Sept 20 2023

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Sept 20 2023

Currency in USD · Last updated May 11, 2025

Asset Allocation

Position	Category/Sector	Target Weight
AZO AutoZone, Inc.	Consumer Cyclical	2.70%
CHD Church & Dwight Co., Inc.	Consumer Defensive	2.70%
CSU.TO Constellation Software Inc.	Technology	2.80%
FTNT Fortinet, Inc.	Technology	2.70%
GLD SPDR Gold Trust	Precious Metals, Gold	30.70%
HSY The Hershey Company	Consumer Defensive	2.70%
LLY Eli Lilly and Company	Healthcare	2.70%
NVO Novo Nordisk A/S	Healthcare	1.20%
ODFL Old Dominion Freight Line, Inc.	Industrials	2.70%
PANW Palo Alto Networks, Inc.	Technology	2.70%
PWR Quanta Services, Inc.	Industrials	2.70%
QQQ Invesco QQQ	Large Cap Blend Equities	35.50%
TTD The Trade Desk, Inc.	Technology	2.80%
UFPT UFP Technologies, Inc.	Healthcare	2.60%
ZS Zscaler, Inc.	Technology	2.80%

Benchmark

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Mar 16, 2018, corresponding to the inception date of ZS

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-3.77%	7.44%	-5.60%	8.37%	14.12%	10.46%
Sept 20 2023	6.92%	8.38%	3.35%	20.24%	21.33%	N/A
Portfolio components:
NVO Novo Nordisk A/S	-22.31%	7.45%	-37.66%	-47.77%	17.11%	11.19%
ODFL Old Dominion Freight Line, Inc.	-10.13%	0.98%	-29.80%	-13.98%	15.44%	21.39%
CHD Church & Dwight Co., Inc.	-12.31%	-11.76%	-13.51%	-13.74%	5.48%	9.74%
AZO AutoZone, Inc.	14.42%	1.34%	17.80%	22.97%	27.78%	18.39%
PWR Quanta Services, Inc.	3.19%	24.05%	-1.47%	20.20%	57.28%	27.59%
HSY The Hershey Company	1.78%	4.15%	-1.09%	-13.98%	7.40%	8.66%
UFPT UFP Technologies, Inc.	-3.28%	15.03%	-31.43%	-9.20%	38.57%	28.28%
LLY Eli Lilly and Company	-4.68%	1.89%	-11.36%	-2.72%	36.84%	28.45%
PANW Palo Alto Networks, Inc.	2.73%	11.09%	-4.48%	25.68%	37.99%	22.23%
FTNT Fortinet, Inc.	3.11%	1.14%	5.85%	67.50%	27.72%	29.00%
CSU.TO Constellation Software Inc.	18.75%	17.52%	17.19%	34.43%	27.97%	27.62%
TTD The Trade Desk, Inc.	-39.56%	44.19%	-43.23%	-18.59%	18.07%	N/A
ZS Zscaler, Inc.	29.18%	19.30%	19.07%	33.47%	24.35%	N/A
GLD SPDR Gold Trust	26.73%	4.96%	23.75%	40.30%	13.75%	10.19%
QQQ Invesco QQQ	-4.41%	9.37%	-4.80%	11.06%	16.98%	17.24%

*Annualized

Monthly Returns

The table below presents the monthly returns of Sept 20 2023, 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	3.95%	-1.02%	-1.62%	3.46%	2.09%								6.92%
2024	1.69%	4.97%	3.49%	-2.38%	3.82%	3.37%	1.74%	3.63%	1.83%	0.40%	4.05%	-3.28%	25.54%
2023	7.47%	-0.07%	7.51%	0.89%	4.56%	5.15%	2.93%	-1.55%	-4.51%	0.56%	7.28%	3.73%	38.69%
2022	-6.88%	1.58%	2.90%	-7.56%	-2.61%	-3.69%	5.47%	-2.52%	-6.33%	3.14%	6.00%	-4.27%	-14.94%
2021	-1.14%	-0.11%	0.87%	5.20%	2.24%	2.06%	3.88%	4.01%	-3.93%	6.35%	2.18%	2.79%	26.77%
2020	3.68%	-4.02%	-5.11%	12.36%	7.86%	4.60%	8.37%	5.08%	-4.02%	-2.10%	7.74%	6.21%	46.57%
2019	7.54%	4.47%	3.17%	2.76%	-4.61%	7.48%	2.76%	0.74%	-2.28%	3.45%	3.60%	2.39%	35.55%
2018			-3.10%	0.06%	4.76%	0.85%	0.83%	6.18%	0.44%	-5.10%	1.82%	-2.97%	3.27%

Expense Ratio

Sept 20 2023 has an expense ratio of 0.19%, 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.

