Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
EELV Invesco S&P Emerging Markets Low Volatility ETF | Volatility Hedged Equity | 10% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | Foreign Large Cap Equities | 30% |
IDV iShares International Select Dividend ETF | Global Equities, Dividend | 25% |
SPMO Invesco S&P 500 Momentum ETF | S&P 500 | 35% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in RIce Alpha FINAL, 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 Oct 12, 2015, corresponding to the inception date of SPMO
Returns By Period
As of Apr 3, 2026, the RIce Alpha FINAL returned 3.48% Year-To-Date and 11.58% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio RIce Alpha FINAL | 0.17% | -0.72% | 3.48% | 6.94% | 28.17% | 21.46% | 12.93% | 11.58% |
| Portfolio components: | ||||||||
SPMO Invesco S&P 500 Momentum ETF | 0.21% | -3.49% | -3.57% | -4.50% | 22.96% | 28.37% | 17.71% | 17.43% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 0.14% | 0.55% | 6.71% | 9.88% | 22.08% | 14.12% | 7.69% | 6.52% |
IDV iShares International Select Dividend ETF | 0.30% | 0.77% | 8.93% | 19.54% | 44.88% | 22.73% | 12.82% | 10.28% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | -0.18% | -0.22% | 3.57% | 7.44% | 20.35% | 11.19% | 8.00% | 6.35% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 13, 2015, RIce Alpha FINAL's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, your investment would double in approximately 6.2 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +10.2%, while the worst month was Mar 2020 at -12.9%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RIce Alpha FINAL closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +7.9%, while the worst single day was Mar 16, 2020 at -12.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.13% | 3.90% | -4.56% | 1.19% | 3.48% | ||||||||
| 2025 | 3.88% | 2.13% | 0.14% | 3.81% | 6.13% | 4.37% | 0.27% | 2.81% | 1.92% | 0.65% | 1.14% | 1.41% | 32.52% |
| 2024 | 1.10% | 4.50% | 3.01% | -2.97% | 5.19% | 1.36% | 2.66% | 3.86% | 1.66% | -2.78% | 2.28% | -2.59% | 18.23% |
| 2023 | 3.58% | -4.03% | 2.02% | 2.91% | -4.97% | 3.72% | 2.67% | -1.38% | -1.95% | -2.08% | 7.61% | 5.49% | 13.52% |
| 2022 | -2.76% | -1.15% | 1.61% | -6.00% | 1.30% | -8.06% | 4.45% | -4.09% | -8.61% | 7.08% | 8.52% | -1.03% | -9.97% |
| 2021 | -0.35% | 0.42% | 2.64% | 3.56% | 1.49% | 2.00% | 1.37% | 2.59% | -4.01% | 3.95% | -3.17% | 3.72% | 14.77% |
Benchmark Metrics
RIce Alpha FINAL has an annualized alpha of 2.05%, beta of 0.75, and R² of 0.83 versus S&P 500 Index. Calculated based on daily prices since October 13, 2015.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (75.52%) than losses (72.53%) — typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 2.05% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.05%
- Beta
- 0.75
- R²
- 0.83
- Upside Capture
- 75.52%
- Downside Capture
- 72.53%
Expense Ratio
RIce Alpha FINAL has an expense ratio of 0.26%, 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.
Return for Risk
Risk / Return Rank
RIce Alpha FINAL ranks 88 for risk / return — in the top 88% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 0.88 | +1.11 |
Sortino ratioReturn per unit of downside risk | 2.79 | 1.37 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.01 | 1.39 | +1.62 |
Martin ratioReturn relative to average drawdown | 14.47 | 6.43 | +8.03 |
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 | |
|---|---|---|---|---|---|---|
SPMO Invesco S&P 500 Momentum ETF | 58 | 1.01 | 1.55 | 1.23 | 1.91 | 6.68 |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 85 | 1.82 | 2.42 | 1.35 | 3.06 | 11.14 |
IDV iShares International Select Dividend ETF | 96 | 2.89 | 3.59 | 1.59 | 4.17 | 18.36 |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 80 | 1.67 | 2.32 | 1.33 | 2.49 | 9.15 |
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Dividends
Dividend yield
RIce Alpha FINAL provided a 2.72% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.72% | 2.83% | 3.22% | 3.52% | 3.52% | 2.81% | 2.49% | 3.35% | 3.40% | 2.43% | 3.26% | 2.39% |
| Portfolio components: | ||||||||||||
SPMO Invesco S&P 500 Momentum ETF | 0.88% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
EFAV iShares Edge MSCI Min Vol EAFE ETF | 3.00% | 3.20% | 3.24% | 3.08% | 2.53% | 2.47% | 1.33% | 4.19% | 3.34% | 2.45% | 3.94% | 2.49% |
IDV iShares International Select Dividend ETF | 4.59% | 4.94% | 6.46% | 6.51% | 7.33% | 5.78% | 5.47% | 5.15% | 5.93% | 4.52% | 4.69% | 5.08% |
EELV Invesco S&P Emerging Markets Low Volatility ETF | 3.62% | 3.75% | 4.70% | 4.00% | 3.45% | 4.35% | 2.82% | 3.14% | 5.50% | 2.92% | 2.29% | 2.53% |
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 RIce Alpha FINAL. 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 RIce Alpha FINAL was 32.55%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.
The current RIce Alpha FINAL drawdown is 3.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.55% | Feb 20, 2020 | 23 | Mar 23, 2020 | 163 | Nov 11, 2020 | 186 |
| -22.73% | Jan 13, 2022 | 177 | Sep 27, 2022 | 312 | Dec 22, 2023 | 489 |
| -15.16% | Sep 28, 2018 | 60 | Dec 24, 2018 | 121 | Jun 19, 2019 | 181 |
| -10.68% | Mar 26, 2025 | 10 | Apr 8, 2025 | 11 | Apr 24, 2025 | 21 |
| -10.15% | Nov 4, 2015 | 53 | Jan 21, 2016 | 47 | Mar 30, 2016 | 100 |
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 4 assets, with an effective number of assets of 3.51, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | SPMO | EELV | EFAV | IDV | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.78 | 0.63 | 0.67 | 0.68 | 0.85 |
| SPMO | 0.78 | 1.00 | 0.47 | 0.51 | 0.50 | 0.81 |
| EELV | 0.63 | 0.47 | 1.00 | 0.69 | 0.74 | 0.76 |
| EFAV | 0.67 | 0.51 | 0.69 | 1.00 | 0.82 | 0.85 |
| IDV | 0.68 | 0.50 | 0.74 | 0.82 | 1.00 | 0.86 |
| Portfolio | 0.85 | 0.81 | 0.76 | 0.85 | 0.86 | 1.00 |