8 11 25

Asset Allocation

Position	Category/Sector	Target Weight
FDD First Trust STOXX European Select Dividend Index Fund	Europe Equities, Dividend	7.69%
CQQQ Invesco China Technology ETF	China Equities	7.69%
DAX Global X DAX Germany ETF	Europe Equities	7.69%
EWG iShares MSCI Germany ETF	Europe Equities	7.69%
EWO iShares MSCI Austria ETF	Europe Equities	7.69%
FGM First Trust Germany AlphaDEX Fund	Europe Equities	7.69%
FXI iShares China Large-Cap ETF	China Equities	7.69%
KTEC KraneShares Hang Seng TECH Index ETF	China Equities	7.69%
EUFN iShares MSCI Europe Financials ETF	Financials Equities	7.69%
EPOL iShares MSCI Poland ETF	Europe Equities	7.69%
EWP iShares MSCI Spain ETF	Europe Equities	7.69%
CORT Corcept Therapeutics Incorporated	Healthcare	7.69%
SHLD Global X Defense Tech ETF	Aerospace & Defense	7.69%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 8 11 25, 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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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	-0.17%	8.56%	8.85%	22.93%	19.37%	11.84%	13.61%
Portfolio 8 11 25	0.24%	3.70%	11.55%	7.20%	21.52%	—	—	—
Portfolio components:
CORT Corcept Therapeutics Incorporated	-0.41%	45.25%	138.25%	-5.77%	16.48%	52.65%	30.95%	31.68%
CQQQ Invesco China Technology ETF	-1.27%	-8.85%	-1.35%	-0.24%	21.23%	8.01%	-8.12%	5.36%
DAX Global X DAX Germany ETF	0.26%	0.49%	-1.45%	-0.46%	2.74%	16.82%	7.62%	9.57%
EPOL iShares MSCI Poland ETF	0.96%	3.49%	16.37%	20.25%	40.61%	36.58%	17.10%	12.21%
EUFN iShares MSCI Europe Financials ETF	1.20%	3.32%	4.75%	9.10%	26.28%	32.04%	18.43%	13.48%
EWG iShares MSCI Germany ETF	0.09%	0.36%	-0.45%	0.31%	1.88%	15.78%	5.72%	8.18%
EWO iShares MSCI Austria ETF	1.37%	6.33%	18.55%	23.71%	46.00%	33.19%	15.56%	15.10%
EWP iShares MSCI Spain ETF	0.63%	4.02%	8.89%	11.54%	36.89%	32.21%	17.57%	12.33%
FDD First Trust STOXX European Select Dividend Index Fund	0.81%	1.95%	13.65%	17.76%	33.45%	26.21%	11.32%	10.93%
FGM First Trust Germany AlphaDEX Fund	1.21%	-2.27%	3.19%	4.60%	17.41%	20.38%	4.13%	8.76%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 13, 2023, 8 11 25's average daily return is +0.11%, while the average monthly return is +2.22%. At this rate, an investment would double in approximately 2.6 years.

Historically, 62% of months were positive and 38% were negative. The best month was Mar 2025 with a return of +11.6%, while the worst month was Jan 2024 at -8.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.

On a daily basis, 8 11 25 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +8.2%, while the worst single day was Apr 4, 2025 at -7.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	5.70%	-1.14%	-6.60%	6.42%	5.92%	1.40%							11.55%
2025	9.38%	6.50%	11.61%	-2.42%	5.75%	3.63%	-0.34%	4.40%	5.49%	-2.23%	0.33%	-1.04%	48.13%
2024	-8.00%	4.97%	4.85%	-0.79%	7.18%	-2.60%	3.22%	1.84%	9.21%	-2.66%	0.73%	-2.33%	15.31%
2023									-4.09%	-1.16%	7.63%	4.58%	6.69%

Benchmark Metrics

8 11 25 has an annualized alpha of 11.85%, beta of 0.83, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since September 13, 2023.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (90.54%) than losses (14.97%) - 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: 11.85%

Beta: 0.83

R²: 0.45

Upside Capture: 90.54%

Downside Capture: 14.97%

See how alpha, beta & R² have trended over time →

Expense Ratio

8 11 25 has an expense ratio of 0.52%, 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.

