Top 15 companies in 1990

Asset Allocation

Position	Category/Sector	Target Weight
BMY Bristol-Myers Squibb Company	Healthcare	6.67%
DIS The Walt Disney Company	Communication Services	6.67%
GE General Electric Company	Industrials	6.67%
IBM International Business Machines Corporation	Technology	6.67%
JNJ Johnson & Johnson	Healthcare	6.67%
KO The Coca-Cola Company	Consumer Defensive	6.67%
L Loews Corporation	Financial Services	6.67%
LLY Eli Lilly and Company	Healthcare	6.67%
MMM 3M Company	Industrials	6.67%
MRK Merck & Co., Inc.	Healthcare	6.67%
PG The Procter & Gamble Company	Consumer Defensive	6.67%
T AT&T Inc.	Communication Services	6.67%
VZ Verizon Communications Inc.	Communication Services	6.67%
WMT Walmart Inc.	Consumer Defensive	6.67%
XOM Exxon Mobil Corporation	Energy	6.67%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Top 15 companies in 1990, 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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The earliest data available for this chart is Jul 24, 2000, corresponding to the inception date of VZ

Returns By Period

As of Apr 2, 2026, the Top 15 companies in 1990 returned 6.52% Year-To-Date and 12.14% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.72%	-3.54%	-3.95%	-2.09%	15.95%	16.96%	10.34%	12.24%
Portfolio Top 15 companies in 1990	0.05%	-2.72%	6.52%	14.30%	22.02%	22.26%	15.84%	12.14%
Portfolio components:
XOM Exxon Mobil Corporation	-5.23%	4.25%	34.50%	45.79%	39.70%	17.54%	27.68%	11.60%
IBM International Business Machines Corporation	0.31%	1.57%	-17.45%	-14.18%	-0.46%	27.16%	18.43%	9.76%
L Loews Corporation	-0.09%	-4.95%	1.32%	6.60%	16.09%	22.88%	15.75%	11.34%
BMY Bristol-Myers Squibb Company	1.78%	-0.98%	15.79%	33.50%	8.90%	0.70%	3.49%	2.90%
MRK Merck & Co., Inc.	0.46%	0.27%	15.65%	36.22%	43.74%	7.58%	13.97%	12.36%
KO The Coca-Cola Company	0.04%	-4.51%	9.57%	15.52%	8.93%	10.28%	10.95%	8.31%
WMT Walmart Inc.	0.37%	-1.66%	12.19%	22.84%	41.67%	37.98%	24.13%	20.52%
GE General Electric Company	3.14%	-15.22%	-4.84%	-2.47%	44.38%	57.37%	35.26%	7.96%
PG The Procter & Gamble Company	-0.24%	-11.88%	1.26%	-4.60%	-13.20%	1.51%	4.01%	8.53%
VZ Verizon Communications Inc.	-1.61%	-1.18%	23.37%	16.61%	16.28%	15.89%	2.84%	4.47%

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

Monthly Returns

Based on dividend-adjusted daily data since Jul 25, 2000, Top 15 companies in 1990's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, your investment would double in approximately 7.2 years.

Historically, 63% of months were positive and 37% were negative. The best month was Oct 2022 with a return of +13.4%, while the worst month was Feb 2009 at -11.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Top 15 companies in 1990 closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +10.9%, while the worst single day was Mar 12, 2020 at -9.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.58%	6.07%	-4.03%	0.05%									6.52%
2025	5.90%	4.64%	-1.52%	-3.00%	2.33%	2.59%	-1.93%	3.56%	1.64%	1.38%	6.36%	0.15%	23.89%
2024	4.72%	4.59%	5.62%	-2.32%	1.99%	0.95%	3.97%	5.52%	2.37%	-2.86%	5.63%	-4.61%	27.87%
2023	3.15%	-3.83%	2.70%	2.87%	-4.97%	5.03%	0.74%	1.29%	-3.40%	0.00%	5.57%	1.35%	10.32%
2022	1.46%	-1.03%	3.08%	-0.73%	2.80%	-4.31%	1.83%	-3.95%	-6.55%	13.40%	4.64%	-2.88%	6.46%
2021	-0.69%	2.74%	4.84%	1.56%	2.38%	0.88%	0.38%	0.69%	-4.27%	3.11%	-6.32%	7.75%	12.99%

Benchmark Metrics

Top 15 companies in 1990 has an annualized alpha of 4.54%, beta of 0.74, and R² of 0.77 versus S&P 500 Index. Calculated based on daily prices since July 25, 2000.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (79.84%) than losses (65.44%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.54% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 4.54%

Beta: 0.74

R²: 0.77

Upside Capture: 79.84%

Downside Capture: 65.44%

Expense Ratio

Top 15 companies in 1990 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

Top 15 companies in 1990 ranks 66 for risk / return — better than 66% 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.53	0.92	+0.61
Sortino ratio Return per unit of downside risk	2.14	1.41	+0.73
Omega ratio Gain probability vs. loss probability	1.31	1.21	+0.09
Calmar ratio Return relative to maximum drawdown	2.07	1.41	+0.65
Martin ratio Return relative to average drawdown	8.93	6.61	+2.31
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
XOM Exxon Mobil Corporation	81	1.57	2.04	1.27	2.48	6.44
IBM International Business Machines Corporation	37	-0.01	0.20	1.03	0.01	0.02
L Loews Corporation	67	0.87	1.23	1.18	1.34	4.68
BMY Bristol-Myers Squibb Company	47	0.31	0.64	1.08	0.25	0.39
MRK Merck & Co., Inc.	81	1.52	2.17	1.28	2.52	6.65
KO The Coca-Cola Company	56	0.54	0.91	1.10	0.95	1.92
WMT Walmart Inc.	88	1.73	2.66	1.33	3.97	10.92
GE General Electric Company	79	1.37	1.84	1.26	2.25	8.02
PG The Procter & Gamble Company	13	-0.70	-0.87	0.90	-0.72	-1.33
VZ Verizon Communications Inc.	63	0.71	1.25	1.16	1.23	2.80

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.

Top 15 companies in 1990 Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 1.53
5-Year: 1.26
10-Year: 0.81
All Time: 0.57

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 1.01 to 1.70, 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 Top 15 companies in 1990 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

Top 15 companies in 1990 provided a 2.32% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.32%	2.52%	3.61%	3.05%	2.85%	2.92%	3.14%	2.97%	3.35%	3.06%	2.86%	3.04%
Portfolio components:
XOM Exxon Mobil Corporation	2.51%	3.32%	3.57%	3.68%	3.22%	5.70%	8.44%	4.92%	4.74%	3.66%	3.30%	3.69%
IBM International Business Machines Corporation	2.76%	2.27%	3.03%	4.05%	4.68%	4.74%	5.17%	4.80%	5.46%	3.85%	3.31%	3.63%
L Loews Corporation	0.23%	0.24%	0.30%	0.36%	0.43%	0.43%	0.56%	0.48%	0.55%	1.58%	0.53%	0.65%
BMY Bristol-Myers Squibb Company	4.03%	4.60%	4.24%	4.44%	3.00%	2.36%	3.69%	2.55%	3.08%	2.55%	1.95%	2.17%
MRK Merck & Co., Inc.	2.75%	3.12%	3.14%	2.72%	2.52%	3.41%	3.03%	2.48%	2.60%	3.36%	3.14%	3.43%
KO The Coca-Cola Company	2.71%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%
WMT Walmart Inc.	0.76%	0.84%	0.92%	1.45%	1.58%	1.52%	1.50%	1.78%	2.23%	2.07%	2.89%	3.20%
GE General Electric Company	0.53%	0.47%	0.67%	0.25%	0.38%	0.34%	0.37%	4.12%	4.89%	4.81%	2.94%	2.95%
PG The Procter & Gamble Company	2.93%	2.91%	2.36%	2.55%	2.38%	2.08%	2.24%	2.37%	3.09%	2.98%	3.18%	3.31%
VZ Verizon Communications Inc.	5.54%	6.68%	6.68%	6.96%	6.53%	4.85%	4.21%	3.95%	4.22%	4.39%	4.26%	4.79%

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 Top 15 companies in 1990. 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 Top 15 companies in 1990 was 42.61%, occurring on Mar 9, 2009. Recovery took 461 trading sessions.

The current Top 15 companies in 1990 drawdown is 3.98%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-42.61%	Oct 15, 2007	352	Mar 9, 2009	461	Jan 4, 2011	813
-32.33%	May 22, 2001	291	Jul 23, 2002	611	Dec 23, 2004	902
-30.64%	Feb 7, 2020	31	Mar 23, 2020	182	Dec 9, 2020	213
-15.13%	Dec 6, 2000	73	Mar 22, 2001	38	May 16, 2001	111
-14.63%	Apr 22, 2022	112	Sep 30, 2022	37	Nov 22, 2022	149

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	WMT	BMY	LLY	XOM	MRK	KO	PG	DIS	VZ	T	GE	JNJ	IBM	L	MMM	Portfolio
Benchmark	1.00	0.47	0.44	0.47	0.54	0.44	0.46	0.44	0.64	0.45	0.47	0.64	0.45	0.63	0.63	0.65	0.81
WMT	0.47	1.00	0.27	0.30	0.26	0.29	0.35	0.39	0.32	0.34	0.33	0.32	0.34	0.35	0.32	0.36	0.54
BMY	0.44	0.27	1.00	0.47	0.29	0.51	0.32	0.33	0.31	0.33	0.32	0.29	0.45	0.30	0.34	0.34	0.60
LLY	0.47	0.30	0.47	1.00	0.27	0.50	0.32	0.35	0.29	0.31	0.29	0.32	0.46	0.31	0.32	0.34	0.59
XOM	0.54	0.26	0.29	0.27	1.00	0.31	0.33	0.31	0.36	0.32	0.36	0.42	0.32	0.39	0.49	0.43	0.59
MRK	0.44	0.29	0.51	0.50	0.31	1.00	0.37	0.38	0.30	0.36	0.34	0.30	0.51	0.31	0.35	0.34	0.61
KO	0.46	0.35	0.32	0.32	0.33	0.37	1.00	0.53	0.33	0.39	0.38	0.32	0.43	0.35	0.37	0.40	0.59
PG	0.44	0.39	0.33	0.35	0.31	0.38	0.53	1.00	0.31	0.39	0.38	0.30	0.47	0.34	0.35	0.40	0.59
DIS	0.64	0.32	0.31	0.29	0.36	0.30	0.33	0.31	1.00	0.35	0.37	0.47	0.30	0.43	0.46	0.45	0.63
VZ	0.45	0.34	0.33	0.31	0.32	0.36	0.39	0.39	0.35	1.00	0.67	0.33	0.38	0.37	0.36	0.36	0.62
T	0.47	0.33	0.32	0.29	0.36	0.34	0.38	0.38	0.37	0.67	1.00	0.37	0.36	0.39	0.40	0.37	0.63
GE	0.64	0.32	0.29	0.32	0.42	0.30	0.32	0.30	0.47	0.33	0.37	1.00	0.31	0.46	0.48	0.52	0.65
JNJ	0.45	0.34	0.45	0.46	0.32	0.51	0.43	0.47	0.30	0.38	0.36	0.31	1.00	0.35	0.37	0.41	0.62
IBM	0.63	0.35	0.30	0.31	0.39	0.31	0.35	0.34	0.43	0.37	0.39	0.46	0.35	1.00	0.45	0.48	0.63
L	0.63	0.32	0.34	0.32	0.49	0.35	0.37	0.35	0.46	0.36	0.40	0.48	0.37	0.45	1.00	0.51	0.66
MMM	0.65	0.36	0.34	0.34	0.43	0.34	0.40	0.40	0.45	0.36	0.37	0.52	0.41	0.48	0.51	1.00	0.68
Portfolio	0.81	0.54	0.60	0.59	0.59	0.61	0.59	0.59	0.63	0.62	0.63	0.65	0.62	0.63	0.66	0.68	1.00

The correlation results are calculated based on daily price changes starting from Jul 25, 2000

Top 15 companies in 1990

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