Gemini September 2025

Asset Allocation

Position	Category/Sector	Target Weight
XLK State Street Technology Select Sector SPDR ETF	Technology Equities	15%
GLD SPDR Gold Shares	Gold, Precious Metals	10%
XLF State Street Financial Select Sector SPDR ETF	Financials Equities	10%
ITA iShares U.S. Aerospace & Defense ETF	Aerospace & Defense, Industrials Equities	7.50%
XLV State Street Health Care Select Sector SPDR ETF	Health & Biotech Equities	7.50%
XLP State Street Consumer Staples Select Sector SPDR ETF	Consumer Staples Equities	7.50%
MSFT Microsoft Corporation	Technology	5%
HUBS HubSpot, Inc.	Technology	5%
ICLN iShares Global Clean Energy ETF	Alternative Energy Equities	5%
AKAM Akamai Technologies, Inc.	Technology	2.50%
GLOB Globant S.A.	Technology	2.50%
NEE NextEra Energy, Inc.	Utilities	2.50%
FSLR First Solar, Inc.	Technology	2.50%
LMT Lockheed Martin Corporation	Industrials	2.50%
NOC Northrop Grumman Corporation	Industrials	2.50%
GD General Dynamics Corporation		2.50%
GSK GlaxoSmithKline plc	Healthcare	2.50%
ZBH Zimmer Biomet Holdings, Inc.	Healthcare	2.50%
PG The Procter & Gamble Company	Consumer Defensive	2.50%
KO The Coca-Cola Company	Consumer Defensive	2.50%

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 Gemini September 2025, 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 13, 2026, the Gemini September 2025 returned 5.25% Year-To-Date and 15.94% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	0.31%	8.56%	8.85%	24.33%	19.37%	11.84%	13.61%
Portfolio Gemini September 2025	0.45%	1.51%	5.25%	5.73%	17.23%	14.47%	10.98%	15.94%
Portfolio components:
AKAM Akamai Technologies, Inc.	0.79%	-11.52%	53.01%	55.45%	73.31%	13.31%	2.42%	9.75%
FSLR First Solar, Inc.	-1.42%	14.54%	2.33%	4.91%	52.57%	10.90%	27.42%	18.76%
GD General Dynamics Corporation	0.38%	7.69%	7.93%	7.67%	29.63%	21.44%	15.92%	12.38%
GLD SPDR Gold Shares	0.06%	-9.52%	-2.47%	-2.25%	22.21%	28.89%	17.08%	12.15%
GLOB Globant S.A.	2.94%	-3.65%	-42.65%	-44.62%	-60.13%	-41.52%	-29.68%	-0.56%
GSK GlaxoSmithKline plc	0.34%	4.90%	9.89%	10.40%	34.50%	19.84%	5.34%	5.35%
HUBS HubSpot, Inc.	0.83%	2.46%	-53.16%	-50.00%	-66.10%	-28.43%	-18.40%	14.57%
ICLN iShares Global Clean Energy ETF	0.87%	-5.47%	27.33%	27.01%	60.20%	5.25%	-0.21%	11.67%
ITA iShares U.S. Aerospace & Defense ETF	-0.95%	4.16%	8.97%	11.71%	30.42%	27.30%	16.86%	15.34%
KO The Coca-Cola Company	0.11%	2.23%	18.99%	17.96%	18.86%	14.33%	11.29%	9.55%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 9, 2014, Gemini September 2025's average daily return is +0.06%, while the average monthly return is +1.24%. At this rate, an investment would double in approximately 4.7 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +11.5%, while the worst month was Mar 2020 at -11.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Gemini September 2025 closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.9%, while the worst single day was Mar 16, 2020 at -10.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.69%	1.65%	-5.89%	3.13%	7.08%	-2.98%							5.25%
2025	3.00%	-1.67%	-1.91%	0.94%	3.91%	2.71%	0.58%	2.22%	3.57%	3.32%	-0.23%	0.35%	17.89%
2024	0.54%	2.21%	3.29%	-2.71%	4.98%	-0.69%	2.32%	3.60%	1.54%	-2.51%	4.04%	-4.00%	12.83%
2023	3.33%	-1.70%	5.27%	0.68%	0.79%	3.60%	2.03%	-2.27%	-5.38%	-0.55%	8.26%	4.33%	19.13%
2022	-5.15%	2.04%	1.89%	-6.92%	-1.42%	-4.99%	6.13%	-1.58%	-8.35%	8.20%	6.30%	-3.29%	-8.46%
2021	-2.05%	1.67%	3.21%	4.37%	1.34%	1.83%	2.18%	3.40%	-4.31%	7.16%	-2.48%	3.38%	20.91%

Benchmark Metrics

Gemini September 2025 has an annualized alpha of 4.49%, beta of 0.84, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since October 09, 2014.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.49%) than losses (74.33%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.49% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 4.49%

Beta: 0.84

R²: 0.90

Upside Capture: 91.49%

Downside Capture: 74.33%

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

Expense Ratio

Gemini September 2025 has an expense ratio of 0.12%, 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.

GLD

SPDR Gold Shares

ICLN

iShares Global Clean Energy ETF

ITA

iShares U.S. Aerospace & Defense ETF

XLK

State Street Technology Select Sector SPDR ETF

XLV

State Street Health Care Select Sector SPDR ETF

XLP

State Street Consumer Staples Select Sector SPDR ETF

XLF

State Street Financial Select Sector SPDR ETF

Return for Risk

Risk / Return Rank

Gemini September 2025 ranks 22 for risk / return — below 22% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

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 Gemini September 2025 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	1.42	1.86	-0.44
Sortino ratioReturn per unit of downside risk	2.02	2.53	-0.51
Omega ratioGain probability vs. loss probability	1.25	1.34	-0.09
Calmar ratioReturn relative to maximum drawdown	1.78	2.53	-0.75
Martin ratioReturn relative to average drawdown	6.48	11.37	-4.89

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
AKAM Akamai Technologies, Inc.	81	1.30	2.07	1.30	2.77	9.09
FSLR First Solar, Inc.	72	1.02	1.63	1.22	1.70	3.57
GD General Dynamics Corporation	80	1.44	2.31	1.27	2.15	7.36
GLD SPDR Gold Shares	26	0.87	1.24	1.18	0.98	2.81
GLOB Globant S.A.	4	-1.13	-1.91	0.78	-0.94	-1.55
GSK GlaxoSmithKline plc	71	1.09	1.66	1.20	1.58	3.92
HUBS HubSpot, Inc.	3	-1.07	-1.84	0.77	-0.99	-1.66
ICLN iShares Global Clean Energy ETF	73	2.17	2.73	1.34	3.73	13.84
ITA iShares U.S. Aerospace & Defense ETF	43	1.43	2.11	1.25	1.97	5.20
KO The Coca-Cola Company	73	1.06	1.73	1.19	2.26	4.51

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 Gemini September 2025 Sharpe ratio is 1.42 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of Gemini September 2025 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

Gemini September 2025 provided a 1.11% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.11%	1.18%	1.27%	1.28%	1.30%	1.16%	1.30%	1.42%	1.67%	1.46%	3.65%	1.64%
Portfolio components:
AKAM Akamai Technologies, 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%
FSLR First Solar, 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%
GD General Dynamics Corporation	1.69%	1.76%	2.12%	2.01%	2.00%	2.24%	2.90%	2.26%	2.31%	1.61%	1.72%	1.96%
GLD SPDR Gold Shares	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GLOB Globant S.A.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GSK GlaxoSmithKline plc	3.26%	3.42%	4.60%	3.75%	5.47%	4.99%	5.59%	4.35%	5.65%	5.83%	6.86%	5.93%
HUBS HubSpot, 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%
ICLN iShares Global Clean Energy ETF	1.28%	1.63%	1.85%	1.59%	0.89%	1.18%	0.34%	1.36%	2.77%	2.49%	3.88%	2.36%
ITA iShares U.S. Aerospace & Defense ETF	0.46%	0.55%	0.85%	0.93%	0.95%	0.82%	1.07%	1.54%	1.13%	0.91%	1.07%	1.04%
KO The Coca-Cola Company	1.88%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%

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 Gemini September 2025. 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 Gemini September 2025 was 32.20%, occurring on Mar 23, 2020. Recovery took 84 trading sessions.

The current Gemini September 2025 drawdown is 3.64%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-32.20%Mar 2020	1mo 2d	4mo 1d	5mo 3dFeb 2020 - Jul 2020
Bear market2022	-19.11%Oct 2022	11mo 8d	7mo 21d	1y 6moNov 2021 - Jun 2023
Rate-hike selloffLate 2018	-14.93%Dec 2018	3mo 4d	1mo 20d	4mo 24dSep 2018 - Feb 2019
2025 selloff2025	-13.56%Apr 2025	4mo 4d	1mo 5d	5mo 9dDec 2024 - May 2025
2015 correction2015	-10.50%Aug 2015	3mo 5d	2mo 9d	5mo 14dMay 2015 - Nov 2015

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 20 assets, with an effective number of assets of 13.56, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest. Rebalancing toward more even weights — or adding less correlated assets — could reduce risk.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	2.25	1.91	1.69	1.54	1.54

The portfolio has a diversification ratio of 1.54, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Gemini September 2025 correlation to the S&P 500 Index

Gemini September 2025 has a 0.82 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Oct 9, 2014	0.91

Benchmark Correlations

Correlation vs. S&P 500 Index. XLK has the highest benchmark correlation at 0.89, while GLD has the lowest at 0.03.

0.03

0.33

0.33

0.36

0.37

GSK

0.38

0.39

0.45

0.48

0.49

0.52

0.53

0.54

0.56

0.61

0.68

0.69

0.73

0.76

0.89

Portfolio Correlations

Correlation vs. Gemini September 2025. XLK has the highest portfolio correlation at 0.82, while GLD has the lowest at 0.16.

GLD

0.16

0.40

NEE

0.41

0.43

0.43

0.44

0.45

0.53

0.55

0.56

0.57

0.59

0.60

0.60

0.68

0.69

0.70

0.70

0.72

0.82

Asset Correlations Table

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

	GLD	FSLR	HUBS	NEE	GSK	GLOB	PG	NOC	LMT	KO	AKAM	ZBH	ICLN	MSFT	GD	XLP	XLF	ITA	XLK	XLV
GLD	1.00	0.06	0.03	0.14	0.10	0.02	0.06	0.04	0.02	0.05	0.02	0.03	0.14	0.00	0.02	0.05	-0.08	0.04	0.02	0.03
FSLR	0.06	1.00	0.26	0.24	0.16	0.28	0.11	0.12	0.13	0.12	0.27	0.25	0.68	0.32	0.23	0.19	0.33	0.35	0.43	0.29
HUBS	0.03	0.26	1.00	0.11	0.14	0.49	0.07	0.13	0.13	0.08	0.39	0.28	0.37	0.47	0.21	0.16	0.32	0.33	0.51	0.33
NEE	0.14	0.24	0.11	1.00	0.27	0.17	0.42	0.27	0.26	0.43	0.21	0.27	0.34	0.23	0.28	0.49	0.22	0.26	0.24	0.35
GSK	0.10	0.16	0.14	0.27	1.00	0.18	0.34	0.26	0.26	0.35	0.25	0.33	0.28	0.25	0.27	0.41	0.30	0.27	0.28	0.54
GLOB	0.02	0.28	0.49	0.17	0.18	1.00	0.12	0.13	0.14	0.14	0.38	0.30	0.39	0.42	0.22	0.21	0.35	0.32	0.49	0.36
PG	0.06	0.11	0.07	0.42	0.34	0.12	1.00	0.30	0.30	0.61	0.23	0.31	0.19	0.26	0.31	0.78	0.31	0.26	0.24	0.46
NOC	0.04	0.12	0.13	0.27	0.26	0.13	0.30	1.00	0.75	0.34	0.24	0.27	0.18	0.19	0.62	0.40	0.36	0.61	0.20	0.37
LMT	0.02	0.13	0.13	0.26	0.26	0.14	0.30	0.75	1.00	0.36	0.24	0.28	0.19	0.21	0.64	0.41	0.38	0.63	0.24	0.38
KO	0.05	0.12	0.08	0.43	0.35	0.14	0.61	0.34	0.36	1.00	0.23	0.34	0.22	0.25	0.35	0.76	0.37	0.33	0.25	0.44
AKAM	0.02	0.27	0.39	0.21	0.25	0.38	0.23	0.24	0.24	0.23	1.00	0.32	0.38	0.46	0.32	0.34	0.41	0.39	0.55	0.45
ZBH	0.03	0.25	0.28	0.27	0.33	0.30	0.31	0.27	0.28	0.34	0.32	1.00	0.36	0.34	0.37	0.42	0.48	0.40	0.39	0.58
ICLN	0.14	0.68	0.37	0.34	0.28	0.39	0.19	0.18	0.19	0.22	0.38	0.36	1.00	0.42	0.31	0.30	0.45	0.47	0.56	0.41
MSFT	0.00	0.32	0.47	0.23	0.25	0.42	0.26	0.19	0.21	0.25	0.46	0.34	0.42	1.00	0.31	0.35	0.44	0.40	0.81	0.46
GD	0.02	0.23	0.21	0.28	0.27	0.22	0.31	0.62	0.64	0.35	0.32	0.37	0.31	0.31	1.00	0.44	0.56	0.72	0.37	0.47
XLP	0.05	0.19	0.16	0.49	0.41	0.21	0.78	0.40	0.41	0.76	0.34	0.42	0.30	0.35	0.44	1.00	0.47	0.42	0.37	0.57
XLF	-0.08	0.33	0.32	0.22	0.30	0.35	0.31	0.36	0.38	0.37	0.41	0.48	0.45	0.44	0.56	0.47	1.00	0.66	0.54	0.56
ITA	0.04	0.35	0.33	0.26	0.27	0.32	0.26	0.61	0.63	0.33	0.39	0.40	0.47	0.40	0.72	0.42	0.66	1.00	0.52	0.48
XLK	0.02	0.43	0.51	0.24	0.28	0.49	0.24	0.20	0.24	0.25	0.55	0.39	0.56	0.81	0.37	0.37	0.54	0.52	1.00	0.53
XLV	0.03	0.29	0.33	0.35	0.54	0.36	0.46	0.37	0.38	0.44	0.45	0.58	0.41	0.46	0.47	0.57	0.56	0.48	0.53	1.00

The correlation results are calculated based on daily price changes starting from Oct 9, 2014

Diversification Analysis

Find what Gemini September 2025 is missing

See which holdings overlap, where Gemini September 2025 is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification