Magnum Experiment 2

Asset Allocation

Position	Category/Sector	Target Weight
APP AppLovin Corporation	Technology	0.74%
AXON Axon Enterprise, Inc.	Industrials	4.58%
AXP American Express Company	Financial Services	5.98%
COST Costco Wholesale Corporation	Consumer Defensive	15.98%
CTAS Cintas Corporation	Industrials	10.66%
ERIE Erie Indemnity Company	Financial Services	9.46%
GE General Electric Company	Industrials	6.02%
KKR KKR & Co. Inc.	Financial Services	5.21%
MSI Motorola Solutions, Inc.	Technology	10.17%
MSTR MicroStrategy Incorporated	Technology	3.05%
NTRA Natera, Inc.	Healthcare	2.52%
NVDA NVIDIA Corporation	Technology	1.68%
PGR The Progressive Corporation	Financial Services	12.63%
SPOT Spotify Technology S.A.	Communication Services	3.22%
TT Trane Technologies plc	Industrials	8.10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Magnum Experiment 2, 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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The earliest data available for this chart is Apr 15, 2021, corresponding to the inception date of APP

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.72%	-3.54%	-3.95%	-2.09%	15.95%	16.96%	10.34%	12.24%
Portfolio Magnum Experiment 2	-0.07%	-7.84%	-4.49%	-10.97%	-5.19%	31.05%	—	—
Portfolio components:
COST Costco Wholesale Corporation	0.01%	-0.62%	15.72%	8.94%	4.99%	27.83%	24.29%	22.28%
PGR The Progressive Corporation	-2.46%	-9.40%	-9.70%	-16.53%	-27.58%	13.94%	17.76%	21.80%
CTAS Cintas Corporation	1.71%	-14.66%	-8.31%	-15.12%	-16.53%	15.15%	15.65%	23.82%
MSI Motorola Solutions, Inc.	0.04%	-10.46%	13.55%	-4.42%	0.66%	16.17%	19.59%	20.85%
ERIE Erie Indemnity Company	-1.72%	-7.41%	-13.39%	-20.09%	-38.88%	3.81%	3.90%	12.64%
TT Trane Technologies plc	2.74%	-7.94%	10.27%	1.12%	26.47%	34.01%	22.51%	23.26%
GE General Electric Company	3.14%	-15.22%	-4.84%	-2.47%	44.38%	57.37%	35.26%	7.96%
AXP American Express Company	-0.34%	-1.95%	-18.34%	-7.81%	12.64%	23.74%	17.17%	18.98%
KKR KKR & Co. Inc.	-1.23%	0.83%	-28.20%	-28.09%	-21.99%	21.16%	13.63%	22.51%
AXON Axon Enterprise, Inc.	-0.26%	-25.95%	-25.42%	-40.45%	-21.74%	23.50%	24.25%	36.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 16, 2021, Magnum Experiment 2's average daily return is +0.09%, while the average monthly return is +1.90%. At this rate, your investment would double in approximately 3.1 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2024 with a return of +16.2%, while the worst month was Apr 2022 at -11.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Magnum Experiment 2 closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.6%, while the worst single day was Apr 4, 2025 at -6.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	0.23%	3.41%	-7.79%	-0.07%									-4.49%
2025	6.88%	0.27%	-4.39%	3.12%	6.55%	1.52%	-1.97%	0.84%	-1.12%	-4.52%	-1.95%	-1.10%	3.43%
2024	4.47%	13.47%	7.92%	-1.05%	5.24%	1.70%	5.96%	8.65%	4.63%	-1.00%	16.16%	-9.54%	69.79%
2023	11.90%	1.45%	4.40%	-0.70%	-1.04%	6.11%	1.86%	4.24%	-1.40%	1.21%	12.67%	7.80%	59.05%
2022	-8.02%	-2.61%	4.00%	-11.29%	-0.09%	-5.24%	13.88%	-0.78%	-7.61%	11.88%	7.14%	-7.75%	-9.68%
2021				-0.90%	0.66%	5.22%	1.92%	2.23%	-4.25%	10.76%	-2.03%	3.63%	17.75%

Benchmark Metrics

Magnum Experiment 2 has an annualized alpha of 13.55%, beta of 0.95, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since April 16, 2021.

This portfolio captured 137.00% of S&P 500 Index gains but only 79.82% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 13.55% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.95 and R² of 0.75, 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: 13.55%

Beta: 0.95

R²: 0.75

Upside Capture: 137.00%

Downside Capture: 79.82%

Expense Ratio

Magnum Experiment 2 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.

Return for Risk

Risk / Return Rank

Magnum Experiment 2 ranks 3 for risk / return — in the bottom 3% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	-0.26	0.92	-1.17
Sortino ratio Return per unit of downside risk	-0.26	1.41	-1.67
Omega ratio Gain probability vs. loss probability	0.97	1.21	-0.25
Calmar ratio Return relative to maximum drawdown	-0.23	1.41	-1.64
Martin ratio Return relative to average drawdown	-0.52	6.61	-7.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
COST Costco Wholesale Corporation	46	0.25	0.50	1.06	0.31	0.61
PGR The Progressive Corporation	6	-1.11	-1.45	0.82	-0.93	-1.50
CTAS Cintas Corporation	14	-0.78	-0.98	0.88	-0.58	-1.26
MSI Motorola Solutions, Inc.	38	0.03	0.19	1.03	0.01	0.02
ERIE Erie Indemnity Company	5	-1.22	-1.68	0.79	-0.92	-1.54
TT Trane Technologies plc	67	0.90	1.42	1.19	1.41	2.84
GE General Electric Company	79	1.37	1.84	1.26	2.25	8.02
AXP American Express Company	53	0.39	0.75	1.11	0.55	1.58
KKR KKR & Co. Inc.	21	-0.48	-0.43	0.94	-0.46	-1.06
AXON Axon Enterprise, Inc.	25	-0.41	-0.30	0.96	-0.36	-0.74

Sharpe Ratio

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.

Magnum Experiment 2 Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: -0.26
All Time: 1.26

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 1.00 to 1.70, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Magnum Experiment 2 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Magnum Experiment 2 provided a 1.63% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.63%	0.95%	0.62%	1.06%	0.86%	1.49%	1.66%	1.63%	1.70%	2.19%	1.65%	2.59%
Portfolio components:
COST Costco Wholesale Corporation	0.52%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
PGR The Progressive Corporation	7.19%	2.15%	0.48%	0.25%	0.31%	6.23%	2.68%	3.89%	1.86%	1.21%	2.50%	2.16%
CTAS Cintas Corporation	1.01%	0.89%	0.80%	0.83%	0.93%	0.77%	0.99%	0.95%	1.22%	1.04%	1.15%	1.15%
MSI Motorola Solutions, Inc.	1.06%	1.17%	0.87%	1.16%	1.26%	1.07%	1.55%	1.46%	1.85%	2.14%	2.05%	2.09%
ERIE Erie Indemnity Company	2.25%	1.90%	1.24%	1.42%	1.79%	2.15%	2.39%	2.17%	2.52%	2.57%	1.95%	3.61%
TT Trane Technologies plc	0.90%	0.97%	0.91%	1.23%	1.59%	1.17%	1.46%	1.59%	2.15%	1.91%	1.81%	2.10%
GE General Electric Company	0.53%	0.47%	0.67%	0.25%	0.38%	0.34%	0.37%	4.12%	4.89%	4.81%	2.94%	2.95%
AXP American Express Company	1.09%	0.85%	0.91%	1.24%	1.35%	1.05%	1.42%	1.29%	1.51%	1.32%	1.61%	1.58%
KKR KKR & Co. Inc.	0.81%	0.57%	0.47%	0.78%	1.31%	0.77%	1.31%	1.71%	3.23%	3.18%	4.16%	10.13%
AXON Axon Enterprise, 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%

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 Magnum Experiment 2. 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 Magnum Experiment 2 was 27.53%, occurring on Jun 16, 2022. Recovery took 157 trading sessions.

The current Magnum Experiment 2 drawdown is 14.53%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-27.53%	Nov 15, 2021	148	Jun 16, 2022	157	Feb 1, 2023	305
-16.04%	Dec 5, 2024	84	Apr 8, 2025	26	May 15, 2025	110
-15.8%	Aug 13, 2025	157	Mar 27, 2026	—	—	—
-5.88%	Oct 18, 2023	8	Oct 27, 2023	5	Nov 3, 2023	13
-5.14%	Sep 3, 2021	19	Sep 30, 2021	12	Oct 18, 2021	31

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 10.68, 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.

	Benchmark	PGR	ERIE	NTRA	MSTR	SPOT	COST	APP	AXON	MSI	GE	NVDA	AXP	CTAS	TT	KKR	Portfolio
Benchmark	1.00	0.24	0.33	0.47	0.49	0.48	0.53	0.53	0.50	0.56	0.57	0.69	0.66	0.63	0.64	0.70	0.81
PGR	0.24	1.00	0.42	0.03	0.04	0.09	0.28	0.05	0.11	0.33	0.24	0.02	0.28	0.37	0.29	0.18	0.46
ERIE	0.33	0.42	1.00	0.17	0.17	0.16	0.27	0.14	0.22	0.33	0.24	0.10	0.30	0.41	0.31	0.30	0.55
NTRA	0.47	0.03	0.17	1.00	0.36	0.43	0.25	0.41	0.39	0.24	0.30	0.40	0.35	0.29	0.29	0.42	0.49
MSTR	0.49	0.04	0.17	0.36	1.00	0.37	0.26	0.41	0.37	0.24	0.33	0.46	0.35	0.24	0.29	0.43	0.54
SPOT	0.48	0.09	0.16	0.43	0.37	1.00	0.27	0.49	0.43	0.26	0.32	0.44	0.31	0.31	0.29	0.42	0.51
COST	0.53	0.28	0.27	0.25	0.26	0.27	1.00	0.27	0.28	0.45	0.27	0.32	0.30	0.52	0.41	0.35	0.63
APP	0.53	0.05	0.14	0.41	0.41	0.49	0.27	1.00	0.45	0.25	0.34	0.50	0.34	0.28	0.35	0.44	0.50
AXON	0.50	0.11	0.22	0.39	0.37	0.43	0.28	0.45	1.00	0.35	0.38	0.45	0.34	0.34	0.40	0.46	0.58
MSI	0.56	0.33	0.33	0.24	0.24	0.26	0.45	0.25	0.35	1.00	0.36	0.34	0.37	0.55	0.48	0.41	0.65
GE	0.57	0.24	0.24	0.30	0.33	0.32	0.27	0.34	0.38	0.36	1.00	0.41	0.49	0.36	0.51	0.47	0.60
NVDA	0.69	0.02	0.10	0.40	0.46	0.44	0.32	0.50	0.45	0.34	0.41	1.00	0.39	0.35	0.41	0.51	0.54
AXP	0.66	0.28	0.30	0.35	0.35	0.31	0.30	0.34	0.34	0.37	0.49	0.39	1.00	0.44	0.47	0.61	0.64
CTAS	0.63	0.37	0.41	0.29	0.24	0.31	0.52	0.28	0.34	0.55	0.36	0.35	0.44	1.00	0.54	0.47	0.70
TT	0.64	0.29	0.31	0.29	0.29	0.29	0.41	0.35	0.40	0.48	0.51	0.41	0.47	0.54	1.00	0.49	0.69
KKR	0.70	0.18	0.30	0.42	0.43	0.42	0.35	0.44	0.46	0.41	0.47	0.51	0.61	0.47	0.49	1.00	0.70
Portfolio	0.81	0.46	0.55	0.49	0.54	0.51	0.63	0.50	0.58	0.65	0.60	0.54	0.64	0.70	0.69	0.70	1.00

The correlation results are calculated based on daily price changes starting from Apr 16, 2021

Magnum Experiment 2

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table