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Defence
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Defence

Currency in USD · Last updated May 25, 2025

Asset Allocation

TLT 10%GLD 11.33%COST 12%BRK-B 12%SPY 12%MSFT 11.33%MA 11.33%V 10%SPGI 10%BondBondCommodityCommodityEquityEquity
PositionCategory/SectorTarget Weight
BRK-B
Berkshire Hathaway Inc.		Financial Services
12%
COST
Costco Wholesale Corporation		Consumer Defensive
12%
GLD
SPDR Gold Trust		Precious Metals, Gold
11.33%
MA
Mastercard Inc		Financial Services
11.33%
MSFT
Microsoft Corporation		Technology
11.33%
SPGI
S&P Global Inc.		Financial Services
10%
SPY
SPDR S&P 500 ETF		Large Cap Growth Equities
12%
TLT
iShares 20+ Year Treasury Bond ETF		Government Bonds
10%
V
Visa Inc.		Financial Services
10%

S&P 500

Performance

Performance Chart

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The earliest data available for this chart is Mar 19, 2008, corresponding to the inception date of V

Returns By Period

As of May 25, 2025, the Defence returned 8.91% Year-To-Date and 16.96% of annualized return in the last 10 years.

YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500		-1.34%5.80%-2.79%9.39%14.45%10.68%
Defence8.91%3.77%6.95%20.47%15.83%16.96%
Portfolio components:
COST
Costco Wholesale Corporation		10.33%3.52%4.87%25.19%29.35%23.70%
BRK-B
Berkshire Hathaway Inc.		11.07%-5.30%5.64%23.58%23.54%13.36%
V
Visa Inc.		12.24%5.49%14.46%29.74%13.93%18.65%
SPGI
S&P Global Inc.		2.59%5.98%-0.51%17.25%11.27%18.28%
MSFT
Microsoft Corporation		7.21%16.45%8.37%5.46%20.69%27.26%
MA
Mastercard Inc		7.36%5.25%8.54%25.65%14.47%20.62%
GLD
SPDR Gold Trust		27.93%0.55%23.98%43.46%13.67%10.52%
TLT
iShares 20+ Year Treasury Bond ETF		-1.82%-3.83%-4.45%-3.60%-10.17%-1.12%
SPY
SPDR S&P 500 ETF		-0.89%5.93%-2.13%10.77%16.09%12.57%
*Annualized

Monthly Returns

The table below presents the monthly returns of Defence, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20254.14%3.54%-2.43%1.32%2.17%8.91%
20243.30%3.27%1.71%-3.75%4.19%1.80%2.54%4.33%1.10%-1.23%5.80%-3.11%21.30%
20237.12%-3.98%4.68%3.37%-0.39%4.91%1.02%-0.03%-3.99%-0.50%9.27%4.04%27.57%
2022-2.74%-1.66%3.88%-6.29%-3.39%-5.76%8.25%-5.47%-9.08%6.12%7.80%-4.75%-14.06%
2021-4.14%1.69%2.45%6.62%0.51%2.10%4.24%0.58%-3.38%5.31%-0.90%5.32%21.66%
20204.56%-5.44%-5.88%9.70%4.37%0.99%5.51%7.05%-3.06%-5.25%8.51%1.97%23.51%
20195.26%3.35%4.10%4.48%-2.47%6.94%1.84%3.94%-1.91%2.62%2.52%1.79%37.21%
20186.43%-0.65%-1.28%0.95%2.63%0.98%2.44%4.64%0.43%-5.18%2.39%-5.04%8.40%
20173.87%4.41%-0.35%2.46%3.18%-1.45%3.10%2.56%1.26%2.62%3.76%1.61%30.42%
2016-3.18%1.26%5.24%0.29%0.55%0.31%5.68%0.64%-0.11%-0.69%-1.15%0.97%9.90%
2015-1.00%4.55%-1.72%1.78%0.35%-3.08%3.98%-3.86%-1.57%8.05%0.40%-0.17%7.31%
2014-2.31%3.81%-0.25%-0.11%2.61%0.38%-0.14%3.66%-0.15%4.87%4.04%-0.28%17.03%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Defence has an expense ratio of 0.07%, 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
TLT
iShares 20+ Year Treasury Bond ETF
SPY
SPDR S&P 500 ETF

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 90, Defence is among the top 10% 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.

The Risk-Adjusted Performance Rank of Defence is 9090
Overall Rank
The Sharpe Ratio Rank of Defence is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of Defence is 8787
Sortino Ratio Rank
The Omega Ratio Rank of Defence is 9090
Omega Ratio Rank
The Calmar Ratio Rank of Defence is 9191
Calmar Ratio Rank
The Martin Ratio Rank of Defence is 9292
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 ratioSortino ratioOmega ratioCalmar ratioMartin ratio
COST
Costco Wholesale Corporation		1.251.701.231.544.43
BRK-B
Berkshire Hathaway Inc.		1.231.561.222.445.90
V
Visa Inc.		1.371.811.271.946.80
SPGI
S&P Global Inc.		0.811.151.160.872.99
MSFT
Microsoft Corporation		0.240.511.070.240.54
MA
Mastercard Inc		1.221.581.231.405.98
GLD
SPDR Gold Trust		2.472.851.364.7012.79
TLT
iShares 20+ Year Treasury Bond ETF		-0.23-0.270.97-0.09-0.46
SPY
SPDR S&P 500 ETF		0.570.871.130.552.11

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.

Defence Sharpe ratios as of May 25, 2025 (values are recalculated daily):

  • 1-Year: 1.52
  • 5-Year: 1.09
  • 10-Year: 1.14
  • All Time: 1.01

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 0.49 to 1.03, 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 Defence 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

Defence provided a 0.93% dividend yield over the last twelve months.

TTM20242023202220212020201920182017201620152014
Portfolio0.93%0.91%1.15%0.92%0.62%1.03%0.86%1.07%1.47%1.20%1.53%1.14%
Portfolio components:
COST
Costco Wholesale Corporation		0.47%0.49%2.87%0.76%0.54%3.38%0.86%1.08%4.81%1.09%4.06%0.97%
BRK-B
Berkshire Hathaway 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%
V
Visa Inc.		0.65%0.68%0.72%0.76%0.62%0.56%0.56%0.67%0.61%0.75%0.64%0.64%
SPGI
S&P Global Inc.		0.72%0.73%0.82%0.99%0.65%0.82%0.84%1.18%0.97%1.34%1.34%1.35%
MSFT
Microsoft Corporation		0.72%0.73%0.74%1.06%0.68%0.94%1.20%1.69%1.86%2.37%2.33%2.48%
MA
Mastercard Inc		0.50%0.50%0.53%0.56%0.49%0.45%0.44%0.53%0.58%0.74%0.66%0.51%
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%
TLT
iShares 20+ Year Treasury Bond ETF		4.48%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%
SPY
SPDR S&P 500 ETF		1.24%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

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 Defence. 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 Defence was 38.28%, occurring on Mar 9, 2009. Recovery took 250 trading sessions.

The current Defence drawdown is 1.89%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-38.28%Jun 6, 2008190Mar 9, 2009250Mar 5, 2010440
-23.48%Feb 20, 202023Mar 23, 202074Jul 8, 202097
-22.37%Mar 30, 2022136Oct 12, 2022186Jul 12, 2023322
-13.97%Sep 21, 201865Dec 24, 201852Mar 12, 2019117
-11.58%Apr 15, 201036Jun 4, 201094Oct 18, 2010130
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 9 assets, with an effective number of assets of 8.95, 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.
^GSPCGLDTLTCOSTBRK-BMSFTSPGIVMASPYPortfolio
^GSPC1.000.04-0.270.570.680.710.670.650.671.000.87
GLD0.041.000.210.02-0.020.01-0.01-0.000.000.040.15
TLT-0.270.211.00-0.11-0.26-0.17-0.16-0.20-0.21-0.27-0.11
COST0.570.02-0.111.000.410.450.430.400.410.570.64
BRK-B0.68-0.02-0.260.411.000.410.510.500.510.690.67
MSFT0.710.01-0.170.450.411.000.510.490.510.710.73
SPGI0.67-0.01-0.160.430.510.511.000.530.530.670.74
V0.65-0.00-0.200.400.500.490.531.000.800.640.78
MA0.670.00-0.210.410.510.510.530.801.000.670.80
SPY1.000.04-0.270.570.690.710.670.640.671.000.87
Portfolio0.870.15-0.110.640.670.730.740.780.800.871.00
The correlation results are calculated based on daily price changes starting from Mar 20, 2008
Go to the full Correlations tool for more customization options