Passive Income

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Passive Income

Last updated Jul 25, 2024

Asset Allocation

Position	Category/Sector	Weight
ABR Arbor Realty Trust, Inc.	Real Estate	6.67%
ARCC Ares Capital Corporation	Financial Services	6.67%
BXSL Blackstone Secured Lending Fund	Financial Services	6.67%
CGDV Capital Group Dividend Value ETF	Large Cap Value Equities, Dividend	6.67%
CSWC Capital Southwest Corporation	Financial Services	6.67%
FLOT iShares Floating Rate Bond ETF	Corporate Bonds	6.67%
GAIN Gladstone Investment Corporation	Financial Services	6.67%
HTGC Hercules Capital, Inc.	Financial Services	6.67%
MAIN Main Street Capital Corporation	Financial Services	6.67%
OBDC Blue Owl Capital Corporation	Financial Services	6.67%
SCHD Schwab US Dividend Equity ETF	Large Cap Growth Equities, Dividend	6.67%
TFLO iShares Treasury Floating Rate Bond ETF	Government Bonds	6.67%
TSLX Sixth Street Specialty Lending, Inc.	Financial Services	6.67%
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	Government Bonds	6.67%
VIG Vanguard Dividend Appreciation ETF	Large Cap Growth Equities, Dividend	6.67%

Benchmark

S&P 500

Rebalance portfolio

Performance

Performance Chart

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

Passive Income

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Feb 24, 2022, corresponding to the inception date of CGDV

Returns By Period

	Year-To-Date	1 month	6 months	1 year	5 years (annualized)	10 years (annualized)
^GSPC S&P 500	13.20%	-1.28%	10.32%	18.23%	12.31%	10.58%
Passive Income	9.56%	0.55%	7.57%	17.48%	N/A	N/A
Portfolio components:
ARCC Ares Capital Corporation	8.60%	0.97%	5.80%	15.63%	13.00%	12.14%
MAIN Main Street Capital Corporation	22.82%	2.19%	15.24%	31.01%	12.06%	13.19%
HTGC Hercules Capital, Inc.	32.17%	4.86%	25.47%	42.95%	23.08%	13.33%
BXSL Blackstone Secured Lending Fund	15.20%	-2.11%	11.26%	19.24%	N/A	N/A
TSLX Sixth Street Specialty Lending, Inc.	3.98%	-1.23%	0.90%	19.27%	14.14%	11.60%
SCHD Schwab US Dividend Equity ETF	8.60%	4.84%	7.35%	12.13%	11.96%	11.22%
VIG Vanguard Dividend Appreciation ETF	10.22%	1.78%	8.53%	14.74%	11.43%	11.37%
CSWC Capital Southwest Corporation	13.81%	-0.08%	7.94%	35.00%	15.49%	14.49%
OBDC Blue Owl Capital Corporation	10.18%	0.34%	7.69%	22.53%	10.76%	N/A
GAIN Gladstone Investment Corporation	2.80%	1.23%	-0.17%	18.71%	14.88%	17.11%
ABR Arbor Realty Trust, Inc.	-8.64%	-8.50%	0.71%	-9.02%	12.31%	16.78%
CGDV Capital Group Dividend Value ETF	15.11%	3.11%	14.34%	24.30%	N/A	N/A
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	2.74%	-0.05%	2.30%	4.94%	2.33%	2.20%
TFLO iShares Treasury Floating Rate Bond ETF	3.11%	0.39%	2.70%	5.34%	2.28%	1.72%
FLOT iShares Floating Rate Bond ETF	3.87%	0.42%	3.20%	6.65%	2.82%	2.15%

Monthly Returns

The table below presents the monthly returns of Passive Income, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2024	0.77%	1.56%	3.38%	0.43%	2.28%	0.76%							9.56%
2023	6.47%	1.51%	-3.94%	1.75%	1.18%	5.19%	5.14%	-0.82%	0.19%	-3.07%	5.21%	5.10%	25.88%
2022		1.56%	0.86%	-3.02%	-2.98%	-6.05%	7.27%	-2.45%	-10.52%	10.03%	4.06%	-3.98%	-6.80%

Expense Ratio

Passive Income has an expense ratio of 0.06%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

SCHD

Schwab US Dividend Equity ETF

VIG

Vanguard Dividend Appreciation ETF

CGDV

Capital Group Dividend Value ETF

FLOT

iShares Floating Rate Bond ETF

USFR

WisdomTree Bloomberg Floating Rate Treasury Fund

TFLO

iShares Treasury Floating Rate Bond ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current risk-adjusted rank of Passive Income is 78, placing it in the top 22% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.

Passive Income

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

Passive Income

^GSPC

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
ARCC Ares Capital Corporation	1.35	1.95	1.24	3.06	9.33
MAIN Main Street Capital Corporation	2.43	3.38	1.43	3.40	10.54
HTGC Hercules Capital, Inc.	2.23	2.86	1.39	2.99	7.98
BXSL Blackstone Secured Lending Fund	1.21	1.60	1.22	2.64	6.22
TSLX Sixth Street Specialty Lending, Inc.	1.26	1.82	1.23	2.57	7.73
SCHD Schwab US Dividend Equity ETF	1.04	1.57	1.18	0.95	3.25
VIG Vanguard Dividend Appreciation ETF	1.45	2.10	1.26	1.44	4.79
CSWC Capital Southwest Corporation	1.86	2.41	1.31	3.51	8.73
OBDC Blue Owl Capital Corporation	1.71	2.50	1.30	2.93	7.83
GAIN Gladstone Investment Corporation	1.05	1.73	1.20	1.24	4.46
ABR Arbor Realty Trust, Inc.	-0.26	-0.08	0.99	-0.40	-0.66
CGDV Capital Group Dividend Value ETF	2.14	3.09	1.37	2.68	8.71
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	8.84	11.13	8.17	11.54	128.63
TFLO iShares Treasury Floating Rate Bond ETF	15.54	61.56	16.44	137.11	967.84
FLOT iShares Floating Rate Bond ETF	11.24	30.64	6.36	83.63	435.05

Sharpe Ratio

The current Passive Income Sharpe ratio is 1.86. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.24 to 1.94, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of Passive Income with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Passive Income

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

Passive Income granted a 7.99% dividend yield in the last twelve months.

	TTM	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Passive Income	7.99%	8.06%	7.52%	5.06%	5.40%	4.89%	5.04%	4.51%	3.98%	4.25%	4.02%	3.04%
Portfolio components:
ARCC Ares Capital Corporation	9.24%	9.59%	10.10%	7.60%	9.41%	8.94%	9.78%	9.57%	9.12%	10.90%	9.93%	8.67%
MAIN Main Street Capital Corporation	7.91%	8.55%	7.97%	5.74%	6.99%	6.76%	8.43%	7.02%	7.42%	9.15%	8.72%	8.18%
HTGC Hercules Capital, Inc.	8.33%	11.40%	14.90%	9.34%	9.57%	9.49%	11.40%	9.45%	8.79%	10.17%	8.33%	6.77%
BXSL Blackstone Secured Lending Fund	10.16%	10.64%	12.93%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSLX Sixth Street Specialty Lending, Inc.	12.24%	9.64%	10.30%	15.33%	11.08%	8.36%	9.73%	10.73%	8.35%	9.62%	9.10%	0.00%
SCHD Schwab US Dividend Equity ETF	3.49%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%	2.63%	2.47%
VIG Vanguard Dividend Appreciation ETF	1.80%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%	1.95%	1.84%
CSWC Capital Southwest Corporation	9.76%	10.20%	12.75%	10.13%	6.87%	8.99%	5.88%	7.01%	2.31%	0.26%	0.53%	2.55%
OBDC Blue Owl Capital Corporation	10.99%	10.61%	10.88%	8.52%	12.32%	3.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GAIN Gladstone Investment Corporation	14.61%	16.57%	9.08%	5.34%	9.22%	7.42%	9.68%	7.77%	8.87%	9.68%	11.00%	7.30%
ABR Arbor Realty Trust, Inc.	13.20%	11.07%	11.68%	7.53%	8.67%	7.94%	9.89%	8.21%	8.19%	7.99%	7.57%	7.40%
CGDV Capital Group Dividend Value ETF	1.50%	1.65%	1.36%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	5.40%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%	0.00%	0.00%	0.00%
TFLO iShares Treasury Floating Rate Bond ETF	5.30%	4.88%	1.68%	0.00%	0.36%	2.08%	1.65%	0.86%	0.31%	0.15%	0.08%	0.00%
FLOT iShares Floating Rate Bond ETF	5.92%	5.66%	2.06%	0.43%	1.25%	2.78%	2.41%	1.46%	0.97%	0.53%	0.44%	0.47%

Drawdowns

Drawdowns Chart

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

Passive Income

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Passive Income. 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 Passive Income was 18.80%, occurring on Sep 29, 2022. Recovery took 188 trading sessions.

The current Passive Income drawdown is 2.23%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-18.8%	Apr 21, 2022	112	Sep 29, 2022	188	Jun 30, 2023	300
-5.51%	Aug 8, 2023	58	Oct 27, 2023	12	Nov 14, 2023	70
-2.87%	Jan 31, 2024	7	Feb 8, 2024	12	Feb 27, 2024	19
-2.7%	Mar 4, 2022	3	Mar 8, 2022	9	Mar 21, 2022	12
-2.54%	Apr 1, 2024	12	Apr 16, 2024	5	Apr 23, 2024	17

Volatility

Volatility Chart

The current Passive Income volatility is 2.51%, 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.

Passive Income

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.

	USFR	TFLO	FLOT	BXSL	ABR	GAIN	CSWC	OBDC	HTGC	MAIN	SCHD	VIG	TSLX	ARCC	CGDV
USFR	1.00	0.28	0.05	-0.04	-0.06	-0.06	-0.08	-0.08	-0.11	-0.11	-0.04	-0.03	-0.09	-0.10	-0.04
TFLO	0.28	1.00	0.06	-0.06	-0.05	-0.10	-0.08	-0.08	-0.07	-0.08	-0.10	-0.11	-0.05	-0.10	-0.11
FLOT	0.05	0.06	1.00	0.15	0.19	0.14	0.19	0.19	0.17	0.19	0.27	0.30	0.21	0.20	0.29
BXSL	-0.04	-0.06	0.15	1.00	0.32	0.39	0.41	0.43	0.43	0.41	0.37	0.39	0.45	0.46	0.41
ABR	-0.06	-0.05	0.19	0.32	1.00	0.45	0.48	0.49	0.52	0.49	0.59	0.56	0.51	0.51	0.59
GAIN	-0.06	-0.10	0.14	0.39	0.45	1.00	0.50	0.57	0.60	0.60	0.53	0.52	0.60	0.60	0.54
CSWC	-0.08	-0.08	0.19	0.41	0.48	0.50	1.00	0.56	0.60	0.63	0.52	0.50	0.64	0.64	0.51
OBDC	-0.08	-0.08	0.19	0.43	0.49	0.57	0.56	1.00	0.64	0.65	0.55	0.55	0.71	0.74	0.58
HTGC	-0.11	-0.07	0.17	0.43	0.52	0.60	0.60	0.64	1.00	0.72	0.56	0.55	0.70	0.66	0.59
MAIN	-0.11	-0.08	0.19	0.41	0.49	0.60	0.63	0.65	0.72	1.00	0.57	0.60	0.70	0.70	0.62
SCHD	-0.04	-0.10	0.27	0.37	0.59	0.53	0.52	0.55	0.56	0.57	1.00	0.91	0.56	0.60	0.88
VIG	-0.03	-0.11	0.30	0.39	0.56	0.52	0.50	0.55	0.55	0.60	0.91	1.00	0.56	0.59	0.93
TSLX	-0.09	-0.05	0.21	0.45	0.51	0.60	0.64	0.71	0.70	0.70	0.56	0.56	1.00	0.76	0.59
ARCC	-0.10	-0.10	0.20	0.46	0.51	0.60	0.64	0.74	0.66	0.70	0.60	0.59	0.76	1.00	0.62
CGDV	-0.04	-0.11	0.29	0.41	0.59	0.54	0.51	0.58	0.59	0.62	0.88	0.93	0.59	0.62	1.00

The correlation results are calculated based on daily price changes starting from Feb 25, 2022