Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ETF Portfolio (Optimized for Holding), 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 22, 2024, corresponding to the inception date of EUAD
Returns By Period
| 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 (Optimized for Holding) | -0.79% | -3.85% | 3.43% | 10.69% | 48.97% | — | — | — |
| Portfolio components: | ||||||||
SPYM State Street SPDR Portfolio S&P 500 ETF | 0.09% | -3.48% | -3.54% | -1.42% | 31.33% | 18.45% | 11.96% | 14.24% |
VWO Vanguard FTSE Emerging Markets ETF | -0.72% | -1.88% | 0.11% | 0.16% | 31.31% | 13.41% | 3.75% | 7.73% |
IJR iShares Core S&P Small-Cap ETF | 0.41% | -1.59% | 4.53% | 5.11% | 34.37% | 10.79% | 4.27% | 10.05% |
IAUM iShares Gold Trust Micro | -1.96% | -7.95% | 8.33% | 20.21% | 53.85% | 32.93% | — | — |
EUAD Select STOXX Europe Aerospace & Defense ETF | -1.35% | -3.00% | 0.66% | -9.88% | 40.30% | — | — | — |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 0.51% | 3.94% | 21.34% | 27.75% | 62.99% | 12.20% | 12.51% | 12.32% |
AMLP Alerian MLP ETF | 0.54% | -0.55% | 13.62% | 17.01% | 20.81% | 19.26% | 20.26% | 8.79% |
MEDX Horizon Kinetics Medical ETF | -1.22% | -1.69% | 0.28% | 6.14% | 34.28% | 6.21% | — | — |
FEZ SPDR EURO STOXX 50 ETF | -0.94% | -1.81% | -2.86% | -0.65% | 27.88% | 14.64% | 9.84% | 9.77% |
XAR SPDR S&P Aerospace & Defense ETF | -0.14% | -6.84% | 7.65% | 7.96% | 79.79% | 30.77% | 16.06% | 18.38% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 23, 2024, ETF Portfolio (Optimized for Holding)'s average daily return is +0.10%, while the average monthly return is +1.89%. At this rate, your investment would double in approximately 3.1 years.
Historically, 79% of months were positive and 21% were negative. The best month was Sep 2025 with a return of +7.1%, while the worst month was Mar 2026 at -8.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.
On a daily basis, ETF Portfolio (Optimized for Holding) closed higher 60% of trading days. The best single day was Apr 9, 2025 with a return of +6.5%, while the worst single day was Jan 30, 2026 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.93% | 5.39% | -8.39% | 0.20% | 3.43% | ||||||||
| 2025 | 5.31% | 0.14% | 2.86% | 1.30% | 3.49% | 4.48% | -0.06% | 4.72% | 7.14% | 1.53% | 3.08% | 3.36% | 44.10% |
| 2024 | -2.37% | 0.85% | -3.98% | -5.45% |
Benchmark Metrics
ETF Portfolio (Optimized for Holding) has an annualized alpha of 20.81%, beta of 0.66, and R² of 0.48 versus S&P 500 Index. Calculated based on daily prices since October 23, 2024.
- This portfolio captured 121.95% of S&P 500 Index gains but only 14.20% of its losses — a favorable profile for investors.
- Beta of 0.66 may look defensive, but with R² of 0.48 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.48 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
- 20.81%
- Beta
- 0.66
- R²
- 0.48
- Upside Capture
- 121.95%
- Downside Capture
- 14.20%
Expense Ratio
ETF Portfolio (Optimized for Holding) has an expense ratio of 0.33%, 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
Return for Risk
Risk / Return Rank
ETF Portfolio (Optimized for Holding) ranks 83 for risk / return — in the top 83% 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 0.88 | +1.14 |
Sortino ratioReturn per unit of downside risk | 2.52 | 1.37 | +1.16 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.90 | 1.39 | +1.51 |
Martin ratioReturn relative to average drawdown | 10.94 | 6.43 | +4.50 |
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 | |
|---|---|---|---|---|---|---|
SPYM State Street SPDR Portfolio S&P 500 ETF | 53 | 0.97 | 1.48 | 1.23 | 1.52 | 7.13 |
VWO Vanguard FTSE Emerging Markets ETF | 61 | 1.22 | 1.74 | 1.25 | 1.78 | 6.68 |
IJR iShares Core S&P Small-Cap ETF | 44 | 0.87 | 1.36 | 1.18 | 1.44 | 5.78 |
IAUM iShares Gold Trust Micro | 79 | 1.80 | 2.23 | 1.33 | 2.60 | 9.38 |
EUAD Select STOXX Europe Aerospace & Defense ETF | 41 | 0.93 | 1.39 | 1.18 | 1.26 | 3.66 |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 94 | 2.48 | 3.06 | 1.48 | 3.49 | 19.55 |
AMLP Alerian MLP ETF | 23 | 0.50 | 0.75 | 1.11 | 0.61 | 1.55 |
MEDX Horizon Kinetics Medical ETF | 63 | 1.17 | 1.71 | 1.22 | 2.38 | 7.56 |
FEZ SPDR EURO STOXX 50 ETF | 41 | 0.86 | 1.33 | 1.18 | 1.30 | 4.69 |
XAR SPDR S&P Aerospace & Defense ETF | 88 | 2.07 | 2.75 | 1.35 | 3.54 | 12.22 |
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Dividends
Dividend yield
ETF Portfolio (Optimized for Holding) 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% | 1.71% | 2.11% | 2.12% | 2.37% | 2.30% | 1.55% | 1.77% | 1.86% | 1.46% | 1.56% | 2.10% |
| Portfolio components: | ||||||||||||
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.15% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
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% |
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% |
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.40% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GUNR FlexShares Morningstar Global Upstream Natural Resources Index Fund | 2.20% | 2.81% | 3.39% | 3.55% | 4.12% | 3.61% | 2.79% | 3.25% | 3.27% | 2.00% | 1.73% | 4.50% |
AMLP Alerian MLP ETF | 7.58% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
MEDX Horizon Kinetics Medical ETF | 1.23% | 1.23% | 1.92% | 4.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEZ SPDR EURO STOXX 50 ETF | 2.78% | 2.78% | 2.94% | 2.75% | 3.06% | 2.61% | 2.13% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% |
XAR SPDR S&P Aerospace & Defense ETF | 0.34% | 0.40% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.09% | 2.31% |
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 (Optimized for Holding). 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 (Optimized for Holding) was 12.87%, occurring on Mar 20, 2026. The portfolio has not yet recovered.
The current ETF Portfolio (Optimized for Holding) drawdown is 9.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.87% | Jan 29, 2026 | 36 | Mar 20, 2026 | — | — | — |
| -11.11% | Mar 20, 2025 | 14 | Apr 8, 2025 | 13 | Apr 28, 2025 | 27 |
| -5.64% | Oct 23, 2024 | 40 | Dec 18, 2024 | 27 | Jan 30, 2025 | 67 |
| -4.01% | Nov 13, 2025 | 6 | Nov 20, 2025 | 5 | Nov 28, 2025 | 11 |
| -3.81% | Oct 21, 2025 | 11 | Nov 4, 2025 | 6 | Nov 12, 2025 | 17 |
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 11.29, 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
| Benchmark | AMLP | IAUM | MEDX | INDA | EUAD | SLV | GDX | IGV | EWZ | XAR | GUNR | IJR | FEZ | VWO | SPYM | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.33 | 0.06 | 0.43 | 0.37 | 0.35 | 0.19 | 0.19 | 0.73 | 0.47 | 0.66 | 0.41 | 0.77 | 0.65 | 0.63 | 1.00 | 0.63 |
| AMLP | 0.33 | 1.00 | 0.06 | 0.16 | 0.14 | 0.11 | 0.08 | 0.09 | 0.27 | 0.24 | 0.29 | 0.45 | 0.40 | 0.23 | 0.23 | 0.33 | 0.34 |
| IAUM | 0.06 | 0.06 | 1.00 | 0.12 | 0.15 | 0.23 | 0.72 | 0.78 | 0.02 | 0.22 | 0.14 | 0.48 | 0.06 | 0.20 | 0.29 | 0.06 | 0.66 |
| MEDX | 0.43 | 0.16 | 0.12 | 1.00 | 0.26 | 0.17 | 0.13 | 0.16 | 0.21 | 0.17 | 0.27 | 0.27 | 0.48 | 0.41 | 0.31 | 0.42 | 0.40 |
| INDA | 0.37 | 0.14 | 0.15 | 0.26 | 1.00 | 0.16 | 0.21 | 0.22 | 0.24 | 0.30 | 0.22 | 0.27 | 0.36 | 0.38 | 0.55 | 0.37 | 0.43 |
| EUAD | 0.35 | 0.11 | 0.23 | 0.17 | 0.16 | 1.00 | 0.21 | 0.29 | 0.36 | 0.26 | 0.45 | 0.21 | 0.27 | 0.46 | 0.33 | 0.35 | 0.45 |
| SLV | 0.19 | 0.08 | 0.72 | 0.13 | 0.21 | 0.21 | 1.00 | 0.75 | 0.11 | 0.31 | 0.17 | 0.54 | 0.14 | 0.33 | 0.41 | 0.19 | 0.73 |
| GDX | 0.19 | 0.09 | 0.78 | 0.16 | 0.22 | 0.29 | 0.75 | 1.00 | 0.13 | 0.29 | 0.23 | 0.58 | 0.15 | 0.30 | 0.40 | 0.18 | 0.73 |
| IGV | 0.73 | 0.27 | 0.02 | 0.21 | 0.24 | 0.36 | 0.11 | 0.13 | 1.00 | 0.32 | 0.57 | 0.22 | 0.55 | 0.42 | 0.45 | 0.73 | 0.47 |
| EWZ | 0.47 | 0.24 | 0.22 | 0.17 | 0.30 | 0.26 | 0.31 | 0.29 | 0.32 | 1.00 | 0.33 | 0.51 | 0.43 | 0.52 | 0.56 | 0.47 | 0.58 |
| XAR | 0.66 | 0.29 | 0.14 | 0.27 | 0.22 | 0.45 | 0.17 | 0.23 | 0.57 | 0.33 | 1.00 | 0.36 | 0.64 | 0.41 | 0.40 | 0.66 | 0.54 |
| GUNR | 0.41 | 0.45 | 0.48 | 0.27 | 0.27 | 0.21 | 0.54 | 0.58 | 0.22 | 0.51 | 0.36 | 1.00 | 0.51 | 0.48 | 0.55 | 0.41 | 0.75 |
| IJR | 0.77 | 0.40 | 0.06 | 0.48 | 0.36 | 0.27 | 0.14 | 0.15 | 0.55 | 0.43 | 0.64 | 0.51 | 1.00 | 0.58 | 0.53 | 0.77 | 0.58 |
| FEZ | 0.65 | 0.23 | 0.20 | 0.41 | 0.38 | 0.46 | 0.33 | 0.30 | 0.42 | 0.52 | 0.41 | 0.48 | 0.58 | 1.00 | 0.69 | 0.66 | 0.66 |
| VWO | 0.63 | 0.23 | 0.29 | 0.31 | 0.55 | 0.33 | 0.41 | 0.40 | 0.45 | 0.56 | 0.40 | 0.55 | 0.53 | 0.69 | 1.00 | 0.63 | 0.74 |
| SPYM | 1.00 | 0.33 | 0.06 | 0.42 | 0.37 | 0.35 | 0.19 | 0.18 | 0.73 | 0.47 | 0.66 | 0.41 | 0.77 | 0.66 | 0.63 | 1.00 | 0.63 |
| Portfolio | 0.63 | 0.34 | 0.66 | 0.40 | 0.43 | 0.45 | 0.73 | 0.73 | 0.47 | 0.58 | 0.54 | 0.75 | 0.58 | 0.66 | 0.74 | 0.63 | 1.00 |