Portafolio Abril 15 2024

Asset Allocation

Position	Category/Sector	Target Weight
ARGT Global X MSCI Argentina ETF	Latin America Equities	8.02%
BIL SPDR Barclays 1-3 Month T-Bill ETF	Government Bonds	4.96%
BTC-USD Bitcoin		1.22%
CALF Pacer US Small Cap Cash Cows 100 ETF	Small Cap Blend Equities	13.89%
DBA Invesco DB Agriculture Fund	Agricultural Commodities	2.44%
IAU iShares Gold Trust	Gold, Precious Metals	6.14%
INDA iShares MSCI India ETF	Asia Pacific Equities	12.03%
SLV iShares Silver Trust	Precious Metals	1.22%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	15.05%
VIG Vanguard Dividend Appreciation ETF	Dividend	5.01%
VOO Vanguard S&P 500 ETF	S&P 500	20%
VOOG Vanguard S&P 500 Growth ETF	S&P 500, Large Cap Growth Equities	10.02%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Portafolio Abril 15 2024, 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 Jun 19, 2017, corresponding to the inception date of CALF

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Portafolio Abril 15 2024	-0.02%	-2.05%	-0.87%	5.06%	25.02%	22.01%	14.29%	—
Portfolio components:
VOO Vanguard S&P 500 ETF	0.11%	-3.33%	-3.55%	-1.41%	17.60%	18.47%	11.96%	14.19%
VIG Vanguard Dividend Appreciation ETF	0.16%	-3.69%	-1.33%	0.36%	12.71%	13.72%	9.86%	12.36%
ARGT Global X MSCI Argentina ETF	0.73%	8.82%	2.71%	37.51%	16.42%	35.28%	28.28%	18.60%
BIL SPDR Barclays 1-3 Month T-Bill ETF	0.02%	0.31%	0.90%	1.85%	4.01%	4.71%	3.28%	2.13%
IAU iShares Gold Trust	-1.94%	-8.32%	8.34%	21.05%	49.18%	32.68%	21.72%	14.14%
SMH VanEck Semiconductor ETF	0.09%	0.32%	8.94%	16.35%	83.82%	44.85%	26.17%	31.69%
CALF Pacer US Small Cap Cash Cows 100 ETF	0.49%	-1.05%	1.92%	3.43%	19.59%	6.80%	3.30%	—
VOOG Vanguard S&P 500 Growth ETF	0.12%	-3.27%	-6.87%	-5.34%	22.22%	22.10%	12.49%	15.90%
INDA iShares MSCI India ETF	-0.13%	-7.11%	-13.69%	-10.80%	-9.52%	6.03%	3.41%	6.86%
BTC-USD Bitcoin	-1.99%	-2.31%	-23.70%	-44.66%	-19.07%	33.89%	3.18%	66.03%

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

Monthly Returns

Based on dividend-adjusted daily data since Jun 20, 2017, Portafolio Abril 15 2024's average daily return is +0.05%, while the average monthly return is +1.33%. At this rate, your investment would double in approximately 4.4 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +12.4%, while the worst month was Mar 2020 at -14.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Portafolio Abril 15 2024 closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -10.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.49%	-0.05%	-4.83%	0.69%									-0.87%
2025	1.83%	-3.83%	-2.83%	0.73%	6.21%	4.90%	0.76%	1.92%	3.45%	5.81%	0.31%	0.68%	21.22%
2024	1.77%	5.07%	4.13%	-2.25%	5.31%	1.49%	1.92%	1.24%	2.00%	-0.81%	4.78%	-2.02%	24.67%
2023	8.17%	-2.02%	3.73%	0.05%	2.42%	6.57%	3.79%	-1.61%	-4.40%	-1.95%	10.24%	5.59%	33.76%
2022	-4.86%	-0.75%	2.34%	-7.75%	-0.42%	-9.63%	9.70%	-3.27%	-8.03%	6.02%	7.22%	-4.92%	-15.37%
2021	0.81%	4.06%	3.59%	2.62%	2.39%	1.65%	1.15%	4.38%	-4.17%	4.49%	0.28%	2.93%	26.66%

Benchmark Metrics

Portafolio Abril 15 2024 has an annualized alpha of 4.60%, beta of 0.91, and R² of 0.91 versus S&P 500 Index. Calculated based on daily prices since June 20, 2017.

This portfolio captured 101.85% of S&P 500 Index gains but only 85.81% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 4.60% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.91 and R² of 0.91, 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: 4.60%

Beta: 0.91

R²: 0.91

Upside Capture: 101.85%

Downside Capture: 85.81%

Expense Ratio

Portafolio Abril 15 2024 has an expense ratio of 0.33%, 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

DBA

Invesco DB Agriculture Fund

INDA

iShares MSCI India ETF

ARGT

Global X MSCI Argentina ETF

CALF

Pacer US Small Cap Cash Cows 100 ETF

SLV

iShares Silver Trust

SMH

VanEck Semiconductor ETF

IAU

iShares Gold Trust

BIL

SPDR Barclays 1-3 Month T-Bill ETF

VOOG

Vanguard S&P 500 Growth ETF

VIG

Vanguard Dividend Appreciation ETF

Return for Risk

Risk / Return Rank

Portafolio Abril 15 2024 ranks 53 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

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	1.40	0.88	+0.52
Sortino ratio Return per unit of downside risk	2.07	1.37	+0.70
Omega ratio Gain probability vs. loss probability	1.30	1.21	+0.10
Calmar ratio Return relative to maximum drawdown	1.54	1.39	+0.15
Martin ratio Return relative to average drawdown	5.70	6.43	-0.74
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
VOO Vanguard S&P 500 ETF	54	0.98	1.49	1.23	1.53	7.13
VIG Vanguard Dividend Appreciation ETF	43	0.84	1.28	1.19	1.24	5.41
ARGT Global X MSCI Argentina ETF	24	0.42	0.96	1.12	0.58	1.32
BIL SPDR Barclays 1-3 Month T-Bill ETF	100	19.57	254.91	180.89	367.86	4,130.10
IAU iShares Gold Trust	80	1.78	2.21	1.33	2.58	9.32
SMH VanEck Semiconductor ETF	94	2.28	2.89	1.41	5.34	18.94
CALF Pacer US Small Cap Cash Cows 100 ETF	46	0.87	1.36	1.20	1.30	5.92
VOOG Vanguard S&P 500 Growth ETF	56	1.00	1.56	1.22	1.70	6.51
INDA iShares MSCI India ETF	3	-0.62	-0.80	0.91	-0.46	-1.49
BTC-USD Bitcoin	39	-0.43	-0.36	0.96	-1.14	-2.03

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.

Portafolio Abril 15 2024 Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 1.40
5-Year: 0.86
All Time: 0.89

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 1.69, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of Portafolio Abril 15 2024 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

Portafolio Abril 15 2024 provided a 0.95% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.95%	0.96%	1.15%	1.26%	1.10%	1.67%	0.77%	1.31%	1.46%	1.10%	0.92%	1.23%
Portfolio components:
VOO Vanguard S&P 500 ETF	1.18%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
VIG Vanguard Dividend Appreciation ETF	1.60%	1.62%	1.73%	1.88%	1.96%	1.55%	1.63%	1.71%	2.08%	1.88%	2.14%	2.34%
ARGT Global X MSCI Argentina ETF	0.82%	0.84%	1.41%	1.59%	2.45%	0.93%	0.28%	1.21%	1.34%	0.49%	0.36%	0.89%
BIL SPDR Barclays 1-3 Month T-Bill ETF	3.96%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%	0.00%
IAU iShares 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%
SMH VanEck Semiconductor ETF	0.28%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
CALF Pacer US Small Cap Cash Cows 100 ETF	1.42%	1.43%	1.07%	1.18%	0.85%	2.63%	0.82%	0.99%	1.39%	0.70%	0.00%	0.00%
VOOG Vanguard S&P 500 Growth ETF	0.53%	0.49%	0.49%	1.12%	0.93%	0.53%	0.88%	1.26%	1.34%	1.32%	1.47%	1.56%
INDA iShares MSCI India ETF	0.00%	0.00%	0.76%	0.16%	0.00%	6.44%	0.27%	0.99%	0.94%	1.09%	0.90%	1.19%
BTC-USD Bitcoin	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 Portafolio Abril 15 2024. 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 Portafolio Abril 15 2024 was 31.59%, occurring on Mar 23, 2020. Recovery took 119 trading sessions.

The current Portafolio Abril 15 2024 drawdown is 6.48%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-31.59%	Feb 20, 2020	33	Mar 23, 2020	119	Jul 20, 2020	152
-23.65%	Nov 9, 2021	341	Oct 15, 2022	261	Jul 3, 2023	602
-18%	Jan 29, 2018	331	Dec 25, 2018	129	May 3, 2019	460
-17.97%	Jan 24, 2025	75	Apr 8, 2025	62	Jun 9, 2025	137
-10.15%	Jan 29, 2026	61	Mar 30, 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 12 assets, with an effective number of assets of 8.16, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

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	BIL	DBA	IAU	BTC-USD	SLV	INDA	ARGT	CALF	SMH	VIG	VOOG	VOO	Portfolio
Benchmark	1.00	0.00	0.17	0.06	0.25	0.19	0.51	0.57	0.69	0.79	0.91	0.95	1.00	0.92
BIL	0.00	1.00	0.01	0.04	0.02	0.03	0.02	0.01	-0.02	0.04	0.05	0.05	0.05	0.04
DBA	0.17	0.01	1.00	0.11	0.04	0.17	0.15	0.19	0.14	0.13	0.13	0.12	0.15	0.19
IAU	0.06	0.04	0.11	1.00	0.10	0.73	0.15	0.15	0.03	0.06	0.08	0.06	0.07	0.16
BTC-USD	0.25	0.02	0.04	0.10	1.00	0.14	0.13	0.17	0.17	0.19	0.17	0.20	0.21	0.36
SLV	0.19	0.03	0.17	0.73	0.14	1.00	0.22	0.24	0.13	0.16	0.15	0.15	0.17	0.28
INDA	0.51	0.02	0.15	0.15	0.13	0.22	1.00	0.37	0.36	0.39	0.45	0.44	0.48	0.56
ARGT	0.57	0.01	0.19	0.15	0.17	0.24	0.37	1.00	0.44	0.45	0.45	0.50	0.52	0.64
CALF	0.69	-0.02	0.14	0.03	0.17	0.13	0.36	0.44	1.00	0.48	0.64	0.50	0.62	0.69
SMH	0.79	0.04	0.13	0.06	0.19	0.16	0.39	0.45	0.48	1.00	0.60	0.77	0.73	0.79
VIG	0.91	0.05	0.13	0.08	0.17	0.15	0.45	0.45	0.64	0.60	1.00	0.75	0.86	0.76
VOOG	0.95	0.05	0.12	0.06	0.20	0.15	0.44	0.50	0.50	0.77	0.75	1.00	0.91	0.81
VOO	1.00	0.05	0.15	0.07	0.21	0.17	0.48	0.52	0.62	0.73	0.86	0.91	1.00	0.86
Portfolio	0.92	0.04	0.19	0.16	0.36	0.28	0.56	0.64	0.69	0.79	0.76	0.81	0.86	1.00

The correlation results are calculated based on daily price changes starting from Jun 20, 2017

Portafolio Abril 15 2024

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

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