Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | High Yield Bonds | 25% |
VYM Vanguard High Dividend Yield ETF | Dividend | 25% |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | Emerging Markets Bonds | 20% |
BND Vanguard Total Bond Market ETF | Total Bond Market | 20% |
VTEB Vanguard Tax-Exempt Bond ETF | Municipal Bonds | 10% |
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bonvillain Portfolio 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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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 1.08% | 2.00% | 9.57% | 10.71% | 25.41% | 19.37% | 12.48% | 13.67% |
Portfolio Bonvillain Portfolio 2 | 0.17% | 1.89% | 4.26% | 4.54% | 12.18% | 9.89% | 5.39% | — |
| Portfolio components: | ||||||||
BND Vanguard Total Bond Market ETF | 0.27% | 1.57% | 0.65% | 0.54% | 4.73% | 4.05% | 0.04% | 1.60% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 0.26% | 1.46% | 1.68% | 2.08% | 7.14% | 8.50% | 5.14% | 5.37% |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | -0.28% | 2.47% | 3.36% | 3.61% | 13.11% | 11.49% | 4.41% | — |
VTEB Vanguard Tax-Exempt Bond ETF | 0.32% | 1.83% | 1.74% | 2.01% | 6.93% | 3.45% | 0.91% | 2.05% |
VYM Vanguard High Dividend Yield ETF | 0.07% | 2.10% | 11.57% | 12.08% | 25.29% | 17.42% | 12.42% | 11.78% |
Monthly Returns
Based on dividend-adjusted daily data since Feb 1, 2017, Bonvillain Portfolio 2's average daily return is +0.03%, while the average monthly return is +0.53%. At this rate, an investment would double in approximately 10.9 years.
Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +5.2%, while the worst month was Mar 2020 at -9.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Bonvillain Portfolio 2 closed higher 56% of trading days. The best single day was Mar 13, 2020 with a return of +3.8%, while the worst single day was Mar 12, 2020 at -5.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.41% | 1.55% | -2.37% | 2.63% | 0.77% | 0.26% | 4.26% | ||||||
| 2025 | 1.70% | 1.55% | -1.49% | -0.90% | 1.34% | 2.33% | 0.33% | 1.89% | 1.47% | 0.65% | 1.29% | 0.11% | 10.70% |
| 2024 | 0.09% | 0.68% | 2.18% | -2.17% | 1.78% | 0.47% | 2.72% | 1.70% | 1.48% | -1.07% | 2.43% | -2.07% | 8.36% |
| 2023 | 3.06% | -2.36% | 1.19% | 0.56% | -1.78% | 2.31% | 1.69% | -0.98% | -2.17% | -1.56% | 5.08% | 3.97% | 9.01% |
| 2022 | -1.71% | -1.82% | -0.29% | -3.87% | 1.63% | -5.25% | 3.85% | -2.06% | -4.91% | 3.66% | 5.18% | -1.42% | -7.41% |
| 2021 | -0.53% | 0.47% | 1.71% | 1.56% | 1.08% | 0.28% | 0.41% | 0.76% | -1.45% | 1.17% | -1.15% | 2.47% | 6.91% |
Benchmark Metrics
Bonvillain Portfolio 2 has an annualized alpha of 1.82%, beta of 0.31, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since February 01, 2017.
- This portfolio participated in 45.52% of S&P 500 Index downside but only 38.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.31 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
- 1.82%
- Beta
- 0.31
- R²
- 0.72
- Upside Capture
- 38.07%
- Downside Capture
- 45.52%
Expense Ratio
Bonvillain Portfolio 2 has an expense ratio of 0.24%, 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
Bonvillain Portfolio 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.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Bonvillain Portfolio 2 and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 2.80 | 2.05 | +0.76 |
| Sortino ratioReturn per unit of downside risk | 4.17 | 2.77 | +1.40 |
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.72 | 2.81 | +0.91 |
| Martin ratioReturn relative to average drawdown | 15.72 | 12.55 | +3.17 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 37 | 1.27 | 1.91 | 1.22 | 1.77 | 5.10 |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 76 | 2.06 | 3.21 | 1.39 | 3.80 | 15.45 |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | 90 | 3.01 | 4.86 | 1.62 | 3.47 | 15.17 |
VTEB Vanguard Tax-Exempt Bond ETF | 76 | 2.60 | 3.84 | 1.57 | 2.57 | 9.06 |
VYM Vanguard High Dividend Yield ETF | 81 | 2.44 | 3.48 | 1.44 | 3.79 | 14.13 |
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Dividends
Dividend yield
Bonvillain Portfolio 2 provided a 4.89% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.89% | 4.78% | 4.99% | 4.72% | 3.85% | 3.24% | 3.52% | 4.06% | 3.80% | 2.73% | 2.68% | 2.68% |
| Portfolio components: | ||||||||||||
BND Vanguard Total Bond Market ETF | 3.95% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
HYS PIMCO 0-5 Year High Yield Corporate Bond Index ETF | 7.33% | 7.20% | 7.43% | 6.44% | 5.01% | 3.74% | 4.52% | 4.98% | 4.64% | 5.01% | 5.13% | 5.22% |
VEGBX Vanguard Emerging Markets Bond Fund Admiral Shares | 6.12% | 6.34% | 7.02% | 7.20% | 5.61% | 5.14% | 4.62% | 6.42% | 5.00% | 0.39% | 0.00% | 0.00% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.35% | 3.29% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% |
VYM Vanguard High Dividend Yield ETF | 2.84% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
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 Bonvillain Portfolio 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 Bonvillain Portfolio 2 was 18.96%, occurring on Mar 23, 2020. Recovery took 97 trading sessions.
The current Bonvillain Portfolio 2 drawdown is 0.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -18.96%Mar 2020 | 1mo 1d | 4mo 20d | 5mo 21dFeb 2020 - Aug 2020 |
Bear market2022 | -13.94%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -6.06%Apr 2025 | 1mo 6d | 2mo 5d | 3mo 11dMar 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -5.06%Dec 2018 | 2mo 22d | 1mo 8d | 4moOct 2018 - Jan 2019 |
2018 pullback2018 | -3.84%Mar 2018 | 1mo 23d | 6mo 1d | 7mo 24dJan 2018 - Sep 2018 |
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 4.65, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.23 | 1.27 | 1.28 | 1.28 |
The portfolio has a diversification ratio of 1.28, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Bonvillain Portfolio 2 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.80 |
Benchmark Correlations
Correlation vs. S&P 500 Index. VYM has the highest benchmark correlation at 0.82, while BND has the lowest at 0.06.
Asset Correlations Table
Find what Bonvillain Portfolio 2 is missing
See which holdings overlap, where Bonvillain Portfolio 2 is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification