2024 IIM Future Winners - Unoptimized

Asset Allocation

Position	Category/Sector	Target Weight
HBM Hudbay Minerals Inc.	Basic Materials	6.67%
TREX Trex Company, Inc.	Industrials	6.67%
AGX Argan, Inc.	Industrials	6.67%
SIMO Silicon Motion Technology Corporation	Technology	6.67%
OLED Universal Display Corporation	Technology	6.67%
BMI Badger Meter, Inc.	Industrials	6.67%
PIPR Piper Sandler Companies	Financial Services	6.67%
ANF Abercrombie & Fitch Co.	Consumer Cyclical	6.67%
WTS Watts Water Technologies, Inc.	Industrials	6.67%
DRS Leonardo DRS Inc. Common Stock	Industrials	6.67%
SHOO Steven Madden, Ltd.	Consumer Cyclical	6.67%
SPXC SPX Corporation	Industrials	6.67%
STRA Strategic Education, Inc.	Consumer Defensive	6.67%
CORT Corcept Therapeutics Incorporated	Healthcare	6.67%
HCKT The Hackett Group, Inc.	Technology	6.67%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

Find the right asset allocation for 2024 IIM Future Winners - Unoptimized

Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 2024 IIM Future Winners - 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 rebalanced Every 3 months.

Loading charts...

Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.30%	0.09%	8.18%	8.17%	23.42%	19.88%	11.91%	13.45%
Portfolio 2024 IIM Future Winners - Unoptimized	0.95%	6.64%	22.26%	20.56%	33.33%	36.67%	—	—
Portfolio components:
AGX Argan, Inc.	-10.76%	-8.86%	98.28%	94.57%	156.50%	156.79%	69.15%	34.05%
ANF Abercrombie & Fitch Co.	5.55%	1.96%	-36.82%	-17.16%	-4.18%	32.43%	13.89%	17.64%
BMI Badger Meter, Inc.	3.01%	10.34%	-24.83%	-26.08%	-46.65%	-4.36%	7.73%	14.38%
CORT Corcept Therapeutics Incorporated	0.98%	40.26%	110.72%	-11.63%	5.36%	46.50%	27.35%	29.33%
DRS Leonardo DRS Inc. Common Stock	0.87%	12.79%	37.10%	37.79%	5.81%	42.71%	—	—
HBM Hudbay Minerals Inc.	1.75%	4.36%	31.58%	50.45%	171.66%	77.46%	30.42%	18.60%
HCKT The Hackett Group, Inc.	-0.18%	1.58%	-43.92%	-41.65%	-55.21%	-17.14%	-7.33%	-1.01%
OLED Universal Display Corporation	3.15%	-3.19%	-23.54%	-26.66%	-40.39%	-13.73%	-15.39%	3.20%
PIPR Piper Sandler Companies	0.31%	-4.84%	-7.48%	-10.47%	19.55%	33.78%	23.01%	26.34%
SHOO Steven Madden, Ltd.	3.40%	12.11%	10.00%	6.84%	87.20%	13.37%	2.86%	8.85%

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

Monthly Returns

Based on dividend-adjusted daily data since Nov 29, 2022, 2024 IIM Future Winners - Unoptimized's average daily return is +0.13%, while the average monthly return is +2.63%. At this rate, an investment would double in approximately 2.2 years.

Historically, 64% of months were positive and 36% were negative. The best month was May 2025 with a return of +13.7%, while the worst month was Dec 2024 at -7.6%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.

On a daily basis, 2024 IIM Future Winners - Unoptimized closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Apr 3, 2025 at -8.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	5.84%	1.71%	-4.99%	9.72%	9.77%	-0.75%							22.26%
2025	3.05%	-7.50%	0.50%	-5.72%	13.74%	5.22%	-0.42%	3.19%	6.17%	-2.17%	2.99%	-2.43%	15.95%
2024	-3.11%	10.88%	3.31%	0.30%	11.52%	1.12%	6.10%	-4.00%	6.22%	-2.15%	11.82%	-7.55%	37.37%
2023	12.74%	-2.12%	0.65%	-1.00%	1.15%	8.91%	5.06%	4.69%	-3.91%	-0.12%	9.11%	11.24%	55.21%
2022											1.57%	-4.74%	-3.25%

Benchmark Metrics

2024 IIM Future Winners - Unoptimized has an annualized alpha of 11.10%, beta of 1.20, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since November 29, 2022.

This portfolio captured 149.48% of S&P 500 Index gains but only 87.59% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 11.10% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 11.10%

Beta: 1.20

R²: 0.62

Upside Capture: 149.48%

Downside Capture: 87.59%

Expense Ratio

2024 IIM Future Winners - 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 Future Winners - Unoptimized ranks 31 for risk / return — below 31% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

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

The table below presents risk-adjusted performance metrics for 2024 IIM Future Winners - Unoptimized and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.50	1.94	-0.44
Sortino ratioReturn per unit of downside risk	2.13	2.63	-0.50
Omega ratioGain probability vs. loss probability	1.25	1.35	-0.10
Calmar ratioReturn relative to maximum drawdown	3.11	2.59	+0.52
Martin ratioReturn relative to average drawdown	9.70	11.84	-2.15
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.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AGX Argan, Inc.	91	2.10	2.86	1.36	6.31	18.30
ANF Abercrombie & Fitch Co.	39	-0.07	0.37	1.05	-0.09	-0.17
BMI Badger Meter, Inc.	6	-1.06	-1.37	0.78	-0.87	-1.43
CORT Corcept Therapeutics Incorporated	47	0.07	0.66	1.14	0.08	0.15
DRS Leonardo DRS Inc. Common Stock	45	0.15	0.50	1.06	0.18	0.36
HBM Hudbay Minerals Inc.	92	2.96	3.09	1.41	4.78	15.13
HCKT The Hackett Group, Inc.	4	-1.14	-1.69	0.75	-0.87	-1.63
OLED Universal Display Corporation	6	-1.06	-1.57	0.82	-0.88	-1.52
PIPR Piper Sandler Companies	59	0.58	0.99	1.13	0.80	1.92
SHOO Steven Madden, Ltd.	84	1.96	2.54	1.33	2.76	7.31

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 Future Winners - Unoptimized Sharpe ratios as of Jun 9, 2026 (values are recalculated daily):

1-Year: 1.50
All Time: 1.56

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 1.59 to 2.46, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of 2024 IIM Future Winners - Unoptimized compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

2024 IIM Future Winners - Unoptimized provided a 1.21% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.21%	1.07%	0.96%	0.93%	1.41%	1.11%	1.34%	1.25%	1.50%	1.17%	0.91%	26.51%
Portfolio components:
AGX Argan, Inc.	0.30%	0.52%	0.93%	2.24%	2.71%	1.94%	7.31%	2.49%	1.98%	4.44%	1.42%	2.16%
ANF Abercrombie & Fitch Co.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.98%	4.63%	3.99%	4.59%	6.67%	2.96%
BMI Badger Meter, Inc.	1.23%	0.85%	0.58%	0.64%	0.78%	0.71%	0.74%	0.99%	1.14%	1.03%	1.16%	1.33%
CORT Corcept Therapeutics Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DRS Leonardo DRS Inc. Common Stock	0.77%	1.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HBM Hudbay Minerals Inc.	0.05%	0.07%	0.17%	0.31%	0.32%	0.22%	0.21%	0.36%	0.38%	0.23%	0.35%	0.52%
HCKT The Hackett Group, Inc.	4.40%	2.45%	1.43%	1.93%	2.16%	1.95%	1.98%	2.23%	2.12%	1.91%	1.47%	1.24%
OLED Universal Display Corporation	2.08%	1.54%	1.09%	0.73%	1.11%	0.48%	0.26%	0.19%	0.26%	0.07%	0.00%	0.00%
PIPR Piper Sandler Companies	2.57%	1.68%	1.17%	2.09%	5.30%	3.81%	1.98%	1.88%	4.74%	1.45%	0.00%	0.00%
SHOO Steven Madden, Ltd.	2.32%	2.02%	1.98%	2.00%	2.63%	1.29%	0.42%	1.33%	1.78%	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.

Loading charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the 2024 IIM Future Winners - 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 Future Winners - Unoptimized was 27.36%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.

The current 2024 IIM Future Winners - Unoptimized drawdown is 3.45%.

Related event	Drawdown	Fall	Recovery	Underwater
2025 selloff2025	-27.36%Apr 2025	4mo 13d	2mo 26d	7mo 9dNov 2024 - Jul 2025
2024 correction2024	-13.54%Aug 2024	21d	1mo 21d	2mo 12dJul 2024 - Sep 2024
2026 correction2026	-10.77%Mar 2026	2mo 6d	14d	2mo 20dJan 2026 - Apr 2026
2023 correction2023	-10.63%Mar 2023	1mo 5d	2mo 25d	4moFeb 2023 - Jun 2023
2025 pullback2025	-9.72%Nov 2025	1mo 18d	20d	2mo 8dOct 2025 - Dec 2025

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 15 assets, with an effective number of assets of 15.00, 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	All Time
Diversification Ratio	2.25	1.95	1.95

The portfolio has a diversification ratio of 1.95, placing it in the top 5% across portfolios — assets in this portfolio move largely independently, providing strong diversification benefit.

2024 IIM Future Winners - Unoptimized correlation to the S&P 500 Index

2024 IIM Future Winners - Unoptimized has a 0.76 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 29, 2022	0.76

Benchmark Correlations

Correlation vs. S&P 500 Index. PIPR has the highest benchmark correlation at 0.59, while STRA has the lowest at 0.29.

0.29

0.34

0.36

0.37

0.43

0.43

0.44

0.49

0.49

0.51

0.57

0.57

0.57

0.58

0.59

Portfolio Correlations

Correlation vs. 2024 IIM Future Winners - Unoptimized. SPXC has the highest portfolio correlation at 0.69, while STRA has the lowest at 0.41.

0.41

0.46

0.49

0.49

0.51

0.52

0.52

0.54

0.59

0.61

0.62

0.64

0.66

0.66

0.69

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	CORT	STRA	ANF	SIMO	AGX	HBM	DRS	HCKT	OLED	SHOO	BMI	TREX	PIPR	WTS	SPXC
CORT	1.00	0.16	0.14	0.13	0.16	0.18	0.20	0.29	0.26	0.25	0.25	0.23	0.27	0.25	0.28
STRA	0.16	1.00	0.20	0.14	0.12	0.12	0.23	0.32	0.23	0.26	0.31	0.25	0.37	0.34	0.29
ANF	0.14	0.20	1.00	0.22	0.17	0.17	0.17	0.23	0.26	0.40	0.22	0.32	0.32	0.24	0.28
SIMO	0.13	0.14	0.22	1.00	0.29	0.26	0.19	0.16	0.37	0.25	0.26	0.26	0.29	0.27	0.31
AGX	0.16	0.12	0.17	0.29	1.00	0.26	0.29	0.22	0.21	0.27	0.29	0.24	0.35	0.30	0.38
HBM	0.18	0.12	0.17	0.26	0.26	1.00	0.24	0.16	0.31	0.32	0.23	0.33	0.31	0.29	0.37
DRS	0.20	0.23	0.17	0.19	0.29	0.24	1.00	0.27	0.30	0.20	0.36	0.31	0.36	0.36	0.37
HCKT	0.29	0.32	0.23	0.16	0.22	0.16	0.27	1.00	0.31	0.38	0.36	0.40	0.42	0.42	0.36
OLED	0.26	0.23	0.26	0.37	0.21	0.31	0.30	0.31	1.00	0.36	0.37	0.41	0.38	0.41	0.38
SHOO	0.25	0.26	0.40	0.25	0.27	0.32	0.20	0.38	0.36	1.00	0.38	0.48	0.47	0.46	0.45
BMI	0.25	0.31	0.22	0.26	0.29	0.23	0.36	0.36	0.37	0.38	1.00	0.42	0.45	0.59	0.52
TREX	0.23	0.25	0.32	0.26	0.24	0.33	0.31	0.40	0.41	0.48	0.42	1.00	0.49	0.55	0.47
PIPR	0.27	0.37	0.32	0.29	0.35	0.31	0.36	0.42	0.38	0.47	0.45	0.49	1.00	0.55	0.53
WTS	0.25	0.34	0.24	0.27	0.30	0.29	0.36	0.42	0.41	0.46	0.59	0.55	0.55	1.00	0.58
SPXC	0.28	0.29	0.28	0.31	0.38	0.37	0.37	0.36	0.38	0.45	0.52	0.47	0.53	0.58	1.00

The correlation results are calculated based on daily price changes starting from Nov 29, 2022

Diversification Analysis

Find what 2024 IIM Future Winners - Unoptimized is missing

See which holdings overlap, where 2024 IIM Future Winners - Unoptimized is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification