Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
EWS iShares MSCI Singapore ETF | Asia Pacific Equities | 20% |
FXI iShares China Large-Cap ETF | China Equities | 30% |
GLD SPDR Gold Shares | Gold, Precious Metals | 10% |
QQQ Invesco QQQ ETF | Large Cap Growth Equities | 40% |
Performance
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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The earliest data available for this chart is Nov 18, 2004, corresponding to the inception date of GLD
Returns By Period
As of Apr 4, 2026, the 2025 Base - QQQ/China returned -2.58% Year-To-Date and 12.08% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.63% | -3.84% | -1.98% | 29.73% | 16.86% | 10.37% | 12.29% |
Portfolio 2025 Base - QQQ/China | -0.28% | -1.71% | -2.58% | -3.28% | 31.15% | 19.62% | 8.92% | 12.08% |
| Portfolio components: | ||||||||
QQQ Invesco QQQ ETF | 0.11% | -3.81% | -4.65% | -2.77% | 39.07% | 22.97% | 13.18% | 19.05% |
GLD SPDR Gold Shares | -1.92% | -7.88% | 8.35% | 20.07% | 53.51% | 32.51% | 21.53% | 13.97% |
EWS iShares MSCI Singapore ETF | -0.67% | 3.78% | 2.84% | -0.32% | 35.14% | 18.09% | 8.61% | 7.24% |
FXI iShares China Large-Cap ETF | 0.00% | -0.06% | -7.13% | -13.22% | 11.34% | 9.20% | -3.44% | 3.15% |
Monthly Returns
Based on dividend-adjusted daily data since Nov 19, 2004, 2025 Base - QQQ/China's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, your investment would double in approximately 6.0 years.
Historically, 60% of months were positive and 40% 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% | 0.29% | -2.58% | ||||||||
| 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 3.12%, beta of 0.95, and R² of 0.76 versus S&P 500 Index. Calculated based on daily prices since November 19, 2004.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (98.34%) than losses (86.91%) — typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 3.12% 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
- 3.12%
- Beta
- 0.95
- R²
- 0.76
- Upside Capture
- 98.34%
- Downside Capture
- 86.91%
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 31 for risk / return — below 31% 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
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.05 | 0.88 | +0.17 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.37 | +0.23 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.39 | +0.06 |
Martin ratioReturn relative to average drawdown | 5.82 | 6.43 | -0.62 |
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 | |
|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 58 | 1.04 | 1.62 | 1.23 | 1.93 | 7.00 |
GLD SPDR Gold Shares | 78 | 1.77 | 2.19 | 1.32 | 2.57 | 9.28 |
EWS iShares MSCI Singapore ETF | 58 | 1.16 | 1.75 | 1.26 | 1.52 | 6.54 |
FXI iShares China Large-Cap ETF | 13 | 0.11 | 0.32 | 1.04 | 0.12 | 0.33 |
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Dividends
Dividend yield
2025 Base - QQQ/China provided a 1.77% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.77% | 1.73% | 1.61% | 2.50% | 1.62% | 1.85% | 1.41% | 2.06% | 2.01% | 1.72% | 2.02% | 2.11% |
| Portfolio components: | ||||||||||||
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
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% |
EWS iShares MSCI Singapore ETF | 3.98% | 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 | 2.60% | 2.42% | 1.76% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% |
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 8.48%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -57.27% | Nov 1, 2007 | 267 | Nov 20, 2008 | 607 | Apr 20, 2011 | 874 |
| -33.28% | Nov 17, 2021 | 243 | Nov 3, 2022 | 383 | May 15, 2024 | 626 |
| -25.07% | Apr 29, 2015 | 198 | Feb 9, 2016 | 304 | Apr 25, 2017 | 502 |
| -24.05% | Jan 21, 2020 | 44 | Mar 23, 2020 | 71 | Jul 2, 2020 | 115 |
| -19.99% | Apr 28, 2011 | 110 | Oct 3, 2011 | 94 | Feb 16, 2012 | 204 |
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. 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 | GLD | FXI | EWS | QQQ | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.06 | 0.60 | 0.65 | 0.89 | 0.82 |
| GLD | 0.06 | 1.00 | 0.13 | 0.17 | 0.05 | 0.21 |
| FXI | 0.60 | 0.13 | 1.00 | 0.67 | 0.56 | 0.88 |
| EWS | 0.65 | 0.17 | 0.67 | 1.00 | 0.59 | 0.81 |
| QQQ | 0.89 | 0.05 | 0.56 | 0.59 | 1.00 | 0.83 |
| Portfolio | 0.82 | 0.21 | 0.88 | 0.81 | 0.83 | 1.00 |