2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized

Asset Allocation

Position	Category/Sector	Target Weight
AJG Arthur J. Gallagher & Co.	Financial Services	8.33%
CLS Celestica Inc.	Technology	8.33%
EME EMCOR Group, Inc.	Industrials	8.33%
FIX Comfort Systems USA, Inc.	Industrials	8.33%
GRMN Garmin Ltd.	Technology	8.33%
HBM Hudbay Minerals Inc.	Basic Materials	8.33%
HEI-A HEICO Corporation	Industrials	8.33%
NVDA NVIDIA Corporation	Technology	8.33%
OLED Universal Display Corporation	Technology	8.33%
TDW Tidewater Inc.	Energy	8.33%
TREX Trex Company, Inc.	Industrials	8.33%
UTHR United Therapeutics Corporation	Healthcare	8.33%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized, 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 never rebalanced.

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The earliest data available for this chart is Jan 4, 2016, corresponding to the inception date of HEI-A

Returns By Period

As of Apr 2, 2026, the 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized returned 2.83% Year-To-Date and 40.35% 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 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized	0.60%	-0.37%	2.83%	2.71%	73.57%	71.62%	46.18%	40.35%
Portfolio components:
NVDA NVIDIA Corporation	0.93%	-1.47%	-4.88%	-6.08%	60.69%	85.17%	66.71%	70.07%
TREX Trex Company, Inc.	0.41%	-10.10%	4.25%	-29.59%	-37.44%	-9.09%	-17.34%	11.85%
HEI-A HEICO Corporation	0.61%	-13.80%	-15.83%	-15.83%	0.06%	16.18%	13.01%	24.51%
FIX Comfort Systems USA, Inc.	-0.79%	1.92%	51.93%	70.33%	315.21%	113.82%	80.31%	47.35%
UTHR United Therapeutics Corporation	-3.83%	10.99%	17.04%	30.15%	85.83%	36.55%	24.28%	17.58%
HBM Hudbay Minerals Inc.	5.26%	-17.70%	10.87%	43.18%	185.98%	61.54%	25.04%	20.12%
TDW Tidewater Inc.	-0.13%	4.47%	65.20%	52.26%	94.23%	23.70%	45.04%	-8.39%
OLED Universal Display Corporation	-2.24%	-16.28%	-22.86%	-37.32%	-34.48%	-15.78%	-16.94%	5.64%
EME EMCOR Group, Inc.	-0.43%	2.72%	23.69%	14.65%	96.87%	66.73%	46.59%	32.35%
CLS Celestica Inc.	2.12%	14.75%	-0.26%	17.51%	258.03%	185.72%	102.26%	39.05%

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

Monthly Returns

Based on dividend-adjusted daily data since Jan 5, 2016, 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized's average daily return is +0.15%, while the average monthly return is +3.14%. At this rate, your investment would double in approximately 1.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Feb 2024 with a return of +24.7%, while the worst month was Apr 2022 at -20.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +16.2%, while the worst single day was Mar 16, 2020 at -16.2%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.68%	-1.25%	-2.53%	2.05%									2.83%
2025	-5.42%	0.71%	-11.57%	1.11%	21.30%	14.74%	13.04%	-1.23%	8.44%	9.19%	-9.28%	2.13%	45.21%
2024	14.09%	24.71%	11.05%	-3.68%	20.32%	7.83%	-2.16%	1.23%	2.46%	7.39%	6.79%	-4.59%	119.28%
2023	18.50%	8.56%	9.49%	0.91%	16.26%	12.01%	8.67%	4.45%	-9.05%	-4.38%	13.23%	5.69%	118.68%
2022	-16.40%	-0.33%	2.97%	-20.53%	1.45%	-13.31%	15.91%	-11.39%	-11.67%	12.22%	12.50%	-8.47%	-37.14%
2021	-0.44%	4.50%	2.14%	10.90%	1.41%	7.42%	-1.02%	7.88%	-6.56%	13.37%	14.74%	-2.69%	62.12%

Benchmark Metrics

2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized has an annualized alpha of 21.63%, beta of 1.45, and R² of 0.64 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.

This portfolio captured 226.09% of S&P 500 Index gains and 108.23% of its losses — amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 21.63% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 21.63%

Beta: 1.45

R²: 0.64

Upside Capture: 226.09%

Downside Capture: 108.23%

Expense Ratio

2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized ranks 88 for risk / return — in the top 88% 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	2.01	0.88	+1.13
Sortino ratio Return per unit of downside risk	2.66	1.37	+1.30
Omega ratio Gain probability vs. loss probability	1.35	1.21	+0.15
Calmar ratio Return relative to maximum drawdown	4.69	1.39	+3.30
Martin ratio Return relative to average drawdown	12.58	6.43	+6.15
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
NVDA NVIDIA Corporation	81	1.47	2.17	1.27	3.02	7.54
TREX Trex Company, Inc.	14	-0.72	-0.79	0.88	-0.66	-1.21
HEI-A HEICO Corporation	38	0.00	0.21	1.03	0.03	0.09
FIX Comfort Systems USA, Inc.	99	5.72	5.22	1.72	24.01	81.57
UTHR United Therapeutics Corporation	91	1.71	3.11	1.43	5.20	13.21
HBM Hudbay Minerals Inc.	95	3.31	3.40	1.46	5.26	18.82
TDW Tidewater Inc.	85	1.58	2.37	1.30	3.82	8.07
OLED Universal Display Corporation	10	-0.73	-0.91	0.88	-0.79	-1.70
EME EMCOR Group, Inc.	90	2.42	2.74	1.41	4.05	10.46
CLS Celestica Inc.	95	3.62	3.29	1.44	9.34	24.62

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.

2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 2.01
5-Year: 1.26
10-Year: 1.24
All Time: 1.21

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 1.00 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 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized 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

2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized provided a 0.44% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.44%	0.40%	0.35%	0.43%	0.56%	0.40%	0.46%	0.51%	0.68%	0.64%	0.79%	2.22%
Portfolio components:
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
TREX Trex Company, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HEI-A HEICO Corporation	0.11%	0.09%	0.11%	0.14%	0.15%	0.13%	0.14%	0.08%	0.18%	0.10%	0.25%	0.00%
FIX Comfort Systems USA, Inc.	0.16%	0.21%	0.28%	0.41%	0.49%	0.49%	0.81%	0.79%	0.76%	0.68%	0.83%	0.88%
UTHR United Therapeutics Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HBM Hudbay Minerals Inc.	0.06%	0.07%	0.17%	0.31%	0.32%	0.22%	0.21%	0.36%	0.38%	0.23%	0.35%	0.52%
TDW Tidewater Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%	0.00%	0.00%	0.04%	0.00%	14.37%
OLED Universal Display Corporation	2.06%	1.54%	1.09%	0.73%	1.11%	0.48%	0.26%	0.19%	0.26%	0.07%	0.00%	0.00%
EME EMCOR Group, Inc.	0.15%	0.16%	0.20%	0.32%	0.36%	0.41%	0.35%	0.37%	0.54%	0.39%	0.45%	0.67%
CLS Celestica Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized. 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 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized was 49.57%, occurring on Oct 14, 2022. Recovery took 154 trading sessions.

The current 2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized drawdown is 8.06%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-49.57%	Nov 22, 2021	226	Oct 14, 2022	154	May 26, 2023	380
-38.11%	Feb 20, 2020	20	Mar 18, 2020	55	Jun 5, 2020	75
-33.45%	Jan 23, 2025	51	Apr 4, 2025	54	Jun 24, 2025	105
-33.15%	Sep 17, 2018	69	Dec 24, 2018	212	Oct 28, 2019	281
-22.39%	Jun 20, 2024	34	Aug 7, 2024	43	Oct 8, 2024	77

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 12 assets, with an effective number of assets of 12.00, 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	UTHR	TDW	AJG	HBM	HEI-A	CLS	TREX	NVDA	OLED	FIX	GRMN	EME	Portfolio
Benchmark	1.00	0.33	0.29	0.50	0.43	0.49	0.51	0.56	0.64	0.60	0.56	0.66	0.59	0.77
UTHR	0.33	1.00	0.15	0.25	0.19	0.19	0.18	0.19	0.18	0.23	0.22	0.25	0.25	0.26
TDW	0.29	0.15	1.00	0.15	0.31	0.19	0.27	0.18	0.15	0.22	0.29	0.23	0.31	0.27
AJG	0.50	0.25	0.15	1.00	0.19	0.35	0.19	0.32	0.21	0.27	0.31	0.41	0.34	0.34
HBM	0.43	0.19	0.31	0.19	1.00	0.25	0.35	0.26	0.29	0.32	0.33	0.33	0.34	0.45
HEI-A	0.49	0.19	0.19	0.35	0.25	1.00	0.32	0.32	0.30	0.33	0.39	0.39	0.43	0.46
CLS	0.51	0.18	0.27	0.19	0.35	0.32	1.00	0.30	0.41	0.39	0.46	0.38	0.47	0.54
TREX	0.56	0.19	0.18	0.32	0.26	0.32	0.30	1.00	0.38	0.43	0.42	0.48	0.43	0.58
NVDA	0.64	0.18	0.15	0.21	0.29	0.30	0.41	0.38	1.00	0.50	0.36	0.41	0.36	0.86
OLED	0.60	0.23	0.22	0.27	0.32	0.33	0.39	0.43	0.50	1.00	0.36	0.46	0.40	0.62
FIX	0.56	0.22	0.29	0.31	0.33	0.39	0.46	0.42	0.36	0.36	1.00	0.42	0.71	0.57
GRMN	0.66	0.25	0.23	0.41	0.33	0.39	0.38	0.48	0.41	0.46	0.42	1.00	0.47	0.57
EME	0.59	0.25	0.31	0.34	0.34	0.43	0.47	0.43	0.36	0.40	0.71	0.47	1.00	0.57
Portfolio	0.77	0.26	0.27	0.34	0.45	0.46	0.54	0.58	0.86	0.62	0.57	0.57	0.57	1.00

The correlation results are calculated based on daily price changes starting from Jan 5, 2016

2024 IIM Quality Growth Best of Each Industry Concentrated - Unoptimized

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