MS 2026 ETF only

Asset Allocation

Position	Category/Sector	Target Weight
DXJ WisdomTree Japan Hedged Equity Fund	Japan Equities	13.10%
EQWL Invesco S&P 100 Equal Weight ETF	Large Cap Blend Equities	10.60%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	Emerging Markets Equities	9.10%
USD=X USD Cash		24.50%
VIGI Vanguard International Dividend Appreciation ETF	Foreign Large Cap Equities, Dividend	9.50%
VOO Vanguard S&P 500 ETF	S&P 500	10.70%
VUG Vanguard Growth ETF	Large Cap Growth Equities	8.90%
VXUS Vanguard Total International Stock ETF	Foreign Large Cap Equities	8.90%
XLF Financial Select Sector SPDR Fund	Financials Equities	4.70%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in MS 2026 ETF only, 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 Mar 2, 2016, corresponding to the inception date of VIGI

Returns By Period

As of Apr 4, 2026, the MS 2026 ETF only returned 0.39% Year-To-Date and 10.35% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.63%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio MS 2026 ETF only	0.00%	-1.28%	0.39%	3.29%	26.39%	15.20%	9.35%	10.35%
Portfolio components:
VXUS Vanguard Total International Stock ETF	-0.68%	-1.47%	2.81%	5.79%	39.16%	15.41%	7.43%	9.01%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	0.03%	0.34%	5.80%	8.85%	39.42%	18.68%	9.45%	10.44%
VIGI Vanguard International Dividend Appreciation ETF	-0.38%	-1.85%	-1.75%	-0.92%	18.44%	8.66%	4.48%	7.77%
DXJ WisdomTree Japan Hedged Equity Fund	-0.57%	1.63%	11.84%	24.73%	70.46%	34.98%	24.74%	17.53%
VOO Vanguard S&P 500 ETF	0.11%	-3.50%	-3.55%	-1.41%	31.08%	18.47%	11.96%	14.19%
EQWL Invesco S&P 100 Equal Weight ETF	0.17%	-3.72%	-1.68%	1.08%	26.04%	16.06%	11.02%	13.63%
VUG Vanguard Growth ETF	0.11%	-4.69%	-9.29%	-7.99%	32.91%	21.67%	11.69%	16.20%
XLF Financial Select Sector SPDR Fund	0.18%	-2.82%	-9.10%	-7.00%	13.79%	17.30%	9.41%	12.53%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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

Monthly Returns

Based on dividend-adjusted daily data since Mar 3, 2016, MS 2026 ETF only's average daily return is +0.03%, while the average monthly return is +0.86%. At this rate, your investment would double in approximately 6.7 years.

Historically, 71% of months were positive and 29% were negative. The best month was Nov 2020 with a return of +9.0%, while the worst month was Mar 2020 at -10.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.

On a daily basis, MS 2026 ETF only closed higher 38% of trading days. The best single day was Apr 9, 2025 with a return of +5.9%, while the worst single day was Mar 16, 2020 at -8.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.25%	2.23%	-4.51%	0.58%									0.39%
2025	1.97%	0.11%	-1.59%	0.08%	3.98%	2.94%	0.76%	2.31%	2.27%	1.70%	0.80%	1.03%	17.50%
2024	1.41%	3.45%	2.60%	-1.80%	2.86%	1.50%	0.98%	1.46%	1.46%	-1.01%	2.31%	-1.19%	14.80%
2023	5.64%	-1.92%	2.03%	1.56%	-0.34%	4.98%	2.67%	-1.77%	-2.10%	-1.64%	5.98%	2.99%	19.05%
2022	-2.16%	-2.34%	1.20%	-5.05%	0.54%	-5.01%	4.45%	-2.28%	-6.48%	4.15%	6.43%	-3.41%	-10.38%
2021	-0.12%	2.60%	3.18%	2.10%	1.82%	0.76%	0.09%	2.12%	-1.70%	2.89%	-2.24%	3.30%	15.62%

Benchmark Metrics

MS 2026 ETF only has an annualized alpha of 1.80%, beta of 0.66, and R² of 0.90 versus S&P 500 Index. Calculated based on daily prices since March 03, 2016.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (65.48%) than losses (64.69%) — typical of diversified or defensive assets.
Beta of 0.66 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 1.80%

Beta: 0.66

R²: 0.90

Upside Capture: 65.48%

Downside Capture: 64.69%

Expense Ratio

MS 2026 ETF only has an expense ratio of 0.16%, 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.

DXJ

WisdomTree Japan Hedged Equity Fund

FNDE

Schwab Fundamental Emerging Markets Large Company Index ETF

EQWL

Invesco S&P 100 Equal Weight ETF

VIGI

Vanguard International Dividend Appreciation ETF

XLF

Financial Select Sector SPDR Fund

VXUS

Vanguard Total International Stock ETF

VOO

Vanguard S&P 500 ETF

VUG

Vanguard Growth ETF

Return for Risk

Risk / Return Rank

MS 2026 ETF only ranks 69 for risk / return — better than 69% 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	2.33	0.88	+1.44
Sortino ratio Return per unit of downside risk	3.68	1.37	+2.32
Omega ratio Gain probability vs. loss probability	1.51	1.21	+0.30
Calmar ratio Return relative to maximum drawdown	1.56	1.39	+0.17
Martin ratio Return relative to average drawdown	5.55	6.43	-0.88
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
VXUS Vanguard Total International Stock ETF	78	1.63	2.25	1.33	2.52	9.49
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	76	1.63	2.20	1.33	2.11	9.26
VIGI Vanguard International Dividend Appreciation ETF	30	0.65	1.00	1.13	0.95	3.51
DXJ WisdomTree Japan Hedged Equity Fund	92	2.18	2.82	1.44	3.95	15.29
VOO Vanguard S&P 500 ETF	53	0.98	1.49	1.23	1.53	7.13
EQWL Invesco S&P 100 Equal Weight ETF	43	0.85	1.29	1.19	1.25	5.65
VUG Vanguard Growth ETF	38	0.78	1.27	1.18	1.13	3.90
XLF Financial Select Sector SPDR Fund	11	0.01	0.15	1.02	0.07	0.22
USD=X USD Cash	—	—	—	—	—	—

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.

MS 2026 ETF only Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 2.33
5-Year: 0.83
10-Year: 0.83
All Time: 0.84

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 0.99 to 1.69, 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 MS 2026 ETF only 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

MS 2026 ETF only provided a 1.41% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.41%	1.43%	1.82%	1.85%	1.94%	2.11%	1.40%	1.68%	1.80%	1.39%	2.31%	1.86%
Portfolio components:
VXUS Vanguard Total International Stock ETF	2.95%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%
FNDE Schwab Fundamental Emerging Markets Large Company Index ETF	3.96%	4.19%	4.82%	4.74%	5.59%	4.32%	2.50%	3.47%	2.98%	2.05%	1.65%	2.02%
VIGI Vanguard International Dividend Appreciation ETF	2.24%	2.14%	1.93%	1.92%	2.06%	7.02%	1.29%	1.83%	1.99%	1.75%	1.05%	0.00%
DXJ WisdomTree Japan Hedged Equity Fund	1.16%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
VOO Vanguard S&P 500 ETF	1.18%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
EQWL Invesco S&P 100 Equal Weight ETF	1.70%	1.67%	1.86%	1.97%	2.12%	1.65%	2.01%	2.04%	2.23%	1.27%	2.01%	2.03%
VUG Vanguard Growth ETF	0.45%	0.41%	0.47%	0.58%	0.70%	0.48%	0.66%	0.95%	1.32%	1.14%	1.39%	1.30%
XLF Financial Select Sector SPDR Fund	1.60%	1.31%	1.42%	1.71%	2.04%	1.63%	2.03%	1.87%	2.08%	1.48%	21.10%	1.95%
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 MS 2026 ETF only. 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 MS 2026 ETF only was 24.89%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.

The current MS 2026 ETF only drawdown is 4.38%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-24.89%	Jan 21, 2020	63	Mar 23, 2020	163	Sep 2, 2020	226
-17.15%	Jan 13, 2022	273	Oct 12, 2022	264	Jul 3, 2023	537
-15.37%	Jan 29, 2018	330	Dec 24, 2018	308	Oct 28, 2019	638
-11.58%	Feb 19, 2025	49	Apr 8, 2025	35	May 13, 2025	84
-7.63%	Jul 17, 2024	20	Aug 5, 2024	50	Sep 24, 2024	70

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 9 assets, with an effective number of assets of 7.39, 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	USD=X	DXJ	XLF	FNDE	VUG	VIGI	EQWL	VXUS	VOO	Portfolio
Benchmark	1.00	0.00	0.63	0.74	0.64	0.93	0.76	0.87	0.79	1.00	0.92
USD=X	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DXJ	0.63	0.00	1.00	0.55	0.48	0.51	0.56	0.57	0.62	0.59	0.74
XLF	0.74	0.00	0.55	1.00	0.47	0.50	0.54	0.74	0.58	0.69	0.70
FNDE	0.64	0.00	0.48	0.47	1.00	0.53	0.70	0.57	0.83	0.60	0.76
VUG	0.93	0.00	0.51	0.50	0.53	1.00	0.65	0.66	0.66	0.89	0.77
VIGI	0.76	0.00	0.56	0.54	0.70	0.65	1.00	0.68	0.89	0.71	0.84
EQWL	0.87	0.00	0.57	0.74	0.57	0.66	0.68	1.00	0.70	0.82	0.82
VXUS	0.79	0.00	0.62	0.58	0.83	0.66	0.89	0.70	1.00	0.74	0.89
VOO	1.00	0.00	0.59	0.69	0.60	0.89	0.71	0.82	0.74	1.00	0.87
Portfolio	0.92	0.00	0.74	0.70	0.76	0.77	0.84	0.82	0.89	0.87	1.00

The correlation results are calculated based on daily price changes starting from Mar 3, 2016

MS 2026 ETF only

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