Financial Data & Stock Exchanges

Asset Allocation

Position	Category/Sector	Target Weight
SPGI S&P Global Inc.	Financial Services	10%
ICE Intercontinental Exchange, Inc.	Financial Services	10%
MCO Moody's Corporation	Financial Services	10%
CME CME Group Inc.	Financial Services	10%
MSCI MSCI Inc.	Financial Services	10%
NDAQ Nasdaq, Inc.	Financial Services	10%
CBOE Cboe Global Markets, Inc.	Financial Services	10%
FDS FactSet Research Systems Inc.	Financial Services	10%
MORN Morningstar, Inc.	Financial Services	10%
VALU Value Line, Inc.	Financial Services	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

Find the right asset allocation for Financial Data & Stock Exchanges

Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Financial Data & Stock Exchanges, 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.

Loading charts...

Returns By Period

As of Jun 6, 2026, the Financial Data & Stock Exchanges returned -6.25% Year-To-Date and 16.31% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-2.64%	-0.21%	7.86%	7.47%	23.05%	19.90%	11.79%	13.33%
Portfolio Financial Data & Stock Exchanges	-0.05%	-1.84%	-6.25%	-3.65%	-9.61%	8.88%	7.76%	16.31%
Portfolio components:
CBOE Cboe Global Markets, Inc.	-1.44%	-18.95%	12.83%	12.04%	27.97%	30.38%	21.90%	17.82%
CME CME Group Inc.	0.52%	-8.48%	-3.49%	-2.25%	-2.55%	16.70%	7.75%	14.71%
FDS FactSet Research Systems Inc.	0.24%	14.87%	-11.03%	-11.16%	-39.87%	-12.67%	-3.71%	5.94%
ICE Intercontinental Exchange, Inc.	-0.39%	-9.19%	-12.35%	-9.78%	-19.88%	10.66%	6.11%	11.72%
MCO Moody's Corporation	0.49%	0.25%	-11.25%	-8.68%	-6.92%	11.84%	7.06%	17.39%
MORN Morningstar, Inc.	1.01%	5.13%	-14.07%	-14.42%	-40.01%	-2.98%	-3.88%	9.07%
MSCI MSCI Inc.	-0.55%	5.51%	8.09%	15.21%	9.75%	10.20%	6.88%	24.33%
NDAQ Nasdaq, Inc.	-1.32%	-1.83%	-9.86%	-2.95%	3.19%	16.80%	10.48%	16.83%
SPGI S&P Global Inc.	1.03%	1.26%	-18.40%	-14.46%	-17.59%	4.67%	2.85%	15.56%
VALU Value Line, Inc.	-0.03%	-6.48%	-13.89%	-11.76%	-12.43%	-9.15%	4.14%	10.63%

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

Monthly Returns

Based on dividend-adjusted daily data since Jun 16, 2010, Financial Data & Stock Exchanges's average daily return is +0.07%, while the average monthly return is +1.44%. At this rate, an investment would double in approximately 4.0 years.

Historically, 63% of months were positive and 37% were negative. The best month was Oct 2010 with a return of +13.4%, while the worst month was Sep 2022 at -12.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Financial Data & Stock Exchanges closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +12.8%, while the worst single day was Mar 16, 2020 at -12.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	0.56%	-4.32%	-4.66%	3.59%	1.46%	-2.76%							-6.25%
2025	0.17%	2.00%	-2.15%	-1.07%	4.65%	1.65%	-0.86%	-2.11%	-5.17%	-3.41%	3.23%	2.50%	-1.04%
2024	-0.34%	0.50%	0.46%	-6.68%	1.49%	2.67%	7.79%	4.61%	2.23%	-0.23%	7.23%	-3.93%	15.92%
2023	6.76%	-4.51%	2.03%	-1.71%	-0.32%	2.55%	7.18%	1.13%	-4.54%	-0.21%	10.08%	5.59%	25.41%
2022	-7.02%	-2.60%	4.11%	-7.97%	-2.37%	-3.76%	12.63%	-4.48%	-12.67%	8.37%	7.77%	-7.32%	-17.08%
2021	-4.30%	2.58%	2.90%	9.14%	-0.01%	5.57%	3.51%	4.64%	-3.16%	12.06%	-0.35%	4.76%	42.78%

Benchmark Metrics

Financial Data & Stock Exchanges has an annualized alpha of 6.09%, beta of 0.90, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since June 16, 2010.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.94%) than losses (75.17%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 6.09% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
With beta of 0.90 and R2 of 0.63, 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: 6.09%

Beta: 0.90

R²: 0.63

Upside Capture: 99.94%

Downside Capture: 75.17%

Expense Ratio

Financial Data & Stock Exchanges 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

Financial Data & Stock Exchanges ranks 2 for risk / return — in the bottom 2% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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 Financial Data & Stock Exchanges and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	-0.50	2.01	-2.51
Sortino ratioReturn per unit of downside risk	-0.56	2.71	-3.27
Omega ratioGain probability vs. loss probability	0.93	1.36	-0.44
Calmar ratioReturn relative to maximum drawdown	-0.49	2.69	-3.18
Martin ratioReturn relative to average drawdown	-0.98	12.34	-13.33
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.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
CBOE Cboe Global Markets, Inc.	70	1.04	1.48	1.20	1.13	5.82
CME CME Group Inc.	34	-0.14	-0.05	0.99	-0.13	-0.45
FDS FactSet Research Systems Inc.	11	-0.98	-1.34	0.82	-0.69	-1.05
ICE Intercontinental Exchange, Inc.	9	-0.92	-1.16	0.85	-0.77	-1.50
MCO Moody's Corporation	30	-0.25	-0.17	0.98	-0.28	-0.62
MORN Morningstar, Inc.	8	-1.14	-1.63	0.79	-0.77	-1.20
MSCI MSCI Inc.	54	0.37	0.71	1.10	0.59	1.55
NDAQ Nasdaq, Inc.	46	0.21	0.43	1.06	0.24	0.56
SPGI S&P Global Inc.	18	-0.62	-0.67	0.90	-0.56	-1.09
VALU Value Line, Inc.	20	-0.38	-0.38	0.96	-0.59	-1.50

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.

Financial Data & Stock Exchanges Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: -0.50
5-Year: 0.41
10-Year: 0.80
All Time: 0.90

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 1.64 to 2.53, 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 Financial Data & Stock Exchanges compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading charts...

Dividends

Dividend yield

Financial Data & Stock Exchanges provided a 1.79% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.79%	1.35%	1.42%	1.47%	1.60%	1.10%	1.37%	1.39%	1.65%	1.69%	1.92%	1.96%
Portfolio components:
CBOE Cboe Global Markets, Inc.	1.02%	1.08%	1.21%	1.18%	1.56%	1.38%	1.68%	1.12%	1.19%	0.83%	1.30%	1.36%
CME CME Group Inc.	4.35%	1.83%	4.48%	4.58%	5.05%	3.00%	3.24%	2.74%	2.42%	4.20%	4.90%	5.41%
FDS FactSet Research Systems Inc.	1.74%	1.50%	0.85%	0.80%	0.87%	0.66%	0.91%	1.04%	1.24%	1.13%	1.19%	1.05%
ICE Intercontinental Exchange, Inc.	1.39%	1.19%	1.21%	1.31%	1.48%	0.97%	1.04%	1.19%	1.27%	1.13%	1.21%	1.13%
MCO Moody's Corporation	0.87%	0.74%	0.72%	0.79%	1.26%	0.63%	0.77%	0.84%	1.26%	1.03%	1.57%	1.36%
MORN Morningstar, Inc.	1.03%	0.84%	0.48%	0.52%	0.66%	0.28%	0.65%	0.74%	0.91%	0.95%	1.20%	0.95%
MSCI MSCI Inc.	1.25%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%
NDAQ Nasdaq, Inc.	1.24%	1.08%	1.22%	1.48%	1.27%	1.00%	1.46%	1.73%	2.08%	1.90%	1.80%	1.55%
SPGI S&P Global Inc.	0.91%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%
VALU Value Line, Inc.	4.08%	3.32%	2.23%	2.24%	1.91%	1.86%	2.52%	2.73%	3.65%	3.67%	3.44%	4.37%

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 charts...

Worst Drawdowns

The table below displays the maximum drawdowns of the Financial Data & Stock Exchanges. 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 Financial Data & Stock Exchanges was 34.66%, occurring on Mar 23, 2020. Recovery took 84 trading sessions.

The current Financial Data & Stock Exchanges drawdown is 12.32%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-34.66%Mar 2020	1mo 2d	4mo 1d	5mo 3dFeb 2020 - Jul 2020
Bear market2022	-24.49%Jun 2022	5mo 18d	1y 6mo	1y 11moDec 2021 - Dec 2023
2011 correction2011	-19.49%Aug 2011	1mo 1d	7mo 8d	8mo 9dJul 2011 - Mar 2012
2026 correction2026	-18.19%Feb 2026	6mo 10d	—	10mo 8dAug 2025 - now
Rate-hike selloffLate 2018	-17.24%Dec 2018	3mo 20d	3mo 5d	6mo 25dSep 2018 - Mar 2019

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading charts...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 10 assets, with an effective number of assets of 10.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.53	1.64	1.53	1.45	1.47

The portfolio has a diversification ratio of 1.47, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Financial Data & Stock Exchanges correlation to the S&P 500 Index

Financial Data & Stock Exchanges has a 0.28 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	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 16, 2010	0.70

Benchmark Correlations

Correlation vs. S&P 500 Index. MCO has the highest benchmark correlation at 0.69, while VALU has the lowest at 0.22.

0.22

0.28

0.41

0.54

0.54

0.57

0.61

0.63

0.65

0.69

Portfolio Correlations

Correlation vs. Financial Data & Stock Exchanges. MCO has the highest portfolio correlation at 0.76, while VALU has the lowest at 0.44.

0.44

0.50

0.61

0.66

0.70

0.71

0.73

0.73

0.75

0.76

Asset Correlations Table

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

	VALU	CBOE	CME	MORN	FDS	ICE	MSCI	NDAQ	SPGI	MCO
VALU	1.00	0.08	0.11	0.14	0.15	0.13	0.17	0.15	0.16	0.17
CBOE	0.08	1.00	0.46	0.25	0.30	0.43	0.28	0.38	0.31	0.30
CME	0.11	0.46	1.00	0.33	0.38	0.60	0.38	0.51	0.40	0.40
MORN	0.14	0.25	0.33	1.00	0.53	0.43	0.55	0.47	0.55	0.55
FDS	0.15	0.30	0.38	0.53	1.00	0.47	0.59	0.52	0.58	0.58
ICE	0.13	0.43	0.60	0.43	0.47	1.00	0.48	0.62	0.51	0.54
MSCI	0.17	0.28	0.38	0.55	0.59	0.48	1.00	0.55	0.61	0.63
NDAQ	0.15	0.38	0.51	0.47	0.52	0.62	0.55	1.00	0.54	0.57
SPGI	0.16	0.31	0.40	0.55	0.58	0.51	0.61	0.54	1.00	0.78
MCO	0.17	0.30	0.40	0.55	0.58	0.54	0.63	0.57	0.78	1.00

The correlation results are calculated based on daily price changes starting from Jun 16, 2010

Diversification Analysis

Find what Financial Data & Stock Exchanges is missing

See which holdings overlap, where Financial Data & Stock Exchanges is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification