EMPOWER
Asset Allocation
| Position | Category/Sector | Weight |
|---|---|---|
BRRR Valkyrie Bitcoin ETF | Blockchain | 23.10% |
CIFR Cipher Mining Inc. | Financial Services | 12.60% |
CLSK CleanSpark, Inc. | Technology | 12.40% |
FBTC Fidelity Wise Origin Bitcoin Trust | Blockchain | 27.40% |
IREN Iris Energy Limited | Financial Services | 10.70% |
MARA Marathon Digital Holdings, Inc. | Financial Services | 3% |
WULF TeraWulf Inc. | Financial Services | 10.80% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in EMPOWER, 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 Quarterly
The earliest data available for this chart is Jan 11, 2024, corresponding to the inception date of FBTC
Returns By Period
| Year-To-Date | 1 month | 6 months | 1 year | 5 years (annualized) | 10 years (annualized) | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | 13.20% | -1.28% | 10.32% | 18.23% | 12.31% | 10.58% |
| EMPOWER | N/A | 3.65% | 100.57% | N/A | N/A | N/A |
| Portfolio components: | ||||||
CIFR Cipher Mining Inc. | 33.41% | 30.88% | 100.36% | 45.77% | N/A | N/A |
FBTC Fidelity Wise Origin Bitcoin Trust | N/A | 6.04% | 53.85% | N/A | N/A | N/A |
BRRR Valkyrie Bitcoin ETF | N/A | 6.02% | 53.69% | N/A | N/A | N/A |
IREN Iris Energy Limited | 31.89% | -23.15% | 120.84% | 39.50% | N/A | N/A |
CLSK CleanSpark, Inc. | 46.69% | 0.62% | 102.00% | 159.71% | 1.80% | -0.36% |
MARA Marathon Digital Holdings, Inc. | -13.67% | 4.70% | 13.61% | 20.57% | 57.26% | -14.53% |
WULF TeraWulf Inc. | 88.75% | -1.31% | 168.05% | 24.45% | -5.29% | -13.54% |
Monthly Returns
The table below presents the monthly returns of EMPOWER, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -13.67% | 44.20% | 22.09% | -19.56% | 16.74% | 12.38% | 71.31% |
Expense Ratio
EMPOWER has an expense ratio of 0.13%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
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 | |
|---|---|---|---|---|---|
CIFR Cipher Mining Inc. | 0.36 | 1.45 | 1.16 | 0.50 | 1.51 |
FBTC Fidelity Wise Origin Bitcoin Trust | — | — | — | — | — |
BRRR Valkyrie Bitcoin ETF | — | — | — | — | — |
IREN Iris Energy Limited | 0.35 | 1.52 | 1.16 | 0.49 | 1.11 |
CLSK CleanSpark, Inc. | 1.42 | 2.54 | 1.27 | 1.72 | 5.78 |
MARA Marathon Digital Holdings, Inc. | 0.23 | 1.20 | 1.14 | 0.26 | 0.70 |
WULF TeraWulf Inc. | 0.25 | 1.37 | 1.14 | 0.32 | 0.66 |
Not enough dataDividends
Dividend yield
EMPOWER granted a 0.00% dividend yield in the last twelve months.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| EMPOWER | 0.00% | 0.00% | 0.00% | 3.74% |
| Portfolio components: | ||||
CIFR Cipher Mining Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% |
BRRR Valkyrie Bitcoin ETF | 0.00% | 0.00% | 0.00% | 0.00% |
IREN Iris Energy Limited | 0.00% | 0.00% | 0.00% | 0.00% |
CLSK CleanSpark, Inc. | 0.00% | 0.00% | 0.00% | 1.26% |
MARA Marathon Digital Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 33.22% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the EMPOWER. 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 EMPOWER was 22.92%, occurring on May 1, 2024. Recovery took 24 trading sessions.
The current EMPOWER drawdown is 9.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.92% | Mar 26, 2024 | 26 | May 1, 2024 | 24 | Jun 5, 2024 | 50 |
| -22.44% | Jan 12, 2024 | 8 | Jan 24, 2024 | 12 | Feb 9, 2024 | 20 |
| -13.68% | Jun 18, 2024 | 16 | Jul 11, 2024 | 2 | Jul 15, 2024 | 18 |
| -12.68% | Jul 17, 2024 | 7 | Jul 25, 2024 | — | — | — |
| -10.33% | Feb 15, 2024 | 6 | Feb 23, 2024 | 1 | Feb 26, 2024 | 7 |
Volatility
Volatility Chart
The current EMPOWER volatility is 21.32%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| IREN | FBTC | BRRR | WULF | CIFR | MARA | CLSK | |
|---|---|---|---|---|---|---|---|
| IREN | 1.00 | 0.46 | 0.47 | 0.63 | 0.62 | 0.57 | 0.65 |
| FBTC | 0.46 | 1.00 | 1.00 | 0.44 | 0.47 | 0.56 | 0.54 |
| BRRR | 0.47 | 1.00 | 1.00 | 0.44 | 0.47 | 0.56 | 0.54 |
| WULF | 0.63 | 0.44 | 0.44 | 1.00 | 0.73 | 0.74 | 0.79 |
| CIFR | 0.62 | 0.47 | 0.47 | 0.73 | 1.00 | 0.73 | 0.78 |
| MARA | 0.57 | 0.56 | 0.56 | 0.74 | 0.73 | 1.00 | 0.80 |
| CLSK | 0.65 | 0.54 | 0.54 | 0.79 | 0.78 | 0.80 | 1.00 |