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Income

Last updated Jul 25, 2024

Asset Allocation

SCHD 30%JEPQ 10%JEPI 10%SPYI 10%TBLD 10%PFFA 10%PFXF 10%PFFD 10%EquityEquityPreferred StockPreferred Stock
PositionCategory/SectorWeight
JEPI
JPMorgan Equity Premium Income ETF		Actively Managed, Dividend, Derivative Income

10%

JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		Actively Managed, Dividend, Derivative Income

10%

PFFA
Virtus InfraCap U.S. Preferred Stock ETF		Preferred Stock/Convertible Bonds, Actively Managed

10%

PFFD
Global X U.S. Preferred ETF		Preferred Stock/Convertible Bonds

10%

PFXF
VanEck Vectors Preferred Securities ex Financials ETF		Preferred Stock/Convertible Bonds

10%

SCHD
Schwab US Dividend Equity ETF		Large Cap Growth Equities, Dividend

30%

SPYI
NEOS S&P 500 High Income ETF		Large Cap Blend Equities, Dividend

10%

TBLD
Thornburg Income Builder Opportunities Trust Common Stock

10%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Income, 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

10.00%15.00%20.00%25.00%30.00%35.00%40.00%45.00%FebruaryMarchAprilMayJuneJuly
20.54%
35.45%
Income
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Aug 30, 2022, corresponding to the inception date of SPYI

Returns By Period

Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500		13.20%-1.28%10.32%18.23%12.31%10.58%
Income7.84%1.22%5.68%12.29%N/AN/A
Portfolio components:
SCHD
Schwab US Dividend Equity ETF		8.60%4.84%7.35%12.13%11.96%11.22%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		10.06%-4.70%6.11%18.20%N/AN/A
JEPI
JPMorgan Equity Premium Income ETF		6.06%-0.12%4.24%8.95%N/AN/A
SPYI
NEOS S&P 500 High Income ETF		9.73%-0.72%7.38%11.30%N/AN/A
PFFA
Virtus InfraCap U.S. Preferred Stock ETF		8.79%1.55%6.93%19.42%5.66%N/A
PFXF
VanEck Vectors Preferred Securities ex Financials ETF		3.51%0.16%1.39%6.52%3.12%4.14%
PFFD
Global X U.S. Preferred ETF		4.83%0.28%1.74%8.94%1.19%N/A
TBLD
Thornburg Income Builder Opportunities Trust Common Stock		8.92%1.19%6.34%12.71%N/AN/A

Monthly Returns

The table below presents the monthly returns of Income, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20241.62%2.05%2.51%-3.61%3.34%0.67%7.84%
20236.68%-2.16%0.10%0.72%-1.84%3.92%2.65%-0.67%-3.40%-3.30%6.97%4.11%13.87%
2022-0.49%-8.06%5.15%5.83%-3.58%-1.84%

Expense Ratio

Income features an expense ratio of 0.37%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

PFFA
Virtus InfraCap U.S. Preferred Stock ETF
Expense ratio chart for PFFA: current value at 1.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.47%
SPYI
NEOS S&P 500 High Income ETF
Expense ratio chart for SPYI: current value at 0.68% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.68%
PFXF
VanEck Vectors Preferred Securities ex Financials ETF
Expense ratio chart for PFXF: current value at 0.41% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.41%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF
Expense ratio chart for JEPQ: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
JEPI
JPMorgan Equity Premium Income ETF
Expense ratio chart for JEPI: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%
PFFD
Global X U.S. Preferred ETF
Expense ratio chart for PFFD: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%
SCHD
Schwab US Dividend Equity ETF
Expense ratio chart for SCHD: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Income is 44, suggesting that the investment has average results relative to other portfolios in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.

The Risk-Adjusted Performance Rank of Income is 4444
Income
The Sharpe Ratio Rank of Income is 4343Sharpe Ratio Rank
The Sortino Ratio Rank of Income is 4343Sortino Ratio Rank
The Omega Ratio Rank of Income is 4747Omega Ratio Rank
The Calmar Ratio Rank of Income is 5050Calmar Ratio Rank
The Martin Ratio Rank of Income is 4040Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

Income
Sharpe ratio
The chart of Sharpe ratio for Income, currently valued at 1.46, compared to the broader market-1.000.001.002.003.004.001.46
Sortino ratio
The chart of Sortino ratio for Income, currently valued at 2.10, compared to the broader market-2.000.002.004.006.002.10
Omega ratio
The chart of Omega ratio for Income, currently valued at 1.27, compared to the broader market0.801.001.201.401.601.801.27
Calmar ratio
The chart of Calmar ratio for Income, currently valued at 1.39, compared to the broader market0.002.004.006.008.001.39
Martin ratio
The chart of Martin ratio for Income, currently valued at 4.88, compared to the broader market0.0010.0020.0030.0040.004.88
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.58, compared to the broader market-1.000.001.002.003.004.001.58
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.22, compared to the broader market-2.000.002.004.006.002.22
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.28, compared to the broader market0.801.001.201.401.601.801.28
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.29, compared to the broader market0.002.004.006.008.001.29
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 5.98, compared to the broader market0.0010.0020.0030.0040.005.98
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
SCHD
Schwab US Dividend Equity ETF		1.061.601.190.973.31
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		1.562.081.302.749.65
JEPI
JPMorgan Equity Premium Income ETF		1.201.701.211.305.04
SPYI
NEOS S&P 500 High Income ETF		1.331.841.251.485.13
PFFA
Virtus InfraCap U.S. Preferred Stock ETF		1.812.591.351.887.83
PFXF
VanEck Vectors Preferred Securities ex Financials ETF		0.610.941.120.541.95
PFFD
Global X U.S. Preferred ETF		0.891.331.160.553.05
TBLD
Thornburg Income Builder Opportunities Trust Common Stock		1.091.621.191.274.28

Sharpe Ratio

The current Income Sharpe ratio is 1.44. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.24 to 1.94, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of Income with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
1.46
1.58
Income
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

Income granted a 7.00% dividend yield in the last twelve months.

TTM20232022202120202019201820172016201520142013
Income7.00%7.29%6.75%3.51%3.42%2.98%2.71%1.58%1.45%1.49%1.38%1.39%
Portfolio components:
SCHD
Schwab US Dividend Equity ETF		3.49%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%2.63%2.47%
JEPQ
JPMorgan Nasdaq Equity Premium Income ETF		9.37%10.02%9.44%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
JEPI
JPMorgan Equity Premium Income ETF		7.34%8.40%11.68%6.59%5.79%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPYI
NEOS S&P 500 High Income ETF		11.96%12.01%4.10%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PFFA
Virtus InfraCap U.S. Preferred Stock ETF		9.38%9.56%10.75%7.64%8.54%10.02%5.15%0.00%0.00%0.00%0.00%0.00%
PFXF
VanEck Vectors Preferred Securities ex Financials ETF		7.34%7.88%6.74%4.66%5.19%5.34%6.56%5.93%5.81%5.99%5.91%6.51%
PFFD
Global X U.S. Preferred ETF		6.40%6.49%6.63%5.09%5.17%5.48%6.21%1.94%0.00%0.00%0.00%0.00%
TBLD
Thornburg Income Builder Opportunities Trust Common Stock		7.74%8.06%8.02%2.79%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.

-5.00%-4.00%-3.00%-2.00%-1.00%0.00%FebruaryMarchAprilMayJuneJuly
-1.60%
-4.73%
Income
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Income. 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 Income was 10.07%, occurring on Oct 12, 2022. Recovery took 34 trading sessions.

The current Income drawdown is 1.75%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-10.07%Sep 13, 202222Oct 12, 202234Nov 30, 202256
-8.65%Aug 1, 202363Oct 27, 202324Dec 1, 202387
-7.82%Feb 3, 202326Mar 13, 202384Jul 13, 2023110
-4.9%Dec 5, 202217Dec 28, 20229Jan 11, 202326
-4.58%Mar 28, 202415Apr 18, 202419May 15, 202434

Volatility

Volatility Chart

The current Income volatility is 1.84%, 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.

1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%FebruaryMarchAprilMayJuneJuly
1.84%
3.80%
Income
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
TBLDPFFAJEPQPFFDJEPISCHDPFXFSPYI
TBLD1.000.480.580.510.590.610.560.63
PFFA0.481.000.420.770.470.530.800.50
JEPQ0.580.421.000.440.690.580.500.87
PFFD0.510.770.441.000.470.520.860.51
JEPI0.590.470.690.471.000.840.590.78
SCHD0.610.530.580.520.841.000.640.71
PFXF0.560.800.500.860.590.641.000.58
SPYI0.630.500.870.510.780.710.581.00
The correlation results are calculated based on daily price changes starting from Aug 31, 2022