Asset Allocation
Find the right asset allocation for Baseline
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Baseline, 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 year.
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Returns By Period
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio Baseline | 0.98% | 2.86% | 11.03% | 10.40% | 22.27% | 14.63% | 7.75% | — |
| Portfolio components: | ||||||||
DODFX Dodge & Cox International Stock Fund | 2.97% | 3.44% | 11.48% | 13.39% | 28.75% | 19.81% | 10.83% | 11.25% |
EMXC iShares MSCI Emerging Markets ex China ETF | 0.55% | 6.57% | 37.25% | 42.23% | 67.80% | 26.47% | 12.14% | — |
FCPGX Fidelity Small Cap Growth Fund | 4.26% | 3.64% | 18.99% | 16.17% | 39.09% | 20.10% | 7.60% | 14.97% |
FISMX Fidelity International Small Cap Fund | 2.56% | 0.18% | 8.75% | 10.42% | 16.51% | 13.58% | 5.98% | 9.03% |
FTBFX Fidelity Total Bond Fund | 0.53% | 1.21% | 0.57% | 1.02% | 5.30% | 4.80% | 0.60% | 2.43% |
FTKFX Fidelity Total Bond K6 Fund | 0.57% | 1.30% | 0.69% | 1.27% | 5.52% | 4.74% | 0.63% | — |
JANEX Janus Henderson Enterprise Fund | 1.81% | 3.56% | 6.64% | 5.45% | 14.58% | 12.53% | 6.91% | 12.78% |
MGRVX MFS International Growth Fund Class R4 | 2.57% | 1.84% | 1.47% | 2.18% | 7.87% | 11.31% | 5.59% | 10.04% |
O Realty Income Corporation | 1.31% | 3.07% | 13.70% | 11.57% | 14.88% | 6.59% | 3.49% | 4.89% |
PIMIX PIMCO Income Fund Institutional Class | 0.56% | 1.76% | 0.91% | 1.78% | 7.88% | 7.70% | 3.44% | 4.70% |
Monthly Returns
Based on dividend-adjusted daily data since May 25, 2021, Baseline's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2026 with a return of +11.3%, while the worst month was Sep 2022 at -8.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Baseline closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +6.2%, while the worst single day was Jun 5, 2026 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.44% | 0.47% | -5.52% | 11.31% | 10.40% | -4.40% | 11.03% | ||||||
| 2025 | 4.66% | -2.15% | -2.14% | -0.09% | 2.25% | 4.48% | -1.24% | 3.55% | 2.59% | 2.67% | -1.11% | 0.97% | 15.05% |
| 2024 | 0.15% | 3.49% | 3.31% | -2.69% | 7.54% | -0.45% | -0.28% | 0.63% | 0.75% | -2.50% | 1.91% | -2.90% | 8.80% |
| 2023 | 9.07% | -3.28% | 1.88% | -1.52% | -1.44% | 4.13% | 4.24% | -4.58% | -3.26% | -2.84% | 9.19% | 6.68% | 18.29% |
| 2022 | -3.75% | -1.91% | -1.96% | -5.98% | 0.67% | -6.40% | 6.21% | -3.61% | -7.95% | 3.77% | 5.83% | -4.32% | -18.80% |
| 2021 | 0.84% | 2.05% | 1.26% | 0.78% | -4.55% | 2.93% | 5.18% | 2.10% | 10.80% |
Benchmark Metrics
Baseline has an annualized alpha of -0.89%, beta of 0.77, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since May 25, 2021.
- This portfolio participated in 83.09% of S&P 500 Index downside but only 70.88% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.89%
- Beta
- 0.77
- R²
- 0.75
- Upside Capture
- 70.88%
- Downside Capture
- 83.09%
Expense Ratio
Baseline has an expense ratio of 0.30%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Top 10 holdings
Return for Risk
Risk / Return Rank
Baseline ranks 24 for risk / return — below 24% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Baseline 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 | 1.37 | 1.86 | -0.49 |
| Sortino ratioReturn per unit of downside risk | 1.95 | 2.53 | -0.58 |
| Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 2.53 | -0.39 |
| Martin ratioReturn relative to average drawdown | 6.55 | 11.37 | -4.82 |
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 |
|---|---|---|---|---|---|---|
DODFX Dodge & Cox International Stock Fund | 59 | 1.99 | 2.71 | 1.37 | 2.49 | 9.40 |
EMXC iShares MSCI Emerging Markets ex China ETF | 88 | 2.74 | 3.35 | 1.50 | 4.55 | 17.51 |
FCPGX Fidelity Small Cap Growth Fund | 52 | 1.66 | 2.29 | 1.28 | 2.80 | 11.15 |
FISMX Fidelity International Small Cap Fund | 24 | 1.24 | 1.82 | 1.23 | 1.48 | 5.19 |
FTBFX Fidelity Total Bond Fund | 29 | 1.36 | 2.05 | 1.24 | 1.80 | 5.30 |
FTKFX Fidelity Total Bond K6 Fund | 31 | 1.40 | 2.10 | 1.25 | 1.98 | 5.65 |
JANEX Janus Henderson Enterprise Fund | 15 | 0.93 | 1.41 | 1.17 | 1.15 | 3.99 |
MGRVX MFS International Growth Fund Class R4 | 8 | 0.48 | 0.75 | 1.09 | 0.53 | 1.75 |
O Realty Income Corporation | 66 | 0.88 | 1.26 | 1.15 | 1.29 | 3.12 |
PIMIX PIMCO Income Fund Institutional Class | 52 | 1.88 | 2.83 | 1.36 | 2.12 | 7.21 |
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Dividends
Dividend yield
Baseline provided a 3.58% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.58% | 3.99% | 3.03% | 2.60% | 2.51% | 3.88% | 2.75% | 2.69% | 3.72% | 2.62% | 2.24% | 2.70% |
| Portfolio components: | ||||||||||||
DODFX Dodge & Cox International Stock Fund | 4.53% | 5.05% | 2.25% | 2.29% | 2.23% | 2.49% | 4.21% | 3.93% | 2.93% | 1.93% | 3.66% | 2.30% |
EMXC iShares MSCI Emerging Markets ex China ETF | 2.05% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% | 0.00% | 0.00% |
FCPGX Fidelity Small Cap Growth Fund | 5.37% | 6.38% | 1.37% | 0.00% | 0.00% | 19.27% | 8.19% | 5.31% | 14.35% | 6.88% | 1.53% | 4.32% |
FISMX Fidelity International Small Cap Fund | 3.29% | 3.58% | 2.64% | 1.87% | 0.70% | 7.28% | 0.83% | 2.32% | 6.14% | 2.46% | 2.70% | 2.80% |
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
FTKFX Fidelity Total Bond K6 Fund | 4.61% | 4.61% | 4.76% | 3.86% | 2.53% | 2.24% | 5.51% | 3.26% | 2.94% | 1.63% | 0.00% | 0.00% |
JANEX Janus Henderson Enterprise Fund | 7.04% | 7.51% | 7.00% | 7.52% | 10.51% | 15.98% | 8.46% | 4.45% | 6.38% | 1.78% | 1.64% | 3.64% |
MGRVX MFS International Growth Fund Class R4 | 5.42% | 5.50% | 6.21% | 2.73% | 2.94% | 6.84% | 0.72% | 1.48% | 4.10% | 2.53% | 1.22% | 1.15% |
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
PIMIX PIMCO Income Fund Institutional Class | 5.83% | 6.01% | 6.27% | 6.21% | 4.98% | 4.02% | 4.88% | 5.83% | 5.66% | 5.37% | 5.52% | 7.88% |
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 Baseline. 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 Baseline was 24.18%, occurring on Oct 14, 2022. Recovery took 346 trading sessions.
The current Baseline drawdown is 4.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -24.18%Oct 2022 | 10mo 29d | 1y 4mo | 2y 3moNov 2021 - Mar 2024 |
2025 selloff2025 | -14.73%Apr 2025 | 8mo 25d | 2mo 23d | 11mo 18dJul 2024 - Jun 2025 |
2026 pullback2026 | -9.71%Mar 2026 | 2mo 22d | 1mo 1d | 3mo 23dJan 2026 - Apr 2026 |
2026 pullback2026 | -7.88%Jun 2026 | 9d | — | 14d 21hJun 2026 - now |
2025 pullback2025 | -6.04%Nov 2025 | 23d | 1mo 16d | 2mo 9dOct 2025 - Jan 2026 |
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 16 assets, with an effective number of assets of 10.26, 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 | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.24 | 1.23 | 1.20 | 1.20 |
The portfolio has a diversification ratio of 1.20, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Baseline correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.87 |
Benchmark Correlations
Correlation vs. S&P 500 Index. VFIAX has the highest benchmark correlation at 1.00, while VUSXX has the lowest at 0.02.
Asset Correlations Table
Find what Baseline is missing
See which holdings overlap, where Baseline is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification