Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
AQN.TO Algonquin Power & Utilities Corp. | Utilities | 4.34% |
CNQ.TO Canadian Natural Resources Limited | Energy | 17.76% |
TTP.TO TD Canadian Equity Index ETF | Canada Equities | 12.96% |
TXF.TO CI Tech Giants Covered Call Common | Technology Equities, Derivative Income | 12.74% |
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | Europe Equities | 26% |
ZEB.TO BMO Equal Weight Banks Index ETF | Financials Equities | 26.20% |
Performance
Performance Chart
The chart shows the growth of an initial investment of CA$10,000 in CAROLS Dolla, 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 never rebalanced.
Loading graphics...
The earliest data available for this chart is Mar 30, 2016, corresponding to the inception date of TTP.TO
Returns By Period
As of Apr 4, 2026, the CAROLS Dolla returned 10.42% Year-To-Date and 14.49% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.44% | -2.24% | -2.46% | -2.17% | 20.45% | 18.24% | 12.68% | 12.98% |
Portfolio CAROLS Dolla | 0.85% | 1.02% | 10.42% | 17.51% | 45.81% | 21.84% | 16.96% | 14.49% |
| Portfolio components: | ||||||||
AQN.TO Algonquin Power & Utilities Corp. | -0.12% | -8.18% | 3.57% | 9.33% | 25.98% | -2.82% | -10.23% | 3.05% |
CNQ.TO Canadian Natural Resources Limited | 2.34% | 10.81% | 43.58% | 52.30% | 65.10% | 24.33% | 33.76% | 20.32% |
ZEB.TO BMO Equal Weight Banks Index ETF | 0.28% | -2.55% | 3.56% | 15.24% | 55.03% | 25.85% | 17.17% | 14.78% |
TTP.TO TD Canadian Equity Index ETF | 0.42% | -2.34% | 4.89% | 9.86% | 39.30% | 21.02% | 15.07% | 12.71% |
TXF.TO CI Tech Giants Covered Call Common | 0.42% | -2.65% | -5.96% | -1.05% | 38.17% | 22.73% | 11.58% | 16.30% |
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | 0.02% | -1.48% | 1.49% | 3.54% | 21.55% | 15.76% | 11.01% | 9.54% |
Monthly Returns
Based on dividend-adjusted daily data since Mar 31, 2016, CAROLS Dolla's average daily return is +0.06%, while the average monthly return is +1.19%. At this rate, your investment would double in approximately 4.9 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +15.2%, while the worst month was Mar 2020 at -18.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CAROLS Dolla closed higher 56% of trading days. The best single day was Mar 13, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.90% | 6.78% | 0.16% | 0.33% | 10.42% | ||||||||
| 2025 | 2.73% | -2.44% | -0.35% | -2.16% | 6.47% | 4.16% | 1.36% | 2.87% | 5.07% | 2.66% | 2.58% | 2.22% | 27.82% |
| 2024 | 0.00% | 4.94% | 6.02% | -1.93% | 2.50% | -1.75% | 2.70% | 0.66% | 0.70% | 0.63% | 2.64% | -2.73% | 14.92% |
| 2023 | 8.52% | -1.69% | 0.01% | 4.30% | -4.47% | 3.09% | 4.47% | 0.07% | -2.48% | -2.28% | 7.29% | 3.47% | 21.22% |
| 2022 | 2.71% | 0.23% | 2.48% | -4.51% | 1.97% | -11.06% | 4.15% | -1.79% | -6.87% | 10.50% | 2.67% | -4.93% | -6.13% |
| 2021 | -0.65% | 5.55% | 4.81% | 1.75% | 4.42% | 2.89% | -0.02% | 1.88% | -0.95% | 5.75% | -0.75% | 3.62% | 31.84% |
Benchmark Metrics
CAROLS Dolla has an annualized alpha of 4.84%, beta of 0.75, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since March 31, 2016.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (81.03%) than losses (62.76%) — typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 4.84% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.84%
- Beta
- 0.75
- R²
- 0.55
- Upside Capture
- 81.03%
- Downside Capture
- 62.76%
Expense Ratio
CAROLS Dolla has an expense ratio of 0.22%, 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
CAROLS Dolla ranks 93 for risk / return — in the top 93% 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 | 2.57 | 0.75 | +1.82 |
Sortino ratioReturn per unit of downside risk | 3.28 | 1.13 | +2.14 |
Omega ratioGain probability vs. loss probability | 1.57 | 1.18 | +0.39 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 1.15 | +1.93 |
Martin ratioReturn relative to average drawdown | 18.71 | 4.19 | +14.52 |
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 | |
|---|---|---|---|---|---|---|
AQN.TO Algonquin Power & Utilities Corp. | 65 | 0.64 | 1.25 | 1.18 | 1.75 | 3.78 |
CNQ.TO Canadian Natural Resources Limited | 83 | 1.75 | 2.28 | 1.31 | 2.69 | 8.70 |
ZEB.TO BMO Equal Weight Banks Index ETF | 98 | 3.95 | 5.04 | 1.77 | 6.46 | 24.68 |
TTP.TO TD Canadian Equity Index ETF | 91 | 2.23 | 2.83 | 1.45 | 3.23 | 14.31 |
TXF.TO CI Tech Giants Covered Call Common | 60 | 1.12 | 1.67 | 1.24 | 1.99 | 6.72 |
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | 52 | 1.11 | 1.55 | 1.22 | 1.45 | 5.59 |
Loading graphics...
Dividends
Dividend yield
CAROLS Dolla provided a 3.87% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.87% | 4.15% | 4.61% | 4.40% | 5.78% | 3.71% | 4.62% | 3.94% | 4.36% | 2.90% | 3.06% | 3.13% |
| Portfolio components: | ||||||||||||
AQN.TO Algonquin Power & Utilities Corp. | 4.15% | 4.29% | 8.50% | 6.95% | 10.66% | 5.52% | 3.89% | 3.96% | 4.83% | 4.28% | 4.82% | 4.49% |
CNQ.TO Canadian Natural Resources Limited | 3.61% | 5.06% | 4.82% | 4.26% | 6.12% | 3.66% | 5.44% | 3.50% | 3.98% | 2.40% | 2.15% | 3.02% |
ZEB.TO BMO Equal Weight Banks Index ETF | 2.90% | 2.95% | 3.98% | 4.75% | 4.29% | 3.13% | 4.15% | 3.65% | 3.64% | 3.02% | 3.19% | 3.70% |
TTP.TO TD Canadian Equity Index ETF | 1.99% | 2.06% | 2.56% | 2.91% | 3.68% | 1.86% | 2.84% | 2.09% | 2.89% | 2.32% | 1.85% | 0.00% |
TXF.TO CI Tech Giants Covered Call Common | 10.77% | 10.59% | 9.76% | 7.48% | 14.13% | 7.77% | 11.01% | 7.29% | 9.29% | 4.89% | 6.16% | 6.15% |
VE.TO Vanguard FTSE Developed Europe All Cap Index ETF | 2.54% | 2.58% | 2.97% | 2.97% | 3.20% | 2.97% | 2.41% | 3.79% | 3.57% | 2.22% | 2.33% | 2.47% |
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.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the CAROLS Dolla. 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 CAROLS Dolla was 39.56%, occurring on Mar 23, 2020. Recovery took 173 trading sessions.
The current CAROLS Dolla drawdown is 0.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.56% | Feb 20, 2020 | 23 | Mar 23, 2020 | 173 | Nov 27, 2020 | 196 |
| -19.45% | Mar 30, 2022 | 125 | Sep 27, 2022 | 210 | Jul 28, 2023 | 335 |
| -18.39% | Jul 11, 2018 | 116 | Dec 24, 2018 | 81 | Apr 23, 2019 | 197 |
| -15.6% | Oct 15, 2024 | 122 | Apr 8, 2025 | 24 | May 13, 2025 | 146 |
| -9.09% | Jan 23, 2018 | 13 | Feb 8, 2018 | 68 | May 17, 2018 | 81 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 6 assets, with an effective number of assets of 4.93, 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 | AQN.TO | CNQ.TO | TXF.TO | VE.TO | ZEB.TO | TTP.TO | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.22 | 0.23 | 0.75 | 0.60 | 0.48 | 0.52 | 0.62 |
| AQN.TO | 0.22 | 1.00 | 0.07 | 0.18 | 0.24 | 0.20 | 0.29 | 0.26 |
| CNQ.TO | 0.23 | 0.07 | 1.00 | 0.24 | 0.26 | 0.38 | 0.47 | 0.74 |
| TXF.TO | 0.75 | 0.18 | 0.24 | 1.00 | 0.53 | 0.43 | 0.53 | 0.65 |
| VE.TO | 0.60 | 0.24 | 0.26 | 0.53 | 1.00 | 0.53 | 0.54 | 0.68 |
| ZEB.TO | 0.48 | 0.20 | 0.38 | 0.43 | 0.53 | 1.00 | 0.66 | 0.73 |
| TTP.TO | 0.52 | 0.29 | 0.47 | 0.53 | 0.54 | 0.66 | 1.00 | 0.77 |
| Portfolio | 0.62 | 0.26 | 0.74 | 0.65 | 0.68 | 0.73 | 0.77 | 1.00 |