Carr Canada Email

Asset Allocation

Position	Category/Sector	Target Weight
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	Large Cap Growth Equities	6.34%
DVY iShares Select Dividend ETF	Large Cap Value Equities, Dividend	11.43%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	High Yield Bonds	1.21%
IBB iShares Nasdaq Biotechnology ETF	Health & Biotech Equities	7.22%
IJR iShares Core S&P Small-Cap ETF	Small Cap Blend Equities	6.56%
PFF iShares Preferred and Income Securities ETF	Preferred Stock/Convertible Bonds	0.59%
PPA Invesco Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	8.47%
QQQ Invesco QQQ ETF	Nasdaq-100	14.21%
SPY State Street SPDR S&P 500 ETF	S&P 500	10.30%
TAN Invesco Solar ETF	Alternative Energy Equities	2.14%
USD=X USD Cash		2.96%
XLE State Street Energy Select Sector SPDR ETF	Energy Equities	3.88%
XLI Industrial Select Sector SPDR Fund	Industrials Equities	9.60%
XLK State Street Technology Select Sector SPDR ETF	Technology Equities	15.09%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Carr Canada Email, 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 Apr 15, 2008, corresponding to the inception date of TAN

Returns By Period

As of Apr 16, 2026, the Carr Canada Email returned 7.54% Year-To-Date and 15.10% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.80%	4.83%	2.59%	5.27%	30.14%	19.29%	10.91%	12.94%
Portfolio Carr Canada Email	0.00%	4.54%	7.54%	10.28%	39.56%	19.47%	12.30%	15.10%
Portfolio components:
DVY iShares Select Dividend ETF	-0.22%	1.24%	8.42%	9.41%	25.25%	12.86%	9.08%	10.25%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	-0.05%	1.76%	1.26%	2.52%	10.28%	8.45%	3.89%	5.16%
PFF iShares Preferred and Income Securities ETF	0.35%	2.46%	2.44%	1.97%	13.37%	6.38%	1.55%	3.59%
SPY State Street SPDR S&P 500 ETF	0.79%	4.91%	2.92%	5.83%	31.69%	20.82%	12.43%	14.77%
XLK State Street Technology Select Sector SPDR ETF	1.60%	8.44%	4.53%	6.02%	50.49%	27.33%	16.86%	22.42%
XLI Industrial Select Sector SPDR Fund	-1.25%	3.37%	10.66%	12.88%	37.31%	21.49%	12.80%	13.79%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	-0.16%	3.29%	1.24%	5.55%	21.94%	14.60%	9.13%	12.66%
TAN Invesco Solar ETF	0.16%	-2.52%	12.62%	13.06%	95.55%	-10.00%	-8.23%	9.99%
PPA Invesco Aerospace & Defense ETF	-0.63%	0.72%	12.74%	14.68%	52.27%	30.41%	19.48%	18.26%
QQQ Invesco QQQ ETF	1.40%	6.30%	3.89%	6.11%	39.85%	26.75%	13.94%	20.00%

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

Monthly Returns

Based on dividend-adjusted daily data since Apr 16, 2008, Carr Canada Email's average daily return is +0.04%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.

Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +13.6%, while the worst month was Oct 2008 at -15.8%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Carr Canada Email closed higher 38% of trading days. The best single day was Oct 13, 2008 with a return of +10.3%, while the worst single day was Mar 16, 2020 at -11.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.10%	1.29%	-3.92%	6.15%									7.54%
2025	2.68%	-1.45%	-4.57%	-1.00%	6.15%	5.32%	2.60%	2.43%	3.65%	2.96%	-0.06%	0.18%	20.02%
2024	-0.27%	4.15%	3.03%	-4.15%	4.71%	1.64%	3.07%	1.39%	1.72%	-1.34%	5.66%	-4.26%	15.82%
2023	6.15%	-2.03%	3.33%	0.14%	0.06%	6.07%	3.07%	-1.98%	-4.78%	-2.58%	8.64%	6.05%	23.30%
2022	-4.66%	-0.79%	3.44%	-8.31%	1.32%	-7.22%	9.00%	-3.57%	-9.39%	9.90%	5.66%	-5.16%	-11.54%
2021	0.02%	3.73%	4.11%	3.52%	0.73%	2.50%	0.82%	2.20%	-4.01%	5.66%	-1.32%	3.30%	22.99%

Benchmark Metrics

Carr Canada Email has an annualized alpha of 3.02%, beta of 0.95, and R² of 0.97 versus S&P 500 Index. Calculated based on daily prices since April 16, 2008.

This portfolio captured 106.59% of S&P 500 Index gains but only 94.68% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 3.02% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.95 and R² of 0.97, 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: 3.02%

Beta: 0.95

R²: 0.97

Upside Capture: 106.59%

Downside Capture: 94.68%

Expense Ratio

Carr Canada Email has an expense ratio of 0.23%, 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

TAN

Invesco Solar ETF

PPA

Invesco Aerospace & Defense ETF

HYG

iShares iBoxx $ High Yield Corporate Bond ETF

IBB

iShares Nasdaq Biotechnology ETF

PFF

iShares Preferred and Income Securities ETF

DVY

iShares Select Dividend ETF

QQQ

Invesco QQQ ETF

DIA

State Street SPDR Dow Jones Industrial Average ETF Trust

XLI

Industrial Select Sector SPDR Fund

SPY

State Street SPDR S&P 500 ETF

Return for Risk

Risk / Return Rank

Carr Canada Email 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	3.24	2.30	+0.94
Sortino ratio Return per unit of downside risk	4.48	3.18	+1.30
Omega ratio Gain probability vs. loss probability	1.60	1.43	+0.17
Calmar ratio Return relative to maximum drawdown	3.66	3.40	+0.26
Martin ratio Return relative to average drawdown	14.11	15.35	-1.24
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
DVY iShares Select Dividend ETF	58	2.13	3.07	1.37	3.93	14.48
HYG iShares iBoxx $ High Yield Corporate Bond ETF	80	2.53	3.93	1.53	4.76	21.55
PFF iShares Preferred and Income Securities ETF	42	1.94	2.78	1.34	2.68	8.42
SPY State Street SPDR S&P 500 ETF	67	2.41	3.33	1.45	3.67	16.64
XLK State Street Technology Select Sector SPDR ETF	56	2.41	3.07	1.41	3.29	10.97
XLI Industrial Select Sector SPDR Fund	61	2.45	3.38	1.42	3.12	13.36
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	35	1.68	2.45	1.30	2.30	8.79
TAN Invesco Solar ETF	72	2.58	3.16	1.39	7.31	17.03
PPA Invesco Aerospace & Defense ETF	74	2.90	3.88	1.48	3.91	15.91
QQQ Invesco QQQ ETF	59	2.36	3.14	1.42	3.42	13.03

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.

Carr Canada Email Sharpe ratios as of Apr 16, 2026 (values are recalculated daily):

1-Year: 3.24
5-Year: 0.75
10-Year: 0.84
All Time: 0.65

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 2.19 to 3.00, 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 Carr Canada Email 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

Carr Canada Email provided a 1.18% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.18%	1.27%	1.42%	1.46%	1.54%	1.26%	1.53%	1.71%	1.79%	1.56%	1.84%	1.86%
Portfolio components:
DVY iShares Select Dividend ETF	3.45%	3.65%	3.65%	3.82%	3.43%	3.12%	3.66%	3.41%	3.58%	3.00%	3.04%	3.45%
HYG iShares iBoxx $ High Yield Corporate Bond ETF	5.80%	5.71%	6.01%	5.74%	5.30%	4.02%	4.88%	4.99%	5.54%	5.12%	5.27%	5.90%
PFF iShares Preferred and Income Securities ETF	5.67%	6.30%	6.32%	6.63%	6.01%	4.45%	4.79%	5.31%	6.32%	5.59%	5.85%	5.76%
SPY State Street SPDR S&P 500 ETF	1.05%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%
XLK State Street Technology Select Sector SPDR ETF	0.51%	0.54%	0.66%	0.76%	1.04%	0.65%	0.92%	1.16%	1.60%	1.37%	1.74%	1.79%
XLI Industrial Select Sector SPDR Fund	1.20%	1.29%	1.44%	1.63%	1.63%	1.25%	1.55%	1.94%	2.15%	1.77%	2.07%	2.15%
DIA State Street SPDR Dow Jones Industrial Average ETF Trust	1.45%	1.43%	1.61%	1.81%	1.91%	1.58%	1.87%	1.85%	2.24%	1.97%	2.26%	2.33%
TAN Invesco Solar ETF	0.00%	0.00%	0.50%	0.09%	0.00%	0.00%	0.09%	0.30%	0.69%	1.77%	5.04%	1.60%
PPA Invesco Aerospace & Defense ETF	0.37%	0.42%	0.61%	0.67%	0.83%	0.59%	0.88%	0.95%	0.90%	0.67%	1.70%	1.41%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

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 Carr Canada Email. 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 Carr Canada Email was 49.46%, occurring on Mar 9, 2009. Recovery took 665 trading sessions.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-49.46%	May 20, 2008	294	Mar 9, 2009	665	Jan 3, 2011	959
-34.5%	Feb 20, 2020	33	Mar 23, 2020	154	Aug 24, 2020	187
-20.92%	Oct 4, 2018	82	Dec 24, 2018	120	Apr 23, 2019	202
-20.28%	Jan 5, 2022	269	Sep 30, 2022	258	Jun 15, 2023	527
-18.45%	Dec 5, 2024	125	Apr 8, 2025	77	Jun 24, 2025	202

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 14 assets, with an effective number of assets of 10.04, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

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	USD=X	PFF	TAN	XLE	IBB	HYG	DVY	PPA	XLK	QQQ	IJR	XLI	DIA	SPY	Portfolio
Benchmark	1.00	0.00	0.55	0.57	0.60	0.66	0.68	0.80	0.78	0.89	0.90	0.83	0.86	0.93	1.00	0.97
USD=X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PFF	0.55	0.00	1.00	0.39	0.32	0.39	0.55	0.47	0.44	0.44	0.45	0.49	0.47	0.46	0.51	0.52
TAN	0.57	0.00	0.39	1.00	0.40	0.44	0.44	0.41	0.46	0.49	0.51	0.53	0.49	0.46	0.53	0.59
XLE	0.60	0.00	0.32	0.40	1.00	0.35	0.43	0.60	0.51	0.39	0.39	0.56	0.57	0.56	0.55	0.57
IBB	0.66	0.00	0.39	0.44	0.35	1.00	0.46	0.48	0.50	0.54	0.62	0.60	0.50	0.55	0.60	0.67
HYG	0.68	0.00	0.55	0.44	0.43	0.46	1.00	0.54	0.52	0.55	0.57	0.58	0.56	0.58	0.64	0.64
DVY	0.80	0.00	0.47	0.41	0.60	0.48	0.54	1.00	0.69	0.54	0.54	0.77	0.76	0.79	0.75	0.76
PPA	0.78	0.00	0.44	0.46	0.51	0.50	0.52	0.69	1.00	0.59	0.59	0.74	0.84	0.74	0.73	0.79
XLK	0.89	0.00	0.44	0.49	0.39	0.54	0.55	0.54	0.59	1.00	0.92	0.63	0.63	0.71	0.83	0.83
QQQ	0.90	0.00	0.45	0.51	0.39	0.62	0.57	0.54	0.59	0.92	1.00	0.66	0.63	0.70	0.84	0.85
IJR	0.83	0.00	0.49	0.53	0.56	0.60	0.58	0.77	0.74	0.63	0.66	1.00	0.78	0.75	0.78	0.84
XLI	0.86	0.00	0.47	0.49	0.57	0.50	0.56	0.76	0.84	0.63	0.63	0.78	1.00	0.83	0.80	0.84
DIA	0.93	0.00	0.46	0.46	0.56	0.55	0.58	0.79	0.74	0.71	0.70	0.75	0.83	1.00	0.88	0.86
SPY	1.00	0.00	0.51	0.53	0.55	0.60	0.64	0.75	0.73	0.83	0.84	0.78	0.80	0.88	1.00	0.94
Portfolio	0.97	0.00	0.52	0.59	0.57	0.67	0.64	0.76	0.79	0.83	0.85	0.84	0.84	0.86	0.94	1.00

The correlation results are calculated based on daily price changes starting from Apr 16, 2008

Carr Canada Email

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