Portfolio 3 +gold

Asset Allocation

Position	Category/Sector	Target Weight
BND Vanguard Total Bond Market ETF	Total Bond Market	14.29%
AGG iShares Core U.S. Aggregate Bond ETF	Total Bond Market	14.29%
GLD SPDR Gold Shares	Gold, Precious Metals	14.29%
XLV State Street Health Care Select Sector SPDR ETF	Health & Biotech Equities	14.29%
RSPU Invesco S&P 500 Equal Weight Utilities ETF	Utilities Equities, S&P 500, Equal Weight	14.29%
QLD ProShares Ultra QQQ	Leveraged Equities	14.29%
SOXX iShares Semiconductor ETF	Semiconductors, Technology Equities	14.29%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Portfolio 3 +gold, 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 13, 2026, the Portfolio 3 +gold returned 20.62% Year-To-Date and 16.43% of annualized return in the last 10 years.

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 Portfolio 3 +gold	0.67%	2.03%	20.62%	21.22%	42.33%	24.01%	14.91%	16.43%
Portfolio components:
AGG iShares Core U.S. Aggregate Bond ETF	-0.12%	0.46%	0.52%	0.93%	4.87%	4.19%	0.06%	1.57%
BND Vanguard Total Bond Market ETF	-0.12%	0.45%	0.52%	0.91%	4.77%	4.17%	0.03%	1.58%
GLD SPDR Gold Shares	0.06%	-9.52%	-2.47%	-2.25%	22.21%	28.89%	17.08%	12.15%
QLD ProShares Ultra QQQ	1.30%	-0.55%	32.65%	32.82%	73.89%	44.57%	23.24%	35.67%
RSPU Invesco S&P 500 Equal Weight Utilities ETF	1.00%	0.48%	6.94%	7.66%	15.11%	15.64%	10.86%	9.57%
SOXX iShares Semiconductor ETF	1.59%	12.49%	98.11%	99.51%	171.57%	53.00%	33.69%	35.55%
XLV State Street Health Care Select Sector SPDR ETF	-0.18%	4.90%	-0.23%	0.67%	15.00%	7.12%	6.00%	9.81%

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

Monthly Returns

Based on dividend-adjusted daily data since Apr 10, 2007, Portfolio 3 +gold's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +10.8%, while the worst month was Oct 2008 at -14.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Portfolio 3 +gold closed higher 56% of trading days. The best single day was Oct 13, 2008 with a return of +8.4%, while the worst single day was Mar 12, 2020 at -8.2%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.50%	3.30%	-6.08%	10.77%	7.84%	-0.42%							20.62%
2025	3.01%	0.19%	-2.08%	-0.01%	3.63%	5.21%	0.84%	2.14%	5.89%	4.48%	1.45%	-0.62%	26.58%
2024	0.36%	3.42%	3.52%	-2.89%	5.09%	2.25%	1.56%	2.06%	2.44%	-2.01%	1.89%	-2.59%	15.78%
2023	6.80%	-2.90%	7.08%	0.02%	2.30%	3.43%	2.72%	-2.61%	-5.04%	-1.32%	8.50%	5.55%	26.16%
2022	-6.09%	-1.21%	2.57%	-8.39%	0.98%	-6.65%	7.46%	-5.01%	-8.83%	2.58%	8.06%	-4.53%	-19.07%
2021	-0.22%	-1.49%	2.31%	3.57%	1.06%	1.85%	2.76%	2.32%	-4.83%	4.69%	1.49%	3.67%	18.17%

Benchmark Metrics

Portfolio 3 +gold has an annualized alpha of 6.65%, beta of 0.64, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since April 10, 2007.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.09%) than losses (67.83%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 6.65% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Beta of 0.64 indicates this portfolio moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 6.65%

Beta: 0.64

R²: 0.82

Upside Capture: 87.09%

Downside Capture: 67.83%

See how alpha, beta & R² have trended over time →

Expense Ratio

Portfolio 3 +gold has an expense ratio of 0.32%, 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.

