Asset Allocation
Find the right asset allocation for Core: Income + Growth — USA version
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 Core: Income + Growth — USA version, 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 6, 2026, the Core: Income + Growth — USA version returned 7.95% Year-To-Date and 13.43% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio Core: Income + Growth — USA version | 0.44% | -0.61% | 7.95% | 8.87% | 20.87% | 18.87% | 10.92% | 13.43% |
| Portfolio components: | ||||||||
BRK-B Berkshire Hathaway Inc. | -0.23% | 2.32% | -3.11% | -2.06% | -1.32% | 13.25% | 11.03% | 13.14% |
GLD SPDR Gold Shares | 0.26% | -8.41% | 0.24% | 3.07% | 30.18% | 29.71% | 17.55% | 12.56% |
IEFA iShares Core MSCI EAFE ETF | 0.63% | -1.17% | 7.49% | 10.04% | 19.61% | 16.13% | 7.82% | 9.37% |
IJR iShares Core S&P Small-Cap ETF | 0.65% | 0.17% | 15.49% | 15.12% | 30.47% | 13.78% | 5.37% | 10.61% |
QQQ Invesco QQQ ETF | 1.56% | 0.68% | 16.71% | 15.00% | 35.78% | 27.15% | 16.98% | 21.59% |
USMV iShares MSCI USA Min Vol Factor ETF | -0.43% | 1.28% | 1.55% | 2.27% | 3.18% | 11.35% | 7.21% | 9.75% |
XIU.TO iShares S&P/TSX 60 Index ETF | 0.04% | 0.31% | 7.79% | 10.88% | 28.64% | 20.84% | 11.17% | 11.74% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | -1.34% | -2.55% | -0.90% | 0.33% | -0.56% | 1.08% | -4.72% | -0.33% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | -0.39% | -1.34% | 8.82% | 13.36% | 10.11% | 4.08% | -1.06% | 3.85% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 25, 2012, Core: Income + Growth — USA version's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 69% of months were positive and 31% were negative. The best month was Apr 2020 with a return of +10.3%, while the worst month was Mar 2020 at -11.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.
On a daily basis, Core: Income + Growth — USA version closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +7.5%, while the worst single day was Mar 12, 2020 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.72% | 2.25% | -6.02% | 7.11% | 4.15% | -1.97% | 7.95% | ||||||
| 2025 | 2.85% | 0.94% | -1.15% | 1.66% | 3.90% | 2.77% | -0.18% | 3.14% | 3.73% | 1.10% | 1.52% | 0.40% | 22.60% |
| 2024 | 0.46% | 2.71% | 2.80% | -3.66% | 4.05% | 1.57% | 3.07% | 3.32% | 2.01% | -2.11% | 3.86% | -3.31% | 15.34% |
| 2023 | 7.47% | -2.48% | 4.20% | 1.60% | 0.20% | 4.72% | 2.52% | -1.92% | -4.34% | -2.14% | 8.42% | 5.35% | 25.17% |
| 2022 | -4.66% | -0.99% | 3.86% | -8.77% | -0.67% | -8.00% | 7.58% | -4.99% | -8.16% | 4.65% | 6.99% | -4.49% | -17.95% |
| 2021 | -0.93% | 1.15% | 2.47% | 4.85% | 2.49% | 0.82% | 1.84% | 1.78% | -4.37% | 5.70% | -1.51% | 3.70% | 19.03% |
Benchmark Metrics
Core: Income + Growth — USA version has an annualized alpha of 2.26%, beta of 0.72, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since October 25, 2012.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (81.87%) than losses (80.99%) - typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 2.26% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.26%
- Beta
- 0.72
- R²
- 0.91
- Upside Capture
- 81.87%
- Downside Capture
- 80.99%
Expense Ratio
Core: Income + Growth — USA version has an expense ratio of 0.19%, 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
Core: Income + Growth — USA version ranks 32 for risk / return — below 32% 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 Core: Income + Growth — USA version and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 2.02 | 1.94 | +0.08 |
| Sortino ratioReturn per unit of downside risk | 2.73 | 2.63 | +0.10 |
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.59 | -0.07 |
| Martin ratioReturn relative to average drawdown | 11.54 | 11.84 | -0.30 |
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.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
BRK-B Berkshire Hathaway Inc. | 35 | -0.09 | -0.03 | 1.00 | -0.14 | -0.30 |
GLD SPDR Gold Shares | 33 | 1.13 | 1.51 | 1.23 | 1.51 | 3.78 |
IEFA iShares Core MSCI EAFE ETF | 40 | 1.30 | 1.88 | 1.24 | 1.71 | 6.52 |
IJR iShares Core S&P Small-Cap ETF | 63 | 1.74 | 2.53 | 1.30 | 3.52 | 11.72 |
QQQ Invesco QQQ ETF | 69 | 2.15 | 2.77 | 1.38 | 3.00 | 11.43 |
USMV iShares MSCI USA Min Vol Factor ETF | 15 | 0.37 | 0.58 | 1.07 | 0.49 | 1.64 |
XIU.TO iShares S&P/TSX 60 Index ETF | 78 | 2.25 | 3.03 | 1.40 | 3.55 | 15.31 |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 8 | -0.06 | -0.03 | 1.00 | -0.10 | -0.22 |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 25 | 0.81 | 1.24 | 1.14 | 1.20 | 2.93 |
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Dividends
Dividend yield
Core: Income + Growth — USA version provided a 1.51% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.51% | 1.61% | 1.74% | 1.67% | 1.69% | 1.34% | 1.41% | 1.65% | 1.83% | 1.59% | 1.79% | 1.80% |
| Portfolio components: | ||||||||||||
BRK-B Berkshire Hathaway 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% |
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% |
IEFA iShares Core MSCI EAFE ETF | 3.30% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
IJR iShares Core S&P Small-Cap ETF | 1.15% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
QQQ Invesco QQQ ETF | 0.39% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
USMV iShares MSCI USA Min Vol Factor ETF | 1.54% | 1.49% | 1.67% | 1.82% | 1.62% | 1.26% | 1.81% | 1.88% | 2.12% | 1.77% | 2.22% | 2.02% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.21% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 4.08% | 4.05% | 3.82% | 3.73% | 3.97% | 3.03% | 2.90% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% |
XRE.TO iShares S&P/TSX Capped REIT Index ETF | 4.44% | 5.00% | 5.55% | 4.52% | 4.85% | 2.62% | 4.50% | 4.88% | 4.86% | 4.77% | 5.27% | 5.66% |
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 Core: Income + Growth — USA version. 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 Core: Income + Growth — USA version was 28.78%, occurring on Mar 23, 2020. Recovery took 91 trading sessions.
The current Core: Income + Growth — USA version drawdown is 2.51%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -28.78%Mar 2020 | 1mo 2d | 4mo 8d | 5mo 10dFeb 2020 - Jul 2020 |
Bear market2022 | -24.51%Oct 2022 | 9mo 11d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2016 correction2016 | -14.58%Jan 2016 | 8mo 6d | 4mo 20d | 1y 21dMay 2015 - Jun 2016 |
Rate-hike selloffLate 2018 | -14.42%Dec 2018 | 3mo 4d | 2mo 27d | 6mo 1dSep 2018 - Mar 2019 |
2025 selloff2025 | -11.38%Apr 2025 | 1mo 18d | 1mo 4d | 2mo 22dFeb 2025 - May 2025 |
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 9 assets, with an effective number of assets of 6.45, 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 | 3Y | 5Y | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.50 | 1.42 | 1.36 | 1.33 | 1.35 |
The portfolio has a diversification ratio of 1.35, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Core: Income + Growth — USA version correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2012 | 0.93 |
Benchmark Correlations
Correlation vs. S&P 500 Index. QQQ has the highest benchmark correlation at 0.91, while XLB.TO has the lowest at -0.06.
Asset Correlations Table
| GLD | XLB.TO | XRE.TO | BRK-B | XIU.TO | QQQ | IJR | USMV | IEFA | |
|---|---|---|---|---|---|---|---|---|---|
| GLD | 1.00 | 0.22 | 0.10 | -0.06 | 0.11 | 0.02 | 0.01 | 0.06 | 0.16 |
| XLB.TO | 0.22 | 1.00 | 0.37 | -0.13 | 0.25 | -0.03 | -0.06 | 0.01 | -0.01 |
| XRE.TO | 0.10 | 0.37 | 1.00 | 0.26 | 0.60 | 0.28 | 0.36 | 0.40 | 0.36 |
| BRK-B | -0.06 | -0.13 | 0.26 | 1.00 | 0.44 | 0.47 | 0.61 | 0.66 | 0.57 |
| XIU.TO | 0.11 | 0.25 | 0.60 | 0.44 | 1.00 | 0.50 | 0.57 | 0.52 | 0.59 |
| QQQ | 0.02 | -0.03 | 0.28 | 0.47 | 0.50 | 1.00 | 0.66 | 0.68 | 0.69 |
| IJR | 0.01 | -0.06 | 0.36 | 0.61 | 0.57 | 0.66 | 1.00 | 0.68 | 0.70 |
| USMV | 0.06 | 0.01 | 0.40 | 0.66 | 0.52 | 0.68 | 0.68 | 1.00 | 0.69 |
| IEFA | 0.16 | -0.01 | 0.36 | 0.57 | 0.59 | 0.69 | 0.70 | 0.69 | 1.00 |
Find what Core: Income + Growth — USA version is missing
See which holdings overlap, where Core: Income + Growth — USA version is concentrated, and which low-correlation assets could fill the gaps.
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