FANG Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
META Meta Platforms, Inc.	Communication Services	25%
AMZN Amazon.com, Inc	Consumer Cyclical	25%
GOOG Alphabet Inc	Communication Services	25%
NFLX Netflix, Inc.	Communication Services	25%

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 FANG Portfolio, 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

Compare your portfolio against anything

Returns By Period

As of Aug 1, 2026, the FANG Portfolio returned -1.52% Year-To-Date and 24.71% of annualized return in the last 10 years.

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	0.70%	0.09%	7.94%	9.41%	18.15%	17.84%	11.25%	13.26%	8.09%
Portfolio FANG Portfolio	5.86%	-0.31%	-3.71%	-1.52%	3.83%	29.25%	15.82%	24.71%	25.98%
Portfolio components:
AMZN Amazon.com, Inc	15.32%	12.36%	13.49%	17.66%	16.01%	27.29%	10.30%	21.72%	30.20%
GOOG Alphabet Inc	6.88%	-0.35%	5.49%	13.80%	85.45%	39.73%	21.62%	25.03%	22.84%
META Meta Platforms, Inc.	3.28%	-9.17%	-22.16%	-15.51%	-27.79%	20.28%	9.53%	16.39%	20.02%
NFLX Netflix, Inc.	-2.00%	-3.34%	-14.11%	-23.52%	-38.15%	17.81%	6.74%	22.59%	30.45%

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

Monthly Returns

Based on dividend-adjusted daily data since Apr 3, 2014, FANG Portfolio's average daily return is +0.11%, while the average monthly return is +2.20%. At this rate, an investment would double in approximately 2.7 years.

Historically, 62% of months were positive and 38% were negative. The best month was Jan 2018 with a return of +20.7%, while the worst month was Apr 2022 at -25.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FANG Portfolio closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +11.3%, while the worst single day was Apr 20, 2022 at -11.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.27%	-4.39%	-5.05%	16.18%	-0.73%	-11.17%	3.54%						-1.52%
2025	10.90%	-7.27%	-9.57%	4.15%	10.48%	8.72%	1.63%	2.03%	2.74%	2.15%	1.75%	-3.23%	24.66%
2024	7.20%	11.42%	2.36%	-3.85%	7.63%	6.98%	-5.39%	2.98%	4.27%	2.27%	7.25%	4.77%	58.01%
2023	19.78%	-2.21%	13.85%	3.76%	14.37%	6.45%	5.79%	-0.55%	-5.69%	2.31%	10.25%	4.94%	97.82%
2022	-13.11%	-9.70%	2.87%	-25.14%	-1.45%	-10.99%	15.23%	-2.79%	-7.75%	-4.65%	6.85%	-6.75%	-47.97%
2021	-0.93%	2.27%	3.00%	9.33%	-1.97%	5.35%	1.27%	7.09%	-4.39%	5.62%	-1.91%	-1.62%	24.53%

Benchmark Metrics

FANG Portfolio has an annualized alpha of 12.84%, beta of 1.18, and R2 of 0.53 versus S&P 500 Index. Calculated based on daily prices since April 03, 2014.

This portfolio captured 164.30% of S&P 500 Index gains and 102.59% of its losses - amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 12.84% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 12.84%

Beta: 1.18

R²: 0.53

Upside Capture: 164.30%

Downside Capture: 102.59%

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

Expense Ratio

FANG Portfolio 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

FANG Portfolio ranks 7 for risk / return — above 7% of Portfolios peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

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 FANG Portfolio 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	0.16	1.42	-1.25
Sortino ratioReturn per unit of downside risk	0.41	1.98	-1.57
Omega ratioGain probability vs. loss probability	1.05	1.25	-0.21
Calmar ratioReturn relative to maximum drawdown	0.25	2.00	-1.75
Martin ratioReturn relative to average drawdown	0.61	8.49	-7.88

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
AMZN Amazon.com, Inc	60	0.46	0.94	1.11	0.74	1.58
GOOG Alphabet Inc	95	2.71	3.75	1.46	4.14	11.53
META Meta Platforms, Inc.	11	-0.73	-0.91	0.89	-0.84	-1.52
NFLX Netflix, Inc.	6	-1.10	-1.61	0.80	-0.82	-1.45

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. Learn how to interpret the Sharpe ratio.

The current FANG Portfolio Sharpe ratio is 0.16 as of Aug 1, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.18 to 2.00, 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 FANG Portfolio 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

FANG Portfolio provided a 0.15% dividend yield over the last twelve months.

Position	TTM	2025	2024
Portfolio	0.15%	0.15%	0.16%
Portfolio components:
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%
GOOG Alphabet Inc	0.24%	0.26%	0.32%
META Meta Platforms, Inc.	0.38%	0.32%	0.34%
NFLX Netflix, Inc.	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 FANG Portfolio. 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 FANG Portfolio was 55.92%, occurring on Nov 3, 2022. Recovery took 304 trading sessions.

The current FANG Portfolio drawdown is 9.48%.

Drawdown	Fall	Recovery	Underwater	Related event
-55.92%Nov 2022	11mo 16d	1y 2mo	2y 2moNov 2021 - Jan 2024	Bear market2022
-32.10%Dec 2018	5mo 1d	4mo 3d	9mo 4dJul 2018 - Apr 2019	Rate-hike selloffLate 2018
-26.47%Mar 2020	25d	1mo 15d	2mo 10dFeb 2020 - Apr 2020	COVID crash2020
-25.03%Apr 2025	1mo 28d	2mo 23d	4mo 21dFeb 2025 - Jun 2025	2025 selloff2025
-20.45%Feb 2016	2mo 3d	5mo 25d	7mo 28dDec 2015 - Aug 2016	—

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

AI Analysis

The gist

The portfolio is a four-stock bet on large-cap internet platforms, with Amazon (AMZN) as the odd one out only in industry label, not in risk behavior. It is diversified in the arithmetic sense, but the correlations say the portfolio mostly owns one trade in four wrappers.

The numbers

Diversification ratio is 1.48 at 1Y, then 1.35, 1.27, 1.24, and 1.25 over longer windows; that is modest diversification, with the recent window looking better than the long run.
Effective asset count is 4.0 of 4, so concentration is not a weight problem; the issue is that the weights are spread across assets that still move together.
Pairwise correlations run from 0.44 to 0.65, with Alphabet (GOOG) tied most closely to Amazon and Meta; the cluster output confirms a three-name core and a separate Netflix (NFLX) satellite.

The good

Equal weighting avoids one name becoming the portfolio’s whole biography.
The 1Y DR percentile of 67.5th suggests the names have not been perfectly locked together recently, which helps at the margin.

The bad

Meta Platforms (META), Amazon (AMZN), and Alphabet (GOOG) sit in a tight cluster, so much of the portfolio shares the same advertising, consumer demand, and cloud-adjacent macro sensitivities.
Position-to-portfolio correlations of 0.76-0.83 are high enough that each holding is, in practice, a proxy for the same factor mix.

The ugly

If ad budgets, e-commerce demand, and AI spending all reprice together, the apparent four-way spread behaves more like a single correlated growth sleeve.

Next steps

Portfolios with this correlation profile are typically paired with exposures whose earnings drivers sit outside digital advertising and platform traffic.
The gap between 1Y and longer-window diversification suggests the correlation structure has recently loosened a bit, though the long-run picture remains fairly compact.

AI-generated analysis. Not investment advice. Verify key facts independently.

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Diversification Metrics

Number of Effective Assets

The portfolio contains 4 assets, with an effective number of assets of 4.00, 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	5Y	10Y	All Time
Diversification Ratio	1.48	1.35	1.27	1.24	1.25

The portfolio has a diversification ratio of 1.25, in line with the typical range across portfolios.

FANG Portfolio correlation to the S&P 500 Index

FANG Portfolio has a 0.64 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.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (10Y) Provides a long-term view across more market conditions.	0.71
Correlation (All Time) Calculated using the full available price history since Apr 3, 2014	0.70

Benchmark Correlations

Correlation vs. S&P 500 Index. GOOG has the highest benchmark correlation at 0.68, while NFLX has the lowest at 0.48.

NFLX

0.48

Portfolio Correlations

Correlation vs. FANG Portfolio. AMZN has the highest portfolio correlation at 0.83, while NFLX has the lowest at 0.76.

NFLX

0.76

GOOG

0.78

Asset Correlations Table

See how each holding historically moved in relation to the other holdings, the portfolio, and the selected benchmark.

	NFLX	META	GOOG	AMZN
NFLX	1.00	0.48	0.44	0.51
META	0.48	1.00	0.63	0.61
GOOG	0.44	0.63	1.00	0.65
AMZN	0.51	0.61	0.65	1.00

Based on daily historical returns since Apr 3, 2014

Diversification Analysis

Find what FANG Portfolio is missing

See which holdings overlap, where FANG Portfolio is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification