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45+ Apr-May SPHQ 30, FDL 25, SPMO 45
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Diversification

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

Currency in USD · Last updated Jun 6, 2026

Asset Allocation

SPMO 45.00%SPHQ 30.00%FDL 25.00%EquityEquity
PositionCategory/SectorTarget 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%

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 Jun 6, 2026, the 45+ Apr-May SPHQ 30, FDL 25, SPMO 45 returned 20.22% Year-To-Date and 16.83% of annualized return in the last 10 years.

Position1D1MYTD6M1Y3Y*5Y*10Y*
Benchmark
S&P 500 Index
0.30%0.09%8.18%8.17%23.42%19.88%11.91%13.45%
Portfolio
45+ Apr-May SPHQ 30, FDL 25, SPMO 45
1.36%2.97%20.22%20.55%31.92%30.05%18.42%16.83%
Portfolio components:
FDL
First Trust Morningstar Dividend Leaders Index Fund		-0.28%2.37%14.10%16.20%24.24%18.72%12.80%11.16%
SPHQ
Invesco S&P 500 Quality ETF		0.58%3.64%14.28%15.48%21.15%22.07%14.25%14.91%
SPMO
Invesco S&P 500 Momentum ETF		2.50%2.83%24.29%22.86%39.53%40.28%23.06%20.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 13, 2015, 45+ Apr-May SPHQ 30, FDL 25, SPMO 45's average daily return is +0.07%, while the average monthly return is +1.36%. At this rate, an investment would double in approximately 4.3 years.

Historically, 71% of months were positive and 29% 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%.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20263.13%3.06%-4.42%11.10%7.39%-0.82%20.22%
20254.39%1.53%-4.80%-0.43%7.52%4.07%1.57%2.08%1.88%0.18%0.55%0.40%20.10%
20243.58%6.97%4.62%-4.35%5.91%4.35%1.55%3.22%1.54%-0.56%5.66%-3.18%32.67%
20232.19%-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 4.49%, beta of 0.90, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since October 13, 2015.

  • This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (99.98%) than losses (82.52%) - typical of diversified or defensive assets.
  • This portfolio generated an annualized alpha of 4.49% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
  • With beta of 0.90 and R2 of 0.91, 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
4.49%
Beta
0.90
R²
0.91
Upside Capture
99.98%
Downside Capture
82.52%

Expense Ratio

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 has an expense ratio of 0.22%, 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 75 for risk / return — better than 75% 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.

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Risk / Return Rank: 7575
Overall Rank
45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Sortino Ratio Rank: 6666
Sortino Ratio Rank
45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Omega Ratio Rank: 7373
Omega Ratio Rank
45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Calmar Ratio Rank: 8181
Calmar Ratio Rank
45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Martin Ratio Rank: 8787
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.

PortfolioBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

2.60

1.94

+0.66

Sortino ratioReturn per unit of downside risk

3.54

2.63

+0.92

Omega ratioGain probability vs. loss probability

1.49

1.35

+0.13

Calmar ratioReturn relative to maximum drawdown

4.60

2.59

+2.01

Martin ratioReturn relative to average drawdown

20.58

11.84

+8.74

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.

PositionRisk / Return RankSharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
FDL
First Trust Morningstar Dividend Leaders Index Fund		802.173.341.385.7013.84
SPHQ
Invesco S&P 500 Quality ETF		551.662.391.282.3910.19
SPMO
Invesco S&P 500 Momentum ETF		712.132.811.393.1312.02

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.

45+ Apr-May SPHQ 30, FDL 25, SPMO 45 Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

  • 1-Year: 2.60
  • 5-Year: 1.18
  • 10-Year: 0.97
  • All Time: 0.98

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 1.64 to 2.53, 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 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 1.54% dividend yield over the last twelve months.

PositionTTM20252024202320222021202020192018201720162015
Portfolio1.54%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		3.65%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		1.05%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		0.69%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 3.88%.

Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-33.12%Mar 2020
1mo 2d4mo 15d
5mo 17dFeb 2020 - Aug 2020
Rate-hike selloffLate 2018
-19.77%Dec 2018
2mo 23d3mo 15d
6mo 8dOct 2018 - Apr 2019
Bear market2022
-19.71%Sep 2022
8mo 28d1y 2mo
1y 11moJan 2022 - Dec 2023
2025 selloff2025
-16.47%Apr 2025
1mo 17d1mo 8d
2mo 25dFeb 2025 - May 2025
2018 pullback2018
-9.46%Feb 2018
10d5mo 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

1.24

1.14

1.11

1.08

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 0.88 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

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.92

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Oct 13, 2015

0.91

Benchmark Correlations

Correlation vs. S&P 500 Index. SPHQ has the highest benchmark correlation at 0.94, while FDL has the lowest at 0.66.

FDL
0.66
SPMO
0.78
SPHQ
0.94

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 0.70.

FDL
0.70
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.
FDLSPMOSPHQ
FDL1.000.430.66
SPMO0.431.000.77
SPHQ0.660.771.00
The correlation results are calculated based on daily price changes starting from Oct 13, 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