Asset Allocation
Find the right asset allocation for Dennis Nolen 8/12
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 Dennis Nolen 8/12, 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
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | -0.93% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio Dennis Nolen 8/12 | 0.49% | 0.33% | 5.59% | 6.71% | 21.96% | — | — | — |
| Portfolio components: | ||||||||
ALAI Alger AI Enablers & Adopters ETF | 0.81% | 1.54% | 20.13% | 20.63% | 51.20% | — | — | — |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | -2.71% | 7.74% | 13.12% | 20.44% | 76.99% | 64.38% | 29.22% | — |
DFJ WisdomTree Japan SmallCap Dividend Fund | 0.31% | -1.42% | 10.31% | 11.99% | 27.38% | 18.53% | 9.75% | 9.18% |
EUFN iShares MSCI Europe Financials ETF | 1.20% | 3.32% | 4.75% | 9.10% | 26.28% | 32.04% | 18.43% | 13.48% |
EWS iShares MSCI Singapore ETF | 0.07% | -0.82% | 5.96% | 7.68% | 17.42% | 20.28% | 8.93% | 7.88% |
FJP First Trust Japan AlphaDEX Fund | 1.05% | -6.06% | 12.56% | 11.54% | 31.94% | 19.57% | 10.59% | 7.61% |
FXU First Trust Utilities AlphaDEX Fund | 0.87% | 1.27% | 8.19% | 8.80% | 16.57% | 17.64% | 11.71% | 9.38% |
GAMR Amplify Video Game Leaders ETF | 0.84% | -0.42% | -2.06% | -1.64% | 11.36% | 12.99% | -1.76% | 12.44% |
GREK Global X MSCI Greece ETF | 0.87% | 5.63% | 15.45% | 15.54% | 38.63% | 32.67% | 24.30% | 16.01% |
GSIB Themes Global Systemically Important Banks ETF | 1.92% | 6.83% | 13.98% | 16.88% | 45.35% | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since Apr 10, 2024, Dennis Nolen 8/12's average daily return is +0.10%, while the average monthly return is +2.00%. At this rate, an investment would double in approximately 2.9 years.
Historically, 70% of months were positive and 30% were negative. The best month was May 2025 with a return of +10.2%, while the worst month was Mar 2026 at -7.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, Dennis Nolen 8/12 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.5%, while the worst single day was Apr 4, 2025 at -6.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.87% | 2.02% | -7.18% | 6.50% | 4.62% | -2.72% | 5.59% | ||||||
| 2025 | 5.11% | 0.66% | -0.32% | 3.40% | 10.18% | 5.75% | 4.18% | 1.40% | 4.48% | 0.86% | -1.08% | 0.80% | 41.05% |
| 2024 | -1.86% | 6.18% | -1.02% | 3.03% | 2.18% | 4.06% | -1.77% | 5.06% | -3.26% | 12.79% |
Benchmark Metrics
Dennis Nolen 8/12 has an annualized alpha of 10.81%, beta of 0.84, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since April 10, 2024.
- This portfolio captured 108.19% of S&P 500 Index gains but only 49.66% of its losses - a favorable profile for investors.
- This portfolio generated an annualized alpha of 10.81% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 10.81%
- Beta
- 0.84
- R²
- 0.78
- Upside Capture
- 108.19%
- Downside Capture
- 49.66%
Expense Ratio
Dennis Nolen 8/12 has an expense ratio of 0.62%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Top 10 holdings
Return for Risk
Risk / Return Rank
Dennis Nolen 8/12 ranks 27 for risk / return — below 27% 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 Dennis Nolen 8/12 and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 1.52 | 1.86 | -0.34 |
| Sortino ratioReturn per unit of downside risk | 2.20 | 2.53 | -0.34 |
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.53 | -0.54 |
| Martin ratioReturn relative to average drawdown | 7.86 | 11.37 | -3.51 |
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 |
|---|---|---|---|---|---|---|
ALAI Alger AI Enablers & Adopters ETF | 63 | 2.06 | 2.60 | 1.34 | 2.64 | 8.30 |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 38 | 1.18 | 1.85 | 1.22 | 1.85 | 4.29 |
DFJ WisdomTree Japan SmallCap Dividend Fund | 50 | 1.65 | 2.34 | 1.29 | 2.11 | 5.97 |
EUFN iShares MSCI Europe Financials ETF | 42 | 1.31 | 1.92 | 1.23 | 1.79 | 6.24 |
EWS iShares MSCI Singapore ETF | 39 | 1.15 | 1.69 | 1.21 | 2.24 | 5.40 |
FJP First Trust Japan AlphaDEX Fund | 49 | 1.53 | 2.14 | 1.27 | 2.22 | 6.55 |
FXU First Trust Utilities AlphaDEX Fund | 39 | 1.26 | 1.75 | 1.21 | 1.93 | 5.17 |
GAMR Amplify Video Game Leaders ETF | 16 | 0.50 | 0.80 | 1.10 | 0.39 | 0.88 |
GREK Global X MSCI Greece ETF | 49 | 1.59 | 2.38 | 1.28 | 1.82 | 5.62 |
GSIB Themes Global Systemically Important Banks ETF | 81 | 2.59 | 3.58 | 1.43 | 3.28 | 11.54 |
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Dividends
Dividend yield
Dennis Nolen 8/12 provided a 6.77% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 6.77% | 5.81% | 5.98% | 2.57% | 1.38% | 1.41% | 1.13% | 1.42% | 1.51% | 1.37% | 1.39% | 1.01% |
| Portfolio components: | ||||||||||||
ALAI Alger AI Enablers & Adopters ETF | 1.25% | 1.50% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFEN Direxion Daily Aerospace & Defense Bull 3X Shares | 7.89% | 8.89% | 14.12% | 1.13% | 0.46% | 1.89% | 0.48% | 0.50% | 1.07% | 1.50% | 0.00% | 0.00% |
DFJ WisdomTree Japan SmallCap Dividend Fund | 2.41% | 2.68% | 2.46% | 2.43% | 2.62% | 2.07% | 2.59% | 2.24% | 1.89% | 1.60% | 1.76% | 1.23% |
EUFN iShares MSCI Europe Financials ETF | 3.41% | 3.57% | 5.36% | 5.00% | 4.24% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% |
EWS iShares MSCI Singapore ETF | 3.87% | 4.10% | 4.28% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% |
FJP First Trust Japan AlphaDEX Fund | 2.53% | 2.68% | 3.18% | 3.49% | 2.21% | 2.43% | 0.99% | 2.80% | 1.54% | 1.29% | 1.46% | 0.85% |
FXU First Trust Utilities AlphaDEX Fund | 2.16% | 2.29% | 2.41% | 2.52% | 2.03% | 2.00% | 3.97% | 2.34% | 2.40% | 3.81% | 2.62% | 3.90% |
GAMR Amplify Video Game Leaders ETF | 0.53% | 0.52% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GREK Global X MSCI Greece ETF | 3.00% | 3.46% | 4.63% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% |
GSIB Themes Global Systemically Important Banks ETF | 1.67% | 1.91% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 Dennis Nolen 8/12. 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 Dennis Nolen 8/12 was 12.60%, occurring on Apr 7, 2025. Recovery took 15 trading sessions.
The current Dennis Nolen 8/12 drawdown is 2.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -12.60%Apr 2025 | 12d | 22d | 1mo 4dMar 2025 - Apr 2025 |
2026 correction2026 | -10.73%Mar 2026 | 2mo 1d | 18d | 2mo 19dJan 2026 - Apr 2026 |
2024 pullback2024 | -6.71%Aug 2024 | 19d | 14d | 1mo 3dJul 2024 - Aug 2024 |
2025 pullback2025 | -5.99%Nov 2025 | 21d | 1mo 16d | 2mo 7dOct 2025 - Jan 2026 |
2026 pullback2026 | -5.44%Jun 2026 | 9d | — | 13d 40mJun 2026 - now |
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 19 assets, with an effective number of assets of 16.97, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | All Time | |
|---|---|---|
Diversification Ratio | 1.52 | 1.42 |
The portfolio has a diversification ratio of 1.42, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Dennis Nolen 8/12 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.84 |
Benchmark Correlations
Correlation vs. S&P 500 Index. SPMO has the highest benchmark correlation at 0.89, while OOSP has the lowest at -0.01.
Asset Correlations Table
Find what Dennis Nolen 8/12 is missing
See which holdings overlap, where Dennis Nolen 8/12 is concentrated, and which low-correlation assets could fill the gaps.
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