My portfolio - Early stage

Asset Allocation

Position	Category/Sector	Target Weight
SPY State Street SPDR S&P 500 ETF	S&P 500	40%
QQQ Invesco QQQ ETF	Nasdaq-100	40%
VCLT Vanguard Long-Term Corporate Bond ETF	Corporate Bonds	18%
AAA Alternative Access First Priority CLO Bond ETF	CLO	2%

Benchmark

S&P 500 Index

Rebalance

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in My portfolio - Early stage, 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

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	-0.19%	-0.76%	7.25%	8.73%	18.21%	17.95%	11.30%	13.09%	8.08%
Portfolio My portfolio - Early stage	-0.14%	-3.19%	8.09%	9.37%	18.70%	17.98%	10.69%	—	13.61%
Portfolio components:
AAA Alternative Access First Priority CLO Bond ETF	-0.06%	0.05%	1.97%	2.03%	4.66%	6.06%	4.64%	—	4.04%
QQQ Invesco QQQ ETF	0.10%	-5.91%	12.30%	13.58%	24.61%	23.54%	14.68%	20.72%	10.70%
SPY State Street SPDR S&P 500 ETF	-0.16%	-0.62%	7.86%	9.40%	19.56%	19.43%	12.81%	14.90%	10.78%
VCLT Vanguard Long-Term Corporate Bond ETF	-0.63%	-2.63%	-1.86%	-1.00%	3.84%	3.06%	-3.06%	1.63%	4.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Sep 9, 2020, My portfolio - Early stage's average daily return is +0.06%, while the average monthly return is +1.16%. At this rate, an investment would double in approximately 5.0 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +10.6%, while the worst month was Apr 2022 at -10.7%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, My portfolio - Early stage closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +9.4%, while the worst single day was Apr 4, 2025 at -4.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.17%	-0.94%	-4.39%	10.60%	6.82%	-0.51%	-2.89%						9.37%
2025	2.03%	-0.97%	-5.50%	-0.03%	6.20%	5.22%	1.86%	1.34%	4.18%	2.90%	-0.41%	-0.49%	16.96%
2024	1.24%	3.76%	2.18%	-4.24%	5.02%	4.08%	0.41%	1.79%	2.40%	-1.48%	5.02%	-1.54%	19.78%
2023	8.18%	-2.16%	6.20%	0.98%	2.82%	5.50%	2.82%	-1.59%	-4.90%	-2.42%	10.02%	5.31%	33.96%
2022	-6.51%	-3.52%	2.74%	-10.74%	-0.22%	-7.67%	9.68%	-4.67%	-9.46%	4.47%	6.21%	-6.34%	-25.03%
2021	-0.80%	0.46%	2.13%	4.78%	-0.10%	4.14%	2.52%	2.81%	-4.56%	6.26%	0.56%	2.17%	21.83%

Benchmark Metrics

My portfolio - Early stage has an annualized alpha of -0.34%, beta of 0.96, and R2 of 0.94 versus S&P 500 Index. Calculated based on daily prices since September 09, 2020.

With beta of 0.96 and R2 of 0.94, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha: -0.34%

Beta: 0.96

R²: 0.94

Upside Capture: 96.68%

Downside Capture: 100.87%

See how alpha, beta & R² have trended over time →

Expense Ratio

My portfolio - Early stage has an expense ratio of 0.12%, 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.

AAA

Alternative Access First Priority CLO Bond ETF

QQQ

Invesco QQQ ETF

SPY

State Street SPDR S&P 500 ETF

VCLT

Vanguard Long-Term Corporate Bond ETF

Return for Risk

Risk / Return Rank

My portfolio - Early stage ranks 38 for risk / return — below 38% 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.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for My portfolio - Early stage and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.44	1.45	-0.02
Sortino ratioReturn per unit of downside risk	2.01	2.03	-0.01
Omega ratioGain probability vs. loss probability	1.26	1.26	-0.01
Calmar ratioReturn relative to maximum drawdown	2.17	2.01	+0.16
Martin ratioReturn relative to average drawdown	8.37	8.68	-0.31

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
AAA Alternative Access First Priority CLO Bond ETF	91	2.02	3.44	1.39	7.77	25.53
QQQ Invesco QQQ ETF	52	1.32	1.83	1.23	2.07	7.22
SPY State Street SPDR S&P 500 ETF	64	1.56	2.17	1.28	2.21	9.59
VCLT Vanguard Long-Term Corporate Bond ETF	20	0.50	0.75	1.09	0.73	1.71

Sharpe Ratio

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. Learn how to interpret the Sharpe ratio.

The current My portfolio - Early stage Sharpe ratio is 1.44 as of Jul 21, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.20 to 1.98, 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 My portfolio - Early stage compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

My portfolio - Early stage provided a 1.70% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.70%	1.70%	1.76%	1.77%	1.84%	1.23%	1.41%	1.68%	2.00%	1.78%	2.02%	2.06%
Portfolio components:
AAA Alternative Access First Priority CLO Bond ETF	4.83%	5.11%	6.17%	6.11%	2.78%	1.06%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
SPY State Street SPDR S&P 500 ETF	1.01%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
VCLT Vanguard Long-Term Corporate Bond ETF	5.69%	5.51%	5.19%	4.67%	4.44%	3.07%	3.16%	3.81%	4.55%	4.01%	4.33%	4.68%

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 My portfolio - Early stage. 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 My portfolio - Early stage was 29.53%, occurring on Oct 14, 2022. Recovery took 301 trading sessions.

The current My portfolio - Early stage drawdown is 4.00%.

Drawdown	Fall	Recovery	Underwater	Related event
-29.53%Oct 2022	9mo 20d	1y 2mo	1y 12moDec 2021 - Dec 2023	Bear market2022
-17.43%Apr 2025	1mo 17d	2mo 17d	4mo 4dFeb 2025 - Jun 2025	2025 selloff2025
-8.65%Mar 2026	2mo	15d	2mo 15dJan 2026 - Apr 2026	—
-8.32%Aug 2024	27d	1mo 13d	2mo 10dJul 2024 - Sep 2024	—
-6.77%Oct 2020	17d	14d	1mo 1dOct 2020 - Nov 2020	—

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 2.83, 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	All Time
Diversification Ratio	1.08	1.09	1.09	1.10

The portfolio has a diversification ratio of 1.10, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

My portfolio - Early stage correlation to the S&P 500 Index

My portfolio - Early stage has a 0.97 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Sep 9, 2020	0.96

Benchmark Correlations

Correlation vs. S&P 500 Index. SPY has the highest benchmark correlation at 1.00, while AAA has the lowest at 0.03.

0.03

0.29

0.92

1.00

Portfolio Correlations

Correlation vs. My portfolio - Early stage. QQQ has the highest portfolio correlation at 0.98, while AAA has the lowest at 0.03.

0.03

0.41

0.96

0.98

Asset Correlations Table

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

	AAA	VCLT	QQQ	SPY
AAA	1.00	0.02	0.02	0.03
VCLT	0.02	1.00	0.29	0.30
QQQ	0.02	0.29	1.00	0.92
SPY	0.03	0.30	0.92	1.00

The correlation results are calculated based on daily price changes starting from Sep 9, 2020

Diversification Analysis

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See which holdings overlap, where My portfolio - Early stage is concentrated, and which low-correlation assets could fill the gaps.

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