Texas 2

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Texas 2

Last updated Jan 14, 2025

Asset Allocation

Position	Category/Sector	Target Weight
CBRE CBRE Group, Inc.	Real Estate	6.67%
CCI Crown Castle International Corp.	Real Estate	6.67%
CTRA Coterra Energy Inc.	Energy	6.67%
DHI D.R. Horton, Inc.	Consumer Cyclical	6.67%
EOG EOG Resources, Inc.	Energy	6.67%
HPE Hewlett Packard Enterprise Company	Technology	6.67%
J Jacobs Engineering Group Inc.	Industrials	6.67%
KMI Kinder Morgan, Inc.	Energy	6.67%
MCK McKesson Corporation	Healthcare	6.67%
NRG NRG Energy, Inc.	Utilities	6.67%
PSX Phillips 66	Energy	6.67%
PWR Quanta Services, Inc.	Industrials	6.67%
TXN Texas Instruments Incorporated	Technology	6.67%
VLO Valero Energy Corporation	Energy	6.67%
WM Waste Management, Inc.	Industrials	6.67%

Benchmark

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Texas 2, 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.

Texas 2

Benchmark (^GSPC)

Portfolio components

The earliest data available for this chart is Oct 19, 2015, corresponding to the inception date of HPE

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-0.77%	-3.55%	3.64%	22.00%	12.20%	11.23%
Texas 2	1.95%	-2.73%	8.58%	29.37%	19.69%	N/A
Portfolio components:
WM Waste Management, Inc.	2.84%	-2.66%	-3.25%	16.05%	13.84%	17.18%
MCK McKesson Corporation	2.66%	1.53%	1.42%	21.12%	31.68%	11.49%
EOG EOG Resources, Inc.	9.72%	6.09%	2.83%	19.27%	14.25%	6.87%
TXN Texas Instruments Incorporated	1.91%	-0.26%	-4.04%	19.21%	11.25%	16.78%
VLO Valero Energy Corporation	8.78%	3.26%	-9.07%	4.36%	12.40%	15.94%
DHI D.R. Horton, Inc.	-1.02%	-7.65%	-8.67%	-9.34%	21.60%	20.65%
CBRE CBRE Group, Inc.	-5.89%	-10.01%	28.91%	44.92%	15.46%	14.13%
J Jacobs Engineering Group Inc.	0.49%	-1.98%	11.64%	21.20%	12.66%	16.15%
CTRA Coterra Energy Inc.	12.02%	12.95%	6.80%	15.58%	16.21%	2.77%
PWR Quanta Services, Inc.	-0.54%	-6.89%	22.23%	55.41%	51.47%	28.45%
NRG NRG Energy, Inc.	7.74%	2.34%	30.22%	96.11%	24.81%	16.70%
CCI Crown Castle International Corp.	-5.54%	-11.72%	-14.40%	-19.29%	-5.97%	4.53%
KMI Kinder Morgan, Inc.	4.09%	6.10%	44.97%	68.00%	12.90%	1.40%
PSX Phillips 66	1.80%	-5.49%	-15.77%	-9.85%	6.45%	10.68%
HPE Hewlett Packard Enterprise Company	2.95%	1.32%	3.90%	42.07%	10.90%	N/A

*Annualized

Monthly Returns

The table below presents the monthly returns of Texas 2, 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	-2.58%	8.64%	9.24%	-3.18%	4.65%	-1.89%	5.34%	2.58%	2.16%	-0.70%	8.77%	-9.19%	24.44%
2023	5.51%	-2.66%	2.91%	-1.15%	-0.96%	8.99%	3.12%	-0.12%	-3.77%	-3.69%	8.78%	8.07%	26.56%
2022	-4.77%	-1.73%	8.22%	-3.50%	7.04%	-9.94%	9.44%	-0.68%	-9.32%	10.52%	6.07%	-6.26%	2.04%
2021	1.14%	8.19%	8.31%	3.59%	1.45%	-0.13%	0.57%	3.05%	-0.55%	4.62%	-2.27%	6.27%	39.30%
2020	-2.92%	-7.79%	-18.54%	16.68%	5.30%	-1.50%	1.73%	5.44%	-1.86%	-0.11%	13.53%	2.17%	7.63%
2019	11.18%	2.87%	2.13%	3.11%	-8.93%	7.94%	0.49%	-0.32%	4.20%	2.22%	-0.12%	1.74%	28.35%
2018	1.95%	-5.07%	0.93%	1.76%	3.76%	-2.55%	4.43%	2.07%	-1.04%	-7.54%	1.25%	-7.44%	-8.13%
2017	1.97%	2.45%	2.09%	-1.89%	-1.69%	2.37%	5.19%	0.95%	5.30%	1.99%	5.69%	3.10%	30.85%
2016	-5.20%	-1.35%	10.57%	1.69%	3.88%	0.77%	3.28%	0.09%	0.59%	-3.50%	7.61%	1.21%	20.30%
2015										-0.41%	1.57%	-5.79%	-4.71%

