Dynamic ETF Series Modified

Asset Allocation

Position	Category/Sector	Target Weight
BND Vanguard Total Bond Market ETF	Total Bond Market	2.90%
BNDX Vanguard Total International Bond ETF	Global Bonds	4.40%
VB Vanguard Small-Cap ETF	Small Cap Growth Equities	10.90%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	Corporate Bonds	4.80%
VEA Vanguard FTSE Developed Markets ETF	Foreign Large Cap Equities	23.75%
VGLT Vanguard Long-Term Treasury ETF	Government Bonds, Long-Term Bond	1.60%
VGSH Vanguard Short-Term Treasury ETF	Government Bonds, Short-Term Bond	1%
VMFXX Vanguard Federal Money Market Fund	Money Market	2%
VTV Vanguard Value ETF	Large Cap Value Equities	28.48%
VUG Vanguard Growth ETF	Large Cap Growth Equities	12.22%
VWO Vanguard FTSE Emerging Markets ETF	Emerging Markets Equities	7.95%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Dynamic ETF Series Modified, 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 May 25, 2021, corresponding to the inception date of VMFXX

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.44%	-1.90%	-3.41%	-1.91%	30.31%	17.22%	10.14%	12.44%
Portfolio Dynamic ETF Series Modified	0.40%	-0.60%	1.60%	3.46%	28.95%	14.43%	—	—
Portfolio components:
VTV Vanguard Value ETF	0.43%	-0.55%	4.16%	6.74%	28.76%	15.18%	10.89%	12.04%
VUG Vanguard Growth ETF	0.46%	-2.95%	-8.87%	-8.24%	33.53%	22.17%	11.31%	16.33%
VB Vanguard Small-Cap ETF	0.32%	0.49%	3.32%	3.59%	34.05%	14.52%	5.76%	10.83%
VWO Vanguard FTSE Emerging Markets ETF	0.35%	-0.84%	0.47%	0.17%	31.77%	13.62%	3.99%	7.88%
VEA Vanguard FTSE Developed Markets ETF	0.74%	-0.08%	4.42%	8.43%	43.21%	16.56%	8.74%	9.55%
BND Vanguard Total Bond Market ETF	-0.15%	-0.70%	0.16%	1.05%	3.49%	3.25%	0.25%	1.64%
VGSH Vanguard Short-Term Treasury ETF	-0.12%	-0.28%	0.22%	1.22%	3.22%	3.82%	1.78%	1.72%
VGLT Vanguard Long-Term Treasury ETF	-0.13%	-1.64%	0.22%	0.19%	-1.52%	-2.21%	-4.74%	-0.93%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	-0.17%	-0.82%	-0.21%	0.80%	5.87%	5.30%	1.44%	3.05%
BNDX Vanguard Total International Bond ETF	-0.17%	-0.93%	-0.25%	0.16%	1.91%	3.67%	0.12%	1.70%

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

Monthly Returns

Based on dividend-adjusted daily data since May 26, 2021, Dynamic ETF Series Modified's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, your investment would double in approximately 8.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +7.7%, while the worst month was Sep 2022 at -8.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Dynamic ETF Series Modified closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +6.5%, while the worst single day was Apr 4, 2025 at -4.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.52%	2.84%	-5.50%	0.99%									1.60%
2025	3.11%	0.23%	-2.30%	-0.02%	4.07%	3.75%	0.44%	3.02%	2.58%	1.05%	0.88%	0.94%	19.03%
2024	-0.38%	3.20%	3.30%	-3.40%	3.54%	0.62%	3.07%	2.05%	1.98%	-2.24%	3.79%	-3.76%	11.94%
2023	6.50%	-3.08%	1.72%	1.17%	-2.01%	4.97%	3.14%	-2.71%	-3.73%	-2.86%	7.70%	5.27%	16.26%
2022	-3.50%	-1.90%	1.02%	-6.54%	0.85%	-7.04%	5.81%	-3.60%	-8.31%	6.01%	7.40%	-3.49%	-13.89%
2021					0.67%	0.59%	0.39%	1.70%	-3.36%	3.95%	-2.50%	3.62%	4.92%

Benchmark Metrics

Dynamic ETF Series Modified has an annualized alpha of 0.25%, beta of 0.72, and R² of 0.89 versus S&P 500 Index. Calculated based on daily prices since May 26, 2021.

