James Taxable Nov 2025

Asset Allocation

Position	Category/Sector	Target Weight
AAPL Apple Inc	Technology	18.80%
QUAL iShares MSCI USA Quality Factor ETF	Large Cap Blend Equities	13%
AGG iShares Core U.S. Aggregate Bond ETF	Total Bond Market	11.20%
IVV iShares Core S&P 500 ETF	S&P 500	7.60%
MSFT Microsoft Corporation	Technology	5.90%
SPYV SPDR Portfolio S&P 500 Value ETF	S&P 500, Large Cap Value Equities	5.80%
XLV State Street Health Care Select Sector SPDR ETF	Health & Biotech Equities	5.10%
XLU State Street Utilities Select Sector SPDR ETF	Utilities Equities	4.90%
XLP State Street Consumer Staples Select Sector SPDR ETF	Consumer Staples Equities	3.60%
VCSH Vanguard Short-Term Corporate Bond ETF	Corporate Bonds	3.30%
XLI Industrial Select Sector SPDR Fund	Industrials Equities	3%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	High Yield Bonds	2.80%
ICSH iShares Ultra Short Duration Bond Active ETF	Ultrashort Bond	2.40%
VRT Vertiv Holdings Co.	Industrials	2.40%
XLE State Street Energy Select Sector SPDR ETF	Energy Equities	1.80%
GDX VanEck Gold Miners ETF	Gold, Precious Metals	1.60%
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF	Foreign Large Cap Equities, Multi-factor	1.30%
ARKK ARK Innovation ETF	Technology Equities	1.10%
XLK State Street Technology Select Sector SPDR ETF	Technology Equities	1.10%
PLTR Palantir Technologies Inc.	Technology	1%
COIN Coinbase Global, Inc.	Financial Services	0.90%
LEU Centrus Energy Corp.	Energy	0.60%
TLT iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	0.40%
GOOG Alphabet Inc	Communication Services	0.40%
PJT PJT Partners Inc.	Financial Services	0%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in James Taxable Nov 2025, 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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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.30%	0.09%	8.18%	8.17%	23.42%	19.88%	11.91%	13.45%
Portfolio James Taxable Nov 2025	-0.41%	-0.09%	6.70%	6.04%	24.51%	20.53%	14.29%	—
Portfolio components:
AAPL Apple Inc	-1.89%	2.90%	11.12%	8.71%	48.46%	19.11%	19.46%	29.63%
AGG iShares Core U.S. Aggregate Bond ETF	0.00%	-0.69%	-0.08%	0.26%	4.97%	3.88%	-0.03%	1.52%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	0.03%	-0.23%	1.27%	1.74%	7.79%	8.23%	3.26%	6.13%
ARKK ARK Innovation ETF	1.87%	-4.10%	-1.35%	-7.42%	24.13%	21.64%	-7.38%	15.39%
COIN Coinbase Global, Inc.	6.37%	-19.41%	-28.31%	-40.88%	-35.48%	44.90%	-6.29%	—
GDX VanEck Gold Miners ETF	-0.22%	-16.83%	-8.28%	0.10%	53.51%	37.89%	17.28%	12.82%
GOOG Alphabet Inc	-1.20%	-8.98%	15.25%	15.01%	107.32%	43.67%	23.94%	26.05%
ICSH iShares Ultra Short Duration Bond Active ETF	0.02%	0.18%	1.43%	1.75%	4.30%	5.15%	3.67%	2.77%
IVV iShares Core S&P 500 ETF	0.24%	0.23%	8.72%	8.76%	24.89%	21.44%	13.50%	15.32%
LEU Centrus Energy Corp.	1.21%	-21.02%	-32.55%	-39.02%	14.42%	71.98%	44.90%	46.90%

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

Monthly Returns

Based on dividend-adjusted daily data since Apr 15, 2021, James Taxable Nov 2025's average daily return is +0.06%, while the average monthly return is +1.16%. At this rate, an investment would double in approximately 5.0 years.

Historically, 63% of months were positive and 37% were negative. The best month was Jul 2022 with a return of +9.6%, while the worst month was Sep 2022 at -8.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, James Taxable Nov 2025 closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.9%, while the worst single day was Apr 4, 2025 at -5.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	0.23%	2.86%	-4.41%	6.02%	4.65%	-2.42%							6.70%
2025	1.30%	-0.04%	-4.11%	0.02%	3.50%	4.66%	1.90%	3.04%	5.13%	2.82%	0.79%	-1.18%	18.92%
2024	-0.18%	3.18%	2.36%	-2.46%	5.69%	2.66%	2.31%	2.58%	2.48%	-1.28%	5.38%	-2.19%	22.10%
2023	6.42%	-1.07%	5.24%	1.62%	1.94%	5.89%	2.80%	-1.23%	-4.54%	-0.72%	8.96%	3.73%	32.19%
2022	-4.27%	-3.13%	3.27%	-7.41%	-1.21%	-6.90%	9.63%	-3.12%	-8.63%	7.53%	3.25%	-5.16%	-16.66%
2021				0.47%	-0.15%	3.51%	2.61%	2.64%	-4.74%	6.24%	0.73%	3.85%	15.78%

Benchmark Metrics

James Taxable Nov 2025 has an annualized alpha of 3.71%, beta of 0.83, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since April 15, 2021.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (90.32%) than losses (79.97%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 3.71% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 3.71%

Beta: 0.83

R²: 0.93

Upside Capture: 90.32%

Downside Capture: 79.97%

Expense Ratio

James Taxable Nov 2025 has an expense ratio of 0.08%, 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.

Top 10 holdings

ARKK

ARK Innovation ETF

GDX

VanEck Gold Miners ETF

MFDX

PIMCO RAFI Dynamic Multi-Factor International Equity ETF

ANGL

VanEck Vectors Fallen Angel High Yield Bond ETF

QUAL

iShares MSCI USA Quality Factor ETF

TLT

iShares 20+ Year Treasury Bond ETF

ICSH

iShares Ultra Short Duration Bond Active ETF

XLE

State Street Energy Select Sector SPDR ETF

XLI

Industrial Select Sector SPDR Fund

XLK

State Street Technology Select Sector SPDR ETF

Return for Risk

Risk / Return Rank

James Taxable Nov 2025 ranks 74 for risk / return — better than 74% of Portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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

The table below presents risk-adjusted performance metrics for James Taxable Nov 2025 and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.43	1.94	+0.50
Sortino ratioReturn per unit of downside risk	3.43	2.63	+0.81
Omega ratioGain probability vs. loss probability	1.43	1.35	+0.07
Calmar ratioReturn relative to maximum drawdown	3.43	2.59	+0.85
Martin ratioReturn relative to average drawdown	15.11	11.84	+3.27
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.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
AAPL Apple Inc	88	2.18	3.09	1.39	3.53	8.89
AGG iShares Core U.S. Aggregate Bond ETF	40	1.32	1.94	1.23	1.81	5.44
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	56	1.81	2.58	1.35	1.93	8.09
ARKK ARK Innovation ETF	20	0.67	1.13	1.13	0.77	1.71
COIN Coinbase Global, Inc.	23	-0.51	-0.41	0.95	-0.54	-0.88
GDX VanEck Gold Miners ETF	35	1.16	1.58	1.22	1.68	4.32
GOOG Alphabet Inc	96	3.76	5.15	1.61	5.20	18.68
ICSH iShares Ultra Short Duration Bond Active ETF	99	11.01	27.36	6.56	43.67	288.81
IVV iShares Core S&P 500 ETF	69	2.07	2.79	1.38	2.81	12.97
LEU Centrus Energy Corp.	49	0.16	0.87	1.11	0.23	0.38

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.

James Taxable Nov 2025 Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 2.43
5-Year: 0.98
All Time: 0.98

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 1.62 to 2.49, 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 James Taxable Nov 2025 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

James Taxable Nov 2025 provided a 1.76% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.76%	1.78%	1.85%	1.77%	1.67%	1.36%	1.61%	1.95%	2.23%	1.92%	2.03%	2.09%
Portfolio components:
AAPL Apple Inc	0.35%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
AGG iShares Core U.S. Aggregate Bond ETF	4.00%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF	6.39%	6.20%	6.29%	5.27%	4.72%	3.90%	4.67%	5.19%	5.99%	5.25%	5.34%	5.81%
ARKK ARK Innovation ETF	0.00%	0.00%	0.00%	0.70%	0.00%	0.55%	1.64%	0.38%	3.14%	1.32%	0.00%	2.27%
COIN Coinbase Global, 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%
GDX VanEck Gold Miners ETF	0.80%	0.74%	1.19%	1.61%	1.66%	1.67%	0.53%	0.67%	0.50%	0.76%	0.26%	0.85%
GOOG Alphabet Inc	0.29%	0.26%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ICSH iShares Ultra Short Duration Bond Active ETF	4.34%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%
IVV iShares Core S&P 500 ETF	1.09%	1.17%	1.30%	1.44%	1.66%	1.20%	1.57%	1.85%	2.21%	1.75%	2.01%	2.27%
LEU Centrus Energy Corp.	0.00%	0.00%	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 James Taxable Nov 2025. 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 James Taxable Nov 2025 was 21.51%, occurring on Oct 14, 2022. Recovery took 177 trading sessions.

The current James Taxable Nov 2025 drawdown is 2.12%.

Related event	Drawdown	Fall	Recovery	Underwater
Bear market2022	-21.51%Oct 2022	9mo 20d	8mo 19d	1y 6moDec 2021 - Jun 2023
2025 selloff2025	-16.07%Apr 2025	1mo 17d	2mo 17d	4mo 4dFeb 2025 - Jun 2025
2023 pullback2023	-7.75%Oct 2023	2mo 27d	18d	3mo 15dAug 2023 - Nov 2023
2026 pullback2026	-7.17%Mar 2026	1mo 2d	18d	1mo 20dFeb 2026 - Apr 2026
2024 pullback2024	-6.51%Aug 2024	19d	25d	1mo 14dJul 2024 - Aug 2024

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 25 assets, with an effective number of assets of 11.25, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.70	1.49	1.38	1.38

The portfolio has a diversification ratio of 1.38, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

James Taxable Nov 2025 correlation to the S&P 500 Index

James Taxable Nov 2025 has a 0.89 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021	0.95

Benchmark Correlations

Correlation vs. S&P 500 Index. IVV has the highest benchmark correlation at 1.00, while TLT has the lowest at 0.08.

0.08

0.10

0.19

0.28

0.29

0.31

0.37

0.42

0.42

0.49

0.54

0.57

0.58

0.61

0.67

0.69

0.69

0.72

0.73

0.73

0.80

0.84

0.91

0.97

1.00

Portfolio Correlations

Correlation vs. James Taxable Nov 2025. IVV has the highest portfolio correlation at 0.95, while ICSH has the lowest at 0.14.

0.14

0.16

0.27

0.27

0.33

0.35

0.40

0.43

0.44

0.44

0.56

0.57

0.58

0.61

0.66

0.70

0.71

0.72

0.72

0.76

0.81

0.81

0.88

0.93

0.95

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	ICSH	TLT	XLE	GDX	AGG	XLU	LEU	XLP	VCSH	PJT	COIN	PLTR	VRT	XLV	GOOG	AAPL	MSFT	ARKK	MFDX	XLI	ANGL	XLK	SPYV	QUAL	IVV
ICSH	1.00	0.39	-0.03	0.21	0.49	0.15	0.07	0.12	0.52	0.06	0.08	0.09	0.06	0.09	0.10	0.08	0.07	0.14	0.18	0.10	0.32	0.08	0.11	0.11	0.11
TLT	0.39	1.00	-0.14	0.19	0.92	0.23	-0.04	0.15	0.69	0.03	0.03	0.04	0.01	0.14	0.05	0.08	0.05	0.11	0.13	0.06	0.46	0.06	0.09	0.11	0.08
XLE	-0.03	-0.14	1.00	0.22	-0.09	0.21	0.28	0.19	-0.02	0.22	0.14	0.15	0.15	0.19	0.12	0.15	0.08	0.16	0.36	0.41	0.21	0.17	0.47	0.28	0.31
GDX	0.21	0.19	0.22	1.00	0.29	0.29	0.25	0.21	0.34	0.13	0.20	0.18	0.16	0.23	0.20	0.14	0.16	0.23	0.49	0.29	0.32	0.23	0.30	0.27	0.29
AGG	0.49	0.92	-0.09	0.29	1.00	0.28	0.04	0.22	0.88	0.09	0.11	0.11	0.07	0.22	0.14	0.16	0.12	0.21	0.26	0.16	0.59	0.15	0.19	0.22	0.19
XLU	0.15	0.23	0.21	0.29	0.28	1.00	0.14	0.57	0.27	0.19	0.14	0.09	0.18	0.46	0.17	0.21	0.19	0.18	0.37	0.45	0.37	0.21	0.51	0.36	0.37
LEU	0.07	-0.04	0.28	0.25	0.04	0.14	1.00	0.06	0.11	0.27	0.38	0.38	0.37	0.16	0.30	0.23	0.28	0.48	0.38	0.40	0.34	0.40	0.36	0.39	0.42
XLP	0.12	0.15	0.19	0.21	0.22	0.57	0.06	1.00	0.26	0.21	0.11	0.05	0.10	0.59	0.19	0.31	0.22	0.14	0.43	0.46	0.36	0.22	0.60	0.44	0.43
VCSH	0.52	0.69	-0.02	0.34	0.88	0.27	0.11	0.26	1.00	0.15	0.19	0.17	0.12	0.27	0.22	0.23	0.18	0.28	0.37	0.25	0.64	0.22	0.28	0.30	0.28
PJT	0.06	0.03	0.22	0.13	0.09	0.19	0.27	0.21	0.15	1.00	0.30	0.31	0.32	0.34	0.28	0.27	0.29	0.42	0.42	0.50	0.37	0.40	0.50	0.48	0.49
COIN	0.08	0.03	0.14	0.20	0.11	0.14	0.38	0.11	0.19	0.30	1.00	0.55	0.43	0.24	0.41	0.35	0.41	0.74	0.39	0.41	0.42	0.52	0.42	0.52	0.54
PLTR	0.09	0.04	0.15	0.18	0.11	0.09	0.38	0.05	0.17	0.31	0.55	1.00	0.46	0.21	0.42	0.37	0.48	0.73	0.38	0.42	0.42	0.59	0.41	0.54	0.57
VRT	0.06	0.01	0.15	0.16	0.07	0.18	0.37	0.10	0.12	0.32	0.43	0.46	1.00	0.25	0.40	0.35	0.43	0.54	0.43	0.54	0.42	0.64	0.45	0.59	0.61
XLV	0.09	0.14	0.19	0.23	0.22	0.46	0.16	0.59	0.27	0.34	0.24	0.21	0.25	1.00	0.34	0.38	0.36	0.36	0.53	0.55	0.46	0.40	0.67	0.61	0.59
GOOG	0.10	0.05	0.12	0.20	0.14	0.17	0.30	0.19	0.22	0.28	0.41	0.42	0.40	0.34	1.00	0.56	0.62	0.53	0.45	0.43	0.48	0.66	0.48	0.66	0.69
AAPL	0.08	0.08	0.15	0.14	0.16	0.21	0.23	0.31	0.23	0.27	0.35	0.37	0.35	0.38	0.56	1.00	0.57	0.49	0.47	0.48	0.48	0.69	0.55	0.67	0.69
MSFT	0.07	0.05	0.08	0.16	0.12	0.19	0.28	0.22	0.18	0.29	0.41	0.48	0.43	0.36	0.62	0.57	1.00	0.51	0.43	0.43	0.45	0.80	0.48	0.71	0.73
ARKK	0.14	0.11	0.16	0.23	0.21	0.18	0.48	0.14	0.28	0.42	0.74	0.73	0.54	0.36	0.53	0.49	0.51	1.00	0.53	0.55	0.59	0.68	0.56	0.68	0.71
MFDX	0.18	0.13	0.36	0.49	0.26	0.37	0.38	0.43	0.37	0.42	0.39	0.38	0.43	0.53	0.45	0.47	0.43	0.53	1.00	0.70	0.63	0.59	0.75	0.71	0.73
XLI	0.10	0.06	0.41	0.29	0.16	0.45	0.40	0.46	0.25	0.50	0.41	0.42	0.54	0.55	0.43	0.48	0.43	0.55	0.70	1.00	0.61	0.63	0.86	0.80	0.81
ANGL	0.32	0.46	0.21	0.32	0.59	0.37	0.34	0.36	0.64	0.37	0.42	0.42	0.42	0.46	0.48	0.48	0.45	0.59	0.63	0.61	1.00	0.58	0.63	0.67	0.67
XLK	0.08	0.06	0.17	0.23	0.15	0.21	0.40	0.22	0.22	0.40	0.52	0.59	0.64	0.40	0.66	0.69	0.80	0.68	0.59	0.63	0.58	1.00	0.63	0.88	0.91
SPYV	0.11	0.09	0.47	0.30	0.19	0.51	0.36	0.60	0.28	0.50	0.42	0.41	0.45	0.67	0.48	0.55	0.48	0.56	0.75	0.86	0.63	0.63	1.00	0.83	0.85
QUAL	0.11	0.11	0.28	0.27	0.22	0.36	0.39	0.44	0.30	0.48	0.52	0.54	0.59	0.61	0.66	0.67	0.71	0.68	0.71	0.80	0.67	0.88	0.83	1.00	0.97
IVV	0.11	0.08	0.31	0.29	0.19	0.37	0.42	0.43	0.28	0.49	0.54	0.57	0.61	0.59	0.69	0.69	0.73	0.71	0.73	0.81	0.67	0.91	0.85	0.97	1.00

The correlation results are calculated based on daily price changes starting from Apr 15, 2021

Diversification Analysis

Find what James Taxable Nov 2025 is missing

See which holdings overlap, where James Taxable Nov 2025 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification