Asset Allocation
Find the right asset allocation for 2026-9
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio OptimizerPerformance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 2026-9, 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.
Loading charts...
Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio 2026-9 | 0.70% | 3.36% | 24.69% | 25.40% | — | — | — | — |
| Portfolio components: | ||||||||
0883.HK CNOOC Ltd | 0.82% | -3.67% | 18.76% | 21.18% | 41.57% | 39.59% | 34.22% | 18.61% |
1308.HK SITC International Holdings Co Ltd | 2.51% | -0.89% | 30.04% | 29.53% | 46.84% | 48.59% | 16.20% | 35.70% |
AIPO Defiance AI & Power Infrastructure ETF | 1.81% | -2.51% | 42.18% | 37.77% | — | — | — | — |
ATI Allegheny Technologies Incorporated | -0.51% | 28.70% | 72.95% | 82.16% | 133.59% | 69.52% | 52.82% | 31.31% |
KMLM KFA Mount Lucas Index Strategy ETF | -0.53% | -5.80% | 8.32% | 9.68% | 13.24% | -1.51% | 4.11% | — |
RHM.DE Rheinmetall AG | -1.29% | 7.10% | -23.20% | -25.88% | -32.09% | 74.89% | 70.12% | 38.99% |
SGOL abrdn Physical Gold Shares ETF | 0.10% | -7.35% | -2.39% | -2.15% | 22.44% | 29.18% | 17.34% | 12.34% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.02% | 0.26% | 1.61% | 1.78% | 3.91% | 4.71% | 3.56% | — |
SHLD Global X Defense Tech ETF | -2.04% | 2.37% | -1.50% | -1.03% | 8.26% | — | — | — |
SMH VanEck Semiconductor ETF | 1.72% | 11.44% | 72.15% | 75.62% | 141.99% | 60.05% | 38.42% | 37.49% |
Monthly Returns
Based on dividend-adjusted daily data since Jul 25, 2025, 2026-9's average daily return is +0.15%, while the average monthly return is +2.86%. At this rate, an investment would double in approximately 2.0 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +10.1%, while the worst month was Mar 2026 at -3.6%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 1 months.
On a daily basis, 2026-9 closed higher 61% of trading days. The best single day was Jun 11, 2026 with a return of +3.3%, while the worst single day was Jun 5, 2026 at -3.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.47% | 4.04% | -3.60% | 10.05% | 4.52% | -0.35% | 24.69% | ||||||
| 2025 | -1.54% | 2.33% | 7.96% | 2.41% | -2.42% | 2.43% | 11.35% |
Benchmark Metrics
2026-9 has an annualized alpha of 20.87%, beta of 0.98, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since July 25, 2025.
- This portfolio captured 136.91% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.53%) - a profile typical of hedging or uncorrelated assets.
- This portfolio generated an annualized alpha of 20.87% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.98 and R2 of 0.60, 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
- 20.87%
- Beta
- 0.98
- R²
- 0.60
- Upside Capture
- 136.91%
- Downside Capture
- -7.53%
Expense Ratio
2026-9 has an expense ratio of 0.31%, 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.
Return for Risk
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for 2026-9 and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | 1.86 | — |
| Sortino ratioReturn per unit of downside risk | — | 2.53 | — |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
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 |
|---|---|---|---|---|---|---|
0883.HK CNOOC Ltd | 81 | 1.61 | 2.27 | 1.28 | 2.66 | 7.01 |
1308.HK SITC International Holdings Co Ltd | 81 | 1.56 | 2.23 | 1.26 | 3.07 | 7.06 |
AIPO Defiance AI & Power Infrastructure ETF | — | — | — | — | — | — |
ATI Allegheny Technologies Incorporated | 94 | 3.21 | 3.39 | 1.51 | 5.40 | 13.48 |
KMLM KFA Mount Lucas Index Strategy ETF | 34 | 1.06 | 1.49 | 1.19 | 1.78 | 5.86 |
RHM.DE Rheinmetall AG | 14 | -0.67 | -0.75 | 0.91 | -0.70 | -1.51 |
SGOL abrdn Physical Gold Shares ETF | 26 | 0.89 | 1.26 | 1.19 | 0.99 | 2.85 |
SGOV iShares 0-3 Month Treasury Bond ETF | 100 | 20.28 | 275.69 | 195.55 | 398.20 | 4,461.98 |
SHLD Global X Defense Tech ETF | 16 | 0.43 | 0.78 | 1.09 | 0.52 | 1.28 |
SMH VanEck Semiconductor ETF | 95 | 4.13 | 4.26 | 1.60 | 9.18 | 33.74 |
Loading charts...
Dividends
Dividend yield
2026-9 provided a 2.48% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.48% | 2.71% | 2.35% | 3.10% | 5.47% | 2.72% | 1.59% | 1.60% | 1.78% | 1.22% | 1.26% | 1.42% |
| Portfolio components: | ||||||||||||
0883.HK CNOOC Ltd | 5.14% | 6.53% | 7.32% | 10.31% | 18.84% | 6.85% | 9.05% | 5.63% | 4.96% | 3.83% | 3.81% | 7.06% |
1308.HK SITC International Holdings Co Ltd | 8.70% | 9.69% | 7.83% | 16.32% | 21.89% | 8.51% | 4.69% | 4.63% | 6.10% | 3.37% | 5.51% | 5.35% |
AIPO Defiance AI & Power Infrastructure ETF | 0.01% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ATI Allegheny Technologies Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.51% | 5.51% |
KMLM KFA Mount Lucas Index Strategy ETF | 4.64% | 5.02% | 0.82% | 0.00% | 13.22% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RHM.DE Rheinmetall AG | 0.95% | 0.52% | 0.93% | 1.50% | 1.77% | 2.41% | 2.77% | 2.05% | 2.20% | 1.37% | 1.72% | 0.49% |
SGOL abrdn Physical Gold Shares 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHLD Global X Defense Tech ETF | 0.56% | 0.55% | 0.53% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Semiconductor ETF | 0.18% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the 2026-9. 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 2026-9 was 6.92%, occurring on Mar 30, 2026. Recovery took 6 trading sessions.
The current 2026-9 drawdown is 2.05%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 pullback2026 | -6.92%Mar 2026 | 1mo 2d | 9d | 1mo 11dFeb 2026 - Apr 2026 |
2025 pullback2025 | -6.75%Nov 2025 | 10d | 1mo 12d | 1mo 22dNov 2025 - Jan 2026 |
2026 pullback2026 | -5.87%Jun 2026 | 7d | — | 12d 18hJun 2026 - now |
2026 pullback2026 | -5.47%Feb 2026 | 7d | 14d | 21dJan 2026 - Feb 2026 |
2026 pullback2026 | -3.22%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 11 assets, with an effective number of assets of 8.79, 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
All Time | |
|---|---|
Diversification Ratio | 1.70 |
The portfolio has a diversification ratio of 1.70, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
2026-9 correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.75 |
Benchmark Correlations
Correlation vs. S&P 500 Index. SMH has the highest benchmark correlation at 0.79, while SGOV has the lowest at -0.11.
Asset Correlations Table
| KMLM | 0883.HK | SGOV | 1308.HK | RHM.DE | SGOL | ATI | SHLD | VYMI | SMH | AIPO | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KMLM | 1.00 | 0.08 | 0.02 | 0.05 | 0.03 | 0.13 | -0.10 | 0.05 | 0.02 | -0.02 | -0.00 |
| 0883.HK | 0.08 | 1.00 | 0.01 | 0.21 | -0.05 | -0.01 | -0.06 | -0.03 | 0.03 | 0.05 | 0.00 |
| SGOV | 0.02 | 0.01 | 1.00 | 0.07 | -0.01 | 0.01 | -0.12 | -0.06 | -0.10 | -0.13 | -0.15 |
| 1308.HK | 0.05 | 0.21 | 0.07 | 1.00 | 0.07 | 0.16 | 0.01 | 0.07 | 0.09 | 0.07 | 0.07 |
| RHM.DE | 0.03 | -0.05 | -0.01 | 0.07 | 1.00 | 0.24 | 0.15 | 0.67 | 0.23 | 0.11 | 0.15 |
| SGOL | 0.13 | -0.01 | 0.01 | 0.16 | 0.24 | 1.00 | 0.22 | 0.33 | 0.45 | 0.28 | 0.30 |
| ATI | -0.10 | -0.06 | -0.12 | 0.01 | 0.15 | 0.22 | 1.00 | 0.40 | 0.44 | 0.49 | 0.58 |
| SHLD | 0.05 | -0.03 | -0.06 | 0.07 | 0.67 | 0.33 | 0.40 | 1.00 | 0.39 | 0.31 | 0.44 |
| VYMI | 0.02 | 0.03 | -0.10 | 0.09 | 0.23 | 0.45 | 0.44 | 0.39 | 1.00 | 0.52 | 0.50 |
| SMH | -0.02 | 0.05 | -0.13 | 0.07 | 0.11 | 0.28 | 0.49 | 0.31 | 0.52 | 1.00 | 0.82 |
| AIPO | -0.00 | 0.00 | -0.15 | 0.07 | 0.15 | 0.30 | 0.58 | 0.44 | 0.50 | 0.82 | 1.00 |
Find what 2026-9 is missing
See which holdings overlap, where 2026-9 is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification