Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
GLD SPDR Gold Shares | Gold, Precious Metals | 10% |
O Realty Income Corporation | Real Estate | 10% |
QQQ Invesco QQQ ETF | Large Cap Growth Equities | 70% |
TLT iShares 20+ Year Treasury Bond ETF | Government Bonds, Long-Term Bond | 10% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Test 2 70/30 + REITs, 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 Nov 18, 2004, corresponding to the inception date of GLD
Returns By Period
As of Apr 10, 2026, the Test 2 70/30 + REITs returned 2.25% Year-To-Date and 16.13% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.62% | 0.64% | -0.30% | 1.33% | 25.06% | 18.43% | 10.57% | 12.82% |
Portfolio Test 2 70/30 + REITs | 0.60% | -0.85% | 2.25% | 3.28% | 30.23% | 21.56% | 11.91% | 16.13% |
| Portfolio components: | ||||||||
GLD SPDR Gold Shares | 0.78% | -8.36% | 10.50% | 19.83% | 53.45% | 33.25% | 21.81% | 13.82% |
TLT iShares 20+ Year Treasury Bond ETF | -0.25% | -1.40% | 0.58% | -0.60% | 1.98% | -2.85% | -5.77% | -1.43% |
O Realty Income Corporation | 0.65% | -2.16% | 13.58% | 10.70% | 23.70% | 6.02% | 5.21% | 5.17% |
QQQ Invesco QQQ ETF | 0.68% | 0.52% | -0.55% | 0.17% | 31.58% | 25.01% | 13.28% | 19.70% |
Monthly Returns
Based on dividend-adjusted daily data since Nov 19, 2004, Test 2 70/30 + REITs's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, your investment would double in approximately 5.1 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +12.4%, while the worst month was Oct 2008 at -13.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Test 2 70/30 + REITs closed higher 56% of trading days. The best single day was Oct 28, 2008 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.99% | 0.85% | -5.85% | 4.57% | 2.25% | ||||||||
| 2025 | 2.53% | -0.63% | -4.10% | 1.40% | 5.90% | 5.08% | 1.31% | 1.67% | 5.70% | 3.47% | -0.56% | -0.66% | 22.71% |
| 2024 | 0.43% | 3.23% | 2.22% | -3.45% | 4.61% | 4.70% | 0.66% | 2.14% | 2.81% | -1.33% | 3.43% | -1.03% | 19.65% |
| 2023 | 9.52% | -1.77% | 7.95% | 0.44% | 4.61% | 4.43% | 2.92% | -2.23% | -5.80% | -1.73% | 10.19% | 5.59% | 38.12% |
| 2022 | -6.94% | -3.04% | 3.25% | -10.61% | -1.81% | -6.30% | 9.62% | -5.10% | -9.96% | 2.77% | 5.56% | -6.21% | -26.97% |
| 2021 | -0.97% | -1.03% | 1.21% | 5.67% | -0.17% | 3.82% | 3.19% | 3.21% | -5.59% | 6.90% | 1.49% | 1.51% | 20.30% |
Benchmark Metrics
Test 2 70/30 + REITs has an annualized alpha of 6.22%, beta of 0.80, and R² of 0.85 versus S&P 500 Index. Calculated based on daily prices since November 19, 2004.
- This portfolio captured 100.93% of S&P 500 Index gains but only 77.62% of its losses — a favorable profile for investors.
- This portfolio generated an annualized alpha of 6.22% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.22%
- Beta
- 0.80
- R²
- 0.85
- Upside Capture
- 100.93%
- Downside Capture
- 77.62%
Expense Ratio
Test 2 70/30 + REITs has an expense ratio of 0.18%, 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.
Return for Risk
Risk / Return Rank
Test 2 70/30 + REITs ranks 52 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.36 | 1.84 | +0.53 |
Sortino ratioReturn per unit of downside risk | 3.15 | 2.53 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.35 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 4.10 | 3.83 | +0.28 |
Martin ratioReturn relative to average drawdown | 17.71 | 16.98 | +0.73 |
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 | |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 45 | 1.96 | 2.37 | 1.36 | 3.12 | 10.84 |
TLT iShares 20+ Year Treasury Bond ETF | 8 | 0.19 | 0.33 | 1.04 | 0.10 | 0.22 |
O Realty Income Corporation | 69 | 1.53 | 2.09 | 1.26 | 2.36 | 7.02 |
QQQ Invesco QQQ ETF | 48 | 1.81 | 2.43 | 1.33 | 3.74 | 14.02 |
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Dividends
Dividend yield
Test 2 70/30 + REITs provided a 1.29% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.29% | 1.38% | 1.36% | 1.30% | 1.30% | 0.84% | 0.99% | 1.12% | 1.32% | 1.27% | 1.42% | 1.39% |
| Portfolio components: | ||||||||||||
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.51% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
O Realty Income Corporation | 5.12% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
QQQ Invesco QQQ ETF | 0.46% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
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 Test 2 70/30 + REITs. 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 Test 2 70/30 + REITs was 42.51%, occurring on Nov 20, 2008. Recovery took 329 trading sessions.
The current Test 2 70/30 + REITs drawdown is 2.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.51% | Nov 1, 2007 | 267 | Nov 20, 2008 | 329 | Mar 16, 2010 | 596 |
| -30.75% | Nov 22, 2021 | 226 | Oct 14, 2022 | 300 | Dec 26, 2023 | 526 |
| -23.6% | Feb 20, 2020 | 22 | Mar 20, 2020 | 51 | Jun 3, 2020 | 73 |
| -16.39% | Feb 20, 2025 | 34 | Apr 8, 2025 | 37 | Jun 2, 2025 | 71 |
| -14.68% | Aug 30, 2018 | 80 | Dec 24, 2018 | 52 | Mar 12, 2019 | 132 |
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 4 assets, with an effective number of assets of 1.92, 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
| Benchmark | GLD | TLT | O | QQQ | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.06 | -0.25 | 0.47 | 0.89 | 0.89 |
| GLD | 0.06 | 1.00 | 0.17 | 0.09 | 0.05 | 0.18 |
| TLT | -0.25 | 0.17 | 1.00 | 0.01 | -0.20 | -0.08 |
| O | 0.47 | 0.09 | 0.01 | 1.00 | 0.37 | 0.52 |
| QQQ | 0.89 | 0.05 | -0.20 | 0.37 | 1.00 | 0.96 |
| Portfolio | 0.89 | 0.18 | -0.08 | 0.52 | 0.96 | 1.00 |