Asset Allocation
Find the right asset allocation for main
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in main, 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
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio main | -0.15% | -0.87% | 7.08% | 8.75% | 23.22% | 17.00% | 8.25% | — |
| Portfolio components: | ||||||||
BCE.TO BCE Inc. | -1.07% | -0.02% | 2.58% | 6.20% | 17.08% | -12.94% | -7.66% | -0.62% |
T.TO TELUS Corporation | -1.32% | -4.62% | -5.59% | -4.76% | -19.10% | -7.71% | -6.36% | 11.79% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 0.09% | 3.22% | 19.43% | 21.26% | 44.62% | 24.93% | 14.29% | 13.22% |
XBAL.TO iShares Core Balanced ETF Portfolio | -1.22% | -0.75% | 5.15% | 5.10% | 14.15% | 12.52% | 4.97% | 6.67% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | -0.10% | 1.83% | 17.68% | 18.16% | 36.89% | 21.74% | 13.62% | — |
XIU.TO iShares S&P/TSX 60 Index ETF | 0.04% | 0.31% | 7.79% | 10.88% | 28.64% | 20.84% | 11.17% | 11.74% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | -0.02% | -1.85% | 5.53% | 6.54% | 19.65% | 17.64% | 8.06% | 12.23% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 0.07% | 3.02% | 16.19% | 19.95% | 49.17% | 24.94% | 11.20% | 11.41% |
Monthly Returns
Based on dividend-adjusted daily data since Jun 13, 2017, main's average daily return is +0.05%, while the average monthly return is +1.04%. At this rate, an investment would double in approximately 5.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +13.1%, while the worst month was Mar 2020 at -17.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, main closed higher 56% of trading days. The best single day was Mar 24, 2020 with a return of +10.7%, while the worst single day was Mar 12, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.78% | 0.32% | -5.74% | 9.21% | 3.43% | -2.45% | 7.08% | ||||||
| 2025 | 2.07% | -0.75% | -3.03% | 2.47% | 5.44% | 4.72% | 1.18% | 3.50% | 2.22% | 1.11% | 0.94% | 2.78% | 24.81% |
| 2024 | -0.10% | 2.03% | 2.68% | -3.83% | 3.85% | 1.07% | 1.89% | 4.69% | 2.22% | -3.43% | 4.07% | -5.34% | 9.57% |
| 2023 | 7.78% | -3.74% | 1.93% | 2.02% | -1.96% | 7.55% | 2.23% | -3.59% | -4.04% | -4.80% | 9.92% | 6.85% | 20.31% |
| 2022 | -2.87% | -1.43% | 5.35% | -9.34% | 1.67% | -9.89% | 7.40% | -5.27% | -11.33% | 7.27% | 5.33% | -5.18% | -19.04% |
| 2021 | -1.17% | 4.94% | 4.30% | 6.80% | 3.37% | -0.13% | 1.29% | 1.24% | -4.54% | 9.19% | -3.78% | 2.15% | 25.30% |
Benchmark Metrics
main has an annualized alpha of 1.25%, beta of 0.82, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since June 13, 2017.
- Alpha
- 1.25%
- Beta
- 0.82
- R²
- 0.78
- Upside Capture
- 95.17%
- Downside Capture
- 98.34%
Expense Ratio
main has an expense ratio of 0.14%, which is considered low. 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
main ranks 53 for risk / return — on par with similar Portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for main and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 2.12 | 1.94 | +0.19 |
| Sortino ratioReturn per unit of downside risk | 2.91 | 2.63 | +0.28 |
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | 2.59 | +0.25 |
| Martin ratioReturn relative to average drawdown | 13.22 | 11.84 | +1.38 |
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.
| Position | Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio |
|---|---|---|---|---|---|---|
BCE.TO BCE Inc. | 67 | 0.95 | 1.44 | 1.17 | 1.43 | 2.89 |
T.TO TELUS Corporation | 8 | -1.09 | -1.36 | 0.82 | -0.78 | -1.41 |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 98 | 4.83 | 6.68 | 1.91 | 12.48 | 43.23 |
XBAL.TO iShares Core Balanced ETF Portfolio | 48 | 1.47 | 2.11 | 1.27 | 2.04 | 8.55 |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 97 | 4.21 | 6.03 | 1.81 | 11.19 | 37.59 |
XIU.TO iShares S&P/TSX 60 Index ETF | 78 | 2.25 | 3.03 | 1.40 | 3.55 | 15.31 |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 46 | 1.50 | 2.08 | 1.27 | 1.70 | 7.39 |
ZWB.TO BMO Covered Call Canadian Banks ETF | 95 | 4.09 | 5.59 | 1.75 | 5.53 | 25.00 |
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Dividends
Dividend yield
main provided a 1.97% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.97% | 2.21% | 2.59% | 2.48% | 2.45% | 1.92% | 2.35% | 2.54% | 2.79% | 2.24% | 2.46% | 2.70% |
| Portfolio components: | ||||||||||||
BCE.TO BCE Inc. | 5.18% | 7.06% | 11.97% | 7.42% | 6.19% | 5.32% | 6.12% | 5.27% | 5.60% | 4.75% | 4.70% | 4.86% |
T.TO TELUS Corporation | 9.82% | 9.14% | 7.99% | 6.17% | 5.19% | 4.27% | 4.70% | 8.96% | 9.28% | 8.27% | 8.61% | 8.78% |
VDY.TO Vanguard FTSE Canadian High Dividend Yield Index ETF | 2.88% | 3.59% | 4.37% | 4.64% | 4.42% | 3.46% | 4.59% | 4.25% | 4.44% | 3.42% | 3.25% | 4.11% |
XBAL.TO iShares Core Balanced ETF Portfolio | 2.13% | 2.27% | 2.72% | 2.43% | 2.12% | 1.78% | 2.04% | 2.31% | 3.47% | 3.00% | 3.72% | 3.38% |
XDIV.TO iShares Core MSCI Canadian Quality Dividend Index ETF | 3.31% | 3.90% | 4.50% | 4.42% | 4.15% | 3.76% | 4.85% | 4.24% | 5.13% | 1.92% | 0.00% | 0.00% |
XIU.TO iShares S&P/TSX 60 Index ETF | 2.21% | 2.39% | 2.92% | 3.16% | 3.02% | 2.43% | 3.03% | 2.87% | 3.18% | 2.58% | 2.65% | 3.19% |
XSP.TO iShares Core S&P 500 Index ETF (CAD-Hedged) | 1.14% | 1.23% | 1.09% | 1.18% | 1.37% | 1.01% | 1.31% | 1.73% | 1.86% | 1.45% | 1.76% | 1.88% |
ZWB.TO BMO Covered Call Canadian Banks ETF | 4.93% | 5.38% | 6.66% | 7.62% | 7.30% | 5.46% | 5.80% | 5.53% | 5.59% | 4.80% | 5.04% | 5.64% |
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 main. 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 main was 39.50%, occurring on Mar 23, 2020. Recovery took 108 trading sessions.
The current main drawdown is 2.64%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.50%Mar 2020 | 1mo 2d | 5mo 6d | 6mo 8dFeb 2020 - Aug 2020 |
Bear market2022 | -27.93%Oct 2022 | 11mo 11d | 1y 8mo | 2y 7moNov 2021 - Jun 2024 |
Rate-hike selloffLate 2018 | -21.96%Dec 2018 | 10mo 29d | 6mo 11d | 1y 5moJan 2018 - Jul 2019 |
2025 selloff2025 | -16.37%Apr 2025 | 4mo | 1mo 19d | 5mo 19dDec 2024 - May 2025 |
2020 pullback2020 | -9.60%Sep 2020 | 21d | 1mo 18d | 2mo 9dSep 2020 - Nov 2020 |
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 2.61, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.
Diversification Ratio
1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.17 | 1.14 | 1.10 | 1.09 |
The portfolio has a diversification ratio of 1.09, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.
main correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2017 | 0.82 |
Benchmark Correlations
Correlation vs. S&P 500 Index. XSP.TO has the highest benchmark correlation at 0.88, while BCE.TO has the lowest at 0.18.
Asset Correlations Table
| BCE.TO | T.TO | XBAL.TO | ZWB.TO | XSP.TO | XDIV.TO | VDY.TO | XIU.TO | |
|---|---|---|---|---|---|---|---|---|
| BCE.TO | 1.00 | 0.73 | 0.47 | 0.45 | 0.35 | 0.53 | 0.51 | 0.47 |
| T.TO | 0.73 | 1.00 | 0.49 | 0.47 | 0.40 | 0.54 | 0.52 | 0.52 |
| XBAL.TO | 0.47 | 0.49 | 1.00 | 0.69 | 0.79 | 0.71 | 0.72 | 0.80 |
| ZWB.TO | 0.45 | 0.47 | 0.69 | 1.00 | 0.68 | 0.83 | 0.89 | 0.82 |
| XSP.TO | 0.35 | 0.40 | 0.79 | 0.68 | 1.00 | 0.66 | 0.69 | 0.79 |
| XDIV.TO | 0.53 | 0.54 | 0.71 | 0.83 | 0.66 | 1.00 | 0.93 | 0.85 |
| VDY.TO | 0.51 | 0.52 | 0.72 | 0.89 | 0.69 | 0.93 | 1.00 | 0.90 |
| XIU.TO | 0.47 | 0.52 | 0.80 | 0.82 | 0.79 | 0.85 | 0.90 | 1.00 |
Find what main is missing
See which holdings overlap, where main is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification