Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
FNMA Federal National Mortgage Association | Financial Services | 22.14% |
GLW Corning Incorporated | Technology | 3.79% |
GOOG Alphabet Inc | Communication Services | 6.37% |
GS The Goldman Sachs Group, Inc. | Financial Services | 6.59% |
MO Altria Group, Inc. | Consumer Defensive | 10.06% |
MSFT Microsoft Corporation | Technology | 6.88% |
NKE NIKE, Inc. | Consumer Cyclical | 9.49% |
NVDA NVIDIA Corporation | Technology | 4.45% |
PLTR Palantir Technologies Inc. | Technology | 3.15% |
Q Qnity Electronics, Inc | Technology | 3.50% |
RGTI Rigetti Computing Inc | Technology | 2.19% |
SMR Nuscale Power Corp | Industrials | 1.82% |
SNDK Sandisk Corp | Technology | 1.94% |
TSLA Tesla, Inc. | Consumer Cyclical | 4.32% |
USD=X USD Cash | 10.11% | |
WDC Western Digital Corporation | Technology | 3.19% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in CVar-IB, 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 Nov 3, 2025, corresponding to the inception date of Q
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 2.51% | -0.19% | -0.92% | 0.43% | 36.13% | 18.22% | 10.44% | 12.72% |
Portfolio CVar-IB | 0.00% | 0.14% | -4.49% | — | — | — | — | — |
| Portfolio components: | ||||||||
FNMA Federal National Mortgage Association | 4.08% | 6.59% | -38.21% | -45.66% | 27.50% | 154.95% | 23.26% | 17.43% |
GLW Corning Incorporated | 11.16% | 27.93% | 88.91% | 90.62% | 327.74% | 73.56% | 33.34% | 26.43% |
GOOG Alphabet Inc | 3.56% | 2.85% | 0.37% | 28.40% | 115.46% | 42.83% | 22.66% | 23.99% |
GS The Goldman Sachs Group, Inc. | 4.81% | 8.86% | 3.59% | 17.84% | 100.02% | 44.60% | 25.29% | 22.16% |
MO Altria Group, Inc. | 0.83% | 1.31% | 17.79% | 5.72% | 28.69% | 23.87% | 13.87% | 7.48% |
MSFT Microsoft Corporation | 0.55% | -8.57% | -22.42% | -28.38% | 6.38% | 9.53% | 8.80% | 22.83% |
NKE NIKE, Inc. | 1.03% | -23.70% | -31.85% | -36.76% | -17.00% | -27.58% | -19.24% | -1.87% |
NVDA NVIDIA Corporation | 2.23% | -0.31% | -2.36% | -3.71% | 89.12% | 88.90% | 66.19% | 70.58% |
PLTR Palantir Technologies Inc. | -6.20% | -10.02% | -20.81% | -23.32% | 82.05% | 159.13% | 42.40% | — |
Q Qnity Electronics, Inc | 8.70% | 13.21% | 58.51% | — | — | — | — | — |
Monthly Returns
Based on dividend-adjusted daily data since Nov 4, 2025, CVar-IB's average daily return is -0.04%, while the average monthly return is -1.17%.
Historically, 50% of months were positive and 50% were negative. The best month was Dec 2025 with a return of +1.8%, while the worst month was Mar 2026 at -4.9%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.
On a daily basis, CVar-IB closed higher 34% of trading days. The best single day was Mar 30, 2026 with a return of +4.3%, while the worst single day was Nov 20, 2025 at -5.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.01% | 0.41% | -4.86% | -0.04% | -4.49% | ||||||||
| 2025 | -4.32% | 1.76% | -2.63% |
Benchmark Metrics
CVar-IB has an annualized alpha of -11.06%, beta of 1.38, and R² of 0.51 versus S&P 500 Index. Calculated based on daily prices since November 04, 2025.
- This portfolio participated in 115.10% of S&P 500 Index downside but only -0.50% of its upside — more exposed to losses than it benefited from rallies.
- This portfolio had an annualized alpha of -11.06% versus S&P 500 Index — delivering less than market exposure alone would predict.
- Alpha
- -11.06%
- Beta
- 1.38
- R²
- 0.51
- Upside Capture
- -0.50%
- Downside Capture
- 115.10%
Expense Ratio
CVar-IB 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.
Return for Risk
Return / Risk — by metrics
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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 | |
|---|---|---|---|---|---|---|
FNMA Federal National Mortgage Association | 46 | 0.26 | 1.43 | 1.16 | 0.25 | 0.55 |
GLW Corning Incorporated | 99 | 7.05 | 5.92 | 1.89 | 14.30 | 53.17 |
GOOG Alphabet Inc | 95 | 3.91 | 4.91 | 1.62 | 5.48 | 20.41 |
GS The Goldman Sachs Group, Inc. | 93 | 3.38 | 4.12 | 1.55 | 4.96 | 17.22 |
MO Altria Group, Inc. | 68 | 1.41 | 1.86 | 1.27 | 1.68 | 4.35 |
MSFT Microsoft Corporation | 38 | 0.25 | 0.54 | 1.08 | 0.14 | 0.37 |
NKE NIKE, Inc. | 16 | -0.41 | -0.36 | 0.95 | -0.50 | -1.41 |
NVDA NVIDIA Corporation | 86 | 2.26 | 3.06 | 1.38 | 4.61 | 11.51 |
PLTR Palantir Technologies Inc. | 72 | 1.47 | 2.03 | 1.27 | 2.39 | 5.65 |
Q Qnity Electronics, Inc | — | — | — | — | — | — |
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Dividends
Dividend yield
CVar-IB provided a 1.22% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.22% | 1.19% | 1.25% | 1.45% | 1.29% | 1.07% | 1.25% | 1.14% | 1.24% | 0.84% | 0.91% | 0.98% |
| Portfolio components: | ||||||||||||
FNMA Federal National Mortgage Association | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLW Corning Incorporated | 0.68% | 1.28% | 2.36% | 3.68% | 3.38% | 2.58% | 2.44% | 2.75% | 2.38% | 1.94% | 2.22% | 2.63% |
GOOG Alphabet Inc | 0.27% | 0.26% | 0.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GS The Goldman Sachs Group, Inc. | 1.71% | 1.59% | 2.01% | 2.72% | 2.62% | 1.70% | 1.90% | 1.80% | 1.89% | 1.14% | 1.09% | 1.41% |
MO Altria Group, Inc. | 6.29% | 7.21% | 7.65% | 9.52% | 8.05% | 7.43% | 8.29% | 6.57% | 6.07% | 3.56% | 3.48% | 3.73% |
MSFT Microsoft Corporation | 0.93% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
NKE NIKE, Inc. | 3.76% | 2.53% | 2.00% | 1.28% | 1.07% | 0.68% | 0.71% | 0.89% | 1.11% | 1.18% | 1.30% | 0.93% |
NVDA NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
PLTR Palantir Technologies 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% |
Q Qnity Electronics, Inc | 0.11% | 0.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 CVar-IB. 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 CVar-IB was 14.92%, occurring on Mar 27, 2026. The portfolio has not yet recovered.
The current CVar-IB drawdown is 8.97%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.92% | Jan 14, 2026 | 73 | Mar 27, 2026 | — | — | — |
| -9.7% | Nov 4, 2025 | 18 | Nov 21, 2025 | 18 | Dec 9, 2025 | 36 |
| -4.69% | Dec 12, 2025 | 19 | Dec 30, 2025 | 10 | Jan 9, 2026 | 29 |
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 16 assets, with an effective number of assets of 9.88, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| Benchmark | USD=X | MO | NKE | FNMA | MSFT | SNDK | GOOG | RGTI | PLTR | GLW | NVDA | TSLA | SMR | WDC | Q | GS | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.00 | -0.13 | 0.35 | 0.22 | 0.47 | 0.45 | 0.61 | 0.46 | 0.52 | 0.56 | 0.64 | 0.57 | 0.49 | 0.59 | 0.63 | 0.74 | 0.66 |
| USD=X | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| MO | -0.13 | 0.00 | 1.00 | -0.04 | -0.13 | -0.05 | -0.08 | -0.19 | -0.03 | -0.22 | 0.09 | -0.17 | -0.11 | -0.13 | -0.10 | -0.09 | -0.18 | -0.02 |
| NKE | 0.35 | 0.00 | -0.04 | 1.00 | 0.23 | 0.09 | -0.00 | 0.09 | 0.07 | 0.02 | 0.02 | -0.07 | 0.21 | 0.22 | 0.10 | 0.15 | 0.30 | 0.30 |
| FNMA | 0.22 | 0.00 | -0.13 | 0.23 | 1.00 | 0.03 | 0.01 | 0.12 | 0.19 | 0.13 | -0.06 | 0.14 | 0.26 | 0.22 | 0.08 | 0.12 | 0.21 | 0.62 |
| MSFT | 0.47 | 0.00 | -0.05 | 0.09 | 0.03 | 1.00 | 0.07 | 0.10 | 0.32 | 0.43 | 0.17 | 0.40 | 0.20 | 0.34 | 0.14 | 0.23 | 0.34 | 0.23 |
| SNDK | 0.45 | 0.00 | -0.08 | -0.00 | 0.01 | 0.07 | 1.00 | 0.32 | 0.22 | 0.16 | 0.37 | 0.31 | 0.23 | 0.25 | 0.63 | 0.31 | 0.26 | 0.33 |
| GOOG | 0.61 | 0.00 | -0.19 | 0.09 | 0.12 | 0.10 | 0.32 | 1.00 | 0.17 | 0.27 | 0.34 | 0.31 | 0.39 | 0.21 | 0.41 | 0.33 | 0.37 | 0.36 |
| RGTI | 0.46 | 0.00 | -0.03 | 0.07 | 0.19 | 0.32 | 0.22 | 0.17 | 1.00 | 0.38 | 0.25 | 0.24 | 0.31 | 0.75 | 0.19 | 0.33 | 0.27 | 0.45 |
| PLTR | 0.52 | 0.00 | -0.22 | 0.02 | 0.13 | 0.43 | 0.16 | 0.27 | 0.38 | 1.00 | 0.23 | 0.32 | 0.42 | 0.31 | 0.30 | 0.30 | 0.36 | 0.36 |
| GLW | 0.56 | 0.00 | 0.09 | 0.02 | -0.06 | 0.17 | 0.37 | 0.34 | 0.25 | 0.23 | 1.00 | 0.43 | 0.27 | 0.23 | 0.51 | 0.45 | 0.48 | 0.43 |
| NVDA | 0.64 | 0.00 | -0.17 | -0.07 | 0.14 | 0.40 | 0.31 | 0.31 | 0.24 | 0.32 | 0.43 | 1.00 | 0.38 | 0.27 | 0.39 | 0.38 | 0.36 | 0.36 |
| TSLA | 0.57 | 0.00 | -0.11 | 0.21 | 0.26 | 0.20 | 0.23 | 0.39 | 0.31 | 0.42 | 0.27 | 0.38 | 1.00 | 0.39 | 0.33 | 0.35 | 0.36 | 0.56 |
| SMR | 0.49 | 0.00 | -0.13 | 0.22 | 0.22 | 0.34 | 0.25 | 0.21 | 0.75 | 0.31 | 0.23 | 0.27 | 0.39 | 1.00 | 0.28 | 0.42 | 0.38 | 0.52 |
| WDC | 0.59 | 0.00 | -0.10 | 0.10 | 0.08 | 0.14 | 0.63 | 0.41 | 0.19 | 0.30 | 0.51 | 0.39 | 0.33 | 0.28 | 1.00 | 0.50 | 0.42 | 0.53 |
| Q | 0.63 | 0.00 | -0.09 | 0.15 | 0.12 | 0.23 | 0.31 | 0.33 | 0.33 | 0.30 | 0.45 | 0.38 | 0.35 | 0.42 | 0.50 | 1.00 | 0.55 | 0.48 |
| GS | 0.74 | 0.00 | -0.18 | 0.30 | 0.21 | 0.34 | 0.26 | 0.37 | 0.27 | 0.36 | 0.48 | 0.36 | 0.36 | 0.38 | 0.42 | 0.55 | 1.00 | 0.49 |
| Portfolio | 0.66 | 0.00 | -0.02 | 0.30 | 0.62 | 0.23 | 0.33 | 0.36 | 0.45 | 0.36 | 0.43 | 0.36 | 0.56 | 0.52 | 0.53 | 0.48 | 0.49 | 1.00 |