Golden ButterFly QQQ+Semi

Asset Allocation

Position	Category/Sector	Target Weight
TLT iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	20%
GLD SPDR Gold Shares	Gold, Precious Metals	20%
VVSM.DE VanEck Semiconductor UCITS ETF	Semiconductors, Technology Equities	20%
SHY iShares 1-3 Year Treasury Bond ETF	Government Bonds, Short-Term Bond	10%
DBC Invesco DB Commodity Index Tracking Fund	Commodities	10%
VIOV Vanguard S&P Small-Cap 600 Value ETF	Small Cap Value Equities	10%
CNDX.L iShares NASDAQ 100 UCITS ETF	Nasdaq-100	10%

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 Golden ButterFly QQQ+Semi, 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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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 Golden ButterFly QQQ+Semi	0.00%	0.58%	21.78%	22.39%	47.45%	24.09%	14.50%	—
Portfolio components:
CNDX.L iShares NASDAQ 100 UCITS ETF	-0.36%	1.61%	16.32%	15.48%	36.18%	27.08%	16.76%	21.32%
DBC Invesco DB Commodity Index Tracking Fund	0.82%	-2.74%	31.80%	32.21%	40.70%	14.11%	12.01%	8.54%
GLD SPDR Gold Shares	0.26%	-8.41%	0.24%	3.07%	30.18%	29.71%	17.55%	12.56%
SHY iShares 1-3 Year Treasury Bond ETF	0.05%	-0.19%	0.34%	0.74%	3.33%	4.04%	1.70%	1.63%
TLT iShares 20+ Year Treasury Bond ETF	-0.52%	-1.31%	-1.08%	-1.51%	3.67%	-2.05%	-6.70%	-1.85%
VIOV Vanguard S&P Small-Cap 600 Value ETF	0.77%	0.98%	15.63%	16.09%	36.39%	13.67%	5.54%	10.22%
VVSM.DE VanEck Semiconductor UCITS ETF	0.00%	8.84%	77.37%	76.38%	157.88%	58.54%	36.00%	—

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

Monthly Returns

Based on dividend-adjusted daily data since Dec 1, 2020, Golden ButterFly QQQ+Semi's average daily return is +0.06%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +10.3%, while the worst month was Sep 2022 at -7.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Golden ButterFly QQQ+Semi closed higher 54% of trading days. The best single day was Nov 10, 2022 with a return of +3.6%, while the worst single day was Jun 5, 2026 at -3.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	7.39%	2.65%	-4.62%	10.34%	6.33%	-1.27%							21.78%
2025	2.72%	-1.07%	-0.96%	-0.26%	3.13%	5.13%	0.86%	1.94%	6.77%	4.75%	0.78%	1.16%	27.62%
2024	-0.10%	2.45%	4.03%	-2.40%	3.21%	3.28%	0.44%	0.23%	2.35%	-0.93%	0.98%	-1.46%	12.51%
2023	8.46%	-2.41%	5.04%	-1.49%	3.11%	2.51%	2.71%	-2.24%	-4.85%	-1.84%	7.92%	6.67%	24.99%
2022	-4.52%	1.53%	0.86%	-5.73%	-0.20%	-6.04%	3.33%	-4.00%	-6.96%	0.97%	6.08%	-2.57%	-16.76%
2021	0.90%	0.62%	-0.17%	3.07%	2.59%	1.36%	1.05%	1.26%	-2.15%	3.44%	1.87%	2.44%	17.40%

Benchmark Metrics

Golden ButterFly QQQ+Semi has an annualized alpha of 8.05%, beta of 0.43, and R2 of 0.35 versus S&P 500 Index. Calculated based on daily prices since December 01, 2020.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (71.63%) than losses (61.15%) - typical of diversified or defensive assets.
Beta of 0.43 may look defensive, but with R2 of 0.35 this portfolio is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R2 of 0.35 means the benchmark explains less than half of this portfolio's behavior - treat beta with caution or consider switching to a more representative benchmark.

Alpha: 8.05%

Beta: 0.43

R²: 0.35

Upside Capture: 71.63%

Downside Capture: 61.15%

Expense Ratio

Golden ButterFly QQQ+Semi has an expense ratio of 0.32%, 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.

DBC

Invesco DB Commodity Index Tracking Fund

GLD

SPDR Gold Shares

VVSM.DE

VanEck Semiconductor UCITS ETF

CNDX.L

iShares NASDAQ 100 UCITS ETF

SHY

iShares 1-3 Year Treasury Bond ETF

TLT

iShares 20+ Year Treasury Bond ETF

VIOV

Vanguard S&P Small-Cap 600 Value ETF

Return for Risk

Risk / Return Rank

Golden ButterFly QQQ+Semi ranks 97 for risk / return — in the top 97% 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

The table below presents risk-adjusted performance metrics for Golden ButterFly QQQ+Semi and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	3.57	1.94	+1.63
Sortino ratioReturn per unit of downside risk	4.71	2.63	+2.09
Omega ratioGain probability vs. loss probability	1.65	1.35	+0.30
Calmar ratioReturn relative to maximum drawdown	7.59	2.59	+5.01
Martin ratioReturn relative to average drawdown	27.48	11.84	+15.63
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
CNDX.L iShares NASDAQ 100 UCITS ETF	74	2.25	3.13	1.39	3.27	11.72
DBC Invesco DB Commodity Index Tracking Fund	75	2.17	2.81	1.38	5.27	12.03
GLD SPDR Gold Shares	33	1.13	1.51	1.23	1.51	3.78
SHY iShares 1-3 Year Treasury Bond ETF	86	2.51	4.11	1.51	3.76	15.12
TLT iShares 20+ Year Treasury Bond ETF	15	0.38	0.62	1.07	0.49	1.19
VIOV Vanguard S&P Small-Cap 600 Value ETF	71	1.99	2.85	1.34	3.92	12.76
VVSM.DE VanEck Semiconductor UCITS ETF	96	4.67	4.84	1.62	10.98	39.75

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.

Golden ButterFly QQQ+Semi Sharpe ratios as of Jun 9, 2026 (values are recalculated daily):

1-Year: 3.57
5-Year: 1.18
All Time: 1.21

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 1.59 to 2.46, 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 Golden ButterFly QQQ+Semi 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

Golden ButterFly QQQ+Semi provided a 1.71% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.71%	1.77%	1.95%	1.69%	0.90%	0.48%	0.54%	0.98%	1.00%	0.73%	0.71%	0.71%
Portfolio components:
CNDX.L iShares NASDAQ 100 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBC Invesco DB Commodity Index Tracking Fund	2.53%	3.33%	5.22%	4.94%	0.59%	0.00%	0.00%	1.59%	1.30%	0.00%	0.00%	0.00%
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHY iShares 1-3 Year Treasury Bond ETF	3.69%	3.81%	3.92%	2.99%	1.30%	0.26%	0.94%	2.12%	1.72%	0.98%	0.71%	0.54%
TLT iShares 20+ Year Treasury Bond ETF	4.63%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%
VIOV Vanguard S&P Small-Cap 600 Value ETF	1.59%	1.69%	1.78%	2.18%	1.81%	1.59%	1.42%	1.60%	1.76%	1.43%	1.17%	1.32%
VVSM.DE VanEck Semiconductor UCITS ETF	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 Golden ButterFly QQQ+Semi. 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 Golden ButterFly QQQ+Semi was 21.40%, occurring on Oct 14, 2022. Recovery took 301 trading sessions.

The current Golden ButterFly QQQ+Semi drawdown is 1.96%.

Related event	Drawdown	Fall	Recovery	Underwater
Bear market2022	-21.40%Oct 2022	10mo 29d	1y 2mo	2y 24dNov 2021 - Dec 2023
2025 selloff2025	-9.99%Apr 2025	1mo 16d	1mo 27d	3mo 13dFeb 2025 - Jun 2025
2024 pullback2024	-7.42%Aug 2024	20d	2mo 9d	2mo 29dJul 2024 - Oct 2024
2026 pullback2026	-5.97%Mar 2026	2mo	11d	2mo 11dJan 2026 - Apr 2026
2021 pullback2021	-5.25%Mar 2021	17d	1mo 11d	1mo 28dFeb 2021 - Apr 2021

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 7 assets, with an effective number of assets of 6.25, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.62	1.66	1.65	1.66

The portfolio has a diversification ratio of 1.66, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Golden ButterFly QQQ+Semi correlation to the S&P 500 Index

Golden ButterFly QQQ+Semi has a 0.59 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020	0.59

Benchmark Correlations

Correlation vs. S&P 500 Index. VIOV has the highest benchmark correlation at 0.72, while TLT has the lowest at 0.07.

0.07

0.12

0.14

0.17

0.54

0.57

0.72

Portfolio Correlations

Correlation vs. Golden ButterFly QQQ+Semi. VVSM.DE has the highest portfolio correlation at 0.83, while SHY has the lowest at 0.27.

0.27

0.29

0.35

0.50

0.53

0.72

0.83

Asset Correlations Table

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

	DBC	TLT	SHY	GLD	VIOV	CNDX.L	VVSM.DE
DBC	1.00	-0.12	-0.06	0.30	0.21	0.09	0.13
TLT	-0.12	1.00	0.61	0.24	0.06	0.05	0.03
SHY	-0.06	0.61	1.00	0.36	0.12	0.04	0.02
GLD	0.30	0.24	0.36	1.00	0.13	0.10	0.16
VIOV	0.21	0.06	0.12	0.13	1.00	0.33	0.36
CNDX.L	0.09	0.05	0.04	0.10	0.33	1.00	0.82
VVSM.DE	0.13	0.03	0.02	0.16	0.36	0.82	1.00

The correlation results are calculated based on daily price changes starting from Dec 1, 2020

Diversification Analysis

Find what Golden ButterFly QQQ+Semi is missing

See which holdings overlap, where Golden ButterFly QQQ+Semi is concentrated, and which low-correlation assets could fill the gaps.

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