Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | Large Cap Blend Equities | 10% |
FSUTX Fidelity Select Utilities Portfolio | Utilities Equities | 40% |
QRPNX AQR Alternative Risk Premia Fund Class N | Multistrategy | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in $3K Buy CMA, 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 21, 2018, corresponding to the inception date of QRPNX
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 $3K Buy CMA | 0.86% | 0.15% | 8.15% | 10.39% | 21.80% | 20.42% | 16.54% | — |
| Portfolio components: | ||||||||
QRPNX AQR Alternative Risk Premia Fund Class N | 1.08% | 2.11% | 10.19% | 15.63% | 20.67% | 20.31% | 17.70% | — |
FSUTX Fidelity Select Utilities Portfolio | 0.65% | -1.60% | 7.93% | 5.72% | 21.27% | 18.16% | 13.99% | 12.16% |
FGRTX Fidelity Mega Cap Stock Fund | 0.65% | -2.93% | -1.47% | 3.02% | 26.73% | 22.73% | 15.07% | 15.42% |
Monthly Returns
Based on dividend-adjusted daily data since May 22, 2018, $3K Buy CMA's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, your investment would double in approximately 6.4 years.
Historically, 68% of months were positive and 32% were negative. The best month was Mar 2021 with a return of +7.4%, while the worst month was Mar 2020 at -9.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, $3K Buy CMA closed higher 55% of trading days. The best single day was Mar 17, 2020 with a return of +5.7%, while the worst single day was Mar 12, 2020 at -6.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.98% | 6.53% | -2.26% | 0.86% | 8.15% | ||||||||
| 2025 | 3.17% | 3.14% | 0.10% | -1.88% | 2.24% | 2.45% | 3.14% | 0.14% | 4.52% | 3.42% | 0.83% | -1.81% | 21.01% |
| 2024 | 2.78% | 3.76% | 6.87% | 0.76% | 6.01% | -4.13% | 2.27% | 1.28% | 3.62% | -2.02% | 3.86% | -2.67% | 24.06% |
| 2023 | 0.18% | -0.23% | -1.03% | 1.75% | -2.97% | 4.88% | 1.02% | 0.03% | 1.22% | -0.47% | 2.47% | -0.44% | 6.39% |
| 2022 | 2.18% | -0.76% | 4.14% | 1.07% | 4.64% | -4.43% | 2.21% | 1.02% | -4.92% | 6.23% | 3.20% | -1.15% | 13.57% |
| 2021 | -0.05% | -0.60% | 7.36% | 1.80% | -0.79% | -0.57% | 2.05% | 1.59% | -2.43% | 1.84% | -0.89% | 6.86% | 16.87% |
Benchmark Metrics
$3K Buy CMA has an annualized alpha of 6.49%, beta of 0.37, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since May 22, 2018.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (43.09%) than losses (25.10%) — typical of diversified or defensive assets.
- Beta of 0.37 may look defensive, but with R² of 0.43 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.43 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
- 6.49%
- Beta
- 0.37
- R²
- 0.43
- Upside Capture
- 43.09%
- Downside Capture
- 25.10%
Expense Ratio
$3K Buy CMA has a high expense ratio of 3.00%, indicating above-average management fees. 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
$3K Buy CMA ranks 81 for risk / return — in the top 81% 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 | 1.97 | 0.88 | +1.09 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.37 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.21 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.50 | 1.39 | +1.11 |
Martin ratioReturn relative to average drawdown | 11.50 | 6.43 | +5.06 |
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 | |
|---|---|---|---|---|---|---|
QRPNX AQR Alternative Risk Premia Fund Class N | 75 | 1.80 | 2.21 | 1.36 | 1.98 | 6.67 |
FSUTX Fidelity Select Utilities Portfolio | 64 | 1.36 | 1.86 | 1.24 | 2.43 | 6.07 |
FGRTX Fidelity Mega Cap Stock Fund | 80 | 1.48 | 2.11 | 1.34 | 2.28 | 10.48 |
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Dividends
Dividend yield
$3K Buy CMA provided a 3.36% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.36% | 3.60% | 3.89% | 3.78% | 2.30% | 3.47% | 3.73% | 2.50% | 5.56% | 3.80% | 1.20% | 2.20% |
| Portfolio components: | ||||||||||||
QRPNX AQR Alternative Risk Premia Fund Class N | 1.03% | 1.14% | 2.04% | 4.33% | 0.00% | 3.84% | 1.98% | 0.57% | 0.07% | 0.00% | 0.00% | 0.00% |
FSUTX Fidelity Select Utilities Portfolio | 6.12% | 6.61% | 6.50% | 3.52% | 4.67% | 2.68% | 4.86% | 2.29% | 8.37% | 5.61% | 2.51% | 4.47% |
FGRTX Fidelity Mega Cap Stock Fund | 3.95% | 3.89% | 2.68% | 2.06% | 4.38% | 4.79% | 7.96% | 12.98% | 21.72% | 15.57% | 1.97% | 4.16% |
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 $3K Buy CMA. 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 $3K Buy CMA was 23.46%, occurring on Mar 23, 2020. Recovery took 438 trading sessions.
The current $3K Buy CMA drawdown is 1.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -23.46% | Feb 19, 2020 | 24 | Mar 23, 2020 | 438 | Dec 15, 2021 | 462 |
| -9.15% | Apr 3, 2025 | 4 | Apr 8, 2025 | 37 | Jun 2, 2025 | 41 |
| -7.65% | Jun 7, 2022 | 9 | Jun 17, 2022 | 97 | Nov 4, 2022 | 106 |
| -7.32% | Jun 3, 2024 | 44 | Aug 5, 2024 | 28 | Sep 13, 2024 | 72 |
| -5.89% | Sep 20, 2023 | 12 | Oct 5, 2023 | 48 | Dec 13, 2023 | 60 |
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 3 assets, with an effective number of assets of 2.38, 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 | QRPNX | FSUTX | FGRTX | Portfolio | |
|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.01 | 0.48 | 0.93 | 0.50 |
| QRPNX | -0.01 | 1.00 | -0.00 | 0.03 | 0.50 |
| FSUTX | 0.48 | -0.00 | 1.00 | 0.44 | 0.81 |
| FGRTX | 0.93 | 0.03 | 0.44 | 1.00 | 0.51 |
| Portfolio | 0.50 | 0.50 | 0.81 | 0.51 | 1.00 |