Top 10 holdings

FGM

First Trust Germany AlphaDEX Fund

FXI

iShares China Large-Cap ETF

CQQQ

Invesco China Technology ETF

KTEC

KraneShares Hang Seng TECH Index ETF

EPOL

iShares MSCI Poland ETF

FDD

First Trust STOXX European Select Dividend Index Fund

EWP

iShares MSCI Spain ETF

SHLD

Global X Defense Tech ETF

EWG

iShares MSCI Germany ETF

EWO

iShares MSCI Austria ETF

Return for Risk

Risk / Return Rank

8 11 25 ranks 18 for risk / return — in the bottom 18% 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

The table below presents risk-adjusted performance metrics for 8 11 25 and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.19	1.86	-0.67
Sortino ratioReturn per unit of downside risk	1.69	2.53	-0.84
Omega ratioGain probability vs. loss probability	1.22	1.34	-0.12
Calmar ratioReturn relative to maximum drawdown	1.60	2.53	-0.93
Martin ratioReturn relative to average drawdown	5.15	11.37	-6.22

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

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
CORT Corcept Therapeutics Incorporated	53	0.22	0.82	1.17	0.26	0.47
CQQQ Invesco China Technology ETF	22	0.71	1.18	1.14	0.87	2.01
DAX Global X DAX Germany ETF	12	0.15	0.34	1.04	0.19	0.58
EPOL iShares MSCI Poland ETF	63	1.73	2.43	1.29	3.69	10.10
EUFN iShares MSCI Europe Financials ETF	42	1.31	1.92	1.23	1.79	6.24
EWG iShares MSCI Germany ETF	11	0.11	0.27	1.03	0.13	0.38
EWO iShares MSCI Austria ETF	79	2.41	3.35	1.41	3.28	11.10
EWP iShares MSCI Spain ETF	69	1.94	2.62	1.34	3.26	11.51
FDD First Trust STOXX European Select Dividend Index Fund	75	2.11	2.91	1.36	3.58	11.88
FGM First Trust Germany AlphaDEX Fund	25	0.84	1.28	1.16	0.98	3.01

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.

The current 8 11 25 Sharpe ratio is 1.19 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, 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 8 11 25 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

8 11 25 provided a 2.17% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.17%	2.25%	3.14%	2.75%	2.70%	1.77%	1.41%	2.20%	2.48%	1.70%	2.12%	1.93%
Portfolio components:
CORT Corcept Therapeutics Incorporated	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CQQQ Invesco China Technology ETF	2.20%	2.17%	0.28%	0.55%	0.08%	0.00%	0.47%	0.01%	0.43%	1.41%	1.69%	1.77%
DAX Global X DAX Germany ETF	1.50%	1.47%	2.24%	2.48%	2.80%	2.65%	2.25%	2.47%	3.33%	1.73%	1.78%	1.41%
EPOL iShares MSCI Poland ETF	4.11%	4.78%	6.04%	2.87%	2.65%	1.33%	1.44%	2.51%	1.44%	1.88%	2.14%	2.53%
EUFN iShares MSCI Europe Financials ETF	3.41%	3.57%	5.36%	5.00%	4.24%	4.15%	1.38%	4.55%	6.48%	3.04%	4.03%	3.65%
EWG iShares MSCI Germany ETF	1.61%	1.60%	2.38%	2.56%	3.24%	2.70%	1.67%	2.51%	2.93%	2.06%	2.35%	1.93%
EWO iShares MSCI Austria ETF	2.01%	2.38%	7.40%	5.66%	4.75%	2.42%	0.98%	3.11%	4.04%	2.03%	1.99%	1.51%
EWP iShares MSCI Spain ETF	2.09%	2.27%	4.35%	2.70%	3.07%	3.29%	2.56%	3.72%	3.69%	2.72%	4.65%	3.85%
FDD First Trust STOXX European Select Dividend Index Fund	3.48%	3.99%	7.65%	6.85%	6.07%	3.44%	4.01%	4.69%	5.05%	2.78%	4.88%	4.35%
FGM First Trust Germany AlphaDEX Fund	0.64%	0.66%	2.56%	2.82%	5.44%	1.43%	1.33%	2.30%	2.18%	2.11%	1.33%	1.13%

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 8 11 25. 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 8 11 25 was 16.13%, occurring on Apr 8, 2025. Recovery took 18 trading sessions.

Related event	Drawdown	Fall	Recovery	Underwater
2025 selloff2025	-16.13%Apr 2025	7d	27d	1mo 4dApr 2025 - May 2025
2026 correction2026	-13.48%Mar 2026	1mo 28d	2mo	3mo 28dJan 2026 - May 2026
2024 pullback2024	-8.23%Feb 2024	1mo 4d	1mo 7d	2mo 11dJan 2024 - Mar 2024
2025 pullback2025	-7.83%Nov 2025	1mo 15d	1mo 2d	2mo 17dOct 2025 - Dec 2025
2025 pullback2025	-7.71%Jan 2025	3mo 4d	13d	3mo 17dOct 2024 - Jan 2025

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 13 assets, with an effective number of assets of 13.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	All Time
Diversification Ratio	1.40	1.48

The portfolio has a diversification ratio of 1.48, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

8 11 25 correlation to the S&P 500 Index

8 11 25 has a 0.77 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.64

Benchmark Correlations

Correlation vs. S&P 500 Index. EWG has the highest benchmark correlation at 0.65, while KTEC has the lowest at 0.37.

0.37

0.38

0.39

0.40

0.46

0.49

0.50

0.51

0.53

0.57

0.58

0.63

0.65

Portfolio Correlations

Correlation vs. 8 11 25. EWG has the highest portfolio correlation at 0.81, while CORT has the lowest at 0.47.

0.47

0.47

0.67

0.71

0.71

0.72

0.72

0.75

0.78

0.78

0.79

0.80

0.81

Asset Correlations Table

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

	CORT	SHLD	CQQQ	KTEC	FXI	EPOL	EWP	EWO	FGM	FDD	EUFN	DAX	EWG
CORT	1.00	0.18	0.22	0.21	0.21	0.23	0.19	0.20	0.21	0.23	0.22	0.27	0.28
SHLD	0.18	1.00	0.27	0.23	0.23	0.33	0.35	0.34	0.44	0.40	0.42	0.48	0.47
CQQQ	0.22	0.27	1.00	0.89	0.82	0.36	0.32	0.41	0.43	0.42	0.38	0.40	0.42
KTEC	0.21	0.23	0.89	1.00	0.92	0.36	0.33	0.41	0.43	0.42	0.38	0.39	0.41
FXI	0.21	0.23	0.82	0.92	1.00	0.41	0.38	0.43	0.43	0.48	0.43	0.39	0.42
EPOL	0.23	0.33	0.36	0.36	0.41	1.00	0.58	0.61	0.60	0.66	0.63	0.63	0.64
EWP	0.19	0.35	0.32	0.33	0.38	0.58	1.00	0.75	0.75	0.83	0.87	0.78	0.79
EWO	0.20	0.34	0.41	0.41	0.43	0.61	0.75	1.00	0.75	0.79	0.80	0.75	0.76
FGM	0.21	0.44	0.43	0.43	0.43	0.60	0.75	0.75	1.00	0.78	0.79	0.85	0.86
FDD	0.23	0.40	0.42	0.42	0.48	0.66	0.83	0.79	0.78	1.00	0.89	0.80	0.81
EUFN	0.22	0.42	0.38	0.38	0.43	0.63	0.87	0.80	0.79	0.89	1.00	0.85	0.86
DAX	0.27	0.48	0.40	0.39	0.39	0.63	0.78	0.75	0.85	0.80	0.85	1.00	0.97
EWG	0.28	0.47	0.42	0.41	0.42	0.64	0.79	0.76	0.86	0.81	0.86	0.97	1.00

The correlation results are calculated based on daily price changes starting from Sep 13, 2023

Diversification Analysis

Find what 8 11 25 is missing

See which holdings overlap, where 8 11 25 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification