ALLWEATHER BY GEMINI

Asset Allocation

Position	Category/Sector	Target Weight
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	Commodities, Actively Managed	8%
BIL SPDR Barclays 1-3 Month T-Bill ETF	Government Bonds	20%
DBMF iM DBi Managed Futures Strategy ETF	Hedge Fund, Actively Managed	10%
GBTC Grayscale Bitcoin Trust (BTC)	Financial Services	3%
IAU iShares Gold Trust	Gold, Precious Metals	12%
KRBN KraneShares Global Carbon ETF	Commodities	2%
LAND Gladstone Land Corporation	Real Estate	5%
VOO Vanguard S&P 500 ETF	S&P 500	15%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	Inflation-Protected Bonds	15%
VWO Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ALLWEATHER BY GEMINI, 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 Jul 30, 2020, corresponding to the inception date of KRBN

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.63%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio ALLWEATHER BY GEMINI	-0.10%	-1.67%	3.45%	5.68%	21.63%	13.29%	9.23%	—
Portfolio components:
BIL SPDR Barclays 1-3 Month T-Bill ETF	0.02%	0.29%	0.90%	1.83%	3.96%	4.71%	3.28%	2.13%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	0.23%	0.28%	1.11%	1.47%	3.84%	4.67%	3.51%	3.08%
VOO Vanguard S&P 500 ETF	0.11%	-3.50%	-3.55%	-1.41%	31.08%	18.47%	11.96%	14.19%
IAU iShares Gold Trust	-1.94%	-7.94%	8.34%	20.10%	53.58%	32.68%	21.72%	14.14%
VWO Vanguard FTSE Emerging Markets ETF	-0.72%	-1.88%	0.11%	0.16%	31.31%	13.41%	3.75%	7.73%
DBMF iM DBi Managed Futures Strategy ETF	0.33%	0.59%	8.44%	15.00%	29.84%	10.31%	8.74%	—
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	2.45%	8.92%	26.32%	32.72%	42.54%	13.73%	13.66%	—
LAND Gladstone Land Corporation	0.78%	-12.06%	14.52%	15.29%	9.23%	-10.21%	-7.65%	4.55%
KRBN KraneShares Global Carbon ETF	-2.49%	0.79%	-16.89%	-11.12%	12.35%	-5.25%	8.23%	—
GBTC Grayscale Bitcoin Trust (BTC)	-1.70%	-6.09%	-23.71%	-45.88%	-21.37%	48.11%	0.50%	57.65%

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

Monthly Returns

Based on dividend-adjusted daily data since Jul 31, 2020, ALLWEATHER BY GEMINI's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, your investment would double in approximately 6.6 years.

Historically, 71% of months were positive and 29% were negative. The best month was Dec 2020 with a return of +5.5%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.

On a daily basis, ALLWEATHER BY GEMINI closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +3.2%, while the worst single day was Apr 4, 2025 at -2.4%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.49%	2.03%	-3.23%	0.28%									3.45%
2025	2.34%	-0.26%	0.39%	0.43%	1.75%	2.29%	0.20%	1.68%	3.64%	1.55%	0.81%	0.52%	16.36%
2024	0.09%	2.49%	3.48%	-0.07%	2.31%	0.56%	0.86%	-0.09%	2.69%	-0.42%	1.41%	-1.08%	12.80%
2023	4.20%	-2.69%	2.85%	0.26%	-1.51%	3.29%	2.20%	-1.33%	-1.57%	1.39%	2.60%	1.84%	11.85%
2022	-1.44%	1.03%	2.77%	-1.16%	-1.95%	-4.14%	2.75%	-2.29%	-4.95%	2.28%	2.15%	-1.73%	-6.87%
2021	0.68%	2.51%	1.56%	3.26%	1.58%	-0.04%	0.72%	0.93%	-1.48%	3.42%	0.07%	1.75%	15.90%

Benchmark Metrics

ALLWEATHER BY GEMINI has an annualized alpha of 6.11%, beta of 0.36, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since July 31, 2020.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (45.43%) than losses (30.01%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 6.11% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.36 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 6.11%

Beta: 0.36

R²: 0.56

Upside Capture: 45.43%

Downside Capture: 30.01%

Expense Ratio

ALLWEATHER BY GEMINI has an expense ratio of 0.20%, 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.

DBMF

iM DBi Managed Futures Strategy ETF

KRBN

KraneShares Global Carbon ETF

IAU

iShares Gold Trust

BCI

abrdn Bloomberg All Commodity Strategy K-1 Free ETF

BIL

SPDR Barclays 1-3 Month T-Bill ETF

VWO

Vanguard FTSE Emerging Markets ETF

VTIP

Vanguard Short-Term Inflation-Protected Securities ETF

VOO

Vanguard S&P 500 ETF

Return for Risk

Risk / Return Rank

ALLWEATHER BY GEMINI ranks 84 for risk / return — in the top 84% 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	1.90	0.88	+1.02
Sortino ratio Return per unit of downside risk	2.59	1.37	+1.22
Omega ratio Gain probability vs. loss probability	1.38	1.21	+0.17
Calmar ratio Return relative to maximum drawdown	3.05	1.39	+1.67
Martin ratio Return relative to average drawdown	12.26	6.43	+5.82
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
BIL SPDR Barclays 1-3 Month T-Bill ETF	100	19.57	254.91	180.89	367.86	4,130.10
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	93	2.18	3.31	1.47	4.13	13.26
VOO Vanguard S&P 500 ETF	53	0.98	1.49	1.23	1.53	7.13
IAU iShares Gold Trust	79	1.78	2.21	1.33	2.58	9.32
VWO Vanguard FTSE Emerging Markets ETF	61	1.22	1.74	1.25	1.78	6.68
DBMF iM DBi Managed Futures Strategy ETF	94	2.25	3.05	1.48	4.38	18.76
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	85	1.93	2.55	1.36	3.65	10.05
LAND Gladstone Land Corporation	44	0.20	0.50	1.06	0.27	0.49
KRBN KraneShares Global Carbon ETF	16	0.31	0.54	1.07	0.20	0.62
GBTC Grayscale Bitcoin Trust (BTC)	20	-0.54	-0.53	0.94	-0.45	-0.95

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.

ALLWEATHER BY GEMINI Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.90
5-Year: 1.19
All Time: 1.39

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 ALLWEATHER BY GEMINI 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

ALLWEATHER BY GEMINI provided a 3.67% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.67%	4.10%	3.16%	2.93%	4.94%	3.83%	0.99%	2.57%	1.62%	1.63%	0.90%	0.91%
Portfolio components:
BIL SPDR Barclays 1-3 Month T-Bill ETF	3.96%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%	0.00%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	3.62%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%	0.00%
VOO Vanguard S&P 500 ETF	1.18%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
IAU iShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWO Vanguard FTSE Emerging Markets ETF	2.70%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%
DBMF iM DBi Managed Futures Strategy ETF	5.28%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%	0.00%
BCI abrdn Bloomberg All Commodity Strategy K-1 Free ETF	13.05%	16.49%	3.29%	3.93%	19.98%	19.43%	0.68%	1.47%	1.13%	5.02%	0.00%	0.00%
LAND Gladstone Land Corporation	5.42%	6.12%	5.16%	3.83%	2.98%	1.60%	3.67%	4.12%	4.63%	3.90%	4.40%	5.38%
KRBN KraneShares Global Carbon ETF	2.29%	1.90%	7.10%	7.60%	22.91%	0.49%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GBTC Grayscale Bitcoin Trust (BTC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.61%	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 ALLWEATHER BY GEMINI. 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 ALLWEATHER BY GEMINI was 12.80%, occurring on Sep 30, 2022. Recovery took 309 trading sessions.

The current ALLWEATHER BY GEMINI drawdown is 3.15%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-12.8%	Apr 20, 2022	114	Sep 30, 2022	309	Dec 22, 2023	423
-7.12%	Feb 21, 2025	33	Apr 8, 2025	24	May 13, 2025	57
-5.12%	Mar 3, 2026	18	Mar 26, 2026	—	—	—
-5.01%	Jul 17, 2024	14	Aug 5, 2024	34	Sep 23, 2024	48
-4.38%	Sep 2, 2020	15	Sep 23, 2020	31	Nov 5, 2020	46

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 10 assets, with an effective number of assets of 7.72, 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	BIL	KRBN	DBMF	VTIP	LAND	IAU	GBTC	BCI	VWO	VOO	Portfolio
Benchmark	1.00	-0.01	0.21	0.17	0.16	0.40	0.13	0.40	0.22	0.63	1.00	0.71
BIL	-0.01	1.00	-0.04	-0.03	0.03	-0.02	0.04	0.05	-0.02	0.02	-0.01	0.01
KRBN	0.21	-0.04	1.00	0.04	0.10	0.08	0.12	0.10	0.15	0.20	0.21	0.27
DBMF	0.17	-0.03	0.04	1.00	-0.11	0.04	0.12	0.13	0.24	0.17	0.17	0.35
VTIP	0.16	0.03	0.10	-0.11	1.00	0.20	0.37	0.06	0.27	0.14	0.16	0.31
LAND	0.40	-0.02	0.08	0.04	0.20	1.00	0.14	0.21	0.14	0.31	0.40	0.50
IAU	0.13	0.04	0.12	0.12	0.37	0.14	1.00	0.11	0.45	0.31	0.13	0.54
GBTC	0.40	0.05	0.10	0.13	0.06	0.21	0.11	1.00	0.14	0.35	0.40	0.59
BCI	0.22	-0.02	0.15	0.24	0.27	0.14	0.45	0.14	1.00	0.33	0.22	0.55
VWO	0.63	0.02	0.20	0.17	0.14	0.31	0.31	0.35	0.33	1.00	0.63	0.73
VOO	1.00	-0.01	0.21	0.17	0.16	0.40	0.13	0.40	0.22	0.63	1.00	0.71
Portfolio	0.71	0.01	0.27	0.35	0.31	0.50	0.54	0.59	0.55	0.73	0.71	1.00

The correlation results are calculated based on daily price changes starting from Jul 31, 2020

ALLWEATHER BY GEMINI

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