BTM8

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

BTM8

Currency in USD · Last updated Jun 2, 2025

Asset Allocation

Position	Category/Sector	Target Weight
MRK Merck & Co., Inc.	Healthcare	6.67%
MRNA Moderna, Inc.	Healthcare	6.67%
MRVL Marvell Technology Group Ltd.	Technology	6.67%
MS Morgan Stanley	Financial Services	6.67%
MSFT Microsoft Corporation	Technology	6.67%
MU Micron Technology, Inc.	Technology	6.67%
NEE NextEra Energy, Inc.	Utilities	6.67%
NFLX Netflix, Inc.	Communication Services	6.67%
NOW ServiceNow, Inc.	Technology	6.67%
NTES NetEase, Inc.	Communication Services	6.67%
NVDA NVIDIA Corporation	Technology	6.67%
NVO Novo Nordisk A/S	Healthcare	6.67%
NVS Novartis AG	Healthcare	6.67%
NXPI NXP Semiconductors N.V.	Technology	6.67%
ODFL Old Dominion Freight Line, Inc.	Industrials	6.67%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Dec 7, 2018, corresponding to the inception date of MRNA

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	0.92%	4.38%	-1.84%	12.48%	13.71%	10.99%
BTM8	-0.67%	5.57%	-5.25%	-2.31%	21.63%	N/A
Portfolio components:
MRK Merck & Co., Inc.	-22.69%	-8.33%	-22.95%	-37.46%	2.57%	6.28%
MRNA Moderna, Inc.	-34.94%	-2.03%	-38.88%	-81.02%	-14.70%	N/A
MRVL Marvell Technology Group Ltd.	-44.25%	-1.38%	-36.43%	-10.37%	11.81%	16.95%
MS Morgan Stanley	3.64%	6.80%	-0.56%	35.43%	26.31%	15.75%
MSFT Microsoft Corporation	10.02%	6.33%	7.60%	12.14%	21.07%	27.72%
MU Micron Technology, Inc.	16.81%	21.63%	-0.12%	-21.09%	15.47%	14.21%
NEE NextEra Energy, Inc.	-0.54%	5.41%	-7.49%	-9.14%	4.10%	13.89%
NFLX Netflix, Inc.	36.76%	5.40%	35.78%	89.98%	23.64%	29.70%
NOW ServiceNow, Inc.	-4.53%	3.56%	-3.46%	54.07%	21.13%	29.40%
NTES NetEase, Inc.	40.52%	13.58%	41.05%	43.05%	10.31%	17.54%
NVDA NVIDIA Corporation	2.31%	19.98%	-0.89%	25.34%	73.50%	74.04%
NVO Novo Nordisk A/S	-13.97%	5.20%	-31.90%	-45.09%	19.56%	12.08%
NVS Novartis AG	24.24%	2.11%	15.36%	17.23%	12.01%	7.37%
NXPI NXP Semiconductors N.V.	-6.78%	2.48%	-16.68%	-27.89%	14.05%	7.18%
ODFL Old Dominion Freight Line, Inc.	-9.15%	1.26%	-28.64%	-8.19%	14.41%	21.61%

*Annualized

Monthly Returns

The table below presents the monthly returns of BTM8, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	2.36%	-3.36%	-8.20%	0.76%	7.47%	1.02%							-0.67%
2024	5.12%	6.02%	6.10%	-4.08%	8.45%	2.10%	-1.15%	-0.93%	-0.24%	-1.78%	4.41%	-3.85%	21.00%
2023	11.31%	-2.32%	7.38%	-0.35%	6.72%	5.53%	4.59%	-1.75%	-5.59%	-3.30%	9.72%	5.50%	42.29%
2022	-11.15%	-2.87%	1.43%	-11.88%	3.26%	-8.89%	11.52%	-7.74%	-8.13%	6.28%	12.61%	-4.79%	-21.84%
2021	5.87%	1.08%	-0.40%	5.00%	2.85%	8.12%	4.70%	5.20%	-3.95%	10.10%	2.66%	1.21%	50.58%
2020	3.27%	-1.81%	-3.41%	13.76%	10.44%	5.41%	5.28%	5.56%	-1.37%	-2.00%	19.00%	0.33%	66.35%
2019	10.18%	7.31%	2.09%	8.26%	-10.24%	5.94%	0.98%	0.95%	0.92%	5.17%	6.55%	3.40%	48.11%
2018												-3.52%	-3.52%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

BTM8 has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BTM8 is 3, meaning it’s performing worse than 97% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
MRK Merck & Co., Inc.	-1.36	-1.87	0.75	-0.87	-1.52
MRNA Moderna, Inc.	-1.19	-2.66	0.69	-0.86	-1.25
MRVL Marvell Technology Group Ltd.	-0.15	0.10	1.01	-0.31	-0.69
MS Morgan Stanley	1.04	1.59	1.23	1.24	3.87
MSFT Microsoft Corporation	0.48	0.66	1.09	0.36	0.79
MU Micron Technology, Inc.	-0.33	-0.18	0.98	-0.43	-0.70
NEE NextEra Energy, Inc.	-0.31	-0.04	0.99	-0.21	-0.40
NFLX Netflix, Inc.	2.80	3.42	1.46	4.50	14.74
NOW ServiceNow, Inc.	1.30	1.47	1.21	1.00	2.76
NTES NetEase, Inc.	1.03	1.69	1.21	1.09	3.76
NVDA NVIDIA Corporation	0.43	0.86	1.11	0.53	1.30
NVO Novo Nordisk A/S	-1.05	-1.42	0.82	-0.74	-1.29
NVS Novartis AG	0.87	1.51	1.21	1.09	2.33
NXPI NXP Semiconductors N.V.	-0.59	-0.66	0.92	-0.61	-1.21
ODFL Old Dominion Freight Line, Inc.	-0.21	0.05	1.01	-0.17	-0.34

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.

BTM8 Sharpe ratios as of Jun 2, 2025 (values are recalculated daily):

1-Year: -0.09
5-Year: 0.93
All Time: 1.10

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 0.59 to 1.13, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of BTM8 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

BTM8 provided a 1.56% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	1.56%	1.41%	1.30%	1.37%	1.05%	1.06%	1.27%	1.33%	1.19%	1.44%	1.34%	1.35%
Portfolio components:
MRK Merck & Co., Inc.	4.14%	3.14%	2.72%	2.52%	3.41%	3.03%	2.48%	2.60%	3.36%	3.14%	3.43%	3.12%
MRNA Moderna, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MRVL Marvell Technology Group Ltd.	0.39%	0.22%	0.40%	0.65%	0.21%	0.50%	0.90%	1.48%	1.12%	1.73%	2.72%	1.66%
MS Morgan Stanley	2.88%	2.82%	3.49%	3.47%	2.14%	2.04%	2.54%	2.77%	1.72%	1.66%	1.73%	0.90%
MSFT Microsoft Corporation	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%	2.48%
MU Micron Technology, Inc.	0.47%	0.55%	0.54%	0.89%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NEE NextEra Energy, Inc.	3.82%	2.87%	3.08%	2.03%	1.65%	1.81%	2.06%	2.55%	2.52%	2.91%	2.96%	2.73%
NFLX Netflix, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NOW ServiceNow, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NTES NetEase, Inc.	2.65%	2.74%	1.88%	2.10%	0.81%	0.97%	3.20%	0.71%	1.05%	1.36%	0.98%	2.50%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%	1.70%
NVO Novo Nordisk A/S	2.21%	1.68%	1.00%	1.20%	1.34%	1.86%	2.14%	2.47%	2.12%	3.93%	1.31%	1.96%
NVS Novartis AG	3.42%	3.88%	3.44%	3.91%	4.08%	3.40%	2.87%	3.72%	3.50%	4.06%	3.51%	3.14%
NXPI NXP Semiconductors N.V.	2.10%	1.95%	1.77%	2.14%	0.99%	0.94%	0.98%	0.68%	0.00%	0.00%	0.00%	0.00%
ODFL Old Dominion Freight Line, Inc.	0.66%	0.59%	0.39%	0.42%	0.22%	0.31%	0.36%	0.74%	0.30%	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 BTM8. 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 BTM8 was 33.60%, occurring on Oct 14, 2022. Recovery took 165 trading sessions.

The current BTM8 drawdown is 8.24%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-33.6%	Dec 8, 2021	215	Oct 14, 2022	165	Jun 13, 2023	380
-25.68%	Dec 5, 2024	84	Apr 8, 2025	—	—	—
-24.65%	Feb 20, 2020	18	Mar 16, 2020	29	Apr 27, 2020	47
-12.93%	Jul 17, 2024	16	Aug 7, 2024	83	Dec 4, 2024	99
-12.77%	Feb 16, 2021	15	Mar 8, 2021	58	May 28, 2021	73

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 15.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

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

	^GSPC	MRK	NEE	MRNA	NVS	NTES	NVO	ODFL	NFLX	MS	MU	NOW	MRVL	NXPI	NVDA	MSFT	Portfolio
^GSPC	1.00	0.28	0.40	0.30	0.36	0.36	0.35	0.59	0.53	0.67	0.63	0.64	0.66	0.70	0.68	0.77	0.85
MRK	0.28	1.00	0.26	0.12	0.46	0.06	0.33	0.17	0.09	0.17	0.06	0.13	0.05	0.10	0.05	0.20	0.23
NEE	0.40	0.26	1.00	0.17	0.34	0.13	0.23	0.22	0.17	0.22	0.12	0.23	0.16	0.19	0.16	0.28	0.33
MRNA	0.30	0.12	0.17	1.00	0.19	0.17	0.19	0.19	0.22	0.20	0.24	0.27	0.25	0.27	0.27	0.26	0.52
NVS	0.36	0.46	0.34	0.19	1.00	0.18	0.40	0.23	0.16	0.23	0.14	0.21	0.14	0.21	0.16	0.26	0.36
NTES	0.36	0.06	0.13	0.17	0.18	1.00	0.17	0.21	0.30	0.24	0.28	0.31	0.36	0.34	0.31	0.34	0.48
NVO	0.35	0.33	0.23	0.19	0.40	0.17	1.00	0.23	0.22	0.17	0.19	0.33	0.20	0.22	0.27	0.33	0.42
ODFL	0.59	0.17	0.22	0.19	0.23	0.21	0.23	1.00	0.32	0.44	0.40	0.39	0.41	0.48	0.40	0.41	0.56
NFLX	0.53	0.09	0.17	0.22	0.16	0.30	0.22	0.32	1.00	0.28	0.37	0.55	0.43	0.37	0.52	0.53	0.60
MS	0.67	0.17	0.22	0.20	0.23	0.24	0.17	0.44	0.28	1.00	0.47	0.33	0.45	0.52	0.41	0.39	0.56
MU	0.63	0.06	0.12	0.24	0.14	0.28	0.19	0.40	0.37	0.47	1.00	0.43	0.64	0.66	0.63	0.49	0.70
NOW	0.64	0.13	0.23	0.27	0.21	0.31	0.33	0.39	0.55	0.33	0.43	1.00	0.54	0.47	0.59	0.67	0.71
MRVL	0.66	0.05	0.16	0.25	0.14	0.36	0.20	0.41	0.43	0.45	0.64	0.54	1.00	0.68	0.70	0.57	0.76
NXPI	0.70	0.10	0.19	0.27	0.21	0.34	0.22	0.48	0.37	0.52	0.66	0.47	0.68	1.00	0.60	0.53	0.74
NVDA	0.68	0.05	0.16	0.27	0.16	0.31	0.27	0.40	0.52	0.41	0.63	0.59	0.70	0.60	1.00	0.65	0.78
MSFT	0.77	0.20	0.28	0.26	0.26	0.34	0.33	0.41	0.53	0.39	0.49	0.67	0.57	0.53	0.65	1.00	0.74
Portfolio	0.85	0.23	0.33	0.52	0.36	0.48	0.42	0.56	0.60	0.56	0.70	0.71	0.76	0.74	0.78	0.74	1.00

The correlation results are calculated based on daily price changes starting from Dec 10, 2018

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

BTM8

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

Community