Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
IEFA iShares Core MSCI EAFE ETF | Foreign Large Cap Equities | 16.67% |
IEMG iShares Core MSCI Emerging Markets ETF | Emerging Markets Diversified | 16.67% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | Corporate Bonds | 16.67% |
MBB iShares MBS Bond ETF | Mortgage Backed Securities | 16.67% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 16.67% |
VGIT Vanguard Intermediate-Term Treasury ETF | Government Bonds | 16.67% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bad funds, 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.
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The earliest data available for this chart is Oct 24, 2012, corresponding to the inception date of IEFA
Returns By Period
As of Apr 2, 2026, the Bad funds returned 1.17% Year-To-Date and 3.92% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio Bad funds | -0.08% | -1.86% | 1.17% | 2.19% | 11.32% | 6.46% | 1.36% | 3.92% |
| Portfolio components: | ||||||||
MBB iShares MBS Bond ETF | 0.06% | -1.09% | 0.46% | 1.65% | 5.31% | 4.11% | 0.41% | 1.35% |
IEFA iShares Core MSCI EAFE ETF | -0.54% | -2.21% | 2.18% | 5.82% | 24.78% | 14.56% | 8.01% | 8.97% |
IEMG iShares Core MSCI Emerging Markets ETF | -1.02% | -3.09% | 3.48% | 6.02% | 32.00% | 15.85% | 4.31% | 8.31% |
TLT iShares 20+ Year Treasury Bond ETF | 0.61% | -2.56% | 0.69% | -0.91% | -0.77% | -2.76% | -5.75% | -1.34% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.42% | -1.17% | 0.15% | -0.08% | 4.82% | 4.23% | 0.20% | 2.67% |
VGIT Vanguard Intermediate-Term Treasury ETF | 0.13% | -1.05% | 0.03% | 0.77% | 4.08% | 3.19% | 0.33% | 1.32% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 25, 2012, Bad funds's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, your investment would double in approximately 18.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +8.1%, while the worst month was Sep 2022 at -7.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Bad funds closed higher 54% of trading days. The best single day was Nov 10, 2022 with a return of +3.5%, while the worst single day was Mar 12, 2020 at -4.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.31% | 3.32% | -4.58% | 0.31% | 1.17% | ||||||||
| 2025 | 1.40% | 2.61% | 0.05% | 0.73% | 0.83% | 3.00% | -0.60% | 1.94% | 2.54% | 1.22% | 0.28% | 0.18% | 15.05% |
| 2024 | -1.27% | -0.14% | 1.61% | -2.95% | 2.56% | 0.89% | 2.49% | 1.85% | 2.08% | -3.73% | 0.58% | -2.79% | 0.90% |
| 2023 | 6.04% | -4.05% | 3.28% | 0.76% | -2.10% | 1.34% | 1.06% | -2.58% | -3.82% | -2.91% | 7.01% | 4.99% | 8.50% |
| 2022 | -2.50% | -2.09% | -2.77% | -5.81% | 0.65% | -3.57% | 2.90% | -3.80% | -7.25% | -0.70% | 8.13% | -1.66% | -17.74% |
| 2021 | -0.60% | -1.01% | -1.02% | 1.60% | 0.97% | 1.14% | 0.36% | 0.31% | -2.09% | 1.02% | -0.92% | 0.53% | 0.23% |
Benchmark Metrics
Bad funds has an annualized alpha of 0.49%, beta of 0.26, and R² of 0.35 versus S&P 500 Index. Calculated based on daily prices since October 25, 2012.
- This portfolio participated in 43.94% of S&P 500 Index downside but only 31.09% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.26 may look defensive, but with R² of 0.35 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.35 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 0.49%
- Beta
- 0.26
- R²
- 0.35
- Upside Capture
- 31.09%
- Downside Capture
- 43.94%
Expense Ratio
Bad funds has an expense ratio of 0.09%, 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.
Return for Risk
Risk / Return Rank
Bad funds ranks 55 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.38 | 0.88 | +0.50 |
Sortino ratioReturn per unit of downside risk | 1.92 | 1.37 | +0.55 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.21 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.39 | +0.44 |
Martin ratioReturn relative to average drawdown | 7.03 | 6.43 | +0.59 |
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 | |
|---|---|---|---|---|---|---|
MBB iShares MBS Bond ETF | 59 | 1.07 | 1.54 | 1.19 | 2.15 | 5.89 |
IEFA iShares Core MSCI EAFE ETF | 73 | 1.41 | 2.01 | 1.29 | 2.18 | 8.32 |
IEMG iShares Core MSCI Emerging Markets ETF | 79 | 1.62 | 2.21 | 1.32 | 2.43 | 9.12 |
TLT iShares 20+ Year Treasury Bond ETF | 10 | -0.07 | -0.01 | 1.00 | -0.09 | -0.19 |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 37 | 0.73 | 1.03 | 1.14 | 1.50 | 4.10 |
VGIT Vanguard Intermediate-Term Treasury ETF | 52 | 1.08 | 1.61 | 1.19 | 1.64 | 5.01 |
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Dividends
Dividend yield
Bad funds provided a 3.87% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.87% | 3.87% | 3.84% | 3.26% | 2.57% | 2.15% | 2.04% | 2.81% | 2.87% | 2.39% | 2.58% | 2.60% |
| Portfolio components: | ||||||||||||
MBB iShares MBS Bond ETF | 4.23% | 4.21% | 3.94% | 3.40% | 2.31% | 1.05% | 2.10% | 2.77% | 2.64% | 2.23% | 2.58% | 2.66% |
IEFA iShares Core MSCI EAFE ETF | 3.48% | 3.55% | 3.47% | 3.20% | 2.70% | 3.32% | 1.90% | 3.18% | 3.46% | 2.57% | 2.96% | 2.63% |
IEMG iShares Core MSCI Emerging Markets ETF | 2.66% | 2.75% | 3.20% | 2.89% | 2.71% | 3.06% | 1.87% | 3.15% | 2.76% | 2.35% | 2.28% | 2.53% |
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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.54% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.82% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
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 Bad funds. 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 Bad funds was 25.69%, occurring on Oct 24, 2022. Recovery took 724 trading sessions.
The current Bad funds drawdown is 4.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.69% | Sep 15, 2021 | 280 | Oct 24, 2022 | 724 | Sep 15, 2025 | 1004 |
| -13.56% | Mar 9, 2020 | 9 | Mar 19, 2020 | 50 | Jun 1, 2020 | 59 |
| -9.44% | Apr 28, 2015 | 186 | Jan 21, 2016 | 130 | Jul 27, 2016 | 316 |
| -9.37% | Jan 29, 2018 | 191 | Oct 29, 2018 | 158 | Jun 18, 2019 | 349 |
| -8.4% | May 3, 2013 | 36 | Jun 24, 2013 | 200 | Apr 9, 2014 | 236 |
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 6 assets, with an effective number of assets of 6.00, 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
| Benchmark | IEMG | IEFA | MBB | VGIT | TLT | LQD | Portfolio | |
|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.69 | 0.79 | -0.00 | -0.16 | -0.17 | 0.14 | 0.55 |
| IEMG | 0.69 | 1.00 | 0.78 | 0.05 | -0.09 | -0.12 | 0.14 | 0.71 |
| IEFA | 0.79 | 0.78 | 1.00 | 0.07 | -0.08 | -0.12 | 0.17 | 0.69 |
| MBB | -0.00 | 0.05 | 0.07 | 1.00 | 0.85 | 0.76 | 0.78 | 0.58 |
| VGIT | -0.16 | -0.09 | -0.08 | 0.85 | 1.00 | 0.84 | 0.78 | 0.48 |
| TLT | -0.17 | -0.12 | -0.12 | 0.76 | 0.84 | 1.00 | 0.81 | 0.48 |
| LQD | 0.14 | 0.14 | 0.17 | 0.78 | 0.78 | 0.81 | 1.00 | 0.70 |
| Portfolio | 0.55 | 0.71 | 0.69 | 0.58 | 0.48 | 0.48 | 0.70 | 1.00 |