Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
QQQ Invesco QQQ ETF | Nasdaq-100 | 40% |
FXI iShares China Large-Cap ETF | China Equities | 30% |
EWS iShares MSCI Singapore ETF | Asia Pacific Equities | 20% |
GLD SPDR Gold Shares | Gold, Precious Metals | 10% |
Find the right asset allocation for 2025 Base - QQQ/China
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in 2025 Base - QQQ/China, 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 13, 2026, the 2025 Base - QQQ/China returned 6.03% Year-To-Date and 13.14% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.50% | 0.31% | 8.56% | 8.85% | 24.33% | 19.37% | 11.84% | 13.61% |
Portfolio 2025 Base - QQQ/China | 0.58% | -0.43% | 6.03% | 6.20% | 20.77% | 21.62% | 10.25% | 13.14% |
| Portfolio components: | ||||||||
EWS iShares MSCI Singapore ETF | 0.07% | 0.69% | 5.96% | 7.68% | 18.15% | 20.28% | 8.93% | 7.88% |
FXI iShares China Large-Cap ETF | 1.09% | -2.51% | -7.83% | -8.72% | -1.10% | 10.41% | -3.08% | 3.13% |
GLD SPDR Gold Shares | 0.06% | -7.37% | -2.47% | -2.25% | 22.21% | 28.89% | 17.08% | 12.15% |
QQQ Invesco QQQ ETF | 0.59% | 1.75% | 17.57% | 17.85% | 37.55% | 26.43% | 16.85% | 21.79% |
Monthly Returns
Based on dividend-adjusted daily data since Nov 18, 2004, 2025 Base - QQQ/China's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2022 with a return of +14.5%, while the worst month was Oct 2008 at -21.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 8 months.
On a daily basis, 2025 Base - QQQ/China closed higher 54% of trading days. The best single day was Oct 28, 2008 with a return of +13.7%, while the worst single day was Oct 15, 2008 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.26% | -1.34% | -4.65% | 7.42% | 3.42% | -1.74% | 6.03% | ||||||
| 2025 | 3.65% | 2.90% | -0.85% | -0.07% | 5.85% | 5.07% | 1.84% | 3.28% | 5.19% | 1.30% | -0.27% | -0.78% | 30.34% |
| 2024 | -3.32% | 4.49% | 2.80% | 0.83% | 4.72% | 1.79% | 0.16% | 2.39% | 9.17% | -0.84% | 1.89% | 0.33% | 26.68% |
| 2023 | 10.13% | -5.46% | 7.05% | -0.88% | -0.41% | 4.37% | 7.00% | -5.30% | -3.72% | -2.15% | 4.68% | 3.35% | 18.61% |
| 2022 | -2.84% | -3.70% | -0.87% | -7.90% | -0.50% | -2.54% | 2.77% | -3.28% | -9.85% | -4.15% | 14.45% | -2.67% | -20.73% |
| 2021 | 1.74% | -0.35% | 0.29% | 2.93% | 0.38% | 1.48% | -2.09% | 1.68% | -4.32% | 5.48% | -2.13% | -0.16% | 4.65% |
Benchmark Metrics
2025 Base - QQQ/China has an annualized alpha of 2.92%, beta of 0.95, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 18, 2004.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (97.50%) than losses (87.01%) - typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 2.92% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.95 and R2 of 0.76, 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
- 2.92%
- Beta
- 0.95
- R²
- 0.76
- Upside Capture
- 97.50%
- Downside Capture
- 87.01%
Expense Ratio
2025 Base - QQQ/China has an expense ratio of 0.43%, 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.
Return for Risk
Risk / Return Rank
2025 Base - QQQ/China ranks 21 for risk / return — below 21% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for 2025 Base - QQQ/China 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 | 1.33 | 1.86 | -0.53 |
| Sortino ratioReturn per unit of downside risk | 1.86 | 2.53 | -0.68 |
| Omega ratioGain probability vs. loss probability | 1.24 | 1.34 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 2.53 | -0.80 |
| Martin ratioReturn relative to average drawdown | 5.95 | 11.37 | -5.42 |
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 |
|---|---|---|---|---|---|---|
EWS iShares MSCI Singapore ETF | 38 | 1.15 | 1.69 | 1.21 | 2.24 | 5.40 |
FXI iShares China Large-Cap ETF | 7 | -0.15 | -0.07 | 0.99 | -0.18 | -0.38 |
GLD SPDR Gold Shares | 25 | 0.87 | 1.24 | 1.18 | 0.98 | 2.81 |
QQQ Invesco QQQ ETF | 69 | 2.09 | 2.73 | 1.37 | 3.01 | 11.22 |
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Dividends
Dividend yield
2025 Base - QQQ/China provided a 1.72% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.72% | 1.73% | 1.61% | 2.50% | 1.62% | 1.85% | 1.41% | 2.06% | 2.01% | 1.72% | 2.02% | 2.11% |
| Portfolio components: | ||||||||||||
EWS iShares MSCI Singapore ETF | 3.87% | 4.10% | 4.28% | 6.50% | 2.56% | 6.00% | 2.68% | 4.70% | 4.21% | 3.46% | 3.96% | 4.20% |
FXI iShares China Large-Cap ETF | 2.62% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
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% |
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% |
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 2025 Base - QQQ/China. 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 2025 Base - QQQ/China was 57.27%, occurring on Nov 20, 2008. Recovery took 607 trading sessions.
The current 2025 Base - QQQ/China drawdown is 3.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.27%Nov 2008 | 1y 20d | 2y 5mo | 3y 5moNov 2007 - Apr 2011 |
Bear market2022 | -33.28%Nov 2022 | 11mo 21d | 1y 6mo | 2y 6moNov 2021 - May 2024 |
2016 bear market2016 | -25.07%Feb 2016 | 9mo 16d | 1y 2mo | 1y 12moApr 2015 - Apr 2017 |
COVID crash2020 | -24.05%Mar 2020 | 2mo 2d | 3mo 11d | 5mo 13dJan 2020 - Jul 2020 |
2011 correction2011 | -19.99%Oct 2011 | 5mo 8d | 4mo 16d | 9mo 24dApr 2011 - Feb 2012 |
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 3.33, 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 | 1.27 | 1.30 | 1.28 | 1.24 | 1.20 |
The portfolio has a diversification ratio of 1.20, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.
2025 Base - QQQ/China correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2004 | 0.82 |
Benchmark Correlations
Correlation vs. S&P 500 Index. QQQ has the highest benchmark correlation at 0.89, while GLD has the lowest at 0.07.
Asset Correlations Table
Find what 2025 Base - QQQ/China is missing
See which holdings overlap, where 2025 Base - QQQ/China is concentrated, and which low-correlation assets could fill the gaps.
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