Marc-Dalio II

Asset Allocation

Position	Category/Sector	Target Weight
FFRHX Fidelity Floating Rate High Income Fund	High Yield Bonds	5%
FLOT iShares Floating Rate Bond ETF	Corporate Bonds	5%
FTSL First Trust Senior Loan Fund	High Yield Bonds, Actively Managed	5%
GLD SPDR Gold Shares	Gold, Precious Metals	10%
LFRIX Lord Abbett Floating Rate Fund	Bank Loan	5%
NFIAX Neuberger Berman Floating Rate Income Fund	Bank Loan	5%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Commodities, Actively Managed	5%
PRFRX T. Rowe Price Floating Rate Fund	High Yield Bonds	5%
SLV iShares Silver Trust	Precious Metals	5%
VTHRX Vanguard Target Retirement 2030 Fund	Target Retirement Date, Diversified Portfolio	50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Marc-Dalio II, 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 Nov 7, 2014, corresponding to the inception date of PDBC

Returns By Period

As of Apr 11, 2026, the Marc-Dalio II returned 4.03% Year-To-Date and 8.68% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-0.11%	2.78%	-0.42%	4.03%	27.10%	18.38%	10.55%	12.70%
Portfolio Marc-Dalio II	-0.01%	0.71%	4.03%	9.96%	26.03%	14.97%	9.17%	8.68%
Portfolio components:
GLD SPDR Gold Shares	-0.18%	-5.14%	10.30%	18.42%	46.72%	32.89%	21.77%	13.80%
VTHRX Vanguard Target Retirement 2030 Fund	0.14%	2.68%	2.13%	5.52%	21.98%	12.97%	6.28%	8.59%
FLOT iShares Floating Rate Bond ETF	0.06%	0.51%	1.04%	2.18%	5.86%	5.83%	4.07%	2.98%
FFRHX Fidelity Floating Rate High Income Fund	0.00%	0.89%	0.27%	2.22%	7.95%	7.28%	5.32%	5.02%
PRFRX T. Rowe Price Floating Rate Fund	0.00%	1.18%	1.45%	5.37%	15.29%	10.73%	7.46%	5.79%
NFIAX Neuberger Berman Floating Rate Income Fund	0.00%	0.00%	-0.50%	1.29%	6.58%	7.21%	4.77%	4.46%
SLV iShares Silver Trust	1.01%	-4.97%	7.23%	52.06%	136.66%	44.20%	24.16%	16.19%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-0.88%	-0.93%	28.08%	33.95%	38.91%	9.66%	13.94%	9.16%
LFRIX Lord Abbett Floating Rate Fund	-0.13%	0.25%	-0.55%	1.83%	7.22%	7.54%	5.18%	4.57%
FTSL First Trust Senior Loan Fund	-0.11%	0.70%	-0.40%	1.56%	6.26%	7.14%	4.90%	4.49%

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

Monthly Returns

Based on dividend-adjusted daily data since Nov 10, 2014, Marc-Dalio II's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +6.2%, while the worst month was Mar 2020 at -9.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Marc-Dalio II closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +4.4%, while the worst single day was Mar 16, 2020 at -5.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.56%	2.42%	-3.67%	1.82%									4.03%
2025	2.47%	0.41%	0.41%	0.36%	2.18%	2.58%	0.63%	2.15%	3.63%	1.48%	1.77%	2.38%	22.41%
2024	-0.24%	1.36%	2.87%	-0.65%	2.79%	0.35%	1.69%	1.25%	2.10%	-0.11%	0.96%	-1.37%	11.46%
2023	4.23%	-2.55%	2.76%	0.95%	-1.24%	2.11%	2.60%	-0.91%	-2.41%	-0.42%	4.56%	2.49%	12.50%
2022	-1.78%	0.20%	0.82%	-3.50%	-0.89%	-4.49%	2.91%	-2.38%	-4.84%	2.28%	5.32%	-1.04%	-7.63%
2021	-0.02%	0.66%	0.25%	2.66%	2.09%	-0.29%	0.57%	0.47%	-1.75%	2.48%	-1.63%	2.16%	7.79%

Benchmark Metrics

Marc-Dalio II has an annualized alpha of 3.22%, beta of 0.36, and R² of 0.68 versus S&P 500 Index. Calculated based on daily prices since November 10, 2014.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (44.73%) than losses (41.71%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 3.22% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.36 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 3.22%

Beta: 0.36

R²: 0.68

Upside Capture: 44.73%

Downside Capture: 41.71%

Expense Ratio

Marc-Dalio II has an expense ratio of 0.34%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

NFIAX

Neuberger Berman Floating Rate Income Fund

FTSL

First Trust Senior Loan Fund

PRFRX

T. Rowe Price Floating Rate Fund

FFRHX

Fidelity Floating Rate High Income Fund

LFRIX

Lord Abbett Floating Rate Fund

PDBC

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

SLV

iShares Silver Trust

GLD

SPDR Gold Shares

FLOT

iShares Floating Rate Bond ETF

VTHRX

Vanguard Target Retirement 2030 Fund

Return for Risk

Risk / Return Rank

Marc-Dalio II ranks 74 for risk / return — better than 74% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

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	3.32	2.23	+1.09
Sortino ratio Return per unit of downside risk	4.08	3.12	+0.96
Omega ratio Gain probability vs. loss probability	1.72	1.42	+0.31
Calmar ratio Return relative to maximum drawdown	4.48	4.05	+0.43
Martin ratio Return relative to average drawdown	16.79	17.91	-1.12
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
GLD SPDR Gold Shares	39	1.82	2.24	1.34	3.06	10.54
VTHRX Vanguard Target Retirement 2030 Fund	71	2.58	3.67	1.50	3.93	17.35
FLOT iShares Floating Rate Bond ETF	98	6.65	13.76	3.72	9.57	85.56
FFRHX Fidelity Floating Rate High Income Fund	93	2.87	6.08	2.02	7.18	24.98
PRFRX T. Rowe Price Floating Rate Fund	99	4.78	13.08	3.21	11.18	59.93
NFIAX Neuberger Berman Floating Rate Income Fund	87	2.83	6.53	2.10	5.17	16.62
SLV iShares Silver Trust	54	2.58	2.48	1.45	3.64	10.46
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	64	2.35	3.09	1.41	6.17	13.55
LFRIX Lord Abbett Floating Rate Fund	88	2.84	6.18	2.10	4.91	17.47
FTSL First Trust Senior Loan Fund	70	2.97	4.76	1.73	2.94	11.09

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.

Marc-Dalio II Sharpe ratios as of Apr 11, 2026 (values are recalculated daily):

1-Year: 3.32
5-Year: 1.19
10-Year: 1.09
All Time: 0.97

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 2.14 to 3.05, 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 Marc-Dalio II 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

Marc-Dalio II provided a 4.38% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.38%	4.50%	4.25%	3.78%	3.05%	12.20%	2.33%	2.64%	2.72%	1.28%	2.58%	2.91%
Portfolio components:
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTHRX Vanguard Target Retirement 2030 Fund	3.95%	4.03%	3.63%	2.59%	2.53%	17.56%	2.56%	2.38%	2.71%	0.06%	2.38%	3.72%
FLOT iShares Floating Rate Bond ETF	4.67%	4.84%	5.82%	5.66%	2.06%	0.43%	1.25%	2.78%	2.41%	1.46%	0.97%	0.53%
FFRHX Fidelity Floating Rate High Income Fund	7.28%	7.41%	6.94%	8.24%	3.81%	2.74%	3.84%	5.15%	4.74%	4.05%	4.44%	3.69%
PRFRX T. Rowe Price Floating Rate Fund	13.93%	12.91%	8.17%	9.57%	4.03%	3.86%	4.00%	4.84%	4.87%	4.04%	4.07%	4.07%
NFIAX Neuberger Berman Floating Rate Income Fund	6.23%	6.84%	8.05%	6.89%	3.97%	3.36%	3.68%	4.71%	4.32%	3.44%	3.46%	4.05%
SLV iShares Silver 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%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	3.00%	3.84%	4.42%	4.21%	13.05%	50.83%	0.01%	1.40%	1.00%	3.83%	6.51%	0.00%
LFRIX Lord Abbett Floating Rate Fund	6.53%	7.20%	7.68%	7.63%	3.95%	4.01%	4.64%	5.71%	5.60%	4.65%	4.64%	4.72%
FTSL First Trust Senior Loan Fund	6.56%	6.59%	7.56%	7.59%	4.77%	3.17%	3.48%	4.44%	4.29%	3.64%	3.70%	3.95%

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 Marc-Dalio II. 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 Marc-Dalio II was 21.29%, occurring on Mar 23, 2020. Recovery took 83 trading sessions.

The current Marc-Dalio II drawdown is 3.19%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-21.29%	Feb 20, 2020	23	Mar 23, 2020	83	Jul 21, 2020	106
-14.46%	Nov 15, 2021	231	Oct 14, 2022	281	Nov 28, 2023	512
-10.99%	May 19, 2015	170	Jan 20, 2016	114	Jul 1, 2016	284
-9.08%	Jan 29, 2018	229	Dec 24, 2018	73	Apr 10, 2019	302
-6.78%	Jan 30, 2026	39	Mar 26, 2026	—	—	—

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 10 assets, with an effective number of assets of 3.57, 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

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	FLOT	GLD	PDBC	SLV	FTSL	NFIAX	PRFRX	LFRIX	FFRHX	VTHRX	Portfolio
Benchmark	1.00	0.16	0.02	0.26	0.17	0.40	0.23	0.25	0.28	0.29	0.94	0.76
FLOT	0.16	1.00	0.03	0.08	0.05	0.19	0.14	0.14	0.11	0.12	0.16	0.16
GLD	0.02	0.03	1.00	0.24	0.77	0.06	-0.00	0.02	-0.02	0.00	0.13	0.50
PDBC	0.26	0.08	0.24	1.00	0.31	0.16	0.16	0.14	0.17	0.22	0.29	0.48
SLV	0.17	0.05	0.77	0.31	1.00	0.13	0.04	0.08	0.06	0.08	0.26	0.62
FTSL	0.40	0.19	0.06	0.16	0.13	1.00	0.32	0.32	0.34	0.36	0.41	0.38
NFIAX	0.23	0.14	-0.00	0.16	0.04	0.32	1.00	0.70	0.71	0.71	0.26	0.28
PRFRX	0.25	0.14	0.02	0.14	0.08	0.32	0.70	1.00	0.69	0.69	0.28	0.30
LFRIX	0.28	0.11	-0.02	0.17	0.06	0.34	0.71	0.69	1.00	0.71	0.31	0.32
FFRHX	0.29	0.12	0.00	0.22	0.08	0.36	0.71	0.69	0.71	1.00	0.32	0.35
VTHRX	0.94	0.16	0.13	0.29	0.26	0.41	0.26	0.28	0.31	0.32	1.00	0.86
Portfolio	0.76	0.16	0.50	0.48	0.62	0.38	0.28	0.30	0.32	0.35	0.86	1.00

The correlation results are calculated based on daily price changes starting from Nov 10, 2014

Marc-Dalio II

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