ETF Portfolio (Options Focussed)

Asset Allocation

Position	Category/Sector	Target Weight
AMLP Alerian MLP ETF	MLPs	3%
ARKK ARK Innovation ETF	Actively Managed, Technology Equities	5%
DBA Invesco DB Agriculture Fund	Agricultural Commodities	5%
EWZ iShares MSCI Brazil ETF	Latin America Equities	5%
GDX VanEck Gold Miners ETF	Gold, Precious Metals	4%
GLD SPDR Gold Shares	Gold, Precious Metals	10%
IJR iShares Core S&P Small-Cap ETF	Small Cap Blend Equities	5%
SLV iShares Silver Trust	Precious Metals	6%
SOXX iShares Semiconductor ETF	Semiconductors, Technology Equities	2%
SPHY SPDR Portfolio High Yield Bond ETF	High Yield Bonds	10%
SPY State Street SPDR S&P 500 ETF	S&P 500	15%
SRLN SPDR Blackstone Senior Loan ETF	High Yield Bonds	10%
URA Global X Uranium ETF	Commodity Producers Equities	2%
VWO Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	15%
XAR SPDR S&P Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	3%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ETF Portfolio (Options Focussed), 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 Oct 31, 2014, corresponding to the inception date of ARKK

Returns By Period

As of Apr 4, 2026, the ETF Portfolio (Options Focussed) returned 3.03% Year-To-Date and 12.48% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.63%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio ETF Portfolio (Options Focussed)	-0.49%	-2.81%	3.03%	8.31%	45.28%	21.39%	11.82%	12.48%
Portfolio components:
VWO Vanguard FTSE Emerging Markets ETF	-0.72%	-1.88%	0.11%	0.16%	31.31%	13.41%	3.75%	7.73%
SPY State Street SPDR S&P 500 ETF	0.09%	-3.48%	-3.56%	-1.44%	31.28%	18.37%	11.88%	14.11%
EWZ iShares MSCI Brazil ETF	-0.05%	5.47%	20.71%	30.87%	65.04%	19.33%	11.79%	9.62%
SLV iShares Silver Trust	-3.45%	-11.42%	2.13%	51.17%	142.95%	43.94%	23.23%	16.57%
GDX VanEck Gold Miners ETF	-1.48%	-7.10%	10.28%	23.61%	128.59%	43.61%	24.72%	18.24%
GLD SPDR Gold Shares	-1.92%	-7.88%	8.35%	20.07%	53.51%	32.51%	21.53%	13.97%
ARKK ARK Innovation ETF	0.23%	-7.34%	-10.87%	-22.37%	63.47%	20.43%	-10.47%	14.27%
SOXX iShares Semiconductor ETF	0.32%	0.61%	12.84%	21.56%	116.82%	33.13%	19.27%	28.54%
IJR iShares Core S&P Small-Cap ETF	0.41%	-1.59%	4.53%	5.11%	34.37%	10.79%	4.27%	10.05%
URA Global X Uranium ETF	-0.73%	-2.32%	14.44%	3.30%	146.08%	40.85%	24.89%	16.76%

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

Monthly Returns

Based on dividend-adjusted daily data since Nov 3, 2014, ETF Portfolio (Options Focussed)'s average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, your investment would double in approximately 6.6 years.

Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +11.4%, while the worst month was Mar 2020 at -14.4%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ETF Portfolio (Options Focussed) closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +6.7%, while the worst single day was Mar 16, 2020 at -8.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.03%	3.40%	-6.28%	0.26%									3.03%
2025	4.50%	-1.51%	0.42%	0.93%	4.14%	5.71%	0.69%	4.21%	6.36%	1.78%	1.52%	2.51%	35.76%
2024	-1.73%	2.43%	4.08%	-1.10%	3.37%	-0.12%	2.51%	1.38%	3.47%	-0.53%	2.48%	-2.76%	14.03%
2023	7.17%	-4.14%	3.22%	0.20%	-0.76%	4.20%	4.42%	-2.95%	-3.38%	-0.81%	8.00%	3.45%	19.23%
2022	-2.43%	1.56%	1.77%	-6.94%	-0.80%	-7.33%	4.46%	-2.49%	-6.25%	3.29%	6.35%	-2.38%	-11.66%
2021	0.55%	0.76%	0.79%	3.39%	3.15%	0.31%	-1.66%	0.37%	-3.18%	2.99%	-2.28%	2.10%	7.27%

Benchmark Metrics

ETF Portfolio (Options Focussed) has an annualized alpha of 3.07%, beta of 0.65, and R² of 0.71 versus S&P 500 Index. Calculated based on daily prices since November 03, 2014.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (70.41%) than losses (65.54%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 3.07% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.65 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 3.07%

Beta: 0.65

R²: 0.71

Upside Capture: 70.41%

Downside Capture: 65.54%

Expense Ratio

ETF Portfolio (Options Focussed) has an expense ratio of 0.37%, 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.

Top 10 holdings

DBA

Invesco DB Agriculture Fund

AMLP

Alerian MLP ETF

ARKK

ARK Innovation ETF

SRLN

SPDR Blackstone Senior Loan ETF

URA

Global X Uranium ETF

EWZ

iShares MSCI Brazil ETF

GDX

VanEck Gold Miners ETF

SLV

iShares Silver Trust

GLD

SPDR Gold Shares

XAR

SPDR S&P Aerospace & Defense ETF

Return for Risk

Risk / Return Rank

ETF Portfolio (Options Focussed) ranks 85 for risk / return — in the top 85% 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.07	0.88	+1.19
Sortino ratio Return per unit of downside risk	2.67	1.37	+1.30
Omega ratio Gain probability vs. loss probability	1.42	1.21	+0.21
Calmar ratio Return relative to maximum drawdown	3.07	1.39	+1.68
Martin ratio Return relative to average drawdown	11.12	6.43	+4.68
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
VWO Vanguard FTSE Emerging Markets ETF	61	1.22	1.74	1.25	1.78	6.68
SPY State Street SPDR S&P 500 ETF	52	0.92	1.45	1.22	1.51	7.11
EWZ iShares MSCI Brazil ETF	90	2.12	2.68	1.36	4.78	12.71
SLV iShares Silver Trust	80	2.00	2.13	1.38	2.70	8.21
GDX VanEck Gold Miners ETF	89	2.35	2.55	1.37	3.50	12.47
GLD SPDR Gold Shares	78	1.77	2.19	1.32	2.57	9.28
ARKK ARK Innovation ETF	44	0.93	1.56	1.18	1.39	3.54
SOXX iShares Semiconductor ETF	91	2.01	2.62	1.37	4.46	16.48
IJR iShares Core S&P Small-Cap ETF	44	0.87	1.36	1.18	1.44	5.78
URA Global X Uranium ETF	89	2.47	2.97	1.37	4.29	10.20

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.

ETF Portfolio (Options Focussed) Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 2.07
5-Year: 0.86
10-Year: 0.90
All Time: 0.75

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 0.99 to 1.69, 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 ETF Portfolio (Options Focussed) 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

ETF Portfolio (Options Focussed) provided a 2.88% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.88%	2.99%	3.42%	3.38%	3.16%	2.61%	2.25%	2.54%	2.45%	2.02%	2.11%	2.53%
Portfolio components:
VWO Vanguard FTSE Emerging Markets ETF	2.70%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%
SPY State Street SPDR S&P 500 ETF	1.13%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
EWZ iShares MSCI Brazil ETF	4.30%	5.19%	8.91%	5.66%	12.59%	9.87%	1.71%	2.54%	2.89%	1.71%	1.81%	4.08%
SLV iShares Silver Trust	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	0.67%	0.74%	1.19%	1.61%	1.66%	1.67%	0.53%	0.67%	0.50%	0.76%	0.26%	0.85%
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%
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%
SOXX iShares Semiconductor ETF	0.49%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
IJR iShares Core S&P Small-Cap ETF	1.27%	1.44%	2.05%	1.31%	1.41%	1.53%	1.11%	1.44%	1.58%	1.20%	1.22%	1.48%
URA Global X Uranium ETF	4.26%	4.88%	2.86%	6.07%	0.76%	5.84%	1.69%	1.66%	0.44%	2.03%	7.28%	1.96%

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 ETF Portfolio (Options Focussed). 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 ETF Portfolio (Options Focussed) was 28.59%, occurring on Mar 23, 2020. Recovery took 82 trading sessions.

The current ETF Portfolio (Options Focussed) drawdown is 8.28%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-28.59%	Feb 20, 2020	23	Mar 23, 2020	82	Jul 20, 2020	105
-21.18%	Nov 15, 2021	231	Oct 14, 2022	293	Dec 14, 2023	524
-20.23%	May 18, 2015	171	Jan 20, 2016	118	Jul 8, 2016	289
-13.14%	Jan 29, 2018	229	Dec 24, 2018	122	Jun 20, 2019	351
-12.36%	Feb 19, 2025	35	Apr 8, 2025	24	May 13, 2025	59

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 10.78, 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	DBA	GLD	GDX	SLV	AMLP	SRLN	SPHY	EWZ	URA	ARKK	SOXX	XAR	IJR	VWO	SPY	Portfolio
Benchmark	1.00	0.17	0.02	0.17	0.17	0.46	0.50	0.52	0.46	0.51	0.68	0.77	0.70	0.79	0.68	1.00	0.78
DBA	0.17	1.00	0.12	0.14	0.19	0.19	0.13	0.11	0.27	0.23	0.11	0.13	0.14	0.17	0.22	0.17	0.30
GLD	0.02	0.12	1.00	0.78	0.77	0.08	0.08	0.12	0.15	0.22	0.04	0.02	0.05	0.01	0.18	0.02	0.42
GDX	0.17	0.14	0.78	1.00	0.74	0.19	0.14	0.16	0.26	0.34	0.15	0.15	0.17	0.15	0.30	0.17	0.54
SLV	0.17	0.19	0.77	0.74	1.00	0.18	0.16	0.17	0.26	0.32	0.16	0.15	0.16	0.15	0.32	0.17	0.56
AMLP	0.46	0.19	0.08	0.19	0.18	1.00	0.33	0.28	0.38	0.43	0.30	0.32	0.44	0.52	0.39	0.46	0.52
SRLN	0.50	0.13	0.08	0.14	0.16	0.33	1.00	0.41	0.30	0.32	0.40	0.41	0.42	0.46	0.41	0.50	0.50
SPHY	0.52	0.11	0.12	0.16	0.17	0.28	0.41	1.00	0.31	0.33	0.44	0.42	0.40	0.47	0.42	0.52	0.53
EWZ	0.46	0.27	0.15	0.26	0.26	0.38	0.30	0.31	1.00	0.40	0.32	0.36	0.40	0.44	0.65	0.46	0.66
URA	0.51	0.23	0.22	0.34	0.32	0.43	0.32	0.33	0.40	1.00	0.44	0.43	0.48	0.49	0.54	0.51	0.66
ARKK	0.68	0.11	0.04	0.15	0.16	0.30	0.40	0.44	0.32	0.44	1.00	0.66	0.56	0.63	0.55	0.68	0.67
SOXX	0.77	0.13	0.02	0.15	0.15	0.32	0.41	0.42	0.36	0.43	0.66	1.00	0.54	0.64	0.62	0.77	0.67
XAR	0.70	0.14	0.05	0.17	0.16	0.44	0.42	0.40	0.40	0.48	0.56	0.54	1.00	0.77	0.51	0.70	0.66
IJR	0.79	0.17	0.01	0.15	0.15	0.52	0.46	0.47	0.44	0.49	0.63	0.64	0.77	1.00	0.58	0.79	0.72
VWO	0.68	0.22	0.18	0.30	0.32	0.39	0.41	0.42	0.65	0.54	0.55	0.62	0.51	0.58	1.00	0.68	0.82
SPY	1.00	0.17	0.02	0.17	0.17	0.46	0.50	0.52	0.46	0.51	0.68	0.77	0.70	0.79	0.68	1.00	0.78
Portfolio	0.78	0.30	0.42	0.54	0.56	0.52	0.50	0.53	0.66	0.66	0.67	0.67	0.66	0.72	0.82	0.78	1.00

The correlation results are calculated based on daily price changes starting from Nov 3, 2014

ETF Portfolio (Options Focussed)

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

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