Wireless & Communications Equipment

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Wireless & Communications Equipment

Currency in USD · Last updated May 27, 2025

Asset Allocation

Position	Category/Sector	Target Weight
ASTS AST SpaceMobile, Inc.	Communication Services	5%
BKTI BK Technologies Corporation	Technology	8.64%
CIEN Ciena Corporation	Technology	8.64%
CLFD Clearfield, Inc.	Technology	8.64%
CSCO Cisco Systems, Inc.	Technology	8.64%
ERIC Telefonaktiebolaget LM Ericsson (publ)	Technology	8.64%
IDCC InterDigital, Inc.	Communication Services	8.64%
JNPR Juniper Networks, Inc.	Technology	8.64%
MSI Motorola Solutions, Inc.	Technology	8.64%
NOK Nokia Corporation	Technology	8.64%
UI Ubiquiti Inc.	Technology	8.64%
VSAT Viasat, Inc.	Technology	8.64%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

Loading data...

The earliest data available for this chart is Nov 1, 2019, corresponding to the inception date of ASTS

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-1.34%	5.02%	-3.08%	9.39%	14.45%	10.68%
Wireless & Communications Equipment	11.74%	10.03%	11.46%	77.84%	22.39%	N/A
Portfolio components:
MSI Motorola Solutions, Inc.	-9.13%	-2.63%	-13.79%	16.03%	27.23%	23.65%
NOK Nokia Corporation	21.36%	7.01%	27.70%	41.83%	8.98%	-0.50%
ERIC Telefonaktiebolaget LM Ericsson (publ)	9.19%	5.74%	7.85%	52.90%	2.93%	0.24%
UI Ubiquiti Inc.	18.84%	25.77%	8.75%	172.33%	18.37%	30.12%
JNPR Juniper Networks, Inc.	-3.31%	1.10%	0.64%	6.28%	12.36%	5.52%
ASTS AST SpaceMobile, Inc.	14.19%	1.41%	-0.48%	408.33%	19.47%	N/A
IDCC InterDigital, Inc.	10.18%	9.55%	10.12%	93.57%	33.76%	16.30%
VSAT Viasat, Inc.	7.52%	1.10%	-5.77%	-42.96%	-26.32%	-17.38%
BKTI BK Technologies Corporation	30.74%	2.77%	29.94%	222.75%	28.20%	7.59%
CLFD Clearfield, Inc.	23.55%	31.43%	25.16%	3.26%	23.10%	9.81%
CSCO Cisco Systems, Inc.	8.05%	11.29%	8.89%	40.04%	10.36%	11.53%
CIEN Ciena Corporation	-5.41%	21.66%	14.31%	62.59%	8.72%	13.23%

*Annualized

Monthly Returns

The table below presents the monthly returns of Wireless & Communications Equipment, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	3.42%	-0.62%	-0.62%	0.93%	8.39%								11.74%
2024	-3.40%	1.10%	1.08%	-6.09%	21.66%	4.00%	16.01%	10.37%	-0.40%	4.24%	6.93%	0.86%	68.16%
2023	5.52%	-2.84%	1.06%	-6.69%	0.59%	5.60%	-6.22%	-2.76%	-7.57%	-6.68%	9.64%	10.67%	-1.98%
2022	-7.39%	-4.34%	5.77%	-12.01%	2.06%	-7.45%	13.02%	4.46%	-14.76%	14.36%	1.32%	-4.11%	-12.92%
2021	10.15%	3.22%	0.82%	3.38%	3.73%	0.93%	1.46%	4.12%	-6.01%	6.04%	-2.68%	11.52%	41.76%
2020	-4.40%	-8.05%	-9.85%	18.35%	5.84%	2.27%	8.11%	-0.60%	-7.87%	-0.99%	12.22%	4.85%	17.06%
2019											5.47%	0.78%	6.30%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Wireless & Communications Equipment 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.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 97, Wireless & Communications Equipment is among the top 3% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
MSI Motorola Solutions, Inc.	0.74	0.97	1.15	0.67	1.61
NOK Nokia Corporation	1.33	1.90	1.27	1.05	6.46
ERIC Telefonaktiebolaget LM Ericsson (publ)	1.59	2.26	1.33	1.01	8.30
UI Ubiquiti Inc.	3.29	3.41	1.47	2.58	11.94
JNPR Juniper Networks, Inc.	0.46	0.67	1.12	0.54	1.28
ASTS AST SpaceMobile, Inc.	3.61	3.98	1.43	5.04	13.29
IDCC InterDigital, Inc.	2.79	4.08	1.54	5.15	16.86
VSAT Viasat, Inc.	-0.38	-0.37	0.96	-0.57	-1.00
BKTI BK Technologies Corporation	3.13	3.39	1.39	4.05	19.57
CLFD Clearfield, Inc.	0.11	0.48	1.06	0.08	0.29
CSCO Cisco Systems, Inc.	1.73	2.37	1.35	1.62	8.30
CIEN Ciena Corporation	1.21	1.68	1.25	1.37	3.75

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.

Wireless & Communications Equipment Sharpe ratios as of May 27, 2025 (values are recalculated daily):

1-Year: 2.80
5-Year: 0.88
All Time: 0.75

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 0.49 to 1.03, 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 Wireless & Communications Equipment compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

Loading data...

Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

Wireless & Communications Equipment provided a 1.14% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	1.14%	1.20%	1.54%	1.72%	1.12%	1.36%	1.45%	1.53%	1.55%	2.33%	1.26%	1.51%
Portfolio components:
MSI Motorola Solutions, Inc.	0.99%	0.87%	1.16%	1.26%	1.07%	1.55%	1.46%	1.85%	2.14%	2.05%	2.09%	1.94%
NOK Nokia Corporation	2.66%	3.16%	3.54%	1.32%	0.00%	0.00%	3.02%	4.05%	3.91%	6.22%	2.26%	6.50%
ERIC Telefonaktiebolaget LM Ericsson (publ)	3.05%	3.25%	4.05%	4.27%	2.18%	1.36%	1.24%	1.42%	1.68%	7.36%	4.10%	3.82%
UI Ubiquiti Inc.	0.61%	0.72%	1.72%	0.88%	0.65%	0.50%	0.58%	0.50%	0.00%	0.00%	0.00%	0.57%
JNPR Juniper Networks, Inc.	2.45%	2.35%	2.99%	2.63%	2.24%	3.55%	3.09%	2.68%	1.40%	1.42%	1.45%	0.90%
ASTS AST SpaceMobile, 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%
IDCC InterDigital, Inc.	0.90%	0.85%	1.34%	2.83%	1.95%	2.31%	2.57%	2.11%	1.64%	0.99%	1.63%	1.13%
VSAT Viasat, 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%
BKTI BK Technologies Corporation	0.00%	0.00%	0.00%	3.61%	2.49%	3.30%	1.94%	2.13%	4.23%	5.68%	0.00%	0.00%
CLFD Clearfield, 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%
CSCO Cisco Systems, Inc.	2.55%	2.69%	3.07%	3.17%	2.32%	3.20%	2.88%	2.95%	2.95%	3.28%	3.02%	2.66%
CIEN Ciena Corporation	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.

Loading data...

Worst Drawdowns

The table below displays the maximum drawdowns of the Wireless & Communications Equipment. 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 Wireless & Communications Equipment was 34.03%, occurring on Mar 23, 2020. Recovery took 49 trading sessions.

The current Wireless & Communications Equipment drawdown is 3.21%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-34.03%	Jan 17, 2020	45	Mar 23, 2020	49	Jun 2, 2020	94
-31.57%	Dec 30, 2021	460	Oct 27, 2023	170	Jul 3, 2024	630
-18.59%	Jan 24, 2025	52	Apr 8, 2025	23	May 12, 2025	75
-13.9%	Aug 10, 2020	33	Sep 24, 2020	50	Dec 4, 2020	83
-10.52%	Feb 16, 2021	13	Mar 4, 2021	63	Jun 3, 2021	76

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

Loading data...

Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 12 assets, with an effective number of assets of 11.83, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

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

	^GSPC	BKTI	ASTS	VSAT	CLFD	MSI	JNPR	IDCC	ERIC	NOK	UI	CSCO	CIEN	Portfolio
^GSPC	1.00	0.23	0.34	0.43	0.51	0.61	0.52	0.60	0.54	0.55	0.55	0.67	0.63	0.72
BKTI	0.23	1.00	0.14	0.14	0.18	0.14	0.10	0.14	0.15	0.14	0.13	0.17	0.16	0.41
ASTS	0.34	0.14	1.00	0.30	0.30	0.15	0.16	0.23	0.20	0.22	0.29	0.19	0.26	0.48
VSAT	0.43	0.14	0.30	1.00	0.38	0.31	0.32	0.36	0.33	0.33	0.39	0.33	0.34	0.61
CLFD	0.51	0.18	0.30	0.38	1.00	0.34	0.35	0.40	0.36	0.38	0.48	0.35	0.46	0.66
MSI	0.61	0.14	0.15	0.31	0.34	1.00	0.43	0.41	0.42	0.43	0.42	0.54	0.46	0.56
JNPR	0.52	0.10	0.16	0.32	0.35	0.43	1.00	0.42	0.40	0.46	0.44	0.61	0.55	0.60
IDCC	0.60	0.14	0.23	0.36	0.40	0.41	0.42	1.00	0.40	0.42	0.46	0.46	0.49	0.60
ERIC	0.54	0.15	0.20	0.33	0.36	0.42	0.40	0.40	1.00	0.68	0.45	0.46	0.43	0.61
NOK	0.55	0.14	0.22	0.33	0.38	0.43	0.46	0.42	0.68	1.00	0.44	0.49	0.46	0.63
UI	0.55	0.13	0.29	0.39	0.48	0.42	0.44	0.46	0.45	0.44	1.00	0.50	0.53	0.69
CSCO	0.67	0.17	0.19	0.33	0.35	0.54	0.61	0.46	0.46	0.49	0.50	1.00	0.58	0.63
CIEN	0.63	0.16	0.26	0.34	0.46	0.46	0.55	0.49	0.43	0.46	0.53	0.58	1.00	0.69
Portfolio	0.72	0.41	0.48	0.61	0.66	0.56	0.60	0.60	0.61	0.63	0.69	0.63	0.69	1.00

The correlation results are calculated based on daily price changes starting from Nov 4, 2019

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

Wireless & Communications Equipment

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

Portfolios

Screeners

Community