Miller 2023 Portfolio
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | Total Bond Market | 20% |
QQQ Invesco QQQ | Large Cap Blend Equities | 35% |
VEA Vanguard FTSE Developed Markets ETF | Foreign Large Cap Equities | 10% |
VTI Vanguard Total Stock Market ETF | Large Cap Growth Equities | 35% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Miller 2023 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.
The earliest data available for this chart is Jul 26, 2007, corresponding to the inception date of VEA
Returns By Period
As of Apr 21, 2025, the Miller 2023 Portfolio returned -7.22% Year-To-Date and 10.47% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.79% | -9.92% | 6.35% | 14.12% | 9.63% |
| Miller 2023 Portfolio | -11.01% | -6.81% | -9.09% | 7.50% | 15.06% | 12.35% |
| Portfolio components: | ||||||
AGG iShares Core U.S. Aggregate Bond ETF | 1.98% | -0.55% | 0.25% | 6.56% | -0.91% | 1.36% |
QQQ Invesco QQQ | -13.00% | -7.50% | -9.91% | 7.76% | 17.54% | 16.03% |
VEA Vanguard FTSE Developed Markets ETF | 6.62% | -2.50% | -0.16% | 9.43% | 11.87% | 5.12% |
VTI Vanguard Total Stock Market ETF | -10.40% | -6.88% | -9.83% | 6.93% | 15.43% | 10.87% |
Monthly Returns
The table below presents the monthly returns of Miller 2023 Portfolio, 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 | 2.39% | -2.10% | -6.49% | -5.06% | -11.01% | ||||||||
| 2024 | 1.41% | 4.81% | 1.89% | -4.23% | 5.45% | 4.95% | -0.32% | 1.47% | 2.34% | -1.04% | 5.39% | -0.79% | 22.93% |
| 2023 | 8.82% | -1.29% | 6.63% | 0.76% | 4.60% | 5.91% | 3.53% | -1.64% | -4.80% | -2.24% | 9.95% | 5.39% | 40.40% |
| 2022 | -7.36% | -3.60% | 3.57% | -11.39% | -0.90% | -8.16% | 10.52% | -4.57% | -9.63% | 4.90% | 5.52% | -7.18% | -26.95% |
| 2021 | -0.03% | 0.77% | 2.08% | 5.14% | -0.44% | 4.46% | 2.32% | 3.40% | -4.92% | 6.79% | 0.66% | 1.90% | 23.91% |
| 2020 | 1.70% | -5.92% | -8.83% | 12.50% | 5.55% | 4.44% | 6.11% | 8.51% | -4.43% | -2.52% | 10.53% | 4.44% | 33.93% |
| 2019 | 7.75% | 2.77% | 2.75% | 4.22% | -6.41% | 6.57% | 1.60% | -1.43% | 1.11% | 3.12% | 3.40% | 3.10% | 31.67% |
| 2018 | 6.17% | -2.26% | -2.66% | 0.35% | 3.76% | 0.75% | 2.61% | 4.08% | -0.12% | -7.36% | 0.62% | -7.46% | -2.50% |
| 2017 | 3.23% | 3.44% | 1.13% | 1.90% | 2.49% | -0.81% | 2.78% | 1.19% | 0.69% | 3.07% | 1.99% | 0.82% | 24.17% |
| 2016 | -5.17% | -0.74% | 5.93% | -1.09% | 2.53% | -0.75% | 4.85% | 0.54% | 1.18% | -1.65% | 1.17% | 1.35% | 7.96% |
| 2015 | -1.47% | 5.30% | -1.46% | 1.24% | 1.37% | -2.02% | 2.85% | -5.60% | -2.05% | 8.09% | 0.38% | -1.58% | 4.39% |
| 2014 | -1.96% | 4.25% | -1.05% | 0.14% | 2.91% | 2.26% | -0.37% | 3.76% | -1.39% | 2.23% | 2.95% | -1.22% | 12.96% |
Expense Ratio
Miller 2023 Portfolio has an expense ratio of 0.10%, which is considered low. 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
The current rank of Miller 2023 Portfolio is 40, indicating average performance compared to other portfolios on our website. Here’s 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 | |
|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 1.29 | 1.88 | 1.22 | 0.52 | 3.31 |
QQQ Invesco QQQ | 0.15 | 0.38 | 1.05 | 0.16 | 0.58 |
VEA Vanguard FTSE Developed Markets ETF | 0.55 | 0.89 | 1.12 | 0.70 | 2.13 |
VTI Vanguard Total Stock Market ETF | 0.27 | 0.52 | 1.08 | 0.27 | 1.20 |
Dividends
Dividend yield
Miller 2023 Portfolio provided a 1.81% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.81% | 1.72% | 1.66% | 1.63% | 1.24% | 1.32% | 1.73% | 1.96% | 1.63% | 1.83% | 1.82% | 1.96% |
| Portfolio components: | ||||||||||||
AGG iShares Core U.S. Aggregate Bond ETF | 3.79% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.96% | 2.32% | 2.39% | 2.45% | 2.40% |
QQQ Invesco QQQ | 0.67% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
VEA Vanguard FTSE Developed Markets ETF | 3.07% | 3.36% | 3.16% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% |
VTI Vanguard Total Stock Market ETF | 1.45% | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Miller 2023 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 Miller 2023 Portfolio was 43.15%, occurring on Mar 9, 2009. Recovery took 467 trading sessions.
The current Miller 2023 Portfolio drawdown is 11.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -43.15% | Nov 1, 2007 | 339 | Mar 9, 2009 | 467 | Jan 12, 2011 | 806 |
| -30.75% | Dec 28, 2021 | 202 | Oct 14, 2022 | 294 | Dec 15, 2023 | 496 |
| -27.69% | Feb 20, 2020 | 23 | Mar 23, 2020 | 54 | Jun 9, 2020 | 77 |
| -20.34% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -18.97% | Aug 30, 2018 | 80 | Dec 24, 2018 | 71 | Apr 8, 2019 | 151 |
Volatility
Volatility Chart
The current Miller 2023 Portfolio volatility is 14.51%, 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
| AGG | VEA | QQQ | VTI | |
|---|---|---|---|---|
| AGG | 1.00 | -0.08 | -0.09 | -0.14 |
| VEA | -0.08 | 1.00 | 0.72 | 0.83 |
| QQQ | -0.09 | 0.72 | 1.00 | 0.89 |
| VTI | -0.14 | 0.83 | 0.89 | 1.00 |