High Dividend

Asset Allocation

Position	Category/Sector	Target Weight
COP ConocoPhillips Company	Energy	8.33%
DTE.DE Deutsche Telekom AG	Communication Services	8.33%
LMT Lockheed Martin Corporation	Industrials	8.33%
MRK Merck & Co., Inc.	Healthcare	8.33%
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	Financial Services	8.33%
NVO Novo Nordisk A/S	Healthcare	8.33%
O Realty Income Corporation	Real Estate	8.33%
ORI Old Republic International Corporation	Financial Services	8.33%
QCOM QUALCOMM Incorporated	Technology	8.33%
RIO Rio Tinto Group	Basic Materials	8.33%
SHEL Shell plc	Energy	8.33%
SIX3.DE Sixt SE	Industrials	8.33%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in High Dividend, 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 21, 2005, corresponding to the inception date of SHEL

Returns By Period

As of Apr 3, 2026, the High Dividend returned 8.79% Year-To-Date and 15.41% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio High Dividend	0.72%	1.43%	8.79%	10.96%	16.35%	12.35%	15.61%	15.41%
Portfolio components:
NVO Novo Nordisk A/S	1.37%	4.40%	-24.78%	-34.84%	-43.28%	-20.60%	3.97%	5.03%
QCOM QUALCOMM Incorporated	-0.38%	-7.61%	-25.39%	-24.04%	-15.78%	2.87%	0.53%	12.71%
SIX3.DE Sixt SE	1.53%	8.85%	4.14%	-3.58%	14.76%	-0.97%	0.68%	8.74%
LMT Lockheed Martin Corporation	0.83%	-6.74%	29.44%	26.33%	41.28%	11.53%	13.95%	13.73%
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	0.39%	3.22%	-4.79%	-2.95%	1.72%	26.16%	19.57%	16.88%
DTE.DE Deutsche Telekom AG	0.00%	-2.57%	13.57%	8.17%	2.95%	18.53%	16.51%	12.41%
MRK Merck & Co., Inc.	0.02%	1.62%	15.68%	37.20%	44.64%	6.77%	13.97%	12.22%
O Realty Income Corporation	0.53%	-6.12%	11.80%	6.39%	15.07%	5.34%	4.90%	5.14%
ORI Old Republic International Corporation	1.97%	-3.95%	-5.66%	1.10%	10.56%	25.94%	22.17%	16.45%
SHEL Shell plc	1.16%	13.08%	27.88%	32.18%	33.17%	20.18%	24.80%	11.74%

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

Monthly Returns

Based on dividend-adjusted daily data since Mar 9, 2007, High Dividend's average daily return is +0.06%, while the average monthly return is +1.14%. At this rate, your investment would double in approximately 5.1 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +18.8%, while the worst month was Mar 2020 at -16.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, High Dividend closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +13.2%, while the worst single day was Mar 12, 2020 at -11.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	5.61%	4.03%	-1.82%	0.87%									8.79%
2025	3.54%	1.45%	0.83%	-1.78%	0.27%	2.00%	-3.97%	5.81%	1.05%	-1.82%	2.18%	3.00%	12.89%
2024	-0.58%	1.45%	6.35%	-0.63%	3.54%	-0.95%	1.16%	4.18%	-0.88%	-2.77%	-0.77%	-5.44%	4.19%
2023	8.50%	-2.31%	1.33%	1.39%	-4.52%	4.39%	2.25%	-1.17%	-2.19%	1.03%	7.23%	3.76%	20.60%
2022	4.14%	0.42%	2.45%	-3.38%	6.05%	-7.86%	3.20%	-2.34%	-7.45%	12.75%	8.00%	-0.36%	14.46%
2021	-2.77%	6.40%	3.22%	3.46%	3.89%	0.63%	1.19%	0.73%	-1.05%	6.11%	-2.37%	4.90%	26.60%

Benchmark Metrics

High Dividend has an annualized alpha of 5.58%, beta of 0.86, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since March 09, 2007.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.01%) than losses (78.55%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 5.58% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.86 and R² of 0.75, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 5.58%

Beta: 0.86

R²: 0.75

Upside Capture: 98.01%

Downside Capture: 78.55%

Expense Ratio

High Dividend 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

High Dividend ranks 54 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.11	0.88	+0.23
Sortino ratio Return per unit of downside risk	1.52	1.37	+0.15
Omega ratio Gain probability vs. loss probability	1.22	1.21	+0.01
Calmar ratio Return relative to maximum drawdown	4.24	1.39	+2.85
Martin ratio Return relative to average drawdown	12.11	6.43	+5.67
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
NVO Novo Nordisk A/S	11	-0.80	-0.97	0.87	-0.78	-1.35
QCOM QUALCOMM Incorporated	21	-0.41	-0.35	0.95	-0.48	-1.18
SIX3.DE Sixt SE	54	0.53	0.93	1.12	0.78	1.32
LMT Lockheed Martin Corporation	81	1.55	1.99	1.29	2.74	7.01
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	38	0.07	0.26	1.04	-0.01	-0.02
DTE.DE Deutsche Telekom AG	39	0.12	0.34	1.04	0.05	0.11
MRK Merck & Co., Inc.	82	1.55	2.20	1.28	2.89	7.69
O Realty Income Corporation	66	0.90	1.29	1.16	1.35	4.03
ORI Old Republic International Corporation	53	0.44	0.69	1.10	0.79	1.94
SHEL Shell plc	76	1.37	1.81	1.26	1.83	6.59

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.

High Dividend Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.11
5-Year: 1.10
10-Year: 0.90
All Time: 0.66

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 0.98 to 1.66, 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 High Dividend 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

High Dividend provided a 4.27% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.27%	4.02%	3.80%	3.77%	4.45%	4.25%	3.78%	4.09%	4.67%	3.32%	3.69%	4.31%
Portfolio components:
NVO Novo Nordisk A/S	4.87%	3.31%	1.68%	1.00%	1.20%	1.35%	1.87%	2.14%	1.45%	1.52%	2.87%	0.92%
QCOM QUALCOMM Incorporated	2.81%	2.06%	2.18%	2.18%	2.67%	1.47%	1.69%	2.81%	4.27%	3.50%	3.17%	3.72%
SIX3.DE Sixt SE	4.84%	5.13%	6.77%	9.14%	6.83%	0.06%	0.09%	3.32%	8.37%	3.16%	3.89%	3.21%
LMT Lockheed Martin Corporation	2.17%	2.76%	2.62%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%
MUV2.DE Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München	3.67%	3.56%	3.08%	3.09%	3.62%	3.76%	4.04%	3.52%	4.51%	4.76%	4.59%	4.20%
DTE.DE Deutsche Telekom AG	5.97%	3.25%	2.67%	3.22%	3.43%	3.68%	8.02%	4.80%	4.39%	4.06%	3.36%	3.00%
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%
O Realty Income Corporation	5.20%	6.19%	5.37%	5.33%	4.68%	3.87%	4.51%	3.69%	4.19%	4.45%	4.18%	4.41%
ORI Old Republic International Corporation	9.12%	6.92%	2.93%	3.33%	7.95%	13.75%	4.26%	8.05%	8.65%	3.55%	3.95%	3.97%
SHEL Shell plc	3.11%	3.90%	4.39%	3.76%	3.48%	3.78%	5.69%	6.27%	6.27%	2.75%	6.49%	8.17%

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 High Dividend. 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 High Dividend was 48.61%, occurring on Mar 9, 2009. Recovery took 400 trading sessions.

The current High Dividend drawdown is 0.97%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-48.61%	May 19, 2008	209	Mar 9, 2009	400	Sep 24, 2010	609
-40.31%	Jan 21, 2020	45	Mar 23, 2020	175	Nov 24, 2020	220
-21.78%	Jul 8, 2011	62	Oct 3, 2011	118	Mar 16, 2012	180
-16.95%	Jun 8, 2022	80	Sep 27, 2022	40	Nov 22, 2022	120
-16.5%	Dec 11, 2007	30	Jan 23, 2008	81	May 16, 2008	111

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 12 assets, with an effective number of assets of 12.00, 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	SIX3.DE	O	NVO	LMT	MRK	DTE.DE	QCOM	MUV2.DE	ORI	COP	RIO	SHEL	Portfolio
Benchmark	1.00	0.33	0.46	0.42	0.46	0.45	0.38	0.65	0.39	0.57	0.52	0.55	0.52	0.78
SIX3.DE	0.33	1.00	0.15	0.19	0.15	0.15	0.38	0.23	0.43	0.20	0.22	0.29	0.28	0.52
O	0.46	0.15	1.00	0.23	0.32	0.31	0.22	0.27	0.18	0.41	0.22	0.25	0.24	0.47
NVO	0.42	0.19	0.23	1.00	0.23	0.35	0.28	0.30	0.25	0.23	0.21	0.27	0.26	0.51
LMT	0.46	0.15	0.32	0.23	1.00	0.33	0.23	0.26	0.22	0.36	0.32	0.27	0.30	0.49
MRK	0.45	0.15	0.31	0.35	0.33	1.00	0.28	0.25	0.23	0.34	0.28	0.25	0.29	0.50
DTE.DE	0.38	0.38	0.22	0.28	0.23	0.28	1.00	0.23	0.56	0.29	0.24	0.30	0.35	0.56
QCOM	0.65	0.23	0.27	0.30	0.26	0.25	0.23	1.00	0.23	0.33	0.32	0.38	0.33	0.57
MUV2.DE	0.39	0.43	0.18	0.25	0.22	0.23	0.56	0.23	1.00	0.32	0.29	0.35	0.38	0.58
ORI	0.57	0.20	0.41	0.23	0.36	0.34	0.29	0.33	0.32	1.00	0.37	0.35	0.34	0.60
COP	0.52	0.22	0.22	0.21	0.32	0.28	0.24	0.32	0.29	0.37	1.00	0.47	0.67	0.63
RIO	0.55	0.29	0.25	0.27	0.27	0.25	0.30	0.38	0.35	0.35	0.47	1.00	0.54	0.67
SHEL	0.52	0.28	0.24	0.26	0.30	0.29	0.35	0.33	0.38	0.34	0.67	0.54	1.00	0.68
Portfolio	0.78	0.52	0.47	0.51	0.49	0.50	0.56	0.57	0.58	0.60	0.63	0.67	0.68	1.00

The correlation results are calculated based on daily price changes starting from Mar 9, 2007

High Dividend

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