Cummings Dividend

Asset Allocation

Position	Category/Sector	Target Weight
AAPL Apple Inc	Technology	1.59%
ABBV AbbVie Inc.	Healthcare	1.63%
ABT Abbott Laboratories	Healthcare	3.17%
ADP Automatic Data Processing, Inc.	Industrials	1.65%
AMT American Tower Corporation	Real Estate	3.13%
BK The Bank of New York Mellon Corporation	Financial Services	1.55%
BMO Bank of Montreal	Financial Services	3.12%
BRK-B Berkshire Hathaway Inc.	Financial Services	1.62%
CAH Cardinal Health, Inc.	Healthcare	1.61%
CAT Caterpillar Inc.	Industrials	3.04%
CI Cigna Corporation	Healthcare	3.06%
COST Costco Wholesale Corporation	Consumer Defensive	3.21%
CVS CVS Health Corporation	Healthcare	3.09%
DCI Donaldson Company, Inc.	Industrials	1.61%
DTE DTE Energy Company	Utilities	3.15%
EMR Emerson Electric Co.	Industrials	3.05%
EOG EOG Resources, Inc.	Energy	2.86%
EPD Enterprise Products Partners L.P.	Energy	3.18%
EPRT Essential Properties Realty Trust, Inc.	Real Estate	1.49%
GD General Dynamics Corporation		1.66%
JPM JPMorgan Chase & Co.	Financial Services	3.11%
KO The Coca-Cola Company	Consumer Defensive	1.62%
LHX L3Harris Technologies, Inc.	Industrials	3.16%
LTC LTC Properties, Inc.	Real Estate	3.05%
MCK McKesson Corporation	Healthcare	3.16%
MNST Monster Beverage Corporation	Consumer Defensive	1.61%
NEE NextEra Energy, Inc.	Utilities	3.10%
PGR The Progressive Corporation	Financial Services	3.14%
PM Philip Morris International Inc.	Consumer Defensive	3.16%
SIVR Aberdeen Standard Physical Silver Shares ETF	Precious Metals	3.16%
SYF Synchrony Financial	Financial Services	2.87%
THG The Hanover Insurance Group, Inc.	Financial Services	1.61%
TMUS T-Mobile US, Inc.	Communication Services	3.17%
TNL Travel + Leisure Co.	Consumer Cyclical	2.89%
TSCDY Tesco PLC	Consumer Defensive	3.21%
VICI VICI Properties Inc.	Real Estate	1.55%
WM Waste Management, Inc.	Industrials	1.62%
WMT Walmart Inc.	Consumer Defensive	3.25%
XOM Exxon Mobil Corporation	Energy	3.09%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Cummings Dividend, 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 21, 2018, corresponding to the inception date of EPRT

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 Cummings Dividend	0.37%	-3.42%	5.56%	9.46%	21.64%	21.69%	16.56%	—
Portfolio components:
BK The Bank of New York Mellon Corporation	0.96%	3.54%	5.67%	15.88%	48.07%	43.25%	24.26%	15.59%
CAH Cardinal Health, Inc.	0.96%	-5.20%	4.67%	35.75%	56.10%	43.13%	31.59%	13.07%
CAT Caterpillar Inc.	-1.79%	-0.69%	25.49%	46.96%	117.26%	48.52%	27.57%	28.19%
CI Cigna Corporation	1.01%	-4.38%	-1.35%	-8.06%	-16.93%	2.91%	4.09%	7.72%
COST Costco Wholesale Corporation	1.85%	0.71%	17.86%	11.02%	5.74%	28.60%	24.74%	22.54%
DTE DTE Energy Company	0.63%	0.74%	15.68%	8.09%	10.87%	14.62%	9.02%	10.31%
EMR Emerson Electric Co.	-0.51%	-10.15%	-0.39%	-0.20%	20.04%	16.92%	10.03%	12.12%
EOG EOG Resources, Inc.	1.58%	11.43%	37.13%	31.69%	13.82%	9.26%	19.31%	10.73%
EPD Enterprise Products Partners L.P.	0.37%	0.51%	19.11%	23.67%	18.18%	21.21%	19.41%	12.15%
EPRT Essential Properties Realty Trust, Inc.	0.75%	-9.88%	5.07%	4.93%	-1.50%	12.28%	10.07%	—

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

Monthly Returns

Based on dividend-adjusted daily data since Jun 22, 2018, Cummings Dividend's average daily return is +0.07%, while the average monthly return is +1.38%. At this rate, your investment would double in approximately 4.2 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.0%, while the worst month was Mar 2020 at -14.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Cummings Dividend closed higher 56% of trading days. The best single day was Mar 13, 2020 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -11.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.56%	6.53%	-4.65%	0.35%									5.56%
2025	4.89%	4.88%	-0.88%	-0.49%	3.45%	2.95%	-0.03%	3.54%	2.20%	-1.22%	4.42%	0.32%	26.48%
2024	0.62%	3.83%	4.97%	-2.45%	4.03%	-0.20%	4.83%	3.46%	1.64%	-0.11%	7.50%	-7.52%	21.59%
2023	3.39%	-3.71%	-0.36%	1.30%	-4.63%	6.22%	2.78%	-2.19%	-1.99%	-0.62%	5.37%	5.53%	10.83%
2022	-0.10%	0.77%	3.89%	-3.58%	2.75%	-6.34%	6.70%	-1.59%	-8.18%	11.07%	5.35%	-3.46%	5.68%
2021	-0.41%	4.38%	7.37%	3.98%	2.66%	-0.49%	0.82%	1.65%	-4.36%	5.12%	-3.63%	8.10%	27.25%

Benchmark Metrics

Cummings Dividend has an annualized alpha of 7.16%, beta of 0.77, and R² of 0.76 versus S&P 500 Index. Calculated based on daily prices since June 22, 2018.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (92.79%) than losses (72.67%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 7.16% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 7.16%

Beta: 0.77

R²: 0.76

Upside Capture: 92.79%

Downside Capture: 72.67%

Expense Ratio

Cummings Dividend has an expense ratio of 0.01%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

SIVR

Aberdeen Standard Physical Silver Shares ETF

Return for Risk

Risk / Return Rank

Cummings Dividend ranks 76 for risk / return — better than 76% 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	1.69	0.88	+0.81
Sortino ratio Return per unit of downside risk	2.31	1.37	+0.94
Omega ratio Gain probability vs. loss probability	1.37	1.21	+0.16
Calmar ratio Return relative to maximum drawdown	2.25	1.39	+0.86
Martin ratio Return relative to average drawdown	11.10	6.43	+4.67
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
BK The Bank of New York Mellon Corporation	88	2.04	2.52	1.38	3.77	11.60
CAH Cardinal Health, Inc.	89	1.88	2.85	1.40	4.49	10.26
CAT Caterpillar Inc.	96	3.39	4.01	1.54	6.61	23.24
CI Cigna Corporation	18	-0.51	-0.48	0.93	-0.61	-1.17
COST Costco Wholesale Corporation	45	0.29	0.56	1.07	0.36	0.72
DTE DTE Energy Company	58	0.64	0.94	1.12	1.08	2.47
EMR Emerson Electric Co.	58	0.61	1.03	1.14	0.93	2.28
EOG EOG Resources, Inc.	52	0.46	0.82	1.11	0.74	1.26
EPD Enterprise Products Partners L.P.	66	0.97	1.36	1.19	1.17	3.43
EPRT Essential Properties Realty Trust, Inc.	34	-0.07	0.04	1.00	-0.08	-0.17

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.

Cummings Dividend Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.69
5-Year: 1.29
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 0.97 to 1.66, 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 Cummings Dividend 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

Cummings Dividend provided a 2.51% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.51%	2.44%	2.58%	2.79%	2.71%	3.22%	2.89%	2.55%	2.66%	2.12%	2.18%	2.34%
Portfolio components:
BK The Bank of New York Mellon Corporation	1.69%	1.72%	2.32%	3.04%	3.12%	2.24%	2.92%	2.34%	2.21%	1.60%	1.52%	1.65%
CAH Cardinal Health, Inc.	0.95%	0.99%	1.28%	1.98%	2.57%	3.80%	3.62%	3.80%	4.24%	3.00%	2.41%	1.68%
CAT Caterpillar Inc.	0.83%	1.02%	1.49%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%
CI Cigna Corporation	2.26%	2.19%	2.03%	1.64%	1.35%	1.74%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%
COST Costco Wholesale Corporation	0.51%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
DTE DTE Energy Company	3.05%	3.44%	3.44%	3.52%	3.07%	2.98%	3.40%	2.96%	3.26%	3.07%	3.10%	3.54%
EMR Emerson Electric Co.	1.64%	1.61%	1.70%	2.14%	2.15%	2.18%	2.49%	2.58%	3.26%	2.76%	3.42%	3.94%
EOG EOG Resources, Inc.	2.80%	3.76%	2.97%	4.80%	6.79%	5.19%	2.83%	1.21%	0.87%	0.62%	0.66%	0.95%
EPD Enterprise Products Partners L.P.	5.79%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
EPRT Essential Properties Realty Trust, Inc.	3.95%	4.06%	3.71%	4.38%	4.58%	3.47%	4.39%	3.55%	1.62%	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 Cummings Dividend. 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 Cummings Dividend was 35.69%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.

The current Cummings Dividend drawdown is 4.40%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-35.69%	Feb 13, 2020	27	Mar 23, 2020	161	Nov 9, 2020	188
-16.07%	Oct 3, 2018	57	Dec 24, 2018	36	Feb 15, 2019	93
-13.4%	Apr 21, 2022	113	Sep 30, 2022	37	Nov 22, 2022	150
-10.07%	Mar 3, 2025	27	Apr 8, 2025	23	May 12, 2025	50
-8.79%	Dec 5, 2022	75	Mar 23, 2023	80	Jul 19, 2023	155

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 39 assets, with an effective number of assets of 36.11, 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	SIVR	TSCDY	WMT	EOG	AMT	ABBV	NEE	TMUS	AAPL	COST	LTC	MCK	PM	PGR	EPD	MNST	LHX	ABT	XOM	CVS	CI	CAH	DTE	EPRT	TNL	KO	WM	VICI	THG	SYF	CAT	BK	GD	ADP	BMO	JPM	DCI	EMR	BRK-B	Portfolio
Benchmark	1.00	0.20	0.31	0.36	0.34	0.34	0.35	0.35	0.41	0.70	0.53	0.32	0.34	0.31	0.34	0.40	0.48	0.36	0.49	0.37	0.37	0.36	0.38	0.30	0.41	0.59	0.37	0.40	0.45	0.39	0.58	0.61	0.58	0.50	0.62	0.62	0.61	0.65	0.68	0.62	0.77
SIVR	0.20	1.00	0.17	0.07	0.15	0.13	0.03	0.16	0.05	0.13	0.09	0.11	0.00	0.15	0.02	0.14	0.09	0.11	0.09	0.15	0.02	0.04	0.04	0.10	0.13	0.10	0.11	0.06	0.13	0.03	0.10	0.19	0.11	0.10	0.04	0.22	0.10	0.15	0.15	0.08	0.25
TSCDY	0.31	0.17	1.00	0.22	0.15	0.22	0.16	0.17	0.20	0.24	0.21	0.19	0.17	0.23	0.18	0.17	0.19	0.17	0.23	0.15	0.19	0.16	0.16	0.19	0.20	0.19	0.22	0.19	0.23	0.21	0.21	0.22	0.24	0.21	0.22	0.32	0.23	0.23	0.21	0.29	0.38
WMT	0.36	0.07	0.22	1.00	0.10	0.26	0.22	0.27	0.29	0.25	0.59	0.19	0.26	0.28	0.29	0.14	0.32	0.23	0.29	0.15	0.27	0.20	0.26	0.30	0.21	0.15	0.35	0.35	0.20	0.23	0.17	0.20	0.21	0.26	0.31	0.20	0.22	0.27	0.23	0.34	0.43
EOG	0.34	0.15	0.15	0.10	1.00	0.06	0.18	0.09	0.14	0.18	0.09	0.18	0.22	0.19	0.21	0.55	0.11	0.29	0.10	0.76	0.25	0.26	0.26	0.17	0.22	0.34	0.14	0.16	0.26	0.26	0.37	0.45	0.36	0.38	0.22	0.41	0.38	0.33	0.42	0.37	0.52
AMT	0.34	0.13	0.22	0.26	0.06	1.00	0.25	0.50	0.32	0.26	0.31	0.41	0.22	0.30	0.28	0.18	0.33	0.26	0.40	0.08	0.20	0.21	0.19	0.46	0.41	0.14	0.42	0.42	0.44	0.24	0.13	0.15	0.18	0.22	0.35	0.20	0.16	0.23	0.18	0.26	0.44
ABBV	0.35	0.03	0.16	0.22	0.18	0.25	1.00	0.22	0.25	0.22	0.21	0.20	0.33	0.31	0.29	0.23	0.26	0.24	0.40	0.24	0.37	0.35	0.36	0.27	0.23	0.18	0.35	0.31	0.25	0.27	0.20	0.28	0.26	0.29	0.33	0.24	0.28	0.27	0.29	0.35	0.44
NEE	0.35	0.16	0.17	0.27	0.09	0.50	0.22	1.00	0.30	0.24	0.28	0.34	0.19	0.30	0.27	0.20	0.31	0.30	0.34	0.16	0.20	0.23	0.16	0.60	0.33	0.14	0.43	0.41	0.36	0.24	0.17	0.16	0.20	0.29	0.34	0.24	0.18	0.26	0.22	0.29	0.45
TMUS	0.41	0.05	0.20	0.29	0.14	0.32	0.25	0.30	1.00	0.31	0.35	0.21	0.27	0.27	0.32	0.20	0.35	0.22	0.34	0.18	0.26	0.29	0.27	0.29	0.25	0.23	0.35	0.35	0.30	0.27	0.23	0.21	0.24	0.26	0.39	0.25	0.24	0.28	0.27	0.37	0.47
AAPL	0.70	0.13	0.24	0.25	0.18	0.26	0.22	0.24	0.31	1.00	0.42	0.17	0.19	0.18	0.21	0.24	0.37	0.16	0.35	0.20	0.19	0.20	0.21	0.14	0.24	0.35	0.23	0.24	0.28	0.20	0.32	0.33	0.30	0.26	0.41	0.35	0.33	0.38	0.38	0.39	0.45
COST	0.53	0.09	0.21	0.59	0.09	0.31	0.21	0.28	0.35	0.42	1.00	0.20	0.28	0.25	0.30	0.14	0.39	0.25	0.36	0.13	0.23	0.22	0.24	0.25	0.27	0.21	0.35	0.40	0.26	0.23	0.22	0.24	0.24	0.30	0.44	0.25	0.24	0.33	0.30	0.35	0.47
LTC	0.32	0.11	0.19	0.19	0.18	0.41	0.20	0.34	0.21	0.17	0.20	1.00	0.22	0.33	0.22	0.28	0.25	0.26	0.24	0.22	0.22	0.24	0.25	0.43	0.55	0.29	0.38	0.31	0.49	0.34	0.29	0.26	0.28	0.31	0.31	0.31	0.26	0.33	0.28	0.31	0.50
MCK	0.34	0.00	0.17	0.26	0.22	0.22	0.33	0.19	0.27	0.19	0.28	0.22	1.00	0.29	0.31	0.22	0.28	0.27	0.29	0.24	0.47	0.47	0.71	0.25	0.21	0.21	0.30	0.36	0.23	0.32	0.21	0.26	0.28	0.36	0.32	0.24	0.28	0.28	0.29	0.37	0.50
PM	0.31	0.15	0.23	0.28	0.19	0.30	0.31	0.30	0.27	0.18	0.25	0.33	0.29	1.00	0.28	0.22	0.30	0.25	0.31	0.28	0.28	0.31	0.33	0.38	0.29	0.23	0.49	0.33	0.32	0.31	0.25	0.25	0.32	0.29	0.30	0.33	0.30	0.26	0.26	0.37	0.50
PGR	0.34	0.02	0.18	0.29	0.21	0.28	0.29	0.27	0.32	0.21	0.30	0.22	0.31	0.28	1.00	0.21	0.26	0.33	0.32	0.25	0.28	0.33	0.33	0.32	0.22	0.18	0.36	0.41	0.26	0.47	0.25	0.26	0.32	0.39	0.41	0.27	0.35	0.29	0.27	0.48	0.50
EPD	0.40	0.14	0.17	0.14	0.55	0.18	0.23	0.20	0.20	0.24	0.14	0.28	0.22	0.22	0.21	1.00	0.18	0.28	0.18	0.56	0.25	0.26	0.25	0.28	0.29	0.39	0.20	0.25	0.32	0.29	0.38	0.41	0.36	0.34	0.26	0.44	0.39	0.38	0.43	0.40	0.54
MNST	0.48	0.09	0.19	0.32	0.11	0.33	0.26	0.31	0.35	0.37	0.39	0.25	0.28	0.30	0.26	0.18	1.00	0.22	0.39	0.17	0.23	0.27	0.28	0.29	0.31	0.28	0.50	0.36	0.33	0.29	0.25	0.25	0.27	0.28	0.42	0.28	0.27	0.35	0.32	0.37	0.47
LHX	0.36	0.11	0.17	0.23	0.29	0.26	0.24	0.30	0.22	0.16	0.25	0.26	0.27	0.25	0.33	0.28	0.22	1.00	0.27	0.29	0.29	0.30	0.27	0.36	0.27	0.24	0.33	0.42	0.29	0.35	0.28	0.36	0.30	0.63	0.38	0.33	0.31	0.38	0.36	0.37	0.52
ABT	0.49	0.09	0.23	0.29	0.10	0.40	0.40	0.34	0.34	0.35	0.36	0.24	0.29	0.31	0.32	0.18	0.39	0.27	1.00	0.14	0.30	0.31	0.31	0.29	0.26	0.21	0.40	0.40	0.30	0.27	0.22	0.24	0.29	0.30	0.47	0.28	0.28	0.32	0.31	0.40	0.49
XOM	0.37	0.15	0.15	0.15	0.76	0.08	0.24	0.16	0.18	0.20	0.13	0.22	0.24	0.28	0.25	0.56	0.17	0.29	0.14	1.00	0.29	0.31	0.27	0.25	0.23	0.37	0.23	0.21	0.29	0.31	0.41	0.51	0.41	0.42	0.28	0.43	0.43	0.38	0.48	0.45	0.57
CVS	0.37	0.02	0.19	0.27	0.25	0.20	0.37	0.20	0.26	0.19	0.23	0.22	0.47	0.28	0.28	0.25	0.23	0.29	0.30	0.29	1.00	0.56	0.48	0.26	0.23	0.30	0.32	0.30	0.26	0.33	0.32	0.34	0.38	0.37	0.33	0.33	0.38	0.34	0.35	0.45	0.55
CI	0.36	0.04	0.16	0.20	0.26	0.21	0.35	0.23	0.29	0.20	0.22	0.24	0.47	0.31	0.33	0.26	0.27	0.30	0.31	0.31	0.56	1.00	0.45	0.30	0.23	0.30	0.31	0.32	0.29	0.36	0.30	0.34	0.34	0.40	0.35	0.31	0.36	0.35	0.35	0.42	0.57
CAH	0.38	0.04	0.16	0.26	0.26	0.19	0.36	0.16	0.27	0.21	0.24	0.25	0.71	0.33	0.33	0.25	0.28	0.27	0.31	0.27	0.48	0.45	1.00	0.27	0.25	0.28	0.30	0.33	0.26	0.36	0.31	0.34	0.35	0.40	0.33	0.31	0.36	0.35	0.35	0.41	0.54
DTE	0.30	0.10	0.19	0.30	0.17	0.46	0.27	0.60	0.29	0.14	0.25	0.43	0.25	0.38	0.32	0.28	0.29	0.36	0.29	0.25	0.26	0.30	0.27	1.00	0.40	0.20	0.50	0.48	0.43	0.36	0.23	0.23	0.25	0.38	0.38	0.29	0.27	0.29	0.27	0.39	0.53
EPRT	0.41	0.13	0.20	0.21	0.22	0.41	0.23	0.33	0.25	0.24	0.27	0.55	0.21	0.29	0.22	0.29	0.31	0.27	0.26	0.23	0.23	0.23	0.25	0.40	1.00	0.35	0.37	0.35	0.57	0.36	0.37	0.29	0.32	0.33	0.38	0.37	0.31	0.39	0.34	0.35	0.53
TNL	0.59	0.10	0.19	0.15	0.34	0.14	0.18	0.14	0.23	0.35	0.21	0.29	0.21	0.23	0.18	0.39	0.28	0.24	0.21	0.37	0.30	0.30	0.28	0.20	0.35	1.00	0.21	0.21	0.41	0.38	0.60	0.53	0.52	0.38	0.38	0.54	0.55	0.53	0.55	0.48	0.61
KO	0.37	0.11	0.22	0.35	0.14	0.42	0.35	0.43	0.35	0.23	0.35	0.38	0.30	0.49	0.36	0.20	0.50	0.33	0.40	0.23	0.32	0.31	0.30	0.50	0.37	0.21	1.00	0.51	0.37	0.36	0.22	0.23	0.28	0.37	0.44	0.29	0.29	0.31	0.29	0.45	0.54
WM	0.40	0.06	0.19	0.35	0.16	0.42	0.31	0.41	0.35	0.24	0.40	0.31	0.36	0.33	0.41	0.25	0.36	0.42	0.40	0.21	0.30	0.32	0.33	0.48	0.35	0.21	0.51	1.00	0.34	0.39	0.21	0.24	0.27	0.44	0.51	0.29	0.29	0.35	0.34	0.43	0.54
VICI	0.45	0.13	0.23	0.20	0.26	0.44	0.25	0.36	0.30	0.28	0.26	0.49	0.23	0.32	0.26	0.32	0.33	0.29	0.30	0.29	0.26	0.29	0.26	0.43	0.57	0.41	0.37	0.34	1.00	0.35	0.38	0.32	0.34	0.37	0.40	0.39	0.35	0.40	0.36	0.41	0.57
THG	0.39	0.03	0.21	0.23	0.26	0.24	0.27	0.24	0.27	0.20	0.23	0.34	0.32	0.31	0.47	0.29	0.29	0.35	0.27	0.31	0.33	0.36	0.36	0.36	0.36	0.38	0.36	0.39	0.35	1.00	0.43	0.35	0.47	0.46	0.43	0.41	0.48	0.43	0.38	0.54	0.58
SYF	0.58	0.10	0.21	0.17	0.37	0.13	0.20	0.17	0.23	0.32	0.22	0.29	0.21	0.25	0.25	0.38	0.25	0.28	0.22	0.41	0.32	0.30	0.31	0.23	0.37	0.60	0.22	0.21	0.38	0.43	1.00	0.56	0.64	0.41	0.39	0.59	0.69	0.53	0.57	0.56	0.64
CAT	0.61	0.19	0.22	0.20	0.45	0.15	0.28	0.16	0.21	0.33	0.24	0.26	0.26	0.25	0.26	0.41	0.25	0.36	0.24	0.51	0.34	0.34	0.34	0.23	0.29	0.53	0.23	0.24	0.32	0.35	0.56	1.00	0.56	0.51	0.37	0.59	0.59	0.66	0.73	0.53	0.68
BK	0.58	0.11	0.24	0.21	0.36	0.18	0.26	0.20	0.24	0.30	0.24	0.28	0.28	0.32	0.32	0.36	0.27	0.30	0.29	0.41	0.38	0.34	0.35	0.25	0.32	0.52	0.28	0.27	0.34	0.47	0.64	0.56	1.00	0.43	0.40	0.59	0.72	0.52	0.57	0.61	0.65
GD	0.50	0.10	0.21	0.26	0.38	0.22	0.29	0.29	0.26	0.26	0.30	0.31	0.36	0.29	0.39	0.34	0.28	0.63	0.30	0.42	0.37	0.40	0.40	0.38	0.33	0.38	0.37	0.44	0.37	0.46	0.41	0.51	0.43	1.00	0.48	0.45	0.48	0.54	0.54	0.52	0.66
ADP	0.62	0.04	0.22	0.31	0.22	0.35	0.33	0.34	0.39	0.41	0.44	0.31	0.32	0.30	0.41	0.26	0.42	0.38	0.47	0.28	0.33	0.35	0.33	0.38	0.38	0.38	0.44	0.51	0.40	0.43	0.39	0.37	0.40	0.48	1.00	0.40	0.42	0.46	0.47	0.53	0.63
BMO	0.62	0.22	0.32	0.20	0.41	0.20	0.24	0.24	0.25	0.35	0.25	0.31	0.24	0.33	0.27	0.44	0.28	0.33	0.28	0.43	0.33	0.31	0.31	0.29	0.37	0.54	0.29	0.29	0.39	0.41	0.59	0.59	0.59	0.45	0.40	1.00	0.62	0.54	0.58	0.54	0.68
JPM	0.61	0.10	0.23	0.22	0.38	0.16	0.28	0.18	0.24	0.33	0.24	0.26	0.28	0.30	0.35	0.39	0.27	0.31	0.28	0.43	0.38	0.36	0.36	0.27	0.31	0.55	0.29	0.29	0.35	0.48	0.69	0.59	0.72	0.48	0.42	0.62	1.00	0.54	0.60	0.67	0.68
DCI	0.65	0.15	0.23	0.27	0.33	0.23	0.27	0.26	0.28	0.38	0.33	0.33	0.28	0.26	0.29	0.38	0.35	0.38	0.32	0.38	0.34	0.35	0.35	0.29	0.39	0.53	0.31	0.35	0.40	0.43	0.53	0.66	0.52	0.54	0.46	0.54	0.54	1.00	0.69	0.55	0.68
EMR	0.68	0.15	0.21	0.23	0.42	0.18	0.29	0.22	0.27	0.38	0.30	0.28	0.29	0.26	0.27	0.43	0.32	0.36	0.31	0.48	0.35	0.35	0.35	0.27	0.34	0.55	0.29	0.34	0.36	0.38	0.57	0.73	0.57	0.54	0.47	0.58	0.60	0.69	1.00	0.56	0.70
BRK-B	0.62	0.08	0.29	0.34	0.37	0.26	0.35	0.29	0.37	0.39	0.35	0.31	0.37	0.37	0.48	0.40	0.37	0.37	0.40	0.45	0.45	0.42	0.41	0.39	0.35	0.48	0.45	0.43	0.41	0.54	0.56	0.53	0.61	0.52	0.53	0.54	0.67	0.55	0.56	1.00	0.74
Portfolio	0.77	0.25	0.38	0.43	0.52	0.44	0.44	0.45	0.47	0.45	0.47	0.50	0.50	0.50	0.50	0.54	0.47	0.52	0.49	0.57	0.55	0.57	0.54	0.53	0.53	0.61	0.54	0.54	0.57	0.58	0.64	0.68	0.65	0.66	0.63	0.68	0.68	0.68	0.70	0.74	1.00

The correlation results are calculated based on daily price changes starting from Jun 22, 2018

Cummings Dividend

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