Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
AVGO Broadcom Inc. | Technology | 25% |
NVDA NVIDIA Corporation | Technology | 25% |
SMH VanEck Semiconductor ETF | Semiconductors, Technology Equities | 25% |
TSM Taiwan Semiconductor Manufacturing Company Limited | Technology | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SMH TOP 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 Every 3 months.
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The earliest data available for this chart is Aug 6, 2009, corresponding to the inception date of AVGO
Returns By Period
As of Apr 2, 2026, the SMH TOP 3 returned 1.80% Year-To-Date and 45.63% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio SMH TOP 3 | 0.16% | -1.24% | 1.80% | 5.34% | 83.36% | 66.47% | 43.28% | 45.63% |
| Portfolio components: | ||||||||
NVDA NVIDIA Corporation | 0.93% | -1.47% | -4.88% | -6.08% | 60.69% | 85.17% | 66.71% | 70.07% |
AVGO Broadcom Inc. | 0.34% | 0.44% | -8.93% | -6.61% | 84.26% | 72.07% | 48.84% | 38.50% |
TSM Taiwan Semiconductor Manufacturing Company Limited | -0.72% | -3.72% | 11.88% | 18.31% | 101.39% | 56.27% | 24.16% | 32.63% |
SMH VanEck Semiconductor ETF | 0.09% | 0.32% | 8.94% | 16.35% | 83.82% | 44.85% | 26.17% | 31.69% |
Monthly Returns
Based on dividend-adjusted daily data since Aug 7, 2009, SMH TOP 3's average daily return is +0.14%, while the average monthly return is +2.91%. At this rate, your investment would double in approximately 2.0 years.
Historically, 65% of months were positive and 35% were negative. The best month was May 2023 with a return of +25.1%, while the worst month was May 2019 at -18.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SMH TOP 3 closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +16.8%, while the worst single day was Mar 16, 2020 at -16.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.78% | 1.13% | -5.34% | 1.49% | 1.80% | ||||||||
| 2025 | -2.12% | -6.37% | -11.39% | 3.93% | 20.01% | 16.06% | 7.34% | -1.19% | 12.84% | 9.83% | -2.34% | -0.99% | 49.39% |
| 2024 | 11.23% | 17.18% | 7.79% | -2.55% | 12.73% | 14.33% | -3.76% | 1.37% | 2.66% | 3.96% | -0.74% | 11.14% | 102.69% |
| 2023 | 19.88% | 4.31% | 12.15% | -4.46% | 25.07% | 7.23% | 4.50% | 0.18% | -8.99% | -2.46% | 13.19% | 11.04% | 109.89% |
| 2022 | -9.39% | -4.26% | 4.45% | -17.41% | 3.72% | -16.08% | 13.66% | -9.90% | -15.13% | 2.27% | 24.10% | -7.94% | -33.85% |
| 2021 | 4.40% | 4.93% | -1.98% | 2.36% | 3.87% | 9.02% | -0.83% | 5.50% | -5.13% | 10.45% | 12.32% | 2.68% | 57.37% |
Benchmark Metrics
SMH TOP 3 has an annualized alpha of 20.38%, beta of 1.37, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since August 07, 2009.
- This portfolio captured 209.42% of S&P 500 Index gains and 100.16% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 20.38% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 20.38%
- Beta
- 1.37
- R²
- 0.59
- Upside Capture
- 209.42%
- Downside Capture
- 100.16%
Expense Ratio
SMH TOP 3 has an expense ratio of 0.09%, 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
SMH TOP 3 ranks 93 for risk / return — in the top 93% 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.23 | 0.88 | +1.34 |
Sortino ratioReturn per unit of downside risk | 2.89 | 1.37 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 5.58 | 1.39 | +4.19 |
Martin ratioReturn relative to average drawdown | 18.18 | 6.43 | +11.74 |
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 | |
|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 81 | 1.47 | 2.17 | 1.27 | 3.02 | 7.54 |
AVGO Broadcom Inc. | 84 | 1.76 | 2.49 | 1.32 | 3.08 | 7.50 |
TSM Taiwan Semiconductor Manufacturing Company Limited | 93 | 2.64 | 3.23 | 1.41 | 5.70 | 18.99 |
SMH VanEck Semiconductor ETF | 94 | 2.28 | 2.89 | 1.41 | 5.34 | 18.94 |
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Dividends
Dividend yield
SMH TOP 3 provided a 0.52% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.52% | 0.51% | 0.65% | 1.03% | 1.70% | 1.09% | 1.36% | 2.19% | 2.27% | 1.48% | 1.32% | 1.75% |
| Portfolio components: | ||||||||||||
NVDA NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
AVGO Broadcom Inc. | 0.79% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.98% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
SMH VanEck Semiconductor ETF | 0.28% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
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 SMH TOP 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 SMH TOP 3 was 48.54%, occurring on Oct 14, 2022. Recovery took 153 trading sessions.
The current SMH TOP 3 drawdown is 9.08%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.54% | Jan 5, 2022 | 196 | Oct 14, 2022 | 153 | May 25, 2023 | 349 |
| -35.3% | Jan 24, 2025 | 50 | Apr 4, 2025 | 47 | Jun 12, 2025 | 97 |
| -34.81% | Feb 20, 2020 | 20 | Mar 18, 2020 | 53 | Jun 3, 2020 | 73 |
| -29.55% | Feb 18, 2011 | 127 | Aug 19, 2011 | 426 | May 2, 2013 | 553 |
| -26.8% | Oct 2, 2018 | 64 | Jan 3, 2019 | 69 | Apr 12, 2019 | 133 |
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 4 assets, with an effective number of assets of 4.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | TSM | AVGO | NVDA | SMH | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.59 | 0.61 | 0.61 | 0.77 | 0.72 |
| TSM | 0.59 | 1.00 | 0.54 | 0.56 | 0.76 | 0.79 |
| AVGO | 0.61 | 0.54 | 1.00 | 0.56 | 0.74 | 0.81 |
| NVDA | 0.61 | 0.56 | 0.56 | 1.00 | 0.77 | 0.85 |
| SMH | 0.77 | 0.76 | 0.74 | 0.77 | 1.00 | 0.93 |
| Portfolio | 0.72 | 0.79 | 0.81 | 0.85 | 0.93 | 1.00 |