Saltus

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Saltus

Currency in USD · Last updated May 30, 2025

Asset Allocation

Position	Category/Sector	Target Weight
ACWI.L SPDR MSCI ACWI UCITS ETF	Global Equities	15%
CUKS.L iShares MSCI UK Small Cap UCITS ETF (Acc)	Europe Equities	4%
ERNS.L iShares £ Ultrashort Bond UCITS ETF	Total Bond Market	4%
GGRG.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc	Global Equities, Dividend	9%
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	Government Bonds	4%
IEEM.L iShares MSCI EM UCITS ETF (Dist)	Emerging Markets Equities	5%
ISF.L iShares Core FTSE 100 UCITS ETF (Dist)	Europe Equities	5%
R2SC.L SPDR Russell 2000 US Small Cap UCITS ETF	Small Cap Blend Equities	4%
SGLN.L iShares Physical Gold ETC	Precious Metals, Commodities	4%
SPX5.L SPDR S&P 500 UCITS ETF	Large Cap Blend Equities	15%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	Asia Pacific Equities	5%
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	Europe Equities	8%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	Global Equities, Dividend	9%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	Japan Equities	5%
XGIU.L Xtrackers Global Inflation-Linked Bond UCITS ETF 5C	Inflation-Protected Bonds	4%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Jun 8, 2016, corresponding to the inception date of GGRG.L

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	0.52%	6.32%	-1.44%	12.25%	14.20%	10.84%
Saltus	8.06%	4.75%	5.33%	12.93%	11.21%	N/A
Portfolio components:
ACWI.L SPDR MSCI ACWI UCITS ETF	5.20%	6.44%	3.24%	14.23%	13.52%	10.61%
SPX5.L SPDR S&P 500 UCITS ETF	0.26%	6.79%	-1.28%	13.38%	15.82%	13.92%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	10.77%	6.91%	2.87%	4.95%	8.62%	6.57%
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	21.21%	5.28%	19.72%	14.59%	13.17%	8.91%
ISF.L iShares Core FTSE 100 UCITS ETF (Dist)	17.71%	4.16%	14.56%	17.81%	13.49%	6.23%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	5.74%	4.16%	5.02%	10.15%	7.10%	7.73%
IEEM.L iShares MSCI EM UCITS ETF (Dist)	10.48%	5.64%	9.63%	12.97%	8.08%	5.63%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	10.49%	3.77%	5.68%	14.34%	13.00%	6.25%
GGRG.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc	4.06%	4.22%	0.59%	8.34%	11.36%	N/A
SGLN.L iShares Physical Gold ETC	27.34%	0.22%	25.45%	41.85%	13.72%	11.86%
XGIU.L Xtrackers Global Inflation-Linked Bond UCITS ETF 5C	5.03%	-0.73%	2.47%	4.37%	-0.96%	N/A
ERNS.L iShares £ Ultrashort Bond UCITS ETF	9.97%	1.06%	9.07%	11.68%	4.70%	1.82%
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	0.26%	-0.10%	0.27%	1.55%	0.72%	2.66%
R2SC.L SPDR Russell 2000 US Small Cap UCITS ETF	-7.02%	5.71%	-14.89%	2.72%	9.50%	7.50%
CUKS.L iShares MSCI UK Small Cap UCITS ETF (Acc)	14.94%	8.86%	11.57%	13.90%	7.68%	3.47%

*Annualized

Monthly Returns

The table below presents the monthly returns of Saltus , 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
2025	3.48%	-0.54%	-1.64%	1.68%	4.98%								8.06%
2024	-0.16%	2.32%	3.42%	-2.56%	2.97%	1.63%	2.62%	1.80%	1.88%	-2.31%	1.94%	-3.06%	10.68%
2023	5.68%	-3.14%	2.63%	2.01%	-1.82%	4.38%	3.15%	-2.77%	-3.76%	-3.03%	7.68%	5.46%	16.72%
2022	-4.61%	-0.89%	1.36%	-5.86%	-0.88%	-7.52%	4.89%	-3.66%	-7.90%	4.15%	8.12%	-1.64%	-14.76%
2021	-0.07%	1.83%	2.17%	3.29%	2.34%	-0.35%	0.56%	1.46%	-3.00%	2.88%	-2.18%	3.90%	13.34%
2020	-1.75%	-7.48%	-10.96%	7.83%	2.95%	3.54%	3.83%	5.39%	-2.59%	-2.08%	10.84%	5.28%	13.30%
2019	6.44%	2.54%	0.97%	2.64%	-4.64%	5.24%	-0.21%	-2.19%	2.44%	2.82%	2.05%	3.71%	23.51%
2018	4.26%	-3.73%	-1.55%	1.45%	-0.67%	-0.57%	2.04%	-0.20%	0.49%	-6.55%	0.49%	-4.71%	-9.33%
2017	1.95%	2.26%	2.04%	1.72%	1.72%	0.63%	2.37%	0.40%	1.63%	1.96%	1.70%	1.97%	22.33%
2016						-2.54%	3.68%	0.88%	0.50%	-1.96%	0.36%	1.91%	2.72%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Saltus has an expense ratio of 0.22%, 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.

CUKS.L

iShares MSCI UK Small Cap UCITS ETF (Acc)

ACWI.L

SPDR MSCI ACWI UCITS ETF

GGRG.L

WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc

R2SC.L

SPDR Russell 2000 US Small Cap UCITS ETF

VHYL.AS

Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing

XGIU.L

Xtrackers Global Inflation-Linked Bond UCITS ETF 5C

IEEM.L

iShares MSCI EM UCITS ETF (Dist)

VAPX.L

Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing

VERX.L

Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing

SPX5.L

SPDR S&P 500 UCITS ETF

XDJP.L

Xtrackers Nikkei 225 UCITS ETF 1D

ISF.L

iShares Core FTSE 100 UCITS ETF (Dist)

ERNS.L

iShares £ Ultrashort Bond UCITS ETF

IBTS.L

iShares $ Treasury Bond 1-3yr UCITS ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Saltus is 68, 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.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
ACWI.L SPDR MSCI ACWI UCITS ETF	0.87	1.26	1.18	0.83	3.76
SPX5.L SPDR S&P 500 UCITS ETF	0.78	1.19	1.17	0.74	2.84
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	0.27	0.47	1.06	0.20	0.59
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	0.83	1.11	1.15	0.86	2.29
ISF.L iShares Core FTSE 100 UCITS ETF (Dist)	1.10	1.41	1.21	1.25	4.32
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	0.47	0.69	1.09	0.42	1.38
IEEM.L iShares MSCI EM UCITS ETF (Dist)	0.69	1.23	1.17	0.64	2.61
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	0.93	1.24	1.19	0.97	4.65
GGRG.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc	0.59	0.81	1.11	0.49	2.02
SGLN.L iShares Physical Gold ETC	2.28	3.07	1.42	5.52	15.26
XGIU.L Xtrackers Global Inflation-Linked Bond UCITS ETF 5C	0.60	0.68	1.09	0.14	0.82
ERNS.L iShares £ Ultrashort Bond UCITS ETF	1.52	2.13	1.26	1.41	3.52
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	0.31	0.34	1.05	0.37	0.60
R2SC.L SPDR Russell 2000 US Small Cap UCITS ETF	0.12	0.34	1.04	0.10	0.29
CUKS.L iShares MSCI UK Small Cap UCITS ETF (Acc)	0.71	0.97	1.13	0.38	1.58

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.

Saltus Sharpe ratios as of May 30, 2025 (values are recalculated daily):

1-Year: 0.96
5-Year: 0.82
All Time: 0.65

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 0.58 to 1.13, 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 Saltus compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

Saltus provided a 18.04% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	18.04%	16.78%	19.58%	22.11%	15.70%	22.01%	27.57%	26.85%	36.45%	23.37%	26.29%	22.21%
Portfolio components:
ACWI.L SPDR MSCI ACWI 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%
SPX5.L SPDR S&P 500 UCITS ETF	113.13%	103.50%	120.99%	138.50%	97.80%	140.46%	175.61%	170.82%	236.21%	149.13%	168.09%	142.74%
VAPX.L Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF Distributing	1.08%	1.84%	3.51%	4.31%	3.53%	2.05%	3.39%	3.54%	3.08%	2.72%	3.44%	2.27%
VERX.L Vanguard FTSE Developed Europe ex UK UCITS ETF Distributing	1.81%	2.34%	2.75%	2.93%	2.32%	2.00%	2.96%	3.14%	2.65%	2.65%	2.53%	0.09%
ISF.L iShares Core FTSE 100 UCITS ETF (Dist)	3.42%	3.71%	3.86%	3.75%	3.76%	3.11%	4.47%	4.44%	3.96%	3.79%	4.12%	3.41%
XDJP.L Xtrackers Nikkei 225 UCITS ETF 1D	1.50%	1.41%	1.59%	2.47%	1.20%	1.11%	1.13%	1.24%	0.72%	0.83%	0.16%	1.42%
IEEM.L iShares MSCI EM UCITS ETF (Dist)	2.90%	2.86%	2.91%	3.40%	2.74%	1.98%	2.32%	2.51%	1.86%	2.09%	3.38%	3.31%
VHYL.AS Vanguard FTSE All-World High Dividend Yield UCITS ETF - (USD) Distributing	2.93%	2.82%	3.15%	3.60%	2.59%	2.68%	2.89%	3.14%	2.76%	2.73%	2.92%	2.61%
GGRG.L WisdomTree Global Quality Dividend Growth UCITS ETF - USD 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%
SGLN.L iShares Physical Gold ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XGIU.L Xtrackers Global Inflation-Linked Bond UCITS ETF 5C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ERNS.L iShares £ Ultrashort Bond UCITS ETF	5.31%	5.42%	4.54%	1.14%	0.28%	0.75%	1.04%	0.74%	0.52%	0.81%	0.72%	0.55%
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	0.00%	2.57%	3.79%	0.88%	0.85%	2.33%	3.05%	2.01%	1.31%	0.91%	0.76%	0.42%
R2SC.L SPDR Russell 2000 US 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%
CUKS.L iShares MSCI UK Small Cap UCITS ETF (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%

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 Saltus . 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 Saltus was 29.74%, occurring on Mar 23, 2020. Recovery took 110 trading sessions.

The current Saltus drawdown is 0.08%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-29.74%	Jan 21, 2020	45	Mar 23, 2020	110	Aug 26, 2020	155
-25.1%	Jan 6, 2022	197	Oct 11, 2022	342	Feb 12, 2024	539
-16.1%	Jan 29, 2018	234	Dec 24, 2018	215	Oct 28, 2019	449
-12.65%	Feb 18, 2025	35	Apr 7, 2025	23	May 12, 2025	58
-7.65%	Jun 24, 2016	2	Jun 27, 2016	22	Jul 27, 2016	24

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 11.47, 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

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	^GSPC	IBTS.L	SGLN.L	XGIU.L	ERNS.L	VHYL.AS	R2SC.L	XDJP.L	IEEM.L	CUKS.L	ISF.L	SPX5.L	VAPX.L	VERX.L	GGRG.L	ACWI.L	Portfolio
^GSPC	1.00	0.09	0.05	0.12	0.24	0.52	0.51	0.50	0.50	0.44	0.47	0.61	0.52	0.52	0.59	0.61	0.61
IBTS.L	0.09	1.00	0.32	0.25	0.28	-0.11	0.03	0.12	0.09	0.02	0.08	0.12	0.08	0.09	0.14	0.11	0.13
SGLN.L	0.05	0.32	1.00	0.29	0.37	0.02	0.06	0.17	0.20	0.17	0.21	0.08	0.21	0.19	0.16	0.14	0.21
XGIU.L	0.12	0.25	0.29	1.00	0.32	0.13	0.14	0.19	0.15	0.23	0.19	0.14	0.17	0.20	0.19	0.18	0.23
ERNS.L	0.24	0.28	0.37	0.32	1.00	0.24	0.28	0.36	0.35	0.58	0.54	0.31	0.40	0.45	0.39	0.39	0.47
VHYL.AS	0.52	-0.11	0.02	0.13	0.24	1.00	0.65	0.60	0.62	0.60	0.69	0.67	0.67	0.67	0.70	0.71	0.77
R2SC.L	0.51	0.03	0.06	0.14	0.28	0.65	1.00	0.62	0.60	0.62	0.63	0.80	0.66	0.67	0.75	0.80	0.81
XDJP.L	0.50	0.12	0.17	0.19	0.36	0.60	0.62	1.00	0.67	0.61	0.65	0.71	0.72	0.71	0.75	0.78	0.81
IEEM.L	0.50	0.09	0.20	0.15	0.35	0.62	0.60	0.67	1.00	0.60	0.68	0.66	0.87	0.71	0.70	0.77	0.81
CUKS.L	0.44	0.02	0.17	0.23	0.58	0.60	0.62	0.61	0.60	1.00	0.81	0.63	0.67	0.77	0.71	0.72	0.79
ISF.L	0.47	0.08	0.21	0.19	0.54	0.69	0.63	0.65	0.68	0.81	1.00	0.67	0.76	0.85	0.78	0.77	0.85
SPX5.L	0.61	0.12	0.08	0.14	0.31	0.67	0.80	0.71	0.66	0.63	0.67	1.00	0.73	0.75	0.90	0.95	0.90
VAPX.L	0.52	0.08	0.21	0.17	0.40	0.67	0.66	0.72	0.87	0.67	0.76	0.73	1.00	0.77	0.78	0.82	0.87
VERX.L	0.52	0.09	0.19	0.20	0.45	0.67	0.67	0.71	0.71	0.77	0.85	0.75	0.77	1.00	0.86	0.85	0.89
GGRG.L	0.59	0.14	0.16	0.19	0.39	0.70	0.75	0.75	0.70	0.71	0.78	0.90	0.78	0.86	1.00	0.93	0.94
ACWI.L	0.61	0.11	0.14	0.18	0.39	0.71	0.80	0.78	0.77	0.72	0.77	0.95	0.82	0.85	0.93	1.00	0.97
Portfolio	0.61	0.13	0.21	0.23	0.47	0.77	0.81	0.81	0.81	0.79	0.85	0.90	0.87	0.89	0.94	0.97	1.00

The correlation results are calculated based on daily price changes starting from Jun 9, 2016

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

Saltus

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

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

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