Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CWB SPDR Bloomberg Barclays Convertible Securities ETF | Preferred Stock/Convertible Bonds | 20% |
GLD SPDR Gold Shares | Gold, Precious Metals | 20% |
GSG iShares S&P GSCI Commodity-Indexed Trust | Commodities | 20% |
VT Vanguard Total World Stock ETF | Global Equities | 40% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dragon Portfolio US ETF, 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 year.
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The earliest data available for this chart is Apr 16, 2009, corresponding to the inception date of CWB
Returns By Period
As of Apr 4, 2026, the Dragon Portfolio US ETF returned 11.26% Year-To-Date and 12.52% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio Dragon Portfolio US ETF | 0.91% | 1.02% | 11.26% | 14.81% | 38.26% | 20.43% | 13.51% | 12.52% |
| Portfolio components: | ||||||||
GLD SPDR Gold Shares | -1.92% | -8.98% | 8.35% | 20.07% | 49.92% | 32.51% | 21.53% | 13.97% |
VT Vanguard Total World Stock ETF | -0.23% | -3.83% | -0.97% | 1.25% | 26.32% | 16.97% | 9.38% | 11.66% |
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 0.90% | -0.62% | 4.97% | 2.12% | 26.68% | 13.89% | 4.08% | 11.32% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 4.83% | 20.80% | 45.06% | 47.03% | 52.25% | 17.42% | 18.79% | 9.67% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 17, 2009, Dragon Portfolio US ETF's average daily return is +0.04%, while the average monthly return is +0.84%. At this rate, your investment would double in approximately 6.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was May 2009 with a return of +11.2%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Dragon Portfolio US ETF closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +6.4%, while the worst single day was Mar 16, 2020 at -7.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.74% | 3.08% | -0.44% | 1.57% | 11.26% | ||||||||
| 2025 | 3.88% | -0.33% | 0.54% | -0.08% | 3.16% | 3.41% | 1.47% | 2.60% | 5.16% | 2.42% | 0.93% | 0.53% | 26.24% |
| 2024 | 0.31% | 2.24% | 4.29% | -1.35% | 2.25% | 0.93% | 1.73% | 1.19% | 2.58% | 0.38% | 2.06% | -1.83% | 15.65% |
| 2023 | 5.38% | -3.51% | 2.60% | 0.29% | -1.65% | 3.68% | 4.51% | -1.93% | -2.52% | -1.42% | 4.39% | 3.06% | 13.07% |
| 2022 | -1.31% | 1.93% | 3.37% | -3.59% | 0.55% | -6.33% | 2.52% | -2.82% | -7.16% | 4.02% | 4.66% | -2.00% | -6.82% |
| 2021 | 0.64% | 2.59% | -0.32% | 4.59% | 2.29% | 0.68% | 0.78% | 0.71% | -1.27% | 4.35% | -4.66% | 3.84% | 14.77% |
Benchmark Metrics
Dragon Portfolio US ETF has an annualized alpha of 2.03%, beta of 0.61, and R² of 0.70 versus S&P 500 Index. Calculated based on daily prices since April 17, 2009.
- This portfolio participated in 69.47% of S&P 500 Index downside but only 67.20% of its upside — more exposed to losses than it benefited from rallies.
- This portfolio generated an annualized alpha of 2.03% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 0.61 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
- 2.03%
- Beta
- 0.61
- R²
- 0.70
- Upside Capture
- 67.20%
- Downside Capture
- 69.47%
Expense Ratio
Dragon Portfolio US ETF has an expense ratio of 0.33%, 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
Dragon Portfolio US ETF ranks 94 for risk / return — in the top 94% 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 | 2.49 | 0.88 | +1.61 |
Sortino ratioReturn per unit of downside risk | 3.29 | 1.37 | +1.93 |
Omega ratioGain probability vs. loss probability | 1.52 | 1.21 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 3.75 | 1.39 | +2.36 |
Martin ratioReturn relative to average drawdown | 19.84 | 6.43 | +13.41 |
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 | |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 78 | 1.77 | 2.19 | 1.32 | 2.57 | 9.28 |
VT Vanguard Total World Stock ETF | 66 | 1.24 | 1.83 | 1.27 | 1.86 | 8.47 |
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 80 | 1.59 | 2.18 | 1.30 | 3.14 | 10.35 |
GSG iShares S&P GSCI Commodity-Indexed Trust | 89 | 2.13 | 2.88 | 1.39 | 3.94 | 10.99 |
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Dividends
Dividend yield
Dragon Portfolio US ETF provided a 1.04% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.04% | 1.07% | 1.15% | 1.23% | 1.32% | 1.12% | 1.13% | 1.53% | 2.25% | 1.69% | 1.88% | 2.49% |
| Portfolio components: | ||||||||||||
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% |
VT Vanguard Total World Stock ETF | 1.80% | 1.82% | 1.95% | 2.08% | 2.20% | 1.82% | 1.66% | 2.32% | 2.53% | 2.11% | 2.39% | 2.45% |
CWB SPDR Bloomberg Barclays Convertible Securities ETF | 1.60% | 1.69% | 1.85% | 1.97% | 2.21% | 1.97% | 2.34% | 3.03% | 6.17% | 4.25% | 4.60% | 7.52% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 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 Dragon Portfolio US ETF. 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 Dragon Portfolio US ETF was 27.55%, occurring on Mar 23, 2020. Recovery took 89 trading sessions.
The current Dragon Portfolio US ETF drawdown is 0.29%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.55% | Feb 20, 2020 | 23 | Mar 23, 2020 | 89 | Jul 29, 2020 | 112 |
| -25.69% | Jul 2, 2014 | 391 | Jan 20, 2016 | 454 | Nov 6, 2017 | 845 |
| -18.29% | Mar 28, 2022 | 126 | Sep 26, 2022 | 335 | Jan 26, 2024 | 461 |
| -16.52% | May 2, 2011 | 108 | Oct 3, 2011 | 319 | Jan 10, 2013 | 427 |
| -15.33% | Jan 29, 2018 | 229 | Dec 24, 2018 | 135 | Jul 10, 2019 | 364 |
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 3.57, 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 | GSG | CWB | VT | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.06 | 0.34 | 0.80 | 0.95 | 0.78 |
| GLD | 0.06 | 1.00 | 0.23 | 0.09 | 0.14 | 0.44 |
| GSG | 0.34 | 0.23 | 1.00 | 0.30 | 0.39 | 0.68 |
| CWB | 0.80 | 0.09 | 0.30 | 1.00 | 0.80 | 0.75 |
| VT | 0.95 | 0.14 | 0.39 | 0.80 | 1.00 | 0.85 |
| Portfolio | 0.78 | 0.44 | 0.68 | 0.75 | 0.85 | 1.00 |