Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2

Asset Allocation

Position	Category/Sector	Target Weight
^BCOM Bloomberg Commodity Index		15%
^SPNY S&P 500 Energy Index		8%
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF	Global Equities	7%
SOXX iShares Semiconductor ETF	Semiconductors, Technology Equities	10%
URTH iShares MSCI World ETF	Large Cap Growth Equities	15%
VGT Vanguard Information Technology ETF	Technology Equities	25%
XAUUSD=X Gold Spot Price US Dollar		20%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2, 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 year.

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The earliest data available for this chart is Oct 6, 2014, corresponding to the inception date of IWFV.L

Returns By Period

As of Apr 4, 2026, the Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 returned 7.97% Year-To-Date and 16.57% of annualized return in the last 10 years.

	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 Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2	0.19%	-1.16%	7.97%	13.29%	43.98%	23.34%	17.38%	16.57%
Portfolio components:
VGT Vanguard Information Technology ETF	0.85%	-2.69%	-5.36%	-5.50%	39.92%	23.50%	15.02%	21.67%
SOXX iShares Semiconductor ETF	0.32%	-0.50%	12.84%	21.56%	100.62%	33.13%	19.27%	28.54%
URTH iShares MSCI World ETF	-0.05%	-3.76%	-2.18%	0.10%	24.50%	17.29%	10.45%	12.20%
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF	-0.71%	-2.16%	5.36%	13.53%	42.27%	20.40%	11.98%	10.65%
^SPNY S&P 500 Energy Index	0.46%	6.25%	32.52%	33.93%	36.71%	11.00%	19.12%	7.22%
^BCOM Bloomberg Commodity Index	1.99%	10.16%	25.11%	30.25%	31.58%	8.81%	10.36%	5.92%
XAUUSD=X Gold Spot Price US Dollar	-1.71%	-9.03%	8.19%	20.33%	50.15%	33.08%	21.93%	14.43%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 7, 2014, Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2's average daily return is +0.05%, while the average monthly return is +1.14%. At this rate, your investment would double in approximately 5.1 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +10.1%, while the worst month was Mar 2020 at -10.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +7.7%, while the worst single day was Mar 16, 2020 at -8.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	7.39%	2.47%	-2.92%	1.07%									7.97%
2025	2.77%	-0.26%	-0.86%	-0.55%	4.31%	5.43%	1.13%	2.99%	6.26%	4.53%	0.39%	1.15%	30.55%
2024	0.55%	3.10%	4.72%	-2.15%	4.34%	2.38%	0.20%	0.75%	2.44%	-0.56%	2.16%	-1.45%	17.46%
2023	6.77%	-2.58%	5.47%	-0.30%	1.92%	4.32%	3.87%	-2.01%	-4.35%	-1.13%	7.50%	3.98%	25.11%
2022	-1.44%	1.33%	3.82%	-5.23%	1.62%	-9.64%	6.45%	-3.15%	-8.62%	6.08%	6.12%	-3.44%	-7.59%
2021	0.35%	3.39%	0.97%	3.87%	2.70%	1.77%	1.00%	1.27%	-1.64%	5.29%	-0.38%	3.35%	24.03%

Benchmark Metrics

Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 has an annualized alpha of 5.07%, beta of 0.73, and R² of 0.80 versus S&P 500 Index. Calculated based on daily prices since October 07, 2014.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.80%) than losses (69.90%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 5.07% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 5.07%

Beta: 0.73

R²: 0.80

Upside Capture: 85.80%

Downside Capture: 69.90%

Expense Ratio

Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 has an expense ratio of 0.11%, 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.

SOXX

iShares Semiconductor ETF

IWFV.L

iShares Edge MSCI World Value Factor UCITS ETF

URTH

iShares MSCI World ETF

VGT

Vanguard Information Technology ETF

Return for Risk

Risk / Return Rank

Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 ranks 90 for risk / return — in the top 90% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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	1.97	0.88	+1.09
Sortino ratio Return per unit of downside risk	2.69	1.37	+1.33
Omega ratio Gain probability vs. loss probability	1.45	1.21	+0.24
Calmar ratio Return relative to maximum drawdown	4.37	1.39	+2.98
Martin ratio Return relative to average drawdown	15.03	6.43	+8.59
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
VGT Vanguard Information Technology ETF	57	1.10	1.67	1.23	1.88	5.72
SOXX iShares Semiconductor ETF	91	2.01	2.62	1.37	4.46	16.48
URTH iShares MSCI World ETF	61	1.12	1.68	1.25	1.70	8.10
IWFV.L iShares Edge MSCI World Value Factor UCITS ETF	94	2.25	2.90	1.42	4.88	18.82
^SPNY S&P 500 Energy Index	60	1.07	1.45	1.21	1.44	3.41
^BCOM Bloomberg Commodity Index	90	1.63	2.15	1.30	4.94	12.34
XAUUSD=X Gold Spot Price US Dollar	91	1.61	2.08	1.31	1.93	6.72

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.

Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.97
5-Year: 1.10
10-Year: 1.07
All Time: 0.92

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 is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 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

Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 provided a 0.38% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.38%	0.38%	0.44%	0.49%	0.61%	0.45%	0.52%	0.72%	0.81%	0.62%	0.76%	0.80%
Portfolio components:
VGT Vanguard Information Technology ETF	0.43%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%
SOXX iShares Semiconductor ETF	0.49%	0.57%	0.67%	0.78%	1.26%	0.64%	0.81%	1.23%	1.37%	0.90%	1.08%	1.29%
URTH iShares MSCI World ETF	1.52%	1.48%	1.47%	1.70%	1.68%	1.50%	1.52%	2.16%	2.30%	1.88%	2.15%	2.35%
IWFV.L iShares Edge MSCI World 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%
^SPNY S&P 500 Energy Index	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
^BCOM Bloomberg Commodity Index	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XAUUSD=X Gold Spot Price US Dollar	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 Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2. 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 Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 was 26.94%, occurring on Mar 20, 2020. Recovery took 86 trading sessions.

The current Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2 drawdown is 3.08%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-26.94%	Feb 20, 2020	22	Mar 20, 2020	86	Jul 21, 2020	108
-19.52%	Mar 28, 2022	131	Sep 26, 2022	182	Jun 12, 2023	313
-17.49%	May 19, 2015	175	Jan 20, 2016	143	Aug 8, 2016	318
-15.86%	Oct 4, 2018	58	Dec 24, 2018	70	Apr 3, 2019	128
-15.24%	Feb 21, 2025	40	Apr 8, 2025	47	Jun 3, 2025	87

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 7 assets, with an effective number of assets of 5.92, 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	XAUUSD=X	^BCOM	^SPNY	IWFV.L	SOXX	VGT	URTH	Portfolio
Benchmark	1.00	0.01	0.23	0.49	0.56	0.77	0.90	0.95	0.85
XAUUSD=X	0.01	1.00	0.32	0.05	0.10	0.01	0.00	0.07	0.31
^BCOM	0.23	0.32	1.00	0.51	0.29	0.17	0.16	0.27	0.49
^SPNY	0.49	0.05	0.51	1.00	0.43	0.34	0.32	0.49	0.57
IWFV.L	0.56	0.10	0.29	0.43	1.00	0.46	0.45	0.62	0.59
SOXX	0.77	0.01	0.17	0.34	0.46	1.00	0.86	0.74	0.81
VGT	0.90	0.00	0.16	0.32	0.45	0.86	1.00	0.84	0.84
URTH	0.95	0.07	0.27	0.49	0.62	0.74	0.84	1.00	0.86
Portfolio	0.85	0.31	0.49	0.57	0.59	0.81	0.84	0.86	1.00

The correlation results are calculated based on daily price changes starting from Oct 7, 2014

Max Backtest (Alternative Assets) !!!BTC/Energy/Value Trade Republic Growth + Hedge V2

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