Experiment I

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Experiment I

Currency in USD · Last updated Jun 3, 2025

Asset Allocation

Position	Category/Sector	Target Weight
AGX Argan, Inc.	Industrials	6.67%
ATGE Adtalem Global Education Inc.	Consumer Defensive	6.67%
CACI CACI International Inc	Technology	6.67%
CLS Celestica Inc.	Technology	6.67%
CXDO Crexendo, Inc.	Communication Services	6.67%
EAT Brinker International, Inc.	Consumer Cyclical	6.67%
EVRG Evergy, Inc.	Utilities	6.67%
INTA Intapp, Inc.	Technology	6.67%
MELI MercadoLibre, Inc.	Consumer Cyclical	6.67%
NBIS Nebius Group N.V.	Communication Services	6.67%
RCAT Red Cat Holdings, Inc.	Technology	6.67%
RKLB Rocket Lab USA, Inc.	Industrials	6.67%
SFM Sprouts Farmers Market, Inc.	Consumer Defensive	6.67%
TMUS T-Mobile US, Inc.	Communication Services	6.67%
WGS GeneDx Holdings Corp.	Healthcare	6.67%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Aug 24, 2021, corresponding to the inception date of RKLB

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	1.51%	4.99%	-1.31%	13.00%	13.92%	11.05%
Experiment I	19.49%	13.15%	26.19%	181.05%	N/A	N/A
Portfolio components:
SFM Sprouts Farmers Market, Inc.	37.88%	0.74%	15.94%	122.21%	47.70%	19.66%
RKLB Rocket Lab USA, Inc.	4.91%	16.22%	16.12%	517.09%	N/A	N/A
RCAT Red Cat Holdings, Inc.	-49.73%	8.66%	-29.63%	562.22%	42.48%	N/A
WGS GeneDx Holdings Corp.	-3.55%	10.26%	-1.23%	245.59%	N/A	N/A
ATGE Adtalem Global Education Inc.	46.69%	16.49%	46.77%	103.12%	30.50%	15.07%
CACI CACI International Inc	5.74%	-7.75%	-5.87%	1.76%	10.29%	17.48%
CLS Celestica Inc.	31.38%	28.90%	35.61%	118.21%	76.20%	25.66%
EAT Brinker International, Inc.	31.05%	30.27%	34.30%	142.09%	42.64%	13.65%
INTA Intapp, Inc.	-13.09%	-4.25%	-14.61%	62.20%	N/A	N/A
AGX Argan, Inc.	60.39%	33.55%	46.62%	212.28%	43.94%	22.03%
MELI MercadoLibre, Inc.	53.03%	14.10%	34.87%	53.69%	25.38%	33.60%
CXDO Crexendo, Inc.	1.91%	3.29%	-2.74%	64.00%	-0.78%	9.36%
TMUS T-Mobile US, Inc.	11.27%	-1.65%	0.31%	42.87%	20.15%	20.08%
NBIS Nebius Group N.V.	34.55%	46.73%	27.07%	96.78%	-2.04%	7.82%
EVRG Evergy, Inc.	10.26%	-3.00%	7.30%	27.71%	5.10%	N/A

*Annualized

Monthly Returns

The table below presents the monthly returns of Experiment I, 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	10.34%	-2.42%	-9.62%	3.55%	16.43%	1.85%							19.49%
2024	3.56%	13.33%	2.70%	11.44%	8.31%	6.79%	12.69%	13.31%	5.55%	19.71%	36.52%	0.52%	244.00%
2023	15.91%	3.42%	-3.39%	-4.62%	0.66%	4.23%	8.30%	-3.61%	-2.82%	-3.89%	10.19%	13.06%	40.78%
2022	-11.56%	0.00%	3.12%	-7.81%	-4.12%	-8.28%	9.81%	-2.36%	-8.41%	12.20%	-4.90%	-4.95%	-26.37%
2021								-0.09%	-1.09%	-3.12%	-6.65%	-2.15%	-12.55%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Experiment I has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 99, Experiment I is among the top 1% 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
SFM Sprouts Farmers Market, Inc.	3.22	3.51	1.53	4.86	14.20
RKLB Rocket Lab USA, Inc.	5.76	4.64	1.55	6.52	26.51
RCAT Red Cat Holdings, Inc.	4.45	3.64	1.42	6.96	15.58
WGS GeneDx Holdings Corp.	2.22	2.97	1.42	2.80	14.64
ATGE Adtalem Global Education Inc.	2.58	3.35	1.45	5.62	17.44
CACI CACI International Inc	0.05	0.27	1.04	0.02	0.04
CLS Celestica Inc.	1.58	1.96	1.28	2.06	5.07
EAT Brinker International, Inc.	2.70	2.99	1.41	4.64	11.35
INTA Intapp, Inc.	1.34	1.76	1.22	1.44	3.89
AGX Argan, Inc.	3.24	3.54	1.49	5.01	14.15
MELI MercadoLibre, Inc.	1.36	1.85	1.25	2.40	6.14
CXDO Crexendo, Inc.	0.93	1.70	1.19	0.99	3.80
TMUS T-Mobile US, Inc.	1.62	2.07	1.33	3.09	7.67
NBIS Nebius Group N.V.	1.05	1.77	1.29	1.21	3.97
EVRG Evergy, Inc.	1.73	2.38	1.33	1.47	9.93

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.

Experiment I Sharpe ratios as of Jun 3, 2025 (values are recalculated daily):

1-Year: 4.99
All Time: 1.48

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 0.59 to 1.14, 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 Experiment I compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

Experiment I provided a 0.40% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.40%	0.43%	0.50%	0.50%	0.34%	0.48%	0.61%	0.47%	0.41%	0.37%	0.43%	0.34%
Portfolio components:
SFM Sprouts Farmers Market, 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%
RKLB Rocket Lab USA, 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%
RCAT Red Cat Holdings, 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%
WGS GeneDx Holdings Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ATGE Adtalem Global Education Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.15%	1.42%	0.74%
CACI CACI International 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%
CLS Celestica 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%
EAT Brinker International, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.67%	3.62%	3.46%	3.71%	2.67%	2.50%	1.77%
INTA Intapp, 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%
AGX Argan, Inc.	0.65%	0.93%	2.24%	2.71%	1.94%	2.81%	2.49%	1.98%	2.22%	1.42%	2.16%	2.08%
MELI MercadoLibre, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.38%	0.36%	0.52%
CXDO Crexendo, Inc.	0.00%	0.00%	0.10%	1.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TMUS T-Mobile US, Inc.	1.35%	1.28%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NBIS Nebius Group N.V.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EVRG Evergy, Inc.	3.98%	4.22%	4.75%	3.71%	3.17%	3.69%	2.97%	1.65%	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 Experiment I. 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 Experiment I was 41.10%, occurring on Jun 16, 2022. Recovery took 422 trading sessions.

The current Experiment I drawdown is 1.31%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-41.1%	Sep 10, 2021	194	Jun 16, 2022	422	Feb 22, 2024	616
-24.1%	Feb 19, 2025	33	Apr 4, 2025	—	—	—
-9.84%	Dec 2, 2024	13	Dec 18, 2024	5	Dec 26, 2024	18
-8.36%	Jan 23, 2025	3	Jan 27, 2025	6	Feb 4, 2025	9
-7.27%	Mar 18, 2024	2	Mar 19, 2024	25	Apr 24, 2024	27

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 15.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

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	NBIS	EVRG	CXDO	RCAT	SFM	TMUS	WGS	CACI	ATGE	AGX	INTA	EAT	MELI	CLS	RKLB	Portfolio
^GSPC	1.00	0.20	0.30	0.27	0.23	0.31	0.39	0.37	0.41	0.39	0.40	0.47	0.44	0.61	0.59	0.51	0.68
NBIS	0.20	1.00	-0.02	0.15	0.14	0.03	0.04	0.13	0.09	0.13	0.15	0.19	0.10	0.15	0.20	0.19	0.28
EVRG	0.30	-0.02	1.00	0.02	0.06	0.25	0.37	0.10	0.27	0.19	0.19	0.04	0.16	0.14	0.05	0.14	0.23
CXDO	0.27	0.15	0.02	1.00	0.13	0.06	0.04	0.14	0.13	0.16	0.14	0.18	0.15	0.20	0.25	0.23	0.41
RCAT	0.23	0.14	0.06	0.13	1.00	0.09	0.09	0.17	0.14	0.11	0.12	0.16	0.18	0.16	0.19	0.24	0.49
SFM	0.31	0.03	0.25	0.06	0.09	1.00	0.17	0.12	0.27	0.24	0.30	0.14	0.25	0.17	0.21	0.14	0.32
TMUS	0.39	0.04	0.37	0.04	0.09	0.17	1.00	0.14	0.29	0.16	0.16	0.17	0.22	0.31	0.19	0.19	0.32
WGS	0.37	0.13	0.10	0.14	0.17	0.12	0.14	1.00	0.15	0.18	0.16	0.28	0.25	0.29	0.24	0.34	0.59
CACI	0.41	0.09	0.27	0.13	0.14	0.27	0.29	0.15	1.00	0.30	0.30	0.21	0.21	0.22	0.24	0.23	0.39
ATGE	0.39	0.13	0.19	0.16	0.11	0.24	0.16	0.18	0.30	1.00	0.29	0.27	0.30	0.27	0.30	0.28	0.44
AGX	0.40	0.15	0.19	0.14	0.12	0.30	0.16	0.16	0.30	0.29	1.00	0.22	0.28	0.20	0.35	0.32	0.43
INTA	0.47	0.19	0.04	0.18	0.16	0.14	0.17	0.28	0.21	0.27	0.22	1.00	0.27	0.42	0.33	0.37	0.51
EAT	0.44	0.10	0.16	0.15	0.18	0.25	0.22	0.25	0.21	0.30	0.28	0.27	1.00	0.32	0.34	0.34	0.51
MELI	0.61	0.15	0.14	0.20	0.16	0.17	0.31	0.29	0.22	0.27	0.20	0.42	0.32	1.00	0.38	0.41	0.55
CLS	0.59	0.20	0.05	0.25	0.19	0.21	0.19	0.24	0.24	0.30	0.35	0.33	0.34	0.38	1.00	0.36	0.56
RKLB	0.51	0.19	0.14	0.23	0.24	0.14	0.19	0.34	0.23	0.28	0.32	0.37	0.34	0.41	0.36	1.00	0.65
Portfolio	0.68	0.28	0.23	0.41	0.49	0.32	0.32	0.59	0.39	0.44	0.43	0.51	0.51	0.55	0.56	0.65	1.00

The correlation results are calculated based on daily price changes starting from Aug 25, 2021

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

Experiment I

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