test1

Asset Allocation

Position	Category/Sector	Target Weight
PAAA PGIM AAA CLO ETF	CLO	5.86%
ZLB.TO BMO Low Volatility Canadian Equity ETF	Canada Equities, Low Volatility	4.26%
PMIF.TO PIMCO Monthly Income Fund (Canada)	Multisector Bonds, Global Bonds, Actively Managed	3.60%
TPRF.TO TD Active Preferred Share ETF	Preferred Stock	3.56%
AUSF Global X Adaptive U.S. Factor ETF	Mid Cap Value Equities, Multi-factor	3.31%
ZRE.TO BMO Equal Weight REITs Index ETF	REIT, Equal Weight	3.21%
LVHI Franklin International Low Volatility High Dividend Index ETF	Dividend, Low Volatility	3.12%
CBIL.TO Global X 0-3 Month T-Bill ETF	Canadian Government Bonds	2.88%
FNDF Schwab Fundamental International Equity ETF	Foreign Large Cap Equities, Large Cap Value Equities	2.59%
XSH.TO iShares Core Canadian Short Term Corporate Bond Index ETF	Short-Term Bond, Corporate Bonds, Investment Grade Bonds	2.56%
CORE.TO PIMCO Canadian Core Bond Fund	Canadian Government Bonds	2.55%
LALT First Trust Multi-Strategy Alternative ETF	Global Allocation	2.32%
CLSE Convergence Long/Short Equity ETF	Long-Short, Actively Managed	2.01%
FCA First Trust China AlphaDEX Fund	China Equities, Asia Pacific Equities	2%
MNA IQ Merger Arbitrage ETF	Event Driven	1.99%
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF	Quality Factor, Dividend, Large Cap Value Equities	1.98%
SCHP Schwab U.S. TIPS ETF	Inflation-Protected Bonds	1.94%
XEI.TO iShares S&P/TSX Composite High Dividend Index ETF	Canada Equities	1.90%
NBJP Neuberger Berman Japan Equity ETF	Japan Equities, Asia Pacific Equities	1.89%
TQCD.TO TD Q Canadian Dividend ETF	Canada Equities	1.87%
FCUV.TO Fidelity U.S. Value ETF	Large Cap Value Equities	1.83%
VFV.TO Vanguard S&P 500 Index ETF	S&P 500	1.77%
CTA Simplify Managed Futures Strategy ETF	Systematic Trend	1.74%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	REIT	1.71%
IDMO Invesco S&P International Developed Momentum ETF	Momentum, Foreign Large Cap Equities	1.67%
EMF Templeton Emerging Markets Fund	Emerging Markets Equities	1.66%
DXMO.TO Dynamic Active Mining Opportunities ETF	Materials	1.56%
SDCI USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund	Commodities	1.53%
CRAK VanEck Oil Refiners ETF	Energy Equities	1.40%
VMO Invesco Municipal Opportunity Trust	Financial Services	1.34%
FCCM.NEO Fidelity Canadian Momentum ETF	Momentum, Canada Equities	1.32%
GRID First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund	Infrastructure Equities, Alternative Energy Equities, Energy Equities	1.10%
AVDV Avantis International Small Cap Value ETF	Foreign Small & Mid Cap Equities	1.09%
AVUV Avantis US Small Cap Value ETF	Small Cap Value Equities	1.07%
STK Columbia Seligman Premium Technology Growth Fund	Technology Equities, Options Trading, Actively Managed	1.04%
MOOD Relative Sentiment Tactical Allocation ETF	Tactical Allocation	1.01%
XCS.TO iShares S&P/TSX SmallCap Index ETF	Canada Equities	1.01%
HFGM Unlimited HFGM Global Macro ETF	Long-Short	1.01%
DBMF iMGP DBi Managed Futures Strategy ETF	Systematic Trend	1%
VGLT Vanguard Long-Term Treasury ETF	Government Bonds, Long-Term Bond	1%
FMTM MarketDesk Focused U.S. Momentum ETF	Momentum, Large Cap Growth Equities	1%
CCNR ALPS/CoreCommodity Natural Resources ETF	Natural Resources	0.98%
PJP Invesco Dynamic Pharmaceuticals ETF	Health & Biotech Equities	0.98%
SRUUF Sprott Physical Uranium Trust Fund	Uranium, Commodities	0.97%
IGV iShares Expanded Tech-Software Sector ETF	Technology Equities	0.96%
RSPG Invesco S&P 500 Equal Weight Energy ETF	Energy Equities, S&P 500, Equal Weight	0.95%
VNQI Vanguard Global ex-U.S. Real Estate ETF	REIT	0.87%
BAR GraniteShares Gold Trust	Gold, Precious Metals	0.86%
CVE.TO Cenovus Energy Inc.	Energy	0.80%
ILF iShares Latin American 40 ETF	Latin America Equities	0.77%
WCP.TO Whitecap Resources Inc.	Energy	0.77%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	Leveraged Cryptocurrency	0.75%
REMX VanEck Rare Earth and Strategic Metals ETF	Rare Earth & Strategic Metals	0.72%
ICOP iShares Copper and Metals Mining ETF	Copper	0.56%
MSFT Microsoft Corporation	Technology	0.55%
EMEQ Nomura Focused Emerging Markets Equity ETF	Emerging Markets Equities	0.52%
DBB Invesco DB Base Metals Fund	Metals	0.51%
GOOGL Alphabet Inc. Class A	Communication Services	0.51%
PPLT abrdn Physical Platinum Shares ETF	Precious Metals, Metals	0.50%
BABA Alibaba Group Holding Limited	Consumer Cyclical	0.50%
COPJ Sprott Junior Copper Miners ETF	Copper	0.49%
SETM Sprott Critical Materials ETF	Materials, Natural Resources	0.47%
TOU.TO Tourmaline Oil Corp.	Energy	0.41%
CCO.TO Cameco Corporation	Energy	0.39%
EWW iShares MSCI Mexico ETF	Latin America Equities	0.39%
WGMI CoinShares Bitcoin Miners ETF	Cryptocurrency, Blockchain	0.27%
NXE.TO NexGen Energy Ltd.	Energy	0.23%
CGL.TO iShares Gold Bullion ETF (CAD-Hedged)	Gold, Precious Metals	0.03%
IFRA iShares U.S. Infrastructure ETF	Infrastructure Equities, Industrials Equities	0%
FXU First Trust Utilities AlphaDEX Fund	Utilities Equities	0%
FBT First Trust Amex Biotechnology Index	Health & Biotech Equities	0%
CGXU Capital Group International Focus Equity ETF	Foreign Large Cap Equities	0%
VFLO VictoryShares Free Cash Flow ETF	Large Cap Value Equities	0%

Benchmark: S&P 500 Index · Rebalance: Every 3 months

Portfolio Optimizer

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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

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in test1, 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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Benchmark

Compare your portfolio against anything

Returns By Period

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*	ALL TIME*
Benchmark S&P 500 Index	0.52%	-1.28%	12.09%	11.94%	19.74%	20.23%	13.91%	14.00%	9.18%
Portfolio test1	-0.19%	0.37%	9.29%	13.36%	25.54%	—	—	—	30.39%
Portfolio components:
AUSF Global X Adaptive U.S. Factor ETF	-0.39%	3.18%	11.72%	15.20%	20.62%	21.55%	17.20%	—	13.81%
AVDV Avantis International Small Cap Value ETF	-0.65%	-0.37%	9.01%	15.57%	36.51%	27.13%	16.45%	—	15.77%
AVUV Avantis US Small Cap Value ETF	-0.14%	-0.63%	19.81%	26.47%	39.39%	18.50%	15.87%	—	17.08%
BABA Alibaba Group Holding Limited	4.91%	23.06%	-24.44%	-13.89%	3.65%	11.29%	-5.62%	5.17%	5.05%
BAR GraniteShares Gold Trust	-1.68%	-1.17%	-13.28%	-4.05%	24.49%	30.06%	20.01%	—	14.59%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	-0.70%	0.70%	21.26%	22.69%	25.67%	14.03%	7.45%	—	8.66%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	-5.78%	6.65%	-52.00%	-57.70%	-80.01%	—	—	—	-27.42%
CBIL.TO Global X 0-3 Month T-Bill ETF	0.02%	0.19%	1.08%	1.23%	2.30%	3.51%	—	—	3.56%
CCNR ALPS/CoreCommodity Natural Resources ETF	-0.96%	2.25%	5.63%	18.85%	50.65%	—	—	—	26.27%
CCO.TO Cameco Corporation	-2.09%	-16.31%	-28.16%	-3.74%	16.52%	38.42%	40.73%	26.57%	6.40%

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

Monthly Returns

Based on dividend-adjusted daily data since Apr 15, 2025, test1's average daily return is +0.10%, while the average monthly return is +2.18%. At this rate, an investment would double in approximately 2.7 years.

Historically, 88% of months were positive and 13% were negative. The best month was Sep 2025 with a return of +4.8%, while the worst month was Mar 2026 at -2.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 1 months.

On a daily basis, test1 closed higher 61% of trading days. The best single day was Mar 31, 2026 with a return of +1.8%, while the worst single day was Jun 5, 2026 at -2.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.72%	4.70%	-1.98%	3.82%	2.11%	0.21%	0.25%						13.36%
2025				3.06%	3.70%	3.00%	1.96%	3.31%	4.84%	1.68%	1.58%	-1.01%	24.29%

Benchmark Metrics

test1 has an annualized alpha of 13.47%, beta of 0.51, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since April 15, 2025.

