L2a pa
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
AAPL Apple Inc | Technology | 5.70% |
AVGO Broadcom Inc. | Technology | 7.80% |
COST Costco Wholesale Corporation | Consumer Defensive | 3.80% |
DPZ Domino's Pizza, Inc. | Consumer Cyclical | 5.20% |
GLDM SPDR Gold MiniShares Trust | Precious Metals, Gold | 9.70% |
LLY Eli Lilly and Company | Healthcare | 15.10% |
MSFT Microsoft Corporation | Technology | 7.40% |
NVDA NVIDIA Corporation | Technology | 5.30% |
ORLY O'Reilly Automotive, Inc. | Consumer Cyclical | 12.20% |
PGR The Progressive Corporation | Financial Services | 12.70% |
RGR Sturm, Ruger & Company, Inc. | Industrials | 1.50% |
TJX The TJX Companies, Inc. | Consumer Cyclical | 4% |
UNH UnitedHealth Group Incorporated | Healthcare | 4.50% |
XEL Xcel Energy Inc. | Utilities | 5.10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in L2a pa, 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.
The earliest data available for this chart is Jun 26, 2018, corresponding to the inception date of GLDM
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -15.28% | -13.65% | -13.36% | -4.22% | 12.35% | 9.04% |
| L2a pa | -11.44% | -12.02% | -12.01% | 7.97% | 31.50% | N/A |
| Portfolio components: | ||||||
AAPL Apple Inc | -31.07% | -27.88% | -23.46% | 2.84% | 21.63% | 19.82% |
AVGO Broadcom Inc. | -32.50% | -19.73% | -13.17% | 18.21% | 47.68% | 31.97% |
COST Costco Wholesale Corporation | -0.71% | -5.76% | 2.31% | 28.37% | 27.03% | 21.96% |
DPZ Domino's Pizza, Inc. | 3.03% | -8.38% | 5.53% | -12.99% | 5.86% | 16.96% |
GLDM SPDR Gold MiniShares Trust | 13.69% | 2.53% | 13.72% | 27.47% | 12.02% | N/A |
LLY Eli Lilly and Company | -5.77% | -16.48% | -20.25% | -5.96% | 39.76% | 28.09% |
MSFT Microsoft Corporation | -15.71% | -9.85% | -14.16% | -15.86% | 17.61% | 25.77% |
NVDA NVIDIA Corporation | -28.28% | -14.54% | -27.52% | 10.55% | 71.56% | 67.88% |
ORLY O'Reilly Automotive, Inc. | 10.91% | -0.29% | 12.65% | 18.78% | 31.02% | 19.63% |
PGR The Progressive Corporation | 10.87% | -6.91% | 6.68% | 26.38% | 29.20% | 28.66% |
RGR Sturm, Ruger & Company, Inc. | 6.86% | -4.60% | -7.68% | -19.73% | -0.58% | 1.68% |
TJX The TJX Companies, Inc. | -0.35% | 0.64% | 6.45% | 26.41% | 21.37% | 14.99% |
UNH UnitedHealth Group Incorporated | 9.80% | 12.56% | -4.13% | 23.23% | 17.72% | 18.45% |
XEL Xcel Energy Inc. | 0.95% | -0.59% | 8.31% | 28.42% | 3.39% | 10.24% |
Monthly Returns
The table below presents the monthly returns of L2a pa, 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 | 0.10% | 5.17% | -7.20% | -9.36% | -11.44% | ||||||||
| 2024 | 8.54% | 11.16% | 4.97% | -2.18% | 7.26% | 9.26% | -3.53% | 8.32% | -0.68% | -1.30% | 2.39% | 0.74% | 53.42% |
| 2023 | 1.75% | -0.87% | 7.77% | 4.78% | 6.86% | 6.78% | 0.60% | 6.39% | -4.05% | 2.69% | 7.64% | 2.08% | 50.61% |
| 2022 | -7.56% | -0.69% | 7.40% | -8.00% | 2.92% | -3.34% | 6.52% | -4.47% | -4.15% | 9.82% | 5.87% | -3.59% | -1.34% |
| 2021 | 1.74% | -0.96% | 2.10% | 4.97% | 2.20% | 6.45% | 3.63% | 3.94% | -5.83% | 8.97% | 3.89% | 7.19% | 44.61% |
| 2020 | 3.14% | -5.80% | -2.99% | 11.84% | 4.32% | 4.68% | 5.47% | 5.63% | -1.55% | -5.14% | 4.99% | 7.15% | 34.74% |
| 2019 | 5.42% | 4.47% | 3.75% | 0.62% | -3.77% | 3.81% | 0.93% | 0.33% | 0.89% | 3.50% | 3.77% | 3.75% | 30.74% |
| 2018 | -1.00% | 4.19% | 8.31% | 2.31% | -4.29% | 1.12% | -4.63% | 5.51% |
Expense Ratio
L2a pa has an expense ratio of 0.02%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, L2a pa is among the top 7% 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 | |
|---|---|---|---|---|---|
AAPL Apple Inc | 0.08 | 0.29 | 1.04 | 0.06 | 0.29 |
AVGO Broadcom Inc. | 0.30 | 0.87 | 1.11 | 0.44 | 1.37 |
COST Costco Wholesale Corporation | 1.35 | 1.81 | 1.24 | 1.62 | 5.24 |
DPZ Domino's Pizza, Inc. | -0.37 | -0.32 | 0.96 | -0.44 | -0.74 |
GLDM SPDR Gold MiniShares Trust | 1.81 | 2.39 | 1.31 | 3.50 | 9.45 |
LLY Eli Lilly and Company | -0.21 | -0.08 | 0.99 | -0.28 | -0.59 |
MSFT Microsoft Corporation | -0.73 | -0.87 | 0.89 | -0.68 | -1.64 |
NVDA NVIDIA Corporation | 0.17 | 0.62 | 1.08 | 0.26 | 0.74 |
ORLY O'Reilly Automotive, Inc. | 0.88 | 1.37 | 1.16 | 0.98 | 3.68 |
PGR The Progressive Corporation | 1.08 | 1.54 | 1.21 | 2.11 | 5.63 |
RGR Sturm, Ruger & Company, Inc. | -0.72 | -0.98 | 0.88 | -0.34 | -1.16 |
TJX The TJX Companies, Inc. | 1.43 | 2.15 | 1.27 | 2.32 | 7.43 |
UNH UnitedHealth Group Incorporated | 0.79 | 1.20 | 1.17 | 0.90 | 2.16 |
XEL Xcel Energy Inc. | 1.55 | 2.13 | 1.29 | 1.06 | 7.03 |
Dividends
Dividend yield
L2a pa provided a 0.97% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.97% | 0.68% | 0.87% | 1.13% | 1.61% | 1.48% | 1.58% | 1.43% | 1.45% | 1.59% | 1.60% | 2.03% |
| Portfolio components: | ||||||||||||
AAPL Apple Inc | 0.58% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
AVGO Broadcom Inc. | 1.43% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% | 1.22% |
COST Costco Wholesale Corporation | 0.51% | 0.49% | 2.87% | 0.76% | 0.54% | 3.38% | 0.86% | 1.08% | 4.81% | 1.09% | 4.06% | 0.97% |
DPZ Domino's Pizza, Inc. | 1.46% | 1.44% | 1.17% | 1.27% | 0.67% | 0.81% | 0.89% | 0.89% | 0.97% | 0.95% | 1.11% | 1.06% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LLY Eli Lilly and Company | 0.74% | 0.67% | 0.78% | 1.07% | 1.23% | 1.75% | 1.96% | 1.95% | 2.46% | 2.77% | 2.37% | 2.84% |
MSFT Microsoft Corporation | 0.89% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% | 2.48% |
NVDA NVIDIA Corporation | 0.03% | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% |
ORLY O'Reilly Automotive, 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% |
PGR The Progressive Corporation | 1.88% | 0.48% | 0.25% | 0.31% | 6.23% | 2.68% | 3.89% | 1.86% | 1.21% | 2.50% | 2.16% | 5.53% |
RGR Sturm, Ruger & Company, Inc. | 1.86% | 1.95% | 2.79% | 14.66% | 4.94% | 10.00% | 1.74% | 2.07% | 2.44% | 3.28% | 1.85% | 4.68% |
TJX The TJX Companies, Inc. | 1.25% | 1.21% | 1.38% | 1.44% | 1.37% | 0.34% | 1.45% | 1.66% | 1.57% | 1.32% | 1.14% | 0.98% |
UNH UnitedHealth Group Incorporated | 1.52% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% | 1.39% |
XEL Xcel Energy Inc. | 3.30% | 2.43% | 3.36% | 2.78% | 2.71% | 2.58% | 2.55% | 3.09% | 2.99% | 3.34% | 3.56% | 3.34% |
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 L2a pa. 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 L2a pa was 23.37%, occurring on Mar 23, 2020. Recovery took 39 trading sessions.
The current L2a pa drawdown is 10.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.37% | Feb 21, 2020 | 22 | Mar 23, 2020 | 39 | May 18, 2020 | 61 |
| -17.2% | Feb 21, 2025 | 33 | Apr 8, 2025 | — | — | — |
| -15.56% | Dec 30, 2021 | 117 | Jun 16, 2022 | 112 | Nov 25, 2022 | 229 |
| -13.71% | Jul 11, 2024 | 20 | Aug 7, 2024 | 9 | Aug 20, 2024 | 29 |
| -13.58% | Oct 10, 2018 | 52 | Dec 24, 2018 | 35 | Feb 14, 2019 | 87 |
Volatility
Volatility Chart
The current L2a pa volatility is 8.59%, 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
| GLDM | RGR | XEL | DPZ | LLY | PGR | UNH | ORLY | TJX | NVDA | AVGO | AAPL | COST | MSFT | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GLDM | 1.00 | 0.04 | 0.13 | 0.05 | 0.02 | -0.01 | 0.01 | -0.01 | -0.01 | 0.04 | 0.06 | 0.03 | 0.08 | 0.05 |
| RGR | 0.04 | 1.00 | 0.14 | 0.17 | 0.10 | 0.21 | 0.15 | 0.21 | 0.28 | 0.20 | 0.21 | 0.24 | 0.24 | 0.20 |
| XEL | 0.13 | 0.14 | 1.00 | 0.12 | 0.20 | 0.33 | 0.30 | 0.25 | 0.21 | 0.03 | 0.08 | 0.19 | 0.27 | 0.18 |
| DPZ | 0.05 | 0.17 | 0.12 | 1.00 | 0.18 | 0.12 | 0.17 | 0.25 | 0.28 | 0.32 | 0.27 | 0.29 | 0.32 | 0.31 |
| LLY | 0.02 | 0.10 | 0.20 | 0.18 | 1.00 | 0.27 | 0.31 | 0.24 | 0.22 | 0.22 | 0.25 | 0.26 | 0.30 | 0.31 |
| PGR | -0.01 | 0.21 | 0.33 | 0.12 | 0.27 | 1.00 | 0.32 | 0.31 | 0.30 | 0.15 | 0.20 | 0.23 | 0.30 | 0.24 |
| UNH | 0.01 | 0.15 | 0.30 | 0.17 | 0.31 | 0.32 | 1.00 | 0.33 | 0.32 | 0.18 | 0.20 | 0.28 | 0.30 | 0.29 |
| ORLY | -0.01 | 0.21 | 0.25 | 0.25 | 0.24 | 0.31 | 0.33 | 1.00 | 0.41 | 0.22 | 0.26 | 0.30 | 0.40 | 0.32 |
| TJX | -0.01 | 0.28 | 0.21 | 0.28 | 0.22 | 0.30 | 0.32 | 0.41 | 1.00 | 0.32 | 0.37 | 0.36 | 0.42 | 0.37 |
| NVDA | 0.04 | 0.20 | 0.03 | 0.32 | 0.22 | 0.15 | 0.18 | 0.22 | 0.32 | 1.00 | 0.66 | 0.56 | 0.43 | 0.64 |
| AVGO | 0.06 | 0.21 | 0.08 | 0.27 | 0.25 | 0.20 | 0.20 | 0.26 | 0.37 | 0.66 | 1.00 | 0.54 | 0.43 | 0.59 |
| AAPL | 0.03 | 0.24 | 0.19 | 0.29 | 0.26 | 0.23 | 0.28 | 0.30 | 0.36 | 0.56 | 0.54 | 1.00 | 0.47 | 0.68 |
| COST | 0.08 | 0.24 | 0.27 | 0.32 | 0.30 | 0.30 | 0.30 | 0.40 | 0.42 | 0.43 | 0.43 | 0.47 | 1.00 | 0.51 |
| MSFT | 0.05 | 0.20 | 0.18 | 0.31 | 0.31 | 0.24 | 0.29 | 0.32 | 0.37 | 0.64 | 0.59 | 0.68 | 0.51 | 1.00 |
Recent discussions
Dividend Paying Stock Portfolio
4803heights
Transactional Portfolio Use
I am trying to understand how to make the best use of transactional portfolios. At first I thought it is useful when tracking the performance of a self-managed fund. You add cash to it, transact in equities, adding each transaction to the portfolio. It then shows you its performance wrt. to a benchmark. The broker does this for you anyway, but the whole reason I started evaluating Portfolioslab is so that I can separate my single broker account into thematic baskets ("thematic funds") and track their performance individually.
The transactional portfolio in Portfolioslab does not seem to work that way. It does not consider the changes in cash position, ie. any profit/loss made on equity transactions. It does not seem to be suited for track the assets of a fund, so to speak. What good is transactional portfolio then?
EG
calculation of performance
Portfolio performance graph for past 1Y (thru 3/13/2025):
GLD=37.82%
IAU=37.97%
IAUM=38.34%
using daily adjusted closing market price (from NASDAQ) integrating the logarithmic daily rate of return between 3/13/2025 to 3/14/2025 to calculate the cumulative rate of return, I calculate
GLD=31.34%
IAU=31.45%
IAUM=31.66%
These ETF's do not pay a dividend, Expense cost is included in the closing price.
The difference in rate of return is about 6%, which is too large. I can send you my calculation (xls) if this would be useful.
What is causing the error?
Marcus Crahan