Top Picks

Asset Allocation

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

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

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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The earliest data available for this chart is Jan 11, 2024, corresponding to the inception date of FBTC

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Top Picks	-0.03%	-2.93%	-2.21%	2.38%	52.48%	—	—	—
Portfolio components:
JNJ Johnson & Johnson	-0.44%	-1.50%	18.06%	32.21%	60.80%	19.22%	11.44%	11.41%
AAPL Apple Inc	0.11%	-2.97%	-5.78%	-0.28%	14.80%	16.04%	16.39%	26.10%
AMAT Applied Materials, Inc.	-1.51%	-0.81%	35.77%	56.35%	137.96%	42.99%	20.77%	33.82%
GOOGL Alphabet Inc Class A	-0.54%	-2.50%	-5.44%	20.55%	88.99%	41.91%	22.87%	22.80%
IBM International Business Machines Corporation	2.06%	1.17%	-15.74%	-12.48%	1.74%	27.71%	18.92%	10.02%
NVDA NVIDIA Corporation	0.93%	-1.47%	-4.88%	-6.08%	60.69%	85.17%	66.71%	70.07%
AMD Advanced Micro Devices, Inc.	3.47%	13.90%	1.56%	28.14%	111.25%	31.09%	21.81%	54.37%
CIFR Cipher Mining Inc.	1.42%	-12.85%	-13.14%	-7.17%	383.77%	74.81%	—	—
MU Micron Technology, Inc.	-0.44%	-3.50%	28.37%	99.60%	314.35%	84.06%	32.37%	42.60%
LRCX Lam Research Corporation	-1.61%	0.66%	27.76%	49.03%	198.24%	62.76%	29.23%	40.66%

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

Monthly Returns

Based on dividend-adjusted daily data since Jan 12, 2024, Top Picks's average daily return is +0.13%, while the average monthly return is +2.47%. At this rate, your investment would double in approximately 2.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was Sep 2025 with a return of +12.3%, 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 57% 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%	1.20%									-2.21%
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	2.35%	9.43%	4.13%	-5.33%	8.47%	6.81%	-0.95%	-0.51%	3.02%	-0.95%	6.23%	-1.65%	34.40%

Benchmark Metrics

Top Picks has an annualized alpha of 10.45%, beta of 1.41, and R² of 0.87 versus S&P 500 Index. Calculated based on daily prices since January 12, 2024.

This portfolio captured 202.38% of S&P 500 Index gains and 131.53% of its losses — amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 10.45% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 10.45%

Beta: 1.41

R²: 0.87

Upside Capture: 202.38%

Downside Capture: 131.53%

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 Trust

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 89 for risk / return — in the top 89% 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.01	0.88	+1.13
Sortino ratio Return per unit of downside risk	2.72	1.37	+1.35
Omega ratio Gain probability vs. loss probability	1.39	1.21	+0.18
Calmar ratio Return relative to maximum drawdown	3.87	1.39	+2.49
Martin ratio Return relative to average drawdown	13.77	6.43	+7.34
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
JNJ Johnson & Johnson	97	3.51	4.77	1.64	7.48	25.03
AAPL Apple Inc	55	0.47	0.92	1.13	0.66	2.04
AMAT Applied Materials, Inc.	94	2.82	3.06	1.43	6.62	18.28
GOOGL Alphabet Inc Class A	94	2.91	3.87	1.48	4.37	16.63
IBM International Business Machines Corporation	39	0.05	0.29	1.04	0.06	0.15
NVDA NVIDIA Corporation	81	1.47	2.17	1.27	3.02	7.54
AMD Advanced Micro Devices, Inc.	85	1.73	2.48	1.32	4.02	8.17
CIFR Cipher Mining Inc.	94	3.50	3.37	1.39	8.20	17.55
MU Micron Technology, Inc.	98	4.84	3.99	1.54	10.37	34.71
LRCX Lam Research Corporation	97	3.70	3.60	1.50	10.10	31.52

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.

Top Picks Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 2.01
All Time: 1.42

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 1.00 to 1.70, 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 0.81% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.81%	0.77%	0.92%	1.00%	1.21%	0.85%	1.02%	1.29%	1.55%	1.24%	1.39%	1.46%
Portfolio components:
JNJ Johnson & Johnson	2.14%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%
AAPL Apple Inc	0.41%	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.	0.53%	0.69%	0.93%	0.75%	1.05%	0.60%	1.01%	1.36%	2.14%	0.78%	1.24%	2.14%
GOOGL Alphabet Inc Class A	0.28%	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	2.71%	2.27%	3.03%	4.05%	4.68%	4.74%	5.17%	4.80%	5.46%	3.85%	3.31%	3.63%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
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%
CIFR Cipher Mining 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%
MU Micron Technology, Inc.	0.14%	0.16%	0.55%	0.54%	0.89%	0.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LRCX Lam Research Corporation	0.46%	0.57%	1.19%	0.95%	1.53%	0.78%	1.04%	1.54%	2.79%	1.01%	1.28%	1.36%

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 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 9.44%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-24.67%	Feb 20, 2025	34	Apr 8, 2025	43	Jun 10, 2025	77
-14.79%	Jul 11, 2024	20	Aug 7, 2024	64	Nov 6, 2024	84
-13.92%	Jan 29, 2026	42	Mar 30, 2026	—	—	—
-9.03%	Oct 30, 2025	16	Nov 20, 2025	30	Jan 6, 2026	46
-8.17%	Apr 2, 2024	14	Apr 19, 2024	18	May 15, 2024	32

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. 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	JNJ	IBM	FBTC	AAPL	IREN	CIFR	TSLA	GOOGL	META	MSFT	AMZN	MU	QCOM	AMD	IWM	NVDA	AVGO	TSM	ASML	AMAT	KLAC	LRCX	SPY	QQQ	Portfolio
Benchmark	1.00	0.01	0.47	0.40	0.54	0.43	0.47	0.56	0.58	0.61	0.66	0.66	0.55	0.65	0.59	0.77	0.64	0.64	0.62	0.63	0.65	0.66	0.67	1.00	0.94	0.90
JNJ	0.01	1.00	0.07	-0.05	0.05	-0.07	-0.05	-0.08	-0.07	-0.18	-0.14	-0.16	-0.13	-0.03	-0.12	0.09	-0.26	-0.20	-0.17	-0.07	-0.08	-0.09	-0.11	0.01	-0.13	-0.11
IBM	0.47	0.07	1.00	0.15	0.25	0.14	0.20	0.20	0.21	0.28	0.29	0.25	0.23	0.32	0.30	0.41	0.20	0.29	0.26	0.30	0.29	0.32	0.31	0.47	0.41	0.39
FBTC	0.40	-0.05	0.15	1.00	0.14	0.51	0.51	0.38	0.25	0.24	0.25	0.29	0.27	0.27	0.34	0.46	0.29	0.26	0.28	0.29	0.28	0.28	0.27	0.40	0.40	0.49
AAPL	0.54	0.05	0.25	0.14	1.00	0.18	0.19	0.37	0.40	0.29	0.35	0.36	0.23	0.37	0.29	0.37	0.27	0.31	0.27	0.34	0.31	0.31	0.33	0.54	0.54	0.45
IREN	0.43	-0.07	0.14	0.51	0.18	1.00	0.76	0.37	0.32	0.29	0.29	0.31	0.34	0.27	0.40	0.43	0.34	0.30	0.33	0.29	0.31	0.30	0.31	0.43	0.44	0.61
CIFR	0.47	-0.05	0.20	0.51	0.19	0.76	1.00	0.38	0.29	0.29	0.28	0.33	0.34	0.31	0.37	0.55	0.34	0.32	0.35	0.32	0.34	0.33	0.35	0.47	0.46	0.63
TSLA	0.56	-0.08	0.20	0.38	0.37	0.37	0.38	1.00	0.41	0.35	0.37	0.41	0.34	0.39	0.38	0.46	0.35	0.39	0.37	0.36	0.40	0.40	0.40	0.55	0.59	0.59
GOOGL	0.58	-0.07	0.21	0.25	0.40	0.32	0.29	0.41	1.00	0.47	0.45	0.57	0.36	0.36	0.41	0.39	0.36	0.41	0.38	0.38	0.38	0.40	0.43	0.58	0.62	0.60
META	0.61	-0.18	0.28	0.24	0.29	0.29	0.29	0.35	0.47	1.00	0.57	0.61	0.34	0.37	0.39	0.38	0.47	0.48	0.44	0.45	0.41	0.41	0.42	0.60	0.65	0.61
MSFT	0.66	-0.14	0.29	0.25	0.35	0.29	0.28	0.37	0.45	0.57	1.00	0.59	0.37	0.41	0.41	0.38	0.52	0.54	0.44	0.41	0.40	0.41	0.42	0.66	0.70	0.62
AMZN	0.66	-0.16	0.25	0.29	0.36	0.31	0.33	0.41	0.57	0.61	0.59	1.00	0.39	0.40	0.39	0.44	0.46	0.47	0.43	0.43	0.43	0.40	0.44	0.66	0.70	0.64
MU	0.55	-0.13	0.23	0.27	0.23	0.34	0.34	0.34	0.36	0.34	0.37	0.39	1.00	0.52	0.52	0.45	0.57	0.56	0.61	0.61	0.67	0.64	0.72	0.55	0.63	0.68
QCOM	0.65	-0.03	0.32	0.27	0.37	0.27	0.31	0.39	0.36	0.37	0.41	0.40	0.52	1.00	0.50	0.56	0.49	0.51	0.54	0.58	0.65	0.66	0.64	0.64	0.66	0.68
AMD	0.59	-0.12	0.30	0.34	0.29	0.40	0.37	0.38	0.41	0.39	0.41	0.39	0.52	0.50	1.00	0.48	0.57	0.52	0.57	0.56	0.58	0.59	0.58	0.59	0.64	0.71
IWM	0.77	0.09	0.41	0.46	0.37	0.43	0.55	0.46	0.39	0.38	0.38	0.44	0.45	0.56	0.48	1.00	0.37	0.42	0.45	0.50	0.53	0.53	0.52	0.77	0.66	0.70
NVDA	0.64	-0.26	0.20	0.29	0.27	0.34	0.34	0.35	0.36	0.47	0.52	0.46	0.57	0.49	0.57	0.37	1.00	0.65	0.66	0.56	0.59	0.58	0.59	0.64	0.72	0.72
AVGO	0.64	-0.20	0.29	0.26	0.31	0.30	0.32	0.39	0.41	0.48	0.54	0.47	0.56	0.51	0.52	0.42	0.65	1.00	0.66	0.58	0.61	0.64	0.62	0.64	0.74	0.71
TSM	0.62	-0.17	0.26	0.28	0.27	0.33	0.35	0.37	0.38	0.44	0.44	0.43	0.61	0.54	0.57	0.45	0.66	0.66	1.00	0.67	0.67	0.68	0.69	0.62	0.69	0.74
ASML	0.63	-0.07	0.30	0.29	0.34	0.29	0.32	0.36	0.38	0.45	0.41	0.43	0.61	0.58	0.56	0.50	0.56	0.58	0.67	1.00	0.79	0.80	0.80	0.63	0.68	0.72
AMAT	0.65	-0.08	0.29	0.28	0.31	0.31	0.34	0.40	0.38	0.41	0.40	0.43	0.67	0.65	0.58	0.53	0.59	0.61	0.67	0.79	1.00	0.89	0.89	0.65	0.72	0.76
KLAC	0.66	-0.09	0.32	0.28	0.31	0.30	0.33	0.40	0.40	0.41	0.41	0.40	0.64	0.66	0.59	0.53	0.58	0.64	0.68	0.80	0.89	1.00	0.88	0.65	0.71	0.75
LRCX	0.67	-0.11	0.31	0.27	0.33	0.31	0.35	0.40	0.43	0.42	0.42	0.44	0.72	0.64	0.58	0.52	0.59	0.62	0.69	0.80	0.89	0.88	1.00	0.66	0.73	0.77
SPY	1.00	0.01	0.47	0.40	0.54	0.43	0.47	0.55	0.58	0.60	0.66	0.66	0.55	0.64	0.59	0.77	0.64	0.64	0.62	0.63	0.65	0.65	0.66	1.00	0.94	0.90
QQQ	0.94	-0.13	0.41	0.40	0.54	0.44	0.46	0.59	0.62	0.65	0.70	0.70	0.63	0.66	0.64	0.66	0.72	0.74	0.69	0.68	0.72	0.71	0.73	0.94	1.00	0.94
Portfolio	0.90	-0.11	0.39	0.49	0.45	0.61	0.63	0.59	0.60	0.61	0.62	0.64	0.68	0.68	0.71	0.70	0.72	0.71	0.74	0.72	0.76	0.75	0.77	0.90	0.94	1.00

The correlation results are calculated based on daily price changes starting from Jan 12, 2024

Top Picks

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

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