MAX DIVIDENDS 2025

Asset Allocation

Position	Category/Sector	Target Weight
AIVI WisdomTree International Al Enhanced Value Fund	Foreign Large Cap Equities	0%
DGRO iShares Core Dividend Growth ETF	Large Cap Growth Equities, Dividend	0%
DIVB iShares U.S. Dividend and Buyback ETF	Large Cap Blend Equities, Dividend	33.01%
DVYA iShares Asia/Pacific Dividend ETF	Asia Pacific Equities, Dividend	0%
DVYE iShares Emerging Markets Dividend ETF	Emerging Markets Equities, Dividend	0%
HDV iShares Core High Dividend ETF	Large Cap Value Equities, Dividend	6.62%
IDV iShares International Select Dividend ETF	Global Equities, Dividend	28.38%
IGRO iShares International Dividend Growth ETF	Foreign Large Cap Equities, Dividend	0%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	S&P 500, Dividend	0%
QQQM Invesco NASDAQ 100 ETF	Nasdaq-100	8.99%
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF	Mid Cap Value Equities, Dividend	0%
SMDV ProShares Russell 2000 Dividend Growers ETF	Small Cap Blend Equities, Dividend	0%
TDV ProShares S&P Technology Dividend Aristocrats ETF	Technology Equities, Dividend	0%
VYM Vanguard High Dividend Yield ETF	Dividend	23%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in MAX DIVIDENDS 2025, 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 Oct 13, 2020, corresponding to the inception date of QQQM

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	1.18%	5.05%	1.78%	4.86%	28.88%	18.97%	10.81%	12.85%
Portfolio MAX DIVIDENDS 2025	0.15%	4.59%	7.83%	13.14%	34.91%	19.28%	12.11%	—
Portfolio components:
DGRO iShares Core Dividend Growth ETF	0.08%	2.99%	4.71%	7.47%	25.29%	15.21%	10.26%	13.09%
DIVB iShares U.S. Dividend and Buyback ETF	-0.11%	3.31%	4.47%	8.05%	25.43%	16.81%	10.38%	—
IGRO iShares International Dividend Growth ETF	0.70%	6.27%	6.71%	11.62%	26.50%	15.33%	8.32%	—
DVYE iShares Emerging Markets Dividend ETF	0.45%	7.56%	15.08%	24.23%	45.15%	22.38%	6.85%	7.87%
DVYA iShares Asia/Pacific Dividend ETF	0.14%	5.93%	15.20%	20.77%	57.06%	20.53%	10.54%	7.51%
IDV iShares International Select Dividend ETF	0.16%	7.28%	12.83%	24.05%	53.71%	23.21%	13.18%	10.34%
HDV iShares Core High Dividend ETF	-0.39%	-0.84%	10.75%	11.88%	21.95%	12.56%	10.73%	9.29%
AIVI WisdomTree International Al Enhanced Value Fund	0.48%	8.24%	11.00%	18.76%	39.82%	18.50%	11.05%	8.72%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	0.08%	0.71%	3.95%	6.15%	12.81%	8.02%	6.25%	9.65%
TDV ProShares S&P Technology Dividend Aristocrats ETF	0.45%	7.87%	6.02%	6.59%	36.38%	16.31%	10.64%	—

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 14, 2020, MAX DIVIDENDS 2025's average daily return is +0.06%, while the average monthly return is +1.30%. At this rate, an investment would double in approximately 4.5 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +14.0%, while the worst month was Sep 2022 at -9.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, MAX DIVIDENDS 2025 closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +6.7%, while the worst single day was Apr 4, 2025 at -6.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.60%	3.82%	-3.99%	3.42%									7.83%
2025	3.72%	2.20%	-0.71%	-1.28%	4.58%	4.31%	0.58%	3.95%	1.49%	0.69%	2.31%	1.28%	25.48%
2024	0.11%	2.14%	4.35%	-3.08%	4.40%	-0.40%	4.52%	2.68%	1.86%	-1.79%	3.94%	-4.51%	14.60%
2023	5.14%	-3.43%	0.51%	1.20%	-3.88%	5.18%	4.15%	-2.59%	-3.16%	-2.76%	7.32%	6.08%	13.56%
2022	-0.49%	-1.93%	2.47%	-5.85%	2.81%	-9.27%	5.17%	-3.77%	-9.65%	8.80%	8.60%	-2.97%	-7.93%
2021	-0.26%	4.38%	5.37%	3.30%	2.42%	-0.15%	0.93%	1.80%	-3.92%	4.71%	-2.52%	5.71%	23.45%

Benchmark Metrics

MAX DIVIDENDS 2025 has an annualized alpha of 5.32%, beta of 0.76, and R² of 0.81 versus S&P 500 Index. Calculated based on daily prices since October 14, 2020.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (89.86%) than losses (77.43%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 5.32% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 5.32%

Beta: 0.76

R²: 0.81

Upside Capture: 89.86%

Downside Capture: 77.43%

Expense Ratio

MAX DIVIDENDS 2025 has an expense ratio of 0.25%, 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.

Top 10 holdings

TDV

ProShares S&P Technology Dividend Aristocrats ETF

AIVI

WisdomTree International Al Enhanced Value Fund

DVYE

iShares Emerging Markets Dividend ETF

DVYA

iShares Asia/Pacific Dividend ETF

IDV

iShares International Select Dividend ETF

SMDV

ProShares Russell 2000 Dividend Growers ETF

REGL

ProShares S&P MidCap 400 Dividend Aristocrats ETF

NOBL

ProShares S&P 500 Dividend Aristocrats ETF

DIVB

iShares U.S. Dividend and Buyback ETF

IGRO

iShares International Dividend Growth ETF

Return for Risk

Risk / Return Rank

MAX DIVIDENDS 2025 ranks 90 for risk / return — in the top 90% 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.

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	3.41	2.20	+1.20
Sortino ratio Return per unit of downside risk	4.70	3.07	+1.63
Omega ratio Gain probability vs. loss probability	1.63	1.41	+0.22
Calmar ratio Return relative to maximum drawdown	6.10	3.55	+2.55
Martin ratio Return relative to average drawdown	24.14	16.01	+8.14
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
DGRO iShares Core Dividend Growth ETF	72	2.42	3.51	1.44	4.47	17.06
DIVB iShares U.S. Dividend and Buyback ETF	61	2.16	3.06	1.39	4.18	14.15
IGRO iShares International Dividend Growth ETF	57	2.24	3.11	1.41	3.13	12.42
DVYE iShares Emerging Markets Dividend ETF	90	3.35	4.37	1.59	7.83	25.69
DVYA iShares Asia/Pacific Dividend ETF	95	4.59	5.76	1.81	7.16	28.15
IDV iShares International Select Dividend ETF	95	4.41	5.56	1.82	7.06	27.74
HDV iShares Core High Dividend ETF	67	2.22	3.27	1.39	4.88	16.49
AIVI WisdomTree International Al Enhanced Value Fund	80	3.16	4.16	1.57	4.12	15.46
NOBL ProShares S&P 500 Dividend Aristocrats ETF	23	1.05	1.62	1.18	1.78	5.79
TDV ProShares S&P Technology Dividend Aristocrats ETF	57	2.03	2.87	1.36	4.25	14.65

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.

MAX DIVIDENDS 2025 Sharpe ratios as of Apr 15, 2026 (values are recalculated daily):

1-Year: 3.41
5-Year: 0.87
All Time: 1.13

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 2.14 to 2.98, 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 MAX DIVIDENDS 2025 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

MAX DIVIDENDS 2025 provided a 2.84% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.84%	3.05%	3.62%	3.93%	3.75%	3.08%	3.25%	3.06%	3.54%	2.27%	2.22%	2.44%
Portfolio components:
DGRO iShares Core Dividend Growth ETF	2.03%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%
DIVB iShares U.S. Dividend and Buyback ETF	2.46%	2.50%	2.61%	3.18%	2.02%	1.63%	2.08%	2.07%	2.52%	0.37%	0.00%	0.00%
IGRO iShares International Dividend Growth ETF	2.39%	2.51%	2.44%	2.79%	2.69%	2.27%	2.41%	2.65%	2.97%	2.43%	1.18%	0.00%
DVYE iShares Emerging Markets Dividend ETF	4.92%	5.88%	11.81%	9.05%	9.89%	7.31%	5.27%	5.97%	5.69%	4.81%	4.56%	6.53%
DVYA iShares Asia/Pacific Dividend ETF	4.26%	4.71%	5.97%	6.48%	7.29%	5.81%	3.66%	5.52%	6.24%	4.74%	4.79%	5.33%
IDV iShares International Select Dividend ETF	4.43%	4.94%	6.46%	6.51%	7.33%	5.78%	5.47%	5.15%	5.93%	4.52%	4.69%	5.08%
HDV iShares Core High Dividend ETF	2.96%	3.22%	3.67%	3.82%	3.56%	3.47%	4.07%	3.27%	3.67%	3.27%	3.28%	3.92%
AIVI WisdomTree International Al Enhanced Value Fund	4.15%	4.70%	4.94%	5.05%	4.32%	5.53%	3.50%	4.31%	4.21%	3.65%	3.98%	4.23%
NOBL ProShares S&P 500 Dividend Aristocrats ETF	2.11%	2.14%	2.05%	2.09%	1.94%	1.89%	2.14%	1.89%	2.37%	1.74%	2.13%	2.02%
TDV ProShares S&P Technology Dividend Aristocrats ETF	1.08%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%	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 MAX DIVIDENDS 2025. 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 MAX DIVIDENDS 2025 was 21.64%, occurring on Sep 30, 2022. Recovery took 303 trading sessions.

The current MAX DIVIDENDS 2025 drawdown is 0.75%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-21.64%	Jan 13, 2022	180	Sep 30, 2022	303	Dec 14, 2023	483
-12.3%	Feb 21, 2025	33	Apr 8, 2025	23	May 12, 2025	56
-6.66%	Oct 14, 2020	11	Oct 28, 2020	8	Nov 9, 2020	19
-6.39%	Feb 12, 2026	26	Mar 20, 2026	—	—	—
-5.64%	Dec 2, 2024	27	Jan 10, 2025	18	Feb 6, 2025	45

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 14 assets, with an effective number of assets of 3.92, 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

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

	Benchmark	DVYE	QQQM	DVYA	HDV	SMDV	IDV	TDV	IGRO	AIVI	REGL	NOBL	VYM	DGRO	DIVB	Portfolio
Benchmark	1.00	0.52	0.93	0.61	0.57	0.63	0.62	0.89	0.70	0.65	0.67	0.72	0.79	0.86	0.84	0.86
DVYE	0.52	1.00	0.45	0.72	0.45	0.42	0.73	0.49	0.67	0.68	0.43	0.46	0.53	0.50	0.53	0.64
QQQM	0.93	0.45	1.00	0.51	0.34	0.44	0.49	0.84	0.59	0.53	0.46	0.50	0.57	0.66	0.66	0.69
DVYA	0.61	0.72	0.51	1.00	0.53	0.53	0.81	0.58	0.76	0.79	0.54	0.57	0.63	0.62	0.63	0.74
HDV	0.57	0.45	0.34	0.53	1.00	0.67	0.62	0.53	0.57	0.59	0.74	0.83	0.86	0.83	0.82	0.81
SMDV	0.63	0.42	0.44	0.53	0.67	1.00	0.59	0.65	0.59	0.60	0.93	0.81	0.82	0.79	0.80	0.77
IDV	0.62	0.73	0.49	0.81	0.62	0.59	1.00	0.58	0.83	0.92	0.62	0.64	0.70	0.67	0.69	0.84
TDV	0.89	0.49	0.84	0.58	0.53	0.65	0.58	1.00	0.65	0.61	0.67	0.69	0.75	0.81	0.82	0.81
IGRO	0.70	0.67	0.59	0.76	0.57	0.59	0.83	0.65	1.00	0.88	0.62	0.65	0.69	0.71	0.71	0.81
AIVI	0.65	0.68	0.53	0.79	0.59	0.60	0.92	0.61	0.88	1.00	0.63	0.66	0.69	0.69	0.70	0.82
REGL	0.67	0.43	0.46	0.54	0.74	0.93	0.62	0.67	0.62	0.63	1.00	0.88	0.87	0.85	0.85	0.82
NOBL	0.72	0.46	0.50	0.57	0.83	0.81	0.64	0.69	0.65	0.66	0.88	1.00	0.90	0.92	0.89	0.87
VYM	0.79	0.53	0.57	0.63	0.86	0.82	0.70	0.75	0.69	0.69	0.87	0.90	1.00	0.96	0.95	0.94
DGRO	0.86	0.50	0.66	0.62	0.83	0.79	0.67	0.81	0.71	0.69	0.85	0.92	0.96	1.00	0.96	0.94
DIVB	0.84	0.53	0.66	0.63	0.82	0.80	0.69	0.82	0.71	0.70	0.85	0.89	0.95	0.96	1.00	0.96
Portfolio	0.86	0.64	0.69	0.74	0.81	0.77	0.84	0.81	0.81	0.82	0.82	0.87	0.94	0.94	0.96	1.00

The correlation results are calculated based on daily price changes starting from Oct 14, 2020

MAX DIVIDENDS 2025

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