Safe income systematic hedge

Asset Allocation

Position	Category/Sector	Target Weight
AQMIX AQR Managed Futures Strategy Fund	Systematic Trend	10%
BTAL AGFiQ US Market Neutral Anti-Beta Fund	Long-Short	8%
BUI BlackRock Utilities, Infrastructure & Power Opportunities Trust	Financial Services	5%
DNP DNP Select Income Fund Inc.	Financial Services	5%
IAU iShares Gold Trust	Gold, Precious Metals	10%
QUAL iShares MSCI USA Quality Factor ETF	Large Cap Blend Equities	4%
RYMTX Guggenheim Managed Futures Strategy Fund	Systematic Trend	8%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	6%
SCHG Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	3%
SHV iShares Short Treasury Bond ETF	Government Bonds	5%
SPHQ Invesco S&P 500 Quality ETF	S&P 500, Large Cap Value Equities	4%
UUP Invesco DB US Dollar Index Bullish Fund	Currency	12%
VIG Vanguard Dividend Appreciation ETF	Dividend	6%
VONG Vanguard Russell 1000 Growth ETF	Large Cap Growth Equities	2%
VTI Vanguard Total Stock Market ETF	Large Cap Blend Equities	3%
VYM Vanguard High Dividend Yield ETF	Dividend	5%
XLK State Street Technology Select Sector SPDR ETF	Technology Equities	4%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Safe income systematic hedge, 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 Jul 18, 2013, corresponding to the inception date of QUAL

Returns By Period

As of Apr 2, 2026, the Safe income systematic hedge returned 3.14% Year-To-Date and 9.19% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Safe income systematic hedge	-0.04%	-2.42%	3.14%	5.56%	14.11%	12.81%	10.37%	9.19%
Portfolio components:
SCHD Schwab U.S. Dividend Equity ETF	0.16%	-2.44%	12.35%	13.88%	13.89%	11.70%	8.35%	12.30%
VYM Vanguard High Dividend Yield ETF	0.11%	-2.81%	3.80%	6.43%	17.34%	14.92%	11.04%	11.27%
VIG Vanguard Dividend Appreciation ETF	0.16%	-3.69%	-1.33%	0.36%	12.71%	13.72%	9.86%	12.36%
DNP DNP Select Income Fund Inc.	0.29%	-1.66%	4.87%	7.33%	13.62%	6.59%	8.91%	8.01%
BUI BlackRock Utilities, Infrastructure & Power Opportunities Trust	-1.39%	-10.74%	4.07%	5.83%	28.34%	12.00%	8.25%	11.35%
XLK State Street Technology Select Sector SPDR ETF	0.80%	-0.98%	-5.43%	-4.69%	30.55%	22.58%	15.84%	21.15%
BTAL AGFiQ US Market Neutral Anti-Beta Fund	1.23%	-1.89%	-2.85%	-8.42%	-29.50%	-8.40%	-1.47%	-3.19%
UUP Invesco DB US Dollar Index Bullish Fund	0.47%	1.46%	3.07%	4.62%	1.27%	4.90%	5.26%	3.13%
AQMIX AQR Managed Futures Strategy Fund	0.29%	2.13%	10.03%	13.14%	20.88%	13.42%	12.64%	4.46%
RYMTX Guggenheim Managed Futures Strategy Fund	0.19%	-1.82%	6.91%	10.53%	17.39%	5.93%	6.11%	2.72%

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

Monthly Returns

Based on dividend-adjusted daily data since Jul 19, 2013, Safe income systematic hedge's average daily return is +0.03%, while the average monthly return is +0.70%. At this rate, your investment would double in approximately 8.3 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +6.3%, while the worst month was Feb 2020 at -4.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Safe income systematic hedge closed higher 57% of trading days. The best single day was Mar 24, 2020 with a return of +4.0%, while the worst single day was Mar 16, 2020 at -4.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.44%	2.96%	-3.42%	0.27%									3.14%
2025	1.96%	0.58%	-0.28%	-0.77%	1.90%	1.45%	0.59%	1.74%	2.86%	1.02%	1.06%	0.40%	13.20%
2024	1.77%	2.81%	2.94%	-0.64%	1.88%	0.88%	1.15%	1.38%	1.75%	-0.46%	2.20%	-0.72%	15.91%
2023	2.13%	-0.35%	1.50%	0.91%	-0.23%	1.88%	1.16%	-0.16%	-1.32%	0.32%	2.41%	1.06%	9.64%
2022	-0.73%	-0.63%	3.83%	-0.84%	-0.31%	-2.13%	1.99%	-0.39%	-3.40%	3.54%	2.62%	-1.79%	1.47%
2021	-0.36%	0.01%	1.97%	2.18%	1.45%	-0.02%	0.99%	1.20%	-2.13%	3.25%	-0.77%	2.96%	11.14%

Benchmark Metrics

Safe income systematic hedge has an annualized alpha of 4.13%, beta of 0.37, and R² of 0.79 versus S&P 500 Index. Calculated based on daily prices since July 19, 2013.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (41.79%) than losses (27.95%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.13% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.37 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 4.13%

Beta: 0.37

R²: 0.79

Upside Capture: 41.79%

Downside Capture: 27.95%

Expense Ratio

Safe income systematic hedge has an expense ratio of 0.58%, 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.

Top 10 holdings

BTAL

AGFiQ US Market Neutral Anti-Beta Fund

RYMTX

Guggenheim Managed Futures Strategy Fund

AQMIX

AQR Managed Futures Strategy Fund

UUP

Invesco DB US Dollar Index Bullish Fund

IAU

iShares Gold Trust

SHV

iShares Short Treasury Bond ETF

SPHQ

Invesco S&P 500 Quality ETF

QUAL

iShares MSCI USA Quality Factor ETF

XLK

State Street Technology Select Sector SPDR ETF

SCHD

Schwab U.S. Dividend Equity ETF

Return for Risk

Risk / Return Rank

Safe income systematic hedge ranks 77 for risk / return — better than 77% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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	1.74	0.88	+0.85
Sortino ratio Return per unit of downside risk	2.41	1.37	+1.04
Omega ratio Gain probability vs. loss probability	1.39	1.21	+0.18
Calmar ratio Return relative to maximum drawdown	2.16	1.39	+0.77
Martin ratio Return relative to average drawdown	9.96	6.43	+3.52
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	40	0.89	1.34	1.19	1.09	3.69
VYM Vanguard High Dividend Yield ETF	60	1.15	1.65	1.25	1.59	6.96
VIG Vanguard Dividend Appreciation ETF	43	0.84	1.28	1.19	1.24	5.41
DNP DNP Select Income Fund Inc.	72	1.07	1.54	1.23	1.46	6.82
BUI BlackRock Utilities, Infrastructure & Power Opportunities Trust	80	1.59	2.11	1.33	1.81	6.81
XLK State Street Technology Select Sector SPDR ETF	61	1.13	1.71	1.24	1.98	6.27
BTAL AGFiQ US Market Neutral Anti-Beta Fund	1	-1.32	-1.98	0.79	-0.89	-1.20
UUP Invesco DB US Dollar Index Bullish Fund	14	0.17	0.28	1.04	0.15	0.30
AQMIX AQR Managed Futures Strategy Fund	92	2.16	2.72	1.40	3.91	11.49
RYMTX Guggenheim Managed Futures Strategy Fund	82	1.52	2.06	1.29	2.71	10.84

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.

Safe income systematic hedge Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 1.74
5-Year: 1.56
10-Year: 1.25
All Time: 1.22

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 1.01 to 1.70, 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 Safe income systematic hedge 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

Safe income systematic hedge provided a 2.93% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.93%	3.04%	3.25%	3.90%	3.35%	1.91%	2.52%	2.07%	1.81%	1.83%	1.99%	2.57%
Portfolio components:
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
VYM Vanguard High Dividend Yield ETF	2.37%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%
VIG Vanguard Dividend Appreciation ETF	1.60%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%
DNP DNP Select Income Fund Inc.	7.59%	7.81%	8.84%	9.20%	6.93%	7.18%	7.60%	6.11%	7.50%	7.22%	7.62%	8.71%
BUI BlackRock Utilities, Infrastructure & Power Opportunities Trust	10.14%	10.39%	6.26%	6.65%	6.99%	5.45%	5.80%	6.51%	7.35%	6.72%	7.89%	8.65%
XLK State Street Technology Select Sector SPDR ETF	0.56%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%
BTAL AGFiQ US Market Neutral Anti-Beta Fund	2.56%	2.49%	3.49%	6.14%	1.01%	0.00%	0.00%	0.88%	0.39%	0.00%	0.00%	0.00%
UUP Invesco DB US Dollar Index Bullish Fund	3.33%	3.43%	4.48%	6.44%	0.89%	0.00%	0.00%	2.03%	1.08%	0.10%	0.00%	0.00%
AQMIX AQR Managed Futures Strategy Fund	2.05%	2.26%	3.83%	8.39%	12.76%	6.94%	5.31%	3.13%	0.00%	0.00%	0.02%	6.51%
RYMTX Guggenheim Managed Futures Strategy Fund	5.64%	6.03%	5.10%	1.02%	4.80%	0.00%	7.56%	0.00%	0.00%	4.70%	5.19%	2.68%

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 Safe income systematic hedge. 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 Safe income systematic hedge was 15.36%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.

The current Safe income systematic hedge drawdown is 3.32%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-15.36%	Feb 20, 2020	23	Mar 23, 2020	82	Jul 20, 2020	105
-7.56%	Feb 20, 2025	34	Apr 8, 2025	28	May 19, 2025	62
-7.49%	Oct 4, 2018	56	Dec 24, 2018	51	Mar 11, 2019	107
-6.59%	Apr 13, 2015	95	Aug 25, 2015	142	Mar 18, 2016	237
-6.2%	Apr 21, 2022	113	Sep 30, 2022	84	Feb 1, 2023	197

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 17 assets, with an effective number of assets of 14.01, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

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	SHV	IAU	AQMIX	UUP	DNP	RYMTX	BUI	BTAL	SCHD	XLK	VYM	SCHG	VONG	VIG	SPHQ	QUAL	VTI	Portfolio
Benchmark	1.00	-0.03	0.01	0.02	-0.12	0.32	0.31	0.41	-0.52	0.81	0.89	0.86	0.94	0.94	0.92	0.94	0.97	0.99	0.83
SHV	-0.03	1.00	0.13	-0.02	-0.10	0.02	-0.04	0.01	0.03	-0.02	-0.02	-0.03	-0.03	-0.02	-0.01	-0.02	-0.02	-0.03	-0.00
IAU	0.01	0.13	1.00	-0.01	-0.46	0.11	0.02	0.10	0.03	0.01	0.00	0.02	0.00	0.00	0.01	0.01	0.01	0.01	0.22
AQMIX	0.02	-0.02	-0.01	1.00	0.15	-0.04	0.63	-0.03	0.07	-0.03	0.03	0.00	0.01	0.03	0.00	0.03	0.02	0.02	0.27
UUP	-0.12	-0.10	-0.46	0.15	1.00	-0.10	0.11	-0.15	0.08	-0.13	-0.09	-0.13	-0.11	-0.11	-0.13	-0.12	-0.12	-0.13	-0.07
DNP	0.32	0.02	0.11	-0.04	-0.10	1.00	0.10	0.38	-0.10	0.36	0.23	0.39	0.25	0.26	0.35	0.31	0.30	0.32	0.44
RYMTX	0.31	-0.04	0.02	0.63	0.11	0.10	1.00	0.10	-0.12	0.23	0.28	0.26	0.28	0.29	0.28	0.30	0.29	0.31	0.51
BUI	0.41	0.01	0.10	-0.03	-0.15	0.38	0.10	1.00	-0.21	0.42	0.32	0.45	0.34	0.35	0.42	0.39	0.39	0.41	0.50
BTAL	-0.52	0.03	0.03	0.07	0.08	-0.10	-0.12	-0.21	1.00	-0.40	-0.46	-0.45	-0.49	-0.48	-0.41	-0.45	-0.48	-0.55	-0.25
SCHD	0.81	-0.02	0.01	-0.03	-0.13	0.36	0.23	0.42	-0.40	1.00	0.62	0.95	0.64	0.65	0.89	0.82	0.80	0.81	0.75
XLK	0.89	-0.02	0.00	0.03	-0.09	0.23	0.28	0.32	-0.46	0.62	1.00	0.65	0.94	0.94	0.76	0.84	0.87	0.88	0.75
VYM	0.86	-0.03	0.02	0.00	-0.13	0.39	0.26	0.45	-0.45	0.95	0.65	1.00	0.68	0.69	0.91	0.85	0.84	0.86	0.78
SCHG	0.94	-0.03	0.00	0.01	-0.11	0.25	0.28	0.34	-0.49	0.64	0.94	0.68	1.00	0.99	0.81	0.87	0.91	0.94	0.76
VONG	0.94	-0.02	0.00	0.03	-0.11	0.26	0.29	0.35	-0.48	0.65	0.94	0.69	0.99	1.00	0.81	0.88	0.92	0.93	0.77
VIG	0.92	-0.01	0.01	0.00	-0.13	0.35	0.28	0.42	-0.41	0.89	0.76	0.91	0.81	0.81	1.00	0.93	0.92	0.91	0.83
SPHQ	0.94	-0.02	0.01	0.03	-0.12	0.31	0.30	0.39	-0.45	0.82	0.84	0.85	0.87	0.88	0.93	1.00	0.94	0.93	0.83
QUAL	0.97	-0.02	0.01	0.02	-0.12	0.30	0.29	0.39	-0.48	0.80	0.87	0.84	0.91	0.92	0.92	0.94	1.00	0.96	0.83
VTI	0.99	-0.03	0.01	0.02	-0.13	0.32	0.31	0.41	-0.55	0.81	0.88	0.86	0.94	0.93	0.91	0.93	0.96	1.00	0.82
Portfolio	0.83	-0.00	0.22	0.27	-0.07	0.44	0.51	0.50	-0.25	0.75	0.75	0.78	0.76	0.77	0.83	0.83	0.83	0.82	1.00

The correlation results are calculated based on daily price changes starting from Jul 19, 2013

Safe income systematic hedge

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

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