USA

Last updated Sep 21, 2023

Asset Allocation

Position	Category/Sector	Weight
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	Inflation-Protected Bonds	23%
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	European Government Bonds	12%
SGLP.L Invesco Physical Gold A	Precious Metals	10%
WFSPX iShares S&P 500 Index Fund	Large Cap Blend Equities	12%
XMJP.L Xtrackers MSCI Japan UCITS ETF 1C	Japan Equities	12%
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF	Europe Equities	9%
HEAE.L SPDR MSCI Europe Health Care UCITS ETF	Health & Biotech Equities	6%
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc)	Global Equities	5%
WLDS.L iShares MSCI World Small Cap UCITS ETF	Small Cap Blend Equities	4%
SOXX iShares PHLX Semiconductor ETF	Technology Equities	4%
SUES.L iShares MSCI EM SRI UCITS ETF	Emerging Markets Equities	3%

Benchmark

Rebalance portfolio

Performance

The chart shows the growth of an initial investment of $10,000 in USA, 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

USA

Benchmark (^GSPC)

Portfolio components

Returns

	1 month	6 months	Year-To-Date	1 year	5 years (annualized)	10 years (annualized)
Benchmark	0.06%	11.82%	14.66%	14.17%	-2.64%	N/A
USA	0.88%	4.18%	8.59%	13.59%	-1.88%	N/A
Portfolio components:
WFSPX iShares S&P 500 Index Fund	0.20%	12.70%	16.03%	16.10%	-1.04%	N/A
SUES.L iShares MSCI EM SRI UCITS ETF	-0.17%	-0.35%	-2.18%	0.42%	-13.14%	N/A
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF	1.80%	5.66%	11.53%	26.75%	2.70%	N/A
WLDS.L iShares MSCI World Small Cap UCITS ETF	0.34%	4.03%	5.87%	9.65%	-5.55%	N/A
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc)	1.70%	7.84%	15.06%	18.78%	-1.72%	N/A
HEAE.L SPDR MSCI Europe Health Care UCITS ETF	0.34%	10.07%	10.18%	25.91%	0.07%	N/A
XMJP.L Xtrackers MSCI Japan UCITS ETF 1C	6.34%	11.57%	15.84%	24.46%	2.20%	N/A
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	0.27%	-1.61%	1.11%	-0.17%	-2.85%	N/A
SGLP.L Invesco Physical Gold A	2.29%	-0.94%	5.88%	16.43%	0.10%	N/A
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	-2.28%	-2.87%	-0.15%	4.06%	-10.80%	N/A
SOXX iShares PHLX Semiconductor ETF	-4.77%	10.84%	35.85%	35.67%	0.80%	N/A
Returns over 1 year are annualized

Asset Correlations Table

The table below shows the correlation coefficients between the assets in the portfolio.

	TIPX	SGLP.L	HEAE.L	BBGE.L	SOXX	WFSPX	SUES.L	XMJP.L	SUSW.L	IEFV.L	WLDS.L
TIPX	1.00	0.42	0.27	0.53	0.21	0.27	0.23	0.31	0.29	0.28	0.31
SGLP.L	0.42	1.00	0.37	0.60	0.18	0.19	0.40	0.44	0.23	0.36	0.33
HEAE.L	0.27	0.37	1.00	0.46	0.26	0.41	0.45	0.47	0.54	0.63	0.52
BBGE.L	0.53	0.60	0.46	1.00	0.34	0.36	0.39	0.47	0.39	0.48	0.43
SOXX	0.21	0.18	0.26	0.34	1.00	0.84	0.54	0.51	0.58	0.51	0.59
WFSPX	0.27	0.19	0.41	0.36	0.84	1.00	0.52	0.52	0.64	0.57	0.65
SUES.L	0.23	0.40	0.45	0.39	0.54	0.52	1.00	0.64	0.66	0.71	0.73
XMJP.L	0.31	0.44	0.47	0.47	0.51	0.52	0.64	1.00	0.66	0.66	0.70
SUSW.L	0.29	0.23	0.54	0.39	0.58	0.64	0.66	0.66	1.00	0.79	0.89
IEFV.L	0.28	0.36	0.63	0.48	0.51	0.57	0.71	0.66	0.79	1.00	0.84
WLDS.L	0.31	0.33	0.52	0.43	0.59	0.65	0.73	0.70	0.89	0.84	1.00

Sharpe Ratio

The current USA Sharpe ratio is 1.71. A Sharpe ratio greater than 1.0 is considered acceptable.

The Sharpe ratio of USA 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.

USA

Benchmark (^GSPC)

Portfolio components

Dividend yield

USA granted a 0.92% dividend yield in the last twelve months.

	TTM	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
USA	0.92%	1.73%	1.28%	0.68%	0.97%	0.90%	1.09%	0.67%	0.42%	0.77%	0.37%	0.34%
Portfolio components:
WFSPX iShares S&P 500 Index Fund	1.58%	2.03%	1.57%	1.73%	2.12%	2.73%	2.23%	2.70%	2.90%	2.20%	2.08%	2.36%
SUES.L iShares MSCI EM SRI UCITS 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%
IEFV.L iShares Edge MSCI Europe Value Factor UCITS 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%
WLDS.L iShares MSCI World Small Cap UCITS 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%
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HEAE.L SPDR MSCI Europe Health Care UCITS 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%
XMJP.L Xtrackers MSCI Japan UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	2.99%	6.24%	4.63%	1.91%	2.91%	2.25%	3.42%	1.29%	0.08%	1.91%	0.32%	0.00%
SGLP.L Invesco Physical Gold A	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOXX iShares PHLX Semiconductor ETF	0.97%	1.26%	0.65%	0.83%	1.28%	1.44%	0.96%	1.16%	1.40%	1.72%	1.32%	1.41%

Expense Ratio

The USA features an expense ratio of 0.17%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

SOXX

iShares PHLX Semiconductor ETF

0.46%

0.00%2.15%

WLDS.L

iShares MSCI World Small Cap UCITS ETF

0.35%

0.00%2.15%

SUES.L

iShares MSCI EM SRI UCITS ETF

0.25%

0.00%2.15%

IEFV.L

iShares Edge MSCI Europe Value Factor UCITS ETF

0.25%

0.00%2.15%

SUSW.L

iShares MSCI World SRI UCITS ETF EUR (Acc)

0.20%

0.00%2.15%

XMJP.L

Xtrackers MSCI Japan UCITS ETF 1C

0.20%

0.00%2.15%

HEAE.L

SPDR MSCI Europe Health Care UCITS ETF

0.18%

0.00%2.15%

TIPX

SPDR Bloomberg Barclays 1-10 Year TIPS ETF

0.15%

0.00%2.15%

SGLP.L

Invesco Physical Gold A

0.12%

0.00%2.15%

BBGE.L

JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)

0.10%

0.00%2.15%

WFSPX

iShares S&P 500 Index Fund

0.03%

0.00%2.15%

Risk-Adjusted Performance

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.

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Ulcer Index
WFSPX iShares S&P 500 Index Fund	0.85
SUES.L iShares MSCI EM SRI UCITS ETF	-0.45
IEFV.L iShares Edge MSCI Europe Value Factor UCITS ETF	1.15
WLDS.L iShares MSCI World Small Cap UCITS ETF	0.07
SUSW.L iShares MSCI World SRI UCITS ETF EUR (Acc)	0.99
HEAE.L SPDR MSCI Europe Health Care UCITS ETF	1.11
XMJP.L Xtrackers MSCI Japan UCITS ETF 1C	1.06
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	-0.06
SGLP.L Invesco Physical Gold A	0.62
BBGE.L JPMorgan BetaBuilders EUR Government Bond UCITS ETF EUR (Acc)	-0.62
SOXX iShares PHLX Semiconductor ETF	0.99

Drawdowns Chart

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

USA

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below shows the maximum drawdowns of the USA. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the USA is 18.74%, recorded on Oct 11, 2022. It took 198 trading sessions for the portfolio to recover.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-18.74%	Apr 5, 2022	135	Oct 11, 2022	198	Jul 18, 2023	333
-4.26%	Jul 20, 2023	22	Aug 18, 2023	—	—	—

Volatility Chart

The current USA volatility is 2.08%, 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.

USA

Benchmark (^GSPC)

Portfolio components