Asset Allocation
Find the right asset allocation for #qwe
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 #qwe, 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
As of Jun 9, 2026, the #qwe returned 6.42% Year-To-Date and 10.99% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio #qwe | -0.05% | -1.15% | 6.42% | 7.96% | 20.93% | 16.28% | 7.52% | 10.99% |
| Portfolio components: | ||||||||
AGG iShares Core U.S. Aggregate Bond ETF | 0.00% | -0.69% | -0.08% | 0.26% | 4.97% | 3.88% | -0.03% | 1.52% |
BCE.TO BCE Inc. | -1.07% | -0.02% | 2.58% | 6.20% | 17.08% | -12.94% | -7.66% | -0.62% |
T.TO TELUS Corporation | -1.32% | -4.62% | -5.59% | -4.76% | -19.10% | -7.71% | -6.36% | 11.79% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 0.09% | 3.22% | 19.43% | 21.26% | 44.62% | 24.93% | 14.29% | 13.22% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | -0.67% | -2.03% | -0.91% | 0.49% | 0.82% | 2.76% | -2.26% | 0.63% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 0.24% | -1.35% | 7.03% | 9.68% | 18.93% | 15.92% | 7.57% | 9.10% |
XEM.TO iShares MSCI Emerging Markets Index ETF | 1.59% | -3.18% | 19.92% | 21.66% | 42.54% | 20.35% | 5.53% | 8.89% |
XIU.TO iShares S&P/TSX 60 Index ETF | 0.04% | 0.31% | 7.79% | 10.88% | 28.64% | 20.84% | 11.17% | 11.74% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | -0.02% | -1.85% | 5.53% | 6.54% | 19.65% | 17.64% | 8.06% | 12.23% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 0.07% | 3.02% | 16.19% | 19.95% | 49.17% | 24.94% | 11.20% | 11.41% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 15, 2013, #qwe's average daily return is +0.04%, while the average monthly return is +0.81%. At this rate, an investment would double in approximately 7.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +12.4%, while the worst month was Mar 2020 at -15.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, #qwe closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.3%, while the worst single day was Mar 12, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.69% | -0.04% | -5.81% | 9.25% | 3.38% | -2.54% | 6.42% | ||||||
| 2025 | 1.89% | -0.41% | -3.15% | 2.57% | 5.25% | 4.63% | 0.90% | 3.04% | 2.25% | 1.17% | 0.44% | 2.65% | 23.09% |
| 2024 | -0.27% | 2.22% | 2.64% | -3.82% | 3.80% | 1.42% | 1.56% | 4.47% | 2.17% | -3.47% | 4.06% | -4.94% | 9.65% |
| 2023 | 7.49% | -3.74% | 2.22% | 1.67% | -1.58% | 7.26% | 2.19% | -3.52% | -3.92% | -4.53% | 9.72% | 6.76% | 20.26% |
| 2022 | -3.18% | -1.58% | 4.51% | -9.27% | 1.59% | -9.33% | 7.37% | -5.30% | -11.16% | 6.66% | 5.34% | -4.90% | -19.65% |
| 2021 | -1.16% | 4.29% | 3.71% | 6.51% | 3.01% | -0.15% | 1.23% | 1.13% | -4.53% | 8.65% | -3.55% | 1.88% | 22.18% |
Benchmark Metrics
#qwe has an annualized alpha of -1.30%, beta of 0.76, and R2 of 0.74 versus S&P 500 Index. Calculated based on daily prices since April 15, 2013.
- This portfolio participated in 110.10% of S&P 500 Index downside but only 89.73% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.30%
- Beta
- 0.76
- R²
- 0.74
- Upside Capture
- 89.73%
- Downside Capture
- 110.10%
Expense Ratio
#qwe has an expense ratio of 0.14%, 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
#qwe ranks 39 for risk / return — below 39% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for #qwe and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 1.93 | 1.94 | 0.00 |
| Sortino ratioReturn per unit of downside risk | 2.67 | 2.63 | +0.04 |
| Omega ratioGain probability vs. loss probability | 1.35 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.44 | 2.59 | -0.15 |
| Martin ratioReturn relative to average drawdown | 11.20 | 11.84 | -0.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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 |
|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 40 | 1.32 | 1.94 | 1.23 | 1.81 | 5.44 |
BCE.TO BCE Inc. | 67 | 0.95 | 1.44 | 1.17 | 1.43 | 2.89 |
T.TO TELUS Corporation | 8 | -1.09 | -1.36 | 0.82 | -0.78 | -1.41 |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 98 | 4.83 | 6.68 | 1.91 | 12.48 | 43.23 |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 11 | 0.13 | 0.24 | 1.03 | 0.21 | 0.51 |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 40 | 1.28 | 1.88 | 1.24 | 1.64 | 6.39 |
XEM.TO iShares MSCI Emerging Markets Index ETF | 69 | 2.04 | 2.66 | 1.38 | 3.16 | 12.05 |
XIU.TO iShares S&P/TSX 60 Index ETF | 78 | 2.25 | 3.03 | 1.40 | 3.55 | 15.31 |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 46 | 1.50 | 2.08 | 1.27 | 1.70 | 7.39 |
ZWB.TO BMO Covered Call Canadian Banks ETF | 95 | 4.09 | 5.59 | 1.75 | 5.53 | 25.00 |
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Dividends
Dividend yield
#qwe provided a 2.06% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.06% | 2.21% | 2.36% | 2.33% | 2.31% | 1.80% | 2.15% | 2.50% | 2.64% | 2.16% | 2.38% | 2.60% |
| Portfolio components: | ||||||||||||
AGG iShares Core U.S. Aggregate Bond ETF | 4.00% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
BCE.TO BCE Inc. | 5.18% | 7.06% | 11.97% | 7.42% | 6.19% | 5.32% | 6.12% | 5.27% | 5.60% | 4.75% | 4.70% | 4.86% |
T.TO TELUS Corporation | 9.82% | 9.14% | 7.99% | 6.17% | 5.19% | 4.27% | 4.70% | 8.96% | 9.28% | 8.27% | 8.61% | 8.78% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.88% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
XBB.TO iShares Core Canadian Universe Bond Index ETF | 3.43% | 3.39% | 3.25% | 3.01% | 2.91% | 2.54% | 2.55% | 2.80% | 2.92% | 2.83% | 2.81% | 2.87% |
XEF.TO iShares Core MSCI EAFE IMI Index ETF | 2.23% | 2.43% | 2.76% | 2.75% | 2.93% | 2.42% | 1.93% | 2.71% | 2.75% | 2.11% | 2.45% | 2.42% |
XEM.TO iShares MSCI Emerging Markets Index ETF | 1.56% | 1.90% | 2.08% | 2.39% | 2.10% | 1.91% | 1.28% | 2.56% | 1.95% | 1.78% | 1.97% | 2.24% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.21% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.14% | 1.23% | 1.09% | 1.18% | 1.37% | 1.01% | 1.31% | 1.73% | 1.86% | 1.45% | 1.76% | 1.88% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 4.93% | 5.38% | 6.66% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% |
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 #qwe. 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 #qwe was 36.17%, occurring on Mar 23, 2020. Recovery took 104 trading sessions.
The current #qwe drawdown is 2.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -36.17%Mar 2020 | 1mo 2d | 4mo 27d | 5mo 29dFeb 2020 - Aug 2020 |
2016 bear market2016 | -29.56%Jan 2016 | 1y 6mo | 1y 4mo | 2y 11moJul 2014 - Jun 2017 |
Bear market2022 | -28.15%Oct 2022 | 11mo 11d | 1y 8mo | 2y 8moNov 2021 - Jul 2024 |
Rate-hike selloffLate 2018 | -21.05%Dec 2018 | 11mo 1d | 6mo 9d | 1y 5moJan 2018 - Jul 2019 |
2025 selloff2025 | -15.50%Apr 2025 | 4mo | 1mo 18d | 5mo 18dDec 2024 - May 2025 |
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 2.55, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.
Diversification Ratio
1Y | 3Y | 5Y | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.15 | 1.14 | 1.12 | 1.12 | 1.12 |
The portfolio has a diversification ratio of 1.12, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.
#qwe correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2013 | 0.79 |
Benchmark Correlations
Correlation vs. S&P 500 Index. XSP.TO has the highest benchmark correlation at 0.84, while XBB.TO has the lowest at -0.02.
Asset Correlations Table
| AGG | XBB.TO | BCE.TO | T.TO | XEM.TO | ZWB.TO | XEF.TO | VDY.TO | XSP.TO | XIU.TO | |
|---|---|---|---|---|---|---|---|---|---|---|
| AGG | 1.00 | 0.43 | 0.06 | 0.04 | 0.01 | -0.07 | 0.02 | -0.06 | 0.01 | -0.00 |
| XBB.TO | 0.43 | 1.00 | 0.42 | 0.38 | 0.29 | 0.38 | 0.38 | 0.37 | 0.33 | 0.39 |
| BCE.TO | 0.06 | 0.42 | 1.00 | 0.72 | 0.34 | 0.48 | 0.46 | 0.53 | 0.39 | 0.51 |
| T.TO | 0.04 | 0.38 | 0.72 | 1.00 | 0.35 | 0.48 | 0.45 | 0.52 | 0.41 | 0.53 |
| XEM.TO | 0.01 | 0.29 | 0.34 | 0.35 | 1.00 | 0.52 | 0.73 | 0.54 | 0.66 | 0.63 |
| ZWB.TO | -0.07 | 0.38 | 0.48 | 0.48 | 0.52 | 1.00 | 0.66 | 0.90 | 0.69 | 0.83 |
| XEF.TO | 0.02 | 0.38 | 0.46 | 0.45 | 0.73 | 0.66 | 1.00 | 0.68 | 0.76 | 0.74 |
| VDY.TO | -0.06 | 0.37 | 0.53 | 0.52 | 0.54 | 0.90 | 0.68 | 1.00 | 0.71 | 0.90 |
| XSP.TO | 0.01 | 0.33 | 0.39 | 0.41 | 0.66 | 0.69 | 0.76 | 0.71 | 1.00 | 0.79 |
| XIU.TO | -0.00 | 0.39 | 0.51 | 0.53 | 0.63 | 0.83 | 0.74 | 0.90 | 0.79 | 1.00 |
Find what #qwe is missing
See which holdings overlap, where #qwe is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification