two
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | Government Bonds | 37.50% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | Ultrashort Bond | 25% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | Government Bonds | 37.50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in two, 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 Quarterly
The earliest data available for this chart is Feb 4, 2014, corresponding to the inception date of USFR
Returns By Period
As of Nov 12, 2024, the two returned 5.29% Year-To-Date and 2.23% of annualized return in the last 10 years.
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 25.82% | 3.20% | 14.94% | 35.92% | 14.22% | 11.43% |
| two | 5.29% | 0.41% | 2.85% | 6.30% | 2.96% | 2.23% |
| Portfolio components: | ||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 4.53% | 0.36% | 2.55% | 5.27% | 2.26% | 1.55% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 4.69% | 0.41% | 2.44% | 5.26% | 2.51% | 1.80% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.36% | 0.50% | 3.91% | 9.44% | 4.58% | 3.85% |
Monthly Returns
The table below presents the monthly returns of two, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.58% | 0.53% | 0.50% | 0.50% | 0.51% | 0.41% | 0.58% | 0.52% | 0.43% | 0.43% | 5.29% | ||
| 2023 | 0.74% | 0.40% | 0.28% | 0.55% | 0.38% | 0.55% | 0.58% | 0.54% | 0.40% | 0.42% | 0.63% | 0.60% | 6.24% |
| 2022 | 0.06% | -0.13% | -0.02% | 0.03% | -0.28% | -0.19% | 0.24% | 0.36% | -0.10% | 0.17% | 0.40% | 0.44% | 0.98% |
| 2021 | 0.19% | 0.06% | 0.03% | 0.08% | 0.03% | 0.07% | 0.00% | 0.06% | 0.10% | -0.03% | -0.02% | 0.07% | 0.62% |
| 2020 | 0.29% | 0.06% | -1.91% | 1.12% | 0.56% | 0.29% | 0.27% | 0.19% | 0.12% | 0.06% | 0.22% | 0.18% | 1.43% |
| 2019 | 0.41% | 0.37% | 0.15% | 0.42% | 0.20% | 0.17% | 0.27% | 0.15% | 0.24% | 0.14% | 0.19% | 0.23% | 2.96% |
| 2018 | 0.26% | 0.15% | 0.18% | 0.14% | 0.18% | 0.15% | 0.19% | 0.22% | 0.21% | 0.15% | 0.10% | -0.08% | 1.86% |
| 2017 | 0.09% | 0.17% | 0.02% | 0.12% | 0.28% | 0.13% | 0.19% | 0.02% | 0.22% | 0.19% | 0.09% | 0.10% | 1.62% |
| 2016 | -0.14% | 0.06% | 0.23% | 0.24% | 0.06% | 0.12% | 0.30% | -0.02% | 0.22% | 0.14% | -0.03% | 0.26% | 1.42% |
| 2015 | 0.07% | 0.17% | -0.13% | 0.46% | 0.02% | -0.10% | 0.14% | -0.48% | 0.27% | -0.09% | -0.25% | 0.06% | 0.13% |
| 2014 | 0.00% | -0.06% | 0.08% | 0.09% | 0.10% | 0.06% | 0.05% | -0.07% | -0.13% | 0.07% | -0.10% | 0.09% |
Expense Ratio
two has an expense ratio of 0.17%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of two is 100, placing it in the top 0% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 | |
|---|---|---|---|---|---|
BIL SPDR Barclays 1-3 Month T-Bill ETF | 20.36 | 273.01 | 158.62 | 482.85 | 4,446.78 |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 14.71 | 52.92 | 12.62 | 88.94 | 734.59 |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 9.58 | 30.49 | 12.77 | 75.54 | 436.80 |
Dividends
Dividend yield
two provided a 5.73% dividend yield over the last twelve months.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 5.73% | 5.54% | 2.19% | 0.67% | 1.28% | 2.63% | 2.24% | 1.40% | 0.82% | 0.64% | 0.64% | 0.42% |
| Portfolio components: | ||||||||||||
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 7.25% | 7.08% | 4.07% | 2.67% | 4.06% | 4.32% | 3.97% | 3.01% | 2.76% | 2.55% | 2.56% | 1.69% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the two. 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 two was 3.28%, occurring on Mar 25, 2020. Recovery took 75 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.28% | Feb 25, 2020 | 22 | Mar 25, 2020 | 75 | Jul 13, 2020 | 97 |
| -0.72% | Jun 23, 2015 | 146 | Jan 20, 2016 | 98 | Jun 9, 2016 | 244 |
| -0.67% | Jan 20, 2022 | 115 | Jul 6, 2022 | 41 | Sep 1, 2022 | 156 |
| -0.41% | Sep 2, 2014 | 75 | Dec 16, 2014 | 47 | Feb 25, 2015 | 122 |
| -0.3% | Mar 6, 2015 | 17 | Mar 30, 2015 | 5 | Apr 7, 2015 | 22 |
Volatility
Volatility Chart
The current two volatility is 0.09%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| ENIAX | USFR | BIL | |
|---|---|---|---|
| ENIAX | 1.00 | 0.05 | 0.05 |
| USFR | 0.05 | 1.00 | 0.17 |
| BIL | 0.05 | 0.17 | 1.00 |