CDN Retirement 9 - 1 (15% VRIFF)

Asset Allocation

Position	Category/Sector	Target Weight
VBAL.TO Vanguard Balanced ETF Portfolio	Diversified Portfolio	45%
VCB.TO Vanguard Canadian Corporate Bond Index ETF	Corporate Bonds	0%
VRIF.TO Vanguard Retirement Income ETF Portfolio	Diversified Portfolio	15%
XCV.TO iShares Canadian Value Index ETF	Canada Equities	10%
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	10%
XRE.TO iShares S&P/TSX Capped REIT Index ETF	REIT	2%
ZEB.TO BMO Equal Weight Banks Index ETF	Financials Equities	4%
ZGD.TO BMO Equal Weight Global Gold Index ETF	Gold	2%
ZMI.TO BMO Monthly Income ETF	Diversified Portfolio	0%
ZST.TO BMO Ultra Short-Term Bond ETF	Canadian Government Bonds, Ultrashort Bond	12%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in CDN Retirement 9 - 1 (15% VRIFF), 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 Sep 16, 2020, corresponding to the inception date of VRIF.TO

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.48%	-1.70%	-2.42%	-2.28%	13.57%	18.26%	12.69%	12.98%
Portfolio CDN Retirement 9 - 1 (15% VRIFF)	0.23%	-0.71%	3.48%	5.59%	19.05%	13.41%	9.03%	—
Portfolio components:
ZST.TO BMO Ultra Short-Term Bond ETF	0.04%	0.21%	0.62%	0.20%	1.73%	3.95%	2.87%	2.32%
VRIF.TO Vanguard Retirement Income ETF Portfolio	0.04%	-1.32%	0.81%	1.66%	9.24%	8.17%	4.16%	—
ZMI.TO BMO Monthly Income ETF	0.16%	-0.96%	3.14%	1.82%	8.69%	10.11%	6.94%	6.19%
XCV.TO iShares Canadian Value Index ETF	0.69%	1.28%	8.78%	13.71%	37.59%	22.61%	17.78%	12.94%
VBAL.TO Vanguard Balanced ETF Portfolio	0.14%	-1.46%	0.93%	2.12%	13.30%	11.91%	7.07%	—
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	0.77%	2.52%	14.44%	17.25%	36.22%	18.43%	15.35%	12.06%
ZEB.TO BMO Equal Weight Banks Index ETF	0.28%	-1.88%	3.56%	15.92%	52.48%	25.85%	17.17%	14.78%
VCB.TO Vanguard Canadian Corporate Bond Index ETF	0.17%	-1.01%	0.04%	0.46%	2.65%	5.38%	2.17%	—
ZGD.TO BMO Equal Weight Global Gold Index ETF	-0.59%	-8.60%	15.55%	34.17%	133.56%	58.24%	35.91%	22.19%
XRE.TO iShares S&P/TSX Capped REIT Index ETF	0.89%	-1.04%	4.08%	0.19%	11.04%	2.78%	2.36%	4.62%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 17, 2020, CDN Retirement 9 - 1 (15% VRIFF)'s average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, your investment would double in approximately 7.1 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +7.5%, while the worst month was Jun 2022 at -5.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, CDN Retirement 9 - 1 (15% VRIFF) closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +3.2%, while the worst single day was Apr 4, 2025 at -2.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	1.50%	3.89%	-2.41%	0.56%									3.48%
2025	2.36%	0.17%	-0.71%	-0.65%	3.09%	1.97%	1.13%	2.94%	3.72%	0.95%	1.91%	-0.39%	17.65%
2024	-0.11%	1.44%	2.85%	-1.56%	2.12%	0.05%	3.75%	1.04%	2.46%	0.11%	3.04%	-2.00%	13.81%
2023	5.09%	-1.68%	0.57%	1.86%	-2.76%	1.62%	1.67%	-0.99%	-2.73%	-1.37%	5.43%	3.23%	9.94%
2022	-0.65%	-0.26%	0.64%	-3.75%	0.13%	-5.76%	3.43%	-1.96%	-2.97%	2.58%	4.50%	-2.73%	-7.09%
2021	-0.06%	1.92%	2.16%	1.55%	1.88%	1.39%	0.47%	1.21%	-1.68%	2.52%	-0.32%	2.40%	14.19%

Benchmark Metrics

CDN Retirement 9 - 1 (15% VRIFF) has an annualized alpha of 4.71%, beta of 0.37, and R² of 0.54 versus S&P 500 Index. Calculated based on daily prices since September 17, 2020.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (50.48%) than losses (40.40%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.71% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.37 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: 4.71%

Beta: 0.37

R²: 0.54

Upside Capture: 50.48%

Downside Capture: 40.40%

Expense Ratio

CDN Retirement 9 - 1 (15% VRIFF) has an expense ratio of 0.28%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

XRE.TO

iShares S&P/TSX Capped REIT Index ETF

ZGD.TO

BMO Equal Weight Global Gold Index ETF

XCV.TO

iShares Canadian Value Index ETF

VRIF.TO

Vanguard Retirement Income ETF Portfolio

ZEB.TO

BMO Equal Weight Banks Index ETF

VBAL.TO

Vanguard Balanced ETF Portfolio

XEI.TO

iShares S&P/TSX Composite High Dividend Index ETF

ZMI.TO

BMO Monthly Income ETF

ZST.TO

BMO Ultra Short-Term Bond ETF

VCB.TO

Vanguard Canadian Corporate Bond Index ETF

Return for Risk

Risk / Return Rank

CDN Retirement 9 - 1 (15% VRIFF) ranks 90 for risk / return — in the top 90% 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.

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	2.34	0.75	+1.59
Sortino ratio Return per unit of downside risk	3.12	1.14	+1.99
Omega ratio Gain probability vs. loss probability	1.51	1.18	+0.33
Calmar ratio Return relative to maximum drawdown	2.91	1.15	+1.76
Martin ratio Return relative to average drawdown	13.83	4.21	+9.63
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
ZST.TO BMO Ultra Short-Term Bond ETF	68	1.59	1.68	1.79	1.70	4.70
VRIF.TO Vanguard Retirement Income ETF Portfolio	74	1.54	2.15	1.31	2.05	7.74
ZMI.TO BMO Monthly Income ETF	44	0.96	1.29	1.21	1.17	4.45
XCV.TO iShares Canadian Value Index ETF	97	3.26	3.99	1.73	3.94	22.56
VBAL.TO Vanguard Balanced ETF Portfolio	67	1.32	1.84	1.28	1.84	7.58
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	97	3.53	4.26	1.80	3.75	21.91
ZEB.TO BMO Equal Weight Banks Index ETF	98	3.95	5.04	1.77	6.46	24.68
VCB.TO Vanguard Canadian Corporate Bond Index ETF	32	0.72	0.99	1.13	1.08	3.56
ZGD.TO BMO Equal Weight Global Gold Index ETF	95	2.96	2.99	1.45	4.41	15.84
XRE.TO iShares S&P/TSX Capped REIT Index ETF	36	0.79	1.19	1.15	1.28	3.37

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.

CDN Retirement 9 - 1 (15% VRIFF) Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 2.34
5-Year: 1.22
All Time: 1.38

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 0.98 to 1.67, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of CDN Retirement 9 - 1 (15% VRIFF) 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

CDN Retirement 9 - 1 (15% VRIFF) provided a 2.73% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.73%	2.83%	3.38%	3.46%	3.09%	2.48%	2.42%	2.37%	2.41%	1.37%	1.40%	1.61%
Portfolio components:
ZST.TO BMO Ultra Short-Term Bond ETF	2.62%	2.82%	4.65%	4.79%	2.75%	2.29%	2.65%	2.82%	3.43%	4.05%	3.92%	3.90%
VRIF.TO Vanguard Retirement Income ETF Portfolio	3.82%	3.77%	3.96%	4.33%	4.72%	3.86%	1.27%	0.00%	0.00%	0.00%	0.00%	0.00%
ZMI.TO BMO Monthly Income ETF	4.29%	4.54%	4.68%	4.94%	4.49%	3.71%	4.21%	4.24%	4.58%	4.06%	3.89%	3.89%
XCV.TO iShares Canadian Value Index ETF	2.51%	2.71%	3.72%	3.88%	3.18%	2.11%	3.35%	3.06%	3.13%	2.40%	2.50%	3.14%
VBAL.TO Vanguard Balanced ETF Portfolio	2.20%	2.21%	2.29%	2.34%	2.19%	1.93%	1.81%	2.23%	2.01%	0.00%	0.00%	0.00%
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	3.88%	4.39%	5.45%	4.98%	4.68%	3.58%	5.03%	4.62%	5.42%	4.29%	4.42%	5.64%
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%
VCB.TO Vanguard Canadian Corporate Bond Index ETF	3.89%	3.88%	3.74%	3.41%	3.21%	2.69%	2.75%	2.82%	2.85%	2.51%	0.00%	0.00%
ZGD.TO BMO Equal Weight Global Gold Index ETF	0.19%	0.22%	0.59%	0.76%	0.77%	0.38%	0.16%	1.20%	0.00%	0.00%	0.32%	0.46%
XRE.TO iShares S&P/TSX Capped REIT Index ETF	4.76%	5.00%	5.55%	4.52%	4.85%	2.59%	4.45%	4.82%	4.80%	4.71%	5.20%	5.59%

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 CDN Retirement 9 - 1 (15% VRIFF). 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 CDN Retirement 9 - 1 (15% VRIFF) was 12.58%, occurring on Oct 12, 2022. Recovery took 295 trading sessions.

The current CDN Retirement 9 - 1 (15% VRIFF) drawdown is 2.05%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-12.58%	Jan 18, 2022	185	Oct 12, 2022	295	Dec 13, 2023	480
-7.16%	Jan 31, 2025	47	Apr 8, 2025	23	May 12, 2025	70
-4.82%	Feb 27, 2026	16	Mar 20, 2026	—	—	—
-3.21%	Oct 14, 2020	11	Oct 28, 2020	8	Nov 9, 2020	19
-3.12%	Dec 9, 2024	23	Jan 13, 2025	13	Jan 30, 2025	36

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 10 assets, with an effective number of assets of 3.82, 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

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

	Benchmark	ZST.TO	ZGD.TO	VCB.TO	XRE.TO	ZEB.TO	XCV.TO	XEI.TO	ZMI.TO	VRIF.TO	VBAL.TO	Portfolio
Benchmark	1.00	0.08	0.08	0.13	0.41	0.48	0.41	0.41	0.67	0.65	0.82	0.70
ZST.TO	0.08	1.00	0.11	0.33	0.10	0.07	0.07	0.08	0.18	0.22	0.19	0.18
ZGD.TO	0.08	0.11	1.00	0.17	0.20	0.18	0.32	0.29	0.21	0.31	0.28	0.41
VCB.TO	0.13	0.33	0.17	1.00	0.24	0.06	0.06	0.08	0.35	0.55	0.38	0.31
XRE.TO	0.41	0.10	0.20	0.24	1.00	0.52	0.52	0.58	0.55	0.54	0.57	0.65
ZEB.TO	0.48	0.07	0.18	0.06	0.52	1.00	0.77	0.75	0.62	0.51	0.61	0.76
XCV.TO	0.41	0.07	0.32	0.06	0.52	0.77	1.00	0.86	0.60	0.50	0.60	0.80
XEI.TO	0.41	0.08	0.29	0.08	0.58	0.75	0.86	1.00	0.63	0.51	0.61	0.80
ZMI.TO	0.67	0.18	0.21	0.35	0.55	0.62	0.60	0.63	1.00	0.76	0.81	0.82
VRIF.TO	0.65	0.22	0.31	0.55	0.54	0.51	0.50	0.51	0.76	1.00	0.89	0.84
VBAL.TO	0.82	0.19	0.28	0.38	0.57	0.61	0.60	0.61	0.81	0.89	1.00	0.93
Portfolio	0.70	0.18	0.41	0.31	0.65	0.76	0.80	0.80	0.82	0.84	0.93	1.00

The correlation results are calculated based on daily price changes starting from Sep 17, 2020

CDN Retirement 9 - 1 (15% VRIFF)

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