This portfolio captured 76.26% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10.16%) - a profile typical of hedging or uncorrelated assets.
This portfolio generated an annualized alpha of 13.47% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Beta of 0.51 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: 13.47%

Beta: 0.51

R²: 0.63

Upside Capture: 76.26%

Downside Capture: -10.16%

See how alpha, beta & R² have trended over time →

Expense Ratio

test1 has an expense ratio of 0.48%, 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

LALT

First Trust Multi-Strategy Alternative ETF

CLSE

Convergence Long/Short Equity ETF

EMF

Templeton Emerging Markets Fund

STK

Columbia Seligman Premium Technology Growth Fund

BTCL

T-REX 2X Long Bitcoin Daily Target ETF

HFGM

Unlimited HFGM Global Macro ETF

EMEQ

Nomura Focused Emerging Markets Equity ETF

PMIF.TO

PIMCO Monthly Income Fund (Canada)

DBMF

iMGP DBi Managed Futures Strategy ETF

DBB

Invesco DB Base Metals Fund

Return for Risk

Risk / Return Rank

test1 ranks 94 for risk / return — above 94% of Portfolios peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

Risk / Return Metrics

The table below presents risk-adjusted performance metrics for test1 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	2.77	1.50	+1.27
Sortino ratioReturn per unit of downside risk	3.75	2.13	+1.62
Omega ratioGain probability vs. loss probability	1.51	1.26	+0.25
Calmar ratioReturn relative to maximum drawdown	4.81	2.16	+2.65
Martin ratioReturn relative to average drawdown	20.58	7.83	+12.76

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
AUSF Global X Adaptive U.S. Factor ETF	81	1.79	2.59	1.31	3.85	11.84
AVDV Avantis International Small Cap Value ETF	84	2.15	2.89	1.37	2.86	11.00
AVUV Avantis US Small Cap Value ETF	91	2.23	3.26	1.38	4.85	17.39
BABA Alibaba Group Holding Limited	46	0.08	0.50	1.05	0.08	0.15
BAR GraniteShares Gold Trust	33	0.88	1.25	1.18	1.04	2.26
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	77	1.75	2.40	1.30	3.62	9.86
BTCL T-REX 2X Long Bitcoin Daily Target ETF	1	-0.90	-1.82	0.80	-0.96	-1.33
CBIL.TO Global X 0-3 Month T-Bill ETF	99	8.86	20.42	5.15	57.64	308.61
CCNR ALPS/CoreCommodity Natural Resources ETF	92	2.68	3.37	1.44	4.93	14.32
CCO.TO Cameco Corporation	56	0.30	0.87	1.10	0.48	1.12

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. Learn how to interpret the Sharpe ratio.

The current test1 Sharpe ratio is 2.77 as of Aug 1, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.18 to 2.00, 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 test1 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

test1 provided a 3.14% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.14%	3.29%	3.44%	3.11%	3.32%	2.39%	2.03%	2.16%	2.11%	1.47%	1.22%	1.50%
Portfolio components:
AUSF Global X Adaptive U.S. Factor ETF	2.61%	2.78%	2.63%	1.83%	2.51%	2.22%	2.95%	4.02%	1.46%	0.00%	0.00%	0.00%
AVDV Avantis International Small Cap Value ETF	2.80%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%	0.00%	0.00%	0.00%	0.00%
AVUV Avantis US Small Cap Value ETF	1.25%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
BABA Alibaba Group Holding Limited	0.86%	1.36%	1.96%	1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BAR GraniteShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.58%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%	0.00%	0.00%	0.00%
BTCL T-REX 2X Long Bitcoin Daily Target ETF	4.10%	1.70%	4.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CBIL.TO Global X 0-3 Month T-Bill ETF	2.25%	2.58%	4.38%	3.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CCNR ALPS/CoreCommodity Natural Resources ETF	3.00%	3.48%	1.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CCO.TO Cameco Corporation	0.20%	0.19%	0.22%	0.21%	0.39%	0.29%	0.47%	0.69%	0.52%	3.45%	2.85%	2.34%

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 test1. 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 test1 was 5.22%, occurring on Mar 20, 2026. Recovery took 15 trading sessions.

The current test1 drawdown is 0.68%.

Drawdown	Fall	Recovery	Underwater	Related event
-5.22%Mar 2026	17d	24d	1mo 11dMar 2026 - Apr 2026	—
-2.97%Jun 2026	7d	12d	19dJun 2026 - Jun 2026	—
-2.67%Nov 2025	7d	6d	13dNov 2025 - Nov 2025	—
-2.38%Jan 2026	2d	10d	12dJan 2026 - Feb 2026	—
-1.70%Oct 2025	3d	5d	8dOct 2025 - Oct 2025	—

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 73 assets, with an effective number of assets of 44.64, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest.

Diversification Ratio

	1Y	All Time
Diversification Ratio	1.78	1.82

The portfolio has a diversification ratio of 1.82, placing it in the top 5% across portfolios — assets in this portfolio move largely independently, providing strong diversification benefit.

test1 correlation to the S&P 500 Index

test1 has a 0.82 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (All Time) Calculated using the full available price history since Apr 15, 2025	0.80