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

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*	ALL TIME*
Benchmark S&P 500 Index	0.05%	0.79%	7.18%	8.28%	16.02%	17.51%	10.93%	13.07%	8.07%
Portfolio Situational Awareness Portfolio	-9.51%	-21.79%	35.14%	82.20%	—	—	—	—	—
Portfolio components:
APLD Applied Digital Corporation	-9.03%	-30.57%	-27.86%	10.89%	152.93%	38.47%	84.85%	120.52%	26.15%
BE Bloom Energy Corporation	-14.91%	-26.64%	27.61%	112.79%	438.41%	119.64%	53.79%	—	33.18%
BTDR Bitdeer Technologies Group Class A Ordinary Shares	-5.01%	-32.59%	-20.44%	3.12%	-21.04%	4.02%	—	—	11.00%
BW Babcock & Wilcox Enterprises, Inc.	-12.62%	-33.43%	4.44%	55.67%	848.97%	23.34%	7.70%	-24.05%	-23.64%
CIFR Cipher Digital Inc.	-10.34%	-10.76%	31.76%	56.84%	257.81%	81.37%	—	—	18.19%
CLSK CleanSpark, Inc.	-6.98%	-11.08%	5.91%	43.48%	22.84%	33.23%	1.50%	-7.88%	-8.05%
COHR Coherent Corp.	-9.84%	-25.80%	43.39%	53.00%	182.00%	81.44%	31.66%	30.17%	19.49%
CORZ Core Scientific, Inc	-5.05%	-16.36%	21.08%	56.25%	65.33%	—	—	—	75.95%
CRWV CoreWeave, Inc.	-11.37%	-25.57%	-22.69%	0.38%	-37.83%	—	—	—	58.78%
EQT EQT Corporation	-0.67%	0.63%	-3.95%	-0.50%	2.80%	11.76%	22.93%	3.70%	10.25%

*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 +0.57%, while the average monthly return is +12.82%. At this rate, an investment would double in approximately 0.5 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 -25.6%. 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%	-25.58%						82.20%
2025								15.21%	45.42%	26.37%	-9.73%	-7.39%	76.99%

Benchmark Metrics

Situational Awareness Portfolio has an annualized alpha of 141.28%, beta of 3.27, and R2 of 0.40 versus S&P 500 Index. Calculated based on daily prices since August 07, 2025.

This portfolio captured 2736.29% of S&P 500 Index gains and 340.36% of its losses - amplifying both gains and losses, but participating more in upside than downside.
R2 of 0.40 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: 141.28%

Beta: 3.27

R²: 0.40

Upside Capture: 2,736.29%

Downside Capture: 340.36%

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	—	1.31	—
Sortino ratioReturn per unit of downside risk	—	1.84	—
Omega ratioGain probability vs. loss probability	—	1.24	—
Calmar ratioReturn relative to maximum drawdown	—	1.82	—
Martin ratioReturn relative to average drawdown	—	7.79	—

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	84	1.34	2.32	1.26	2.85	6.25
BE Bloom Energy Corporation	97	4.17	3.40	1.42	9.95	27.20
BTDR Bitdeer Technologies Group Class A Ordinary Shares	39	-0.23	0.36	1.04	-0.33	-0.53
BW Babcock & Wilcox Enterprises, Inc.	99	6.59	4.40	1.52	15.47	45.76
CIFR Cipher Digital Inc.	91	2.24	2.78	1.32	4.86	9.49
CLSK CleanSpark, Inc.	56	0.20	0.95	1.11	0.27	0.44
COHR Coherent Corp.	93	2.38	2.61	1.35	5.33	15.42
CORZ Core Scientific, Inc	75	1.03	1.65	1.20	1.63	3.42
CRWV CoreWeave, Inc.	26	-0.43	-0.10	0.99	-0.71	-1.14
EQT EQT Corporation	43	-0.02	0.19	1.02	-0.03	-0.06

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.	4.22%	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	1.23%	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 32.68%, occurring on Jul 16, 2026. The portfolio has not yet recovered.

The current Situational Awareness Portfolio drawdown is 32.35%.

Drawdown	Fall	Recovery	Underwater	Related event
-32.68%Jul 2026	23d	—	1mo 5dJun 2026 - now	—
-26.12%Nov 2025	14d	1mo 20d	2mo 4dNov 2025 - Jan 2026	—
-21.22%Mar 2026	1mo 2d	9d	1mo 11dFeb 2026 - Apr 2026	—
-15.75%Feb 2026	7d	19d	26dJan 2026 - Feb 2026	—
-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 fairly coherent bet on high-beta infrastructure and adjacent cyclical names, with a bitcoin-mining sleeve hanging off the side; in some sense, it is diversified by ticker count more than by economic driver.

The numbers

Effective asset count is 8.47 out of 25, so the weight is spread, but not in the way a botanist would use the word.
Diversification ratio is 1.44 at the 71.5th percentile, which is decent: there is real mixing here, though not much cross-hedging.
Mean pairwise correlation is 0.32, with several tight subclusters, especially IREN (IREN) / Cipher Mining (CIFR) at 0.81 and CLSK / KEEL at 0.80.

The good

The portfolio is not a one-name bet; the top position is 21.9%, but the rest of the book still matters.
There are genuine cross-sector oddities like EQT, KRC, and INFY, which keep the correlation math from collapsing entirely into one trade.
The 1.44 DR says the portfolio does get some diversification benefit, just not the magical kind.

The bad

The largest cluster is the real portfolio: CRWV (CoreWeave), APLD, CORZ, IREN, CIFR, CLSK, RIOT, HUT, and KEEL all live in the same data-center/AI/bitcoin-mining neighborhood.
Position-to-portfolio correlations are high for the heavy weights, with CRWV at 0.76 and BE at 0.80, so the book still moves like a theme, not a mosaic.

The ugly

If bitcoin miners, AI infrastructure, and high-capex software-adjacent names de-rate together, the internal correlation structure does exactly what it was hired to do: it all goes down together.
EQT and INFY are useful only if gas and Indian IT are the story; otherwise they are mostly decorative.

Next steps

Portfolios with this profile are often paired with exposures whose earnings drivers sit outside capex intensity and GPU scarcity.
A split between the CRWV/APLD/CORZ cluster and the IREN/CIFR/CLSK/RIOT/HUT cluster would make the thesis easier to read.
The name count is high enough that the remaining issue is not breadth, but independence.

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 creates substantial concentration risk.

Diversification Ratio

	All Time
Diversification Ratio	1.44

The portfolio has a diversification ratio of 1.44, in line with the typical range across portfolios.

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 0.02.

0.02

0.15

0.18

0.25

0.30

0.34

0.38

0.42

0.43

Portfolio Correlations

Correlation vs. Situational Awareness Portfolio. BE has the highest portfolio correlation at 0.80, while INFY has the lowest at -0.07.

-0.07

-0.02

0.06

0.27

0.34

0.42

0.54

0.56

0.56

0.57

Asset Correlations Table

See how each holding historically moved in relation to the other holdings, the portfolio, and the selected benchmark.

	EQT	INFY	KRC	PUMP	LBRT	LITE	BW	INTC	PSIX	SNDK	TSEM	SEI	COHR	CRWV	BTDR	BE	WYFI	IREN	CLSK	KEEL	APLD	CORZ	RIOT	CIFR	HUT
EQT	1.00	0.10	-0.10	0.24	0.16	0.04	0.07	0.06	-0.03	0.04	0.07	0.01	0.04	-0.04	-0.03	0.01	0.09	-0.02	0.08	0.03	-0.08	-0.07	0.05	0.00	0.06
INFY	0.10	1.00	0.17	-0.04	-0.04	-0.09	-0.04	-0.00	-0.08	-0.08	-0.03	-0.16	-0.06	0.01	0.06	-0.15	0.08	-0.08	0.05	-0.03	-0.05	-0.04	0.09	-0.05	0.03
KRC	-0.10	0.17	1.00	0.00	0.04	-0.03	0.06	0.07	0.03	-0.00	0.05	0.14	0.05	-0.02	0.17	0.08	0.03	0.09	0.13	0.10	0.05	0.11	0.08	0.04	0.10
PUMP	0.24	-0.04	0.00	1.00	0.76	0.26	0.24	0.27	0.17	0.21	0.16	0.35	0.23	0.18	0.07	0.22	0.18	0.14	0.15	0.15	0.12	0.19	0.16	0.14	0.14
LBRT	0.16	-0.04	0.04	0.76	1.00	0.36	0.26	0.32	0.20	0.28	0.21	0.44	0.35	0.19	0.09	0.28	0.16	0.16	0.15	0.15	0.20	0.20	0.18	0.15	0.18
LITE	0.04	-0.09	-0.03	0.26	0.36	1.00	0.22	0.42	0.28	0.52	0.57	0.34	0.76	0.31	0.15	0.43	0.25	0.15	0.19	0.22	0.26	0.30	0.24	0.21	0.27
BW	0.07	-0.04	0.06	0.24	0.26	0.22	1.00	0.24	0.24	0.30	0.34	0.40	0.29	0.29	0.36	0.39	0.34	0.37	0.37	0.42	0.41	0.35	0.40	0.46	0.39
INTC	0.06	-0.00	0.07	0.27	0.32	0.42	0.24	1.00	0.29	0.49	0.48	0.40	0.49	0.27	0.26	0.40	0.30	0.22	0.35	0.27	0.30	0.34	0.37	0.24	0.30
PSIX	-0.03	-0.08	0.03	0.17	0.20	0.28	0.24	0.29	1.00	0.42	0.34	0.37	0.43	0.42	0.33	0.38	0.30	0.41	0.39	0.36	0.39	0.42	0.37	0.42	0.39
SNDK	0.04	-0.08	-0.00	0.21	0.28	0.52	0.30	0.49	0.42	1.00	0.41	0.42	0.51	0.38	0.27	0.46	0.34	0.28	0.32	0.35	0.35	0.35	0.35	0.34	0.38
TSEM	0.07	-0.03	0.05	0.16	0.21	0.57	0.34	0.48	0.34	0.41	1.00	0.35	0.63	0.33	0.30	0.47	0.34	0.31	0.34	0.32	0.42	0.38	0.39	0.41	0.37
SEI	0.01	-0.16	0.14	0.35	0.44	0.34	0.40	0.40	0.37	0.42	0.35	1.00	0.46	0.39	0.37	0.45	0.36	0.37	0.37	0.42	0.46	0.44	0.36	0.41	0.39
COHR	0.04	-0.06	0.05	0.23	0.35	0.76	0.29	0.49	0.43	0.51	0.63	0.46	1.00	0.46	0.33	0.49	0.37	0.32	0.35	0.35	0.42	0.46	0.39	0.35	0.40
CRWV	-0.04	0.01	-0.02	0.18	0.19	0.31	0.29	0.27	0.42	0.38	0.33	0.39	0.46	1.00	0.45	0.47	0.53	0.55	0.46	0.49	0.60	0.67	0.49	0.50	0.55
BTDR	-0.03	0.06	0.17	0.07	0.09	0.15	0.36	0.26	0.33	0.27	0.30	0.37	0.33	0.45	1.00	0.38	0.53	0.63	0.68	0.71	0.60	0.59	0.64	0.68	0.66
BE	0.01	-0.15	0.08	0.22	0.28	0.43	0.39	0.40	0.38	0.46	0.47	0.45	0.49	0.47	0.38	1.00	0.45	0.44	0.39	0.48	0.55	0.44	0.43	0.49	0.46
WYFI	0.09	0.08	0.03	0.18	0.16	0.25	0.34	0.30	0.30	0.34	0.34	0.36	0.37	0.53	0.53	0.45	1.00	0.56	0.64	0.63	0.61	0.60	0.64	0.64	0.61
IREN	-0.02	-0.08	0.09	0.14	0.16	0.15	0.37	0.22	0.41	0.28	0.31	0.37	0.32	0.55	0.63	0.44	0.56	1.00	0.69	0.69	0.65	0.66	0.66	0.81	0.70
CLSK	0.08	0.05	0.13	0.15	0.15	0.19	0.37	0.35	0.39	0.32	0.34	0.37	0.35	0.46	0.68	0.39	0.64	0.69	1.00	0.80	0.62	0.61	0.77	0.75	0.71
KEEL	0.03	-0.03	0.10	0.15	0.15	0.22	0.42	0.27	0.36	0.35	0.32	0.42	0.35	0.49	0.71	0.48	0.63	0.69	0.80	1.00	0.66	0.67	0.73	0.74	0.73
APLD	-0.08	-0.05	0.05	0.12	0.20	0.26	0.41	0.30	0.39	0.35	0.42	0.46	0.42	0.60	0.60	0.55	0.61	0.65	0.62	0.66	1.00	0.68	0.62	0.69	0.66
CORZ	-0.07	-0.04	0.11	0.19	0.20	0.30	0.35	0.34	0.42	0.35	0.38	0.44	0.46	0.67	0.59	0.44	0.60	0.66	0.61	0.67	0.68	1.00	0.63	0.67	0.67
RIOT	0.05	0.09	0.08	0.16	0.18	0.24	0.40	0.37	0.37	0.35	0.39	0.36	0.39	0.49	0.64	0.43	0.64	0.66	0.77	0.73	0.62	0.63	1.00	0.76	0.75
CIFR	0.00	-0.05	0.04	0.14	0.15	0.21	0.46	0.24	0.42	0.34	0.41	0.41	0.35	0.50	0.68	0.49	0.64	0.81	0.75	0.74	0.69	0.67	0.76	1.00	0.77
HUT	0.06	0.03	0.10	0.14	0.18	0.27	0.39	0.30	0.39	0.38	0.37	0.39	0.40	0.55	0.66	0.46	0.61	0.70	0.71	0.73	0.66	0.67	0.75	0.77	1.00

Based on daily historical returns since 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