Asset Allocation
Find the right asset allocation for Halfway
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Halfway, 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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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 1.65% | 1.97% | 10.35% | 10.82% | 26.39% | 19.66% | 12.33% | 13.81% |
Portfolio Halfway | 1.76% | 4.64% | 22.88% | 22.83% | 42.33% | 25.54% | 16.43% | — |
| Portfolio components: | ||||||||
AIQ Global X Artificial Intelligence & Technology ETF | 3.98% | 9.03% | 30.85% | 33.54% | 60.30% | 33.19% | 18.01% | — |
GDX VanEck Gold Miners ETF | 6.55% | -2.38% | -0.58% | 1.22% | 57.71% | 41.18% | 19.97% | 13.81% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 1.82% | 0.35% | 25.84% | 25.25% | 45.78% | 23.73% | 17.31% | 19.71% |
IHF iShares U.S. Healthcare Providers ETF | 0.20% | 5.26% | 12.14% | 9.79% | 13.12% | 3.52% | 1.18% | 8.92% |
PKB Invesco Dynamic Building & Construction ETF | 1.66% | 5.36% | 16.22% | 11.91% | 39.97% | 28.24% | 17.52% | 15.86% |
QQQM Invesco NASDAQ 100 ETF | 3.11% | 4.92% | 21.25% | 22.16% | 41.92% | 27.28% | 17.66% | — |
SCHD Schwab U.S. Dividend Equity ETF | -0.58% | 2.87% | 19.96% | 18.54% | 25.99% | 14.28% | 8.90% | 12.83% |
SMH VanEck Semiconductor ETF | 4.38% | 16.31% | 79.69% | 83.94% | 152.58% | 62.32% | 39.72% | 38.18% |
SPMO Invesco S&P 500 Momentum ETF | 3.52% | 10.01% | 32.66% | 33.70% | 50.00% | 43.16% | 24.34% | 21.24% |
VIG Vanguard Dividend Appreciation ETF | 0.49% | 3.27% | 8.21% | 7.66% | 20.11% | 15.75% | 11.11% | 13.32% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 13, 2020, Halfway's average daily return is +0.07%, while the average monthly return is +1.53%. At this rate, an investment would double in approximately 3.8 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +11.9%, while the worst month was Jun 2022 at -9.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, Halfway closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.8%, while the worst single day was Apr 4, 2025 at -6.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.12% | 5.03% | -6.38% | 11.03% | 5.18% | 1.80% | 22.88% | ||||||
| 2025 | 3.78% | -0.37% | -1.91% | -0.52% | 5.45% | 5.14% | 0.50% | 4.54% | 5.07% | 1.10% | 1.11% | 0.00% | 26.26% |
| 2024 | -0.43% | 5.13% | 5.16% | -3.67% | 4.53% | 1.44% | 3.42% | 1.95% | 2.09% | -2.07% | 4.35% | -5.30% | 17.11% |
| 2023 | 7.02% | -3.53% | 4.04% | 1.06% | -1.22% | 6.16% | 3.57% | -2.56% | -4.60% | -2.73% | 9.20% | 5.86% | 23.23% |
| 2022 | -5.27% | -0.76% | 3.51% | -7.12% | 0.68% | -9.27% | 8.29% | -4.35% | -8.63% | 7.92% | 8.16% | -4.59% | -12.99% |
| 2021 | 0.10% | 3.17% | 4.23% | 3.67% | 2.58% | 0.75% | 1.20% | 1.51% | -4.46% | 6.72% | -0.77% | 4.72% | 25.53% |
Benchmark Metrics
Halfway has an annualized alpha of 4.85%, beta of 0.93, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since October 13, 2020.
- This portfolio captured 105.74% of S&P 500 Index gains but only 88.56% of its losses - a favorable profile for investors.
- This portfolio generated an annualized alpha of 4.85% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.93 and R2 of 0.90, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 4.85%
- Beta
- 0.93
- R²
- 0.90
- Upside Capture
- 105.74%
- Downside Capture
- 88.56%
Expense Ratio
Halfway has an expense ratio of 0.27%, 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.
Top 10 holdings
Return for Risk
Risk / Return Rank
Halfway ranks 90 for risk / return — in the top 90% 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.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Halfway and compares them with S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 3.04 | 2.14 | +0.90 |
| Sortino ratioReturn per unit of downside risk | 3.95 | 2.89 | +1.07 |
| Omega ratioGain probability vs. loss probability | 1.55 | 1.39 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.72 | 2.91 | +1.81 |
| Martin ratioReturn relative to average drawdown | 19.99 | 13.08 | +6.91 |
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
AIQ Global X Artificial Intelligence & Technology ETF | 76 | 2.37 | 2.91 | 1.40 | 3.68 | 12.07 |
GDX VanEck Gold Miners ETF | 35 | 1.23 | 1.65 | 1.23 | 1.60 | 4.39 |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 77 | 2.22 | 2.91 | 1.38 | 3.92 | 14.11 |
IHF iShares U.S. Healthcare Providers ETF | 19 | 0.60 | 0.89 | 1.13 | 0.67 | 1.55 |
PKB Invesco Dynamic Building & Construction ETF | 53 | 1.69 | 2.42 | 1.28 | 2.61 | 8.26 |
QQQM Invesco NASDAQ 100 ETF | 80 | 2.43 | 3.13 | 1.43 | 3.52 | 13.11 |
SCHD Schwab U.S. Dividend Equity ETF | 85 | 2.39 | 3.69 | 1.43 | 5.66 | 13.87 |
SMH VanEck Semiconductor ETF | 96 | 4.61 | 4.60 | 1.65 | 10.28 | 37.77 |
SPMO Invesco S&P 500 Momentum ETF | 85 | 2.55 | 3.34 | 1.46 | 3.96 | 14.96 |
VIG Vanguard Dividend Appreciation ETF | 65 | 2.00 | 2.89 | 1.36 | 2.55 | 10.30 |
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Dividends
Dividend yield
Halfway provided a 1.42% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.42% | 1.62% | 1.67% | 1.81% | 1.90% | 1.49% | 1.67% | 1.90% | 2.10% | 1.55% | 1.61% | 1.66% |
| Portfolio components: | ||||||||||||
AIQ Global X Artificial Intelligence & Technology ETF | 0.14% | 0.18% | 0.14% | 0.16% | 0.56% | 0.15% | 0.50% | 0.51% | 0.51% | 0.00% | 0.00% | 0.00% |
GDX VanEck Gold Miners ETF | 0.74% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 0.78% | 1.01% | 1.06% | 1.23% | 1.26% | 0.63% | 0.68% | 1.26% | 1.28% | 1.07% | 1.07% | 1.23% |
IHF iShares U.S. Healthcare Providers ETF | 1.09% | 1.05% | 0.86% | 0.79% | 0.74% | 0.56% | 0.53% | 0.58% | 4.01% | 0.19% | 0.25% | 0.20% |
PKB Invesco Dynamic Building & Construction ETF | 0.14% | 0.14% | 0.23% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% |
QQQM Invesco NASDAQ 100 ETF | 0.41% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHD Schwab U.S. Dividend Equity ETF | 3.24% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
SMH VanEck Semiconductor ETF | 0.17% | 0.31% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% |
SPMO Invesco S&P 500 Momentum ETF | 0.64% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
VIG Vanguard Dividend Appreciation ETF | 1.46% | 1.62% | 1.73% | 1.88% | 1.96% | 1.55% | 1.63% | 1.71% | 2.08% | 1.88% | 2.14% | 2.34% |
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 Halfway. 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 Halfway was 22.60%, occurring on Oct 14, 2022. Recovery took 185 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -22.60%Oct 2022 | 9mo 12d | 9mo 2d | 1y 6moJan 2022 - Jul 2023 |
2025 selloff2025 | -15.07%Apr 2025 | 1mo 17d | 1mo 8d | 2mo 25dFeb 2025 - May 2025 |
2023 correction2023 | -10.63%Oct 2023 | 2mo 27d | 1mo 15d | 4mo 12dAug 2023 - Dec 2023 |
2026 pullback2026 | -9.01%Mar 2026 | 28d | 15d | 1mo 13dMar 2026 - Apr 2026 |
2024 pullback2024 | -7.94%Aug 2024 | 21d | 16d | 1mo 7dJul 2024 - Aug 2024 |
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. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.
Diversification Ratio
1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.50 | 1.38 | 1.32 | 1.33 |
The portfolio has a diversification ratio of 1.33, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Halfway correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.93 |
Benchmark Correlations
Correlation vs. S&P 500 Index. VTI has the highest benchmark correlation at 0.99, while GDX has the lowest at 0.29.
Asset Correlations Table
Find what Halfway is missing
See which holdings overlap, where Halfway is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification