Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GLD SPDR Gold Shares | Gold, Precious Metals | 25% |
GSG iShares S&P GSCI Commodity-Indexed Trust | Commodities | 25% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 25% |
VT Vanguard Total World Stock ETF | Global Equities | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dragon Portfolio US ETF TLT, 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 year.
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The earliest data available for this chart is Jun 26, 2008, corresponding to the inception date of VT
Returns By Period
As of Apr 4, 2026, the Dragon Portfolio US ETF TLT returned 13.26% Year-To-Date and 9.39% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio Dragon Portfolio US ETF TLT | 1.10% | 1.78% | 13.26% | 17.66% | 33.38% | 16.87% | 12.00% | 9.39% |
| Portfolio components: | ||||||||
GLD SPDR Gold Shares | -1.92% | -8.98% | 8.35% | 20.07% | 49.92% | 32.51% | 21.53% | 13.97% |
VT Vanguard Total World Stock ETF | -0.23% | -3.83% | -0.97% | 1.25% | 26.32% | 16.97% | 9.38% | 11.66% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 4.83% | 20.80% | 45.06% | 47.03% | 52.25% | 17.42% | 18.79% | 9.67% |
TLT iShares 20+ Year Treasury Bond ETF | 0.61% | -2.26% | 0.69% | -0.72% | -1.22% | -2.76% | -5.75% | -1.34% |
Monthly Returns
Based on dividend-adjusted daily data since Jun 27, 2008, Dragon Portfolio US ETF TLT's average daily return is +0.02%, while the average monthly return is +0.50%. At this rate, your investment would double in approximately 11.6 years.
Historically, 60% of months were positive and 40% were negative. The best month was May 2009 with a return of +10.1%, while the worst month was Oct 2008 at -16.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Dragon Portfolio US ETF TLT closed higher 53% of trading days. The best single day was Nov 4, 2008 with a return of +4.8%, while the worst single day was Mar 18, 2020 at -4.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.46% | 4.28% | 0.62% | 1.39% | 13.26% | ||||||||
| 2025 | 3.45% | 1.38% | 1.94% | -0.86% | 1.02% | 2.82% | 0.63% | 2.13% | 5.29% | 2.14% | 1.85% | 0.14% | 24.11% |
| 2024 | 0.18% | 0.91% | 4.30% | -1.37% | 1.82% | 1.00% | 1.98% | 1.11% | 2.38% | -0.25% | 0.39% | -1.91% | 10.90% |
| 2023 | 5.21% | -4.41% | 3.71% | 0.43% | -2.84% | 1.95% | 3.38% | -1.73% | -3.28% | -1.18% | 4.02% | 2.97% | 7.93% |
| 2022 | 0.37% | 2.90% | 2.08% | -2.92% | 0.76% | -5.07% | 1.01% | -3.52% | -6.95% | 1.77% | 4.80% | -1.47% | -6.71% |
| 2021 | -0.59% | 0.49% | -1.27% | 4.79% | 2.85% | 0.75% | 1.91% | -0.23% | -0.65% | 4.02% | -3.66% | 3.50% | 12.21% |
Benchmark Metrics
Dragon Portfolio US ETF TLT has an annualized alpha of 2.94%, beta of 0.28, and R² of 0.27 versus S&P 500 Index. Calculated based on daily prices since June 27, 2008.
- This portfolio participated in 43.50% of S&P 500 Index downside but only 40.63% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.28 may look defensive, but with R² of 0.27 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.27 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.94%
- Beta
- 0.28
- R²
- 0.27
- Upside Capture
- 40.63%
- Downside Capture
- 43.50%
Expense Ratio
Dragon Portfolio US ETF TLT has an expense ratio of 0.34%, 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.
Return for Risk
Risk / Return Rank
Dragon Portfolio US ETF TLT ranks 94 for risk / return — in the top 94% 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 | 2.44 | 0.88 | +1.56 |
Sortino ratioReturn per unit of downside risk | 3.24 | 1.37 | +1.87 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.21 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 4.02 | 1.39 | +2.64 |
Martin ratioReturn relative to average drawdown | 18.19 | 6.43 | +11.75 |
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 | |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 78 | 1.77 | 2.19 | 1.32 | 2.57 | 9.28 |
VT Vanguard Total World Stock ETF | 66 | 1.24 | 1.83 | 1.27 | 1.86 | 8.47 |
GSG iShares S&P GSCI Commodity-Indexed Trust | 89 | 2.13 | 2.88 | 1.39 | 3.94 | 10.99 |
TLT iShares 20+ Year Treasury Bond ETF | 9 | -0.07 | -0.01 | 1.00 | -0.09 | -0.19 |
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Dividends
Dividend yield
Dragon Portfolio US ETF TLT provided a 1.58% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.58% | 1.56% | 1.56% | 1.37% | 1.22% | 0.83% | 0.79% | 1.15% | 1.29% | 1.13% | 1.25% | 1.27% |
| Portfolio components: | ||||||||||||
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% |
VT Vanguard Total World Stock ETF | 1.80% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
GSG iShares S&P GSCI Commodity-Indexed 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% |
TLT iShares 20+ Year Treasury Bond ETF | 4.51% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
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 Dragon Portfolio US ETF TLT. 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 Dragon Portfolio US ETF TLT was 28.36%, occurring on Nov 12, 2008. Recovery took 461 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.36% | Jul 15, 2008 | 86 | Nov 12, 2008 | 461 | Sep 14, 2010 | 547 |
| -22.95% | Jul 1, 2014 | 391 | Jan 19, 2016 | 861 | Jun 20, 2019 | 1252 |
| -20.75% | Mar 9, 2022 | 140 | Sep 27, 2022 | 451 | Jul 16, 2024 | 591 |
| -18.59% | Feb 24, 2020 | 18 | Mar 18, 2020 | 86 | Jul 21, 2020 | 104 |
| -11.5% | Sep 14, 2012 | 195 | Jun 26, 2013 | 247 | Jun 19, 2014 | 442 |
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 | TLT | GLD | GSG | VT | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.26 | 0.05 | 0.34 | 0.95 | 0.46 |
| TLT | -0.26 | 1.00 | 0.20 | -0.23 | -0.25 | 0.20 |
| GLD | 0.05 | 0.20 | 1.00 | 0.23 | 0.13 | 0.66 |
| GSG | 0.34 | -0.23 | 0.23 | 1.00 | 0.38 | 0.69 |
| VT | 0.95 | -0.25 | 0.13 | 0.38 | 1.00 | 0.54 |
| Portfolio | 0.46 | 0.20 | 0.66 | 0.69 | 0.54 | 1.00 |