QLD

ProShares Ultra QQQ

RSPU

Invesco S&P 500 Equal Weight Utilities ETF

GLD

SPDR Gold Shares

SOXX

iShares Semiconductor ETF

XLV

State Street Health Care Select Sector SPDR ETF

BND

Vanguard Total Bond Market ETF

AGG

iShares Core U.S. Aggregate Bond ETF

Return for Risk

Risk / Return Rank

Portfolio 3 +gold ranks 89 for risk / return — in the top 89% 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

The table below presents risk-adjusted performance metrics for Portfolio 3 +gold 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	2.86	1.86	+1.00
Sortino ratioReturn per unit of downside risk	3.72	2.53	+1.19
Omega ratioGain probability vs. loss probability	1.54	1.34	+0.20
Calmar ratioReturn relative to maximum drawdown	4.67	2.53	+2.14
Martin ratioReturn relative to average drawdown	20.26	11.37	+8.89

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	36	1.19	1.76	1.21	1.63	4.82
BND Vanguard Total Bond Market ETF	36	1.18	1.77	1.21	1.65	4.81
GLD SPDR Gold Shares	26	0.87	1.24	1.18	0.98	2.81
QLD ProShares Ultra QQQ	62	2.04	2.48	1.33	2.78	9.46
RSPU Invesco S&P 500 Equal Weight Utilities ETF	31	1.01	1.42	1.18	1.67	3.77
SOXX iShares Semiconductor ETF	96	4.43	4.37	1.62	10.50	38.20
XLV State Street Health Care Select Sector SPDR ETF	29	0.97	1.55	1.17	1.38	3.31

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.

The current Portfolio 3 +gold Sharpe ratio is 2.86 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, 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 Portfolio 3 +gold 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

Portfolio 3 +gold provided a 1.78% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.78%	1.80%	1.77%	1.69%	1.48%	1.18%	1.40%	1.64%	1.66%	1.48%	1.54%	1.71%
Portfolio components:
AGG iShares Core U.S. Aggregate Bond ETF	3.98%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
BND Vanguard Total Bond Market ETF	3.96%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QLD ProShares Ultra QQQ	0.13%	0.17%	0.25%	0.33%	0.31%	0.00%	0.00%	0.13%	0.06%	0.02%	0.21%	0.11%
RSPU Invesco S&P 500 Equal Weight Utilities ETF	2.49%	2.54%	2.39%	2.92%	2.35%	2.41%	2.94%	2.54%	3.11%	3.08%	2.98%	4.14%
SOXX iShares Semiconductor ETF	0.28%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
XLV State Street Health Care Select Sector SPDR ETF	1.63%	1.60%	1.67%	1.59%	1.47%	1.33%	1.49%	2.17%	1.57%	1.47%	1.60%	1.43%

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 Portfolio 3 +gold. 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 Portfolio 3 +gold was 37.23%, occurring on Nov 20, 2008. Recovery took 342 trading sessions.

The current Portfolio 3 +gold drawdown is 1.86%.

Related event	Drawdown	Fall	Recovery	Underwater
Financial crisis2007–2009	-37.23%Nov 2008	1y 14d	1y 4mo	2y 5moNov 2007 - Apr 2010
Bear market2022	-25.73%Oct 2022	9mo 20d	1y 2mo	1y 11moDec 2021 - Dec 2023
COVID crash2020	-23.51%Mar 2020	29d	2mo 17d	3mo 16dFeb 2020 - Jun 2020
2025 selloff2025	-13.26%Apr 2025	1mo 16d	1mo 26d	3mo 12dFeb 2025 - Jun 2025
Rate-hike selloffLate 2018	-10.44%Dec 2018	3mo 26d	1mo 20d	5mo 16dAug 2018 - Feb 2019

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 7 assets, with an effective number of assets of 7.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.48	1.45	1.39	1.36	1.39

The portfolio has a diversification ratio of 1.39, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Portfolio 3 +gold correlation to the S&P 500 Index

Portfolio 3 +gold has a 0.83 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007	0.88

Benchmark Correlations

Correlation vs. S&P 500 Index. QLD has the highest benchmark correlation at 0.90, while BND has the lowest at -0.14.

-0.14

-0.11

0.06

0.46

0.73

0.77

0.90

Portfolio Correlations

Correlation vs. Portfolio 3 +gold. QLD has the highest portfolio correlation at 0.90, while BND has the lowest at 0.05.

0.05

0.08

0.28

0.52

0.70

0.84

0.90

Asset Correlations Table

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

	GLD	AGG	BND	RSPU	XLV	SOXX	QLD
GLD	1.00	0.25	0.25	0.13	0.04	0.05	0.05
AGG	0.25	1.00	0.92	0.10	-0.05	-0.10	-0.07
BND	0.25	0.92	1.00	0.09	-0.07	-0.13	-0.10
RSPU	0.13	0.10	0.09	1.00	0.45	0.26	0.33
XLV	0.04	-0.05	-0.07	0.45	1.00	0.49	0.62
SOXX	0.05	-0.10	-0.13	0.26	0.49	1.00	0.83
QLD	0.05	-0.07	-0.10	0.33	0.62	0.83	1.00

The correlation results are calculated based on daily price changes starting from Apr 10, 2007

Diversification Analysis

Find what Portfolio 3 +gold is missing

See which holdings overlap, where Portfolio 3 +gold is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification