Freedom 2029

Asset Allocation

Position	Category/Sector	Target Weight
DGRW WisdomTree U.S. Dividend Growth Fund	Large Cap Growth Equities, Dividend	10%
FSTA Fidelity MSCI Consumer Staples Index ETF	Consumer Staples Equities	10%
FTEC Fidelity MSCI Information Technology Index ETF	Technology Equities	10%
IAU iShares Gold Trust	Gold, Precious Metals	10%
PPA Invesco Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	10%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	10%
VTI Vanguard Total Stock Market ETF	Large Cap Blend Equities	10%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	Inflation-Protected Bonds	10%
VUG Vanguard Growth ETF	Large Cap Growth Equities	10%
XLU Utilities Select Sector SPDR Fund	Utilities Equities	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Freedom 2029, 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 year.

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The earliest data available for this chart is Oct 24, 2013, corresponding to the inception date of FSTA

Returns By Period

As of Apr 3, 2026, the Freedom 2029 returned 2.76% Year-To-Date and 13.54% 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 Freedom 2029	0.05%	-3.72%	2.76%	4.58%	21.45%	18.35%	12.78%	13.54%
Portfolio components:
DGRW WisdomTree U.S. Dividend Growth Fund	-0.03%	-4.33%	-1.26%	-0.51%	11.18%	13.85%	10.87%	13.11%
PPA Invesco Aerospace & Defense ETF	0.01%	-6.82%	8.36%	8.70%	43.44%	28.32%	19.16%	18.03%
SCHD Schwab U.S. Dividend Equity ETF	0.16%	-2.44%	12.35%	13.88%	13.89%	11.70%	8.35%	12.30%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	0.23%	0.26%	1.11%	1.40%	4.15%	4.67%	3.51%	3.08%
VTI Vanguard Total Stock Market ETF	0.16%	-3.26%	-3.13%	-1.24%	17.86%	18.10%	10.66%	13.75%
VUG Vanguard Growth ETF	0.11%	-3.66%	-9.29%	-8.34%	17.67%	21.67%	11.69%	16.20%
FSTA Fidelity MSCI Consumer Staples Index ETF	0.58%	-5.26%	7.12%	6.90%	4.49%	7.42%	7.30%	7.74%
FTEC Fidelity MSCI Information Technology Index ETF	0.86%	-1.39%	-5.31%	-5.60%	30.19%	23.87%	15.25%	21.45%
IAU iShares Gold Trust	-1.94%	-8.32%	8.34%	21.05%	49.18%	32.68%	21.72%	14.14%
XLU Utilities Select Sector SPDR Fund	0.50%	-0.86%	9.31%	6.98%	20.02%	14.75%	11.01%	9.89%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 25, 2013, Freedom 2029's average daily return is +0.05%, while the average monthly return is +1.03%. At this rate, your investment would double in approximately 5.6 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +9.0%, while the worst month was Mar 2020 at -9.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Freedom 2029 closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +7.3%, while the worst single day was Mar 16, 2020 at -8.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.38%	3.27%	-5.34%	0.72%									2.76%
2025	2.65%	0.10%	-1.86%	0.46%	4.37%	3.15%	1.85%	1.94%	3.78%	1.75%	0.39%	0.01%	20.04%
2024	0.26%	3.47%	3.67%	-2.04%	4.30%	1.30%	2.80%	2.70%	2.50%	-0.40%	4.25%	-3.41%	20.82%
2023	3.94%	-2.26%	4.15%	0.89%	-0.46%	4.38%	2.54%	-1.88%	-4.80%	-0.24%	7.22%	3.93%	18.09%
2022	-3.94%	-0.09%	2.97%	-5.20%	-0.31%	-5.14%	5.48%	-2.80%	-8.08%	6.96%	5.36%	-2.85%	-8.57%
2021	-1.71%	0.37%	4.86%	3.54%	1.17%	0.43%	2.10%	1.80%	-4.10%	4.72%	-0.98%	5.06%	18.18%

Benchmark Metrics

Freedom 2029 has an annualized alpha of 4.10%, beta of 0.71, and R² of 0.93 versus S&P 500 Index. Calculated based on daily prices since October 25, 2013.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (79.47%) than losses (66.42%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.10% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 4.10%

Beta: 0.71

R²: 0.93

Upside Capture: 79.47%

Downside Capture: 66.42%

Expense Ratio

Freedom 2029 has an expense ratio of 0.16%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

PPA

Invesco Aerospace & Defense ETF

DGRW

WisdomTree U.S. Dividend Growth Fund

IAU

iShares Gold Trust

XLU

Utilities Select Sector SPDR Fund

FSTA

Fidelity MSCI Consumer Staples Index ETF

FTEC

Fidelity MSCI Information Technology Index ETF

SCHD

Schwab U.S. Dividend Equity ETF

VTIP

Vanguard Short-Term Inflation-Protected Securities ETF

VTI

Vanguard Total Stock Market ETF

VUG

Vanguard Growth ETF

Return for Risk

Risk / Return Rank

Freedom 2029 ranks 77 for risk / return — better than 77% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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	1.67	0.88	+0.79
Sortino ratio Return per unit of downside risk	2.40	1.37	+1.04
Omega ratio Gain probability vs. loss probability	1.37	1.21	+0.16
Calmar ratio Return relative to maximum drawdown	2.42	1.39	+1.03
Martin ratio Return relative to average drawdown	11.15	6.43	+4.72
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
DGRW WisdomTree U.S. Dividend Growth Fund	37	0.73	1.16	1.17	1.02	4.55
PPA Invesco Aerospace & Defense ETF	89	2.01	2.71	1.38	3.30	12.97
SCHD Schwab U.S. Dividend Equity ETF	40	0.89	1.34	1.19	1.09	3.69
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	93	2.18	3.31	1.47	4.13	13.26
VTI Vanguard Total Stock Market ETF	54	0.94	1.47	1.22	1.53	7.16
VUG Vanguard Growth ETF	38	0.78	1.27	1.18	1.13	3.90
FSTA Fidelity MSCI Consumer Staples Index ETF	19	0.33	0.57	1.07	0.48	1.16
FTEC Fidelity MSCI Information Technology Index ETF	59	1.10	1.69	1.24	1.92	5.88
IAU iShares Gold Trust	80	1.78	2.21	1.33	2.58	9.32
XLU Utilities Select Sector SPDR Fund	62	1.27	1.73	1.24	2.24	5.38

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.

Freedom 2029 Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.67
5-Year: 1.06
10-Year: 1.02
All Time: 0.99

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 Freedom 2029 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

Freedom 2029 provided a 1.57% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.57%	1.65%	1.59%	1.76%	2.17%	1.71%	1.57%	1.73%	1.97%	1.61%	1.80%	1.76%
Portfolio components:
DGRW WisdomTree U.S. Dividend Growth Fund	1.43%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
PPA Invesco Aerospace & Defense ETF	0.39%	0.42%	0.61%	0.67%	0.83%	0.59%	0.88%	0.95%	0.90%	0.67%	1.70%	1.41%
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	3.62%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%	0.00%
VTI Vanguard Total Stock Market ETF	1.16%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%
VUG Vanguard Growth ETF	0.45%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%
FSTA Fidelity MSCI Consumer Staples Index ETF	2.22%	2.34%	2.25%	2.66%	2.26%	2.15%	2.47%	2.46%	3.01%	2.42%	2.53%	2.86%
FTEC Fidelity MSCI Information Technology Index ETF	0.45%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
IAU iShares Gold 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%
XLU Utilities Select Sector SPDR Fund	2.57%	2.71%	2.96%	3.39%	2.92%	2.79%	3.14%	2.95%	3.33%	3.33%	3.41%	3.67%

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 Freedom 2029. 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 Freedom 2029 was 27.48%, occurring on Mar 23, 2020. Recovery took 93 trading sessions.

The current Freedom 2029 drawdown is 5.00%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-27.48%	Feb 20, 2020	23	Mar 23, 2020	93	Aug 4, 2020	116
-16.76%	Jan 5, 2022	196	Oct 14, 2022	166	Jun 14, 2023	362
-13.84%	Oct 3, 2018	57	Dec 24, 2018	53	Mar 13, 2019	110
-11.83%	Feb 20, 2025	34	Apr 8, 2025	26	May 15, 2025	60
-9.42%	May 19, 2015	69	Aug 25, 2015	140	Mar 16, 2016	209

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 10 assets, with an effective number of assets of 10.00, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

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	IAU	VTIP	XLU	FSTA	PPA	FTEC	SCHD	VUG	DGRW	VTI	Portfolio
Benchmark	1.00	0.01	0.06	0.39	0.59	0.74	0.89	0.81	0.94	0.95	0.99	0.94
IAU	0.01	1.00	0.36	0.14	0.05	0.03	0.01	0.01	0.01	0.01	0.01	0.19
VTIP	0.06	0.36	1.00	0.17	0.10	0.05	0.04	0.07	0.06	0.06	0.07	0.15
XLU	0.39	0.14	0.17	1.00	0.57	0.36	0.24	0.46	0.29	0.43	0.37	0.54
FSTA	0.59	0.05	0.10	0.57	1.00	0.50	0.41	0.72	0.48	0.68	0.57	0.69
PPA	0.74	0.03	0.05	0.36	0.50	1.00	0.61	0.72	0.63	0.75	0.76	0.79
FTEC	0.89	0.01	0.04	0.24	0.41	0.61	1.00	0.61	0.95	0.81	0.89	0.83
SCHD	0.81	0.01	0.07	0.46	0.72	0.72	0.61	1.00	0.64	0.88	0.81	0.83
VUG	0.94	0.01	0.06	0.29	0.48	0.63	0.95	0.64	1.00	0.84	0.93	0.87
DGRW	0.95	0.01	0.06	0.43	0.68	0.75	0.81	0.88	0.84	1.00	0.94	0.93
VTI	0.99	0.01	0.07	0.37	0.57	0.76	0.89	0.81	0.93	0.94	1.00	0.94
Portfolio	0.94	0.19	0.15	0.54	0.69	0.79	0.83	0.83	0.87	0.93	0.94	1.00

The correlation results are calculated based on daily price changes starting from Oct 25, 2013

Freedom 2029

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