Patrick Non Reg

Asset Allocation

Position	Category/Sector	Target Weight
BMO Bank of Montreal	Financial Services	6.66%
BN Brookfield Corp	Financial Services	6.66%
BNS The Bank of Nova Scotia	Financial Services	6.66%
CM.TO Canadian Imperial Bank of Commerce	Financial Services	6.66%
CSU.TO Constellation Software Inc.	Technology	6.66%
DOL.TO Dollarama Inc.	Consumer Defensive	6.66%
FFH.TO Fairfax Financial Holdings Limited	Financial Services	6.66%
GWO.TO Great-West Lifeco Inc.	Financial Services	6.66%
IAG.TO iA Financial Corporation Inc.	Financial Services	6.66%
MFC.TO Manulife Financial Corporation	Financial Services	6.66%
NA.TO National Bank of Canada	Financial Services	6.66%
POW.TO Power Corporation of Canada	Financial Services	6.66%
RY Royal Bank of Canada	Financial Services	6.66%
SHOP.TO Shopify Inc.	Technology	6.76%
TD The Toronto-Dominion Bank	Financial Services	6.66%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Patrick Non Reg, 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 year.

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The earliest data available for this chart is May 21, 2015, corresponding to the inception date of SHOP.TO

Returns By Period

As of Apr 4, 2026, the Patrick Non Reg returned -6.78% Year-To-Date and 19.68% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-4.18%	-3.84%	-1.98%	21.98%	16.86%	10.37%	12.29%
Portfolio Patrick Non Reg	0.09%	-4.09%	-6.78%	3.59%	31.39%	27.36%	17.93%	19.68%
Portfolio components:
RY Royal Bank of Canada	-0.02%	-1.54%	-3.48%	12.81%	46.58%	23.42%	16.38%	15.45%
BNS The Bank of Nova Scotia	-0.10%	-5.73%	-3.82%	9.95%	50.50%	18.98%	8.83%	10.05%
BMO Bank of Montreal	-0.59%	-6.71%	5.89%	7.51%	47.72%	20.19%	13.71%	13.60%
TD The Toronto-Dominion Bank	0.55%	-3.56%	1.92%	19.32%	69.14%	21.34%	12.59%	12.93%
NA.TO National Bank of Canada	0.08%	-4.83%	6.50%	24.47%	63.10%	27.37%	18.88%	19.83%
POW.TO Power Corporation of Canada	-0.04%	0.03%	-6.54%	16.20%	39.59%	30.47%	19.35%	14.10%
GWO.TO Great-West Lifeco Inc.	0.35%	2.72%	-2.80%	19.07%	22.98%	26.81%	17.93%	11.22%
DOL.TO Dollarama Inc.	0.40%	-15.07%	-16.98%	-5.64%	9.55%	27.58%	22.60%	18.67%
BN Brookfield Corp	0.37%	-5.16%	-10.74%	-10.46%	22.54%	24.67%	12.29%	14.68%
MFC.TO Manulife Financial Corporation	0.22%	0.31%	-2.88%	11.37%	18.56%	29.14%	15.36%	14.96%

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

Monthly Returns

Based on dividend-adjusted daily data since May 22, 2015, Patrick Non Reg's average daily return is +0.07%, while the average monthly return is +1.49%. At this rate, your investment would double in approximately 3.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +19.8%, while the worst month was Mar 2020 at -21.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Patrick Non Reg closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +13.5%, while the worst single day was Mar 12, 2020 at -13.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-4.83%	2.09%	-5.18%	1.19%									-6.78%
2025	1.13%	2.48%	-2.37%	5.83%	6.17%	4.93%	-0.47%	4.86%	2.09%	2.86%	3.81%	5.65%	43.37%
2024	0.90%	0.36%	2.97%	-4.21%	5.21%	-1.55%	5.12%	7.08%	5.11%	-1.73%	10.50%	-4.99%	26.28%
2023	13.57%	-2.60%	-1.41%	3.54%	-1.31%	6.49%	3.84%	-4.80%	-3.34%	-5.83%	16.68%	8.03%	34.60%
2022	1.06%	-2.73%	1.98%	-8.62%	1.81%	-8.78%	5.45%	-4.95%	-7.75%	5.95%	7.67%	-4.79%	-14.57%
2021	-0.53%	8.79%	6.99%	5.49%	5.28%	-0.90%	0.78%	1.97%	-2.90%	5.75%	-3.47%	6.09%	37.70%

Benchmark Metrics

Patrick Non Reg has an annualized alpha of 6.76%, beta of 0.88, and R² of 0.65 versus S&P 500 Index. Calculated based on daily prices since May 22, 2015.

This portfolio captured 111.98% of S&P 500 Index gains but only 88.30% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 6.76% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.88 and R² of 0.65, 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: 6.76%

Beta: 0.88

R²: 0.65

Upside Capture: 111.98%

Downside Capture: 88.30%

Expense Ratio

Patrick Non Reg 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

Patrick Non Reg ranks 83 for risk / return — in the top 83% 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	1.75	0.88	+0.87
Sortino ratio Return per unit of downside risk	2.44	1.37	+1.07
Omega ratio Gain probability vs. loss probability	1.33	1.21	+0.13
Calmar ratio Return relative to maximum drawdown	3.82	1.39	+2.43
Martin ratio Return relative to average drawdown	14.40	6.43	+7.96
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
RY Royal Bank of Canada	95	2.84	3.98	1.52	4.83	17.99
BNS The Bank of Nova Scotia	95	3.10	4.12	1.60	4.14	16.67
BMO Bank of Montreal	91	2.25	2.87	1.42	4.06	14.03
TD The Toronto-Dominion Bank	98	3.91	4.92	1.66	8.96	32.97
NA.TO National Bank of Canada	96	3.15	4.41	1.64	5.36	21.99
POW.TO Power Corporation of Canada	87	2.10	2.64	1.36	3.12	9.26
GWO.TO Great-West Lifeco Inc.	75	1.30	1.73	1.24	2.20	5.13
DOL.TO Dollarama Inc.	55	0.47	0.82	1.11	0.77	2.61
BN Brookfield Corp	53	0.41	0.78	1.11	0.67	1.94
MFC.TO Manulife Financial Corporation	55	0.48	0.76	1.11	0.83	2.61

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.

Patrick Non Reg Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.75
5-Year: 1.04
10-Year: 1.00
All Time: 0.89

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 0.99 to 1.69, 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 Patrick Non Reg 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

Patrick Non Reg provided a 2.27% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.27%	2.24%	3.03%	3.51%	3.68%	2.88%	3.61%	3.10%	3.59%	2.78%	2.98%	3.52%
Portfolio components:
RY Royal Bank of Canada	2.75%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%
BNS The Bank of Nova Scotia	3.41%	4.17%	5.85%	8.56%	6.39%	5.09%	4.93%	3.53%	6.34%	4.80%	5.24%	8.13%
BMO Bank of Montreal	3.48%	3.55%	4.60%	4.76%	4.62%	3.95%	4.15%	3.96%	4.78%	4.45%	4.73%	5.74%
TD The Toronto-Dominion Bank	3.19%	3.17%	5.65%	4.80%	4.24%	3.27%	4.10%	3.89%	4.08%	3.03%	3.58%	5.11%
NA.TO National Bank of Canada	2.62%	2.75%	4.17%	4.03%	4.03%	3.11%	3.96%	3.77%	4.44%	3.70%	4.03%	5.16%
POW.TO Power Corporation of Canada	3.67%	3.36%	5.02%	5.54%	6.22%	4.40%	7.51%	4.77%	6.13%	4.36%	4.38%	4.23%
GWO.TO Great-West Lifeco Inc.	3.79%	3.60%	4.66%	4.74%	6.26%	4.75%	5.77%	4.97%	5.52%	4.18%	3.94%	3.78%
DOL.TO Dollarama Inc.	0.25%	0.20%	0.25%	0.28%	0.27%	0.31%	0.34%	0.39%	0.48%	0.27%	0.40%	0.44%
BN Brookfield Corp	0.61%	0.52%	0.56%	0.70%	1.44%	1.12%	1.55%	1.11%	1.56%	1.29%	1.58%	1.50%
MFC.TO Manulife Financial Corporation	3.72%	3.53%	3.62%	4.99%	5.47%	4.85%	5.83%	3.79%	4.70%	3.13%	3.09%	3.21%

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 Patrick Non Reg. 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 Patrick Non Reg was 43.78%, occurring on Mar 23, 2020. Recovery took 168 trading sessions.

The current Patrick Non Reg drawdown is 7.72%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-43.78%	Feb 13, 2020	27	Mar 23, 2020	168	Nov 16, 2020	195
-26.56%	Feb 10, 2022	171	Oct 11, 2022	197	Jul 19, 2023	368
-25.6%	Jun 18, 2015	150	Jan 18, 2016	70	Apr 27, 2016	220
-22.87%	Jan 29, 2018	233	Dec 24, 2018	79	Apr 17, 2019	312
-15.09%	Aug 1, 2023	63	Oct 27, 2023	23	Nov 29, 2023	86

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 15 assets, with an effective number of assets of 15.00, 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	SHOP.TO	FFH.TO	DOL.TO	CSU.TO	GWO.TO	IAG.TO	BN	POW.TO	NA.TO	MFC.TO	TD	CM.TO	BNS	BMO	RY	Portfolio
Benchmark	1.00	0.51	0.35	0.40	0.47	0.44	0.48	0.68	0.49	0.52	0.59	0.59	0.57	0.59	0.60	0.62	0.73
SHOP.TO	0.51	1.00	0.16	0.25	0.40	0.22	0.26	0.39	0.24	0.28	0.29	0.27	0.29	0.28	0.29	0.30	0.59
FFH.TO	0.35	0.16	1.00	0.28	0.26	0.37	0.39	0.34	0.37	0.36	0.39	0.36	0.37	0.36	0.36	0.37	0.50
DOL.TO	0.40	0.25	0.28	1.00	0.37	0.33	0.29	0.38	0.36	0.36	0.34	0.35	0.34	0.34	0.35	0.39	0.52
CSU.TO	0.47	0.40	0.26	0.37	1.00	0.30	0.31	0.44	0.33	0.37	0.37	0.34	0.36	0.35	0.35	0.39	0.58
GWO.TO	0.44	0.22	0.37	0.33	0.30	1.00	0.61	0.43	0.74	0.58	0.60	0.55	0.58	0.58	0.57	0.57	0.67
IAG.TO	0.48	0.26	0.39	0.29	0.31	0.61	1.00	0.49	0.59	0.56	0.68	0.56	0.61	0.58	0.59	0.60	0.69
BN	0.68	0.39	0.34	0.38	0.44	0.43	0.49	1.00	0.49	0.53	0.58	0.60	0.58	0.60	0.62	0.62	0.72
POW.TO	0.49	0.24	0.37	0.36	0.33	0.74	0.59	0.49	1.00	0.60	0.63	0.56	0.60	0.60	0.59	0.61	0.70
NA.TO	0.52	0.28	0.36	0.36	0.37	0.58	0.56	0.53	0.60	1.00	0.62	0.66	0.71	0.68	0.70	0.72	0.74
MFC.TO	0.59	0.29	0.39	0.34	0.37	0.60	0.68	0.58	0.63	0.62	1.00	0.64	0.66	0.66	0.67	0.67	0.75
TD	0.59	0.27	0.36	0.35	0.34	0.55	0.56	0.60	0.56	0.66	0.64	1.00	0.73	0.77	0.77	0.78	0.75
CM.TO	0.57	0.29	0.37	0.34	0.36	0.58	0.61	0.58	0.60	0.71	0.66	0.73	1.00	0.77	0.78	0.77	0.76
BNS	0.59	0.28	0.36	0.34	0.35	0.58	0.58	0.60	0.60	0.68	0.66	0.77	0.77	1.00	0.78	0.78	0.76
BMO	0.60	0.29	0.36	0.35	0.35	0.57	0.59	0.62	0.59	0.70	0.67	0.77	0.78	0.78	1.00	0.80	0.77
RY	0.62	0.30	0.37	0.39	0.39	0.57	0.60	0.62	0.61	0.72	0.67	0.78	0.77	0.78	0.80	1.00	0.79
Portfolio	0.73	0.59	0.50	0.52	0.58	0.67	0.69	0.72	0.70	0.74	0.75	0.75	0.76	0.76	0.77	0.79	1.00

The correlation results are calculated based on daily price changes starting from May 22, 2015

Patrick Non Reg

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