Defence
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BRK-B Berkshire Hathaway Inc. | Financial Services | 25% |
COST Costco Wholesale Corporation | Consumer Defensive | 25% |
GLD SPDR Gold Trust | Precious Metals, Gold | 25% |
V Visa Inc. | Financial Services | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Defence, 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.
The earliest data available for this chart is Mar 19, 2008, corresponding to the inception date of V
Returns By Period
As of Apr 22, 2025, the Defence returned 12.00% Year-To-Date and 17.09% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.10% | -6.70% | -9.63% | 5.53% | 13.63% | 9.61% |
| Defence | 13.85% | 4.45% | 15.99% | 33.83% | 21.05% | 17.27% |
| Portfolio components: | ||||||
COST Costco Wholesale Corporation | 6.99% | 7.70% | 9.86% | 37.62% | 28.49% | 23.01% |
GLD SPDR Gold Trust | 28.49% | 11.71% | 22.52% | 44.32% | 13.81% | 10.68% |
BRK-B Berkshire Hathaway Inc. | 14.89% | -0.21% | 12.86% | 27.40% | 23.02% | 13.91% |
V Visa Inc. | 5.04% | -1.27% | 16.79% | 22.60% | 15.66% | 18.13% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 6.32% | 6.19% | -0.11% | 0.96% | 13.85% | ||||||||
| 2024 | 4.10% | 4.57% | 1.98% | -1.89% | 4.91% | -0.05% | 2.81% | 5.84% | 0.10% | 1.56% | 6.00% | -3.21% | 29.61% |
| 2023 | 7.34% | -4.24% | 3.55% | 2.95% | -1.67% | 4.20% | 2.44% | 0.67% | -2.76% | 1.21% | 6.18% | 3.90% | 25.72% |
| 2022 | -0.94% | 1.78% | 6.09% | -5.49% | -4.45% | -4.99% | 7.14% | -4.84% | -7.09% | 7.90% | 7.18% | -5.00% | -4.50% |
| 2021 | -5.76% | 0.74% | 2.95% | 6.80% | 2.95% | -1.00% | 4.19% | 0.46% | -2.92% | 2.83% | -0.40% | 6.79% | 18.26% |
| 2020 | 3.35% | -6.23% | -5.14% | 6.76% | 3.29% | -0.93% | 6.65% | 7.22% | -2.50% | -3.48% | 8.18% | 2.55% | 19.91% |
| 2019 | 2.81% | 2.37% | 3.74% | 3.47% | -2.87% | 8.45% | 0.81% | 4.01% | -2.17% | 3.02% | 1.18% | 1.55% | 29.21% |
| 2018 | 6.25% | -2.01% | -1.79% | 1.74% | 0.50% | 0.33% | 2.91% | 4.54% | 1.31% | -3.19% | 2.70% | -4.94% | 8.05% |
| 2017 | 3.63% | 5.62% | -1.86% | 2.34% | 2.69% | -3.35% | 2.71% | 2.80% | 1.01% | 0.95% | 5.18% | 1.74% | 25.72% |
| 2016 | -1.65% | 3.05% | 3.63% | 0.73% | -1.77% | 2.75% | 3.30% | 0.47% | -1.73% | -1.59% | -0.81% | 2.47% | 8.92% |
| 2015 | 0.65% | 2.21% | -1.13% | -1.66% | 1.45% | -3.42% | 4.53% | -2.97% | -0.89% | 6.86% | -0.80% | -0.93% | 3.45% |
| 2014 | -2.82% | 4.87% | -1.10% | 0.24% | 0.77% | 0.49% | -0.51% | 3.42% | -0.31% | 4.53% | 5.05% | 0.88% | 16.25% |
Expense Ratio
Defence has an expense ratio of 0.10%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, Defence is among the top 2% 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.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
COST Costco Wholesale Corporation | 1.74 | 2.31 | 1.31 | 2.22 | 6.82 |
GLD SPDR Gold Trust | 2.47 | 3.27 | 1.43 | 5.07 | 13.60 |
BRK-B Berkshire Hathaway Inc. | 1.60 | 2.24 | 1.32 | 3.43 | 8.80 |
V Visa Inc. | 1.05 | 1.51 | 1.22 | 1.53 | 5.33 |
Dividends
Dividend yield
Defence provided a 0.29% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.29% | 0.29% | 0.90% | 0.38% | 0.29% | 0.99% | 0.35% | 0.44% | 1.35% | 0.46% | 1.18% | 0.40% |
| 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% |
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% |
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. | 0.67% | 0.68% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% | 0.64% |
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.
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 34.02%, occurring on Nov 20, 2008. Recovery took 307 trading sessions.
The current Defence drawdown is 1.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -34.02% | Jun 6, 2008 | 118 | Nov 20, 2008 | 307 | Feb 11, 2010 | 425 |
| -20.32% | Feb 20, 2020 | 23 | Mar 23, 2020 | 89 | Jul 29, 2020 | 112 |
| -19.58% | Apr 21, 2022 | 121 | Oct 12, 2022 | 186 | Jul 12, 2023 | 307 |
| -12% | Nov 9, 2018 | 30 | Dec 24, 2018 | 52 | Mar 12, 2019 | 82 |
| -9.4% | Apr 26, 2010 | 29 | Jun 4, 2010 | 80 | Sep 28, 2010 | 109 |
Volatility
Volatility Chart
The current Defence volatility is 9.16%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 4.00, 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
| GLD | COST | V | BRK-B | |
|---|---|---|---|---|
| GLD | 1.00 | 0.02 | 0.00 | -0.02 |
| COST | 0.02 | 1.00 | 0.39 | 0.41 |
| V | 0.00 | 0.39 | 1.00 | 0.50 |
| BRK-B | -0.02 | 0.41 | 0.50 | 1.00 |