World Infrastructure Growth

Asset Allocation

Position	Category/Sector	Target Weight
ASML ASML Holding N.V.	Technology	10%
BLK BlackRock, Inc.	Financial Services	3.85%
CAT Caterpillar Inc.	Industrials	40%
CBOE Cboe Global Markets, Inc.	Financial Services	3.85%
ENEL.MI Enel SpA	Utilities	3.85%
ENX.PA Euronext N.V.	Financial Services	3.85%
FER.MC Ferrovial	Industrials	3.85%
GDX VanEck Gold Miners ETF	Gold, Precious Metals	3.85%
IBDRY Iberdrola SA	Utilities	3.85%
ICE Intercontinental Exchange, Inc.	Financial Services	3.85%
MCO Moody's Corporation	Financial Services	3.85%
MSCI MSCI Inc.	Financial Services	3.85%
NDAQ Nasdaq, Inc.	Financial Services	3.85%
NEE NextEra Energy, Inc.	Utilities	3.85%
SPGI S&P Global Inc.	Financial Services	3.85%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of €10,000 in World Infrastructure Growth, 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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The earliest data available for this chart is Jun 20, 2014, corresponding to the inception date of ENX.PA

Returns By Period

As of Apr 5, 2026, the World Infrastructure Growth returned 15.24% Year-To-Date and 24.63% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.52%	-3.08%	-2.14%	-0.28%	23.19%	14.66%	10.81%	12.14%
Portfolio World Infrastructure Growth	-0.16%	-0.05%	15.24%	26.19%	73.40%	32.11%	21.64%	24.63%
Portfolio components:
ENX.PA Euronext N.V.	2.07%	1.70%	11.95%	15.29%	9.91%	30.90%	15.42%	18.81%
CAT Caterpillar Inc.	-1.40%	2.16%	27.70%	47.33%	139.66%	45.71%	28.09%	28.02%
BLK BlackRock, Inc.	1.37%	-5.56%	-7.59%	-14.39%	13.87%	13.70%	7.70%	13.70%
NDAQ Nasdaq, Inc.	2.17%	-0.96%	-8.93%	1.25%	22.02%	16.20%	13.47%	16.47%
ICE Intercontinental Exchange, Inc.	3.52%	0.27%	2.73%	2.60%	-0.10%	14.88%	9.20%	14.46%
CBOE Cboe Global Markets, Inc.	3.87%	-1.98%	17.84%	23.80%	29.43%	28.27%	25.72%	17.32%
MSCI MSCI Inc.	1.88%	-3.24%	-2.99%	-0.34%	3.32%	-1.45%	6.47%	23.24%
MCO Moody's Corporation	0.87%	-5.69%	-12.00%	-7.16%	4.83%	11.92%	8.95%	17.44%
SPGI S&P Global Inc.	1.82%	-3.88%	-15.85%	-8.18%	-8.60%	6.41%	4.81%	16.88%
FER.MC Ferrovial	-0.66%	-1.31%	3.51%	14.27%	47.72%	31.05%	22.85%	14.53%

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

Monthly Returns

Based on dividend-adjusted daily data since Jun 23, 2014, World Infrastructure Growth's average daily return is +0.09%, while the average monthly return is +1.80%. At this rate, your investment would double in approximately 3.2 years.

Historically, 66% of months were positive and 34% were negative. The best month was Oct 2022 with a return of +16.8%, while the worst month was Jun 2022 at -9.9%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 4 months.

On a daily basis, World Infrastructure Growth closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +10.6%, while the worst single day was Mar 9, 2020 at -10.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	10.50%	7.24%	-4.37%	1.69%									15.24%
2025	4.10%	-2.52%	-4.77%	-5.56%	8.04%	3.45%	7.53%	-2.27%	8.31%	11.09%	1.75%	-0.81%	30.16%
2024	3.86%	5.04%	6.87%	-5.32%	2.97%	0.74%	4.14%	1.94%	3.74%	-2.08%	7.89%	-4.45%	27.29%
2023	6.21%	-3.18%	-0.37%	-2.48%	-0.01%	7.01%	4.39%	2.11%	-2.50%	-6.83%	9.27%	8.91%	23.20%
2022	-5.92%	-4.03%	10.16%	-3.24%	-0.58%	-9.90%	13.32%	-4.87%	-8.20%	16.77%	6.76%	-4.56%	1.50%
2021	0.14%	8.40%	9.08%	1.25%	2.45%	0.06%	0.76%	3.64%	-6.03%	8.97%	-2.85%	4.41%	33.33%

Benchmark Metrics

World Infrastructure Growth has an annualized alpha of 10.60%, beta of 0.90, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since June 23, 2014.

This portfolio captured 122.13% of S&P 500 Index gains but only 76.07% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 10.60% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.90 and R² of 0.73, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 10.60%

Beta: 0.90

R²: 0.73

Upside Capture: 122.13%

Downside Capture: 76.07%

Expense Ratio

World Infrastructure Growth 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.

GDX

VanEck Gold Miners ETF

Return for Risk

Risk / Return Rank

World Infrastructure Growth ranks 95 for risk / return — in the top 95% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.39	0.43	+1.96
Sortino ratio Return per unit of downside risk	3.03	0.73	+2.30
Omega ratio Gain probability vs. loss probability	1.44	1.12	+0.33
Calmar ratio Return relative to maximum drawdown	8.91	0.64	+8.27
Martin ratio Return relative to average drawdown	33.83	2.67	+31.16
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.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
ENX.PA Euronext N.V.	47	0.31	0.57	1.07	0.53	1.04
CAT Caterpillar Inc.	94	2.90	3.47	1.48	5.40	18.27
BLK BlackRock, Inc.	33	-0.12	0.04	1.01	-0.11	-0.25
NDAQ Nasdaq, Inc.	44	0.18	0.43	1.06	0.33	0.86
ICE Intercontinental Exchange, Inc.	23	-0.39	-0.38	0.95	-0.45	-0.83
CBOE Cboe Global Markets, Inc.	70	1.02	1.49	1.18	2.11	4.52
MSCI MSCI Inc.	24	-0.31	-0.23	0.97	-0.48	-0.99
MCO Moody's Corporation	22	-0.36	-0.30	0.96	-0.45	-1.19
SPGI S&P Global Inc.	13	-0.67	-0.73	0.89	-0.64	-1.56
FER.MC Ferrovial	86	1.74	2.32	1.31	3.65	13.98

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.

World Infrastructure Growth Sharpe ratios as of Apr 5, 2026 (values are recalculated daily):

1-Year: 2.39
5-Year: 1.19
10-Year: 1.23
All Time: 1.12

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 0.99 to 1.69, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of World Infrastructure Growth 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

World Infrastructure Growth provided a 1.31% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.31%	1.45%	1.73%	1.86%	2.08%	1.74%	1.77%	2.06%	2.18%	1.90%	2.67%	2.68%
Portfolio components:
ENX.PA Euronext N.V.	2.02%	2.27%	2.29%	2.82%	2.79%	1.61%	1.76%	2.12%	3.44%	2.74%	3.16%	1.78%
CAT Caterpillar Inc.	0.83%	1.02%	1.49%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%
BLK BlackRock, Inc.	2.21%	1.95%	1.99%	2.46%	2.75%	1.80%	2.01%	2.63%	3.08%	1.95%	2.41%	2.56%
NDAQ Nasdaq, Inc.	1.25%	1.08%	1.22%	1.48%	1.27%	1.00%	1.46%	1.73%	2.08%	1.90%	1.80%	1.55%
ICE Intercontinental Exchange, Inc.	1.20%	1.19%	1.21%	1.31%	1.48%	0.97%	1.04%	1.19%	1.27%	1.13%	1.21%	1.13%
CBOE Cboe Global Markets, Inc.	0.96%	1.08%	1.21%	1.18%	1.56%	1.38%	1.68%	1.12%	1.19%	0.83%	1.30%	1.36%
MSCI MSCI Inc.	1.37%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%
MCO Moody's Corporation	0.87%	0.74%	0.72%	0.79%	1.26%	0.63%	0.77%	0.84%	1.26%	1.03%	1.57%	1.36%
SPGI S&P Global Inc.	0.89%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%
FER.MC Ferrovial	1.29%	1.34%	1.78%	1.97%	2.29%	1.48%	1.84%	2.16%	3.30%	3.08%	3.43%	2.70%

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 World Infrastructure Growth. 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 World Infrastructure Growth was 32.21%, occurring on Mar 23, 2020. Recovery took 116 trading sessions.

The current World Infrastructure Growth drawdown is 3.84%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-32.21%	Feb 20, 2020	23	Mar 23, 2020	116	Sep 2, 2020	139
-21.5%	Jan 24, 2025	53	Apr 8, 2025	77	Jul 25, 2025	130
-18.98%	May 28, 2015	184	Feb 11, 2016	105	Jul 8, 2016	289
-16.88%	Apr 21, 2022	117	Sep 30, 2022	29	Nov 10, 2022	146
-16.34%	Jun 15, 2018	137	Dec 24, 2018	67	Mar 29, 2019	204

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 15 assets, with an effective number of assets of 5.28, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	GDX	ENX.PA	CBOE	FER.MC	ENEL.MI	NEE	IBDRY	CAT	ASML	ICE	MSCI	NDAQ	BLK	SPGI	MCO	Portfolio
Benchmark	1.00	0.06	0.19	0.34	0.29	0.28	0.41	0.36	0.61	0.63	0.58	0.64	0.64	0.74	0.69	0.71	0.79
GDX	0.06	1.00	0.02	-0.02	0.05	0.08	0.13	0.12	0.11	0.10	0.01	0.03	0.02	0.06	0.03	0.04	0.18
ENX.PA	0.19	0.02	1.00	0.08	0.29	0.32	0.08	0.20	0.10	0.22	0.18	0.22	0.21	0.21	0.23	0.24	0.26
CBOE	0.34	-0.02	0.08	1.00	0.10	0.07	0.26	0.16	0.17	0.13	0.49	0.32	0.45	0.30	0.38	0.34	0.30
FER.MC	0.29	0.05	0.29	0.10	1.00	0.44	0.15	0.33	0.24	0.26	0.17	0.21	0.20	0.28	0.25	0.26	0.37
ENEL.MI	0.28	0.08	0.32	0.07	0.44	1.00	0.22	0.55	0.20	0.27	0.17	0.21	0.20	0.29	0.24	0.27	0.36
NEE	0.41	0.13	0.08	0.26	0.15	0.22	1.00	0.35	0.18	0.18	0.34	0.30	0.35	0.31	0.35	0.34	0.33
IBDRY	0.36	0.12	0.20	0.16	0.33	0.55	0.35	1.00	0.20	0.29	0.26	0.25	0.28	0.31	0.30	0.32	0.38
CAT	0.61	0.11	0.10	0.17	0.24	0.20	0.18	0.20	1.00	0.40	0.30	0.33	0.34	0.56	0.38	0.40	0.88
ASML	0.63	0.10	0.22	0.13	0.26	0.27	0.18	0.29	0.40	1.00	0.31	0.45	0.36	0.49	0.43	0.46	0.64
ICE	0.58	0.01	0.18	0.49	0.17	0.17	0.34	0.26	0.30	0.31	1.00	0.53	0.67	0.52	0.60	0.59	0.50
MSCI	0.64	0.03	0.22	0.32	0.21	0.21	0.30	0.25	0.33	0.45	0.53	1.00	0.59	0.57	0.67	0.68	0.56
NDAQ	0.64	0.02	0.21	0.45	0.20	0.20	0.35	0.28	0.34	0.36	0.67	0.59	1.00	0.57	0.62	0.62	0.55
BLK	0.74	0.06	0.21	0.30	0.28	0.29	0.31	0.31	0.56	0.49	0.52	0.57	0.57	1.00	0.60	0.63	0.72
SPGI	0.69	0.03	0.23	0.38	0.25	0.24	0.35	0.30	0.38	0.43	0.60	0.67	0.62	0.60	1.00	0.84	0.61
MCO	0.71	0.04	0.24	0.34	0.26	0.27	0.34	0.32	0.40	0.46	0.59	0.68	0.62	0.63	0.84	1.00	0.63
Portfolio	0.79	0.18	0.26	0.30	0.37	0.36	0.33	0.38	0.88	0.64	0.50	0.56	0.55	0.72	0.61	0.63	1.00

The correlation results are calculated based on daily price changes starting from Jun 23, 2014

World Infrastructure Growth

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table