Top Picks

Asset Allocation

Position	Category/Sector	Target Weight
SPY State Street SPDR S&P 500 ETF	S&P 500	30%
QQQ Invesco QQQ ETF	Nasdaq-100	15%
JNJ Johnson & Johnson	Healthcare	4%
GOOGL Alphabet Inc. Class A	Communication Services	4%
NVDA NVIDIA Corporation	Technology	4%
AMD Advanced Micro Devices, Inc.	Technology	4%
META Meta Platforms, Inc.	Communication Services	4%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	3.50%
QCOM QUALCOMM Incorporated	Technology	3.50%
ASML ASML Holding N.V.	Technology	2.50%
IWM iShares Russell 2000 ETF	Small Cap Blend Equities	2.50%
CIFR Cipher Digital Inc.	Technology	2%
LRCX Lam Research Corporation	Technology	2%
IREN IREN Limited	Financial Services	2%
TSLA Tesla, Inc.	Consumer Cyclical	2%
AMZN Amazon.com, Inc	Consumer Cyclical	2%
AVGO Broadcom Inc.	Technology	2%
MSFT Microsoft Corporation	Technology	2%
FBTC Fidelity Wise Origin Bitcoin Fund	Cryptocurrency	1.50%
AAPL Apple Inc	Technology	1.50%
AMAT Applied Materials, Inc.	Technology	1.50%
IBM International Business Machines Corporation	Technology	1.50%
MU Micron Technology, Inc.	Technology	1.50%
KLAC KLA Corporation	Technology	1.50%

Benchmark

S&P 500 Index

Rebalance

Portfolio Optimizer

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Top Picks, 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

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 Top Picks	0.55%	-5.42%	17.53%	24.24%	54.70%	—	—	—	41.90%
Portfolio components:
AAPL Apple Inc	-2.14%	9.59%	28.05%	20.35%	55.26%	19.94%	18.17%	30.70%	19.46%
AMAT Applied Materials, Inc.	-0.75%	-14.81%	61.16%	105.07%	178.07%	58.07%	31.77%	36.36%	20.75%
AMD Advanced Micro Devices, Inc.	1.58%	-6.29%	117.22%	135.14%	220.77%	65.57%	41.30%	56.16%	9.74%
AMZN Amazon.com, Inc	1.12%	2.29%	4.55%	8.31%	10.55%	24.35%	6.88%	20.97%	29.87%
ASML ASML Holding N.V.	-0.49%	-9.88%	28.45%	63.12%	138.60%	37.24%	20.47%	33.59%	27.03%
AVGO Broadcom Inc.	1.98%	-7.92%	7.92%	9.67%	34.44%	63.51%	54.04%	40.73%	40.58%
CIFR Cipher Digital Inc.	16.97%	-29.61%	9.26%	39.16%	222.96%	67.89%	—	—	15.38%
FBTC Fidelity Wise Origin Bitcoin Fund	1.56%	3.51%	-31.89%	-25.63%	-44.68%	—	—	—	12.64%
GOOGL Alphabet Inc. Class A	1.51%	-4.36%	6.80%	12.60%	90.75%	43.56%	22.73%	25.05%	25.38%
IBM International Business Machines Corporation	0.16%	-14.49%	-29.40%	-27.15%	-23.58%	19.09%	13.91%	7.64%	7.00%

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

Monthly Returns

Based on dividend-adjusted daily data since Jan 11, 2024, Top Picks's average daily return is +0.15%, while the average monthly return is +3.08%. At this rate, an investment would double in approximately 1.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +17.9%, while the worst month was Mar 2025 at -7.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.

On a daily basis, Top Picks closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +12.5%, while the worst single day was Apr 3, 2025 at -6.4%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	5.73%	-2.86%	-5.91%	17.88%	13.64%	0.76%	-4.75%						24.24%
2025	4.35%	-5.27%	-7.45%	0.32%	10.19%	11.30%	3.58%	3.89%	12.34%	8.69%	-1.27%	-0.68%	45.02%
2024	2.22%	9.42%	4.08%	-5.33%	8.47%	6.81%	-0.95%	-0.51%	3.02%	-0.95%	6.23%	-1.65%	34.13%

Benchmark Metrics

Top Picks has an annualized alpha of 11.49%, beta of 1.45, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since January 11, 2024.

This portfolio captured 216.26% of S&P 500 Index gains and 137.50% of its losses - amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 11.49% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 11.49%

Beta: 1.45

R²: 0.85

Upside Capture: 216.26%

Downside Capture: 137.50%

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

Expense Ratio

Top Picks has an expense ratio of 0.06%, 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.

FBTC

Fidelity Wise Origin Bitcoin Fund

IWM

iShares Russell 2000 ETF

QQQ

Invesco QQQ ETF

SPY

State Street SPDR S&P 500 ETF

Return for Risk

Risk / Return Rank

Top Picks ranks 85 for risk / return — in the top 85% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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 Top Picks 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	2.36	1.45	+0.91
Sortino ratioReturn per unit of downside risk	2.97	2.03	+0.94
Omega ratioGain probability vs. loss probability	1.39	1.26	+0.13
Calmar ratioReturn relative to maximum drawdown	3.95	2.01	+1.94
Martin ratioReturn relative to average drawdown	14.56	8.68	+5.88

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
AAPL Apple Inc	92	2.27	3.09	1.41	4.02	9.58
AMAT Applied Materials, Inc.	96	3.20	3.20	1.44	6.57	21.87
AMD Advanced Micro Devices, Inc.	96	3.23	3.50	1.45	8.01	16.22
AMZN Amazon.com, Inc	56	0.34	0.69	1.08	0.49	1.07
ASML ASML Holding N.V.	96	3.10	3.47	1.42	7.81	24.29
AVGO Broadcom Inc.	68	0.73	1.28	1.16	1.21	2.49
CIFR Cipher Digital Inc.	90	2.03	2.68	1.30	4.37	8.45
FBTC Fidelity Wise Origin Bitcoin Fund	2	-1.01	-1.50	0.83	-0.84	-1.34
GOOGL Alphabet Inc. Class A	96	2.99	4.13	1.50	4.48	13.64
IBM International Business Machines Corporation	20	-0.49	-0.38	0.94	-0.66	-1.53

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 Top Picks Sharpe ratio is 2.36 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 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 Top Picks 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

Top Picks provided a 0.72% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.72%	0.77%	0.92%	1.00%	1.21%	0.85%	1.02%	1.29%	1.55%	1.24%	1.39%	1.46%
Portfolio components:
AAPL Apple Inc	0.32%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
AMAT Applied Materials, Inc.	0.36%	0.69%	0.93%	0.75%	1.05%	0.60%	1.01%	1.36%	2.14%	0.78%	1.24%	2.14%
AMD Advanced Micro Devices, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASML ASML Holding N.V.	0.51%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
AVGO Broadcom Inc.	0.67%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
CIFR Cipher Digital Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FBTC Fidelity Wise Origin Bitcoin Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GOOGL Alphabet Inc. Class A	0.24%	0.27%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IBM International Business Machines Corporation	3.16%	2.27%	3.03%	4.05%	4.68%	4.74%	5.17%	4.80%	5.46%	3.85%	3.31%	3.63%

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 Top Picks. 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 Top Picks was 24.67%, occurring on Apr 8, 2025. Recovery took 43 trading sessions.

The current Top Picks drawdown is 5.44%.

Drawdown	Fall	Recovery	Underwater	Related event
-24.67%Apr 2025	1mo 17d	2mo 3d	3mo 20dFeb 2025 - Jun 2025	2025 selloff2025
-14.79%Aug 2024	27d	3mo 1d	3mo 28dJul 2024 - Nov 2024	—
-13.92%Mar 2026	2mo	16d	2mo 16dJan 2026 - Apr 2026	—
-9.03%Nov 2025	21d	1mo 17d	2mo 8dOct 2025 - Jan 2026	—
-8.17%Apr 2024	17d	26d	1mo 13dApr 2024 - May 2024	—

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 24 assets, with an effective number of assets of 7.79, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.

Diversification Ratio

	1Y	All Time
Diversification Ratio	1.49	1.41

The portfolio has a diversification ratio of 1.41, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Top Picks correlation to the S&P 500 Index

Top Picks 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 (All Time) Calculated using the full available price history since Jan 11, 2024	0.90

Benchmark Correlations

Correlation vs. S&P 500 Index. SPY has the highest benchmark correlation at 1.00, while JNJ has the lowest at -0.02.

-0.02

0.41

0.41

0.44

0.48

0.52

0.55

TSLA

0.57

GOOGL

0.59

Portfolio Correlations

Correlation vs. Top Picks. QQQ has the highest portfolio correlation at 0.94, while JNJ has the lowest at -0.14.

-0.14

0.31

0.42

0.48

0.52

Asset Correlations Table

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

	JNJ	IBM	AAPL	FBTC	IREN	MSFT	CIFR	GOOGL	TSLA	META	AMZN	QCOM	MU	NVDA	AMD	IWM	AVGO	TSM	ASML	AMAT	KLAC	LRCX	SPY	QQQ
JNJ	1.00	0.07	0.04	-0.06	-0.10	-0.16	-0.07	-0.07	-0.10	-0.18	-0.16	-0.07	-0.16	-0.28	-0.15	0.07	-0.25	-0.19	-0.09	-0.11	-0.11	-0.12	-0.02	-0.17
IBM	0.07	1.00	0.23	0.13	0.11	0.32	0.15	0.17	0.19	0.23	0.22	0.25	0.15	0.15	0.22	0.35	0.23	0.21	0.22	0.19	0.22	0.21	0.40	0.33
AAPL	0.04	0.23	1.00	0.15	0.19	0.32	0.19	0.37	0.36	0.28	0.36	0.34	0.19	0.24	0.25	0.36	0.27	0.24	0.31	0.26	0.26	0.28	0.51	0.49
FBTC	-0.06	0.13	0.15	1.00	0.49	0.23	0.50	0.25	0.39	0.24	0.30	0.25	0.27	0.29	0.34	0.45	0.26	0.27	0.27	0.27	0.27	0.27	0.40	0.41
IREN	-0.10	0.11	0.19	0.49	1.00	0.24	0.76	0.32	0.37	0.28	0.31	0.28	0.36	0.34	0.42	0.43	0.34	0.36	0.31	0.32	0.32	0.33	0.44	0.46
MSFT	-0.16	0.32	0.32	0.23	0.24	1.00	0.22	0.41	0.32	0.53	0.55	0.33	0.27	0.47	0.32	0.32	0.46	0.37	0.30	0.28	0.29	0.30	0.59	0.60
CIFR	-0.07	0.15	0.19	0.50	0.76	0.22	1.00	0.29	0.38	0.29	0.33	0.33	0.37	0.34	0.39	0.55	0.35	0.38	0.35	0.35	0.35	0.38	0.48	0.48
GOOGL	-0.07	0.17	0.37	0.25	0.32	0.41	0.29	1.00	0.40	0.49	0.57	0.34	0.34	0.37	0.39	0.40	0.40	0.39	0.38	0.35	0.37	0.41	0.59	0.61
TSLA	-0.10	0.19	0.36	0.39	0.37	0.32	0.38	0.40	1.00	0.35	0.39	0.40	0.35	0.35	0.40	0.47	0.38	0.38	0.37	0.40	0.40	0.41	0.56	0.60
META	-0.18	0.23	0.28	0.24	0.28	0.53	0.29	0.49	0.35	1.00	0.61	0.33	0.30	0.46	0.36	0.37	0.44	0.42	0.41	0.35	0.38	0.38	0.59	0.61
AMZN	-0.16	0.22	0.36	0.30	0.31	0.55	0.33	0.57	0.39	0.61	1.00	0.36	0.36	0.44	0.37	0.43	0.44	0.43	0.40	0.38	0.35	0.40	0.64	0.66
QCOM	-0.07	0.25	0.34	0.25	0.28	0.33	0.33	0.34	0.40	0.33	0.36	1.00	0.51	0.44	0.52	0.54	0.49	0.49	0.57	0.61	0.62	0.62	0.63	0.65
MU	-0.16	0.15	0.19	0.27	0.36	0.27	0.37	0.34	0.35	0.30	0.36	0.51	1.00	0.54	0.54	0.46	0.56	0.60	0.60	0.67	0.64	0.72	0.55	0.65
NVDA	-0.28	0.15	0.24	0.29	0.34	0.47	0.34	0.37	0.35	0.46	0.44	0.44	0.54	1.00	0.54	0.37	0.62	0.65	0.54	0.57	0.57	0.56	0.64	0.71
AMD	-0.15	0.22	0.25	0.34	0.42	0.32	0.39	0.39	0.40	0.36	0.37	0.52	0.54	0.54	1.00	0.49	0.54	0.57	0.57	0.61	0.60	0.61	0.60	0.67
IWM	0.07	0.35	0.36	0.45	0.43	0.32	0.55	0.40	0.47	0.37	0.43	0.54	0.46	0.37	0.49	1.00	0.42	0.46	0.52	0.53	0.53	0.54	0.78	0.67
AVGO	-0.25	0.23	0.27	0.26	0.34	0.46	0.35	0.40	0.38	0.44	0.44	0.49	0.56	0.62	0.54	0.42	1.00	0.66	0.58	0.61	0.62	0.62	0.64	0.74
TSM	-0.19	0.21	0.24	0.27	0.36	0.37	0.38	0.39	0.38	0.42	0.43	0.49	0.60	0.65	0.57	0.46	0.66	1.00	0.66	0.66	0.67	0.68	0.62	0.69
ASML	-0.09	0.22	0.31	0.27	0.31	0.30	0.35	0.38	0.37	0.41	0.40	0.57	0.60	0.54	0.57	0.52	0.58	0.66	1.00	0.79	0.79	0.80	0.63	0.69
AMAT	-0.11	0.19	0.26	0.27	0.32	0.28	0.35	0.35	0.40	0.35	0.38	0.61	0.67	0.57	0.61	0.53	0.61	0.66	0.79	1.00	0.88	0.89	0.64	0.72
KLAC	-0.11	0.22	0.26	0.27	0.32	0.29	0.35	0.37	0.40	0.38	0.35	0.62	0.64	0.57	0.60	0.53	0.62	0.67	0.79	0.88	1.00	0.88	0.64	0.71
LRCX	-0.12	0.21	0.28	0.27	0.33	0.30	0.38	0.41	0.41	0.38	0.40	0.62	0.72	0.56	0.61	0.54	0.62	0.68	0.80	0.89	0.88	1.00	0.66	0.73
SPY	-0.02	0.40	0.51	0.40	0.44	0.59	0.48	0.59	0.56	0.59	0.64	0.63	0.55	0.64	0.60	0.78	0.64	0.62	0.63	0.64	0.64	0.66	1.00	0.93
QQQ	-0.17	0.33	0.49	0.41	0.46	0.60	0.48	0.61	0.60	0.61	0.66	0.65	0.65	0.71	0.67	0.67	0.74	0.69	0.69	0.72	0.71	0.73	0.93	1.00

The correlation results are calculated based on daily price changes starting from Jan 11, 2024

Diversification Analysis

Find what Top Picks is missing

See which holdings overlap, where Top Picks is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification