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Why Not?
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Risk-Adjusted Performance
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Why Not?

Currency in USD · Last updated May 30, 2025

Asset Allocation

TMUS 7.69%COST 7.69%PGR 7.69%SNEX 7.69%BRO 7.69%AXON 7.69%TPL 7.69%AJG 7.69%ORLY 7.69%ESLT 7.69%COKE 7.69%AVGO 7.69%GEV 7.69%EquityEquity
PositionCategory/SectorTarget Weight
AJG
Arthur J. Gallagher & Co.		Financial Services
7.69%
AVGO
Broadcom Inc.		Technology
7.69%
AXON
Axon Enterprise, Inc.		Industrials
7.69%
BRO
Brown & Brown, Inc.		Financial Services
7.69%
COKE
Coca-Cola Consolidated, Inc.		Consumer Defensive
7.69%
COST
Costco Wholesale Corporation		Consumer Defensive
7.69%
ESLT
Elbit Systems Ltd		Industrials
7.69%
GEV
GE Vernova Inc.		Utilities
7.69%
ORLY
O'Reilly Automotive, Inc.		Consumer Cyclical
7.69%
PGR
The Progressive Corporation		Financial Services
7.69%
SNEX
StoneX Group Inc.		Financial Services
7.69%
TMUS
T-Mobile US, Inc.		Communication Services
7.69%
TPL
Texas Pacific Land Corporation		Energy
7.69%

S&P 500

Performance

Performance Chart

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The earliest data available for this chart is Mar 27, 2024, corresponding to the inception date of GEV

Returns By Period

YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500		0.52%6.32%-1.44%12.25%14.20%10.84%
Why Not?18.20%3.34%10.90%70.60%N/AN/A
Portfolio components:
TMUS
T-Mobile US, Inc.		8.78%-0.95%-2.48%43.70%19.63%20.29%
COST
Costco Wholesale Corporation		10.36%1.85%5.16%25.72%28.85%23.78%
PGR
The Progressive Corporation		18.08%0.36%6.02%39.39%31.61%29.18%
SNEX
StoneX Group Inc.		28.75%-6.29%21.07%67.11%29.97%18.71%
BRO
Brown & Brown, Inc.		9.79%3.58%-1.05%30.11%23.51%22.42%
AXON
Axon Enterprise, Inc.		22.88%19.50%15.01%156.97%57.25%37.20%
TPL
Texas Pacific Land Corporation		8.47%-9.92%-26.63%99.02%45.92%39.19%
AJG
Arthur J. Gallagher & Co.		20.68%7.81%8.91%40.53%30.93%23.88%
ORLY
O'Reilly Automotive, Inc.		14.02%-3.37%8.69%41.15%26.51%19.78%
ESLT
Elbit Systems Ltd		56.44%3.81%65.41%111.30%24.71%19.80%
COKE
Coca-Cola Consolidated, Inc.		-9.20%-15.64%-12.82%19.06%46.71%31.63%
AVGO
Broadcom Inc.		4.69%26.57%52.41%76.12%56.66%35.81%
GEV
GE Vernova Inc.		43.35%26.93%40.72%166.12%N/AN/A
*Annualized

Monthly Returns

The table below presents the monthly returns of Why Not?, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20258.49%4.33%-0.95%2.67%2.69%18.20%
20240.57%-1.06%5.07%4.68%5.63%8.50%3.49%5.95%16.09%-6.09%49.95%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Why Not? 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.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 99, Why Not? is among the top 1% 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.

The Risk-Adjusted Performance Rank of Why Not? is 9999
Overall Rank
The Sharpe Ratio Rank of Why Not? is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of Why Not? is 9898
Sortino Ratio Rank
The Omega Ratio Rank of Why Not? is 9999
Omega Ratio Rank
The Calmar Ratio Rank of Why Not? is 9999
Calmar Ratio Rank
The Martin Ratio Rank of Why Not? is 9999
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
TMUS
T-Mobile US, Inc.		1.592.051.333.077.69
COST
Costco Wholesale Corporation		1.121.611.211.434.09
PGR
The Progressive Corporation		1.522.061.293.097.80
SNEX
StoneX Group Inc.		2.022.601.343.7912.45
BRO
Brown & Brown, Inc.		1.331.771.262.145.38
AXON
Axon Enterprise, Inc.		2.853.641.565.1013.33
TPL
Texas Pacific Land Corporation		1.762.331.332.615.56
AJG
Arthur J. Gallagher & Co.		1.772.281.313.168.74
ORLY
O'Reilly Automotive, Inc.		1.982.861.342.5612.90
ESLT
Elbit Systems Ltd		3.664.311.646.8627.10
COKE
Coca-Cola Consolidated, Inc.		0.590.941.130.832.30
AVGO
Broadcom Inc.		1.271.911.251.784.92
GEV
GE Vernova Inc.		3.022.911.434.3112.47

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.

Why Not? Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 3.51
  • All Time: 3.28

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 0.58 to 1.13, 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 Why Not? compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

Why Not? provided a 0.85% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio0.85%1.76%1.00%0.77%1.01%1.40%1.07%1.14%1.28%1.06%1.52%1.58%
Portfolio components:
TMUS
T-Mobile US, Inc.		1.65%1.28%0.41%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
COST
Costco Wholesale Corporation		0.47%0.49%2.87%0.76%0.54%3.38%0.86%1.08%4.81%1.09%4.06%0.97%
PGR
The Progressive Corporation		1.77%0.48%0.25%0.31%6.23%2.68%3.89%1.86%1.21%2.50%2.16%5.53%
SNEX
StoneX Group Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
BRO
Brown & Brown, Inc.		0.52%0.53%0.67%0.74%0.54%0.73%0.82%1.11%1.08%1.12%1.41%1.25%
AXON
Axon Enterprise, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
TPL
Texas Pacific Land Corporation		1.30%1.58%0.83%1.37%0.88%3.58%0.77%0.75%0.30%0.10%0.22%0.23%
AJG
Arthur J. Gallagher & Co.		0.72%0.85%0.98%1.08%1.13%1.46%1.81%2.23%2.47%2.93%3.62%3.06%
ORLY
O'Reilly Automotive, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ESLT
Elbit Systems Ltd		0.52%0.77%0.94%1.22%1.03%1.28%1.14%1.54%1.32%1.57%1.63%2.07%
COKE
Coca-Cola Consolidated, Inc.		3.07%15.87%4.42%1.51%0.52%2.07%1.14%3.10%3.60%3.08%5.48%6.25%
AVGO
Broadcom Inc.		0.92%0.94%1.71%3.02%2.24%3.05%3.54%3.11%1.87%1.43%1.13%1.22%
GEV
GE Vernova Inc.		0.11%0.08%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%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 Why Not?. 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 Why Not? was 9.57%, occurring on Apr 4, 2025. Recovery took 17 trading sessions.

The current Why Not? drawdown is 2.16%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-9.57%Feb 19, 202533Apr 4, 202517Apr 30, 202550
-7.66%Nov 25, 202417Dec 18, 202419Jan 17, 202536
-3.96%Jan 22, 20254Jan 27, 20255Feb 3, 20259
-3.95%Aug 1, 20243Aug 5, 20243Aug 8, 20246
-3.71%Apr 1, 202413Apr 17, 20248Apr 29, 202421
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 13 assets, with an effective number of assets of 13.00, 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.
^GSPCESLTTMUSCOKEORLYPGRTPLAVGOGEVSNEXAJGAXONCOSTBROPortfolio
^GSPC1.000.190.210.230.220.120.400.690.570.510.210.570.560.300.71
ESLT0.191.000.070.160.180.110.040.140.150.230.180.200.080.210.34
TMUS0.210.071.000.180.380.390.07-0.02-0.010.160.350.080.300.340.32
COKE0.230.160.181.000.230.270.090.090.130.200.300.080.290.340.38
ORLY0.220.180.380.231.000.350.11-0.06-0.000.120.410.080.330.450.30
PGR0.120.110.390.270.351.000.09-0.040.050.140.540.060.230.500.35
TPL0.400.040.070.090.110.091.000.290.370.380.140.420.180.140.57
AVGO0.690.14-0.020.09-0.06-0.040.291.000.460.31-0.010.480.360.060.54
GEV0.570.15-0.010.13-0.000.050.370.461.000.420.100.530.270.190.66
SNEX0.510.230.160.200.120.140.380.310.421.000.200.390.180.200.56
AJG0.210.180.350.300.410.540.14-0.010.100.201.000.150.330.760.49
AXON0.570.200.080.080.080.060.420.480.530.390.151.000.330.170.64
COST0.560.080.300.290.330.230.180.360.270.180.330.331.000.320.51
BRO0.300.210.340.340.450.500.140.060.190.200.760.170.321.000.50
Portfolio0.710.340.320.380.300.350.570.540.660.560.490.640.510.501.00
The correlation results are calculated based on daily price changes starting from Mar 28, 2024
Go to the full Correlations tool for more customization options