Test
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CSU.TO Constellation Software Inc. | Technology | 11.11% |
DOL.TO Dollarama Inc. | Consumer Defensive | 11.11% |
NA.TO National Bank of Canada | Financial Services | 11.11% |
RY.TO Royal Bank of Canada | Financial Services | 11.11% |
STN.TO Stantec Inc. | Industrials | 11.11% |
TOI.V Topicus.com Inc. | Technology | 11.11% |
VFV.TO Vanguard S&P 500 Index ETF | Large Cap Growth Equities | 11.11% |
WCN.TO Waste Connections, Inc. | Industrials | 11.11% |
WSP.TO WSP Global Inc. | Industrials | 11.11% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Test, 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.
The earliest data available for this chart is Feb 2, 2021, corresponding to the inception date of TOI.V
Returns By Period
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.18% | -6.92% | -9.92% | 5.42% | 12.98% | 9.70% |
| Test | 8.11% | 4.85% | 3.23% | 21.91% | N/A | N/A |
| Portfolio components: | ||||||
CSU.TO Constellation Software Inc. | 9.55% | 4.18% | 5.48% | 26.09% | 28.28% | 26.19% |
TOI.V Topicus.com Inc. | 32.22% | 15.42% | 21.31% | 27.91% | N/A | N/A |
VFV.TO Vanguard S&P 500 Index ETF | -9.87% | -6.86% | -9.43% | 6.56% | 14.10% | 12.68% |
NA.TO National Bank of Canada | -7.34% | 2.44% | -10.51% | 8.50% | 21.24% | 13.78% |
RY.TO Royal Bank of Canada | -2.67% | 1.84% | -6.24% | 24.34% | 17.63% | 11.45% |
WCN.TO Waste Connections, Inc. | 15.37% | 3.67% | 8.42% | 20.75% | 18.00% | 19.51% |
WSP.TO WSP Global Inc. | 2.03% | 2.98% | -0.98% | 18.21% | 24.91% | 21.56% |
STN.TO Stantec Inc. | 11.64% | 4.46% | 4.66% | 11.03% | 26.79% | 15.81% |
DOL.TO Dollarama Inc. | 24.51% | 14.99% | 15.79% | 48.24% | 31.22% | 22.26% |
Monthly Returns
The table below presents the monthly returns of Test, 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 | 2.10% | 2.90% | -1.99% | 4.99% | 8.11% | ||||||||
| 2024 | 4.07% | 5.49% | 2.36% | -4.01% | 6.18% | 0.77% | 4.52% | 4.36% | 1.06% | -1.91% | 4.83% | -5.99% | 22.98% |
| 2023 | 8.07% | 1.40% | 3.23% | 1.67% | -1.80% | 7.94% | 1.64% | -3.53% | -2.28% | -4.15% | 9.74% | 6.28% | 30.59% |
| 2022 | -3.35% | -3.91% | 4.39% | -8.30% | -1.04% | -3.86% | 7.40% | -4.02% | -6.18% | 6.42% | 5.50% | -5.13% | -12.88% |
| 2021 | 0.35% | 11.50% | 7.78% | -0.67% | 2.79% | 3.34% | 6.89% | -3.11% | 8.54% | -4.44% | 5.54% | 44.25% |
Expense Ratio
Test has an expense ratio of 0.01%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 92, Test is among the top 8% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
CSU.TO Constellation Software Inc. | 0.93 | 1.44 | 1.18 | 1.71 | 5.05 |
TOI.V Topicus.com Inc. | 0.78 | 1.29 | 1.15 | 0.77 | 2.42 |
VFV.TO Vanguard S&P 500 Index ETF | 0.33 | 0.60 | 1.09 | 0.34 | 1.54 |
NA.TO National Bank of Canada | 0.40 | 0.68 | 1.10 | 0.35 | 1.01 |
RY.TO Royal Bank of Canada | 1.32 | 1.92 | 1.25 | 1.67 | 4.94 |
WCN.TO Waste Connections, Inc. | 1.21 | 1.73 | 1.23 | 1.67 | 5.02 |
WSP.TO WSP Global Inc. | 0.75 | 1.19 | 1.15 | 1.34 | 4.35 |
STN.TO Stantec Inc. | 0.39 | 0.80 | 1.10 | 0.75 | 1.50 |
DOL.TO Dollarama Inc. | 2.06 | 2.87 | 1.37 | 3.16 | 8.81 |
Dividends
Dividend yield
Test provided a 1.19% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.19% | 1.48% | 1.31% | 1.38% | 1.13% | 1.51% | 1.83% | 1.82% | 1.52% | 31,645.18% | 98,468.10% | 91,899.45% |
| Portfolio components: | ||||||||||||
CSU.TO Constellation Software Inc. | 0.12% | 0.12% | 0.16% | 0.25% | 0.21% | 0.32% | 2.54% | 0.60% | 0.68% | 0.86% | 0.90% | 1.29% |
TOI.V Topicus.com Inc. | 0.00% | 2.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VFV.TO Vanguard S&P 500 Index ETF | 1.18% | 0.99% | 1.20% | 1.31% | 1.06% | 1.33% | 1.55% | 1.68% | 1.50% | 1.66% | 1.63% | 1.48% |
NA.TO National Bank of Canada | 3.87% | 4.17% | 4.03% | 4.03% | 3.11% | 3.96% | 3.77% | 4.44% | 3.70% | 4.03% | 5.16% | 3.88% |
RY.TO Royal Bank of Canada | 3.54% | 3.23% | 3.99% | 3.90% | 3.22% | 4.10% | 3.96% | 4.03% | 3.39% | 3.57% | 4.15% | 3.54% |
WCN.TO Waste Connections, Inc. | 0.45% | 0.48% | 0.54% | 0.53% | 0.50% | 0.78% | 0.56% | 0.96% | 0.46% | 284,791.83% | 886,196.32% | 827,080.37% |
WSP.TO WSP Global Inc. | 0.61% | 0.60% | 0.82% | 0.97% | 0.83% | 1.26% | 1.69% | 2.56% | 2.50% | 3.36% | 3.53% | 4.19% |
STN.TO Stantec Inc. | 0.71% | 0.74% | 0.75% | 1.11% | 0.95% | 1.55% | 1.98% | 1.84% | 1.42% | 1.33% | 1.22% | 0.29% |
DOL.TO Dollarama Inc. | 0.23% | 0.24% | 0.28% | 0.29% | 0.32% | 0.32% | 0.39% | 0.25% | 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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Test. 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 Test was 19.99%, occurring on Jun 16, 2022. Recovery took 217 trading sessions.
The current Test drawdown is 0.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.99% | Nov 16, 2021 | 147 | Jun 16, 2022 | 217 | Apr 28, 2023 | 364 |
| -11.63% | Jul 25, 2023 | 66 | Oct 27, 2023 | 25 | Dec 1, 2023 | 91 |
| -8.94% | Dec 3, 2024 | 87 | Apr 8, 2025 | 4 | Apr 14, 2025 | 91 |
| -4.65% | Sep 16, 2021 | 10 | Sep 29, 2021 | 10 | Oct 14, 2021 | 20 |
| -4.43% | Mar 22, 2024 | 27 | Apr 30, 2024 | 6 | May 8, 2024 | 33 |
Volatility
Volatility Chart
The current Test volatility is 10.53%, 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.
Diversification
Asset Correlations Table
| TOI.V | WCN.TO | DOL.TO | NA.TO | CSU.TO | STN.TO | WSP.TO | RY.TO | VFV.TO | |
|---|---|---|---|---|---|---|---|---|---|
| TOI.V | 1.00 | 0.19 | 0.24 | 0.25 | 0.29 | 0.24 | 0.27 | 0.26 | 0.27 |
| WCN.TO | 0.19 | 1.00 | 0.40 | 0.34 | 0.37 | 0.42 | 0.45 | 0.40 | 0.48 |
| DOL.TO | 0.24 | 0.40 | 1.00 | 0.35 | 0.40 | 0.42 | 0.44 | 0.40 | 0.42 |
| NA.TO | 0.25 | 0.34 | 0.35 | 1.00 | 0.43 | 0.44 | 0.48 | 0.73 | 0.54 |
| CSU.TO | 0.29 | 0.37 | 0.40 | 0.43 | 1.00 | 0.48 | 0.51 | 0.50 | 0.59 |
| STN.TO | 0.24 | 0.42 | 0.42 | 0.44 | 0.48 | 1.00 | 0.64 | 0.49 | 0.55 |
| WSP.TO | 0.27 | 0.45 | 0.44 | 0.48 | 0.51 | 0.64 | 1.00 | 0.56 | 0.59 |
| RY.TO | 0.26 | 0.40 | 0.40 | 0.73 | 0.50 | 0.49 | 0.56 | 1.00 | 0.61 |
| VFV.TO | 0.27 | 0.48 | 0.42 | 0.54 | 0.59 | 0.55 | 0.59 | 0.61 | 1.00 |