first draft

The chart shows the growth of an initial investment of $10,000 in first draft, 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.

As of Jun 13, 2026, the first draft returned 10.20% Year-To-Date and 31.03% of annualized return in the last 10 years.

Based on dividend-adjusted daily data since Feb 2, 2012, first draft's average daily return is +0.08%, while the average monthly return is +1.60%. At this rate, an investment would double in approximately 3.6 years.

Historically, 51% of months were positive and 49% were negative. The best month was Dec 2020 with a return of +43.3%, while the worst month was Sep 2014 at -26.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, first draft closed higher 50% of trading days. The best single day was Jul 1, 2014 with a return of +24.6%, while the worst single day was Mar 18, 2020 at -14.7%.

first draft has an annualized alpha of 4.36%, beta of 1.14, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since February 02, 2012.

• This portfolio participated in 120.28% of S&P 500 Index downside but only 118.97% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.25 means this portfolio moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

first draft has an expense ratio of 0.21%, 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.

first draft ranks 45 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.

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. Learn how to interpret the Sharpe ratio.

The current first draft Sharpe ratio is 2.06 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 1.54 to 2.41, 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 first draft compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

first draft provided a 0.74% dividend yield over the last twelve months.

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.

The table below displays the maximum drawdowns of the first draft. 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 first draft was 77.23%, occurring on Jan 20, 2016. Recovery took 1242 trading sessions.

The current first draft drawdown is 24.49%.

The chart below shows the rolling one-month volatility.