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F-start
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


BIL 22.58%VTIP 16.58%BSJP 1.62%HEFA 8.53%SMH 5.05%MSFT 3.73%VTI 3.45%DXJ 3.15%BRK-B 2.49%SPG 2.09%MO 2.08%VZ 1.68%T 1.62%PRWCX 25.35%BondBondEquityEquityMulti-AssetMulti-Asset
PositionCategory/SectorWeight
BIL
SPDR Barclays 1-3 Month T-Bill ETF
Government Bonds

22.58%

BRK-B
Berkshire Hathaway Inc.
Financial Services

2.49%

BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
High Yield Bonds

1.62%

DXJ
WisdomTree Japan Hedged Equity Fund
Japan Equities

3.15%

HEFA
iShares Currency Hedged MSCI EAFE ETF
Foreign Large Cap Equities

8.53%

MO
Altria Group, Inc.
Consumer Defensive

2.08%

MSFT
Microsoft Corporation
Technology

3.73%

PRWCX
T. Rowe Price Capital Appreciation Fund
Diversified Portfolio

25.35%

SMH
VanEck Vectors Semiconductor ETF
Technology Equities

5.05%

SPG
Simon Property Group, Inc.
Real Estate

2.09%

T
AT&T Inc.
Communication Services

1.62%

VTI
Vanguard Total Stock Market ETF
Large Cap Growth Equities

3.45%

VTIP
Vanguard Short-Term Inflation-Protected Securities ETF
Inflation-Protected Bonds

16.58%

VZ
Verizon Communications Inc.
Communication Services

1.68%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in F-start, 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 Quarterly


50.00%60.00%70.00%80.00%90.00%100.00%110.00%NovemberDecember2024FebruaryMarchApril
74.16%
98.13%
F-start
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Sep 27, 2017, corresponding to the inception date of BSJP

Returns By Period


Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500
4.14%-4.93%17.59%20.28%11.33%10.22%
F-start4.23%-2.25%12.32%14.92%9.15%N/A
BIL
SPDR Barclays 1-3 Month T-Bill ETF
1.60%0.41%2.64%5.21%1.91%1.26%
VTIP
Vanguard Short-Term Inflation-Protected Securities ETF
0.75%-0.11%3.42%3.58%3.20%1.99%
PRWCX
T. Rowe Price Capital Appreciation Fund
2.03%-2.75%12.07%13.06%10.47%10.33%
HEFA
iShares Currency Hedged MSCI EAFE ETF
7.39%-2.56%17.76%15.54%10.12%8.94%
SMH
VanEck Vectors Semiconductor ETF
13.92%-12.49%41.03%61.40%30.46%27.56%
MSFT
Microsoft Corporation
6.33%-6.91%22.65%40.82%27.37%28.03%
DXJ
WisdomTree Japan Hedged Equity Fund
20.16%-3.11%25.96%49.98%18.51%12.88%
VTI
Vanguard Total Stock Market ETF
3.74%-5.13%18.55%21.46%12.17%11.62%
MO
Altria Group, Inc.
6.66%-2.07%3.13%-0.38%2.76%7.25%
VZ
Verizon Communications Inc.
10.98%1.92%32.53%16.55%-1.59%3.30%
T
AT&T Inc.
1.63%-1.18%10.88%-2.92%0.13%2.45%
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
2.64%0.09%6.59%9.58%4.41%N/A
SPG
Simon Property Group, Inc.
-0.27%-7.52%35.98%34.83%1.18%3.51%
BRK-B
Berkshire Hathaway Inc.
13.58%-1.58%20.61%24.90%13.90%12.31%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20241.82%2.63%2.30%
2023-1.67%-0.54%4.88%2.60%

Expense Ratio

The F-start has a high expense ratio of 0.28%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


0.50%1.00%1.50%2.00%0.68%
0.50%1.00%1.50%2.00%0.48%
0.50%1.00%1.50%2.00%0.35%
0.50%1.00%1.50%2.00%0.35%
0.50%1.00%1.50%2.00%0.14%
0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


F-start
Sharpe ratio
The chart of Sharpe ratio for F-start, currently valued at 2.51, compared to the broader market-1.000.001.002.003.004.002.51
Sortino ratio
The chart of Sortino ratio for F-start, currently valued at 3.85, compared to the broader market-2.000.002.004.006.003.85
Omega ratio
The chart of Omega ratio for F-start, currently valued at 1.45, compared to the broader market0.801.001.201.401.601.801.45
Calmar ratio
The chart of Calmar ratio for F-start, currently valued at 4.02, compared to the broader market0.002.004.006.008.004.02
Martin ratio
The chart of Martin ratio for F-start, currently valued at 13.83, compared to the broader market0.0010.0020.0030.0040.0013.83
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.66, compared to the broader market-1.000.001.002.003.004.001.66
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.44, compared to the broader market-2.000.002.004.006.002.44
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.29, compared to the broader market0.801.001.201.401.601.801.29
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.27, compared to the broader market0.002.004.006.008.001.27
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.65, compared to the broader market0.0010.0020.0030.0040.006.65

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
BIL
SPDR Barclays 1-3 Month T-Bill ETF
19.35166.3479.44241.162,555.57
VTIP
Vanguard Short-Term Inflation-Protected Securities ETF
1.482.511.281.236.00
PRWCX
T. Rowe Price Capital Appreciation Fund
1.422.081.291.936.36
HEFA
iShares Currency Hedged MSCI EAFE ETF
1.632.321.292.348.00
SMH
VanEck Vectors Semiconductor ETF
2.132.981.362.6411.50
MSFT
Microsoft Corporation
1.792.571.312.107.69
DXJ
WisdomTree Japan Hedged Equity Fund
3.204.291.535.8420.30
VTI
Vanguard Total Stock Market ETF
1.722.491.301.336.68
MO
Altria Group, Inc.
-0.060.041.01-0.05-0.14
VZ
Verizon Communications Inc.
0.530.971.120.311.53
T
AT&T Inc.
-0.38-0.360.95-0.26-0.84
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
3.235.301.663.9637.36
SPG
Simon Property Group, Inc.
1.452.181.260.945.21
BRK-B
Berkshire Hathaway Inc.
2.063.001.352.257.79

Sharpe Ratio

The current F-start Sharpe ratio is 2.51. A Sharpe ratio higher than 2.0 is considered very good.

-1.000.001.002.003.004.002.51

The Sharpe ratio of F-start is in the top 25%, it signifies superior risk-adjusted performance. This means that for the level of risk undertaken, the portfolio is generating impressive returns compared to most others.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2024FebruaryMarchApril
2.51
1.66
F-start
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

F-start granted a 3.81% dividend yield in the last twelve months.


TTM20232022202120202019201820172016201520142013
F-start3.81%3.84%6.89%4.14%3.33%3.73%4.02%3.06%1.92%3.70%3.94%2.26%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
5.13%4.92%1.35%0.00%0.30%2.05%1.66%0.68%0.07%0.00%0.00%0.00%
VTIP
Vanguard Short-Term Inflation-Protected Securities ETF
3.33%3.36%6.84%4.68%1.20%1.95%2.45%1.52%0.76%0.00%0.82%0.05%
PRWCX
T. Rowe Price Capital Appreciation Fund
4.07%4.15%9.44%9.23%7.97%5.83%7.46%6.82%3.51%9.86%10.03%6.00%
HEFA
iShares Currency Hedged MSCI EAFE ETF
2.81%3.02%25.14%3.06%2.10%5.37%4.59%2.55%3.17%3.54%3.39%0.00%
SMH
VanEck Vectors Semiconductor ETF
0.52%0.60%2.37%1.02%1.38%6.00%3.75%2.85%1.61%4.28%2.31%3.11%
MSFT
Microsoft Corporation
0.72%0.74%1.06%0.68%0.94%1.20%1.69%1.86%2.37%2.33%2.48%2.59%
DXJ
WisdomTree Japan Hedged Equity Fund
2.57%3.44%3.02%2.64%2.53%2.47%2.92%2.30%1.98%5.95%11.61%2.44%
VTI
Vanguard Total Stock Market ETF
1.44%1.44%1.66%1.21%1.42%1.78%2.04%1.71%1.92%1.98%1.76%1.74%
MO
Altria Group, Inc.
9.22%9.52%8.05%7.43%8.29%6.57%6.07%3.56%3.48%3.73%4.06%4.79%
VZ
Verizon Communications Inc.
6.54%6.96%6.53%4.85%4.21%3.95%4.22%4.39%4.26%4.79%4.57%4.22%
T
AT&T Inc.
6.72%6.62%7.35%11.20%9.58%6.91%9.28%6.68%5.98%7.23%7.25%6.78%
BSJP
Invesco BulletShares 2025 High Yield Corporate Bond ETF
7.24%7.07%5.37%4.27%4.96%5.49%5.84%1.32%0.00%0.00%0.00%0.00%
SPG
Simon Property Group, Inc.
5.41%5.22%5.87%3.66%7.04%5.57%4.70%4.16%3.66%3.11%2.74%3.06%
BRK-B
Berkshire Hathaway Inc.
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-2.50%
-5.46%
F-start
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the F-start. 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 F-start was 18.17%, occurring on Mar 23, 2020. Recovery took 99 trading sessions.

The current F-start drawdown is 2.50%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-18.17%Feb 20, 202023Mar 23, 202099Aug 12, 2020122
-12.66%Jan 5, 2022194Oct 12, 2022160Jun 2, 2023354
-8.5%Sep 24, 201864Dec 24, 201841Feb 25, 2019105
-4.97%Jan 29, 20189Feb 8, 2018115Jul 25, 2018124
-3.81%Sep 3, 202014Sep 23, 202013Oct 12, 202027

Volatility

Volatility Chart

The current F-start volatility is 1.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%NovemberDecember2024FebruaryMarchApril
1.46%
3.15%
F-start
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

BILVTIPMOVZTSPGMSFTSMHDXJBSJPBRK-BHEFAPRWCXVTI
BIL1.00-0.01-0.010.020.01-0.000.030.040.020.03-0.010.020.020.01
VTIP-0.011.000.090.050.070.120.080.07-0.050.230.040.030.170.13
MO-0.010.091.000.370.390.350.160.150.290.280.410.330.330.35
VZ0.020.050.371.000.640.280.180.120.260.240.400.300.350.33
T0.010.070.390.641.000.370.180.210.360.330.490.410.420.43
SPG-0.000.120.350.280.371.000.270.340.410.420.450.470.500.53
MSFT0.030.080.160.180.180.271.000.680.440.530.440.590.740.75
SMH0.040.070.150.120.210.340.681.000.550.570.460.670.710.79
DXJ0.02-0.050.290.260.360.410.440.551.000.470.560.820.600.67
BSJP0.030.230.280.240.330.420.530.570.471.000.510.610.690.71
BRK-B-0.010.040.410.400.490.450.440.460.560.511.000.630.660.69
HEFA0.020.030.330.300.410.470.590.670.820.610.631.000.770.82
PRWCX0.020.170.330.350.420.500.740.710.600.690.660.771.000.93
VTI0.010.130.350.330.430.530.750.790.670.710.690.820.931.00