GANAM Capitalization-Weighted

Asset Allocation

Position	Category/Sector	Target Weight
MSFT Microsoft Corporation	Technology	26.91%
AAPL Apple Inc	Technology	25.15%
NVDA NVIDIA Corporation	Technology	16.14%
GOOGL Alphabet Inc. Class A	Communication Services	16.10%
AMZN Amazon.com, Inc	Consumer Cyclical	15.70%

Benchmark: S&P 500 Index · Rebalance: Every 3 months

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in GANAM Capitalization-Weighted, 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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Benchmark

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Returns By Period

As of Aug 6, 2026, the GANAM Capitalization-Weighted returned 13.21% Year-To-Date and 34.16% of annualized return in the last 10 years.

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	-0.17%	2.47%	12.22%	12.83%	22.61%	19.93%	11.73%	13.47%	8.14%
Portfolio GANAM Capitalization-Weighted	-0.56%	10.33%	17.08%	13.21%	32.55%	32.95%	24.39%	34.16%	31.15%
Portfolio components:
AAPL Apple Inc	0.52%	-0.53%	12.69%	14.61%	53.87%	20.11%	16.87%	28.88%	19.31%
AMZN Amazon.com, Inc	-1.72%	11.67%	17.02%	18.12%	27.56%	25.01%	10.27%	21.69%	30.20%
GOOGL Alphabet Inc. Class A	-4.03%	-1.10%	8.97%	15.94%	86.71%	41.85%	21.92%	24.66%	25.49%
MSFT Microsoft Corporation	-1.09%	26.04%	18.21%	1.24%	-6.90%	15.04%	11.90%	25.26%	25.30%
NVDA NVIDIA Corporation	3.43%	12.10%	26.00%	17.69%	23.14%	70.03%	60.95%	65.44%	36.70%

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

Monthly Returns

Based on dividend-adjusted daily data since Aug 19, 2004, GANAM Capitalization-Weighted's average daily return is +0.12%, while the average monthly return is +2.51%. At this rate, an investment would double in approximately 2.3 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +16.6%, while the worst month was Jan 2008 at -20.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GANAM Capitalization-Weighted closed higher 56% of trading days. The best single day was Oct 13, 2008 with a return of +15.3%, while the worst single day was Mar 16, 2020 at -13.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-1.84%	-6.24%	-4.17%	16.59%	7.22%	-10.03%	10.46%	3.33%					13.21%
2025	-0.99%	-4.65%	-8.72%	0.34%	10.23%	7.48%	6.73%	2.67%	6.18%	7.19%	-0.84%	-0.88%	25.58%
2024	4.80%	8.15%	4.14%	-2.09%	10.47%	8.97%	-2.66%	-0.27%	2.45%	-0.26%	4.71%	3.60%	49.70%
2023	14.64%	1.49%	14.64%	3.37%	13.35%	6.13%	3.80%	0.31%	-7.08%	0.75%	11.19%	2.46%	84.20%
2022	-7.80%	-2.14%	5.59%	-16.92%	-2.45%	-8.74%	15.77%	-7.39%	-12.57%	2.80%	6.54%	-11.00%	-35.63%
2021	1.39%	0.29%	0.54%	9.96%	-1.16%	10.46%	3.78%	6.92%	-6.79%	12.18%	7.37%	-0.29%	52.45%

Benchmark Metrics

GANAM Capitalization-Weighted has an annualized alpha of 20.10%, beta of 1.15, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since August 19, 2004.

This portfolio captured 200.48% of S&P 500 Index gains but only 98.11% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 20.10% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
With beta of 1.15 and R2 of 0.69, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha: 20.10%

Beta: 1.15

R²: 0.69

Upside Capture: 200.48%

Downside Capture: 98.11%

See how alpha, beta & R² have trended over time →

Expense Ratio

GANAM Capitalization-Weighted 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

GANAM Capitalization-Weighted ranks 31 for risk / return — above 31% of Portfolios peers on PortfoliosLab. Its historical combined result is below the peer median.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

Risk / Return Metrics

The table below presents risk-adjusted performance metrics for GANAM Capitalization-Weighted 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	1.67	1.77	-0.10
Sortino ratioReturn per unit of downside risk	2.31	2.44	-0.13
Omega ratioGain probability vs. loss probability	1.29	1.32	-0.03
Calmar ratioReturn relative to maximum drawdown	1.88	2.50	-0.61
Martin ratioReturn relative to average drawdown	5.45	10.58	-5.13

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
AAPL Apple Inc	90	2.09	2.76	1.38	3.92	9.19
AMZN Amazon.com, Inc	68	0.80	1.46	1.17	1.27	2.71
GOOGL Alphabet Inc. Class A	94	2.68	3.65	1.45	4.14	11.67
MSFT Microsoft Corporation	32	-0.22	-0.10	0.99	-0.20	-0.36
NVDA NVIDIA Corporation	63	0.64	1.11	1.13	1.15	2.33

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. Learn how to interpret the Sharpe ratio.

The current GANAM Capitalization-Weighted Sharpe ratio is 1.67 as of Aug 6, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.40 to 2.23, 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 GANAM Capitalization-Weighted 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

GANAM Capitalization-Weighted provided a 0.34% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.34%	0.33%	0.35%	0.33%	0.48%	0.32%	0.43%	0.63%	0.98%	0.91%	1.19%	1.30%
Portfolio components:
AAPL Apple Inc	0.34%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
AMZN Amazon.com, 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%
GOOGL Alphabet Inc. Class A	0.23%	0.27%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MSFT Microsoft Corporation	0.73%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
NVDA NVIDIA Corporation	0.13%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

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 GANAM Capitalization-Weighted. 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 GANAM Capitalization-Weighted was 62.90%, occurring on Nov 20, 2008. Recovery took 350 trading sessions.

The current GANAM Capitalization-Weighted drawdown is 0.56%.

Drawdown	Fall	Recovery	Underwater	Related event
-62.90%Nov 2008	10mo 29d	1y 4mo	2y 3moDec 2007 - Apr 2010	Financial crisis2007–2009
-39.58%Jan 2023	1y 8d	4mo 27d	1y 5moDec 2021 - Jun 2023	—
-31.25%Dec 2018	2mo 23d	9mo 21d	1y 9dOct 2018 - Oct 2019	Rate-hike selloffLate 2018
-28.35%Mar 2020	25d	1mo 26d	2mo 21dFeb 2020 - May 2020	COVID crash2020
-26.71%Apr 2025	3mo 13d	2mo 26d	6mo 9dDec 2024 - Jul 2025	2025 selloff2025

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 4.71, 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	10Y	All Time
Diversification Ratio	1.60	1.37	1.26	1.22	1.30

The portfolio has a diversification ratio of 1.30, in line with the typical range across portfolios.

GANAM Capitalization-Weighted correlation to the S&P 500 Index

GANAM Capitalization-Weighted has a 0.80 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) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.81
Correlation (All Time) Calculated using the full available price history since Aug 19, 2004	0.77