IND

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

IND

Currency in USD · Last updated May 15, 2025

Asset Allocation

Position	Category/Sector	Target Weight
ADP Automatic Data Processing, Inc.	Industrials	6.67%
BA The Boeing Company	Industrials	6.67%
CAT Caterpillar Inc.	Industrials	6.67%
CTAS Cintas Corporation	Industrials	6.67%
DE Deere & Company	Industrials	6.67%
ETN Eaton Corporation plc	Industrials	6.67%
GE General Electric Company	Industrials	6.67%
GWW W.W. Grainger, Inc.	Industrials	6.67%
HON Honeywell International Inc	Industrials	6.67%
ITW Illinois Tool Works Inc.	Industrials	6.67%
LMT Lockheed Martin Corporation	Industrials	6.67%
RTX Raytheon Technologies Corporation	Industrials	6.67%
UBER Uber Technologies, Inc.	Technology	6.67%
UNP Union Pacific Corporation	Industrials	6.67%
UPS United Parcel Service, Inc.	Industrials	6.67%

Benchmark

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is May 10, 2019, corresponding to the inception date of UBER

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	0.19%	9.00%	-1.55%	12.31%	15.59%	10.78%
IND	7.89%	9.15%	1.95%	12.59%	25.33%	N/A
Portfolio components:
UNP Union Pacific Corporation	0.68%	2.73%	-3.95%	-4.68%	11.02%	10.68%
CAT Caterpillar Inc.	-2.78%	17.87%	-8.88%	-0.78%	29.22%	17.79%
BA The Boeing Company	15.66%	28.53%	46.26%	13.26%	11.31%	4.65%
GE General Electric Company	34.09%	20.02%	22.04%	40.46%	53.07%	7.06%
HON Honeywell International Inc	-3.34%	8.45%	-5.86%	9.14%	13.82%	9.36%
RTX Raytheon Technologies Corporation	13.59%	1.28%	6.79%	26.45%	22.81%	9.12%
UBER Uber Technologies, Inc.	49.88%	23.68%	27.05%	38.41%	22.81%	N/A
UPS United Parcel Service, Inc.	-19.84%	0.99%	-23.46%	-29.96%	5.52%	3.09%
DE Deere & Company	17.83%	6.38%	28.68%	22.31%	33.49%	20.95%
LMT Lockheed Martin Corporation	-6.88%	-5.50%	-18.36%	-1.33%	7.39%	11.84%
ETN Eaton Corporation plc	-0.13%	18.86%	-10.34%	0.92%	37.55%	19.40%
ADP Automatic Data Processing, Inc.	6.26%	2.60%	1.68%	28.74%	20.65%	15.96%
ITW Illinois Tool Works Inc.	-2.73%	4.96%	-9.11%	0.65%	12.09%	12.33%
CTAS Cintas Corporation	17.46%	2.18%	-3.86%	25.30%	31.75%	27.30%
GWW W.W. Grainger, Inc.	1.92%	7.19%	-10.63%	13.45%	32.53%	17.80%

*Annualized

Monthly Returns

The table below presents the monthly returns of IND, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	4.48%	0.53%	-3.15%	0.11%	5.94%								7.89%
2024	-0.29%	5.71%	4.71%	-3.52%	1.29%	-0.47%	4.41%	3.03%	2.67%	-1.68%	6.58%	-7.74%	14.64%
2023	4.69%	1.09%	1.73%	-1.57%	-1.55%	10.33%	3.91%	-1.22%	-6.56%	-1.17%	9.28%	7.36%	28.02%
2022	-3.05%	-0.03%	4.10%	-8.50%	-2.02%	-7.78%	11.31%	0.37%	-10.66%	15.41%	9.27%	-3.12%	1.72%
2021	-4.89%	7.95%	8.29%	2.69%	3.06%	-2.14%	-0.52%	0.18%	-5.37%	7.34%	-3.16%	5.61%	19.23%
2020	-0.07%	-8.26%	-17.31%	7.57%	5.48%	2.28%	3.04%	9.64%	0.72%	-0.96%	20.90%	1.38%	21.52%
2019					-5.03%	8.46%	1.63%	-4.36%	3.07%	2.50%	3.68%	0.88%	10.62%

Expense Ratio

IND has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of IND is 39, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
UNP Union Pacific Corporation	-0.22	-0.14	0.98	-0.26	-0.66
CAT Caterpillar Inc.	-0.04	0.21	1.03	-0.01	-0.03
BA The Boeing Company	0.40	0.78	1.10	0.23	1.09
GE General Electric Company	1.11	1.65	1.25	1.91	5.96
HON Honeywell International Inc	0.34	0.67	1.09	0.40	1.15
RTX Raytheon Technologies Corporation	1.04	1.45	1.23	1.63	5.58
UBER Uber Technologies, Inc.	0.83	1.46	1.19	1.21	2.63
UPS United Parcel Service, Inc.	-0.94	-1.22	0.81	-0.57	-1.85
DE Deere & Company	0.76	1.43	1.17	1.10	3.10
LMT Lockheed Martin Corporation	-0.03	0.04	1.01	-0.07	-0.13
ETN Eaton Corporation plc	-0.03	0.31	1.05	0.04	0.11
ADP Automatic Data Processing, Inc.	1.50	2.00	1.28	2.17	7.44
ITW Illinois Tool Works Inc.	0.04	0.18	1.02	0.01	0.04
CTAS Cintas Corporation	0.98	1.40	1.22	1.28	3.25
GWW W.W. Grainger, Inc.	0.55	1.02	1.13	0.56	1.30

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.

IND Sharpe ratios as of May 15, 2025 (values are recalculated daily):

1-Year: 0.64
5-Year: 1.31
All Time: 0.73

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 0.54 to 1.03, 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 IND compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

IND provided a 1.63% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	1.63%	1.65%	1.62%	1.60%	1.43%	1.67%	1.91%	2.39%	1.96%	2.15%	2.45%	2.07%
Portfolio components:
UNP Union Pacific Corporation	2.33%	2.32%	2.12%	2.45%	1.70%	1.86%	2.05%	2.21%	1.85%	2.17%	2.81%	1.60%
CAT Caterpillar Inc.	1.61%	1.49%	1.69%	1.93%	2.07%	2.26%	2.56%	2.58%	1.97%	3.32%	4.33%	2.84%
BA The Boeing Company	0.00%	0.00%	0.00%	0.00%	0.00%	0.96%	2.52%	2.12%	1.93%	2.80%	2.52%	2.25%
GE General Electric Company	0.54%	0.67%	0.25%	0.38%	0.34%	0.37%	0.36%	4.89%	4.81%	2.94%	2.95%	3.52%
HON Honeywell International Inc	2.04%	1.93%	1.99%	1.85%	1.81%	1.71%	1.90%	0.62%	0.00%	0.00%	0.00%	0.00%
RTX Raytheon Technologies Corporation	1.93%	2.14%	2.76%	2.14%	2.33%	2.64%	2.09%	2.84%	2.27%	2.55%	2.84%	2.19%
UBER Uber Technologies, 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%
UPS United Parcel Service, Inc.	4.92%	5.17%	4.12%	3.50%	1.90%	2.40%	3.28%	3.73%	2.79%	2.72%	3.03%	2.41%
DE Deere & Company	1.24%	1.42%	1.33%	1.05%	1.14%	1.13%	1.75%	1.84%	1.53%	2.33%	3.15%	2.61%
LMT Lockheed Martin Corporation	2.87%	2.62%	2.68%	2.34%	2.98%	2.76%	2.31%	3.13%	2.32%	2.71%	2.83%	2.85%
ETN Eaton Corporation plc	1.20%	1.13%	1.43%	2.06%	1.76%	2.43%	3.00%	3.85%	3.04%	3.40%	4.23%	2.88%
ADP Automatic Data Processing, Inc.	1.90%	1.96%	2.21%	1.83%	1.55%	2.08%	1.92%	2.14%	2.00%	2.10%	2.36%	2.10%
ITW Illinois Tool Works Inc.	2.41%	2.29%	2.07%	2.30%	1.91%	2.17%	2.30%	2.81%	1.71%	1.96%	2.23%	1.91%
CTAS Cintas Corporation	0.73%	0.80%	0.83%	0.93%	0.77%	0.79%	0.95%	1.22%	1.04%	1.15%	1.15%	2.17%
GWW W.W. Grainger, Inc.	0.79%	0.76%	0.88%	1.22%	1.23%	1.45%	1.68%	1.90%	2.14%	2.08%	2.27%	1.64%

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 IND. 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 IND was 41.83%, occurring on Mar 23, 2020. Recovery took 145 trading sessions.

The current IND drawdown is 0.46%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-41.83%	Feb 13, 2020	27	Mar 23, 2020	145	Oct 16, 2020	172
-19.87%	Mar 31, 2022	72	Jul 14, 2022	84	Nov 10, 2022	156
-16.65%	Dec 2, 2024	87	Apr 8, 2025	—	—	—
-11.22%	Aug 2, 2023	62	Oct 27, 2023	24	Dec 1, 2023	86
-10%	Jan 14, 2022	27	Feb 23, 2022	25	Mar 30, 2022	52

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 15 assets, with an effective number of assets of 15.00, 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.

	^GSPC	UBER	LMT	BA	UPS	GE	ADP	RTX	CTAS	DE	GWW	UNP	CAT	ETN	ITW	HON	Portfolio
^GSPC	1.00	0.51	0.31	0.49	0.57	0.54	0.66	0.51	0.70	0.53	0.58	0.58	0.60	0.70	0.65	0.65	0.81
UBER	0.51	1.00	0.07	0.35	0.28	0.34	0.28	0.27	0.34	0.27	0.26	0.29	0.32	0.35	0.29	0.33	0.53
LMT	0.31	0.07	1.00	0.28	0.27	0.28	0.39	0.58	0.36	0.36	0.35	0.33	0.31	0.28	0.37	0.43	0.47
BA	0.49	0.35	0.28	1.00	0.31	0.51	0.35	0.51	0.36	0.42	0.29	0.34	0.43	0.41	0.37	0.47	0.62
UPS	0.57	0.28	0.27	0.31	1.00	0.35	0.44	0.36	0.45	0.43	0.46	0.54	0.47	0.45	0.55	0.50	0.62
GE	0.54	0.34	0.28	0.51	0.35	1.00	0.39	0.52	0.38	0.46	0.43	0.43	0.57	0.57	0.48	0.53	0.69
ADP	0.66	0.28	0.39	0.35	0.44	0.39	1.00	0.48	0.62	0.40	0.49	0.49	0.40	0.48	0.55	0.58	0.65
RTX	0.51	0.27	0.58	0.51	0.36	0.52	0.48	1.00	0.45	0.50	0.47	0.46	0.52	0.49	0.50	0.58	0.70
CTAS	0.70	0.34	0.36	0.36	0.45	0.38	0.62	0.45	1.00	0.42	0.54	0.50	0.42	0.55	0.56	0.57	0.68
DE	0.53	0.27	0.36	0.42	0.43	0.46	0.40	0.50	0.42	1.00	0.49	0.53	0.71	0.54	0.58	0.55	0.72
GWW	0.58	0.26	0.35	0.29	0.46	0.43	0.49	0.47	0.54	0.49	1.00	0.51	0.54	0.61	0.66	0.55	0.70
UNP	0.58	0.29	0.33	0.34	0.54	0.43	0.49	0.46	0.50	0.53	0.51	1.00	0.57	0.53	0.63	0.60	0.71
CAT	0.60	0.32	0.31	0.43	0.47	0.57	0.40	0.52	0.42	0.71	0.54	0.57	1.00	0.67	0.64	0.59	0.77
ETN	0.70	0.35	0.28	0.41	0.45	0.57	0.48	0.49	0.55	0.54	0.61	0.53	0.67	1.00	0.67	0.61	0.78
ITW	0.65	0.29	0.37	0.37	0.55	0.48	0.55	0.50	0.56	0.58	0.66	0.63	0.64	0.67	1.00	0.67	0.77
HON	0.65	0.33	0.43	0.47	0.50	0.53	0.58	0.58	0.57	0.55	0.55	0.60	0.59	0.61	0.67	1.00	0.78
Portfolio	0.81	0.53	0.47	0.62	0.62	0.69	0.65	0.70	0.68	0.72	0.70	0.71	0.77	0.78	0.77	0.78	1.00

The correlation results are calculated based on daily price changes starting from May 13, 2019

Performance Analysis

Risk Analysis

Optimization

Factor Model

IND

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

Community