Candidate (2/22/25) Fixed

Asset Allocation

Position	Category/Sector	Target Weight
ABBV AbbVie Inc.	Healthcare	4.77%
AVGO Broadcom Inc.	Technology	2.37%
BSX Boston Scientific Corporation	Healthcare	1.75%
CEG Constellation Energy Corp	Utilities	4.25%
GILD Gilead Sciences, Inc.	Healthcare	3.37%
HWM Howmet Aerospace Inc.	Industrials	3.59%
IBM International Business Machines Corporation	Technology	4.28%
LLY Eli Lilly and Company	Healthcare	12.58%
MCK McKesson Corporation	Healthcare	14.04%
MPC Marathon Petroleum Corporation	Energy	2.01%
ORLY O'Reilly Automotive, Inc.	Consumer Cyclical	1.64%
PGR The Progressive Corporation	Financial Services	7.61%
PLTR Palantir Technologies Inc.	Technology	2.70%
PM Philip Morris International Inc.	Consumer Defensive	8.75%
T AT&T Inc.	Communication Services	1.31%
TMUS T-Mobile US, Inc.	Communication Services	7.60%
UBER Uber Technologies, Inc.	Technology	0.02%
VST Vistra Corp.	Utilities	5.21%
WMB The Williams Companies, Inc.	Energy	0.32%
WMT Walmart Inc.	Consumer Defensive	11.56%
XOM Exxon Mobil Corporation	Energy	0.25%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Candidate (2/22/25) Fixed, 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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The earliest data available for this chart is Feb 2, 2022, corresponding to the inception date of CEG

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.80%	4.83%	2.59%	5.27%	30.14%	19.29%	10.91%	12.94%
Portfolio Candidate (2/22/25) Fixed	-0.01%	-4.08%	-0.53%	2.28%	23.25%	40.58%	—	—
Portfolio components:
ABBV AbbVie Inc.	-0.05%	-5.10%	-7.29%	-6.36%	21.73%	12.83%	18.43%	18.12%
AVGO Broadcom Inc.	4.19%	22.35%	14.87%	13.37%	123.49%	88.18%	55.73%	41.80%
BSX Boston Scientific Corporation	1.24%	-7.42%	-32.24%	-33.88%	-31.43%	7.66%	9.57%	12.75%
CEG Constellation Energy Corp	-0.63%	-3.55%	-16.46%	-26.86%	42.13%	57.99%	—	—
GILD Gilead Sciences, Inc.	-0.48%	-3.75%	14.52%	19.60%	35.77%	23.07%	20.29%	7.31%
HWM Howmet Aerospace Inc.	-1.55%	5.53%	23.98%	32.28%	104.60%	81.97%	51.11%	31.51%
IBM International Business Machines Corporation	1.89%	-1.79%	-16.88%	-11.82%	4.23%	28.41%	18.53%	9.89%
LLY Eli Lilly and Company	-1.89%	-8.50%	-15.65%	9.84%	20.41%	35.16%	38.12%	30.34%
MCK McKesson Corporation	0.07%	-8.46%	5.35%	9.22%	25.11%	34.23%	35.67%	18.36%
MPC Marathon Petroleum Corporation	-0.40%	-2.58%	37.83%	22.55%	86.38%	22.07%	36.01%	23.15%

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

Monthly Returns

Based on dividend-adjusted daily data since Feb 3, 2022, Candidate (2/22/25) Fixed's average daily return is +0.12%, while the average monthly return is +2.59%. At this rate, an investment would double in approximately 2.3 years.

Historically, 78% of months were positive and 22% were negative. The best month was Oct 2022 with a return of +12.7%, while the worst month was Mar 2026 at -7.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 1 months.

On a daily basis, Candidate (2/22/25) Fixed closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +6.4%, while the worst single day was Apr 4, 2025 at -6.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	0.71%	6.46%	-7.27%	0.05%									-0.53%
2025	8.68%	6.45%	-3.45%	5.23%	3.81%	3.71%	-2.07%	0.08%	5.21%	0.38%	7.32%	-2.50%	37.06%
2024	5.75%	10.05%	5.24%	-1.15%	7.65%	2.13%	3.01%	7.11%	3.13%	1.25%	10.69%	-5.10%	61.08%
2023	1.11%	-3.55%	4.03%	1.71%	2.59%	7.03%	1.30%	3.75%	0.67%	2.07%	5.22%	1.46%	30.61%
2022		0.15%	7.70%	-0.41%	3.70%	-3.25%	4.59%	0.31%	-4.43%	12.67%	4.12%	-2.82%	23.20%

Benchmark Metrics

Candidate (2/22/25) Fixed has an annualized alpha of 27.39%, beta of 0.60, and R² of 0.54 versus S&P 500 Index. Calculated based on daily prices since February 03, 2022.

This portfolio captured 117.15% of S&P 500 Index gains but only 14.40% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 27.39% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.60 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 27.39%

Beta: 0.60

R²: 0.54

Upside Capture: 117.15%

Downside Capture: 14.40%

Expense Ratio

Candidate (2/22/25) Fixed 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.

Return for Risk

Risk / Return Rank

Candidate (2/22/25) Fixed ranks 23 for risk / return — below 23% 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.88	2.30	-0.42
Sortino ratio Return per unit of downside risk	2.67	3.18	-0.52
Omega ratio Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio Return relative to maximum drawdown	3.16	3.40	-0.24
Martin ratio Return relative to average drawdown	10.02	15.35	-5.33
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
ABBV AbbVie Inc.	57	0.86	1.31	1.17	1.62	3.66
AVGO Broadcom Inc.	86	2.92	3.48	1.45	4.18	10.09
BSX Boston Scientific Corporation	4	-1.09	-1.34	0.79	-0.72	-1.82
CEG Constellation Energy Corp	55	0.92	1.47	1.18	1.09	2.76
GILD Gilead Sciences, Inc.	70	1.28	1.99	1.23	2.88	8.25
HWM Howmet Aerospace Inc.	94	3.56	4.29	1.55	6.46	20.62
IBM International Business Machines Corporation	35	0.13	0.38	1.05	0.23	0.58
LLY Eli Lilly and Company	47	0.50	0.95	1.13	0.81	1.94
MCK McKesson Corporation	61	0.90	1.57	1.21	1.84	4.57
MPC Marathon Petroleum Corporation	88	2.91	3.52	1.47	4.61	13.05

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.

Candidate (2/22/25) Fixed Sharpe ratios as of Apr 16, 2026 (values are recalculated daily):

1-Year: 1.88
All Time: 2.44

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 2.19 to 3.00, 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 Candidate (2/22/25) Fixed 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

Candidate (2/22/25) Fixed provided a 1.75% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.75%	1.35%	1.41%	1.70%	1.76%	2.29%	2.29%	2.34%	2.27%	1.70%	4.19%	1.90%
Portfolio components:
ABBV AbbVie Inc.	3.23%	2.87%	3.49%	3.82%	3.49%	3.84%	4.41%	4.83%	3.89%	2.65%	3.64%	3.41%
AVGO Broadcom Inc.	0.63%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
BSX Boston Scientific 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%
CEG Constellation Energy Corp	0.54%	0.44%	0.63%	0.97%	0.65%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GILD Gilead Sciences, Inc.	2.28%	2.57%	3.33%	3.70%	3.40%	3.91%	4.67%	3.88%	3.65%	2.90%	2.57%	1.27%
HWM Howmet Aerospace Inc.	0.18%	0.21%	0.24%	0.31%	0.25%	0.13%	0.05%	0.39%	1.42%	0.88%	40.49%	1.22%
IBM International Business Machines Corporation	2.75%	2.27%	3.03%	4.05%	4.68%	4.74%	5.17%	4.80%	5.46%	3.85%	3.31%	3.63%
LLY Eli Lilly and Company	0.69%	0.56%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.94%	2.46%	2.77%	2.37%
MCK McKesson Corporation	0.37%	0.37%	0.47%	0.50%	0.54%	0.72%	0.95%	1.16%	1.32%	0.80%	0.80%	0.53%
MPC Marathon Petroleum Corporation	1.71%	2.29%	2.43%	2.07%	2.14%	3.63%	5.61%	3.52%	3.12%	2.30%	2.70%	2.20%

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 Candidate (2/22/25) Fixed. 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 Candidate (2/22/25) Fixed was 12.88%, occurring on Apr 8, 2025. Recovery took 15 trading sessions.

The current Candidate (2/22/25) Fixed drawdown is 7.22%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-12.88%	Feb 20, 2025	34	Apr 8, 2025	15	Apr 30, 2025	49
-10.1%	Apr 21, 2022	41	Jun 17, 2022	36	Aug 10, 2022	77
-8.33%	Aug 19, 2022	30	Sep 30, 2022	18	Oct 26, 2022	48
-8.11%	Mar 2, 2026	21	Mar 30, 2026	—	—	—
-6.82%	Dec 5, 2022	66	Mar 10, 2023	20	Apr 10, 2023	86

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 21 assets, with an effective number of assets of 12.25, 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.

	Benchmark	XOM	UBER	MPC	T	MCK	ABBV	LLY	GILD	PM	PLTR	PGR	AVGO	ORLY	TMUS	WMT	VST	CEG	WMB	BSX	IBM	HWM	Portfolio
Benchmark	1.00	0.20	0.53	0.28	0.22	0.19	0.24	0.34	0.30	0.24	0.62	0.23	0.69	0.30	0.28	0.33	0.45	0.47	0.35	0.46	0.51	0.60	0.66
XOM	0.20	1.00	0.06	0.64	0.20	0.13	0.17	0.04	0.15	0.20	0.07	0.22	0.07	0.13	0.13	0.12	0.16	0.17	0.50	0.09	0.19	0.20	0.24
UBER	0.53	0.06	1.00	0.17	0.08	0.02	0.08	0.16	0.07	0.05	0.50	0.05	0.36	0.13	0.13	0.12	0.24	0.25	0.14	0.25	0.27	0.33	0.28
MPC	0.28	0.64	0.17	1.00	0.14	0.18	0.15	0.06	0.10	0.14	0.13	0.18	0.14	0.14	0.10	0.10	0.24	0.20	0.44	0.13	0.28	0.26	0.30
T	0.22	0.20	0.08	0.14	1.00	0.18	0.26	0.11	0.26	0.35	0.12	0.27	-0.01	0.22	0.46	0.25	0.08	0.07	0.27	0.23	0.27	0.17	0.33
MCK	0.19	0.13	0.02	0.18	0.18	1.00	0.29	0.28	0.24	0.24	-0.01	0.31	0.04	0.32	0.26	0.24	0.12	0.14	0.18	0.29	0.22	0.23	0.54
ABBV	0.24	0.17	0.08	0.15	0.26	0.29	1.00	0.35	0.44	0.28	0.03	0.24	0.06	0.27	0.24	0.22	0.03	0.04	0.20	0.28	0.24	0.12	0.42
LLY	0.34	0.04	0.16	0.06	0.11	0.28	0.35	1.00	0.24	0.14	0.14	0.19	0.20	0.23	0.18	0.24	0.16	0.19	0.11	0.32	0.22	0.20	0.58
GILD	0.30	0.15	0.07	0.10	0.26	0.24	0.44	0.24	1.00	0.31	0.08	0.23	0.12	0.29	0.29	0.25	0.06	0.05	0.18	0.24	0.25	0.15	0.39
PM	0.24	0.20	0.05	0.14	0.35	0.24	0.28	0.14	0.31	1.00	0.04	0.28	0.05	0.29	0.30	0.31	0.09	0.08	0.25	0.25	0.25	0.21	0.42
PLTR	0.62	0.07	0.50	0.13	0.12	-0.01	0.03	0.14	0.08	0.04	1.00	0.04	0.49	0.11	0.14	0.16	0.31	0.35	0.21	0.23	0.31	0.36	0.40
PGR	0.23	0.22	0.05	0.18	0.27	0.31	0.24	0.19	0.23	0.28	0.04	1.00	0.06	0.32	0.33	0.29	0.12	0.14	0.21	0.27	0.25	0.25	0.47
AVGO	0.69	0.07	0.36	0.14	-0.01	0.04	0.06	0.20	0.12	0.05	0.49	0.06	1.00	0.12	0.09	0.13	0.38	0.40	0.18	0.27	0.34	0.44	0.41
ORLY	0.30	0.13	0.13	0.14	0.22	0.32	0.27	0.23	0.29	0.29	0.11	0.32	0.12	1.00	0.34	0.35	0.07	0.10	0.17	0.26	0.28	0.26	0.42
TMUS	0.28	0.13	0.13	0.10	0.46	0.26	0.24	0.18	0.29	0.30	0.14	0.33	0.09	0.34	1.00	0.30	0.10	0.13	0.20	0.31	0.19	0.21	0.44
WMT	0.33	0.12	0.12	0.10	0.25	0.24	0.22	0.24	0.25	0.31	0.16	0.29	0.13	0.35	0.30	1.00	0.16	0.20	0.22	0.28	0.27	0.23	0.54
VST	0.45	0.16	0.24	0.24	0.08	0.12	0.03	0.16	0.06	0.09	0.31	0.12	0.38	0.07	0.10	0.16	1.00	0.66	0.37	0.28	0.25	0.46	0.52
CEG	0.47	0.17	0.25	0.20	0.07	0.14	0.04	0.19	0.05	0.08	0.35	0.14	0.40	0.10	0.13	0.20	0.66	1.00	0.35	0.25	0.27	0.43	0.55
WMB	0.35	0.50	0.14	0.44	0.27	0.18	0.20	0.11	0.18	0.25	0.21	0.21	0.18	0.17	0.20	0.22	0.37	0.35	1.00	0.25	0.28	0.36	0.42
BSX	0.46	0.09	0.25	0.13	0.23	0.29	0.28	0.32	0.24	0.25	0.23	0.27	0.27	0.26	0.31	0.28	0.28	0.25	0.25	1.00	0.32	0.37	0.51
IBM	0.51	0.19	0.27	0.28	0.27	0.22	0.24	0.22	0.25	0.25	0.31	0.25	0.34	0.28	0.19	0.27	0.25	0.27	0.28	0.32	1.00	0.31	0.51
HWM	0.60	0.20	0.33	0.26	0.17	0.23	0.12	0.20	0.15	0.21	0.36	0.25	0.44	0.26	0.21	0.23	0.46	0.43	0.36	0.37	0.31	1.00	0.55
Portfolio	0.66	0.24	0.28	0.30	0.33	0.54	0.42	0.58	0.39	0.42	0.40	0.47	0.41	0.42	0.44	0.54	0.52	0.55	0.42	0.51	0.51	0.55	1.00

The correlation results are calculated based on daily price changes starting from Feb 3, 2022

Candidate (2/22/25) Fixed

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table