Core 3
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CASY Casey's General Stores, Inc. | Consumer Defensive | 1.12% |
COST Costco Wholesale Corporation | Consumer Defensive | 9.44% |
DSGX The Descartes Systems Group Inc. | Technology | 5.42% |
DTF DTF Tax-Free Income 2028 Term Fund Inc. | Financial Services | 6.82% |
ESLT Elbit Systems Ltd | Industrials | 7.42% |
ETX Eaton Vance Municipal Income 2028 Term Trust | Financial Services | 8.88% |
FITBI Fifth Third Bancorp | Financial Services | 1.85% |
FNV Franco-Nevada Corporation | Basic Materials | 5.72% |
MSI Motorola Solutions, Inc. | Technology | 1.79% |
PGR The Progressive Corporation | Financial Services | 16.17% |
RSG Republic Services, Inc. | Industrials | 4.61% |
USLM United States Lime & Minerals, Inc. | Basic Materials | 3.46% |
WCN Waste Connections, Inc. | Industrials | 6.97% |
WMT Walmart Inc. | Consumer Defensive | 4.46% |
WSO-B Watsco Inc | Industrials | 15.87% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Core 3, 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 when any position deviates by more than 0.0% from its target allocation.
The earliest data available for this chart is Dec 6, 2013, corresponding to the inception date of FITBI
Returns By Period
As of Apr 18, 2025, the Core 3 returned 9.29% Year-To-Date and 20.41% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -5.91% | -9.57% | 5.19% | 12.98% | 9.68% |
| Core 3 | 9.29% | 1.85% | 12.71% | 33.32% | 23.67% | 20.41% |
| Portfolio components: | ||||||
PGR The Progressive Corporation | 13.03% | -6.26% | 7.76% | 29.62% | 28.98% | 28.80% |
WSO-B Watsco Inc | -4.10% | 0.60% | 4.22% | 22.20% | 30.56% | 18.97% |
COST Costco Wholesale Corporation | 8.66% | 10.74% | 12.61% | 39.82% | 27.81% | 23.33% |
ETX Eaton Vance Municipal Income 2028 Term Trust | 1.96% | -2.73% | -2.49% | 3.83% | 1.10% | 4.39% |
ESLT Elbit Systems Ltd | 57.41% | -0.57% | 91.76% | 107.11% | 28.75% | 18.72% |
WCN Waste Connections, Inc. | 15.22% | 5.22% | 8.56% | 20.66% | 18.42% | 18.78% |
DTF DTF Tax-Free Income 2028 Term Fund Inc. | 0.04% | -0.60% | 0.03% | 7.71% | -0.99% | 1.06% |
FNV Franco-Nevada Corporation | 45.87% | 10.90% | 35.27% | 43.67% | 7.63% | 14.39% |
DSGX The Descartes Systems Group Inc. | -9.93% | 3.20% | -4.37% | 13.02% | 20.85% | 20.31% |
RSG Republic Services, Inc. | 21.57% | 4.20% | 18.94% | 30.17% | 26.69% | 22.09% |
WMT Walmart Inc. | 3.46% | 9.21% | 15.82% | 58.05% | 17.94% | 15.89% |
USLM United States Lime & Minerals, Inc. | -31.52% | -0.65% | -12.83% | 55.63% | 39.80% | 22.24% |
FITBI Fifth Third Bancorp | 2.75% | 1.42% | 4.33% | 10.06% | 6.03% | 5.54% |
MSI Motorola Solutions, Inc. | -8.69% | -0.23% | -11.43% | 24.84% | 23.36% | 23.34% |
CASY Casey's General Stores, Inc. | 16.25% | 18.91% | 19.15% | 49.57% | 25.37% | 19.00% |
Monthly Returns
The table below presents the monthly returns of Core 3, 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 | 3.51% | 4.02% | 0.58% | 0.92% | 9.29% | ||||||||
| 2024 | 2.70% | 3.54% | 4.90% | 0.53% | 2.34% | 1.29% | 4.01% | 5.49% | 1.11% | 0.40% | 8.93% | -4.51% | 34.68% |
| 2023 | 5.44% | 1.25% | 3.14% | 3.01% | -1.81% | 5.26% | 0.30% | -0.48% | -0.16% | 1.40% | 3.97% | 4.50% | 28.72% |
| 2022 | -4.82% | 0.14% | 8.47% | -4.35% | -2.57% | -1.62% | 3.58% | 4.03% | -6.18% | 4.40% | 4.15% | -5.79% | -1.83% |
| 2021 | -0.29% | -2.87% | 6.61% | 6.12% | 0.35% | 1.43% | 2.33% | 1.48% | -3.80% | 6.35% | -0.24% | 5.07% | 24.21% |
| 2020 | 4.22% | -6.84% | -4.42% | 7.68% | 4.75% | 1.46% | 11.93% | 2.59% | -1.82% | -2.06% | 4.65% | 2.73% | 26.05% |
| 2019 | 7.19% | 5.07% | 1.72% | 6.27% | 1.09% | 2.83% | 1.36% | 0.75% | 1.45% | 0.62% | 2.59% | -0.18% | 35.10% |
| 2018 | 1.69% | -2.14% | 1.00% | -0.42% | 2.82% | 0.78% | 1.12% | 3.55% | 1.07% | -4.97% | 1.96% | -6.79% | -0.88% |
| 2017 | 3.17% | 3.75% | -0.78% | 2.22% | 3.35% | 0.57% | 2.38% | 1.33% | 3.17% | 2.00% | 2.46% | 1.54% | 28.15% |
| 2016 | -0.91% | 5.27% | 6.54% | 0.01% | 0.50% | 4.08% | 2.45% | 0.08% | -1.67% | -2.31% | 2.77% | 2.77% | 20.93% |
| 2015 | 1.52% | 1.74% | 2.45% | -0.90% | -0.15% | -0.65% | 2.97% | -1.56% | 0.15% | 4.40% | 1.51% | 0.30% | 12.24% |
| 2014 | -1.37% | 3.47% | -0.21% | 1.28% | 2.74% | 2.24% | -3.92% | 2.78% | -1.25% | 5.39% | 3.15% | 1.58% | 16.66% |
Expense Ratio
Core 3 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 99, Core 3 is among the top 1% 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 | |
|---|---|---|---|---|---|
PGR The Progressive Corporation | 1.24 | 1.72 | 1.24 | 2.44 | 6.38 |
WSO-B Watsco Inc | 0.84 | 1.40 | 1.55 | 1.74 | 4.74 |
COST Costco Wholesale Corporation | 1.83 | 2.43 | 1.33 | 2.29 | 7.12 |
ETX Eaton Vance Municipal Income 2028 Term Trust | 0.64 | 0.95 | 1.12 | 0.30 | 2.05 |
ESLT Elbit Systems Ltd | 3.76 | 5.17 | 1.67 | 3.97 | 21.43 |
WCN Waste Connections, Inc. | 1.23 | 1.74 | 1.24 | 1.71 | 5.19 |
DTF DTF Tax-Free Income 2028 Term Fund Inc. | 1.31 | 1.92 | 1.25 | 0.36 | 8.57 |
FNV Franco-Nevada Corporation | 1.66 | 2.12 | 1.29 | 1.55 | 7.08 |
DSGX The Descartes Systems Group Inc. | 0.46 | 0.79 | 1.11 | 0.54 | 1.64 |
RSG Republic Services, Inc. | 1.77 | 2.30 | 1.34 | 3.65 | 9.98 |
WMT Walmart Inc. | 2.32 | 3.15 | 1.44 | 2.62 | 9.19 |
USLM United States Lime & Minerals, Inc. | 1.29 | 1.96 | 1.24 | 1.23 | 2.77 |
FITBI Fifth Third Bancorp | 1.70 | 2.71 | 1.32 | 3.20 | 9.44 |
MSI Motorola Solutions, Inc. | 1.16 | 1.66 | 1.25 | 1.17 | 3.40 |
CASY Casey's General Stores, Inc. | 1.51 | 2.51 | 1.31 | 3.32 | 10.55 |
Dividends
Dividend yield
Core 3 provided a 1.76% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.76% | 1.60% | 1.77% | 1.82% | 2.55% | 2.26% | 2.52% | 2.49% | 2.39% | 2.42% | 2.81% | 2.92% |
| Portfolio components: | ||||||||||||
PGR The Progressive Corporation | 1.85% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% | 5.53% |
WSO-B Watsco Inc | 2.19% | 1.97% | 2.32% | 3.39% | 2.49% | 2.97% | 3.53% | 4.14% | 2.72% | 2.42% | 2.36% | 1.87% |
COST Costco Wholesale Corporation | 0.47% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% | 0.97% |
ETX Eaton Vance Municipal Income 2028 Term Trust | 4.82% | 5.32% | 4.15% | 4.63% | 3.96% | 3.61% | 3.89% | 4.83% | 4.45% | 4.34% | 4.61% | 4.87% |
ESLT Elbit Systems Ltd | 0.49% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% | 2.07% |
WCN Waste Connections, Inc. | 0.61% | 0.68% | 0.70% | 0.71% | 0.62% | 0.74% | 0.73% | 0.78% | 0.70% | 1.64% | 3.25% | 2.61% |
DTF DTF Tax-Free Income 2028 Term Fund Inc. | 3.52% | 3.48% | 3.63% | 3.57% | 4.35% | 3.22% | 2.98% | 5.48% | 4.96% | 6.18% | 5.79% | 5.43% |
FNV Franco-Nevada Corporation | 0.85% | 1.22% | 1.23% | 0.94% | 0.84% | 0.82% | 0.72% | 1.35% | 1.14% | 1.46% | 1.81% | 1.59% |
DSGX The Descartes Systems Group 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% |
RSG Republic Services, Inc. | 0.94% | 0.82% | 1.25% | 1.48% | 1.27% | 1.72% | 1.74% | 2.00% | 1.97% | 2.17% | 2.64% | 2.68% |
WMT Walmart Inc. | 0.92% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% | 2.24% |
USLM United States Lime & Minerals, Inc. | 0.23% | 0.15% | 0.35% | 0.57% | 0.50% | 0.56% | 6.52% | 0.76% | 0.70% | 0.66% | 0.91% | 0.69% |
FITBI Fifth Third Bancorp | 8.82% | 9.15% | 6.50% | 6.75% | 5.95% | 5.69% | 5.77% | 6.40% | 5.81% | 6.08% | 5.73% | 6.43% |
MSI Motorola Solutions, Inc. | 0.98% | 0.87% | 1.16% | 1.26% | 1.07% | 1.55% | 1.46% | 1.85% | 2.14% | 2.05% | 2.09% | 1.94% |
CASY Casey's General Stores, Inc. | 0.42% | 0.47% | 0.59% | 0.65% | 0.69% | 0.72% | 0.77% | 0.86% | 1.13% | 0.77% | 0.70% | 0.84% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Core 3. 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 Core 3 was 21.17%, occurring on Mar 23, 2020. Recovery took 52 trading sessions.
The current Core 3 drawdown is 0.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.17% | Feb 19, 2020 | 24 | Mar 23, 2020 | 52 | Jun 5, 2020 | 76 |
| -13.92% | Sep 24, 2018 | 64 | Dec 24, 2018 | 38 | Feb 20, 2019 | 102 |
| -13.69% | Apr 8, 2022 | 49 | Jun 17, 2022 | 40 | Aug 16, 2022 | 89 |
| -10.41% | Aug 19, 2022 | 44 | Oct 20, 2022 | 71 | Feb 2, 2023 | 115 |
| -8.04% | Dec 30, 2021 | 38 | Feb 23, 2022 | 16 | Mar 17, 2022 | 54 |
Volatility
Volatility Chart
The current Core 3 volatility is 6.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| WSO-B | DTF | ETX | FNV | FITBI | ESLT | USLM | DSGX | CASY | PGR | WMT | MSI | WCN | COST | RSG | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WSO-B | 1.00 | 0.02 | 0.04 | 0.04 | 0.05 | 0.05 | 0.08 | 0.09 | 0.08 | 0.08 | 0.05 | 0.11 | 0.06 | 0.07 | 0.10 |
| DTF | 0.02 | 1.00 | 0.26 | 0.14 | 0.11 | 0.03 | 0.04 | 0.07 | 0.05 | 0.02 | 0.04 | 0.07 | 0.08 | 0.06 | 0.05 |
| ETX | 0.04 | 0.26 | 1.00 | 0.12 | 0.09 | 0.05 | 0.05 | 0.07 | 0.08 | 0.02 | 0.04 | 0.06 | 0.09 | 0.08 | 0.06 |
| FNV | 0.04 | 0.14 | 0.12 | 1.00 | 0.06 | 0.07 | 0.09 | 0.12 | 0.04 | 0.06 | 0.09 | 0.11 | 0.16 | 0.08 | 0.09 |
| FITBI | 0.05 | 0.11 | 0.09 | 0.06 | 1.00 | 0.11 | 0.08 | 0.13 | 0.11 | 0.13 | 0.11 | 0.14 | 0.14 | 0.13 | 0.13 |
| ESLT | 0.05 | 0.03 | 0.05 | 0.07 | 0.11 | 1.00 | 0.17 | 0.21 | 0.18 | 0.19 | 0.14 | 0.24 | 0.20 | 0.20 | 0.21 |
| USLM | 0.08 | 0.04 | 0.05 | 0.09 | 0.08 | 0.17 | 1.00 | 0.22 | 0.23 | 0.18 | 0.11 | 0.24 | 0.22 | 0.19 | 0.20 |
| DSGX | 0.09 | 0.07 | 0.07 | 0.12 | 0.13 | 0.21 | 0.22 | 1.00 | 0.21 | 0.18 | 0.16 | 0.33 | 0.33 | 0.30 | 0.24 |
| CASY | 0.08 | 0.05 | 0.08 | 0.04 | 0.11 | 0.18 | 0.23 | 0.21 | 1.00 | 0.26 | 0.35 | 0.32 | 0.26 | 0.38 | 0.32 |
| PGR | 0.08 | 0.02 | 0.02 | 0.06 | 0.13 | 0.19 | 0.18 | 0.18 | 0.26 | 1.00 | 0.31 | 0.37 | 0.35 | 0.33 | 0.43 |
| WMT | 0.05 | 0.04 | 0.04 | 0.09 | 0.11 | 0.14 | 0.11 | 0.16 | 0.35 | 0.31 | 1.00 | 0.30 | 0.28 | 0.57 | 0.35 |
| MSI | 0.11 | 0.07 | 0.06 | 0.11 | 0.14 | 0.24 | 0.24 | 0.33 | 0.32 | 0.37 | 0.30 | 1.00 | 0.39 | 0.39 | 0.45 |
| WCN | 0.06 | 0.08 | 0.09 | 0.16 | 0.14 | 0.20 | 0.22 | 0.33 | 0.26 | 0.35 | 0.28 | 0.39 | 1.00 | 0.36 | 0.63 |
| COST | 0.07 | 0.06 | 0.08 | 0.08 | 0.13 | 0.20 | 0.19 | 0.30 | 0.38 | 0.33 | 0.57 | 0.39 | 0.36 | 1.00 | 0.39 |
| RSG | 0.10 | 0.05 | 0.06 | 0.09 | 0.13 | 0.21 | 0.20 | 0.24 | 0.32 | 0.43 | 0.35 | 0.45 | 0.63 | 0.39 | 1.00 |