FIRE portfolio REAL

Asset Allocation

Position	Category/Sector	Target Weight
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	Global Equity Income	29%
4GLD.DE Xetra-Gold	Gold, Precious Metals	28%
QQQ Invesco QQQ ETF	Nasdaq-100	18%
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	Global Equities	15%
ZURN.SW Zurich Insurance Group AG	Financial Services	6%
CHDVD.SW iShares Swiss Dividend ETF (CH)	Europe Equities	4%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

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Performance

Performance Chart

The chart shows the growth of an initial investment of €10,000 in FIRE portfolio REAL, 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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Returns By Period

As of Jun 9, 2026, the FIRE portfolio REAL returned 9.35% Year-To-Date and 15.08% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.18%	2.27%	10.18%	9.14%	21.92%	17.11%	13.13%	13.17%
Portfolio FIRE portfolio REAL	0.26%	0.41%	9.35%	11.43%	27.24%	22.71%	17.93%	15.08%
Portfolio components:
4GLD.DE Xetra-Gold	0.57%	-3.86%	2.80%	6.64%	31.48%	28.18%	19.85%	13.36%
CHDVD.SW iShares Swiss Dividend ETF (CH)	1.09%	0.46%	2.60%	6.46%	9.60%	11.75%	10.73%	11.60%
QQQ Invesco QQQ ETF	0.00%	1.41%	17.17%	14.37%	32.22%	23.62%	17.92%	21.12%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	0.25%	1.38%	9.89%	12.76%	24.86%	19.97%	17.52%	12.02%
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	-0.27%	2.33%	11.42%	11.69%	24.20%	17.29%	11.98%	12.34%
ZURN.SW Zurich Insurance Group AG	0.71%	1.31%	-2.38%	2.95%	1.80%	16.54%	17.73%	17.31%

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

Monthly Returns

Based on dividend-adjusted daily data since May 24, 2016, FIRE portfolio REAL's average daily return is +0.06%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.

Historically, 73% of months were positive and 27% were negative. The best month was Apr 2020 with a return of +7.6%, while the worst month was Mar 2020 at -7.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, FIRE portfolio REAL closed higher 57% of trading days. The best single day was Mar 24, 2020 with a return of +7.5%, while the worst single day was Mar 12, 2020 at -7.7%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.20%	4.19%	-4.88%	3.90%	3.14%	-1.17%							9.35%
2025	5.10%	1.68%	-1.87%	-1.87%	3.41%	-1.04%	3.45%	1.31%	4.45%	3.87%	2.56%	1.89%	25.11%
2024	2.15%	1.68%	4.95%	-0.20%	2.41%	2.04%	1.92%	0.25%	2.62%	1.97%	4.15%	-0.31%	26.22%
2023	4.85%	-0.30%	1.67%	0.51%	2.29%	0.78%	2.62%	-0.87%	-0.88%	0.17%	3.53%	2.92%	18.50%
2022	0.50%	0.22%	4.42%	-0.21%	-2.01%	-4.30%	5.59%	-1.38%	-4.47%	2.56%	2.91%	-3.39%	-0.16%
2021	0.27%	-0.01%	5.59%	0.95%	1.88%	1.21%	1.96%	2.21%	-1.96%	3.57%	0.92%	3.82%	22.18%

Benchmark Metrics

FIRE portfolio REAL has an annualized alpha of 8.61%, beta of 0.43, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since May 24, 2016.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (65.30%) than losses (37.87%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 8.61% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Beta of 0.43 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: 8.61%

Beta: 0.43

R²: 0.55

Upside Capture: 65.30%

Downside Capture: 37.87%

Expense Ratio

FIRE portfolio REAL has an expense ratio of 0.18%, 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.

TDIV.AS

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

VWRL.L

Vanguard FTSE All-World UCITS ETF Distributing

QQQ

Invesco QQQ ETF

CHDVD.SW

iShares Swiss Dividend ETF (CH)

4GLD.DE

Xetra-Gold

Return for Risk

Risk / Return Rank

FIRE portfolio REAL ranks 78 for risk / return — better than 78% 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

The table below presents risk-adjusted performance metrics for FIRE portfolio REAL and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	2.65	1.79	+0.86
Sortino ratioReturn per unit of downside risk	3.61	2.33	+1.28
Omega ratioGain probability vs. loss probability	1.51	1.33	+0.18
Calmar ratioReturn relative to maximum drawdown	3.41	2.91	+0.50
Martin ratioReturn relative to average drawdown	15.29	10.82	+4.47
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.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
4GLD.DE Xetra-Gold	39	1.31	1.76	1.26	1.82	4.63
CHDVD.SW iShares Swiss Dividend ETF (CH)	25	0.80	1.22	1.15	1.03	3.08
QQQ Invesco QQQ ETF	62	1.95	2.49	1.35	2.94	9.15
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	91	2.79	3.99	1.51	7.19	19.93
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	77	2.17	3.06	1.41	3.58	14.99
ZURN.SW Zurich Insurance Group AG	43	0.10	0.24	1.03	0.17	0.36

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.

FIRE portfolio REAL Sharpe ratios as of Jun 9, 2026 (values are recalculated daily):

1-Year: 2.65
5-Year: 1.83
10-Year: 1.39
All Time: 1.40

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 1.63 to 2.51, 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 FIRE portfolio REAL 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

FIRE portfolio REAL provided a 1.64% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.64%	1.75%	1.96%	2.28%	2.20%	1.87%	1.98%	2.12%	2.45%	2.07%	1.28%	1.00%
Portfolio components:
4GLD.DE Xetra-Gold	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CHDVD.SW iShares Swiss Dividend ETF (CH)	3.23%	3.46%	3.32%	3.48%	3.48%	2.92%	3.07%	3.25%	3.83%	3.50%	2.70%	3.13%
QQQ Invesco QQQ ETF	0.39%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.19%	3.58%	4.19%	4.98%	4.55%	3.98%	4.12%	4.40%	4.93%	3.95%	1.11%	0.00%
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing	1.26%	1.39%	1.49%	1.72%	2.03%	1.45%	1.58%	1.95%	2.22%	1.90%	1.95%	2.00%
ZURN.SW Zurich Insurance Group AG	5.47%	4.65%	4.83%	5.46%	4.97%	5.00%	5.35%	4.78%	6.14%	5.73%	6.06%	6.58%

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 FIRE portfolio REAL. 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 FIRE portfolio REAL was 25.31%, occurring on Mar 16, 2020. Recovery took 176 trading sessions.

The current FIRE portfolio REAL drawdown is 1.28%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-25.31%Mar 2020	25d	8mo 7d	9mo 2dFeb 2020 - Nov 2020
2025 selloff2025	-12.30%Apr 2025	1mo 16d	3mo 17d	5mo 3dFeb 2025 - Jul 2025
Bear market2022	-8.85%Oct 2022	1mo 27d	6mo 27d	8mo 24dAug 2022 - May 2023
Bear market2022	-8.63%Jun 2022	1mo 28d	2mo 1d	3mo 29dApr 2022 - Aug 2022
Rate-hike selloffLate 2018	-8.43%Dec 2018	2mo 21d	1mo 13d	4mo 4dOct 2018 - Feb 2019

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 6 assets, with an effective number of assets of 4.49, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.53	1.59	1.61	1.50	1.50

The portfolio has a diversification ratio of 1.50, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

FIRE portfolio REAL correlation to the S&P 500 Index

FIRE portfolio REAL has a 0.54 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) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 24, 2016	0.69

Benchmark Correlations

Correlation vs. S&P 500 Index. QQQ has the highest benchmark correlation at 0.91, while 4GLD.DE has the lowest at 0.02.

0.02

0.26

0.33

0.42

0.63

0.91

Portfolio Correlations

Correlation vs. FIRE portfolio REAL. VWRL.L has the highest portfolio correlation at 0.78, while 4GLD.DE has the lowest at 0.39.

0.39

0.50

0.59

0.64

0.73

0.78

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	4GLD.DE	ZURN.SW	QQQ	CHDVD.SW	TDIV.AS	VWRL.L
4GLD.DE	1.00	-0.02	0.02	0.03	0.01	0.02
ZURN.SW	-0.02	1.00	0.16	0.70	0.58	0.45
QQQ	0.02	0.16	1.00	0.24	0.28	0.57
CHDVD.SW	0.03	0.70	0.24	1.00	0.62	0.58
TDIV.AS	0.01	0.58	0.28	0.62	1.00	0.69
VWRL.L	0.02	0.45	0.57	0.58	0.69	1.00

The correlation results are calculated based on daily price changes starting from May 24, 2016

Diversification Analysis

Find what FIRE portfolio REAL is missing

See which holdings overlap, where FIRE portfolio REAL is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification