Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
FBIOX Fidelity Select Biotechnology Portfolio | Health & Biotech Equities | 16.22% |
FHKCX Fidelity China Region Fund | China Equities | 8.57% |
FIVLX Fidelity International Value Fund | Foreign Large Cap Equities | 0.12% |
FKRCX Franklin Gold and Precious Metals Fund | Precious Metals | 49.52% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | Industrials Equities | 25.57% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 8148 Sharp Optimization - 23 Jan 2026, 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 May 19, 2006, corresponding to the inception date of FIVLX
Returns By Period
As of Apr 9, 2026, the 8148 Sharp Optimization - 23 Jan 2026 returned 6.10% Year-To-Date and 17.17% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 2.51% | -0.19% | -0.92% | 0.43% | 36.13% | 18.22% | 10.44% | 12.72% |
Portfolio 8148 Sharp Optimization - 23 Jan 2026 | 0.23% | -6.68% | 6.10% | 16.57% | 109.30% | 37.57% | 18.46% | 17.17% |
| Portfolio components: | ||||||||
FIVLX Fidelity International Value Fund | -0.07% | 1.12% | 2.69% | 8.18% | 46.08% | 20.54% | 12.30% | 9.36% |
FHKCX Fidelity China Region Fund | 0.67% | -0.27% | 9.75% | 7.01% | 76.42% | 21.63% | 3.23% | 12.64% |
FBIOX Fidelity Select Biotechnology Portfolio | 0.23% | -0.27% | 2.15% | 12.72% | 63.74% | 19.36% | 5.44% | 9.94% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | -0.94% | -7.58% | 2.24% | 2.85% | 60.62% | 26.08% | 15.89% | 15.60% |
FKRCX Franklin Gold and Precious Metals Fund | 0.74% | -9.16% | 8.71% | 26.59% | 159.44% | 50.39% | 24.17% | 17.86% |
Monthly Returns
Based on dividend-adjusted daily data since May 22, 2006, 8148 Sharp Optimization - 23 Jan 2026's average daily return is +0.05%, while the average monthly return is +1.12%. At this rate, your investment would double in approximately 5.2 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2020 with a return of +24.4%, while the worst month was Oct 2008 at -26.4%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, 8148 Sharp Optimization - 23 Jan 2026 closed higher 53% of trading days. The best single day was Nov 21, 2008 with a return of +11.9%, while the worst single day was Mar 12, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.00% | 12.93% | -14.77% | 2.06% | 6.10% | ||||||||
| 2025 | 10.01% | 2.43% | 8.72% | 3.73% | 6.84% | 3.45% | 0.64% | 12.54% | 15.89% | 0.42% | 6.60% | 7.30% | 111.78% |
| 2024 | -5.32% | -0.53% | 10.56% | 1.73% | 6.72% | -2.32% | 6.94% | 3.54% | 3.96% | 1.38% | -3.23% | -6.64% | 16.40% |
| 2023 | 7.41% | -8.11% | 6.68% | 1.09% | -5.45% | 1.62% | 2.96% | -4.72% | -7.77% | 0.24% | 10.20% | 4.82% | 7.14% |
| 2022 | -6.66% | 7.66% | 2.27% | -9.29% | -4.95% | -8.58% | 1.64% | -4.01% | -7.39% | 2.77% | 13.15% | 1.61% | -13.52% |
| 2021 | -4.51% | -0.82% | 2.32% | 4.52% | 4.71% | -5.31% | -0.51% | -2.07% | -6.52% | 6.35% | -2.43% | 2.25% | -2.96% |
Benchmark Metrics
8148 Sharp Optimization - 23 Jan 2026 has an annualized alpha of 5.63%, beta of 0.79, and R² of 0.45 versus S&P 500 Index. Calculated based on daily prices since May 22, 2006.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.08%) than losses (77.57%) — typical of diversified or defensive assets.
- R² of 0.45 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.63%
- Beta
- 0.79
- R²
- 0.45
- Upside Capture
- 91.08%
- Downside Capture
- 77.57%
Expense Ratio
8148 Sharp Optimization - 23 Jan 2026 has an expense ratio of 0.82%, 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.
Return for Risk
Risk / Return Rank
8148 Sharp Optimization - 23 Jan 2026 ranks 82 for risk / return — in the top 82% 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
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.18 | 2.19 | +2.00 |
Sortino ratioReturn per unit of downside risk | 4.60 | 3.49 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.68 | 1.48 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 4.14 | 3.70 | +0.44 |
Martin ratioReturn relative to average drawdown | 16.73 | 16.45 | +0.29 |
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 | |
|---|---|---|---|---|---|---|
FIVLX Fidelity International Value Fund | 91 | 3.01 | 4.27 | 1.56 | 3.12 | 12.28 |
FHKCX Fidelity China Region Fund | 94 | 3.25 | 4.02 | 1.57 | 4.94 | 15.19 |
FBIOX Fidelity Select Biotechnology Portfolio | 81 | 2.51 | 3.24 | 1.42 | 4.66 | 16.60 |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 89 | 2.96 | 4.12 | 1.52 | 2.99 | 11.98 |
FKRCX Franklin Gold and Precious Metals Fund | 92 | 3.78 | 3.66 | 1.53 | 4.20 | 15.13 |
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Dividends
Dividend yield
8148 Sharp Optimization - 23 Jan 2026 provided a 6.55% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 6.55% | 7.02% | 8.94% | 3.44% | 2.36% | 10.06% | 9.34% | 2.17% | 4.82% | 1.36% | 6.24% | 4.03% |
| Portfolio components: | ||||||||||||
FIVLX Fidelity International Value Fund | 2.26% | 2.32% | 2.90% | 2.06% | 1.85% | 4.35% | 1.74% | 3.54% | 3.33% | 0.15% | 2.71% | 1.44% |
FHKCX Fidelity China Region Fund | 1.60% | 1.75% | 1.39% | 1.92% | 1.05% | 10.77% | 4.85% | 0.66% | 0.83% | 0.39% | 1.35% | 15.47% |
FBIOX Fidelity Select Biotechnology Portfolio | 2.42% | 2.47% | 1.21% | 0.45% | 0.00% | 14.48% | 19.46% | 8.89% | 11.18% | 1.41% | 3.42% | 6.71% |
FSDAX Fidelity Select Defense & Aerospace Portfolio | 4.39% | 4.48% | 7.68% | 6.47% | 8.87% | 8.38% | 2.11% | 2.62% | 11.45% | 3.57% | 4.87% | 6.30% |
FKRCX Franklin Gold and Precious Metals Fund | 9.88% | 10.75% | 13.44% | 3.12% | 0.00% | 9.37% | 10.55% | 0.00% | 0.00% | 0.37% | 8.73% | 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 8148 Sharp Optimization - 23 Jan 2026. 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 8148 Sharp Optimization - 23 Jan 2026 was 56.71%, occurring on Nov 20, 2008. Recovery took 346 trading sessions.
The current 8148 Sharp Optimization - 23 Jan 2026 drawdown is 13.56%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.71% | Nov 7, 2007 | 263 | Nov 20, 2008 | 346 | Apr 9, 2010 | 609 |
| -37.46% | Feb 24, 2020 | 20 | Mar 20, 2020 | 54 | Jun 8, 2020 | 74 |
| -36.45% | Jun 2, 2021 | 333 | Sep 26, 2022 | 452 | Jul 16, 2024 | 785 |
| -30.86% | May 2, 2011 | 1189 | Jan 21, 2016 | 63 | Apr 21, 2016 | 1252 |
| -22.24% | Jan 29, 2018 | 228 | Dec 21, 2018 | 131 | Jul 2, 2019 | 359 |
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 5 assets, with an effective number of assets of 2.90, 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
| Benchmark | FKRCX | FBIOX | FHKCX | FSDAX | FIVLX | Portfolio | |
|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.32 | 0.63 | 0.59 | 0.76 | 0.77 | 0.59 |
| FKRCX | 0.32 | 1.00 | 0.23 | 0.32 | 0.27 | 0.43 | 0.90 |
| FBIOX | 0.63 | 0.23 | 1.00 | 0.42 | 0.51 | 0.49 | 0.52 |
| FHKCX | 0.59 | 0.32 | 0.42 | 1.00 | 0.47 | 0.62 | 0.52 |
| FSDAX | 0.76 | 0.27 | 0.51 | 0.47 | 1.00 | 0.66 | 0.57 |
| FIVLX | 0.77 | 0.43 | 0.49 | 0.62 | 0.66 | 1.00 | 0.63 |
| Portfolio | 0.59 | 0.90 | 0.52 | 0.52 | 0.57 | 0.63 | 1.00 |