Brokerage - Theoretical | PortfoliosLab

Asset Allocation

Position	Category/Sector	Target Weight
BORR Borr Drilling Ltd	Energy	6.67%
BP BP p.l.c.	Energy	6.67%
CCJ Cameco Corporation	Energy	6.67%
COP ConocoPhillips Company	Energy	6.67%
CVX Chevron Corporation	Energy	6.67%
ET Energy Transfer LP	Energy	6.67%
HAL Halliburton Company	Energy	6.67%
MPC Marathon Petroleum Corporation	Energy	6.67%
OXY Occidental Petroleum Corporation	Energy	6.67%
PBR Petróleo Brasileiro S.A. - Petrobras	Energy	6.67%
PSX Phillips 66	Energy	6.67%
SHEL Shell plc	Energy	6.67%
TDW Tidewater Inc.	Energy	6.67%
VLO Valero Energy Corporation	Energy	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 Brokerage - Theoretical, 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 6 months.

Loading graphics...

The earliest data available for this chart is May 22, 2018, corresponding to the inception date of BORR

Returns By Period

	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 Brokerage - Theoretical	1.09%	8.53%	41.64%	48.35%	63.50%	21.62%	32.09%	—
Portfolio components:
XOM Exxon Mobil Corporation	-0.06%	5.84%	34.42%	46.62%	40.06%	15.29%	27.66%	11.56%
CVX Chevron Corporation	0.79%	5.40%	31.83%	32.46%	24.90%	9.95%	18.30%	12.53%
SHEL Shell plc	1.16%	13.08%	27.88%	32.18%	33.17%	20.18%	24.80%	11.74%
COP ConocoPhillips Company	1.67%	10.12%	40.51%	42.17%	27.23%	9.86%	23.68%	16.34%
BP BP p.l.c.	2.06%	21.26%	37.43%	42.92%	47.58%	11.66%	19.74%	10.99%
ET Energy Transfer LP	-0.47%	0.37%	16.95%	16.27%	7.94%	23.57%	29.01%	20.87%
VLO Valero Energy Corporation	1.09%	12.12%	50.86%	50.05%	88.04%	24.50%	30.97%	18.97%
PBR Petróleo Brasileiro S.A. - Petrobras	2.39%	21.23%	73.50%	68.74%	53.49%	38.06%	45.50%	26.58%
OXY Occidental Petroleum Corporation	1.19%	17.86%	53.86%	43.88%	30.42%	0.57%	19.64%	2.05%
HAL Halliburton Company	0.45%	8.78%	35.72%	58.32%	52.59%	6.23%	13.83%	3.13%

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

Monthly Returns

Based on dividend-adjusted daily data since May 23, 2018, Brokerage - Theoretical's average daily return is +0.07%, while the average monthly return is +1.51%. At this rate, your investment would double in approximately 3.9 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +37.2%, while the worst month was Mar 2020 at -39.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Brokerage - Theoretical closed higher 52% of trading days. The best single day was Nov 9, 2020 with a return of +15.7%, while the worst single day was Mar 9, 2020 at -21.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	15.67%	10.83%	11.85%	-1.22%									41.64%
2025	1.34%	-1.20%	0.35%	-14.12%	6.94%	7.28%	4.71%	8.97%	-0.09%	1.93%	1.11%	0.60%	17.01%
2024	0.96%	0.30%	11.33%	-1.85%	2.40%	-3.22%	0.77%	-3.77%	-5.48%	-3.93%	5.52%	-6.79%	-5.02%
2023	7.94%	-0.60%	-1.36%	0.20%	-5.61%	9.97%	9.75%	0.44%	5.26%	-4.48%	0.83%	2.32%	25.83%
2022	17.15%	6.83%	16.24%	-0.97%	17.82%	-15.88%	7.94%	6.30%	-8.85%	21.01%	1.22%	-1.66%	79.86%
2021	2.06%	23.52%	-1.53%	0.55%	8.36%	2.79%	-8.80%	0.92%	7.84%	8.18%	-7.07%	3.94%	44.16%

Benchmark Metrics

Brokerage - Theoretical has an annualized alpha of 4.77%, beta of 1.02, and R² of 0.36 versus S&P 500 Index. Calculated based on daily prices since May 23, 2018.

This portfolio captured 113.89% of S&P 500 Index gains and 108.32% of its losses — amplifying both gains and losses, but participating more in upside than downside.
R² of 0.36 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha: 4.77%

Beta: 1.02

R²: 0.36

Upside Capture: 113.89%

Downside Capture: 108.32%

Expense Ratio

Brokerage - Theoretical 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

Brokerage - Theoretical ranks 86 for risk / return — in the top 86% 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	2.26	0.88	+1.38
Sortino ratio Return per unit of downside risk	2.72	1.37	+1.35
Omega ratio Gain probability vs. loss probability	1.40	1.21	+0.19
Calmar ratio Return relative to maximum drawdown	3.09	1.39	+1.70
Martin ratio Return relative to average drawdown	10.90	6.43	+4.46
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	80	1.58	2.06	1.28	2.51	6.57
CVX Chevron Corporation	66	0.98	1.37	1.20	1.19	2.67
SHEL Shell plc	76	1.37	1.81	1.26	1.83	6.59
COP ConocoPhillips Company	63	0.79	1.23	1.16	1.27	2.45
BP BP p.l.c.	78	1.57	1.97	1.28	2.09	6.37
ET Energy Transfer LP	49	0.34	0.63	1.09	0.53	1.46
VLO Valero Energy Corporation	90	2.27	2.76	1.39	4.06	12.02
PBR Petróleo Brasileiro S.A. - Petrobras	79	1.63	2.14	1.30	2.39	4.69
OXY Occidental Petroleum Corporation	62	0.78	1.25	1.17	1.15	2.53
HAL Halliburton Company	74	1.19	1.78	1.24	2.13	4.46

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.

Brokerage - Theoretical Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 2.26
5-Year: 1.16
All Time: 0.40

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 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 Brokerage - Theoretical compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading graphics...

Dividends

Dividend yield

Brokerage - Theoretical provided a 2.44% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.44%	3.33%	4.35%	3.40%	6.16%	4.20%	5.10%	3.77%	3.53%	2.76%	3.08%	4.62%
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%
CVX Chevron Corporation	3.47%	4.49%	4.50%	4.05%	3.16%	4.52%	6.11%	3.95%	4.12%	3.45%	3.64%	4.76%
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%
COP ConocoPhillips Company	2.48%	3.40%	3.35%	3.37%	4.23%	2.70%	4.23%	2.05%	1.86%	1.93%	1.99%	6.30%
BP BP p.l.c.	4.20%	5.64%	6.20%	4.71%	3.94%	4.83%	9.21%	6.52%	6.41%	5.66%	6.37%	7.63%
ET Energy Transfer LP	7.00%	7.97%	6.51%	8.95%	7.33%	7.41%	17.27%	9.51%	9.24%	6.66%	5.90%	7.42%
VLO Valero Energy Corporation	1.88%	2.78%	3.49%	3.14%	3.09%	5.22%	6.93%	3.84%	4.27%	2.34%	3.51%	2.40%
PBR Petróleo Brasileiro S.A. - Petrobras	4.09%	7.10%	14.73%	10.91%	55.64%	18.95%	0.84%	1.59%	1.03%	0.00%	0.00%	0.00%
OXY Occidental Petroleum Corporation	1.56%	2.33%	1.78%	1.21%	0.83%	0.14%	4.74%	7.62%	5.05%	4.15%	4.24%	4.39%
HAL Halliburton Company	1.78%	2.41%	2.50%	1.77%	1.22%	0.79%	1.67%	2.94%	2.71%	1.47%	1.33%	2.12%

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 graphics...

Worst Drawdowns

The table below displays the maximum drawdowns of the Brokerage - Theoretical. 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 Brokerage - Theoretical was 73.27%, occurring on Mar 18, 2020. Recovery took 496 trading sessions.

The current Brokerage - Theoretical drawdown is 2.38%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-73.27%	Oct 10, 2018	361	Mar 18, 2020	496	Mar 7, 2022	857
-35.01%	Apr 8, 2024	252	Apr 8, 2025	189	Jan 8, 2026	441
-28.35%	Jun 8, 2022	25	Jul 14, 2022	80	Nov 4, 2022	105
-12.62%	Mar 6, 2023	8	Mar 15, 2023	80	Jul 11, 2023	88
-10.93%	Apr 19, 2022	5	Apr 25, 2022	15	May 16, 2022	20

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading graphics...

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	CCJ	BORR	PBR	ET	TDW	VLO	MPC	PSX	SHEL	OXY	BP	HAL	CVX	COP	XOM	Portfolio
Benchmark	1.00	0.44	0.27	0.31	0.42	0.30	0.37	0.42	0.38	0.38	0.35	0.36	0.40	0.39	0.37	0.37	0.47
CCJ	0.44	1.00	0.26	0.29	0.34	0.32	0.28	0.32	0.29	0.34	0.31	0.31	0.34	0.31	0.31	0.31	0.48
BORR	0.27	0.26	1.00	0.30	0.36	0.46	0.36	0.37	0.39	0.43	0.45	0.43	0.48	0.41	0.45	0.42	0.61
PBR	0.31	0.29	0.30	1.00	0.41	0.40	0.40	0.42	0.43	0.52	0.49	0.52	0.49	0.51	0.50	0.52	0.62
ET	0.42	0.34	0.36	0.41	1.00	0.43	0.45	0.51	0.50	0.49	0.54	0.49	0.54	0.53	0.54	0.54	0.64
TDW	0.30	0.32	0.46	0.40	0.43	1.00	0.47	0.49	0.50	0.54	0.56	0.55	0.61	0.55	0.58	0.56	0.72
VLO	0.37	0.28	0.36	0.40	0.45	0.47	1.00	0.85	0.82	0.57	0.61	0.59	0.60	0.66	0.65	0.66	0.76
MPC	0.42	0.32	0.37	0.42	0.51	0.49	0.85	1.00	0.80	0.59	0.63	0.61	0.64	0.67	0.66	0.68	0.79
PSX	0.38	0.29	0.39	0.43	0.50	0.50	0.82	0.80	1.00	0.60	0.64	0.62	0.64	0.71	0.70	0.70	0.79
SHEL	0.38	0.34	0.43	0.52	0.49	0.54	0.57	0.59	0.60	1.00	0.66	0.86	0.67	0.72	0.71	0.72	0.79
OXY	0.35	0.31	0.45	0.49	0.54	0.56	0.61	0.63	0.64	0.66	1.00	0.67	0.71	0.73	0.77	0.75	0.82
BP	0.36	0.31	0.43	0.52	0.49	0.55	0.59	0.61	0.62	0.86	0.67	1.00	0.68	0.73	0.72	0.73	0.80
HAL	0.40	0.34	0.48	0.49	0.54	0.61	0.60	0.64	0.64	0.67	0.71	0.68	1.00	0.73	0.74	0.74	0.84
CVX	0.39	0.31	0.41	0.51	0.53	0.55	0.66	0.67	0.71	0.72	0.73	0.73	0.73	1.00	0.81	0.85	0.83
COP	0.37	0.31	0.45	0.50	0.54	0.58	0.65	0.66	0.70	0.71	0.77	0.72	0.74	0.81	1.00	0.80	0.85
XOM	0.37	0.31	0.42	0.52	0.54	0.56	0.66	0.68	0.70	0.72	0.75	0.73	0.74	0.85	0.80	1.00	0.84
Portfolio	0.47	0.48	0.61	0.62	0.64	0.72	0.76	0.79	0.79	0.79	0.82	0.80	0.84	0.83	0.85	0.84	1.00

The correlation results are calculated based on daily price changes starting from May 23, 2018

Brokerage - Theoretical

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