This portfolio participated in 82.19% of S&P 500 Index downside but only 74.24% of its upside — more exposed to losses than it benefited from rallies.

Alpha: 0.25%

Beta: 0.72

R²: 0.89

Upside Capture: 74.24%

Downside Capture: 82.19%

Expense Ratio

Dynamic ETF Series Modified has an expense ratio of 0.04%, 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

VWO

Vanguard FTSE Emerging Markets ETF

BNDX

Vanguard Total International Bond ETF

Vanguard Small-Cap ETF

VTV

Vanguard Value ETF

VCIT

Vanguard Intermediate-Term Corporate Bond ETF

VUG

Vanguard Growth ETF

VEA

Vanguard FTSE Developed Markets ETF

BND

Vanguard Total Bond Market ETF

VGSH

Vanguard Short-Term Treasury ETF

VGLT

Vanguard Long-Term Treasury ETF

Return for Risk

Risk / Return Rank

Dynamic ETF Series Modified ranks 70 for risk / return — better than 70% 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.32	1.84	+0.47
Sortino ratio Return per unit of downside risk	3.60	2.97	+0.63
Omega ratio Gain probability vs. loss probability	1.48	1.40	+0.08
Calmar ratio Return relative to maximum drawdown	2.38	1.82	+0.55
Martin ratio Return relative to average drawdown	9.63	7.76	+1.87
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
VTV Vanguard Value ETF	83	2.22	3.50	1.44	2.11	8.71
VUG Vanguard Growth ETF	63	1.61	2.56	1.33	1.10	3.95
VB Vanguard Small-Cap ETF	75	1.70	2.63	1.33	2.13	7.43
VWO Vanguard FTSE Emerging Markets ETF	76	1.90	2.71	1.37	1.98	7.00
VEA Vanguard FTSE Developed Markets ETF	89	2.67	3.79	1.51	2.70	10.59
BND Vanguard Total Bond Market ETF	40	0.82	1.17	1.15	1.68	4.54
VGSH Vanguard Short-Term Treasury ETF	94	2.33	3.60	1.48	4.18	15.53
VGLT Vanguard Long-Term Treasury ETF	9	-0.15	-0.13	0.98	0.01	0.01
VCIT Vanguard Intermediate-Term Corporate Bond ETF	60	1.22	1.71	1.23	1.99	6.85
BNDX Vanguard Total International Bond ETF	27	0.60	0.85	1.11	0.84	3.28

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.

Dynamic ETF Series Modified Sharpe ratios as of Apr 7, 2026 (values are recalculated daily):

1-Year: 2.32
All Time: 0.58

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 1.63 to 2.54, 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 Dynamic ETF Series Modified 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

Dynamic ETF Series Modified provided a 2.39% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.39%	2.48%	2.56%	2.61%	2.34%	2.16%	1.87%	2.41%	2.59%	2.16%	2.32%	2.38%
Portfolio components:
VTV Vanguard Value ETF	2.01%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%
VUG Vanguard Growth ETF	0.45%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%
VB Vanguard Small-Cap ETF	1.32%	1.33%	1.30%	1.55%	1.59%	1.24%	1.14%	1.39%	1.67%	1.35%	1.50%	1.48%
VWO Vanguard FTSE Emerging Markets ETF	2.69%	2.79%	3.20%	3.52%	4.11%	2.63%	1.91%	3.23%	2.88%	2.30%	2.52%	3.26%
VEA Vanguard FTSE Developed Markets ETF	2.88%	3.22%	3.35%	3.15%	2.91%	3.16%	2.04%	3.04%	3.35%	2.77%	3.05%	2.92%
BND Vanguard Total Bond Market ETF	3.93%	3.86%	3.67%	3.09%	2.60%	2.12%	2.38%	2.72%	2.81%	2.54%	2.51%	2.57%
VGSH Vanguard Short-Term Treasury ETF	3.93%	4.00%	4.18%	3.31%	1.15%	0.66%	1.74%	2.28%	1.79%	1.10%	0.84%	0.69%
VGLT Vanguard Long-Term Treasury ETF	4.52%	4.44%	4.33%	3.33%	2.84%	1.82%	2.15%	2.46%	2.71%	2.55%	2.69%	3.21%
VCIT Vanguard Intermediate-Term Corporate Bond ETF	4.75%	4.62%	4.43%	3.72%	3.03%	2.87%	2.78%	3.37%	3.61%	3.21%	3.29%	3.34%
BNDX Vanguard Total International Bond ETF	4.47%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%

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 Dynamic ETF Series Modified. 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 Dynamic ETF Series Modified was 22.34%, occurring on Oct 12, 2022. Recovery took 331 trading sessions.

The current Dynamic ETF Series Modified drawdown is 4.81%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-22.34%	Nov 9, 2021	233	Oct 12, 2022	331	Feb 7, 2024	564
-12.82%	Feb 19, 2025	35	Apr 8, 2025	27	May 16, 2025	62
-7.95%	Feb 26, 2026	23	Mar 30, 2026	—	—	—
-5.71%	Jul 17, 2024	14	Aug 5, 2024	12	Aug 21, 2024	26
-4.86%	Dec 9, 2024	22	Jan 10, 2025	23	Feb 13, 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 11 assets, with an effective number of assets of 5.67, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

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	VMFXX	VGSH	VGLT	BNDX	VWO	BND	VUG	VTV	VCIT	VB	VEA	Portfolio
Benchmark	1.00	0.03	0.04	0.06	0.15	0.62	0.17	0.94	0.81	0.28	0.85	0.78	0.92
VMFXX	0.03	1.00	0.09	0.04	0.07	-0.05	0.05	0.01	0.05	0.04	0.02	-0.02	0.02
VGSH	0.04	0.09	1.00	0.64	0.67	0.06	0.79	0.04	0.04	0.76	0.05	0.14	0.13
VGLT	0.06	0.04	0.64	1.00	0.78	0.04	0.94	0.06	0.05	0.85	0.07	0.12	0.14
BNDX	0.15	0.07	0.67	0.78	1.00	0.11	0.82	0.15	0.13	0.79	0.14	0.20	0.23
VWO	0.62	-0.05	0.06	0.04	0.11	1.00	0.14	0.59	0.54	0.22	0.61	0.77	0.75
BND	0.17	0.05	0.79	0.94	0.82	0.14	1.00	0.16	0.15	0.96	0.17	0.24	0.26
VUG	0.94	0.01	0.04	0.06	0.15	0.59	0.16	1.00	0.60	0.27	0.73	0.69	0.81
VTV	0.81	0.05	0.04	0.05	0.13	0.54	0.15	0.60	1.00	0.25	0.85	0.74	0.88
VCIT	0.28	0.04	0.76	0.85	0.79	0.22	0.96	0.27	0.25	1.00	0.28	0.35	0.38
VB	0.85	0.02	0.05	0.07	0.14	0.61	0.17	0.73	0.85	0.28	1.00	0.77	0.92
VEA	0.78	-0.02	0.14	0.12	0.20	0.77	0.24	0.69	0.74	0.35	0.77	1.00	0.92
Portfolio	0.92	0.02	0.13	0.14	0.23	0.75	0.26	0.81	0.88	0.38	0.92	0.92	1.00

The correlation results are calculated based on daily price changes starting from May 26, 2021

Dynamic ETF Series Modified

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