Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | Dividend | 37.50% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | Nasdaq-100, Derivative Income | 22.50% |
IDOG ALPS International Sector Dividend Dogs ETF | Foreign Large Cap Equities, Dividend | 13.40% |
SCHY Schwab International Dividend Equity ETF | Dividend, Foreign Large Cap Equities | 13.30% |
IDV iShares International Select Dividend ETF | Global Equities, Dividend | 13.30% |
Find the right asset allocation for 2023
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in 2023, 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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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio 2023 | 0.58% | 2.32% | 14.92% | 15.41% | 29.19% | 18.81% | — | — |
| Portfolio components: | ||||||||
IDOG ALPS International Sector Dividend Dogs ETF | 0.25% | 1.68% | 15.19% | 16.21% | 35.59% | 21.66% | 13.53% | 11.68% |
IDV iShares International Select Dividend ETF | 0.31% | -0.98% | 13.60% | 15.83% | 36.40% | 25.11% | 12.17% | 10.92% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 0.62% | 0.68% | 7.85% | 8.80% | 26.60% | 19.91% | — | — |
SCHD Schwab U.S. Dividend Equity ETF | 0.89% | 3.21% | 20.66% | 19.57% | 26.72% | 14.90% | 8.75% | 12.91% |
SCHY Schwab International Dividend Equity ETF | 0.24% | 1.36% | 10.44% | 11.90% | 23.76% | 15.61% | 8.28% | — |
Monthly Returns
Based on dividend-adjusted daily data since May 4, 2022, 2023's average daily return is +0.06%, while the average monthly return is +1.16%. At this rate, an investment would double in approximately 5.0 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2022 with a return of +8.9%, while the worst month was Sep 2022 at -8.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, 2023 closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +7.0%, while the worst single day was Apr 4, 2025 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.86% | 5.00% | -3.39% | 4.79% | 1.69% | 0.43% | 14.92% | ||||||
| 2025 | 2.54% | 1.87% | 0.00% | -1.43% | 2.86% | 3.12% | 0.41% | 4.35% | 0.73% | 0.96% | 2.56% | 1.58% | 21.25% |
| 2024 | 0.06% | 1.65% | 3.12% | -3.05% | 4.18% | -0.59% | 3.66% | 2.63% | 1.69% | -1.95% | 2.59% | -3.53% | 10.53% |
| 2023 | 5.07% | -2.59% | 1.95% | 1.47% | -2.81% | 4.46% | 3.71% | -2.14% | -3.21% | -2.62% | 7.25% | 5.17% | 15.98% |
| 2022 | 1.53% | -8.27% | 3.78% | -4.16% | -8.72% | 7.57% | 8.87% | -2.71% | -3.65% |
Benchmark Metrics
2023 has an annualized alpha of 3.45%, beta of 0.69, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since May 04, 2022.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (70.85%) than losses (63.94%) - typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 3.45% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.69 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.45%
- Beta
- 0.69
- R²
- 0.79
- Upside Capture
- 70.85%
- Downside Capture
- 63.94%
Expense Ratio
2023 has an expense ratio of 0.24%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
2023 ranks 91 for risk / return — in the top 91% 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.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for 2023 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 | 2.95 | 1.86 | +1.09 |
| Sortino ratioReturn per unit of downside risk | 4.13 | 2.53 | +1.60 |
| Omega ratioGain probability vs. loss probability | 1.54 | 1.34 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 5.09 | 2.53 | +2.56 |
| Martin ratioReturn relative to average drawdown | 19.92 | 11.37 | +8.55 |
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 |
|---|---|---|---|---|---|---|
IDOG ALPS International Sector Dividend Dogs ETF | 86 | 2.49 | 3.30 | 1.42 | 5.31 | 18.43 |
IDV iShares International Select Dividend ETF | 87 | 2.69 | 3.52 | 1.49 | 4.13 | 15.32 |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 71 | 2.03 | 2.69 | 1.40 | 2.91 | 13.84 |
SCHD Schwab U.S. Dividend Equity ETF | 86 | 2.41 | 3.72 | 1.43 | 5.70 | 13.97 |
SCHY Schwab International Dividend Equity ETF | 58 | 1.86 | 2.56 | 1.33 | 2.46 | 7.63 |
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Dividends
Dividend yield
2023 provided a 4.99% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.99% | 5.50% | 5.67% | 5.61% | 5.46% | 2.56% | 2.31% | 2.53% | 2.54% | 2.03% | 2.24% | 2.35% |
| Portfolio components: | ||||||||||||
IDOG ALPS International Sector Dividend Dogs ETF | 3.39% | 4.26% | 4.90% | 4.86% | 4.46% | 3.85% | 3.00% | 5.41% | 4.50% | 3.33% | 4.01% | 4.19% |
IDV iShares International Select Dividend ETF | 4.40% | 4.94% | 6.46% | 6.51% | 7.33% | 5.78% | 5.47% | 5.15% | 5.93% | 4.52% | 4.69% | 5.08% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 10.22% | 10.53% | 9.65% | 10.03% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.22% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
SCHY Schwab International Dividend Equity ETF | 3.36% | 3.55% | 4.64% | 3.97% | 3.67% | 1.73% | 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 2023. 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 2023 was 17.31%, occurring on Oct 12, 2022. Recovery took 125 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.31%Oct 2022 | 5mo 10d | 6mo 3d | 11mo 13dMay 2022 - Apr 2023 |
2025 selloff2025 | -12.40%Apr 2025 | 29d | 1mo 11d | 2mo 10dMar 2025 - May 2025 |
2023 pullback2023 | -9.24%Oct 2023 | 2mo 28d | 1mo 15d | 4mo 13dJul 2023 - Dec 2023 |
2026 pullback2026 | -5.55%Mar 2026 | 18d | 1mo 1d | 1mo 19dMar 2026 - Apr 2026 |
2024 pullback2024 | -4.91%Aug 2024 | 18d | 14d | 1mo 2dJul 2024 - Aug 2024 |
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 4.09, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | All Time | |
|---|---|---|---|
Diversification Ratio | 1.26 | 1.20 | 1.15 |
The portfolio has a diversification ratio of 1.15, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.
2023 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 4, 2022 | 0.83 |
Benchmark Correlations
Correlation vs. S&P 500 Index. JEPQ has the highest benchmark correlation at 0.92, while SCHY has the lowest at 0.60.
Asset Correlations Table
Find what 2023 is missing
See which holdings overlap, where 2023 is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification