Top 10 of VXUS

Asset Allocation

Position	Category/Sector	Target Weight
ASML ASML Holding N.V.	Technology	9%
AZN AstraZeneca PLC	Healthcare	6.50%
BHP BHP Group	Basic Materials	3.50%
HSBC HSBC Holdings plc	Financial Services	5.50%
MUFG Mitsubishi UFJ Financial Group, Inc.	Financial Services	4.50%
NVO Novo Nordisk A/S	Healthcare	4.50%
NVS Novartis AG	Healthcare	5.50%
RY Royal Bank of Canada	Financial Services	6%
SAP SAP SE	Technology	5.50%
SHEL Shell plc	Energy	5.50%
SHOP Shopify Inc.	Technology	4.50%
SONY Sony Group Corporation	Technology	4.50%
TD The Toronto-Dominion Bank	Financial Services	3.50%
TM Toyota Motor Corporation	Consumer Cyclical	5.50%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	26%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Top 10 of VXUS, 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 21, 2015, corresponding to the inception date of SHOP

Returns By Period

As of Apr 4, 2026, the Top 10 of VXUS returned 5.28% Year-To-Date and 24.33% 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 Top 10 of VXUS	-0.49%	-3.46%	5.28%	8.98%	55.64%	32.28%	20.54%	24.33%
Portfolio components:
ASML ASML Holding N.V.	-3.13%	-5.87%	23.29%	28.01%	113.73%	26.32%	16.83%	30.54%
TSM Taiwan Semiconductor Manufacturing Company Limited	-0.72%	-4.88%	11.88%	16.66%	118.04%	56.27%	24.16%	32.63%
AZN AstraZeneca PLC	1.37%	0.97%	12.99%	21.76%	41.50%	15.99%	18.18%	16.94%
SAP SAP SE	0.24%	-12.17%	-29.29%	-36.51%	-34.45%	12.19%	8.09%	9.54%
SHEL Shell plc	1.16%	12.58%	27.88%	29.58%	38.80%	20.18%	24.80%	11.74%
HSBC HSBC Holdings plc	-1.23%	-0.46%	10.32%	21.03%	66.07%	44.61%	31.34%	17.17%
NVS Novartis AG	-0.68%	-3.89%	15.12%	19.89%	41.38%	22.68%	16.63%	11.80%
RY Royal Bank of Canada	-0.02%	-1.54%	-3.48%	12.81%	46.58%	23.42%	16.38%	15.45%
TM Toyota Motor Corporation	-1.27%	-11.08%	-3.29%	6.38%	24.99%	16.01%	8.76%	10.30%
SHOP Shopify Inc.	-0.23%	-8.79%	-26.54%	-26.62%	43.70%	35.36%	0.46%	44.74%

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

Monthly Returns

Based on dividend-adjusted daily data since May 22, 2015, Top 10 of VXUS's average daily return is +0.08%, while the average monthly return is +1.72%. At this rate, your investment would double in approximately 3.4 years.

Historically, 64% of months were positive and 36% were negative. The best month was Nov 2022 with a return of +20.2%, while the worst month was Sep 2022 at -11.8%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Top 10 of VXUS closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +9.1%, while the worst single day was Mar 16, 2020 at -10.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.39%	5.79%	-7.28%	0.88%									5.28%
2025	5.54%	-1.55%	-3.30%	0.54%	8.30%	6.08%	-0.72%	5.05%	9.01%	3.68%	0.18%	3.49%	41.82%
2024	4.85%	5.79%	4.22%	-0.83%	5.15%	5.49%	-0.86%	3.53%	-1.02%	-1.46%	2.17%	0.82%	31.14%
2023	14.99%	-4.68%	5.07%	-0.81%	4.32%	4.95%	1.84%	-3.88%	-2.64%	-2.18%	11.21%	5.61%	36.94%
2022	-0.01%	-4.78%	1.67%	-9.36%	2.51%	-9.55%	5.66%	-6.42%	-11.80%	3.76%	20.19%	-4.69%	-15.68%
2021	3.11%	5.66%	-0.43%	2.49%	3.83%	1.99%	1.13%	1.48%	-3.19%	4.72%	-2.04%	4.11%	24.93%

Benchmark Metrics

Top 10 of VXUS has an annualized alpha of 10.16%, beta of 0.97, and R² of 0.72 versus S&P 500 Index. Calculated based on daily prices since May 22, 2015.

This portfolio captured 126.33% of S&P 500 Index gains but only 82.35% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 10.16% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 0.97 and R² of 0.72, 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: 10.16%

Beta: 0.97

R²: 0.72

Upside Capture: 126.33%

Downside Capture: 82.35%

Expense Ratio

Top 10 of VXUS has an expense ratio of 0.00%, meaning no management fees are charged. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

Top 10 of VXUS ranks 87 for risk / return — in the top 87% 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.

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	2.04	0.88	+1.16
Sortino ratio Return per unit of downside risk	2.73	1.37	+1.36
Omega ratio Gain probability vs. loss probability	1.38	1.21	+0.17
Calmar ratio Return relative to maximum drawdown	3.47	1.39	+2.08
Martin ratio Return relative to average drawdown	13.60	6.43	+7.16
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
ASML ASML Holding N.V.	92	2.37	2.97	1.38	5.58	15.42
TSM Taiwan Semiconductor Manufacturing Company Limited	93	2.64	3.23	1.41	5.70	18.99
AZN AstraZeneca PLC	84	1.66	2.36	1.31	3.46	8.67
SAP SAP SE	6	-1.11	-1.51	0.80	-0.76	-1.73
SHEL Shell plc	76	1.37	1.81	1.26	1.83	6.59
HSBC HSBC Holdings plc	85	1.90	2.38	1.34	2.83	10.31
NVS Novartis AG	88	2.01	2.62	1.35	4.16	12.14
RY Royal Bank of Canada	95	2.84	3.98	1.52	4.83	17.99
TM Toyota Motor Corporation	60	0.60	1.14	1.14	1.12	3.03
SHOP Shopify Inc.	51	0.29	0.87	1.11	0.55	1.31

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.

Top 10 of VXUS Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 2.04
5-Year: 0.99
10-Year: 1.18
All Time: 1.03

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 0.99 to 1.69, 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 Top 10 of VXUS 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

Top 10 of VXUS provided a 1.93% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.93%	1.99%	2.48%	2.45%	3.22%	2.28%	2.30%	3.01%	3.09%	2.34%	2.94%	3.32%
Portfolio components:
ASML ASML Holding N.V.	0.71%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.98%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%
AZN AstraZeneca PLC	2.62%	1.70%	2.27%	2.15%	2.12%	2.35%	2.80%	2.81%	3.69%	3.95%	5.01%	4.06%
SAP SAP SE	1.48%	1.05%	0.97%	1.41%	2.05%	1.56%	1.31%	1.27%	1.73%	0.87%	1.08%	1.11%
SHEL Shell plc	3.11%	3.90%	4.39%	3.76%	3.48%	3.78%	5.69%	6.27%	6.27%	2.75%	6.49%	8.17%
HSBC HSBC Holdings plc	4.44%	4.19%	8.29%	6.54%	4.33%	3.65%	4.05%	6.52%	6.20%	4.94%	6.35%	6.33%
NVS Novartis AG	3.10%	2.90%	3.84%	3.44%	3.70%	3.86%	3.22%	3.03%	3.47%	3.24%	3.73%	3.10%
RY Royal Bank of Canada	2.75%	2.54%	3.39%	4.29%	4.07%	3.24%	3.88%	3.88%	4.27%	3.22%	3.95%	5.41%
TM Toyota Motor Corporation	1.39%	2.95%	2.81%	2.45%	2.90%	2.45%	2.74%	1.30%	3.40%	2.96%	3.23%	5.59%
SHOP Shopify Inc.	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 Top 10 of VXUS. 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 Top 10 of VXUS was 35.39%, occurring on Oct 12, 2022. Recovery took 168 trading sessions.

The current Top 10 of VXUS drawdown is 7.68%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-35.39%	Jan 18, 2022	186	Oct 12, 2022	168	Jun 14, 2023	354
-29.15%	Feb 13, 2020	24	Mar 18, 2020	75	Jul 6, 2020	99
-21.6%	May 22, 2015	183	Feb 11, 2016	112	Jul 22, 2016	295
-19.24%	Feb 19, 2025	35	Apr 8, 2025	28	May 19, 2025	63
-17.39%	Sep 28, 2018	60	Dec 24, 2018	78	Apr 17, 2019	138

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 15 assets, with an effective number of assets of 9.16, 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	NVO	AZN	SHOP	NVS	SHEL	MUFG	SONY	BHP	HSBC	TM	SAP	TSM	TD	ASML	RY	Portfolio
Benchmark	1.00	0.38	0.34	0.51	0.42	0.41	0.46	0.54	0.52	0.51	0.53	0.61	0.61	0.59	0.67	0.62	0.79
NVO	0.38	1.00	0.44	0.22	0.43	0.14	0.19	0.26	0.20	0.20	0.27	0.35	0.25	0.21	0.32	0.23	0.42
AZN	0.34	0.44	1.00	0.18	0.56	0.21	0.19	0.24	0.27	0.28	0.26	0.32	0.21	0.25	0.28	0.29	0.41
SHOP	0.51	0.22	0.18	1.00	0.20	0.12	0.20	0.39	0.25	0.22	0.28	0.40	0.42	0.27	0.46	0.30	0.56
NVS	0.42	0.43	0.56	0.20	1.00	0.27	0.26	0.30	0.31	0.32	0.31	0.39	0.23	0.32	0.31	0.35	0.45
SHEL	0.41	0.14	0.21	0.12	0.27	1.00	0.36	0.26	0.56	0.45	0.34	0.26	0.29	0.50	0.29	0.49	0.48
MUFG	0.46	0.19	0.19	0.20	0.26	0.36	1.00	0.39	0.39	0.50	0.54	0.32	0.32	0.44	0.34	0.44	0.51
SONY	0.54	0.26	0.24	0.39	0.30	0.26	0.39	1.00	0.38	0.32	0.47	0.42	0.40	0.38	0.43	0.39	0.58
BHP	0.52	0.20	0.27	0.25	0.31	0.56	0.39	0.38	1.00	0.50	0.40	0.34	0.39	0.50	0.41	0.53	0.58
HSBC	0.51	0.20	0.28	0.22	0.32	0.45	0.50	0.32	0.50	1.00	0.44	0.36	0.38	0.54	0.38	0.54	0.58
TM	0.53	0.27	0.26	0.28	0.31	0.34	0.54	0.47	0.40	0.44	1.00	0.39	0.38	0.44	0.42	0.45	0.58
SAP	0.61	0.35	0.32	0.40	0.39	0.26	0.32	0.42	0.34	0.36	0.39	1.00	0.45	0.39	0.56	0.43	0.63
TSM	0.61	0.25	0.21	0.42	0.23	0.29	0.32	0.40	0.39	0.38	0.38	0.45	1.00	0.37	0.66	0.40	0.85
TD	0.59	0.21	0.25	0.27	0.32	0.50	0.44	0.38	0.50	0.54	0.44	0.39	0.37	1.00	0.40	0.79	0.58
ASML	0.67	0.32	0.28	0.46	0.31	0.29	0.34	0.43	0.41	0.38	0.42	0.56	0.66	0.40	1.00	0.43	0.79
RY	0.62	0.23	0.29	0.30	0.35	0.49	0.44	0.39	0.53	0.54	0.45	0.43	0.40	0.79	0.43	1.00	0.62
Portfolio	0.79	0.42	0.41	0.56	0.45	0.48	0.51	0.58	0.58	0.58	0.58	0.63	0.85	0.58	0.79	0.62	1.00

The correlation results are calculated based on daily price changes starting from May 22, 2015

Top 10 of VXUS

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