -1.21% | 4.29% | 0.19% | -0.88% | 0.82% |
| 2014 | -1.77% | 2.24% | 0.41% | 0.35% | 1.17% | 1.05% | -0.67% | 1.96% | -0.70% | 1.18% | 1.39% | -0.12% | 6.61% |
Expense Ratio
50/50 has an expense ratio of 0.04%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of 50/50 is 60, indicating average performance compared to other portfolios on our website. Here’s 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 | |
|---|---|---|---|---|---|
SPY SPDR S&P 500 ETF | 0.66 | 1.06 | 1.16 | 0.71 | 2.66 |
SPAXX Fidelity Government Money Market Fund | 3.03 | — | — | — | — |
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Dividends
Dividend yield
50/50 provided a 2.85% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.85% | 3.01% | 3.04% | 1.48% | 0.61% | 0.89% | 1.36% | 1.02% | 0.90% | 1.02% | 1.03% | 0.93% |
| Portfolio components: | ||||||||||||
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
SPAXX Fidelity Government Money Market Fund | 4.48% | 4.81% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 50/50. 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 50/50 was 31.81%, occurring on Mar 9, 2009. Recovery took 743 trading sessions.
The current 50/50 drawdown is 1.65%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -31.81% | Oct 10, 2007 | 355 | Mar 9, 2009 | 743 | Feb 16, 2012 | 1098 |
| -26.36% | Mar 27, 2000 | 637 | Oct 9, 2002 | 998 | Sep 26, 2006 | 1635 |
| -17.23% | Feb 20, 2020 | 23 | Mar 23, 2020 | 93 | Aug 3, 2020 | 116 |
| -12.48% | Jan 4, 2022 | 197 | Oct 12, 2022 | 189 | Jul 12, 2023 | 386 |
| -9.71% | Sep 21, 2018 | 65 | Dec 24, 2018 | 68 | Apr 3, 2019 | 133 |
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 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| ^GSPC | SPAXX | SPY | Portfolio | |
|---|---|---|---|---|
| ^GSPC | 1.00 | -0.02 | 0.98 | 0.98 |
| SPAXX | -0.02 | 1.00 | -0.02 | 0.00 |
| SPY | 0.98 | -0.02 | 1.00 | 1.00 |
| Portfolio | 0.98 | 0.00 | 1.00 | 1.00 |