china

Asset Allocation

Position	Category/Sector	Target Weight
0883.HK CNOOC Ltd	Energy	12.50%
0941.HK China Mobile Ltd	Communication Services	12.50%
NVDA NVIDIA Corporation	Technology	12.50%
LLY Eli Lilly and Company	Healthcare	12.50%
PANW Palo Alto Networks, Inc.	Technology	12.50%
PGR The Progressive Corporation	Financial Services	12.50%
NVO Novo Nordisk A/S	Healthcare	12.50%
DXJ WisdomTree Japan Hedged Equity Fund	Japan Equities, Asia Pacific Equities	12.50%

Benchmark Against

Benchmark

S&P 500 Index

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 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 27, 2026, the china returned 19.35% Year-To-Date and 29.36% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	1.18%	-1.84%	8.69%	7.74%	20.53%	18.69%	11.60%	13.47%
Portfolio china	2.15%	3.88%	19.35%	19.19%	27.88%	32.54%	34.81%	29.36%
Portfolio components:
0883.HK CNOOC Ltd	0.00%	-19.30%	-0.67%	2.40%	23.57%	31.86%	30.42%	16.25%
0941.HK China Mobile Ltd	-0.18%	-6.54%	-3.27%	-3.49%	-4.75%	13.52%	17.48%	4.42%
DXJ WisdomTree Japan Hedged Equity Fund	0.05%	1.84%	21.17%	21.38%	51.75%	31.01%	26.84%	19.41%
LLY Eli Lilly and Company	1.81%	11.31%	14.83%	14.40%	59.73%	38.89%	41.22%	33.74%
NVDA NVIDIA Corporation	1.27%	-7.55%	4.67%	3.71%	23.76%	66.53%	57.79%	67.17%
NVO Novo Nordisk A/S	0.56%	6.06%	-1.67%	-2.80%	-26.15%	-13.58%	5.11%	8.17%
PANW Palo Alto Networks, Inc.	9.14%	17.86%	80.24%	77.68%	65.53%	37.48%	39.95%	32.32%
PGR The Progressive Corporation	-2.00%	15.47%	2.73%	2.38%	-11.31%	22.04%	20.15%	24.19%

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

Monthly Returns

Based on dividend-adjusted daily data since Jul 20, 2012, china's average daily return is +0.09%, while the average monthly return is +2.01%. At this rate, an investment would double in approximately 2.9 years.

Historically, 69% of months were positive and 31% were negative. The best month was Jan 2024 with a return of +12.0%, while the worst month was Oct 2018 at -10.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.

On a daily basis, china closed higher 56% of trading days. The best single day was Mar 13, 2020 with a return of +7.0%, while the worst single day was Mar 12, 2020 at -8.8%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.29%	-5.61%	-0.83%	7.40%	10.64%	3.88%							19.35%
2025	-0.77%	5.49%	-5.66%	0.05%	4.25%	3.32%	-4.91%	4.56%	2.45%	1.70%	2.81%	0.20%	13.57%
2024	11.95%	8.51%	6.35%	1.99%	6.46%	7.71%	-5.24%	8.07%	-3.99%	-1.20%	1.42%	-2.48%	45.17%
2023	9.73%	5.51%	8.53%	3.30%	4.98%	8.06%	2.02%	7.12%	-0.64%	0.74%	7.72%	0.42%	74.24%
2022	-1.43%	2.86%	7.42%	-5.43%	2.62%	-3.51%	3.36%	-0.72%	-5.89%	5.82%	8.92%	-4.22%	8.73%
2021	3.54%	5.87%	-3.67%	4.52%	3.55%	7.15%	0.27%	6.52%	-0.99%	7.63%	1.82%	3.06%	46.23%

Benchmark Metrics

china has an annualized alpha of 14.57%, beta of 0.75, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since July 20, 2012.

This portfolio captured 112.57% of S&P 500 Index gains but only 48.95% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 14.57% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 14.57%

Beta: 0.75

R²: 0.60

Upside Capture: 112.57%

Downside Capture: 48.95%

See how alpha, beta & R² have trended over time →

Expense Ratio

china has an expense ratio of 0.06%, 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.

DXJ

WisdomTree Japan Hedged Equity Fund

Return for Risk

Risk / Return Rank

china ranks 45 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.

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

The table below presents risk-adjusted performance metrics for 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	1.94	1.65	+0.29
Sortino ratioReturn per unit of downside risk	2.57	2.27	+0.30
Omega ratioGain probability vs. loss probability	1.35	1.30	+0.05
Calmar ratioReturn relative to maximum drawdown	2.84	2.27	+0.57
Martin ratioReturn relative to average drawdown	7.72	9.90	-2.18

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
0883.HK CNOOC Ltd	65	0.84	1.34	1.16	0.81	2.92
0941.HK China Mobile Ltd	26	-0.43	-0.56	0.94	-0.37	-0.72
DXJ WisdomTree Japan Hedged Equity Fund	92	2.89	3.78	1.52	4.74	18.21
LLY Eli Lilly and Company	82	1.56	2.17	1.30	2.59	6.47
NVDA NVIDIA Corporation	64	0.68	1.15	1.14	1.18	2.67
NVO Novo Nordisk A/S	24	-0.51	-0.41	0.94	-0.53	-0.84
PANW Palo Alto Networks, Inc.	79	1.64	2.17	1.29	1.83	4.13
PGR The Progressive Corporation	25	-0.49	-0.55	0.94	-0.47	-0.72

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. Learn how to interpret the Sharpe ratio.

The current china Sharpe ratio is 1.94 as of Jun 27, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.34 to 2.20, this portfolio's current Sharpe ratio falls between the 25th and 75th percentiles. This indicates that its risk-adjusted performance is in line with the majority of portfolios, suggesting a balanced approach to risk and return—likely suitable for a wide range of investors.

The chart below shows the rolling Sharpe ratio of china 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

china provided a 3.07% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.07%	2.53%	2.52%	2.87%	4.19%	3.20%	3.17%	2.60%	2.27%	1.90%	2.21%	2.87%
Portfolio components:
0883.HK CNOOC Ltd	6.07%	6.53%	7.32%	10.31%	18.84%	6.85%	9.05%	5.63%	4.96%	3.83%	3.81%	7.06%
0941.HK China Mobile Ltd	6.82%	6.41%	6.53%	7.16%	8.95%	7.24%	7.36%	4.45%	4.52%	3.62%	3.27%	3.32%
DXJ WisdomTree Japan Hedged Equity Fund	0.97%	1.29%	3.48%	3.44%	3.02%	2.64%	2.53%	2.47%	2.92%	2.30%	1.98%	5.95%
LLY Eli Lilly and Company	0.53%	0.56%	0.67%	0.78%	1.07%	1.23%	1.75%	1.96%	1.94%	2.46%	2.77%	2.37%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
NVO Novo Nordisk A/S	3.73%	3.31%	1.68%	1.00%	1.20%	1.35%	1.87%	2.14%	1.45%	1.52%	2.87%	0.92%
PANW Palo Alto Networks, 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%
PGR The Progressive Corporation	6.32%	2.15%	0.48%	0.25%	0.31%	6.23%	2.68%	3.89%	1.86%	1.21%	2.50%	2.16%

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 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 china was 27.05%, occurring on Mar 23, 2020. Recovery took 56 trading sessions.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-27.05%Mar 2020	1mo 2d	2mo 19d	3mo 21dFeb 2020 - Jun 2020
Rate-hike selloffLate 2018	-20.15%Dec 2018	2mo 23d	2mo 27d	5mo 20dOct 2018 - Mar 2019
2016 correction2016	-18.38%Feb 2016	2mo 6d	5mo 2d	7mo 8dDec 2015 - Jul 2016
2025 selloff2025	-17.69%Apr 2025	5mo 24d	2mo 6d	8moOct 2024 - Jun 2025
2024 correction2024	-13.76%Aug 2024	20d	25d	1mo 15dJul 2024 - Aug 2024

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 8.00, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	2.20	1.98	1.91	1.83	1.83

The portfolio has a diversification ratio of 1.83, placing it in the top 5% across portfolios — assets in this portfolio move largely independently, providing strong diversification benefit.

china correlation to the S&P 500 Index

china has a 0.61 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Jul 20, 2012	0.70

Benchmark Correlations

Correlation vs. S&P 500 Index. DXJ has the highest benchmark correlation at 0.64, while 0941.HK has the lowest at 0.09.

0.09

0.11

0.38

0.40

0.42

0.47

0.61

0.64

Portfolio Correlations

Correlation vs. china. NVDA has the highest portfolio correlation at 0.65, while 0941.HK has the lowest at 0.30.

0.30

0.37

0.40

0.50

0.52

0.56

0.61

0.65

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	0941.HK	0883.HK	PGR	NVO	LLY	PANW	NVDA	DXJ
0941.HK	1.00	0.40	0.04	0.05	0.03	0.02	0.05	0.13
0883.HK	0.40	1.00	0.06	0.02	0.02	0.04	0.07	0.15
PGR	0.04	0.06	1.00	0.17	0.26	0.17	0.16	0.29
NVO	0.05	0.02	0.17	1.00	0.39	0.24	0.23	0.26
LLY	0.03	0.02	0.26	0.39	1.00	0.20	0.21	0.27
PANW	0.02	0.04	0.17	0.24	0.20	1.00	0.41	0.30
NVDA	0.05	0.07	0.16	0.23	0.21	0.41	1.00	0.37
DXJ	0.13	0.15	0.29	0.26	0.27	0.30	0.37	1.00

The correlation results are calculated based on daily price changes starting from Jul 20, 2012

Diversification Analysis

Find what china is missing

See which holdings overlap, where china is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification