FANG Plus Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
NVDA NVIDIA Corporation	Technology	10%
BABA Alibaba Group Holding Limited	Consumer Cyclical	10%
TSLA Tesla, Inc.	Consumer Cyclical	10%
AMZN Amazon.com, Inc	Consumer Cyclical	10%
GOOGL Alphabet Inc. Class A	Communication Services	10%
NFLX Netflix, Inc.	Communication Services	10%
BIDU Baidu, Inc.	Communication Services	10%
META Meta Platforms, Inc.	Communication Services	10%
AAPL Apple Inc	Technology	10%
TCEHY Tencent Holdings Limited	Communication Services	10%

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 Plus 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

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Returns By Period

As of Aug 2, 2026, the FANG Plus Portfolio returned -5.90% Year-To-Date and 28.46% 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%	20.07%	17.84%	11.25%	13.26%	8.09%
Portfolio FANG Plus Portfolio	2.81%	1.78%	-9.12%	-5.90%	14.95%	25.97%	18.30%	28.46%	27.35%
Portfolio components:
AAPL Apple Inc	-7.35%	0.09%	19.27%	13.84%	53.24%	16.99%	16.79%	29.23%	19.30%
AMZN Amazon.com, Inc	15.32%	11.91%	13.49%	17.66%	26.46%	27.29%	10.30%	21.72%	30.20%
BABA Alibaba Group Holding Limited	5.10%	27.16%	-27.24%	-15.83%	5.38%	9.08%	-7.82%	4.48%	2.89%
BIDU Baidu, Inc.	3.38%	-1.93%	-27.46%	-14.96%	29.00%	-10.15%	-7.49%	-3.63%	14.40%
GOOGL Alphabet Inc. Class A	6.73%	-1.05%	5.50%	13.93%	88.84%	39.78%	21.67%	24.55%	25.41%
META Meta Platforms, Inc.	3.28%	-4.49%	-22.16%	-15.51%	-25.53%	20.28%	9.53%	16.39%	20.02%
NFLX Netflix, Inc.	-2.00%	-7.65%	-14.11%	-23.52%	-38.11%	17.81%	6.74%	22.59%	30.45%
NVDA NVIDIA Corporation	2.93%	3.04%	5.16%	7.77%	15.71%	62.93%	59.52%	64.62%	36.28%
TCEHY Tencent Holdings Limited	1.45%	10.98%	-18.65%	-18.82%	-8.49%	11.92%	2.48%	11.45%	24.50%
TSLA Tesla, Inc.	0.76%	-20.90%	-27.69%	-30.80%	2.84%	6.03%	6.32%	35.29%	40.79%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 19, 2014, FANG Plus Portfolio's average daily return is +0.11%, while the average monthly return is +2.26%. At this rate, an investment would double in approximately 2.6 years.

Historically, 64% of months were positive and 36% were negative. The best month was Jan 2023 with a return of +22.8%, while the worst month was Apr 2022 at -17.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FANG Plus Portfolio closed higher 55% of trading days. The best single day was Mar 16, 2022 with a return of +13.3%, while the worst single day was Mar 16, 2020 at -12.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.54%	-7.99%	-6.06%	10.50%	2.44%	-9.76%	2.94%						-5.90%
2025	5.15%	-0.17%	-5.41%	0.26%	8.05%	5.58%	3.49%	5.73%	14.44%	0.90%	-2.20%	-0.56%	39.55%
2024	-0.24%	8.81%	2.79%	-0.27%	7.27%	4.81%	0.52%	1.40%	11.38%	-1.59%	6.01%	4.63%	55.08%
2023	22.81%	0.85%	12.03%	-4.96%	11.49%	9.68%	8.22%	-3.29%	-6.63%	-4.87%	10.08%	2.75%	69.55%
2022	-5.93%	-8.78%	2.37%	-17.88%	-1.37%	-4.93%	8.77%	-2.84%	-11.27%	-8.88%	14.30%	-6.33%	-38.12%
2021	4.90%	0.11%	-3.28%	6.00%	-3.07%	7.22%	-3.90%	4.15%	-3.99%	11.31%	0.34%	-2.91%	16.60%

Benchmark Metrics

FANG Plus Portfolio has an annualized alpha of 13.30%, beta of 1.22, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since September 19, 2014.

This portfolio captured 164.11% of S&P 500 Index gains but only 96.85% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 13.30% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 13.30%

Beta: 1.22

R²: 0.62

Upside Capture: 164.11%

Downside Capture: 96.85%

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

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.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

FANG Plus Portfolio ranks 10 for risk / return — above 10% 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 Plus 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	0.52	1.42	-0.89
Sortino ratioReturn per unit of downside risk	0.88	1.98	-1.10
Omega ratioGain probability vs. loss probability	1.10	1.25	-0.15
Calmar ratioReturn relative to maximum drawdown	0.65	2.00	-1.36
Martin ratioReturn relative to average drawdown	1.61	8.49	-6.88

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
AAPL Apple Inc	89	1.92	2.57	1.35	3.60	8.56
AMZN Amazon.com, Inc	59	0.46	0.94	1.11	0.74	1.58
BABA Alibaba Group Holding Limited	45	0.05	0.45	1.05	0.05	0.09
BIDU Baidu, Inc.	61	0.52	1.14	1.13	0.74	1.35
GOOGL Alphabet Inc. Class A	94	2.70	3.70	1.46	4.11	11.67
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
NVDA NVIDIA Corporation	56	0.36	0.76	1.09	0.65	1.32
TCEHY Tencent Holdings Limited	30	-0.34	-0.29	0.97	-0.30	-0.53
TSLA Tesla, Inc.	44	0.02	0.36	1.04	0.02	0.06

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 Plus Portfolio Sharpe ratio is 0.52 as of Aug 2, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.19 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 Plus 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 Plus Portfolio provided a 0.31% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.31%	0.31%	0.39%	0.85%	0.50%	0.09%	0.09%	0.15%	0.25%	0.20%	0.29%	0.33%
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%
BABA Alibaba Group Holding Limited	0.86%	1.36%	1.96%	1.29%	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%
GOOGL Alphabet Inc. Class A	0.24%	0.27%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
META Meta Platforms, Inc.	0.38%	0.32%	0.34%	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%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
TCEHY Tencent Holdings Limited	1.10%	0.76%	0.82%	6.67%	4.15%	0.35%	0.19%	0.23%	0.26%	0.29%	0.51%	0.21%
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%

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 48.56%, occurring on Nov 9, 2022. Recovery took 178 trading sessions.

The current FANG Plus Portfolio drawdown is 11.20%.

Drawdown	Fall	Recovery	Underwater	Related event
-48.56%Nov 2022	11mo 22d	8mo 21d	1y 8moNov 2021 - Jul 2023	Bear market2022
-32.05%Mar 2020	27d	2mo 15d	3mo 12dFeb 2020 - Jun 2020	COVID crash2020
-30.41%Dec 2018	6mo 6d	11mo 28d	1y 5moJun 2018 - Dec 2019	Rate-hike selloffLate 2018
-23.44%Apr 2025	1mo 19d	2mo 17d	4mo 6dFeb 2025 - Jun 2025	2025 selloff2025
-23.18%Feb 2016	2mo 9d	3mo 18d	5mo 27dDec 2015 - May 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 concentrated bet on large-cap internet, ad-tech, e-commerce, EV, and AI-adjacent growth equities, with real name-level diversification but a single macro factor underneath: long-duration equity risk.

The numbers

Diversification ratio is 1.69 over 1Y and 1.47 incept; that is 79th and 75th percentile on the platform, so the math says the portfolio gets some diversification benefit, just not from unrelated earnings drivers.
Effective asset count is 10.0 of 10, so concentration is not the issue; correlation is.
Average pairwise correlation is 0.43, with several pairs in the 0.61-0.66 range, which is what happens when different businesses still trade like the same genre.

The good

The weights are evenly spread, and no single name dominates the risk budget.
There are real offsets inside the group: Tesla (TSLA) and Tencent (TCEHY) at 0.28, Netflix (NFLX) and TCEHY at 0.30, so the portfolio is not a pure one-note trade.

The bad

Alibaba (BABA), Baidu (BIDU), and Tencent (TCEHY) form a China internet cluster, while Amazon (AMZN), Alphabet (GOOGL), and Meta (META) form a U.S. mega-cap internet cluster; the portfolio has two correlated blocks, not ten independent bets.
Position-to-portfolio correlations sit around 0.62-0.72, so each holding is still doing most of the same work as the rest.

The ugly

If rates rise, ad spending softens, or the AI trade de-rates, the portfolio’s “diversification” can compress quickly because several of the names are different ways of owning the same multiple regime.

Next steps

Portfolios with this correlation profile are usually complemented by exposures whose return drivers sit outside the growth-and-platform complex.
The 1Y DR being higher than the 10Y DR suggests the recent co-movement has improved for diversification, which is a polite way of saying the portfolio has been less one-dimensional lately.

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

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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. 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	1.69	1.61	1.49	1.46	1.47

The portfolio has a diversification ratio of 1.47, in line with the typical range across portfolios.

FANG Plus Portfolio correlation to the S&P 500 Index

FANG Plus Portfolio has a 0.72 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.	0.72
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (10Y) Provides a long-term view across more market conditions.	0.75
Correlation (All Time) Calculated using the full available price history since Sep 19, 2014	0.74

Benchmark Correlations

Correlation vs. S&P 500 Index. GOOGL has the highest benchmark correlation at 0.68, while BABA has the lowest at 0.43.

0.43

0.44

0.45

0.48

0.48

Portfolio Correlations

Correlation vs. FANG Plus Portfolio. AMZN has the highest portfolio correlation at 0.72, while NFLX has the lowest at 0.62.

0.62

0.64

0.64

0.65

0.68

Asset Correlations Table

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

	TSLA	TCEHY	NFLX	BIDU	BABA	AAPL	NVDA	META	GOOGL	AMZN
TSLA	1.00	0.28	0.35	0.33	0.31	0.40	0.42	0.36	0.38	0.41
TCEHY	0.28	1.00	0.30	0.60	0.65	0.35	0.35	0.34	0.37	0.36
NFLX	0.35	0.30	1.00	0.32	0.33	0.42	0.43	0.48	0.44	0.51
BIDU	0.33	0.60	0.32	1.00	0.66	0.36	0.37	0.37	0.41	0.38
BABA	0.31	0.65	0.33	0.66	1.00	0.36	0.38	0.39	0.40	0.39
AAPL	0.40	0.35	0.42	0.36	0.36	1.00	0.48	0.48	0.55	0.53
NVDA	0.42	0.35	0.43	0.37	0.38	0.48	1.00	0.51	0.51	0.53
META	0.36	0.34	0.48	0.37	0.39	0.48	0.51	1.00	0.63	0.61
GOOGL	0.38	0.37	0.44	0.41	0.40	0.55	0.51	0.63	1.00	0.66
AMZN	0.41	0.36	0.51	0.38	0.39	0.53	0.53	0.61	0.66	1.00

Based on daily historical returns since Sep 19, 2014

Diversification Analysis

Find what FANG Plus Portfolio is missing

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

Analyze Diversification