AI/Cloud/Cyber Portfolio (Moderate Spread)

Asset Allocation

Position	Category/Sector	Target Weight
AMZN Amazon.com, Inc	Consumer Cyclical	12%
CRWD CrowdStrike Holdings, Inc.	Technology	4%
GDDY GoDaddy Inc.	Technology	5%
MSFT Microsoft Corporation	Technology	12%
NET Cloudflare, Inc.	Technology	10%
NVDA NVIDIA Corporation	Technology	12%
ORCL Oracle Corporation	Technology	4%
PANW Palo Alto Networks, Inc.	Technology	4%
PLTR Palantir Technologies Inc.	Technology	10%
SNOW Snowflake Inc.	Technology	4%
SNPS Synopsys, Inc.	Technology	4%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	10%
V Visa Inc.	Financial Services	5%
ZS Zscaler, Inc.	Technology	4%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in AI/Cloud/Cyber Portfolio (Moderate Spread), 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 30, 2020, corresponding to the inception date of PLTR

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-0.11%	0.61%	-0.42%	4.03%	29.40%	18.38%	10.55%	12.70%
Portfolio AI/Cloud/Cyber Portfolio (Moderate Spread)	-1.88%	-7.21%	-14.20%	-16.69%	27.52%	45.46%	24.57%	—
Portfolio components:
NVDA NVIDIA Corporation	2.57%	1.40%	1.15%	3.00%	75.40%	90.83%	67.37%	71.10%
MSFT Microsoft Corporation	-0.59%	-8.40%	-23.14%	-27.12%	-2.00%	10.31%	8.60%	22.66%
AMZN Amazon.com, Inc	2.02%	12.10%	3.28%	10.17%	31.54%	33.62%	7.17%	22.97%
TSM Taiwan Semiconductor Manufacturing Company Limited	1.40%	4.82%	22.30%	32.76%	148.19%	63.11%	26.80%	33.96%
PLTR Palantir Technologies Inc.	-1.86%	-15.53%	-27.95%	-27.01%	44.55%	145.93%	39.73%	—
NET Cloudflare, Inc.	-13.50%	-21.60%	-15.30%	-21.90%	58.28%	40.12%	18.70%	—
GDDY GoDaddy Inc.	-2.04%	-8.38%	-36.10%	-39.33%	-53.08%	1.10%	-1.49%	10.15%
V Visa Inc.	-1.27%	-1.49%	-13.04%	-11.07%	-5.54%	10.87%	7.25%	15.32%
SNOW Snowflake Inc.	-8.42%	-32.50%	-44.79%	-49.99%	-16.16%	-4.53%	-11.80%	—
ORCL Oracle Corporation	0.17%	-15.05%	-28.72%	-52.57%	4.59%	15.04%	14.35%	14.78%

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

Monthly Returns

Based on dividend-adjusted daily data since Oct 1, 2020, AI/Cloud/Cyber Portfolio (Moderate Spread)'s average daily return is +0.13%, while the average monthly return is +2.58%. At this rate, your investment would double in approximately 2.3 years.

Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +32.6%, while the worst month was Apr 2022 at -18.1%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.

On a daily basis, AI/Cloud/Cyber Portfolio (Moderate Spread) closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +13.6%, while the worst single day was May 9, 2022 at -8.2%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-5.74%	-6.99%	-0.62%	-1.52%									-14.20%
2025	7.04%	-3.12%	-9.38%	7.71%	15.95%	10.80%	5.66%	-2.35%	5.35%	7.23%	-10.39%	0.19%	36.09%
2024	5.66%	15.58%	1.27%	-4.63%	3.88%	11.62%	-4.44%	4.29%	2.76%	4.71%	15.73%	1.46%	72.19%
2023	16.61%	3.26%	8.76%	-5.15%	26.62%	4.89%	5.67%	-3.76%	-4.13%	-0.87%	20.30%	2.00%	95.66%
2022	-12.57%	-0.52%	5.03%	-18.07%	-8.12%	-7.97%	13.35%	-3.79%	-10.57%	2.27%	3.22%	-9.52%	-41.04%
2021	4.95%	-3.30%	-3.36%	8.42%	0.15%	11.77%	0.92%	7.40%	-5.90%	16.52%	1.10%	-5.84%	34.67%

Benchmark Metrics

AI/Cloud/Cyber Portfolio (Moderate Spread) has an annualized alpha of 9.98%, beta of 1.55, and R² of 0.65 versus S&P 500 Index. Calculated based on daily prices since October 01, 2020.

This portfolio captured 159.12% of S&P 500 Index gains but only 95.55% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 9.98% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 1.55 means this portfolio moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.

Alpha: 9.98%

Beta: 1.55

R²: 0.65

Upside Capture: 159.12%

Downside Capture: 95.55%

Expense Ratio

AI/Cloud/Cyber Portfolio (Moderate Spread) 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

Risk / Return Rank

AI/Cloud/Cyber Portfolio (Moderate Spread) ranks 9 for risk / return — in the bottom 9% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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	1.15	2.23	-1.08
Sortino ratio Return per unit of downside risk	1.62	3.12	-1.49
Omega ratio Gain probability vs. loss probability	1.20	1.42	-0.22
Calmar ratio Return relative to maximum drawdown	1.51	4.05	-2.54
Martin ratio Return relative to average drawdown	3.66	17.91	-14.25
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
NVDA NVIDIA Corporation	83	2.19	2.75	1.34	4.75	11.78
MSFT Microsoft Corporation	30	-0.08	0.05	1.01	0.16	0.40
AMZN Amazon.com, Inc	61	1.01	1.59	1.20	1.83	4.36
TSM Taiwan Semiconductor Manufacturing Company Limited	96	4.28	4.65	1.58	9.11	33.37
PLTR Palantir Technologies Inc.	57	0.84	1.36	1.18	1.72	4.03
NET Cloudflare, Inc.	63	1.16	1.69	1.22	1.94	4.62
GDDY GoDaddy Inc.	2	-1.50	-2.33	0.69	-0.87	-1.53
V Visa Inc.	25	-0.27	-0.22	0.97	-0.03	-0.06
SNOW Snowflake Inc.	23	-0.32	-0.14	0.98	-0.17	-0.46
ORCL Oracle Corporation	36	0.08	0.63	1.07	0.21	0.40

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.

AI/Cloud/Cyber Portfolio (Moderate Spread) Sharpe ratios as of Apr 10, 2026 (values are recalculated daily):

1-Year: 1.15
5-Year: 0.77
All Time: 0.93

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 1.93 to 2.94, 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 AI/Cloud/Cyber Portfolio (Moderate Spread) 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

AI/Cloud/Cyber Portfolio (Moderate Spread) provided a 0.30% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.30%	0.26%	0.28%	0.36%	0.49%	0.33%	0.37%	0.62%	0.72%	0.58%	0.70%	0.77%
Portfolio components:
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%
MSFT Microsoft Corporation	0.94%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
AMZN Amazon.com, 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%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.90%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%
PLTR Palantir 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%
NET Cloudflare, 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%
GDDY GoDaddy 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%
V Visa Inc.	0.83%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%
SNOW Snowflake 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%
ORCL Oracle Corporation	1.45%	0.97%	0.96%	1.44%	1.57%	1.38%	1.48%	1.72%	1.68%	1.52%	1.56%	1.56%

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 AI/Cloud/Cyber Portfolio (Moderate Spread). 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 AI/Cloud/Cyber Portfolio (Moderate Spread) was 50.00%, occurring on Nov 9, 2022. Recovery took 264 trading sessions.

The current AI/Cloud/Cyber Portfolio (Moderate Spread) drawdown is 22.31%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-50%	Nov 22, 2021	244	Nov 9, 2022	264	Nov 29, 2023	508
-28.41%	Feb 14, 2025	37	Apr 8, 2025	37	Jun 2, 2025	74
-25.68%	Nov 4, 2025	100	Mar 30, 2026	—	—	—
-19.15%	Feb 10, 2021	18	Mar 8, 2021	71	Jun 17, 2021	89
-16.4%	Jul 11, 2024	18	Aug 5, 2024	45	Oct 8, 2024	63

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 14 assets, with an effective number of assets of 11.39, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

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	V	ORCL	GDDY	TSM	PLTR	PANW	SNOW	AMZN	NVDA	CRWD	ZS	MSFT	NET	SNPS	Portfolio
Benchmark	1.00	0.61	0.57	0.54	0.62	0.53	0.52	0.51	0.68	0.68	0.52	0.53	0.73	0.55	0.70	0.77
V	0.61	1.00	0.34	0.41	0.29	0.27	0.34	0.27	0.38	0.31	0.26	0.27	0.44	0.28	0.40	0.41
ORCL	0.57	0.34	1.00	0.31	0.39	0.36	0.40	0.36	0.40	0.44	0.37	0.36	0.52	0.38	0.50	0.55
GDDY	0.54	0.41	0.31	1.00	0.35	0.37	0.48	0.45	0.46	0.40	0.47	0.49	0.45	0.48	0.50	0.58
TSM	0.62	0.29	0.39	0.35	1.00	0.41	0.34	0.40	0.47	0.66	0.40	0.38	0.49	0.42	0.56	0.66
PLTR	0.53	0.27	0.36	0.37	0.41	1.00	0.46	0.55	0.48	0.49	0.55	0.56	0.43	0.60	0.48	0.76
PANW	0.52	0.34	0.40	0.48	0.34	0.46	1.00	0.53	0.46	0.45	0.66	0.66	0.51	0.56	0.53	0.67
SNOW	0.51	0.27	0.36	0.45	0.40	0.55	0.53	1.00	0.53	0.47	0.61	0.65	0.50	0.67	0.53	0.73
AMZN	0.68	0.38	0.40	0.46	0.47	0.48	0.46	0.53	1.00	0.57	0.51	0.53	0.66	0.55	0.56	0.72
NVDA	0.68	0.31	0.44	0.40	0.66	0.49	0.45	0.47	0.57	1.00	0.52	0.49	0.62	0.52	0.64	0.78
CRWD	0.52	0.26	0.37	0.47	0.40	0.55	0.66	0.61	0.51	0.52	1.00	0.77	0.52	0.68	0.58	0.76
ZS	0.53	0.27	0.36	0.49	0.38	0.56	0.66	0.65	0.53	0.49	0.77	1.00	0.53	0.71	0.58	0.75
MSFT	0.73	0.44	0.52	0.45	0.49	0.43	0.51	0.50	0.66	0.62	0.52	0.53	1.00	0.52	0.65	0.73
NET	0.55	0.28	0.38	0.48	0.42	0.60	0.56	0.67	0.55	0.52	0.68	0.71	0.52	1.00	0.57	0.81
SNPS	0.70	0.40	0.50	0.50	0.56	0.48	0.53	0.53	0.56	0.64	0.58	0.58	0.65	0.57	1.00	0.75
Portfolio	0.77	0.41	0.55	0.58	0.66	0.76	0.67	0.73	0.72	0.78	0.76	0.75	0.73	0.81	0.75	1.00

The correlation results are calculated based on daily price changes starting from Oct 1, 2020

AI/Cloud/Cyber Portfolio (Moderate Spread)

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