GLD

SPDR Gold Trust

QQQ

Invesco QQQ

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 84, Sept 20 2023 is among the top 16% 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.

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
NVO Novo Nordisk A/S	-1.13	-1.80	0.77	-0.84	-1.57
ODFL Old Dominion Freight Line, Inc.	-0.35	-0.29	0.96	-0.37	-0.80
CHD Church & Dwight Co., Inc.	-0.66	-0.83	0.90	-0.73	-2.10
AZO AutoZone, Inc.	1.05	1.69	1.21	1.62	7.66
PWR Quanta Services, Inc.	0.49	0.91	1.13	0.61	1.51
HSY The Hershey Company	-0.44	-0.65	0.92	-0.31	-0.99
UFPT UFP Technologies, Inc.	-0.18	0.09	1.01	-0.20	-0.40
LLY Eli Lilly and Company	-0.11	0.02	1.00	-0.25	-0.49
PANW Palo Alto Networks, Inc.	0.73	1.01	1.12	0.74	2.20
FTNT Fortinet, Inc.	1.60	2.52	1.35	1.95	8.31
CSU.TO Constellation Software Inc.	1.13	1.93	1.25	2.45	7.22
TTD The Trade Desk, Inc.	-0.32	-0.07	0.99	-0.32	-0.73
ZS Zscaler, Inc.	0.79	1.09	1.16	0.50	3.07
GLD SPDR Gold Trust	2.35	3.05	1.39	4.79	12.51
QQQ Invesco QQQ	0.45	0.64	1.09	0.37	1.21

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.

Sept 20 2023 Sharpe ratios as of May 11, 2025 (values are recalculated daily):

1-Year: 1.22
5-Year: 1.35
All Time: 1.31

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 0.41 to 0.94, 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 Sept 20 2023 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

Sept 20 2023 provided a 0.41% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.41%	0.37%	0.37%	0.43%	0.29%	0.38%	0.52%	0.55%	0.52%	0.63%	0.57%	0.73%
Portfolio components:
NVO Novo Nordisk A/S	2.45%	1.68%	1.00%	1.20%	1.34%	1.86%	2.14%	2.47%	2.12%	3.93%	1.31%	1.96%
ODFL Old Dominion Freight Line, Inc.	0.67%	0.59%	0.39%	0.42%	0.22%	0.31%	0.36%	0.74%	0.30%	0.00%	0.00%	0.00%
CHD Church & Dwight Co., Inc.	1.25%	1.08%	1.15%	1.31%	0.99%	1.10%	1.30%	1.33%	1.51%	1.61%	1.58%	1.57%
AZO AutoZone, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PWR Quanta Services, Inc.	0.12%	0.09%	0.15%	0.25%	0.16%	0.29%	0.42%	0.13%	0.00%	0.00%	0.00%	0.00%
HSY The Hershey Company	3.21%	3.24%	2.39%	1.67%	1.76%	2.07%	2.03%	2.57%	2.24%	2.32%	2.50%	1.96%
UFPT UFP Technologies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LLY Eli Lilly and Company	0.74%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.95%	2.46%	2.77%	2.37%	2.84%
PANW Palo Alto Networks, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTNT Fortinet, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CSU.TO Constellation Software Inc.	0.11%	0.12%	0.16%	0.25%	0.21%	0.32%	2.54%	0.60%	0.68%	0.86%	0.90%	1.29%
TTD The Trade Desk, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZS Zscaler, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLD SPDR 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%
QQQ Invesco QQQ	0.61%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%	1.41%

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 Sept 20 2023. 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 Sept 20 2023 was 22.21%, occurring on Mar 16, 2020. Recovery took 38 trading sessions.

The current Sept 20 2023 drawdown is 0.35%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-22.21%	Feb 20, 2020	18	Mar 16, 2020	38	May 8, 2020	56
-20.81%	Nov 22, 2021	232	Oct 14, 2022	142	May 8, 2023	374
-13.55%	Feb 19, 2025	35	Apr 8, 2025	—	—	—
-10.59%	Sep 14, 2018	72	Dec 24, 2018	26	Jan 31, 2019	98
-8.77%	Sep 3, 2020	14	Sep 23, 2020	32	Nov 6, 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 15 assets, with an effective number of assets of 4.36, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.

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	GLD	CHD	HSY	UFPT	AZO	LLY	NVO	PWR	CSU.TO	ODFL	ZS	TTD	PANW	FTNT	QQQ	Portfolio
^GSPC	1.00	0.07	0.21	0.27	0.38	0.38	0.38	0.36	0.62	0.54	0.59	0.50	0.57	0.54	0.60	0.92	0.85
GLD	0.07	1.00	0.06	0.07	0.04	-0.01	0.01	0.09	0.05	0.11	0.04	0.07	0.05	0.05	0.06	0.07	0.35
CHD	0.21	0.06	1.00	0.47	0.07	0.24	0.23	0.17	0.08	0.09	0.17	0.06	0.03	0.08	0.10	0.15	0.20
HSY	0.27	0.07	0.47	1.00	0.13	0.29	0.23	0.15	0.13	0.13	0.16	0.04	0.03	0.08	0.12	0.16	0.22
UFPT	0.38	0.04	0.07	0.13	1.00	0.15	0.16	0.16	0.31	0.23	0.26	0.20	0.23	0.20	0.24	0.32	0.37
AZO	0.38	-0.01	0.24	0.29	0.15	1.00	0.19	0.19	0.28	0.20	0.30	0.12	0.17	0.18	0.24	0.29	0.32
LLY	0.38	0.01	0.23	0.23	0.16	0.19	1.00	0.46	0.22	0.21	0.18	0.18	0.16	0.22	0.27	0.33	0.36
NVO	0.36	0.09	0.17	0.15	0.16	0.19	0.46	1.00	0.22	0.26	0.23	0.24	0.21	0.24	0.29	0.34	0.39
PWR	0.62	0.05	0.08	0.13	0.31	0.28	0.22	0.22	1.00	0.36	0.45	0.27	0.34	0.34	0.36	0.50	0.53
CSU.TO	0.54	0.11	0.09	0.13	0.23	0.20	0.21	0.26	0.36	1.00	0.36	0.39	0.42	0.39	0.44	0.55	0.58
ODFL	0.59	0.04	0.17	0.16	0.26	0.30	0.18	0.23	0.45	0.36	1.00	0.34	0.37	0.36	0.42	0.53	0.56
ZS	0.50	0.07	0.06	0.04	0.20	0.12	0.18	0.24	0.27	0.39	0.34	1.00	0.58	0.57	0.59	0.59	0.66
TTD	0.57	0.05	0.03	0.03	0.23	0.17	0.16	0.21	0.34	0.42	0.37	0.58	1.00	0.50	0.53	0.64	0.68
PANW	0.54	0.05	0.08	0.08	0.20	0.18	0.22	0.24	0.34	0.39	0.36	0.57	0.50	1.00	0.64	0.60	0.64
FTNT	0.60	0.06	0.10	0.12	0.24	0.24	0.27	0.29	0.36	0.44	0.42	0.59	0.53	0.64	1.00	0.65	0.70
QQQ	0.92	0.07	0.15	0.16	0.32	0.29	0.33	0.34	0.50	0.55	0.53	0.59	0.64	0.60	0.65	1.00	0.89
Portfolio	0.85	0.35	0.20	0.22	0.37	0.32	0.36	0.39	0.53	0.58	0.56	0.66	0.68	0.64	0.70	0.89	1.00

The correlation results are calculated based on daily price changes starting from Mar 19, 2018

Performance Analysis

Risk Analysis

Optimization

Factor Model

Sept 20 2023

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

Community