Conviction Style Box and Diversified Asset Class ETF Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
VUG Vanguard Growth ETF	Large Cap Growth Equities	30%
FNDX Schwab Fundamental U.S. Large Company Index ETF	Large Cap Value Equities	22.50%
SHV iShares 0-1 Year Treasury Bond ETF	Government Bonds, Ultrashort Bond	10%
IJH iShares Core S&P Mid-Cap ETF	Mid Cap Blend Equities	10%
BNDX Vanguard Total International Bond ETF	Global Bonds	5%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	Commodities	5%
IAU iShares Gold Trust	Gold, Precious Metals	5%
VXUS Vanguard Total International Stock ETF	Global Equities	5%
VNQ Vanguard Real Estate ETF	REIT	5%
XLU State Street Utilities Select Sector SPDR ETF	Utilities Equities	2.50%

Benchmark Against

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 Conviction Style Box and Diversified Asset Class ETF Portfolio, 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 11, 2026, the Conviction Style Box and Diversified Asset Class ETF Portfolio returned 9.76% Year-To-Date and 12.66% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	1.75%	-0.09%	8.02%	7.15%	22.78%	19.45%	11.73%	13.53%
Portfolio Conviction Style Box and Diversified Asset Class ETF Portfolio	1.44%	-0.61%	9.76%	8.98%	22.55%	18.33%	11.05%	12.66%
Portfolio components:
BNDX Vanguard Total International Bond ETF	0.58%	1.01%	0.85%	0.99%	1.99%	4.13%	0.29%	1.69%
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.47%	1.97%	14.46%	13.13%	30.72%	20.21%	12.91%	14.32%
IAU iShares Gold Trust	3.05%	-10.80%	-2.51%	-1.75%	25.36%	28.71%	17.22%	12.31%
IJH iShares Core S&P Mid-Cap ETF	2.51%	2.96%	14.66%	11.74%	25.20%	15.52%	8.10%	11.45%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	-1.09%	-8.83%	30.11%	30.06%	36.08%	13.30%	11.21%	8.06%
SHV iShares 0-1 Year Treasury Bond ETF	0.02%	0.28%	1.51%	1.73%	3.89%	4.63%	3.34%	2.23%
VNQ Vanguard Real Estate ETF	-0.07%	0.95%	11.49%	11.16%	12.43%	10.04%	2.36%	5.53%
VUG Vanguard Growth ETF	1.77%	-1.66%	4.80%	3.81%	21.18%	23.60%	13.74%	17.88%
VXUS Vanguard Total International Stock ETF	3.33%	1.32%	13.24%	14.27%	28.59%	18.58%	8.24%	10.05%
XLU State Street Utilities Select Sector SPDR ETF	0.11%	-2.52%	3.91%	3.83%	11.99%	13.37%	9.18%	9.14%

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

Monthly Returns

Based on dividend-adjusted daily data since Nov 7, 2014, Conviction Style Box and Diversified Asset Class ETF Portfolio's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.

Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +9.9%, while the worst month was Mar 2020 at -11.5%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Conviction Style Box and Diversified Asset Class ETF Portfolio closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +7.1%, while the worst single day was Mar 16, 2020 at -9.6%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.57%	1.21%	-3.37%	8.10%	3.20%	-1.92%							9.76%
2025	2.69%	-0.81%	-3.38%	-0.43%	4.63%	3.74%	1.68%	2.10%	3.03%	1.73%	0.81%	-0.05%	16.61%
2024	0.22%	3.75%	3.22%	-3.14%	3.97%	2.02%	1.86%	1.71%	2.08%	-0.56%	4.53%	-2.52%	18.15%
2023	6.80%	-2.54%	2.92%	0.77%	-0.23%	5.15%	3.23%	-1.73%	-3.94%	-1.64%	7.50%	4.35%	21.77%
2022	-4.28%	-1.24%	2.93%	-6.43%	-0.13%	-6.97%	7.28%	-3.39%	-8.31%	5.51%	5.16%	-4.69%	-14.99%
2021	0.42%	2.19%	3.22%	4.59%	0.95%	1.51%	1.58%	2.00%	-3.38%	5.16%	-1.31%	3.67%	22.25%

Benchmark Metrics

Conviction Style Box and Diversified Asset Class ETF Portfolio has an annualized alpha of 1.96%, beta of 0.75, and R2 of 0.97 versus S&P 500 Index. Calculated based on daily prices since November 07, 2014.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (79.29%) than losses (77.18%) - typical of diversified or defensive assets.

Alpha: 1.96%

Beta: 0.75

R²: 0.97

Upside Capture: 79.29%

Downside Capture: 77.18%

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

Expense Ratio

Conviction Style Box and Diversified Asset Class ETF Portfolio has an expense ratio of 0.14%, 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.

PDBC

Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF

IAU

iShares Gold Trust

FNDX

Schwab Fundamental U.S. Large Company Index ETF

SHV

iShares 0-1 Year Treasury Bond ETF

VNQ

Vanguard Real Estate ETF

XLU

State Street Utilities Select Sector SPDR ETF

BNDX

Vanguard Total International Bond ETF

VXUS

Vanguard Total International Stock ETF

IJH

iShares Core S&P Mid-Cap ETF

VUG

Vanguard Growth ETF

Return for Risk

Risk / Return Rank

Conviction Style Box and Diversified Asset Class ETF Portfolio ranks 72 for risk / return — better than 72% 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 Conviction Style Box and Diversified Asset Class ETF Portfolio 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	2.35	1.85	+0.50
Sortino ratioReturn per unit of downside risk	3.23	2.52	+0.71
Omega ratioGain probability vs. loss probability	1.44	1.34	+0.10
Calmar ratioReturn relative to maximum drawdown	3.84	2.52	+1.32
Martin ratioReturn relative to average drawdown	17.19	11.31	+5.87

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
BNDX Vanguard Total International Bond ETF	20	0.58	0.84	1.10	0.68	1.90
FNDX Schwab Fundamental U.S. Large Company Index ETF	93	2.96	4.11	1.54	5.09	19.73
IAU iShares Gold Trust	30	0.94	1.30	1.19	1.04	3.04
IJH iShares Core S&P Mid-Cap ETF	62	1.59	2.33	1.28	2.87	10.47
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	72	1.93	2.54	1.34	4.11	10.05
SHV iShares 0-1 Year Treasury Bond ETF	100	19.48	149.19	53.64	430.34	2,413.95
VNQ Vanguard Real Estate ETF	32	0.92	1.35	1.17	1.50	4.71
VUG Vanguard Growth ETF	39	1.29	1.78	1.23	1.29	4.44
VXUS Vanguard Total International Stock ETF	65	1.79	2.46	1.33	2.55	9.77
XLU State Street Utilities Select Sector SPDR ETF	28	0.82	1.19	1.15	1.31	2.84

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.

The current Conviction Style Box and Diversified Asset Class ETF Portfolio Sharpe ratio is 2.35 as of Jun 11, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.43 to 2.26, 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 Conviction Style Box and Diversified Asset Class ETF Portfolio 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

Conviction Style Box and Diversified Asset Class ETF Portfolio provided a 1.70% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.70%	1.87%	2.04%	2.08%	2.13%	3.71%	1.35%	1.81%	1.95%	1.69%	1.95%	1.51%
Portfolio components:
BNDX Vanguard Total International Bond ETF	4.48%	4.39%	4.18%	4.42%	1.51%	3.74%	1.11%	3.40%	3.01%	2.23%	1.89%	1.63%
FNDX Schwab Fundamental U.S. Large Company Index ETF	1.45%	1.63%	1.76%	1.82%	2.07%	1.64%	2.29%	2.23%	2.40%	1.86%	2.01%	2.01%
IAU iShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IJH iShares Core S&P Mid-Cap ETF	1.18%	1.36%	1.33%	1.46%	1.68%	1.18%	1.28%	1.63%	1.72%	1.19%	1.60%	1.56%
PDBC Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	2.95%	3.84%	4.42%	4.21%	13.05%	50.83%	0.01%	1.40%	1.00%	3.83%	6.51%	0.00%
SHV iShares 0-1 Year Treasury Bond ETF	3.83%	4.09%	5.02%	4.73%	1.39%	0.00%	0.74%	2.19%	1.66%	0.72%	0.34%	0.03%
VNQ Vanguard Real Estate ETF	3.57%	3.92%	3.85%	3.95%	3.91%	2.56%	3.93%	3.39%	4.74%	4.23%	4.82%	3.92%
VUG Vanguard Growth ETF	0.39%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%
VXUS Vanguard Total International Stock ETF	2.68%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%
XLU State Street Utilities Select Sector SPDR ETF	2.70%	2.71%	2.96%	3.39%	2.92%	2.79%	3.14%	2.95%	3.33%	3.33%	3.41%	3.67%

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 Conviction Style Box and Diversified Asset Class ETF Portfolio. 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 Conviction Style Box and Diversified Asset Class ETF Portfolio was 28.49%, occurring on Mar 23, 2020. Recovery took 93 trading sessions.

The current Conviction Style Box and Diversified Asset Class ETF Portfolio drawdown is 3.62%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-28.49%Mar 2020	1mo 2d	4mo 14d	5mo 16dFeb 2020 - Aug 2020
Bear market2022	-20.09%Oct 2022	9mo 12d	1y 2mo	1y 11moJan 2022 - Dec 2023
Rate-hike selloffLate 2018	-15.03%Dec 2018	3mo 4d	3mo 9d	6mo 13dSep 2018 - Apr 2019
2025 selloff2025	-14.51%Apr 2025	1mo 17d	2mo 3d	3mo 20dFeb 2025 - Jun 2025
2016 correction2016	-12.16%Feb 2016	8mo 28d	3mo 26d	1y 19dMay 2015 - Jun 2016

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 10 assets, with an effective number of assets of 5.76, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest. Rebalancing toward more even weights — or adding less correlated assets — could reduce risk.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.37	1.26	1.22	1.19	1.19

The portfolio has a diversification ratio of 1.19, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

Conviction Style Box and Diversified Asset Class ETF Portfolio correlation to the S&P 500 Index

Conviction Style Box and Diversified Asset Class ETF Portfolio has a 0.95 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Nov 7, 2014	0.97

Benchmark Correlations

Correlation vs. S&P 500 Index. VUG has the highest benchmark correlation at 0.94, while SHV has the lowest at -0.03.

-0.03

0.03

0.03

0.25

0.38

0.58

0.80

0.85

0.91

0.94

Portfolio Correlations

Correlation vs. Conviction Style Box and Diversified Asset Class ETF Portfolio. FNDX has the highest portfolio correlation at 0.92, while SHV has the lowest at -0.01.

-0.01

0.07

0.15

0.34

0.42

0.65

0.84

0.90

0.91

0.92

Asset Correlations Table

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

	SHV	BNDX	IAU	PDBC	XLU	VNQ	VUG	VXUS	IJH	FNDX
SHV	1.00	0.15	0.13	-0.05	0.05	0.03	-0.03	-0.00	-0.04	-0.04
BNDX	0.15	1.00	0.27	-0.12	0.21	0.20	0.06	0.05	0.01	-0.01
IAU	0.13	0.27	1.00	0.22	0.15	0.12	0.03	0.20	0.03	0.03
PDBC	-0.05	-0.12	0.22	1.00	0.07	0.11	0.19	0.33	0.27	0.33
XLU	0.05	0.21	0.15	0.07	1.00	0.60	0.28	0.32	0.36	0.41
VNQ	0.03	0.20	0.12	0.11	0.60	1.00	0.49	0.52	0.64	0.62
VUG	-0.03	0.06	0.03	0.19	0.28	0.49	1.00	0.73	0.74	0.75
VXUS	-0.00	0.05	0.20	0.33	0.32	0.52	0.73	1.00	0.75	0.78
IJH	-0.04	0.01	0.03	0.27	0.36	0.64	0.74	0.75	1.00	0.91
FNDX	-0.04	-0.01	0.03	0.33	0.41	0.62	0.75	0.78	0.91	1.00

The correlation results are calculated based on daily price changes starting from Nov 7, 2014

Diversification Analysis

Find what Conviction Style Box and Diversified Asset Class ETF Portfolio is missing

See which holdings overlap, where Conviction Style Box and Diversified Asset Class ETF Portfolio is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification