45+ Apr-May SPHQ 30, FDL 25, SPMO 45

Asset Allocation

Position	Category/Sector	Target Weight
SPMO Invesco S&P 500 Momentum ETF	Momentum, S&P 500	45%
SPHQ Invesco S&P 500 Quality ETF	S&P 500, Large Cap Blend Equities	30%
FDL First Trust Morningstar Dividend Leaders Index Fund	Large Cap Value Equities, Dividend	25%

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 45+ Apr-May SPHQ 30, FDL 25, SPMO 45, 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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Returns By Period

As of Jul 21, 2026, the 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 returned 20.11% Year-To-Date and 16.59% of annualized return in the last 10 years.

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	-0.19%	-0.76%	7.25%	8.73%	18.21%	17.95%	11.30%	13.09%	8.08%
Portfolio 45+ Apr-May SPHQ 30, FDL 25, SPMO 45	-0.04%	-4.83%	17.57%	20.11%	27.15%	28.13%	17.29%	16.59%	16.43%
Portfolio components:
FDL First Trust Morningstar Dividend Leaders Index Fund	-0.51%	4.67%	12.53%	16.72%	24.72%	18.15%	13.97%	10.85%	8.89%
SPHQ Invesco S&P 500 Quality ETF	-0.29%	-5.19%	9.75%	13.32%	19.87%	19.39%	12.86%	14.40%	10.02%
SPMO Invesco S&P 500 Momentum ETF	0.44%	-9.48%	20.96%	21.65%	28.03%	37.58%	20.52%	20.24%	19.04%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 12, 2015, 45+ Apr-May SPHQ 30, FDL 25, SPMO 45's average daily return is +0.07%, while the average monthly return is +1.35%. At this rate, an investment would double in approximately 4.3 years.

Historically, 72% of months were positive and 28% were negative. The best month was Oct 2022 with a return of +12.1%, while the worst month was Mar 2020 at -11.0%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -12.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.13%	3.06%	-4.42%	11.10%	7.39%	4.91%	-5.55%						20.11%
2025	4.39%	1.53%	-4.80%	-0.43%	7.52%	4.07%	1.57%	2.08%	1.88%	0.18%	0.55%	0.40%	20.10%
2024	3.58%	6.97%	4.62%	-4.35%	5.91%	4.35%	1.55%	3.22%	1.54%	-0.56%	5.66%	-3.18%	32.67%
2023	2.19%	-3.65%	1.96%	2.06%	-4.58%	5.54%	3.36%	0.28%	-2.55%	-2.60%	8.18%	5.66%	16.04%
2022	-3.56%	-1.86%	3.01%	-6.54%	2.77%	-8.97%	7.06%	-3.02%	-8.09%	12.05%	4.85%	-3.64%	-7.91%
2021	-0.43%	1.08%	4.09%	4.32%	0.50%	4.02%	2.02%	3.08%	-4.13%	5.91%	-2.22%	5.14%	25.44%

Benchmark Metrics

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 has an annualized alpha of 4.36%, beta of 0.90, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since October 12, 2015.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.93%) than losses (82.70%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.36% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
With beta of 0.90 and R2 of 0.90, this portfolio moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

Alpha: 4.36%

Beta: 0.90

R²: 0.90

Upside Capture: 99.93%

Downside Capture: 82.70%

See how alpha, beta & R² have trended over time →

Expense Ratio

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 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.

FDL

First Trust Morningstar Dividend Leaders Index Fund

SPHQ

Invesco S&P 500 Quality ETF

SPMO

Invesco S&P 500 Momentum ETF

Return for Risk

Risk / Return Rank

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 ranks 78 for risk / return — better than 78% 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

The table below presents risk-adjusted performance metrics for 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 and compares them with S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	1.91	1.45	+0.46
Sortino ratioReturn per unit of downside risk	2.64	2.03	+0.62
Omega ratioGain probability vs. loss probability	1.35	1.26	+0.09
Calmar ratioReturn relative to maximum drawdown	3.91	2.01	+1.90
Martin ratioReturn relative to average drawdown	14.89	8.68	+6.21

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
FDL First Trust Morningstar Dividend Leaders Index Fund	88	2.11	3.24	1.37	5.81	13.25
SPHQ Invesco S&P 500 Quality ETF	58	1.40	2.03	1.24	2.24	8.82
SPMO Invesco S&P 500 Momentum ETF	52	1.25	1.75	1.24	2.22	7.41

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. Learn how to interpret the Sharpe ratio.

The current 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Sharpe ratio is 1.91 as of Jul 21, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.20 to 1.99, 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 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 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

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 provided a 1.57% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.57%	1.66%	1.80%	2.31%	2.20%	1.74%	2.16%	2.02%	2.02%	1.61%	2.11%	1.76%
Portfolio components:
FDL First Trust Morningstar Dividend Leaders Index Fund	3.63%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
SPHQ Invesco S&P 500 Quality ETF	1.10%	1.09%	1.15%	1.42%	1.85%	1.19%	1.55%	1.51%	1.85%	1.57%	1.67%	2.29%
SPMO Invesco S&P 500 Momentum ETF	0.73%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%

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 45+ Apr-May SPHQ 30, FDL 25, SPMO 45. 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 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 was 33.12%, occurring on Mar 23, 2020. Recovery took 94 trading sessions.

The current 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 drawdown is 5.55%.

Drawdown	Fall	Recovery	Underwater	Related event
-33.12%Mar 2020	1mo 2d	4mo 15d	5mo 17dFeb 2020 - Aug 2020	COVID crash2020
-19.77%Dec 2018	2mo 23d	3mo 15d	6mo 8dOct 2018 - Apr 2019	Rate-hike selloffLate 2018
-19.71%Sep 2022	8mo 28d	1y 2mo	1y 11moJan 2022 - Dec 2023	Bear market2022
-16.47%Apr 2025	1mo 17d	1mo 8d	2mo 25dFeb 2025 - May 2025	2025 selloff2025
-9.46%Feb 2018	10d	5mo 17d	5mo 27dJan 2018 - Jul 2018	—

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 2.82, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.26	1.16	1.12	1.09	1.09

The portfolio has a diversification ratio of 1.09, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 correlation to the S&P 500 Index

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 has a 0.86 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Oct 12, 2015	0.91

Benchmark Correlations

Correlation vs. S&P 500 Index. SPHQ has the highest benchmark correlation at 0.93, while FDL has the lowest at 0.64.

FDL

0.64

SPMO

0.78

SPHQ

0.93

Portfolio Correlations

Correlation vs. 45+ Apr-May SPHQ 30, FDL 25, SPMO 45. SPHQ has the highest portfolio correlation at 0.93, while FDL has the lowest at 0.68.

FDL

0.68

SPMO

0.90

SPHQ

0.93

Asset Correlations Table

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

	FDL	SPMO	SPHQ
FDL	1.00	0.41	0.65
SPMO	0.41	1.00	0.77
SPHQ	0.65	0.77	1.00

The correlation results are calculated based on daily price changes starting from Oct 12, 2015

Diversification Analysis

Find what 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 is missing

See which holdings overlap, where 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification