Retirement Target Alt-20 Gld-20

Asset Allocation

Position	Category/Sector	Target Weight
DBMF iMGP DBi Managed Futures Strategy ETF	Systematic Trend	20%
GLDM SPDR Gold MiniShares Trust	Gold, Precious Metals	20%
VTWAX Vanguard Total World Stock Index Fund Admiral Shares	Global Equities	8.30%
JMSIX JPMorgan Income Fund	Multisector Bonds	5.80%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	Total Bond Market	5.70%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	5.70%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	Inflation-Protected Bonds	5.70%
DODGX Dodge & Cox Stock Fund Class I	Large Cap Value Equities	5%
VWELX Vanguard Wellington Fund Investor Shares	Diversified Portfolio	5%
MALOX BlackRock Global Allocation Fund	Global Allocation	5%
VXUS Vanguard Total International Stock ETF	Global Equities	2.50%
VYMI Vanguard International High Dividend Yield ETF	Dividend, Foreign Large Cap Equities	2.50%
JAAA Janus Henderson AAA CLO ETF	CLO	1.90%
ICSH iShares Ultra Short Duration Bond Active ETF	Ultrashort Bond	1.90%
SPAXX Fidelity Government Money Market Fund	Money Market	1.80%
VIG Vanguard Dividend Appreciation ETF	Dividend	1.60%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	1.60%
AQMNX AQR Managed Futures Strategy Fund Class N	Systematic Trend	0%
FTGC First Trust Global Tactical Commodity Strategy Fund	Commodities	0%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

Find the right asset allocation for Retirement Target Alt-20 Gld-20

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 Retirement Target Alt-20 Gld-20, 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	-2.64%	-0.21%	7.86%	7.47%	23.05%	19.90%	11.79%	13.33%
Portfolio Retirement Target Alt-20 Gld-20	-1.31%	-1.32%	5.38%	6.78%	20.27%	15.13%	9.10%	—
Portfolio components:
AQMNX AQR Managed Futures Strategy Fund Class N	-0.56%	1.81%	12.87%	14.73%	25.69%	12.24%	12.45%	4.77%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	-0.26%	-0.36%	0.11%	0.49%	3.67%	4.36%	1.58%	1.93%
DBMF iMGP DBi Managed Futures Strategy ETF	-2.01%	-0.10%	9.70%	11.78%	28.17%	9.96%	7.93%	—
DODGX Dodge & Cox Stock Fund Class I	1.96%	1.60%	4.64%	6.40%	13.12%	15.81%	8.74%	12.74%
FTGC First Trust Global Tactical Commodity Strategy Fund	-2.07%	-4.06%	23.54%	21.45%	35.65%	16.79%	12.43%	7.39%
GLDM SPDR Gold MiniShares Trust	-3.67%	-8.63%	0.06%	2.68%	30.23%	29.91%	17.81%	—
ICSH iShares Ultra Short Duration Bond Active ETF	-0.04%	0.16%	1.41%	1.71%	4.28%	5.15%	3.66%	2.76%
JAAA Janus Henderson AAA CLO ETF	0.04%	0.33%	1.93%	2.51%	5.10%	6.70%	4.80%	—
JMSIX JPMorgan Income Fund	0.00%	0.15%	1.23%	1.85%	5.92%	7.08%	2.78%	3.96%
MALOX BlackRock Global Allocation Fund	0.68%	1.99%	8.19%	9.21%	19.93%	14.85%	5.95%	8.56%

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

Monthly Returns

Based on dividend-adjusted daily data since May 26, 2021, Retirement Target Alt-20 Gld-20's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.

Historically, 69% of months were positive and 31% were negative. The best month was Jan 2026 with a return of +4.4%, while the worst month was Mar 2026 at -5.1%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Retirement Target Alt-20 Gld-20 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +3.1%, while the worst single day was Jan 30, 2026 at -3.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.35%	4.30%	-5.10%	2.35%	0.99%	-1.30%							5.38%
2025	2.86%	0.40%	0.98%	1.28%	1.32%	2.11%	-0.12%	2.59%	4.34%	1.93%	1.96%	1.15%	22.81%
2024	0.30%	1.69%	4.06%	0.29%	1.58%	0.88%	1.54%	0.84%	2.12%	-0.86%	0.85%	-1.59%	12.21%
2023	2.91%	-2.36%	1.08%	0.97%	-0.96%	1.78%	1.59%	-1.01%	-1.33%	0.49%	2.44%	1.88%	7.58%
2022	-1.37%	1.00%	1.71%	-0.75%	-0.29%	-2.26%	0.93%	-1.55%	-2.87%	1.86%	2.84%	-0.53%	-1.45%
2021					0.39%	-1.52%	0.96%	0.11%	-1.91%	2.46%	-1.53%	2.13%	1.00%

Benchmark Metrics

Retirement Target Alt-20 Gld-20 has an annualized alpha of 5.65%, beta of 0.28, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (36.57%) than losses (22.73%) - typical of diversified or defensive assets.
Beta of 0.28 may look defensive, but with R2 of 0.44 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R2 of 0.44 means the benchmark explains less than half of this portfolio's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha: 5.65%

Beta: 0.28

R²: 0.44

Upside Capture: 36.57%

Downside Capture: 22.73%

Expense Ratio

Retirement Target Alt-20 Gld-20 has an expense ratio of 0.32%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

AQMNX

AQR Managed Futures Strategy Fund Class N

FTGC

First Trust Global Tactical Commodity Strategy Fund

DBMF

iMGP DBi Managed Futures Strategy ETF

MALOX

BlackRock Global Allocation Fund

DODGX

Dodge & Cox Stock Fund Class I

SPAXX

Fidelity Government Money Market Fund

JMSIX

JPMorgan Income Fund

VWELX

Vanguard Wellington Fund Investor Shares

JAAA

Janus Henderson AAA CLO ETF

GLDM

SPDR Gold MiniShares Trust

Return for Risk

Risk / Return Rank

Retirement Target Alt-20 Gld-20 ranks 43 for risk / return — on par with similar Portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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 Retirement Target Alt-20 Gld-20 and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.17	2.01	+0.17
Sortino ratioReturn per unit of downside risk	2.81	2.71	+0.09
Omega ratioGain probability vs. loss probability	1.43	1.36	+0.07
Calmar ratioReturn relative to maximum drawdown	2.77	2.69	+0.09
Martin ratioReturn relative to average drawdown	10.01	12.34	-2.33
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
AQMNX AQR Managed Futures Strategy Fund Class N	90	2.87	3.90	1.51	7.92	26.18
BSV Vanguard Short-Term Bond Index Fund ETF Shares	63	1.87	2.96	1.35	2.63	9.17
DBMF iMGP DBi Managed Futures Strategy ETF	82	2.26	2.97	1.48	4.58	16.82
DODGX Dodge & Cox Stock Fund Class I	25	1.28	1.86	1.23	1.92	6.77
FTGC First Trust Global Tactical Commodity Strategy Fund	80	2.31	3.02	1.41	4.61	14.85
GLDM SPDR Gold MiniShares Trust	32	1.07	1.45	1.22	1.43	3.63
ICSH iShares Ultra Short Duration Bond Active ETF	99	11.01	27.36	6.56	43.67	289.82
JAAA Janus Henderson AAA CLO ETF	99	6.23	10.51	2.80	13.51	72.66
JMSIX JPMorgan Income Fund	79	2.21	4.35	1.58	3.43	14.27
MALOX BlackRock Global Allocation Fund	51	2.10	3.03	1.38	2.42	10.45

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.

Retirement Target Alt-20 Gld-20 Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 2.17
5-Year: 1.28
All Time: 1.29

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 1.64 to 2.53, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Retirement Target Alt-20 Gld-20 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

Retirement Target Alt-20 Gld-20 provided a 4.09% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.09%	4.38%	4.07%	2.55%	3.97%	4.30%	2.37%	4.09%	2.26%	1.76%	1.17%	1.52%
Portfolio components:
AQMNX AQR Managed Futures Strategy Fund Class N	1.82%	2.05%	3.61%	8.15%	12.59%	6.59%	4.17%	2.92%	0.00%	0.00%	0.02%	6.30%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	4.00%	3.83%	3.38%	2.46%	1.50%	1.45%	1.79%	2.29%	1.99%	1.65%	1.48%	1.40%
DBMF iMGP DBi Managed Futures Strategy ETF	5.22%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%	0.00%
DODGX Dodge & Cox Stock Fund Class I	9.29%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%
FTGC First Trust Global Tactical Commodity Strategy Fund	15.52%	17.74%	3.05%	3.34%	10.35%	7.21%	0.00%	0.81%	0.80%	1.21%	0.00%	0.00%
GLDM SPDR Gold MiniShares Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ICSH iShares Ultra Short Duration Bond Active ETF	4.34%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%
JAAA Janus Henderson AAA CLO ETF	5.00%	5.30%	6.35%	6.11%	2.74%	1.21%	0.26%	0.00%	0.00%	0.00%	0.00%	0.00%
JMSIX JPMorgan Income Fund	6.03%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%	0.00%
MALOX BlackRock Global Allocation Fund	8.52%	9.22%	7.68%	1.54%	6.01%	10.32%	10.15%	5.68%	5.50%	4.81%	2.10%	9.86%

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 Retirement Target Alt-20 Gld-20. 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 Retirement Target Alt-20 Gld-20 was 7.84%, occurring on Sep 30, 2022. Recovery took 195 trading sessions.

The current Retirement Target Alt-20 Gld-20 drawdown is 3.18%.

Related event	Drawdown	Fall	Recovery	Underwater
Bear market2022	-7.84%Sep 2022	5mo 13d	9mo 16d	1y 2moApr 2022 - Jul 2023
2026 pullback2026	-7.26%Mar 2026	24d	—	3mo 9dMar 2026 - now
2025 selloff2025	-5.02%Apr 2025	1mo 18d	14d	2mo 2dFeb 2025 - Apr 2025
2024 pullback2024	-4.44%Aug 2024	21d	1mo 7d	1mo 28dJul 2024 - Sep 2024
2026 pullback2026	-3.95%Feb 2026	3d	21d	24dJan 2026 - Feb 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 19 assets, with an effective number of assets of 9.07, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.33	1.47	1.63	1.63

The portfolio has a diversification ratio of 1.63, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Retirement Target Alt-20 Gld-20 correlation to the S&P 500 Index

Retirement Target Alt-20 Gld-20 has a 0.57 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.65

Benchmark Correlations

Correlation vs. S&P 500 Index. VTWAX has the highest benchmark correlation at 0.96, while AQMNX has the lowest at -0.07.

-0.07

0.02

0.11

0.11

0.12

0.13

0.14

0.14

0.15

0.19

0.28

0.68

0.70

0.77

0.82

0.89

0.90

0.96

0.96

Portfolio Correlations

Correlation vs. Retirement Target Alt-20 Gld-20. MALOX has the highest portfolio correlation at 0.76, while SPAXX has the lowest at 0.03.

0.03

0.04

0.09

0.19

0.24

0.29

0.34

0.36

0.37

0.46

0.56

0.62

0.63

0.68

0.70

0.73

0.74

0.76

0.76

Asset Correlations Table

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

	SPAXX	JAAA	AQMNX	DBMF	FTGC	ICSH	GLDM	VTIP	VBTIX	BSV	JMSIX	SCHD	DODGX	VIG	VYMI	VXUS	VWELX	VTWAX	MALOX
SPAXX	1.00	0.02	-0.04	-0.04	-0.04	0.03	0.03	0.05	0.15	0.07	0.22	0.06	0.03	0.05	-0.02	-0.02	0.02	0.01	0.02
JAAA	0.02	1.00	-0.03	-0.01	0.04	0.18	0.03	0.03	0.02	0.04	0.06	0.12	0.12	0.15	0.12	0.12	0.14	0.14	0.12
AQMNX	-0.04	-0.03	1.00	0.54	0.09	-0.25	-0.07	-0.23	-0.45	-0.42	-0.35	-0.13	-0.07	-0.10	-0.06	-0.08	-0.13	-0.08	-0.09
DBMF	-0.04	-0.01	0.54	1.00	0.25	-0.23	0.05	-0.16	-0.36	-0.34	-0.30	0.05	0.09	0.08	0.09	0.09	0.04	0.11	0.07
FTGC	-0.04	0.04	0.09	0.25	1.00	-0.03	0.38	0.24	-0.07	-0.03	0.03	0.25	0.24	0.18	0.34	0.30	0.18	0.25	0.26
ICSH	0.03	0.18	-0.25	-0.23	-0.03	1.00	0.22	0.38	0.48	0.55	0.43	0.10	0.09	0.12	0.16	0.18	0.18	0.14	0.20
GLDM	0.03	0.03	-0.07	0.05	0.38	0.22	1.00	0.38	0.32	0.37	0.31	0.12	0.10	0.13	0.35	0.34	0.19	0.21	0.31
VTIP	0.05	0.03	-0.23	-0.16	0.24	0.38	0.38	1.00	0.58	0.68	0.57	0.17	0.13	0.16	0.20	0.19	0.25	0.17	0.26
VBTIX	0.15	0.02	-0.45	-0.36	-0.07	0.48	0.32	0.58	1.00	0.86	0.72	0.12	0.07	0.17	0.17	0.19	0.30	0.16	0.26
BSV	0.07	0.04	-0.42	-0.34	-0.03	0.55	0.37	0.68	0.86	1.00	0.72	0.13	0.09	0.17	0.20	0.22	0.28	0.17	0.28
JMSIX	0.22	0.06	-0.35	-0.30	0.03	0.43	0.31	0.57	0.72	0.72	1.00	0.26	0.26	0.29	0.33	0.36	0.39	0.33	0.42
SCHD	0.06	0.12	-0.13	0.05	0.25	0.10	0.12	0.17	0.12	0.13	0.26	1.00	0.85	0.85	0.67	0.63	0.67	0.72	0.65
DODGX	0.03	0.12	-0.07	0.09	0.24	0.09	0.10	0.13	0.07	0.09	0.26	0.85	1.00	0.85	0.74	0.74	0.78	0.84	0.78
VIG	0.05	0.15	-0.10	0.08	0.18	0.12	0.13	0.16	0.17	0.17	0.29	0.85	0.85	1.00	0.69	0.72	0.88	0.87	0.81
VYMI	-0.02	0.12	-0.06	0.09	0.34	0.16	0.35	0.20	0.17	0.20	0.33	0.67	0.74	0.69	1.00	0.95	0.70	0.82	0.82
VXUS	-0.02	0.12	-0.08	0.09	0.30	0.18	0.34	0.19	0.19	0.22	0.36	0.63	0.74	0.72	0.95	1.00	0.78	0.90	0.89
VWELX	0.02	0.14	-0.13	0.04	0.18	0.18	0.19	0.25	0.30	0.28	0.39	0.67	0.78	0.88	0.70	0.78	1.00	0.94	0.90
VTWAX	0.01	0.14	-0.08	0.11	0.25	0.14	0.21	0.17	0.16	0.17	0.33	0.72	0.84	0.87	0.82	0.90	0.94	1.00	0.95
MALOX	0.02	0.12	-0.09	0.07	0.26	0.20	0.31	0.26	0.26	0.28	0.42	0.65	0.78	0.81	0.82	0.89	0.90	0.95	1.00

The correlation results are calculated based on daily price changes starting from May 26, 2021

Diversification Analysis

Find what Retirement Target Alt-20 Gld-20 is missing

See which holdings overlap, where Retirement Target Alt-20 Gld-20 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification