Proyecto de Titulo

Asset Allocation

Position	Category/Sector	Target Weight
AGG iShares Core U.S. Aggregate Bond ETF	Total Bond Market	10%
BITO ProShares Bitcoin Strategy ETF	Cryptocurrency, Actively Managed	5%
DBC Invesco DB Commodity Index Tracking Fund	Commodities	5%
IWM iShares Russell 2000 ETF	Small Cap Blend Equities	10%
SPY State Street SPDR S&P 500 ETF	S&P 500	25%
TLT iShares 20+ Year Treasury Bond ETF	Government Bonds, Long-Term Bond	15%
XLE State Street Energy Select Sector SPDR ETF	Energy Equities	8%
XLK State Street Technology Select Sector SPDR ETF	Technology Equities	15%
XLY Consumer Discretionary Select Sector SPDR Fund	Consumer Discretionary Equities	7%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Proyecto de Titulo, 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 week.

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The earliest data available for this chart is Oct 19, 2021, corresponding to the inception date of BITO

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-4.18%	-3.84%	-1.98%	21.98%	16.86%	10.37%	12.29%
Portfolio Proyecto de Titulo	0.29%	-2.04%	0.61%	0.02%	20.41%	14.21%	—	—
Portfolio components:
SPY State Street SPDR S&P 500 ETF	0.09%	-4.02%	-3.56%	-1.44%	23.60%	18.37%	11.88%	14.11%
IWM iShares Russell 2000 ETF	0.69%	-3.83%	2.27%	2.75%	33.93%	13.42%	3.61%	10.00%
XLK State Street Technology Select Sector SPDR ETF	0.80%	-2.63%	-5.43%	-4.21%	40.11%	22.58%	15.84%	21.15%
XLE State Street Energy Select Sector SPDR ETF	0.47%	6.14%	33.39%	35.30%	41.00%	14.70%	23.16%	11.36%
XLY Consumer Discretionary Select Sector SPDR Fund	-1.50%	-6.89%	-9.25%	-8.70%	14.12%	14.37%	5.86%	11.80%
TLT iShares 20+ Year Treasury Bond ETF	0.61%	-2.26%	0.69%	-0.72%	-1.22%	-2.76%	-5.75%	-1.34%
AGG iShares Core U.S. Aggregate Bond ETF	0.23%	-0.96%	0.32%	1.01%	3.86%	3.55%	0.29%	1.68%
DBC Invesco DB Commodity Index Tracking Fund	2.27%	12.20%	31.17%	35.29%	39.45%	11.56%	14.82%	10.42%
BITO ProShares Bitcoin Strategy ETF	-1.60%	-8.48%	-24.03%	-46.41%	-21.71%	24.92%	—	—

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 20, 2021, Proyecto de Titulo's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, your investment would double in approximately 8.8 years.

Historically, 56% of months were positive and 44% were negative. The best month was Jul 2022 with a return of +9.3%, while the worst month was Jun 2022 at -9.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Proyecto de Titulo closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +7.4%, while the worst single day was Jun 13, 2022 at -4.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.38%	-0.27%	-1.96%	0.50%									0.61%
2025	1.97%	-1.16%	-3.79%	-1.19%	4.35%	4.75%	2.02%	1.50%	3.58%	1.86%	-1.22%	-0.44%	12.53%
2024	-0.11%	4.87%	3.22%	-4.96%	4.09%	1.84%	2.29%	0.22%	2.19%	-1.09%	7.03%	-3.47%	16.62%
2023	8.65%	-2.57%	4.55%	0.58%	-0.62%	5.61%	2.37%	-2.21%	-4.19%	-1.75%	8.06%	5.46%	25.47%
2022	-3.74%	-0.60%	2.43%	-8.19%	0.04%	-9.28%	9.33%	-4.04%	-8.56%	5.69%	3.59%	-5.08%	-18.58%
2021										1.35%	-0.67%	1.01%	1.70%

Benchmark Metrics

Proyecto de Titulo has an annualized alpha of 0.18%, beta of 0.81, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since October 20, 2021.

This portfolio participated in 89.88% of S&P 500 Index downside but only 83.81% of its upside — more exposed to losses than it benefited from rallies.

Alpha: 0.18%

Beta: 0.81

R²: 0.89

Upside Capture: 83.81%

Downside Capture: 89.88%

Expense Ratio

Proyecto de Titulo has an expense ratio of 0.19%, 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.

BITO

ProShares Bitcoin Strategy ETF

DBC

Invesco DB Commodity Index Tracking Fund

IWM

iShares Russell 2000 ETF

TLT

iShares 20+ Year Treasury Bond ETF

XLY

Consumer Discretionary Select Sector SPDR Fund

SPY

State Street SPDR S&P 500 ETF

XLK

State Street Technology Select Sector SPDR ETF

XLE

State Street Energy Select Sector SPDR ETF

AGG

iShares Core U.S. Aggregate Bond ETF

Return for Risk

Risk / Return Rank

Proyecto de Titulo ranks 31 for risk / return — below 31% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

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	1.01	0.88	+0.13
Sortino ratio Return per unit of downside risk	1.51	1.37	+0.15
Omega ratio Gain probability vs. loss probability	1.22	1.21	+0.01
Calmar ratio Return relative to maximum drawdown	1.49	1.39	+0.10
Martin ratio Return relative to average drawdown	6.99	6.43	+0.55
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
SPY State Street SPDR S&P 500 ETF	52	0.92	1.45	1.22	1.51	7.11
IWM iShares Russell 2000 ETF	58	1.10	1.64	1.21	1.99	7.27
XLK State Street Technology Select Sector SPDR ETF	60	1.13	1.71	1.24	1.98	6.27
XLE State Street Energy Select Sector SPDR ETF	53	1.19	1.58	1.23	1.60	4.21
XLY Consumer Discretionary Select Sector SPDR Fund	20	0.31	0.63	1.08	0.62	2.01
TLT iShares 20+ Year Treasury Bond ETF	9	-0.07	-0.01	1.00	-0.09	-0.19
AGG iShares Core U.S. Aggregate Bond ETF	47	1.02	1.44	1.18	1.70	4.71
DBC Invesco DB Commodity Index Tracking Fund	80	1.80	2.41	1.32	3.16	8.12
BITO ProShares Bitcoin Strategy ETF	3	-0.58	-0.62	0.93	-0.49	-1.02

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.

Proyecto de Titulo Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.01
All Time: 0.50

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 0.99 to 1.69, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Proyecto de Titulo 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

Proyecto de Titulo provided a 6.01% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	6.01%	5.90%	5.19%	2.76%	1.75%	1.27%	1.57%	2.05%	2.00%	1.71%	1.84%	1.95%
Portfolio components:
SPY State Street SPDR S&P 500 ETF	1.13%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
IWM iShares Russell 2000 ETF	1.01%	1.04%	1.15%	1.35%	1.48%	0.94%	1.04%	1.26%	1.40%	1.26%	1.38%	1.54%
XLK State Street Technology Select Sector SPDR ETF	0.56%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%
XLE State Street Energy Select Sector SPDR ETF	2.52%	3.28%	3.36%	3.55%	3.68%	4.21%	5.62%	6.72%	3.54%	3.03%	2.26%	3.39%
XLY Consumer Discretionary Select Sector SPDR Fund	0.83%	0.79%	0.72%	0.78%	1.00%	0.53%	0.82%	1.28%	1.34%	1.20%	1.71%	1.43%
TLT iShares 20+ Year Treasury Bond ETF	4.51%	4.43%	4.30%	3.38%	2.67%	1.50%	1.50%	2.27%	2.63%	2.43%	2.60%	2.61%
AGG iShares Core U.S. Aggregate Bond ETF	3.94%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
DBC Invesco DB Commodity Index Tracking Fund	2.54%	3.33%	5.22%	4.94%	0.59%	0.00%	0.00%	1.59%	1.30%	0.00%	0.00%	0.00%
BITO ProShares Bitcoin Strategy ETF	81.78%	78.29%	61.59%	15.14%	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. 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 Proyecto de Titulo. 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 Proyecto de Titulo was 23.52%, occurring on Oct 14, 2022. Recovery took 296 trading sessions.

The current Proyecto de Titulo drawdown is 2.87%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-23.52%	Nov 10, 2021	234	Oct 14, 2022	296	Dec 19, 2023	530
-16.05%	Dec 9, 2024	82	Apr 8, 2025	56	Jun 30, 2025	138
-7.45%	Jul 17, 2024	16	Aug 7, 2024	30	Sep 19, 2024	46
-5.76%	Oct 29, 2025	17	Nov 20, 2025	34	Jan 12, 2026	51
-5.41%	Apr 1, 2024	23	May 1, 2024	13	May 20, 2024	36

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 9 assets, with an effective number of assets of 6.95, 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	TLT	DBC	AGG	XLE	BITO	XLK	XLY	IWM	SPY	Portfolio
Benchmark	1.00	0.08	0.16	0.19	0.31	0.42	0.92	0.85	0.83	1.00	0.92
TLT	0.08	1.00	-0.10	0.92	-0.10	-0.01	0.04	0.10	0.10	0.08	0.24
DBC	0.16	-0.10	1.00	-0.06	0.65	0.13	0.12	0.10	0.19	0.16	0.27
AGG	0.19	0.92	-0.06	1.00	-0.05	0.06	0.14	0.20	0.20	0.19	0.34
XLE	0.31	-0.10	0.65	-0.05	1.00	0.16	0.19	0.22	0.41	0.32	0.42
BITO	0.42	-0.01	0.13	0.06	0.16	1.00	0.40	0.42	0.45	0.42	0.58
XLK	0.92	0.04	0.12	0.14	0.19	0.40	1.00	0.75	0.70	0.91	0.85
XLY	0.85	0.10	0.10	0.20	0.22	0.42	0.75	1.00	0.76	0.85	0.83
IWM	0.83	0.10	0.19	0.20	0.41	0.45	0.70	0.76	1.00	0.83	0.87
SPY	1.00	0.08	0.16	0.19	0.32	0.42	0.91	0.85	0.83	1.00	0.92
Portfolio	0.92	0.24	0.27	0.34	0.42	0.58	0.85	0.83	0.87	0.92	1.00

The correlation results are calculated based on daily price changes starting from Oct 20, 2021

Proyecto de Titulo

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