Expense Ratio

Texas 2 has an expense ratio of 0.00%, indicating no management fees are charged. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

The portfolio doesn't hold funds that charge fees

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Texas 2 is 67, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.

Overall Rank

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.

Texas 2

^GSPC

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
WM Waste Management, Inc.	0.97	1.36	1.21	1.47	3.51
MCK McKesson Corporation	0.83	1.19	1.20	0.90	2.26
EOG EOG Resources, Inc.	0.91	1.36	1.17	0.98	2.98
TXN Texas Instruments Incorporated	0.64	1.09	1.13	1.08	2.77
VLO Valero Energy Corporation	0.34	0.68	1.08	0.29	0.54
DHI D.R. Horton, Inc.	-0.29	-0.20	0.98	-0.32	-0.80
CBRE CBRE Group, Inc.	1.55	2.36	1.29	1.74	7.12
J Jacobs Engineering Group Inc.	1.12	1.53	1.21	1.82	3.75
CTRA Coterra Energy Inc.	0.69	1.13	1.14	0.56	1.70
PWR Quanta Services, Inc.	1.70	2.44	1.32	3.53	10.73
NRG NRG Energy, Inc.	2.62	3.22	1.41	4.90	15.20
CCI Crown Castle International Corp.	-0.88	-1.18	0.87	-0.37	-1.86
KMI Kinder Morgan, Inc.	3.61	4.96	1.65	3.49	26.23
PSX Phillips 66	-0.29	-0.23	0.97	-0.22	-0.39
HPE Hewlett Packard Enterprise Company	0.99	1.63	1.21	1.42	4.18

The current Texas 2 Sharpe ratio is 1.80. 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 1.19 to 1.89, 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 Texas 2 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.

Texas 2

Benchmark (^GSPC)

Portfolio components

Dividends

Dividend yield

Texas 2 provided a 2.31% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	2.31%	2.37%	2.67%	3.25%	2.76%	2.83%	1.93%	2.05%	1.45%	1.59%	2.36%	1.37%
Portfolio components:
WM Waste Management, Inc.	1.45%	1.49%	1.56%	1.66%	1.38%	1.85%	1.80%	2.09%	1.97%	2.31%	2.89%	2.92%
MCK McKesson Corporation	0.45%	0.47%	0.50%	0.54%	0.72%	0.95%	1.16%	1.32%	0.80%	0.80%	0.53%	0.46%
EOG EOG Resources, Inc.	2.71%	2.97%	4.80%	6.79%	4.07%	2.83%	1.21%	0.87%	0.62%	0.66%	0.95%	0.56%
TXN Texas Instruments Incorporated	2.75%	2.81%	2.94%	2.84%	2.23%	2.27%	2.50%	2.78%	2.03%	2.25%	2.55%	2.32%
VLO Valero Energy Corporation	3.21%	3.49%	3.14%	3.09%	5.22%	6.93%	3.84%	4.27%	3.05%	3.51%	2.40%	2.12%
DHI D.R. Horton, Inc.	0.94%	0.93%	0.69%	1.04%	0.76%	1.05%	1.18%	1.51%	0.83%	1.24%	0.84%	0.80%
CBRE CBRE Group, 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%
J Jacobs Engineering Group Inc.	0.79%	0.80%	0.92%	0.88%	0.60%	0.73%	0.79%	1.03%	0.91%	0.00%	0.00%	0.00%
CTRA Coterra Energy Inc.	2.94%	3.29%	4.58%	10.13%	5.89%	2.46%	2.01%	1.12%	0.59%	0.34%	0.45%	0.27%
PWR Quanta Services, Inc.	0.12%	0.09%	0.15%	0.25%	0.16%	0.29%	0.42%	0.13%	0.00%	0.00%	0.00%	0.00%
NRG NRG Energy, Inc.	1.68%	1.81%	2.92%	4.40%	3.02%	3.20%	0.30%	0.30%	0.42%	1.92%	4.93%	2.00%
CCI Crown Castle International Corp.	7.30%	6.90%	5.43%	4.41%	2.62%	3.10%	3.22%	3.94%	3.51%	4.15%	3.87%	2.38%
KMI Kinder Morgan, Inc.	4.01%	4.18%	6.38%	6.10%	6.76%	7.59%	4.49%	4.71%	2.77%	2.41%	12.94%	4.02%
PSX Phillips 66	3.88%	3.95%	3.15%	3.68%	5.00%	5.15%	3.14%	3.60%	2.70%	2.84%	2.67%	2.64%
HPE Hewlett Packard Enterprise Company	2.37%	2.44%	2.89%	3.01%	3.04%	4.05%	2.89%	3.13%	1.59%	1.40%	0.36%	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.

Texas 2

Benchmark (^GSPC)

Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Texas 2. 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 Texas 2 was 40.47%, occurring on Mar 23, 2020. Recovery took 165 trading sessions.

The current Texas 2 drawdown is 7.62%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-40.47%	Feb 18, 2020	25	Mar 23, 2020	165	Nov 13, 2020	190
-20.05%	Aug 30, 2018	80	Dec 24, 2018	59	Mar 21, 2019	139
-19.51%	Dec 2, 2015	49	Feb 11, 2016	52	Apr 27, 2016	101
-16.17%	Jun 8, 2022	8	Jun 17, 2022	111	Nov 25, 2022	119
-12.6%	Jan 24, 2018	12	Feb 8, 2018	122	Aug 3, 2018	134

Volatility

Volatility Chart

The current Texas 2 volatility is 5.20%, 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.

Texas 2

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.

	CCI	MCK	WM	CTRA	DHI	NRG	TXN	EOG	HPE	VLO	PWR	J	PSX	KMI	CBRE
CCI	1.00	0.19	0.39	0.12	0.33	0.27	0.26	0.08	0.15	0.09	0.20	0.26	0.12	0.23	0.33
MCK	0.19	1.00	0.30	0.21	0.22	0.24	0.23	0.24	0.27	0.25	0.27	0.34	0.24	0.28	0.29
WM	0.39	0.30	1.00	0.15	0.29	0.25	0.31	0.16	0.23	0.21	0.33	0.39	0.24	0.27	0.33
CTRA	0.12	0.21	0.15	1.00	0.15	0.30	0.23	0.54	0.30	0.40	0.29	0.27	0.44	0.49	0.26
DHI	0.33	0.22	0.29	0.15	1.00	0.28	0.40	0.15	0.30	0.24	0.41	0.38	0.27	0.28	0.46
NRG	0.27	0.24	0.25	0.30	0.28	1.00	0.29	0.30	0.31	0.25	0.36	0.32	0.29	0.37	0.36
TXN	0.26	0.23	0.31	0.23	0.40	0.29	1.00	0.27	0.49	0.30	0.47	0.45	0.31	0.31	0.49
EOG	0.08	0.24	0.16	0.54	0.15	0.30	0.27	1.00	0.35	0.55	0.35	0.37	0.63	0.61	0.33
HPE	0.15	0.27	0.23	0.30	0.30	0.31	0.49	0.35	1.00	0.39	0.46	0.43	0.41	0.38	0.49
VLO	0.09	0.25	0.21	0.40	0.24	0.25	0.30	0.55	0.39	1.00	0.36	0.34	0.78	0.49	0.36
PWR	0.20	0.27	0.33	0.29	0.41	0.36	0.47	0.35	0.46	0.36	1.00	0.61	0.38	0.40	0.50
J	0.26	0.34	0.39	0.27	0.38	0.32	0.45	0.37	0.43	0.34	0.61	1.00	0.40	0.42	0.50
PSX	0.12	0.24	0.24	0.44	0.27	0.29	0.31	0.63	0.41	0.78	0.38	0.40	1.00	0.57	0.40
KMI	0.23	0.28	0.27	0.49	0.28	0.37	0.31	0.61	0.38	0.49	0.40	0.42	0.57	1.00	0.42
CBRE	0.33	0.29	0.33	0.26	0.46	0.36	0.49	0.33	0.49	0.36	0.50	0.50	0.40	0.42	1.00

The correlation results are calculated based on daily price changes starting from Oct 20, 2015

Performance Analysis

Risk Analysis

Optimization

Factor Model

Texas 2

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

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