Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Charles No REIT, 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 Sep 27, 2011, corresponding to the inception date of VSIAX
Returns By Period
As of Apr 16, 2026, the Charles No REIT returned 5.07% Year-To-Date and 12.51% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.80% | 4.83% | 2.59% | 5.27% | 30.14% | 19.29% | 10.91% | 12.94% |
Portfolio Charles No REIT | -0.02% | 4.91% | 5.07% | 7.78% | 33.92% | 18.88% | 9.84% | 12.51% |
| Portfolio components: | ||||||||
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares | 1.15% | 4.33% | 2.52% | 5.00% | 31.44% | 20.26% | 11.15% | 14.27% |
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 0.29% | 5.75% | 8.15% | 10.63% | 34.13% | 15.66% | 8.33% | 10.48% |
VXUS Vanguard Total International Stock ETF | -0.19% | 5.70% | 9.67% | 13.98% | 39.76% | 17.42% | 8.28% | 9.36% |
VWO Vanguard FTSE Emerging Markets ETF | 0.19% | 5.58% | 8.05% | 9.02% | 37.23% | 16.25% | 5.25% | 8.28% |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 0.04% | 5.76% | 9.36% | 12.62% | 41.02% | 15.77% | 6.27% | 8.24% |
Monthly Returns
Based on dividend-adjusted daily data since Sep 28, 2011, Charles No REIT's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +13.0%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, Charles No REIT closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was Mar 16, 2020 at -12.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.16% | 1.36% | -5.75% | 6.62% | 5.07% | ||||||||
| 2025 | 2.97% | -1.39% | -4.12% | -0.27% | 5.76% | 4.76% | 1.50% | 3.19% | 3.04% | 1.46% | 0.58% | 0.60% | 19.20% |
| 2024 | -0.68% | 4.56% | 3.49% | -3.95% | 4.41% | 1.46% | 3.00% | 1.81% | 2.36% | -1.64% | 5.20% | -3.62% | 17.05% |
| 2023 | 7.65% | -2.87% | 1.32% | 0.81% | -1.10% | 6.64% | 4.08% | -2.82% | -4.46% | -3.22% | 9.00% | 6.30% | 22.06% |
| 2022 | -4.98% | -1.98% | 1.96% | -8.00% | 0.42% | -8.47% | 7.90% | -3.59% | -9.57% | 7.24% | 7.14% | -4.89% | -17.45% |
| 2021 | 0.28% | 3.86% | 3.24% | 4.43% | 1.24% | 1.40% | 0.37% | 2.45% | -3.97% | 5.37% | -2.33% | 3.82% | 21.61% |
Benchmark Metrics
Charles No REIT has an annualized alpha of -0.13%, beta of 0.98, and R² of 0.96 versus S&P 500 Index. Calculated based on daily prices since September 28, 2011.
- With beta of 0.98 and R² of 0.96, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.13%
- Beta
- 0.98
- R²
- 0.96
- Upside Capture
- 98.11%
- Downside Capture
- 99.85%
Expense Ratio
Charles No REIT has an expense ratio of 0.05%, 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.
Return for Risk
Risk / Return Rank
Charles No REIT ranks 56 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.62 | 2.30 | +0.32 |
Sortino ratioReturn per unit of downside risk | 3.65 | 3.18 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.43 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.88 | 3.40 | +0.47 |
Martin ratioReturn relative to average drawdown | 16.98 | 15.35 | +1.62 |
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 | |
|---|---|---|---|---|---|---|
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares | 60 | 2.33 | 3.24 | 1.43 | 3.89 | 17.58 |
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 51 | 2.10 | 3.07 | 1.37 | 4.20 | 14.75 |
VXUS Vanguard Total International Stock ETF | 73 | 2.82 | 3.77 | 1.52 | 3.73 | 14.94 |
VWO Vanguard FTSE Emerging Markets ETF | 63 | 2.46 | 3.36 | 1.46 | 3.45 | 12.72 |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 76 | 3.00 | 3.95 | 1.56 | 3.75 | 14.95 |
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Dividends
Dividend yield
Charles No REIT provided a 1.62% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.62% | 1.75% | 1.89% | 1.99% | 2.08% | 1.72% | 1.61% | 2.15% | 2.33% | 1.96% | 2.13% | 2.21% |
| Portfolio components: | ||||||||||||
VTSAX Vanguard Total Stock Market Index Fund Admiral Shares | 1.09% | 1.11% | 1.26% | 1.42% | 1.65% | 1.20% | 1.41% | 1.76% | 2.03% | 1.71% | 1.92% | 1.98% |
VSIAX Vanguard Small-Cap Value Index Fund Admiral Shares | 1.81% | 1.95% | 1.98% | 2.10% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
VXUS Vanguard Total International Stock ETF | 2.77% | 3.18% | 3.37% | 3.24% | 3.09% | 3.10% | 2.14% | 3.06% | 3.18% | 2.73% | 2.93% | 2.83% |
VWO Vanguard FTSE Emerging Markets ETF | 2.50% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
VSS Vanguard FTSE All-World ex-US Small-Cap ETF | 3.10% | 3.39% | 3.44% | 3.14% | 2.30% | 2.74% | 1.90% | 3.25% | 2.80% | 2.83% | 2.93% | 2.66% |
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 Charles No REIT. 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 Charles No REIT was 36.11%, occurring on Mar 23, 2020. Recovery took 111 trading sessions.
The current Charles No REIT drawdown is 0.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.11% | Feb 13, 2020 | 27 | Mar 23, 2020 | 111 | Aug 28, 2020 | 138 |
| -25.32% | Nov 9, 2021 | 225 | Sep 30, 2022 | 332 | Jan 29, 2024 | 557 |
| -19.29% | Aug 30, 2018 | 80 | Dec 24, 2018 | 89 | May 3, 2019 | 169 |
| -18.4% | May 22, 2015 | 183 | Feb 11, 2016 | 122 | Aug 5, 2016 | 305 |
| -17.57% | Feb 19, 2025 | 35 | Apr 8, 2025 | 43 | Jun 10, 2025 | 78 |
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 5 assets, with an effective number of assets of 2.44, 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
| Benchmark | VWO | VSIAX | VSS | VXUS | VTSAX | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.70 | 0.83 | 0.78 | 0.81 | 0.99 | 0.97 |
| VWO | 0.70 | 1.00 | 0.63 | 0.84 | 0.88 | 0.70 | 0.78 |
| VSIAX | 0.83 | 0.63 | 1.00 | 0.74 | 0.74 | 0.87 | 0.91 |
| VSS | 0.78 | 0.84 | 0.74 | 1.00 | 0.95 | 0.79 | 0.87 |
| VXUS | 0.81 | 0.88 | 0.74 | 0.95 | 1.00 | 0.81 | 0.89 |
| VTSAX | 0.99 | 0.70 | 0.87 | 0.79 | 0.81 | 1.00 | 0.98 |
| Portfolio | 0.97 | 0.78 | 0.91 | 0.87 | 0.89 | 0.98 | 1.00 |