Situational Awareness Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
CRWV CoreWeave, Inc.	Technology	21.90%
BE Bloom Energy Corporation	Industrials	16.50%
INTC Intel Corporation	Technology	13.60%
LITE Lumentum Holdings Inc.	Technology	8.70%
CORZ Core Scientific, Inc	Technology	7.60%
IREN IREN Limited	Financial Services	6%
APLD Applied Digital Corporation	Technology	5%
SNDK Sandisk Corporation	Technology	4.50%
EQT EQT Corporation	Energy	3.10%
CIFR Cipher Digital Inc.	Technology	2.80%
COHR Coherent Corp.	Technology	1.60%
SEI Solaris Energy Infrastructure, Inc	Energy	1.60%
TSEM Tower Semiconductor Ltd	Technology	1.50%
RIOT Riot Platforms, Inc.	Technology	1.40%
KRC Kilroy Realty Corporation	Real Estate	0.90%
HUT Hut 8 Corp.	Financial Services	0.70%
WYFI WhiteFiber, Inc	Technology	0.50%
PSIX Power Solutions International, Inc.	Industrials	0.40%
BTDR Bitdeer Technologies Group Class A Ordinary Shares	Technology	0.40%
CLSK CleanSpark, Inc.	Financial Services	0.30%
LBRT Liberty Oilfield Services Inc.	Energy	0.20%
INFY Infosys Limited	Technology	0.20%
PUMP ProPetro Holding Corp.	Energy	0.20%
BW Babcock & Wilcox Enterprises, Inc.	Industrials	0.20%
KEEL Keel Infrastructure Corporation	Financial Services	0.20%

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 Situational Awareness 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

Position	1D	1M	6M	YTD	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.72%	2.08%	9.21%	10.11%	20.04%	19.66%	11.58%	13.47%
Portfolio Situational Awareness Portfolio	4.71%	0.29%	95.92%	119.10%	—	—	—	—
Portfolio components:
APLD Applied Digital Corporation	1.33%	-15.45%	10.93%	36.62%	220.57%	58.77%	79.45%	121.10%
BE Bloom Energy Corporation	8.92%	11.93%	184.06%	239.57%	1,117.20%	160.50%	65.84%	—
BTDR Bitdeer Technologies Group Class A Ordinary Shares	2.89%	-18.43%	14.18%	27.12%	3.49%	4.08%	—	—
BW Babcock & Wilcox Enterprises, Inc.	-3.58%	-29.01%	77.57%	83.18%	1,027.51%	24.28%	9.67%	-22.58%
CIFR Cipher Digital Inc.	8.43%	-3.21%	19.66%	47.22%	259.17%	79.94%	—	—
CLSK CleanSpark, Inc.	7.05%	-13.34%	9.84%	33.50%	10.29%	31.07%	-2.82%	-8.23%
COHR Coherent Corp.	0.70%	-10.95%	80.14%	81.88%	269.31%	86.85%	36.00%	33.27%
CORZ Core Scientific, Inc	6.39%	-11.80%	36.28%	56.59%	26.67%	—	—	—
CRWV CoreWeave, Inc.	5.77%	-13.88%	12.49%	20.74%	-47.66%	—	—	—
EQT EQT Corporation	-1.71%	-3.80%	-2.53%	-2.98%	-5.41%	10.76%	21.92%	2.94%

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

Monthly Returns

Based on dividend-adjusted daily data since Aug 7, 2025, Situational Awareness Portfolio's average daily return is +0.68%, while the average monthly return is +14.07%. At this rate, an investment would double in approximately 0.4 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +60.2%, while the worst month was Jul 2026 at -10.5%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 2 months.

On a daily basis, Situational Awareness Portfolio closed higher 60% of trading days. The best single day was Feb 6, 2026 with a return of +10.3%, while the worst single day was Nov 13, 2025 at -11.4%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	37.80%	0.59%	-5.94%	60.19%	14.52%	2.37%	-10.51%						119.10%
2025								15.21%	45.42%	26.37%	-9.73%	-7.39%	76.99%

Benchmark Metrics

Situational Awareness Portfolio has an annualized alpha of 189.33%, beta of 3.25, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since August 07, 2025.

This portfolio captured 1803.99% of S&P 500 Index gains and 142.89% of its losses - amplifying both gains and losses, but participating more in upside than downside.
R2 of 0.42 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: 189.33%

Beta: 3.25

R²: 0.42

Upside Capture: 1,803.99%

Downside Capture: 142.89%

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

Expense Ratio

Situational Awareness 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.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Return / Risk — by metrics

The table below presents risk-adjusted performance metrics for Situational Awareness 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	—	1.61	—
Sortino ratioReturn per unit of downside risk	—	2.22	—
Omega ratioGain probability vs. loss probability	—	1.29	—
Calmar ratioReturn relative to maximum drawdown	—	2.21	—
Martin ratioReturn relative to average drawdown	—	9.63	—

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
APLD Applied Digital Corporation	90	2.08	2.83	1.32	4.41	10.63
BE Bloom Energy Corporation	99	10.19	4.81	1.61	24.59	74.63
BTDR Bitdeer Technologies Group Class A Ordinary Shares	48	0.04	0.79	1.09	0.05	0.08
BW Babcock & Wilcox Enterprises, Inc.	99	8.14	4.78	1.58	22.17	72.19
CIFR Cipher Digital Inc.	90	2.41	2.87	1.33	5.08	10.10
CLSK CleanSpark, Inc.	49	0.12	0.83	1.09	0.16	0.26
COHR Coherent Corp.	96	3.55	3.19	1.44	10.23	27.00
CORZ Core Scientific, Inc	58	0.41	0.98	1.12	0.66	1.41
CRWV CoreWeave, Inc.	19	-0.50	-0.30	0.97	-0.80	-1.26
EQT EQT Corporation	35	-0.17	-0.02	1.00	-0.22	-0.45

Sharpe Ratio

There isn't enough data available to calculate the Sharpe ratio for Situational Awareness Portfolio. This metric is based on the past 12 months of trading data. Please check back later for updated information.

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Dividends

Dividend yield

Situational Awareness Portfolio provided a 0.12% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.12%	0.11%	0.38%	0.40%	0.92%	0.50%	0.49%	0.40%	0.41%	0.40%	0.44%	0.41%
Portfolio components:
APLD Applied Digital 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%
BE Bloom Energy 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%
BTDR Bitdeer Technologies Group Class A Ordinary 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%
BW Babcock & Wilcox Enterprises, Inc.	3.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CIFR Cipher Digital 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%
CLSK CleanSpark, 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%
COHR Coherent Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CORZ Core Scientific, 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%
CRWV CoreWeave, 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%
EQT EQT Corporation	1.26%	1.19%	1.37%	1.57%	1.63%	0.00%	0.24%	1.10%	0.42%	0.21%	0.18%	0.23%

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 Situational Awareness 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 Situational Awareness Portfolio was 26.12%, occurring on Nov 20, 2025. Recovery took 33 trading sessions.

The current Situational Awareness Portfolio drawdown is 18.65%.

Related event	Drawdown	Fall	Recovery	Underwater
2025 bear market2025	-26.12%Nov 2025	14d	1mo 20d	2mo 4dNov 2025 - Jan 2026
2026 bear market2026	-22.31%Jul 2026	9d	—	14d 23hJun 2026 - now
2026 bear market2026	-21.22%Mar 2026	1mo 2d	9d	1mo 11dFeb 2026 - Apr 2026
2026 correction2026	-15.75%Feb 2026	7d	19d	26dJan 2026 - Feb 2026
2026 correction2026	-14.67%Jun 2026	7d	8d	15dJun 2026 - Jun 2026

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 concentrated bet on a handful of AI-infrastructure, chip, and bitcoin-mining names, with a few industrial and energy satellites around the edges. The diversification is real, but it is mostly happening inside one broad trade, which is how portfolios become tidy-looking and still very much one idea.

The numbers

25 positions, but an effective count of 8.47; the weights are spread on paper, less so in correlation space.
Diversification ratio is 1.46, at the 73.6th percentile on the platform, which is meaningful diversification, not the kind that changes the species of risk.
Mean pairwise correlation is 0.31, with several tight pockets at 0.75-0.81; the portfolio is not a single-name vehicle, but it is also not a mosaic of unrelated businesses.

The good

The portfolio does have multiple clusters, and that is better than pretending one theme is ten themes.
There are genuine offsets: EQT (Energy) and INFY (Technology) sit near the edge of the main cluster structure and barely move with parts of it.

The bad

The largest weights, CoreWeave (CRWV), Baker Hughes (BE), Intel (INTC), and Lumen-like optical names such as Lightwave Logic (LITE), sit close to the same cloud of AI-capex and data-center sentiment.
The most crowded pocket, IREN-CIFR-RIOT-CLSK-HUT, is a clean bitcoin-beta cluster; in some sense, that is one trade with several ticker symbols.

The ugly

If AI capex slows or data-center financing tightens, the CRWV / APLD / CORZ cluster and the adjacent optics and chip names can start behaving less like diversification and more like one earnings shock in slow motion.
If bitcoin weakens together with risk appetite, the mining cluster can lose its own internal offsets and drag the portfolio in the same direction as the tech-heavy sleeve.

Next steps

Portfolios with this correlation profile are usually complemented by exposures whose earnings drivers sit outside the compute and hash-rate cycles.
The energy and infrastructure satellites already point in that direction, though their current weights are too small to dominate the covariance math.
The portfolio’s structure is clearer than its labels: several themes are present, but two of them do most of the work.

AI-generated analysis. Not investment advice. Verify key facts independently.

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Diversification Metrics

Number of Effective Assets

The portfolio contains 25 assets, with an effective number of assets of 8.47, reflecting the diversification based on asset allocation. Your portfolio is dominated by one or two holdings, which significantly increases concentration risk. Consider rebalancing toward more even weights or adding additional positions.

Diversification Ratio

	All Time
Diversification Ratio	1.46

The portfolio has a diversification ratio of 1.46, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Situational Awareness Portfolio correlation to the S&P 500 Index

Situational Awareness Portfolio has a 0.62 correlation to S&P 500 Index over the full available history. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 7, 2025	0.62

Benchmark Correlations

Correlation vs. S&P 500 Index. COHR has the highest benchmark correlation at 0.54, while EQT has the lowest at 0.03.

0.03

0.15

0.21

0.26

0.28

0.30

0.33

0.38

0.41

0.43

Portfolio Correlations

Correlation vs. Situational Awareness Portfolio. BE has the highest portfolio correlation at 0.80, while INFY has the lowest at -0.03.

-0.03

-0.02

0.09

0.25

0.34

0.40

0.53

0.53

0.54

0.55

Asset Correlations Table

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

	INFY	EQT	KRC	PUMP	LBRT	LITE	BW	INTC	PSIX	SNDK	TSEM	SEI	COHR	CRWV	BTDR	BE	WYFI	IREN	KEEL	APLD	CLSK	CORZ	CIFR	RIOT	HUT
INFY	1.00	0.11	0.15	-0.01	-0.02	-0.06	0.00	0.04	-0.04	-0.03	0.01	-0.13	-0.02	0.06	0.09	-0.13	0.12	-0.03	0.02	-0.01	0.11	0.01	0.01	0.15	0.09
EQT	0.11	1.00	-0.11	0.23	0.15	0.05	0.09	0.07	-0.04	0.05	0.06	0.02	0.05	-0.05	-0.02	-0.01	0.11	-0.02	0.03	-0.08	0.09	-0.06	0.01	0.05	0.07
KRC	0.15	-0.11	1.00	0.02	0.07	-0.01	0.08	0.08	0.04	0.02	0.05	0.16	0.07	0.02	0.20	0.08	0.07	0.12	0.14	0.08	0.15	0.15	0.09	0.12	0.13
PUMP	-0.01	0.23	0.02	1.00	0.75	0.25	0.25	0.27	0.15	0.19	0.14	0.34	0.22	0.16	0.07	0.21	0.17	0.13	0.14	0.11	0.14	0.19	0.13	0.15	0.14
LBRT	-0.02	0.15	0.07	0.75	1.00	0.36	0.27	0.32	0.19	0.28	0.21	0.45	0.36	0.17	0.09	0.29	0.15	0.15	0.15	0.20	0.15	0.19	0.14	0.18	0.18
LITE	-0.06	0.05	-0.01	0.25	0.36	1.00	0.18	0.39	0.27	0.49	0.57	0.30	0.75	0.29	0.11	0.41	0.23	0.12	0.18	0.24	0.15	0.28	0.18	0.21	0.25
BW	0.00	0.09	0.08	0.25	0.27	0.18	1.00	0.20	0.22	0.26	0.33	0.38	0.26	0.27	0.33	0.38	0.32	0.36	0.40	0.39	0.35	0.33	0.44	0.38	0.37
INTC	0.04	0.07	0.08	0.27	0.32	0.39	0.20	1.00	0.27	0.45	0.46	0.36	0.45	0.25	0.22	0.36	0.28	0.19	0.23	0.26	0.32	0.32	0.21	0.35	0.28
PSIX	-0.04	-0.04	0.04	0.15	0.19	0.27	0.22	0.27	1.00	0.40	0.33	0.35	0.42	0.41	0.30	0.37	0.29	0.40	0.35	0.37	0.38	0.41	0.40	0.35	0.39
SNDK	-0.03	0.05	0.02	0.19	0.28	0.49	0.26	0.45	0.40	1.00	0.39	0.38	0.47	0.35	0.23	0.45	0.31	0.25	0.31	0.32	0.30	0.33	0.30	0.32	0.36
TSEM	0.01	0.06	0.05	0.14	0.21	0.57	0.33	0.46	0.33	0.39	1.00	0.33	0.62	0.33	0.28	0.45	0.34	0.31	0.30	0.42	0.33	0.38	0.41	0.38	0.36
SEI	-0.13	0.02	0.16	0.34	0.45	0.30	0.38	0.36	0.35	0.38	0.33	1.00	0.43	0.37	0.35	0.44	0.34	0.35	0.40	0.44	0.36	0.44	0.40	0.35	0.39
COHR	-0.02	0.05	0.07	0.22	0.36	0.75	0.26	0.45	0.42	0.47	0.62	0.43	1.00	0.44	0.29	0.47	0.35	0.30	0.31	0.39	0.32	0.44	0.32	0.36	0.38
CRWV	0.06	-0.05	0.02	0.16	0.17	0.29	0.27	0.25	0.41	0.35	0.33	0.37	0.44	1.00	0.45	0.47	0.51	0.53	0.47	0.59	0.46	0.66	0.48	0.48	0.54
BTDR	0.09	-0.02	0.20	0.07	0.09	0.11	0.33	0.22	0.30	0.23	0.28	0.35	0.29	0.45	1.00	0.36	0.53	0.63	0.70	0.58	0.67	0.57	0.67	0.63	0.66
BE	-0.13	-0.01	0.08	0.21	0.29	0.41	0.38	0.36	0.37	0.45	0.45	0.44	0.47	0.47	0.36	1.00	0.46	0.44	0.47	0.55	0.38	0.44	0.50	0.43	0.47
WYFI	0.12	0.11	0.07	0.17	0.15	0.23	0.32	0.28	0.29	0.31	0.34	0.34	0.35	0.51	0.53	0.46	1.00	0.55	0.63	0.60	0.66	0.59	0.63	0.64	0.60
IREN	-0.03	-0.02	0.12	0.13	0.15	0.12	0.36	0.19	0.40	0.25	0.31	0.35	0.30	0.53	0.63	0.44	0.55	1.00	0.69	0.64	0.69	0.64	0.81	0.65	0.69
KEEL	0.02	0.03	0.14	0.14	0.15	0.18	0.40	0.23	0.35	0.31	0.30	0.40	0.31	0.47	0.70	0.47	0.63	0.69	1.00	0.64	0.79	0.66	0.72	0.72	0.73
APLD	-0.01	-0.08	0.08	0.11	0.20	0.24	0.39	0.26	0.37	0.32	0.42	0.44	0.39	0.59	0.58	0.55	0.60	0.64	0.64	1.00	0.61	0.66	0.68	0.60	0.65
CLSK	0.11	0.09	0.15	0.14	0.15	0.15	0.35	0.32	0.38	0.30	0.33	0.36	0.32	0.46	0.67	0.38	0.66	0.69	0.79	0.61	1.00	0.60	0.75	0.78	0.71
CORZ	0.01	-0.06	0.15	0.19	0.19	0.28	0.33	0.32	0.41	0.33	0.38	0.44	0.44	0.66	0.57	0.44	0.59	0.64	0.66	0.66	0.60	1.00	0.66	0.62	0.65
CIFR	0.01	0.01	0.09	0.13	0.14	0.18	0.44	0.21	0.40	0.30	0.41	0.40	0.32	0.48	0.67	0.50	0.63	0.81	0.72	0.68	0.75	0.66	1.00	0.75	0.75
RIOT	0.15	0.05	0.12	0.15	0.18	0.21	0.38	0.35	0.35	0.32	0.38	0.35	0.36	0.48	0.63	0.43	0.64	0.65	0.72	0.60	0.78	0.62	0.75	1.00	0.75
HUT	0.09	0.07	0.13	0.14	0.18	0.25	0.37	0.28	0.39	0.36	0.36	0.39	0.38	0.54	0.66	0.47	0.60	0.69	0.73	0.65	0.71	0.65	0.75	0.75	1.00

The correlation results are calculated based on daily price changes starting from Aug 7, 2025

Diversification Analysis

Find what Situational Awareness Portfolio is missing

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

Analyze Diversification