portfolio dd

Asset Allocation

Position	Category/Sector	Target Weight
AIRR First Trust RBA American Industrial Renaissance ETF	Building & Construction	12.50%
GBTC Grayscale Bitcoin Trust (BTC)	Financial Services	12.50%
GLD SPDR Gold Shares	Gold, Precious Metals	12.50%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	Alternative Energy Equities	12.50%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	Financials Equities	12.50%
IYW iShares U.S. Technology ETF	Technology Equities	12.50%
PPA Invesco Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	12.50%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	12.50%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in portfolio dd, 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 May 4, 2015, corresponding to the inception date of GBTC

Returns By Period

As of Apr 3, 2026, the portfolio dd returned 1.25% Year-To-Date and 32.48% 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 portfolio dd	-0.37%	-3.62%	1.25%	0.63%	36.44%	34.80%	20.14%	32.48%
Portfolio components:
SMH VanEck Semiconductor ETF	0.09%	0.32%	8.94%	16.35%	83.82%	44.85%	26.17%	31.69%
IYW iShares U.S. Technology ETF	0.52%	-1.83%	-7.13%	-6.54%	29.96%	26.25%	15.97%	21.86%
AIRR First Trust RBA American Industrial Renaissance ETF	-0.26%	-3.57%	14.87%	16.32%	60.35%	33.36%	22.66%	20.74%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	0.79%	-2.52%	-6.98%	-4.22%	17.76%	24.05%	13.97%	17.97%
PPA Invesco Aerospace & Defense ETF	0.01%	-6.82%	8.36%	8.70%	43.44%	28.32%	19.16%	18.03%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	-0.55%	-1.93%	8.48%	8.95%	45.75%	20.80%	15.01%	18.39%
GBTC Grayscale Bitcoin Trust (BTC)	-1.70%	-1.94%	-23.71%	-45.06%	-24.09%	48.11%	0.50%	57.65%
GLD SPDR Gold Shares	-1.92%	-8.27%	8.35%	21.03%	49.02%	32.51%	21.53%	13.97%

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

Monthly Returns

Based on dividend-adjusted daily data since May 5, 2015, portfolio dd's average daily return is +0.12%, while the average monthly return is +2.43%. At this rate, your investment would double in approximately 2.4 years.

Historically, 66% of months were positive and 34% were negative. The best month was May 2017 with a return of +37.9%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 5 months.

On a daily basis, portfolio dd closed higher 54% of trading days. The best single day was Dec 18, 2017 with a return of +11.1%, while the worst single day was Mar 12, 2020 at -12.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.67%	-0.19%	-6.08%	1.27%									1.25%
2025	4.25%	-4.97%	-3.47%	4.11%	9.21%	7.40%	4.00%	0.49%	7.02%	3.10%	-3.26%	1.06%	31.63%
2024	0.79%	12.95%	6.59%	-4.45%	8.01%	-0.62%	2.53%	-0.08%	3.06%	1.18%	10.52%	-3.95%	41.12%
2023	13.80%	-1.27%	9.09%	-1.18%	0.78%	9.69%	2.76%	-2.03%	-4.64%	3.11%	10.55%	8.69%	59.26%
2022	-8.58%	2.02%	1.50%	-10.07%	-1.20%	-11.53%	11.93%	-5.94%	-9.26%	8.48%	4.74%	-5.11%	-23.35%
2021	0.83%	7.50%	5.02%	2.02%	-1.47%	0.34%	3.54%	3.42%	-5.39%	11.76%	-1.09%	-1.92%	26.11%

Benchmark Metrics

portfolio dd has an annualized alpha of 18.91%, beta of 0.98, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since May 05, 2015.

This portfolio captured 162.12% of S&P 500 Index gains but only 80.08% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 18.91% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.98 and R² of 0.56, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 18.91%

Beta: 0.98

R²: 0.56

Upside Capture: 162.12%

Downside Capture: 80.08%

Expense Ratio

portfolio dd has an expense ratio of 0.45%, 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.

AIRR

First Trust RBA American Industrial Renaissance ETF

GRID

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index

PPA

Invesco Aerospace & Defense ETF

IYW

iShares U.S. Technology ETF

IAI

iShares U.S. Broker-Dealers & Securities Exchanges ETF

GLD

SPDR Gold Shares

SMH

VanEck Semiconductor ETF

Return for Risk

Risk / Return Rank

portfolio dd ranks 77 for risk / return — better than 77% 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	1.67	0.88	+0.79
Sortino ratio Return per unit of downside risk	2.37	1.37	+1.00
Omega ratio Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio Return relative to maximum drawdown	3.00	1.39	+1.61
Martin ratio Return relative to average drawdown	10.84	6.43	+4.41
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
SMH VanEck Semiconductor ETF	94	2.28	2.89	1.41	5.34	18.94
IYW iShares U.S. Technology ETF	58	1.12	1.72	1.24	1.73	5.51
AIRR First Trust RBA American Industrial Renaissance ETF	92	2.15	2.84	1.37	4.91	17.07
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	35	0.74	1.13	1.16	1.19	3.57
PPA Invesco Aerospace & Defense ETF	89	2.01	2.71	1.38	3.30	12.97
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	92	2.14	2.93	1.40	4.02	14.90
GBTC Grayscale Bitcoin Trust (BTC)	20	-0.54	-0.53	0.94	-0.45	-0.95
GLD SPDR Gold Shares	80	1.77	2.19	1.32	2.57	9.28

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.

portfolio dd Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.67
5-Year: 0.96
10-Year: 1.36
All Time: 1.28

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 0.98 to 1.66, 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 portfolio dd 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

portfolio dd provided a 0.38% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.38%	0.38%	0.44%	0.61%	0.76%	0.43%	0.56%	0.77%	0.87%	1.41%	0.78%	0.96%
Portfolio components:
SMH VanEck Semiconductor ETF	0.28%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
IYW iShares U.S. Technology ETF	0.15%	0.14%	0.21%	0.34%	0.50%	0.31%	0.56%	0.72%	0.92%	0.82%	1.14%	1.12%
AIRR First Trust RBA American Industrial Renaissance ETF	0.15%	0.19%	0.18%	0.23%	0.12%	0.05%	0.10%	0.20%	0.43%	0.30%	0.08%	0.47%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	1.16%	0.95%	1.05%	1.80%	2.14%	1.31%	1.55%	1.52%	1.58%	1.37%	1.49%	1.31%
PPA Invesco Aerospace & Defense ETF	0.39%	0.42%	0.61%	0.67%	0.83%	0.59%	0.88%	0.95%	0.90%	0.67%	1.70%	1.41%
GRID First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index	0.91%	1.01%	1.06%	1.23%	1.26%	0.63%	0.68%	1.26%	1.28%	1.07%	1.07%	1.23%
GBTC Grayscale Bitcoin Trust (BTC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.61%	0.00%	0.00%
GLD SPDR Gold Shares	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 portfolio dd. 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 portfolio dd was 39.75%, occurring on Dec 24, 2018. Recovery took 258 trading sessions.

The current portfolio dd drawdown is 8.21%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-39.75%	Dec 19, 2017	255	Dec 24, 2018	258	Jan 3, 2020	513
-35.9%	Feb 20, 2020	20	Mar 18, 2020	97	Aug 5, 2020	117
-34.8%	Nov 10, 2021	234	Oct 14, 2022	270	Nov 10, 2023	504
-20.05%	Jan 24, 2025	52	Apr 8, 2025	24	May 13, 2025	76
-19.51%	May 6, 2015	78	Aug 25, 2015	75	Dec 10, 2015	153

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 8 assets, with an effective number of assets of 8.00, 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	GLD	GBTC	PPA	IAI	AIRR	SMH	GRID	IYW	Portfolio
Benchmark	1.00	0.02	0.25	0.73	0.75	0.72	0.77	0.72	0.88	0.74
GLD	0.02	1.00	0.09	0.05	-0.07	0.02	0.03	0.09	0.02	0.14
GBTC	0.25	0.09	1.00	0.20	0.23	0.20	0.24	0.24	0.25	0.72
PPA	0.73	0.05	0.20	1.00	0.67	0.75	0.53	0.61	0.56	0.64
IAI	0.75	-0.07	0.23	0.67	1.00	0.71	0.55	0.61	0.59	0.64
AIRR	0.72	0.02	0.20	0.75	0.71	1.00	0.57	0.70	0.55	0.67
SMH	0.77	0.03	0.24	0.53	0.55	0.57	1.00	0.65	0.87	0.69
GRID	0.72	0.09	0.24	0.61	0.61	0.70	0.65	1.00	0.64	0.69
IYW	0.88	0.02	0.25	0.56	0.59	0.55	0.87	0.64	1.00	0.69
Portfolio	0.74	0.14	0.72	0.64	0.64	0.67	0.69	0.69	0.69	1.00

The correlation results are calculated based on daily price changes starting from May 5, 2015

portfolio dd

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