Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
INTC Intel Corporation | Technology | 10% |
ADI Analog Devices, Inc. | Technology | 10% |
AVGO Broadcom Inc. | Technology | 10% |
NVDA NVIDIA Corporation | Technology | 10% |
QCOM QUALCOMM Incorporated | Technology | 10% |
AMD Advanced Micro Devices, Inc. | Technology | 10% |
STM STMicroelectronics N.V. | Technology | 10% |
TXN Texas Instruments Incorporated | Technology | 10% |
SWKS Skyworks Solutions, Inc. | Technology | 10% |
MU Micron Technology, Inc. | Technology | 10% |
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in Semiconductor Stocks Portfolio, 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 Jul 20, 2026, the Semiconductor Stocks Portfolio returned 77.66% Year-To-Date and 36.44% of annualized return in the last 10 years.
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -1.01% | -0.57% | 7.46% | 8.94% | 18.44% | 17.86% | 11.50% | 13.17% |
Portfolio Semiconductor Stocks Portfolio | -0.86% | -14.72% | 64.89% | 77.66% | 116.58% | 46.61% | 31.49% | 36.44% |
| Portfolio components: | ||||||||
ADI Analog Devices, Inc. | -1.36% | -13.60% | 25.75% | 39.22% | 57.29% | 26.10% | 20.55% | 22.35% |
AMD Advanced Micro Devices, Inc. | -1.03% | -7.74% | 113.85% | 131.49% | 215.79% | 61.39% | 41.99% | 57.11% |
AVGO Broadcom Inc. | -0.97% | -9.71% | 5.82% | 7.54% | 31.84% | 62.05% | 54.14% | 40.38% |
INTC Intel Corporation | -2.00% | -29.07% | 102.39% | 157.56% | 311.43% | 41.13% | 13.57% | 12.89% |
MU Micron Technology, Inc. | -0.50% | -25.12% | 134.17% | 197.62% | 643.35% | 136.45% | 63.28% | 52.01% |
NVDA NVIDIA Corporation | -2.21% | -3.74% | 9.04% | 8.88% | 17.79% | 62.34% | 62.14% | 65.54% |
QCOM QUALCOMM Incorporated | 0.69% | -24.03% | 8.85% | 1.44% | 13.31% | 14.28% | 6.49% | 15.13% |
STM STMicroelectronics N.V. | -1.13% | -20.74% | 122.29% | 140.20% | 92.68% | 6.48% | 11.46% | 27.34% |
SWKS Skyworks Solutions, Inc. | 2.98% | -18.08% | 4.87% | -4.45% | -15.01% | -16.98% | -18.28% | 0.80% |
TXN Texas Instruments Incorporated | -2.47% | -12.03% | 49.98% | 65.62% | 34.79% | 19.07% | 11.96% | 19.11% |
Monthly Returns
Based on dividend-adjusted daily data since Aug 6, 2009, Semiconductor Stocks Portfolio's average daily return is +0.12%, while the average monthly return is +2.49%. At this rate, an investment would double in approximately 2.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +49.4%, while the worst month was May 2019 at -17.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, Semiconductor Stocks Portfolio closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +19.2%, while the worst single day was Mar 16, 2020 at -16.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.35% | 0.65% | -6.49% | 49.42% | 27.08% | 2.49% | -12.10% | 77.66% | |||||
| 2025 | -1.23% | -0.53% | -7.42% | -2.70% | 12.65% | 16.96% | -2.97% | 6.45% | 9.68% | 11.22% | -2.61% | 1.98% | 45.93% |
| 2024 | 0.52% | 8.38% | 6.08% | -6.31% | 9.50% | 4.05% | -4.30% | -3.74% | 0.40% | -4.48% | -0.66% | -1.25% | 6.90% |
| 2023 | 16.85% | 1.42% | 12.56% | -6.73% | 11.04% | 5.31% | 5.94% | -4.69% | -5.66% | -5.38% | 16.54% | 12.83% | 72.45% |
| 2022 | -9.04% | -1.26% | -0.30% | -14.21% | 5.72% | -17.23% | 14.89% | -9.81% | -13.81% | 4.31% | 16.20% | -9.23% | -33.95% |
| 2021 | 3.37% | 3.71% | 0.30% | -0.17% | 1.23% | 6.91% | 1.08% | 2.21% | -4.30% | 5.54% | 12.84% | 0.99% | 38.16% |
Benchmark Metrics
Semiconductor Stocks Portfolio has an annualized alpha of 11.95%, beta of 1.45, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since August 06, 2009.
- This portfolio captured 201.18% of S&P 500 Index gains and 125.71% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 11.95% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 11.95%
- Beta
- 1.45
- R²
- 0.65
- Upside Capture
- 201.18%
- Downside Capture
- 125.71%
Expense Ratio
Semiconductor Stocks Portfolio 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.
Return for Risk
Risk / Return Rank
Semiconductor Stocks Portfolio 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
The table below presents risk-adjusted performance metrics for Semiconductor Stocks Portfolio 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 | 2.98 | 1.47 | +1.51 |
| Sortino ratioReturn per unit of downside risk | 3.33 | 2.05 | +1.28 |
| Omega ratioGain probability vs. loss probability | 1.44 | 1.27 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.92 | 2.03 | +4.89 |
| Martin ratioReturn relative to average drawdown | 23.27 | 8.80 | +14.47 |
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 |
|---|---|---|---|---|---|---|
ADI Analog Devices, Inc. | 87 | 1.66 | 2.26 | 1.29 | 3.69 | 8.97 |
AMD Advanced Micro Devices, Inc. | 96 | 3.06 | 3.40 | 1.43 | 7.58 | 15.39 |
AVGO Broadcom Inc. | 66 | 0.65 | 1.19 | 1.15 | 1.07 | 2.21 |
INTC Intel Corporation | 98 | 4.13 | 3.96 | 1.49 | 9.80 | 27.89 |
MU Micron Technology, Inc. | 99 | 8.60 | 5.19 | 1.66 | 21.69 | 74.78 |
NVDA NVIDIA Corporation | 61 | 0.49 | 0.92 | 1.11 | 0.86 | 1.84 |
QCOM QUALCOMM Incorporated | 56 | 0.29 | 0.79 | 1.11 | 0.45 | 0.91 |
STM STMicroelectronics N.V. | 85 | 1.69 | 2.26 | 1.31 | 2.64 | 5.87 |
SWKS Skyworks Solutions, Inc. | 30 | -0.33 | -0.18 | 0.98 | -0.41 | -0.72 |
TXN Texas Instruments Incorporated | 70 | 0.80 | 1.43 | 1.19 | 1.25 | 2.61 |
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Dividends
Dividend yield
Semiconductor Stocks Portfolio provided a 1.14% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.14% | 1.34% | 1.45% | 1.34% | 2.02% | 1.23% | 1.32% | 1.53% | 1.92% | 1.43% | 1.60% | 2.04% |
| Portfolio components: | ||||||||||||
ADI Analog Devices, Inc. | 1.11% | 1.46% | 1.73% | 1.73% | 1.85% | 1.57% | 1.68% | 1.82% | 2.24% | 2.02% | 2.31% | 2.89% |
AMD Advanced Micro Devices, 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% |
AVGO Broadcom Inc. | 0.68% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
INTC Intel Corporation | 0.00% | 0.00% | 1.87% | 1.47% | 5.52% | 2.70% | 2.65% | 2.11% | 2.56% | 2.33% | 2.87% | 2.79% |
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
QCOM QUALCOMM Incorporated | 2.09% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% |
STM STMicroelectronics N.V. | 0.58% | 1.39% | 1.32% | 0.48% | 0.67% | 0.45% | 0.50% | 0.89% | 1.73% | 0.98% | 2.10% | 5.11% |
SWKS Skyworks Solutions, Inc. | 4.79% | 4.45% | 3.11% | 2.31% | 2.59% | 1.37% | 1.23% | 1.36% | 2.09% | 1.26% | 1.45% | 1.02% |
TXN Texas Instruments Incorporated | 1.98% | 3.17% | 2.81% | 2.94% | 2.84% | 2.23% | 2.27% | 2.50% | 2.78% | 2.03% | 2.25% | 2.55% |
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 Semiconductor Stocks Portfolio. 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 Semiconductor Stocks Portfolio was 43.28%, occurring on Oct 14, 2022. Recovery took 276 trading sessions.
The current Semiconductor Stocks Portfolio drawdown is 17.01%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-43.28%Oct 2022 | 9mo 20d | 1y 1mo | 1y 10moDec 2021 - Nov 2023 | Bear market2022 |
-40.17%Apr 2025 | 9mo 1d | 5mo 6d | 1y 2moJul 2024 - Sep 2025 | 2025 selloff2025 |
-37.34%Oct 2011 | 7mo 17d | 1y 11mo | 2y 6moFeb 2011 - Sep 2013 | — |
-36.77%Mar 2020 | 25d | 2mo 21d | 3mo 16dFeb 2020 - Jun 2020 | COVID crash2020 |
-27.23%Feb 2016 | 10mo 25d | 3mo 16d | 1y 2moMar 2015 - May 2016 | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
AI Analysis
The gist
The portfolio is a clean bet on semiconductors as a single economic machine, with ten names and very little illusion that they are ten different businesses in the risk-model sense. The diversification is real, but it is mostly diversification within the chip cycle, which is a narrower joke than the equal weights suggest.
The numbers
- The diversification ratio is 1.32 incept, around the 57th percentile on the platform; that is meaningfully diversified, though not in the “this survives a market panic by itself” category.
- The effective number of assets is 10.0 out of 10, so concentration is not the issue; correlation is. Equal weights are doing their part.
- Pairwise correlations run from 0.47 to 0.82, with the highest ties between Analog Devices (ADI) and Texas Instruments (TXN), which is what a semiconductor portfolio looks like when the names are allowed to be honest.
The good
- The portfolio is not secretly one stock in disguise. The equal weights give each name a fair claim on the risk budget.
- The lower-correlation pairings, such as Advanced Micro Devices (AMD) versus Skyworks Solutions (SWKS), keep the portfolio from collapsing into a single line item.
- The 1Y diversification ratio at 1.44 is better than the longer-window figures, so the correlation structure has not recently become more claustrophobic.
The bad
- The cluster structure is dense: ADI, TXN, SWKS, STM, and others sit in one highly linked analogue/radio/industrial pocket, so several positions will still rhyme on the same macro inputs.
- Position-to-portfolio correlations are all high, mostly 0.72-0.82, which means each holding is helping define the portfolio rather than offsetting it.
The ugly
- If semiconductor capex, handset demand, or industrial electronics soften at the same time, the portfolio’s internal diversification mostly behaves like a set of different doors into the same corridor.
- Advanced Micro Devices (AMD) and NVIDIA (NVDA) form a separate growth cluster, but in a broad risk-off move they tend to lose the privilege of being “different” and become just more semis.
Next steps
- Portfolios with this correlation profile are typically complemented by exposures whose earnings drivers sit outside the chip cycle.
- The current structure fits a view on semiconductor breadth more than a view on any one subsector, especially analog versus AI acceleration.
- The modest gap between 1Y and longer-run diversification ratios suggests the correlation picture is stable rather than benignly improving.
Diversification Metrics
Number of Effective Assets
The portfolio contains 10 assets, with an effective number of assets of 10.00, 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 | 1.44 | 1.36 | 1.30 | 1.29 | 1.32 |
The portfolio has a diversification ratio of 1.32, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Semiconductor Stocks Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.76 |
Benchmark Correlations
Correlation vs. S&P 500 Index. TXN has the highest benchmark correlation at 0.69, while AMD has the lowest at 0.54.
Asset Correlations Table
| AMD | INTC | MU | NVDA | AVGO | STM | QCOM | SWKS | TXN | ADI | |
|---|---|---|---|---|---|---|---|---|---|---|
| AMD | 1.00 | 0.48 | 0.52 | 0.60 | 0.48 | 0.50 | 0.49 | 0.47 | 0.53 | 0.55 |
| INTC | 0.48 | 1.00 | 0.54 | 0.50 | 0.51 | 0.52 | 0.54 | 0.55 | 0.63 | 0.61 |
| MU | 0.52 | 0.54 | 1.00 | 0.56 | 0.53 | 0.53 | 0.53 | 0.55 | 0.59 | 0.59 |
| NVDA | 0.60 | 0.50 | 0.56 | 1.00 | 0.56 | 0.52 | 0.53 | 0.53 | 0.58 | 0.58 |
| AVGO | 0.48 | 0.51 | 0.53 | 0.56 | 1.00 | 0.54 | 0.55 | 0.61 | 0.60 | 0.62 |
| STM | 0.50 | 0.52 | 0.53 | 0.52 | 0.54 | 1.00 | 0.56 | 0.59 | 0.65 | 0.66 |
| QCOM | 0.49 | 0.54 | 0.53 | 0.53 | 0.55 | 0.56 | 1.00 | 0.61 | 0.63 | 0.63 |
| SWKS | 0.47 | 0.55 | 0.55 | 0.53 | 0.61 | 0.59 | 0.61 | 1.00 | 0.68 | 0.69 |
| TXN | 0.53 | 0.63 | 0.59 | 0.58 | 0.60 | 0.65 | 0.63 | 0.68 | 1.00 | 0.82 |
| ADI | 0.55 | 0.61 | 0.59 | 0.58 | 0.62 | 0.66 | 0.63 | 0.69 | 0.82 | 1.00 |
Find what Semiconductor Stocks Portfolio is missing
See which holdings overlap, where Semiconductor Stocks Portfolio is concentrated, and which low-correlation assets could fill the gaps.
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