FANG Plus Portfolio
FANG+ is a portfolio that consists of 10 of today’s most traded tech giants.
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
AAPL Apple Inc | Technology | 10% |
AMZN Amazon.com, Inc. | Consumer Cyclical | 10% |
BABA Alibaba Group Holding Limited | Consumer Cyclical | 10% |
BIDU Baidu, Inc. | Communication Services | 10% |
GOOGL Alphabet Inc Class A | Communication Services | 10% |
META Meta Platforms, Inc. | Communication Services | 10% |
NFLX Netflix, Inc. | Communication Services | 10% |
NVDA NVIDIA Corporation | Technology | 10% |
TCEHY Tencent Holdings Limited | Communication Services | 10% |
TSLA Tesla, Inc. | Consumer Cyclical | 10% |
Performance
Performance Chart
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The earliest data available for this chart is Sep 19, 2014, corresponding to the inception date of BABA
Returns By Period
As of May 14, 2025, the FANG Plus Portfolio returned 8.68% Year-To-Date and 29.29% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.08% | 9.75% | -1.63% | 12.74% | 15.66% | 10.77% |
| FANG Plus Portfolio | 8.68% | 16.41% | 13.67% | 41.36% | 28.56% | 29.29% |
| Portfolio components: | ||||||
NVDA NVIDIA Corporation | -3.24% | 17.13% | -12.37% | 43.78% | 75.02% | 74.19% |
BABA Alibaba Group Holding Limited | 55.27% | 22.20% | 43.44% | 56.94% | -7.77% | 4.29% |
TSLA Tesla, Inc. | -17.28% | 32.40% | 1.70% | 94.35% | 44.42% | 35.13% |
AMZN Amazon.com, Inc. | -3.66% | 14.33% | 1.18% | 13.29% | 12.14% | 25.88% |
GOOGL Alphabet Inc Class A | -15.63% | 1.52% | -11.96% | -5.23% | 18.84% | 19.41% |
NFLX Netflix, Inc. | 27.73% | 23.97% | 38.92% | 84.63% | 20.92% | 29.33% |
BIDU Baidu, Inc. | 8.04% | 10.11% | 7.42% | -18.52% | -1.05% | -7.25% |
META Meta Platforms, Inc. | 12.14% | 20.69% | 12.37% | 40.69% | 26.21% | 23.49% |
AAPL Apple Inc | -14.77% | 7.60% | -4.81% | 14.84% | 23.24% | 22.20% |
TCEHY Tencent Holdings Limited | 22.20% | 14.77% | 26.37% | 36.69% | 5.56% | 13.45% |
Monthly Returns
The table below presents the monthly returns of FANG Plus Portfolio, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.77% | 0.06% | -5.39% | 0.26% | 9.29% | 8.68% | |||||||
| 2024 | -0.24% | 9.01% | 2.62% | -0.03% | 6.96% | 4.90% | 0.52% | 1.43% | 11.62% | -1.94% | 5.96% | 4.79% | 55.09% |
| 2023 | 22.71% | 0.81% | 12.15% | -5.11% | 11.60% | 9.58% | 8.15% | -3.17% | -6.52% | -4.99% | 10.16% | 2.62% | 69.24% |
| 2022 | -6.27% | -8.43% | 2.56% | -17.91% | -1.46% | -5.14% | 8.92% | -2.84% | -11.32% | -8.93% | 14.00% | -6.00% | -38.14% |
| 2021 | 4.57% | 0.12% | -3.27% | 6.25% | -3.23% | 7.33% | -3.84% | 4.11% | -4.14% | 11.60% | 0.26% | -2.88% | 16.53% |
| 2020 | 7.74% | -0.33% | -8.10% | 16.77% | 5.84% | 11.16% | 12.39% | 19.91% | -6.62% | 0.36% | 6.35% | 9.71% | 99.78% |
| 2019 | 12.37% | 1.38% | 3.87% | 3.19% | -15.71% | 9.91% | 1.98% | -4.58% | 0.41% | 7.95% | 7.29% | 8.45% | 38.82% |
| 2018 | 16.07% | -0.94% | -6.65% | 3.11% | 6.72% | 2.78% | -2.58% | 4.21% | -2.95% | -11.14% | -1.29% | -8.99% | -4.52% |
| 2017 | 9.51% | 1.88% | 4.94% | 5.14% | 9.27% | 0.01% | 9.11% | 3.73% | 1.14% | 6.69% | 0.08% | -0.38% | 63.80% |
| 2016 | -10.34% | -0.22% | 11.20% | -1.50% | 6.77% | -3.62% | 7.41% | 4.22% | 5.15% | 1.54% | -1.97% | 3.83% | 22.68% |
| 2015 | 3.46% | 4.37% | -2.14% | 7.12% | 3.80% | 0.21% | 4.74% | -4.53% | -2.25% | 15.48% | 6.93% | -2.66% | 38.32% |
| 2014 | -3.17% | 1.33% | 3.85% | -5.81% | -4.01% |
Expense Ratio
FANG Plus 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 88, FANG Plus Portfolio is among the top 12% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.74 | 1.37 | 1.17 | 1.26 | 3.11 |
BABA Alibaba Group Holding Limited | 1.24 | 2.08 | 1.26 | 0.87 | 4.09 |
TSLA Tesla, Inc. | 1.31 | 2.08 | 1.25 | 1.60 | 3.91 |
AMZN Amazon.com, Inc. | 0.39 | 0.71 | 1.09 | 0.37 | 1.00 |
GOOGL Alphabet Inc Class A | -0.17 | -0.05 | 0.99 | -0.19 | -0.42 |
NFLX Netflix, Inc. | 2.62 | 3.42 | 1.45 | 4.49 | 14.68 |
BIDU Baidu, Inc. | -0.43 | -0.34 | 0.96 | -0.23 | -0.82 |
META Meta Platforms, Inc. | 1.11 | 1.64 | 1.21 | 1.13 | 3.50 |
AAPL Apple Inc | 0.45 | 0.91 | 1.13 | 0.48 | 1.62 |
TCEHY Tencent Holdings Limited | 1.05 | 1.67 | 1.23 | 0.80 | 3.75 |
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Dividends
Dividend yield
FANG Plus Portfolio provided a 0.25% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.25% | 0.27% | 0.86% | 0.50% | 0.09% | 0.09% | 0.16% | 0.25% | 0.19% | 0.26% | 0.34% | 0.34% |
| Portfolio components: | ||||||||||||
NVDA NVIDIA Corporation | 0.03% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% |
BABA Alibaba Group Holding Limited | 0.50% | 0.78% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSLA Tesla, 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% |
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 | 0.50% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NFLX Netflix, 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% |
BIDU Baidu, 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% |
META Meta Platforms, Inc. | 0.31% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
AAPL Apple Inc | 0.47% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
TCEHY Tencent Holdings Limited | 0.66% | 0.81% | 6.83% | 4.22% | 0.35% | 0.21% | 0.26% | 0.29% | 0.15% | 0.25% | 0.24% | 0.04% |
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 Plus 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 Plus Portfolio was 48.44%, occurring on Nov 9, 2022. Recovery took 178 trading sessions.
The current FANG Plus Portfolio drawdown is 2.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.44% | Nov 22, 2021 | 244 | Nov 9, 2022 | 178 | Jul 28, 2023 | 422 |
| -31.91% | Feb 20, 2020 | 20 | Mar 18, 2020 | 51 | Jun 1, 2020 | 71 |
| -30.26% | Jun 21, 2018 | 129 | Dec 24, 2018 | 247 | Dec 17, 2019 | 376 |
| -23.01% | Feb 18, 2025 | 36 | Apr 8, 2025 | — | — | — |
| -22.59% | Dec 7, 2015 | 46 | Feb 11, 2016 | 74 | May 27, 2016 | 120 |
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 10 assets, with an effective number of assets of 10.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| ^GSPC | TCEHY | TSLA | BABA | BIDU | NFLX | NVDA | AAPL | META | AMZN | GOOGL | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.16 | 0.47 | 0.45 | 0.46 | 0.51 | 0.63 | 0.69 | 0.62 | 0.65 | 0.70 | 0.74 |
| TCEHY | 0.16 | 1.00 | 0.13 | 0.38 | 0.33 | 0.13 | 0.13 | 0.14 | 0.13 | 0.15 | 0.15 | 0.37 |
| TSLA | 0.47 | 0.13 | 1.00 | 0.31 | 0.34 | 0.39 | 0.42 | 0.42 | 0.36 | 0.42 | 0.39 | 0.64 |
| BABA | 0.45 | 0.38 | 0.31 | 1.00 | 0.66 | 0.37 | 0.38 | 0.37 | 0.40 | 0.41 | 0.41 | 0.67 |
| BIDU | 0.46 | 0.33 | 0.34 | 0.66 | 1.00 | 0.36 | 0.38 | 0.38 | 0.39 | 0.39 | 0.42 | 0.68 |
| NFLX | 0.51 | 0.13 | 0.39 | 0.37 | 0.36 | 1.00 | 0.47 | 0.44 | 0.51 | 0.54 | 0.48 | 0.66 |
| NVDA | 0.63 | 0.13 | 0.42 | 0.38 | 0.38 | 0.47 | 1.00 | 0.52 | 0.52 | 0.55 | 0.53 | 0.71 |
| AAPL | 0.69 | 0.14 | 0.42 | 0.37 | 0.38 | 0.44 | 0.52 | 1.00 | 0.51 | 0.56 | 0.58 | 0.66 |
| META | 0.62 | 0.13 | 0.36 | 0.40 | 0.39 | 0.51 | 0.52 | 0.51 | 1.00 | 0.61 | 0.65 | 0.69 |
| AMZN | 0.65 | 0.15 | 0.42 | 0.41 | 0.39 | 0.54 | 0.55 | 0.56 | 0.61 | 1.00 | 0.68 | 0.73 |
| GOOGL | 0.70 | 0.15 | 0.39 | 0.41 | 0.42 | 0.48 | 0.53 | 0.58 | 0.65 | 0.68 | 1.00 | 0.71 |
| Portfolio | 0.74 | 0.37 | 0.64 | 0.67 | 0.68 | 0.66 | 0.71 | 0.66 | 0.69 | 0.73 | 0.71 | 1.00 |
AI Insight on Diversification
The portfolio is moderately diversified but leans toward concentration within a specific sector and theme, namely large-cap technology and internet-related companies often grouped under the "FANG Plus" label. The correlation matrix reveals several insights about the portfolio's internal relationships and diversification characteristics.
Firstly, many of the positions exhibit relatively high positive correlations, especially among the U.S.-based tech giants such as AAPL, NVDA, META, GOOGL, and AMZN, with correlations generally ranging from about 0.5 to 0.7. These strong correlations suggest that these stocks tend to move in tandem, which reduces the diversification benefit within this subset of the portfolio.
Among the Chinese tech names (TCEHY, BIDU, BABA), correlations are also moderately high, with BIDU and BABA showing a correlation of 0.66, indicating these positions are somewhat clustered and may respond similarly to regional or sector-specific factors. This clustering reduces diversification across geographic lines within the portfolio.
Tesla (TSLA) stands out with notably lower correlations to TCEHY (0.12) and generally lower correlations to other positions compared to the rest, with most correlations in the 0.3 to 0.4 range. This lower correlation helps improve diversification by introducing some idiosyncratic risk that is less tied to the broader tech and internet sector movements.
Looking at the portfolio’s correlation with individual positions, the portfolio correlates most strongly with AMZN (0.73), NVDA (0.71), and GOOGL (0.71), indicating these stocks have a dominant influence on the portfolio’s overall behavior. This suggests a concentration risk, where the portfolio’s performance is heavily driven by a few large-cap tech names.
On the other hand, TCEHY has the lowest correlation with the portfolio at 0.37, indicating it contributes some diversification benefit by behaving differently from the portfolio’s main drivers.
In summary, while the portfolio includes a few lower-correlated positions like TSLA and TCEHY that help mitigate concentration risk, it remains relatively concentrated in highly correlated large-cap tech stocks. This concentration means the portfolio is exposed to sector-specific risks and may not be well insulated against broad tech market downturns. The diversification benefits are moderate but limited by the strong co-movement among the core tech holdings.