Optimal with gold 1

Asset Allocation

Position	Category/Sector	Target Weight
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	Financials Equities	7.94%
KCE SPDR S&P Capital Markets ETF	Financials Equities	0%
OUNZ VanEck Merk Gold Trust	Precious Metals, Gold	56.22%
PPA Invesco Aerospace & Defense ETF	Industrials Equities, Aerospace & Defense	0%
QQQ Invesco QQQ ETF	Large Cap Growth Equities	0%
QTUM Defiance Quantum ETF	Technology Equities	27.42%
SCHX Schwab U.S. Large-Cap ETF	Large Cap Blend Equities	0%
SPMO Invesco S&P 500 Momentum ETF	S&P 500	8.41%
VEU Vanguard FTSE All-World ex-US ETF	Foreign Large Cap Equities	0%
VOO Vanguard S&P 500 ETF	S&P 500	0%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Optimal with gold 1, 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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The earliest data available for this chart is Sep 5, 2018, corresponding to the inception date of QTUM

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-4.18%	-3.84%	-1.98%	21.98%	16.86%	10.37%	12.29%
Portfolio Optimal with gold 1	-0.83%	-6.69%	4.08%	10.49%	48.77%	33.19%	20.74%	—
Portfolio components:
QQQ Invesco QQQ ETF	0.11%	-4.10%	-4.65%	-2.77%	30.43%	22.97%	13.18%	19.05%
SPMO Invesco S&P 500 Momentum ETF	0.21%	-4.32%	-3.57%	-3.95%	30.58%	28.37%	17.71%	17.43%
VOO Vanguard S&P 500 ETF	0.11%	-4.01%	-3.55%	-1.41%	23.49%	18.47%	11.96%	14.19%
SCHX Schwab U.S. Large-Cap ETF	0.08%	-4.02%	-3.63%	-1.77%	23.35%	18.46%	11.31%	14.06%
PPA Invesco Aerospace & Defense ETF	0.01%	-7.59%	8.36%	8.62%	50.08%	28.32%	19.16%	18.03%
QTUM Defiance Quantum ETF	0.61%	-3.17%	0.48%	0.38%	56.95%	34.57%	18.98%	—
KCE SPDR S&P Capital Markets ETF	0.30%	-5.58%	-7.76%	-8.77%	17.77%	20.92%	11.97%	16.04%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	0.79%	-3.71%	-6.98%	-4.90%	25.61%	24.05%	13.97%	17.97%
VEU Vanguard FTSE All-World ex-US ETF	-0.67%	-3.49%	2.90%	6.03%	30.43%	15.65%	7.59%	9.14%
OUNZ VanEck Merk Gold Trust	-1.92%	-8.95%	8.39%	20.15%	50.02%	32.70%	21.69%	14.06%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 6, 2018, Optimal with gold 1's average daily return is +0.08%, while the average monthly return is +1.64%. At this rate, your investment would double in approximately 3.6 years.

Historically, 67% of months were positive and 33% were negative. The best month was Sep 2025 with a return of +10.1%, while the worst month was Mar 2026 at -9.3%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Optimal with gold 1 closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +7.0%, while the worst single day was Jan 30, 2026 at -6.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	8.81%	4.55%	-9.29%	0.87%									4.08%
2025	5.43%	-0.29%	2.86%	3.43%	5.11%	4.07%	0.27%	3.57%	10.10%	4.64%	1.30%	1.77%	50.91%
2024	-0.28%	4.05%	6.39%	-0.64%	3.71%	1.06%	3.01%	1.93%	3.16%	2.67%	3.55%	3.05%	36.43%
2023	6.82%	-3.29%	5.54%	-0.88%	0.98%	1.16%	3.33%	-1.95%	-4.45%	1.86%	6.40%	4.25%	20.76%
2022	-4.27%	3.11%	0.93%	-5.77%	-0.68%	-5.61%	2.63%	-3.71%	-6.28%	1.92%	9.16%	-1.15%	-10.36%
2021	0.17%	-1.07%	0.15%	3.50%	4.60%	-2.47%	1.45%	1.87%	-3.06%	3.70%	-0.25%	2.88%	11.75%

Benchmark Metrics

Optimal with gold 1 has an annualized alpha of 14.42%, beta of 0.51, and R² of 0.46 versus S&P 500 Index. Calculated based on daily prices since September 06, 2018.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (78.99%) than losses (35.11%) — typical of diversified or defensive assets.
Beta of 0.51 may look defensive, but with R² of 0.46 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
R² of 0.46 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha: 14.42%

Beta: 0.51

R²: 0.46

Upside Capture: 78.99%

Downside Capture: 35.11%

Expense Ratio

Optimal with gold 1 has an expense ratio of 0.29%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

PPA

Invesco Aerospace & Defense ETF

IAI

iShares U.S. Broker-Dealers & Securities Exchanges ETF

QTUM

Defiance Quantum ETF

KCE

SPDR S&P Capital Markets ETF

OUNZ

VanEck Merk Gold Trust

QQQ

Invesco QQQ ETF

SPMO

Invesco S&P 500 Momentum ETF

VEU

Vanguard FTSE All-World ex-US ETF

VOO

Vanguard S&P 500 ETF

SCHX

Schwab U.S. Large-Cap ETF

Return for Risk

Risk / Return Rank

Optimal with gold 1 ranks 85 for risk / return — in the top 85% 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.

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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	2.14	0.88	+1.26
Sortino ratio Return per unit of downside risk	2.70	1.37	+1.34
Omega ratio Gain probability vs. loss probability	1.42	1.21	+0.22
Calmar ratio Return relative to maximum drawdown	2.93	1.39	+1.54
Martin ratio Return relative to average drawdown	11.22	6.43	+4.79
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.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
QQQ Invesco QQQ ETF	58	1.04	1.62	1.23	1.93	7.00
SPMO Invesco S&P 500 Momentum ETF	56	1.01	1.55	1.23	1.91	6.68
VOO Vanguard S&P 500 ETF	53	0.98	1.49	1.23	1.53	7.13
SCHX Schwab U.S. Large-Cap ETF	51	0.94	1.45	1.22	1.48	6.81
PPA Invesco Aerospace & Defense ETF	88	2.01	2.71	1.38	3.30	12.97
QTUM Defiance Quantum ETF	81	1.61	2.24	1.30	3.18	11.03
KCE SPDR S&P Capital Markets ETF	20	0.32	0.61	1.08	0.58	1.52
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	34	0.74	1.13	1.16	1.19	3.57
VEU Vanguard FTSE All-World ex-US ETF	78	1.62	2.23	1.33	2.46	9.28
OUNZ VanEck Merk Gold Trust	79	1.79	2.22	1.33	2.59	9.35

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.

Optimal with gold 1 Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 2.14
5-Year: 1.39
All Time: 1.39

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 0.99 to 1.69, 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 Optimal with gold 1 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

Optimal with gold 1 provided a 0.46% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.46%	0.41%	0.29%	0.50%	0.71%	0.28%	0.34%	0.41%	0.27%	0.17%	0.28%	0.13%
Portfolio components:
QQQ Invesco QQQ ETF	0.48%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%
SPMO Invesco S&P 500 Momentum ETF	0.88%	0.73%	0.48%	1.63%	1.66%	0.52%	1.27%	1.39%	1.05%	0.77%	1.94%	0.36%
VOO Vanguard S&P 500 ETF	1.18%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%
SCHX Schwab U.S. Large-Cap ETF	1.16%	1.09%	1.22%	1.39%	1.64%	1.22%	1.64%	1.82%	2.02%	1.70%	1.92%	2.04%
PPA Invesco Aerospace & Defense ETF	0.39%	0.42%	0.61%	0.67%	0.83%	0.59%	0.88%	0.95%	0.90%	0.67%	1.70%	1.41%
QTUM Defiance Quantum ETF	1.07%	1.01%	0.61%	0.81%	1.46%	0.48%	0.42%	0.61%	0.21%	0.00%	0.00%	0.00%
KCE SPDR S&P Capital Markets ETF	1.87%	1.63%	1.56%	1.82%	2.42%	1.53%	2.20%	2.32%	2.67%	1.95%	2.30%	2.43%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	1.16%	0.95%	1.05%	1.80%	2.14%	1.31%	1.55%	1.52%	1.58%	1.37%	1.49%	1.31%
VEU Vanguard FTSE All-World ex-US ETF	2.90%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%
OUNZ VanEck Merk Gold Trust	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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Optimal with gold 1. 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 Optimal with gold 1 was 21.10%, occurring on Oct 14, 2022. Recovery took 188 trading sessions.

The current Optimal with gold 1 drawdown is 11.02%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-21.1%	Nov 15, 2021	231	Oct 14, 2022	188	Jul 18, 2023	419
-18.99%	Feb 24, 2020	19	Mar 19, 2020	43	May 20, 2020	62
-15.38%	Jan 29, 2026	40	Mar 26, 2026	—	—	—
-9.49%	Feb 20, 2025	34	Apr 8, 2025	8	Apr 21, 2025	42
-8.41%	Feb 16, 2021	15	Mar 8, 2021	43	May 7, 2021	58

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 10 assets, with an effective number of assets of 2.47, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.

Asset Correlations Table

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

	Benchmark	OUNZ	PPA	IAI	KCE	SPMO	VEU	QQQ	QTUM	VOO	SCHX	Portfolio
Benchmark	1.00	0.06	0.72	0.76	0.81	0.86	0.80	0.92	0.83	1.00	1.00	0.63
OUNZ	0.06	1.00	0.08	-0.00	0.03	0.07	0.23	0.06	0.11	0.06	0.06	0.70
PPA	0.72	0.08	1.00	0.68	0.71	0.63	0.62	0.55	0.61	0.72	0.72	0.50
IAI	0.76	-0.00	0.68	1.00	0.91	0.64	0.67	0.61	0.65	0.76	0.76	0.49
KCE	0.81	0.03	0.71	0.91	1.00	0.66	0.72	0.67	0.72	0.81	0.82	0.54
SPMO	0.86	0.07	0.63	0.64	0.66	1.00	0.69	0.84	0.74	0.86	0.86	0.59
VEU	0.80	0.23	0.62	0.67	0.72	0.69	1.00	0.71	0.78	0.80	0.80	0.69
QQQ	0.92	0.06	0.55	0.61	0.67	0.84	0.71	1.00	0.85	0.92	0.92	0.62
QTUM	0.83	0.11	0.61	0.65	0.72	0.74	0.78	0.85	1.00	0.83	0.84	0.72
VOO	1.00	0.06	0.72	0.76	0.81	0.86	0.80	0.92	0.83	1.00	1.00	0.63
SCHX	1.00	0.06	0.72	0.76	0.82	0.86	0.80	0.92	0.84	1.00	1.00	0.64
Portfolio	0.63	0.70	0.50	0.49	0.54	0.59	0.69	0.62	0.72	0.63	0.64	1.00

The correlation results are calculated based on daily price changes starting from Sep 6, 2018

Optimal with gold 1

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table