Exchange beta Adjusted
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CBOE Cboe Global Markets, Inc. | Financial Services | 14.29% |
CME CME Group Inc. | Financial Services | 14.29% |
ENX.PA Euronext N.V. | Financial Services | 14.29% |
IBKR Interactive Brokers Group, Inc. | Financial Services | 14.29% |
ICE Intercontinental Exchange, Inc. | Financial Services | 14.29% |
LSEG.L London Stock Exchange Group plc | Financial Services | 14.29% |
NDAQ Nasdaq, Inc. | Financial Services | 14.29% |
Performance
Performance Chart
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The earliest data available for this chart is Jun 20, 2014, corresponding to the inception date of ENX.PA
Returns By Period
As of May 31, 2025, the Exchange beta Adjusted returned 21.55% Year-To-Date and 19.26% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 0.51% | 6.15% | -2.00% | 12.92% | 14.19% | 10.85% |
| Exchange beta Adjusted | 21.55% | 6.23% | 15.91% | 48.65% | 20.43% | 19.26% |
| Portfolio components: | ||||||
IBKR Interactive Brokers Group, Inc. | 19.01% | 22.20% | 10.03% | 65.72% | 38.51% | 19.94% |
NDAQ Nasdaq, Inc. | 8.42% | 9.62% | 1.30% | 43.42% | 17.82% | 19.08% |
ICE Intercontinental Exchange, Inc. | 21.00% | 7.04% | 12.34% | 36.55% | 14.55% | 15.79% |
CME CME Group Inc. | 25.06% | 4.30% | 25.67% | 47.57% | 14.18% | 16.44% |
CBOE Cboe Global Markets, Inc. | 17.94% | 3.59% | 6.77% | 33.10% | 18.29% | 16.95% |
LSEG.L London Stock Exchange Group plc | 8.34% | -2.06% | 6.56% | 32.65% | 10.20% | 16.36% |
ENX.PA Euronext N.V. | 48.06% | -0.26% | 48.47% | 72.68% | 17.04% | 18.40% |
Monthly Returns
The table below presents the monthly returns of Exchange beta Adjusted, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 7.46% | 2.93% | -0.09% | 3.53% | 6.23% | 21.55% | |||||||
| 2024 | 0.57% | 6.42% | 2.53% | -3.49% | 3.11% | -0.84% | 5.47% | 8.72% | 2.08% | 2.17% | 8.09% | -4.63% | 33.49% |
| 2023 | 4.45% | -1.07% | 2.81% | 1.99% | -3.47% | 2.14% | 4.39% | 1.53% | -2.97% | 0.54% | 8.81% | 4.29% | 25.34% |
| 2022 | -7.01% | -2.63% | 3.67% | -8.33% | -2.25% | -3.11% | 6.34% | -2.10% | -5.93% | 6.61% | 8.58% | -6.36% | -13.48% |
| 2021 | -1.29% | 7.38% | -3.26% | 4.94% | 3.28% | 2.63% | -0.35% | 2.95% | -3.44% | 8.49% | -4.08% | 5.26% | 23.75% |
| 2020 | 4.99% | -5.79% | -11.89% | 7.24% | 7.00% | -1.91% | 7.49% | 5.97% | -4.38% | -7.04% | 8.67% | 7.77% | 16.34% |
| 2019 | 2.47% | 2.09% | -1.73% | 6.67% | 2.29% | 3.63% | 3.00% | 4.39% | 2.22% | -1.87% | 0.18% | 3.20% | 29.61% |
| 2018 | 7.03% | 0.24% | 1.77% | 0.68% | -1.66% | -0.48% | -2.78% | 5.17% | -4.12% | 0.61% | 2.27% | -5.05% | 3.04% |
| 2017 | 5.78% | -1.53% | 0.91% | 3.08% | 2.46% | 6.13% | 4.21% | 2.22% | 5.49% | 1.61% | 6.57% | 0.72% | 44.41% |
| 2016 | -4.73% | -3.35% | 6.27% | -2.66% | 5.73% | -5.85% | 6.16% | 2.20% | -2.48% | -4.12% | 4.89% | 4.29% | 5.21% |
| 2015 | -0.71% | 8.09% | 1.94% | -1.36% | 3.78% | -0.69% | 5.54% | -0.47% | 0.06% | 4.55% | 5.05% | -1.21% | 26.85% |
| 2014 | -0.24% | 0.86% | 3.55% | 0.97% | 5.26% | 6.32% | 5.19% | 23.84% |
Expense Ratio
Exchange beta Adjusted 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, Exchange beta Adjusted is among the top 2% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
IBKR Interactive Brokers Group, Inc. | 1.50 | 2.18 | 1.33 | 1.82 | 5.38 |
NDAQ Nasdaq, Inc. | 1.81 | 2.48 | 1.37 | 2.15 | 8.07 |
ICE Intercontinental Exchange, Inc. | 1.95 | 2.49 | 1.39 | 2.54 | 7.25 |
CME CME Group Inc. | 2.65 | 3.59 | 1.52 | 3.45 | 25.92 |
CBOE Cboe Global Markets, Inc. | 1.41 | 2.02 | 1.26 | 2.37 | 7.14 |
LSEG.L London Stock Exchange Group plc | 1.42 | 1.73 | 1.27 | 1.85 | 9.42 |
ENX.PA Euronext N.V. | 3.28 | 3.76 | 1.52 | 3.45 | 25.98 |
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Dividends
Dividend yield
Exchange beta Adjusted provided a 1.56% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.56% | 1.71% | 1.86% | 2.02% | 1.37% | 1.52% | 1.51% | 1.78% | 1.81% | 2.11% | 1.86% | 1.53% |
| Portfolio components: | ||||||||||||
IBKR Interactive Brokers Group, Inc. | 0.63% | 0.48% | 0.48% | 0.55% | 0.50% | 0.66% | 0.86% | 0.73% | 0.68% | 1.10% | 0.92% | 1.37% |
NDAQ Nasdaq, Inc. | 1.15% | 1.22% | 1.48% | 1.27% | 1.00% | 1.46% | 1.73% | 2.08% | 1.90% | 1.80% | 1.55% | 1.21% |
ICE Intercontinental Exchange, Inc. | 1.02% | 1.21% | 1.31% | 1.48% | 0.97% | 1.04% | 1.19% | 1.27% | 1.13% | 1.21% | 1.13% | 1.19% |
CME CME Group Inc. | 3.63% | 4.48% | 4.58% | 5.05% | 3.00% | 3.24% | 2.74% | 2.42% | 4.20% | 4.90% | 5.41% | 4.38% |
CBOE Cboe Global Markets, Inc. | 1.34% | 1.21% | 1.18% | 1.56% | 1.38% | 1.68% | 1.12% | 1.19% | 0.84% | 1.33% | 1.41% | 1.29% |
LSEG.L London Stock Exchange Group plc | 1.15% | 1.07% | 1.20% | 1.43% | 1.11% | 0.81% | 0.82% | 1.34% | 1.20% | 1.28% | 0.86% | 1.30% |
ENX.PA Euronext N.V. | 2.02% | 2.29% | 2.82% | 2.79% | 1.61% | 1.76% | 2.12% | 3.44% | 2.74% | 3.16% | 1.78% | 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 Exchange beta Adjusted. 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 Exchange beta Adjusted was 33.83%, occurring on Mar 23, 2020. Recovery took 103 trading sessions.
The current Exchange beta Adjusted drawdown is 0.49%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.83% | Feb 18, 2020 | 25 | Mar 23, 2020 | 103 | Aug 14, 2020 | 128 |
| -22.96% | Nov 3, 2021 | 136 | May 12, 2022 | 393 | Nov 16, 2023 | 529 |
| -14.03% | Mar 12, 2018 | 205 | Dec 24, 2018 | 87 | Apr 29, 2019 | 292 |
| -13.52% | Dec 7, 2015 | 47 | Feb 11, 2016 | 123 | Aug 3, 2016 | 170 |
| -11.61% | Sep 3, 2020 | 40 | Oct 28, 2020 | 34 | Dec 15, 2020 | 74 |
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 7 assets, with an effective number of assets of 7.00, 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
| ^GSPC | ENX.PA | LSEG.L | CBOE | IBKR | CME | NDAQ | ICE | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.25 | 0.31 | 0.26 | 0.53 | 0.38 | 0.60 | 0.55 | 0.61 |
| ENX.PA | 0.25 | 1.00 | 0.46 | 0.09 | 0.17 | 0.16 | 0.23 | 0.20 | 0.53 |
| LSEG.L | 0.31 | 0.46 | 1.00 | 0.11 | 0.19 | 0.17 | 0.28 | 0.24 | 0.53 |
| CBOE | 0.26 | 0.09 | 0.11 | 1.00 | 0.25 | 0.47 | 0.39 | 0.44 | 0.56 |
| IBKR | 0.53 | 0.17 | 0.19 | 0.25 | 1.00 | 0.35 | 0.40 | 0.38 | 0.62 |
| CME | 0.38 | 0.16 | 0.17 | 0.47 | 0.35 | 1.00 | 0.51 | 0.61 | 0.66 |
| NDAQ | 0.60 | 0.23 | 0.28 | 0.39 | 0.40 | 0.51 | 1.00 | 0.65 | 0.72 |
| ICE | 0.55 | 0.20 | 0.24 | 0.44 | 0.38 | 0.61 | 0.65 | 1.00 | 0.72 |
| Portfolio | 0.61 | 0.53 | 0.53 | 0.56 | 0.62 | 0.66 | 0.72 | 0.72 | 1.00 |