4/2025

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

4/2025

Currency in USD · Last updated Jun 3, 2025

Recession-proof

Asset Allocation

Position	Category/Sector	Target Weight
BCE BCE Inc.	Communication Services	6.67%
CB Chubb Limited	Financial Services	6.67%
CHE Chemed Corporation	Healthcare	6.67%
CVX Chevron Corporation	Energy	6.67%
DGX Quest Diagnostics Incorporated	Healthcare	6.67%
EOG EOG Resources, Inc.	Energy	6.67%
HCA HCA Healthcare, Inc.	Healthcare	6.67%
LHX L3Harris Technologies, Inc.	Industrials	6.67%
LMT Lockheed Martin Corporation	Industrials	6.67%
MKL Markel Corporation	Financial Services	6.67%
NOC Northrop Grumman Corporation	Industrials	6.67%
T AT&T Inc.	Communication Services	6.67%
TRV The Travelers Companies, Inc.	Financial Services	6.67%
VZ Verizon Communications Inc.	Communication Services	6.67%
XOM Exxon Mobil Corporation	Energy	6.67%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Mar 10, 2011, corresponding to the inception date of HCA

Returns By Period

As of Jun 3, 2025, the 4/2025 returned 9.28% Year-To-Date and 12.15% of annualized return in the last 10 years.

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	1.51%	4.99%	-1.31%	13.00%	13.92%	11.05%
4/2025	9.34%	2.52%	1.75%	11.42%	13.84%	12.16%
Portfolio components:
VZ Verizon Communications Inc.	13.40%	0.21%	3.46%	14.22%	0.45%	4.49%
T AT&T Inc.	25.70%	1.27%	20.57%	63.37%	10.84%	8.29%
BCE BCE Inc.	-2.56%	2.28%	-14.93%	-29.44%	-6.62%	-1.01%
TRV The Travelers Companies, Inc.	15.07%	3.24%	6.82%	33.58%	21.14%	13.28%
CB Chubb Limited	7.62%	3.17%	4.22%	12.63%	19.12%	13.16%
MKL Markel Corporation	13.41%	4.30%	12.20%	20.03%	14.81%	9.64%
HCA HCA Healthcare, Inc.	27.91%	10.08%	17.63%	16.06%	30.11%	17.56%
DGX Quest Diagnostics Incorporated	16.20%	-2.45%	8.25%	25.51%	10.01%	11.20%
CHE Chemed Corporation	7.48%	-1.14%	0.45%	3.84%	5.00%	16.71%
LMT Lockheed Martin Corporation	0.23%	2.26%	-5.79%	5.40%	6.38%	12.73%
NOC Northrop Grumman Corporation	5.00%	-0.18%	1.56%	10.56%	9.59%	13.83%
LHX L3Harris Technologies, Inc.	16.86%	11.22%	2.45%	10.04%	6.19%	14.20%
XOM Exxon Mobil Corporation	-1.74%	-1.37%	-10.18%	-6.14%	21.56%	6.68%
CVX Chevron Corporation	-1.40%	1.99%	-11.80%	-7.35%	12.53%	7.76%
EOG EOG Resources, Inc.	-6.46%	1.77%	-13.00%	-2.80%	20.79%	5.21%

*Annualized

Monthly Returns

The table below presents the monthly returns of 4/2025, 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	2.98%	3.13%	3.68%	-3.28%	2.05%	0.60%							9.34%
2024	2.80%	0.45%	4.44%	-1.88%	2.90%	-2.07%	5.46%	3.44%	1.86%	-2.27%	2.48%	-7.62%	9.64%
2023	1.66%	-4.51%	-0.24%	2.82%	-7.40%	5.35%	-0.93%	-0.90%	-1.46%	1.59%	3.72%	1.86%	0.86%
2022	2.98%	5.15%	4.57%	-3.64%	6.35%	-6.83%	1.95%	-2.62%	-7.33%	17.25%	3.59%	-1.66%	18.78%
2021	-1.79%	6.16%	7.01%	3.89%	2.47%	-0.92%	1.09%	1.47%	-1.28%	4.85%	-5.14%	7.18%	27.03%
2020	-0.43%	-8.84%	-16.06%	11.83%	3.78%	-2.96%	4.13%	1.52%	-6.96%	-1.13%	12.04%	3.03%	-3.68%
2019	7.49%	3.40%	0.06%	3.00%	-1.23%	6.37%	1.43%	0.62%	2.11%	-2.55%	1.69%	2.48%	27.37%
2018	6.15%	-5.15%	0.32%	0.72%	0.49%	-0.46%	5.09%	-0.06%	2.46%	-7.94%	3.21%	-8.93%	-5.23%
2017	-0.28%	3.47%	-0.02%	0.50%	1.02%	0.23%	2.62%	-0.96%	3.21%	1.15%	4.63%	1.54%	18.32%
2016	-0.77%	-0.10%	6.56%	2.43%	1.34%	4.56%	0.32%	-1.24%	0.86%	-2.02%	5.18%	2.68%	21.25%
2015	-2.05%	5.21%	0.54%	-0.17%	0.57%	-0.55%	3.16%	-5.09%	-2.34%	9.36%	0.40%	-1.52%	6.96%
2014	-3.09%	4.55%	2.96%	1.34%	2.83%	1.56%	0.84%	2.90%	-2.11%	2.99%	0.81%	0.43%	16.93%

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

Expense Ratio

4/2025 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 4/2025 is 55, indicating average performance compared to other portfolios on our website. Here’s 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
VZ Verizon Communications Inc.	0.64	1.04	1.15	0.74	2.84
T AT&T Inc.	2.76	3.46	1.50	4.05	22.64
BCE BCE Inc.	-1.21	-1.51	0.80	-0.50	-1.16
TRV The Travelers Companies, Inc.	1.32	1.76	1.25	2.58	6.44
CB Chubb Limited	0.62	1.00	1.13	0.92	2.29
MKL Markel Corporation	0.85	1.47	1.20	1.12	3.08
HCA HCA Healthcare, Inc.	0.57	0.86	1.12	0.54	0.97
DGX Quest Diagnostics Incorporated	1.16	1.94	1.24	1.64	7.52
CHE Chemed Corporation	0.16	0.37	1.06	0.20	0.58
LMT Lockheed Martin Corporation	0.23	0.57	1.09	0.25	0.46
NOC Northrop Grumman Corporation	0.42	0.73	1.11	0.54	1.31
LHX L3Harris Technologies, Inc.	0.46	1.03	1.13	0.53	1.06
XOM Exxon Mobil Corporation	-0.26	-0.17	0.98	-0.30	-0.64
CVX Chevron Corporation	-0.30	-0.25	0.97	-0.36	-0.83
EOG EOG Resources, Inc.	-0.10	-0.04	0.99	-0.21	-0.52

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.

4/2025 Sharpe ratios as of Jun 3, 2025 (values are recalculated daily):

1-Year: 0.82
5-Year: 0.90
10-Year: 0.72
All Time: 0.84

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 1.14, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of 4/2025 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

4/2025 provided a 3.17% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	3.17%	3.20%	3.10%	3.07%	3.23%	3.36%	2.60%	2.98%	2.32%	2.36%	2.69%	2.57%
Portfolio components:
VZ Verizon Communications Inc.	6.16%	6.68%	6.96%	6.53%	4.86%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%	4.57%
T AT&T Inc.	3.98%	4.88%	6.63%	7.35%	11.19%	9.58%	6.91%	9.28%	6.67%	5.98%	7.23%	7.25%
BCE BCE Inc.	13.09%	12.58%	7.28%	6.43%	5.33%	5.76%	5.16%	5.84%	4.63%	4.83%	5.19%	4.84%
TRV The Travelers Companies, Inc.	1.52%	1.72%	2.06%	1.96%	2.23%	2.40%	2.36%	2.53%	2.09%	2.14%	2.11%	2.03%
CB Chubb Limited	1.23%	1.30%	1.51%	1.49%	1.65%	2.01%	1.91%	2.24%	1.93%	2.07%	2.28%	2.79%
MKL Markel Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HCA HCA Healthcare, Inc.	0.70%	0.88%	0.89%	0.93%	0.75%	0.47%	1.08%	1.12%	0.00%	0.00%	0.00%	0.00%
DGX Quest Diagnostics Incorporated	1.76%	1.96%	2.02%	2.08%	1.40%	1.85%	1.99%	2.34%	1.83%	1.72%	2.07%	1.92%
CHE Chemed Corporation	0.35%	0.34%	0.27%	0.29%	0.26%	0.25%	0.28%	0.41%	0.44%	0.62%	0.61%	0.79%
LMT Lockheed Martin Corporation	2.72%	2.62%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%	2.85%
NOC Northrop Grumman Corporation	1.74%	1.72%	1.57%	1.24%	1.59%	1.86%	1.50%	1.92%	1.27%	1.50%	1.64%	1.84%
LHX L3Harris Technologies, Inc.	2.42%	2.21%	2.17%	2.15%	1.91%	1.80%	1.45%	1.86%	1.55%	2.01%	2.23%	2.48%
XOM Exxon Mobil Corporation	3.78%	3.57%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%	2.92%
CVX Chevron Corporation	4.79%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%	3.75%
EOG EOG Resources, Inc.	3.34%	2.97%	4.80%	6.79%	4.07%	2.83%	1.21%	0.87%	0.62%	0.66%	0.95%	0.56%

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 4/2025. 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 4/2025 was 37.04%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.

The current 4/2025 drawdown is 1.18%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-37.04%	Feb 20, 2020	23	Mar 23, 2020	233	Feb 24, 2021	256
-19.24%	May 2, 2011	108	Oct 3, 2011	87	Feb 7, 2012	195
-18.79%	Oct 10, 2018	52	Dec 24, 2018	100	May 20, 2019	152
-16.06%	Jun 8, 2022	80	Sep 30, 2022	29	Nov 10, 2022	109
-10.65%	Oct 21, 2024	43	Dec 19, 2024	—	—	—

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	CHE	DGX	HCA	BCE	VZ	EOG	T	LMT	NOC	MKL	LHX	XOM	CVX	CB	TRV	Portfolio
^GSPC	1.00	0.48	0.45	0.48	0.43	0.39	0.47	0.45	0.44	0.44	0.52	0.51	0.52	0.54	0.54	0.54	0.73
CHE	0.48	1.00	0.40	0.38	0.24	0.24	0.19	0.24	0.29	0.31	0.33	0.33	0.21	0.22	0.34	0.32	0.50
DGX	0.45	0.40	1.00	0.41	0.29	0.30	0.20	0.30	0.29	0.29	0.34	0.30	0.25	0.26	0.34	0.35	0.52
HCA	0.48	0.38	0.41	1.00	0.27	0.26	0.29	0.29	0.29	0.29	0.33	0.31	0.32	0.32	0.35	0.35	0.57
BCE	0.43	0.24	0.29	0.27	1.00	0.41	0.29	0.42	0.30	0.30	0.32	0.33	0.35	0.36	0.33	0.34	0.53
VZ	0.39	0.24	0.30	0.26	0.41	1.00	0.21	0.69	0.30	0.30	0.31	0.29	0.31	0.32	0.38	0.38	0.53
EOG	0.47	0.19	0.20	0.29	0.29	0.21	1.00	0.27	0.29	0.29	0.29	0.35	0.70	0.72	0.32	0.34	0.63
T	0.45	0.24	0.30	0.29	0.42	0.69	0.27	1.00	0.31	0.32	0.36	0.32	0.38	0.36	0.42	0.42	0.59
LMT	0.44	0.29	0.29	0.29	0.30	0.30	0.29	0.31	1.00	0.75	0.38	0.60	0.34	0.34	0.41	0.43	0.62
NOC	0.44	0.31	0.29	0.29	0.30	0.30	0.29	0.32	0.75	1.00	0.38	0.61	0.33	0.33	0.43	0.43	0.63
MKL	0.52	0.33	0.34	0.33	0.32	0.31	0.29	0.36	0.38	0.38	1.00	0.38	0.36	0.36	0.61	0.58	0.63
LHX	0.51	0.33	0.30	0.31	0.33	0.29	0.35	0.32	0.60	0.61	0.38	1.00	0.36	0.39	0.43	0.42	0.65
XOM	0.52	0.21	0.25	0.32	0.35	0.31	0.70	0.38	0.34	0.33	0.36	0.36	1.00	0.82	0.42	0.42	0.70
CVX	0.54	0.22	0.26	0.32	0.36	0.32	0.72	0.36	0.34	0.33	0.36	0.39	0.82	1.00	0.41	0.43	0.70
CB	0.54	0.34	0.34	0.35	0.33	0.38	0.32	0.42	0.41	0.43	0.61	0.43	0.42	0.41	1.00	0.80	0.69
TRV	0.54	0.32	0.35	0.35	0.34	0.38	0.34	0.42	0.43	0.43	0.58	0.42	0.42	0.43	0.80	1.00	0.69
Portfolio	0.73	0.50	0.52	0.57	0.53	0.53	0.63	0.59	0.62	0.63	0.63	0.65	0.70	0.70	0.69	0.69	1.00

The correlation results are calculated based on daily price changes starting from Mar 11, 2011

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

4/2025

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