ChatGPT September Defensive Tilt 2

Asset Allocation

Position	Category/Sector	Target Weight
GLD SPDR Gold Shares	Gold, Precious Metals	10%
QQQ Invesco QQQ ETF	Large Cap Growth Equities	20%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	30%
SCHG Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	10%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	10%
TLT iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	10%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	5%
XLU Utilities Select Sector SPDR Fund	Utilities Equities	5%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ChatGPT September Defensive Tilt 2, 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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The earliest data available for this chart is Oct 20, 2011, corresponding to the inception date of SCHD

Returns By Period

As of Apr 1, 2026, the ChatGPT September Defensive Tilt 2 returned 3.67% Year-To-Date and 15.13% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	2.91%	-5.09%	-4.63%	-2.39%	16.33%	16.69%	10.18%	12.16%
Portfolio ChatGPT September Defensive Tilt 2	2.25%	-4.99%	3.67%	7.33%	25.76%	19.57%	12.08%	15.13%
Portfolio components:
SCHD Schwab U.S. Dividend Equity ETF	0.66%	-2.61%	12.79%	14.49%	13.97%	12.05%	8.44%	12.31%
QQQ Invesco QQQ ETF	3.39%	-4.84%	-5.93%	-3.62%	23.68%	22.32%	12.88%	18.85%
SMH VanEck Semiconductor ETF	5.76%	-5.65%	6.46%	17.84%	81.87%	43.47%	25.59%	31.28%
TLT iShares 20+ Year Treasury Bond ETF	-0.10%	-4.23%	0.17%	-0.87%	-0.49%	-2.78%	-5.85%	-1.38%
VEA Vanguard FTSE Developed Markets ETF	3.30%	-8.61%	2.75%	8.94%	30.06%	16.07%	8.57%	9.37%
GLD SPDR Gold Shares	3.79%	-11.05%	8.57%	21.05%	49.33%	32.92%	21.58%	13.92%
XLU Utilities Select Sector SPDR Fund	-0.07%	-3.18%	8.25%	6.77%	19.71%	14.12%	10.80%	9.74%
SCHG Schwab U.S. Large-Cap Growth ETF	3.67%	-5.12%	-10.59%	-8.51%	16.81%	21.91%	12.55%	16.83%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 21, 2011, ChatGPT September Defensive Tilt 2's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, your investment would double in approximately 5.0 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +11.0%, while the worst month was Sep 2022 at -9.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ChatGPT September Defensive Tilt 2 closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +8.0%, while the worst single day was Mar 16, 2020 at -8.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	5.46%	3.46%	-4.99%										3.67%
2025	2.36%	0.34%	-2.58%	-1.28%	4.60%	4.89%	1.18%	2.56%	4.25%	2.63%	0.79%	0.09%	21.38%
2024	0.73%	3.81%	3.94%	-3.53%	4.80%	2.65%	2.30%	1.81%	2.24%	-0.74%	3.28%	-3.14%	19.25%
2023	7.12%	-2.51%	5.26%	-0.26%	1.67%	4.24%	3.19%	-2.05%	-5.25%	-2.05%	8.60%	5.77%	25.22%
2022	-5.45%	-1.85%	2.43%	-8.45%	0.98%	-7.60%	7.11%	-4.40%	-8.95%	4.45%	8.10%	-4.78%	-18.61%
2021	-0.68%	1.14%	3.50%	3.56%	1.61%	1.64%	2.00%	2.37%	-4.42%	5.25%	0.89%	3.48%	21.94%

Benchmark Metrics

ChatGPT September Defensive Tilt 2 has an annualized alpha of 4.34%, beta of 0.77, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since October 21, 2011.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (88.96%) than losses (74.13%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.34% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 4.34%

Beta: 0.77

R²: 0.92

Upside Capture: 88.96%

Downside Capture: 74.13%

Expense Ratio

ChatGPT September Defensive Tilt 2 has an expense ratio of 0.16%, 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.

GLD

SPDR Gold Shares

SMH

VanEck Semiconductor ETF

QQQ

Invesco QQQ ETF

TLT

iShares 20+ Year Treasury Bond ETF

XLU

Utilities Select Sector SPDR Fund

SCHD

Schwab U.S. Dividend Equity ETF

SCHG

Schwab U.S. Large-Cap Growth ETF

VEA

Vanguard FTSE Developed Markets ETF

Return for Risk

Risk / Return Rank

ChatGPT September Defensive Tilt 2 ranks 84 for risk / return — in the top 84% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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	1.68	0.90	+0.78
Sortino ratio Return per unit of downside risk	2.42	1.39	+1.03
Omega ratio Gain probability vs. loss probability	1.37	1.21	+0.16
Calmar ratio Return relative to maximum drawdown	2.44	1.40	+1.04
Martin ratio Return relative to average drawdown	12.21	6.61	+5.60
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
SCHD Schwab U.S. Dividend Equity ETF	52	0.89	1.35	1.19	1.19	3.99
QQQ Invesco QQQ ETF	69	1.05	1.63	1.23	1.88	6.95
SMH VanEck Semiconductor ETF	95	2.23	2.85	1.40	5.10	18.29
TLT iShares 20+ Year Treasury Bond ETF	12	-0.04	0.02	1.00	0.05	0.11
VEA Vanguard FTSE Developed Markets ETF	87	1.72	2.35	1.35	2.50	9.82
GLD SPDR Gold Shares	87	1.79	2.21	1.33	2.68	9.90
XLU Utilities Select Sector SPDR Fund	71	1.25	1.71	1.23	2.29	5.51
SCHG Schwab U.S. Large-Cap Growth ETF	46	0.75	1.23	1.17	1.03	3.54

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.

ChatGPT September Defensive Tilt 2 Sharpe ratios as of Apr 1, 2026 (values are recalculated daily):

1-Year: 1.68
5-Year: 0.83
10-Year: 1.03
All Time: 1.06

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 0.97 to 1.64, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of ChatGPT September Defensive Tilt 2 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

ChatGPT September Defensive Tilt 2 provided a 1.93% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.93%	2.04%	2.03%	1.94%	1.91%	1.46%	1.59%	1.80%	2.01%	1.75%	1.85%	2.02%
Portfolio components:
SCHD Schwab U.S. Dividend Equity ETF	3.44%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
QQQ Invesco QQQ ETF	0.49%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
SMH VanEck Semiconductor ETF	0.29%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
TLT iShares 20+ Year Treasury Bond ETF	4.49%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%
VEA Vanguard FTSE Developed Markets ETF	2.93%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XLU Utilities Select Sector SPDR Fund	2.59%	2.71%	2.96%	3.39%	2.92%	2.79%	3.14%	2.95%	3.33%	3.33%	3.41%	3.67%
SCHG Schwab U.S. Large-Cap Growth ETF	0.43%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

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 ChatGPT September Defensive Tilt 2. 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 ChatGPT September Defensive Tilt 2 was 25.71%, occurring on Oct 14, 2022. Recovery took 293 trading sessions.

The current ChatGPT September Defensive Tilt 2 drawdown is 5.25%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-25.71%	Dec 28, 2021	202	Oct 14, 2022	293	Dec 14, 2023	495
-24.39%	Feb 20, 2020	22	Mar 20, 2020	53	Jun 5, 2020	75
-14.66%	Feb 21, 2025	33	Apr 8, 2025	42	Jun 9, 2025	75
-13.9%	Aug 30, 2018	80	Dec 24, 2018	53	Mar 13, 2019	133
-10.61%	May 28, 2015	63	Aug 25, 2015	140	Mar 16, 2016	203

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 8 assets, with an effective number of assets of 5.71, 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	GLD	TLT	XLU	SMH	SCHD	VEA	QQQ	SCHG	Portfolio
Benchmark	1.00	0.04	-0.21	0.41	0.77	0.83	0.81	0.90	0.94	0.94
GLD	0.04	1.00	0.24	0.14	0.04	0.03	0.18	0.04	0.04	0.21
TLT	-0.21	0.24	1.00	0.11	-0.18	-0.21	-0.17	-0.15	-0.17	-0.04
XLU	0.41	0.14	0.11	1.00	0.18	0.48	0.36	0.28	0.30	0.45
SMH	0.77	0.04	-0.18	0.18	1.00	0.58	0.65	0.83	0.79	0.83
SCHD	0.83	0.03	-0.21	0.48	0.58	1.00	0.74	0.63	0.66	0.81
VEA	0.81	0.18	-0.17	0.36	0.65	0.74	1.00	0.71	0.74	0.82
QQQ	0.90	0.04	-0.15	0.28	0.83	0.63	0.71	1.00	0.96	0.90
SCHG	0.94	0.04	-0.17	0.30	0.79	0.66	0.74	0.96	1.00	0.90
Portfolio	0.94	0.21	-0.04	0.45	0.83	0.81	0.82	0.90	0.90	1.00

The correlation results are calculated based on daily price changes starting from Oct 21, 2011

ChatGPT September Defensive Tilt 2

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