Retirement Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
BXMIX Blackstone Alternative Multi-Strategy Fund	Multistrategy	5%
CMNIX Calamos Market Neutral Income Fund Institutional Class		5%
DGRW WisdomTree U.S. Dividend Growth Fund	Large Cap Growth Equities, Dividend	14.60%
EIGMX Eaton Vance Global Macro Absolute Return Fund	Nontraditional Bonds	5%
FTSM First Trust Enhanced Short Maturity ETF	Ultrashort Bond	4.90%
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF	Emerging Markets Equities	3.20%
GSST Goldman Sachs Ultra Short Bond ETF	Ultrashort Bond	4.90%
HMEZX NexPoint Merger Arbitrage Fund	Event Driven	5%
HUSV First Trust Horizon Managed Volatility Domestic ETF	Volatility Hedged Equity, Actively Managed	6.50%
IQDG WisdomTree International Quality Dividend Growth Fund	Foreign Large Cap Equities, Dividend	6.50%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	Small Cap Blend Equities, Dividend	13%
SPAXX Fidelity Government Money Market Fund	Money Market	5.30%
VUG Vanguard Growth ETF	Large Cap Growth Equities	14.60%
WCMIX WCM Focused International Growth Fund	Foreign Large Cap Equities	6.50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Retirement Portfolio , 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 May 25, 2021, corresponding to the inception date of SPAXX

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Retirement Portfolio	-0.02%	-2.44%	-0.58%	0.31%	11.92%	12.01%	—	—
Portfolio components:
DGRW WisdomTree U.S. Dividend Growth Fund	-0.03%	-4.33%	-1.26%	-0.51%	11.18%	13.85%	10.87%	13.11%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	-0.05%	-4.24%	3.93%	5.24%	17.99%	16.17%	8.63%	—
HUSV First Trust Horizon Managed Volatility Domestic ETF	0.72%	-3.91%	0.41%	-1.02%	-2.45%	7.59%	6.74%	—
IQDG WisdomTree International Quality Dividend Growth Fund	-0.63%	-2.74%	-1.78%	1.40%	16.30%	8.37%	4.32%	—
WCMIX WCM Focused International Growth Fund	1.67%	-3.92%	0.40%	-5.65%	13.87%	11.03%	4.33%	10.69%
BXMIX Blackstone Alternative Multi-Strategy Fund	0.27%	-0.09%	0.36%	3.96%	10.33%	8.45%	4.77%	4.13%
CMNIX Calamos Market Neutral Income Fund Institutional Class	0.13%	-0.32%	0.50%	1.92%	6.01%	6.90%	4.52%	4.69%
EIGMX Eaton Vance Global Macro Absolute Return Fund	0.00%	-0.45%	2.31%	6.05%	11.69%	9.13%	6.15%	4.83%
HMEZX NexPoint Merger Arbitrage Fund	0.05%	0.51%	0.86%	2.20%	5.65%	6.43%	4.93%	5.90%
FTSM First Trust Enhanced Short Maturity ETF	0.04%	0.17%	0.80%	1.82%	4.21%	4.87%	3.34%	2.51%

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

Monthly Returns

Based on dividend-adjusted daily data since May 26, 2021, Retirement Portfolio 's average daily return is +0.03%, while the average monthly return is +0.60%. At this rate, your investment would double in approximately 9.7 years.

Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +6.3%, while the worst month was Sep 2022 at -6.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Retirement Portfolio closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +5.5%, while the worst single day was Apr 4, 2025 at -3.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.21%	0.99%	-4.26%	0.60%									-0.58%
2025	2.67%	-0.48%	-2.72%	0.10%	4.10%	2.92%	0.60%	1.93%	1.92%	0.45%	0.33%	0.42%	12.74%
2024	0.41%	3.26%	2.27%	-2.95%	3.18%	1.39%	1.90%	1.57%	1.18%	-1.18%	3.59%	-2.87%	12.10%
2023	5.16%	-1.44%	1.60%	0.78%	-0.57%	4.81%	2.27%	-1.26%	-3.11%	-1.58%	6.27%	4.22%	17.96%
2022	-4.19%	-2.03%	0.84%	-4.93%	0.08%	-5.49%	5.64%	-2.86%	-6.23%	5.25%	5.29%	-3.15%	-12.10%
2021					0.51%	0.84%	1.33%	1.59%	-3.39%	3.61%	-0.98%	3.32%	6.84%

Benchmark Metrics

Retirement Portfolio has an annualized alpha of 0.76%, beta of 0.62, and R² of 0.95 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.

This portfolio participated in 68.73% of S&P 500 Index downside but only 62.06% of its upside — more exposed to losses than it benefited from rallies.
Beta of 0.62 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: 0.76%

Beta: 0.62

R²: 0.95

Upside Capture: 62.06%

Downside Capture: 68.73%

Expense Ratio

Retirement Portfolio has an expense ratio of 0.58%, 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.

Top 10 holdings

BXMIX

Blackstone Alternative Multi-Strategy Fund

HMEZX

NexPoint Merger Arbitrage Fund

WCMIX

WCM Focused International Growth Fund

CMNIX

Calamos Market Neutral Income Fund Institutional Class

EIGMX

Eaton Vance Global Macro Absolute Return Fund

HUSV

First Trust Horizon Managed Volatility Domestic ETF

SDVY

First Trust SMID Cap Rising Dividend Achievers ETF

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

FTSM

First Trust Enhanced Short Maturity ETF

IQDG

WisdomTree International Quality Dividend Growth Fund

Return for Risk

Risk / Return Rank

Retirement Portfolio ranks 35 for risk / return — below 35% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

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	1.07	0.88	+0.19
Sortino ratio Return per unit of downside risk	1.60	1.37	+0.23
Omega ratio Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio Return relative to maximum drawdown	1.54	1.39	+0.15
Martin ratio Return relative to average drawdown	7.04	6.43	+0.61
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
DGRW WisdomTree U.S. Dividend Growth Fund	37	0.73	1.16	1.17	1.02	4.55
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	47	0.89	1.38	1.19	1.44	5.64
HUSV First Trust Horizon Managed Volatility Domestic ETF	7	-0.20	-0.19	0.98	-0.23	-0.76
IQDG WisdomTree International Quality Dividend Growth Fund	43	0.90	1.34	1.18	1.35	4.79
WCMIX WCM Focused International Growth Fund	23	0.72	1.15	1.16	0.97	2.92
BXMIX Blackstone Alternative Multi-Strategy Fund	89	2.55	3.33	1.64	2.01	9.35
CMNIX Calamos Market Neutral Income Fund Institutional Class	90	1.78	2.67	1.57	2.30	15.62
EIGMX Eaton Vance Global Macro Absolute Return Fund	99	6.02	8.81	2.97	8.20	32.55
HMEZX NexPoint Merger Arbitrage Fund	99	3.60	5.64	1.96	5.48	35.54
FTSM First Trust Enhanced Short Maturity ETF	99	8.33	17.49	3.98	28.17	138.70

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.

Retirement Portfolio Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.07
All Time: 0.66

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 1.66, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Retirement Portfolio 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

Retirement Portfolio provided a 2.78% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.78%	2.82%	3.26%	2.46%	1.92%	1.68%	1.73%	1.76%	2.91%	1.56%	1.25%	1.14%
Portfolio components:
DGRW WisdomTree U.S. Dividend Growth Fund	1.43%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	1.25%	1.69%	1.60%	1.90%	2.28%	1.09%	1.48%	1.69%	1.57%	0.29%	0.00%	0.00%
HUSV First Trust Horizon Managed Volatility Domestic ETF	1.38%	1.38%	1.14%	1.80%	1.68%	1.35%	1.29%	1.36%	1.48%	1.31%	0.35%	0.00%
IQDG WisdomTree International Quality Dividend Growth Fund	2.25%	2.28%	2.60%	1.76%	4.18%	2.67%	1.65%	1.95%	1.96%	1.71%	1.35%	0.00%
WCMIX WCM Focused International Growth Fund	5.71%	5.73%	12.78%	0.65%	0.11%	4.60%	1.42%	0.22%	4.17%	0.46%	2.09%	1.20%
BXMIX Blackstone Alternative Multi-Strategy Fund	7.72%	7.75%	5.75%	3.48%	0.00%	1.68%	3.12%	3.67%	1.91%	2.00%	0.45%	2.52%
CMNIX Calamos Market Neutral Income Fund Institutional Class	1.74%	1.63%	2.00%	5.90%	1.02%	0.46%	0.90%	1.57%	5.02%	2.60%	2.97%	2.42%
EIGMX Eaton Vance Global Macro Absolute Return Fund	6.74%	5.72%	6.16%	5.79%	4.78%	4.18%	4.37%	5.44%	3.72%	3.42%	4.02%	5.54%
HMEZX NexPoint Merger Arbitrage Fund	5.06%	5.04%	6.36%	5.07%	5.11%	3.63%	5.83%	0.33%	19.16%	6.88%	0.02%	0.00%
FTSM First Trust Enhanced Short Maturity ETF	4.21%	4.28%	4.91%	4.62%	1.62%	0.39%	1.20%	2.38%	2.14%	1.49%	1.03%	0.48%

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 Retirement Portfolio . 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 Retirement Portfolio was 18.28%, occurring on Sep 30, 2022. Recovery took 294 trading sessions.

The current Retirement Portfolio drawdown is 4.10%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-18.28%	Dec 30, 2021	190	Sep 30, 2022	294	Dec 1, 2023	484
-11.55%	Feb 19, 2025	35	Apr 8, 2025	38	Jun 3, 2025	73
-6.45%	Feb 26, 2026	23	Mar 30, 2026	—	—	—
-5.27%	Jul 17, 2024	14	Aug 5, 2024	14	Aug 23, 2024	28
-3.92%	Sep 7, 2021	20	Oct 4, 2021	20	Nov 1, 2021	40

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 14 assets, with an effective number of assets of 11.01, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

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	SPAXX	GSST	EIGMX	FTSM	HMEZX	BXMIX	HUSV	GEM	CMNIX	SDVY	IQDG	VUG	WCMIX	DGRW	Portfolio
Benchmark	1.00	0.00	0.03	0.10	0.06	0.39	0.49	0.65	0.64	0.80	0.78	0.75	0.94	0.82	0.93	0.96
SPAXX	0.00	1.00	0.05	-0.01	0.09	0.07	-0.00	0.06	-0.07	-0.00	-0.03	-0.02	-0.01	-0.02	0.02	-0.01
GSST	0.03	0.05	1.00	0.07	0.46	0.03	0.06	0.04	0.04	0.04	0.01	0.06	0.04	0.04	0.04	0.05
EIGMX	0.10	-0.01	0.07	1.00	0.03	0.06	0.22	-0.02	0.13	0.12	0.10	0.10	0.08	0.08	0.07	0.11
FTSM	0.06	0.09	0.46	0.03	1.00	0.08	0.03	0.08	0.12	0.05	0.05	0.14	0.05	0.09	0.08	0.09
HMEZX	0.39	0.07	0.03	0.06	0.08	1.00	0.20	0.33	0.28	0.33	0.36	0.32	0.35	0.33	0.38	0.40
BXMIX	0.49	-0.00	0.06	0.22	0.03	0.20	1.00	0.25	0.41	0.42	0.40	0.45	0.47	0.48	0.42	0.51
HUSV	0.65	0.06	0.04	-0.02	0.08	0.33	0.25	1.00	0.33	0.54	0.61	0.55	0.47	0.54	0.79	0.68
GEM	0.64	-0.07	0.04	0.13	0.12	0.28	0.41	0.33	1.00	0.51	0.56	0.74	0.60	0.70	0.58	0.70
CMNIX	0.80	-0.00	0.04	0.12	0.05	0.33	0.42	0.54	0.51	1.00	0.64	0.61	0.75	0.67	0.74	0.78
SDVY	0.78	-0.03	0.01	0.10	0.05	0.36	0.40	0.61	0.56	0.64	1.00	0.67	0.63	0.67	0.80	0.87
IQDG	0.75	-0.02	0.06	0.10	0.14	0.32	0.45	0.55	0.74	0.61	0.67	1.00	0.68	0.86	0.73	0.84
VUG	0.94	-0.01	0.04	0.08	0.05	0.35	0.47	0.47	0.60	0.75	0.63	0.68	1.00	0.79	0.81	0.88
WCMIX	0.82	-0.02	0.04	0.08	0.09	0.33	0.48	0.54	0.70	0.67	0.67	0.86	0.79	1.00	0.75	0.88
DGRW	0.93	0.02	0.04	0.07	0.08	0.38	0.42	0.79	0.58	0.74	0.80	0.73	0.81	0.75	1.00	0.93
Portfolio	0.96	-0.01	0.05	0.11	0.09	0.40	0.51	0.68	0.70	0.78	0.87	0.84	0.88	0.88	0.93	1.00

The correlation results are calculated based on daily price changes starting from May 26, 2021

Retirement Portfolio

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

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