Top 15 companies in 1990

Asset Allocation

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

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 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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Returns By Period

As of Jun 6, 2026, the Top 15 companies in 1990 returned 7.57% Year-To-Date and 11.96% of annualized return in the last 10 years.

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 Top 15 companies in 1990	-0.53%	3.24%	7.57%	10.36%	22.19%	22.24%	15.00%	11.96%
Portfolio components:
BMY Bristol-Myers Squibb Company	-2.97%	-1.05%	5.31%	9.94%	20.53%	-0.49%	0.76%	0.79%
DIS The Walt Disney Company	-0.84%	-8.47%	-13.10%	-7.52%	-12.24%	3.25%	-10.48%	0.98%
GE General Electric Company	-1.82%	8.38%	4.70%	12.43%	26.65%	56.82%	36.95%	9.67%
IBM International Business Machines Corporation	-1.41%	22.22%	-3.95%	-7.98%	7.12%	31.74%	18.84%	11.34%
JNJ Johnson & Johnson	-0.26%	5.50%	13.43%	16.43%	53.49%	16.56%	10.04%	10.06%
KO The Coca-Cola Company	0.08%	1.43%	14.56%	14.00%	14.71%	12.88%	10.72%	8.99%
L Loews Corporation	-1.49%	1.46%	0.74%	4.62%	19.16%	21.69%	13.82%	10.90%
LLY Eli Lilly and Company	1.57%	21.37%	7.29%	15.58%	50.32%	38.07%	39.75%	33.71%
MMM 3M Company	0.06%	7.92%	-2.97%	-5.26%	7.72%	26.44%	1.64%	4.22%
MRK Merck & Co., Inc.	-1.05%	7.31%	14.39%	22.75%	56.85%	5.78%	13.57%	11.61%

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

Monthly Returns

Based on dividend-adjusted daily data since Jul 5, 2000, Top 15 companies in 1990's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.

Historically, 62% of months were positive and 38% 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%	-0.63%	2.10%	-0.41%							7.57%
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 4.12%, beta of 0.74, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since July 05, 2000.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (77.92%) than losses (65.67%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.12% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 4.12%

Beta: 0.74

R²: 0.77

Upside Capture: 77.92%

Downside Capture: 65.67%

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 46 for risk / return — on par with similar Portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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 Top 15 companies in 1990 and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.08	1.94	+0.15
Sortino ratioReturn per unit of downside risk	3.19	2.63	+0.57
Omega ratioGain probability vs. loss probability	1.37	1.35	+0.01
Calmar ratioReturn relative to maximum drawdown	3.28	2.59	+0.69
Martin ratioReturn relative to average drawdown	8.72	11.84	-3.13
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
BMY Bristol-Myers Squibb Company	65	0.76	1.29	1.15	1.51	3.29
DIS The Walt Disney Company	21	-0.51	-0.57	0.93	-0.49	-1.00
GE General Electric Company	66	0.85	1.32	1.17	1.28	3.45
IBM International Business Machines Corporation	47	0.18	0.53	1.07	0.23	0.50
JNJ Johnson & Johnson	95	3.19	4.65	1.57	4.91	14.52
KO The Coca-Cola Company	69	0.90	1.49	1.16	1.87	3.66
L Loews Corporation	75	1.20	1.66	1.22	2.41	6.27
LLY Eli Lilly and Company	77	1.33	1.90	1.26	2.14	5.32
MMM 3M Company	50	0.30	0.61	1.07	0.41	0.92
MRK Merck & Co., Inc.	90	2.10	3.05	1.36	5.03	12.59

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 Jun 6, 2026 (values are recalculated daily):

1-Year: 2.08
5-Year: 1.18
10-Year: 0.80
All Time: 0.56

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 1.64 to 2.53, 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 2.43% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.43%	2.52%	3.61%	3.05%	2.85%	2.92%	3.14%	2.97%	3.35%	3.06%	2.86%	3.04%
Portfolio components:
BMY Bristol-Myers Squibb Company	4.50%	4.60%	4.24%	4.44%	3.00%	2.36%	3.69%	2.55%	3.08%	2.55%	1.95%	2.17%
DIS The Walt Disney Company	1.26%	1.10%	0.85%	0.33%	0.00%	0.00%	0.00%	1.22%	1.57%	1.51%	1.43%	1.30%
GE General Electric Company	0.48%	0.47%	0.67%	0.25%	0.38%	0.34%	0.37%	4.12%	4.89%	4.81%	2.94%	2.95%
IBM International Business Machines Corporation	2.40%	2.27%	3.03%	4.05%	4.68%	4.74%	5.17%	4.80%	5.46%	3.85%	3.31%	3.63%
JNJ Johnson & Johnson	2.26%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%
KO The Coca-Cola Company	2.59%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%
L Loews Corporation	0.24%	0.24%	0.30%	0.36%	0.43%	0.43%	0.56%	0.48%	0.55%	1.58%	0.53%	0.65%
LLY Eli Lilly and Company	0.56%	0.56%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.94%	2.46%	2.77%	2.37%
MMM 3M Company	1.96%	1.82%	16.27%	5.49%	4.97%	3.33%	3.36%	3.26%	2.86%	2.00%	2.49%	2.72%
MRK Merck & Co., Inc.	2.78%	3.12%	3.14%	2.72%	2.52%	3.41%	3.03%	2.48%	2.60%	3.36%	3.14%	3.43%

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 2.51%.

Related event	Drawdown	Fall	Recovery	Underwater
Financial crisis2007–2009	-42.61%Mar 2009	1y 4mo	1y 10mo	3y 2moOct 2007 - Jan 2011
Dot-com crash2000–2002	-32.33%Jul 2002	1y 2mo	2y 5mo	3y 7moMay 2001 - Dec 2004
COVID crash2020	-30.64%Mar 2020	1mo 15d	8mo 21d	10mo 6dFeb 2020 - Dec 2020
Dot-com crash2000–2002	-15.13%Mar 2001	3mo 16d	1mo 25d	5mo 11dDec 2000 - May 2001
Bear market2022	-14.63%Sep 2022	5mo 11d	1mo 23d	7mo 4dApr 2022 - Nov 2022

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. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	2.33	2.04	1.88	1.64	1.54

The portfolio has a diversification ratio of 1.54, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Top 15 companies in 1990 correlation to the S&P 500 Index

Top 15 companies in 1990 has a 0.30 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	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jul 5, 2000	0.80

Benchmark Correlations

Correlation vs. S&P 500 Index. MMM has the highest benchmark correlation at 0.64, while BMY has the lowest at 0.43.

BMY

0.43

MRK

0.44

0.45

0.45

0.46

0.47

0.53

0.62

0.63

DIS

0.64

MMM

0.64

Portfolio Correlations

Correlation vs. Top 15 companies in 1990. MMM has the highest portfolio correlation at 0.68, while WMT has the lowest at 0.54.

0.54

0.58

0.59

0.60

0.61

0.62

JNJ

0.62

DIS

0.62

IBM

0.63

0.65

0.66

MMM

0.68

Asset Correlations Table

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

	WMT	LLY	BMY	XOM	MRK	KO	PG	DIS	VZ	T	GE	IBM	JNJ	L	MMM
WMT	1.00	0.30	0.27	0.26	0.29	0.35	0.39	0.32	0.34	0.33	0.31	0.34	0.34	0.32	0.36
LLY	0.30	1.00	0.46	0.27	0.50	0.32	0.35	0.28	0.31	0.29	0.32	0.30	0.46	0.31	0.34
BMY	0.27	0.46	1.00	0.29	0.50	0.32	0.33	0.30	0.33	0.31	0.29	0.30	0.46	0.34	0.34
XOM	0.26	0.27	0.29	1.00	0.31	0.33	0.30	0.36	0.32	0.35	0.41	0.38	0.32	0.48	0.42
MRK	0.29	0.50	0.50	0.31	1.00	0.36	0.38	0.29	0.36	0.34	0.29	0.30	0.51	0.35	0.34
KO	0.35	0.32	0.32	0.33	0.36	1.00	0.53	0.33	0.39	0.38	0.32	0.35	0.42	0.37	0.39
PG	0.39	0.35	0.33	0.30	0.38	0.53	1.00	0.31	0.39	0.38	0.30	0.33	0.47	0.35	0.40
DIS	0.32	0.28	0.30	0.36	0.29	0.33	0.31	1.00	0.35	0.37	0.46	0.43	0.30	0.46	0.45
VZ	0.34	0.31	0.33	0.32	0.36	0.39	0.39	0.35	1.00	0.67	0.33	0.37	0.38	0.36	0.36
T	0.33	0.29	0.31	0.35	0.34	0.38	0.38	0.37	0.67	1.00	0.36	0.39	0.36	0.40	0.37
GE	0.31	0.32	0.29	0.41	0.29	0.32	0.30	0.46	0.33	0.36	1.00	0.46	0.31	0.48	0.52
IBM	0.34	0.30	0.30	0.38	0.30	0.35	0.33	0.43	0.37	0.39	0.46	1.00	0.34	0.44	0.47
JNJ	0.34	0.46	0.46	0.32	0.51	0.42	0.47	0.30	0.38	0.36	0.31	0.34	1.00	0.37	0.41
L	0.32	0.31	0.34	0.48	0.35	0.37	0.35	0.46	0.36	0.40	0.48	0.44	0.37	1.00	0.51
MMM	0.36	0.34	0.34	0.42	0.34	0.39	0.40	0.45	0.36	0.37	0.52	0.47	0.41	0.51	1.00

The correlation results are calculated based on daily price changes starting from Jul 5, 2000

Diversification Analysis

Find what Top 15 companies in 1990 is missing

See which holdings overlap, where Top 15 companies in 1990 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification