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Path Forward 2023
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


VBTLX 5%VUSB 5%USD=X 5%SWVXX 25%SWPPX 10%VTSAX 10%VXF 10%VXUS 5%VTRIX 3%VWINX 10%VASGX 8%VGSLX 4%BondBondCurrencyCurrencyEquityEquityMulti-AssetMulti-AssetReal EstateReal Estate
PositionCategory/SectorWeight
SWPPX
Schwab S&P 500 Index Fund
Large Cap Blend Equities
10%
SWVXX
Schwab Value Advantage Money Fund
25%
USD=X
USD Cash
5%
VASGX
Vanguard LifeStrategy Growth Fund
Diversified Portfolio
8%
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
Total Bond Market
5%
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
REIT
4%
VTRIX
Vanguard International Value Fund
Foreign Large Cap Equities
3%
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares
Large Cap Blend Equities
10%
VUSB
Vanguard Ultra-Short Bond ETF
Government Bonds
5%
VWINX
Vanguard Wellesley Income Fund Investor Shares
Diversified Portfolio
10%
VXF
Vanguard Extended Market ETF
Small Cap Blend Equities
10%
VXUS
Vanguard Total International Stock ETF
Foreign Large Cap Equities
5%

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Path Forward 2023, 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 Quarterly


-5.00%0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.15%
7.29%
Path Forward 2023
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Apr 7, 2021, corresponding to the inception date of VUSB

Returns By Period


YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500
23.00%-0.84%7.20%24.88%12.77%10.96%
Path Forward 20239.14%-1.61%4.14%10.55%N/AN/A
USD=X
USD Cash
0.00%0.00%0.00%0.00%0.00%0.00%
SWVXX
Schwab Value Advantage Money Fund
4.30%0.38%2.28%5.01%2.30%1.55%
SWPPX
Schwab S&P 500 Index Fund
23.26%-1.81%6.70%25.17%14.30%12.86%
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
0.95%-0.52%1.23%1.45%-0.41%1.25%
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares
23.58%-0.88%8.77%25.59%13.88%12.46%
VWINX
Vanguard Wellesley Income Fund Investor Shares
1.62%-5.22%-0.91%2.48%1.36%2.84%
VXF
Vanguard Extended Market ETF
17.18%-2.46%14.78%19.87%10.01%9.56%
VXUS
Vanguard Total International Stock ETF
4.85%-1.66%-0.58%8.04%4.39%5.02%
VUSB
Vanguard Ultra-Short Bond ETF
5.41%0.38%3.09%5.72%N/AN/A
VTRIX
Vanguard International Value Fund
-7.11%-9.68%-10.50%-4.65%2.41%3.61%
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
4.07%-6.02%8.75%6.18%3.07%4.96%
VASGX
Vanguard LifeStrategy Growth Fund
13.14%-0.88%4.54%14.38%7.15%6.96%
*Annualized

Monthly Returns

The table below presents the monthly returns of Path Forward 2023, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.30%2.17%1.98%-2.51%2.46%1.01%2.19%1.46%1.48%-0.97%3.24%9.14%
20234.61%-1.84%1.07%0.55%-0.60%3.47%2.20%-1.55%-2.63%-1.89%5.59%4.19%13.50%
2022-3.21%-1.34%0.74%-4.66%0.02%-4.47%4.50%-2.27%-5.63%3.55%4.20%-3.06%-11.65%
20211.35%0.61%1.04%0.63%1.21%-2.35%2.92%-1.46%1.57%5.56%

Expense Ratio

Path Forward 2023 has an expense ratio of 0.07%, which is considered low compared to other funds. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.


Expense ratio chart for VTRIX: current value at 0.36% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.36%
Expense ratio chart for VWINX: current value at 0.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.23%
Expense ratio chart for VASGX: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%
Expense ratio chart for VGSLX: current value at 0.12% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.12%
Expense ratio chart for VUSB: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
Expense ratio chart for VXUS: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%
Expense ratio chart for VXF: current value at 0.06% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.06%
Expense ratio chart for VBTLX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%
Expense ratio chart for VTSAX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%
Expense ratio chart for SWPPX: current value at 0.02% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.02%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of Path Forward 2023 is 37, indicating average performance compared to other portfolios on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of Path Forward 2023 is 3737
Overall Rank
The Sharpe Ratio Rank of Path Forward 2023 is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of Path Forward 2023 is 3030
Sortino Ratio Rank
The Omega Ratio Rank of Path Forward 2023 is 3636
Omega Ratio Rank
The Calmar Ratio Rank of Path Forward 2023 is 4747
Calmar Ratio Rank
The Martin Ratio Rank of Path Forward 2023 is 4242
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratio
The chart of Sharpe ratio for Path Forward 2023, currently valued at 1.36, compared to the broader market-6.00-4.00-2.000.002.004.001.361.83
The chart of Sortino ratio for Path Forward 2023, currently valued at 1.85, compared to the broader market-6.00-4.00-2.000.002.004.006.001.852.46
The chart of Omega ratio for Path Forward 2023, currently valued at 1.26, compared to the broader market0.400.600.801.001.201.401.601.801.261.34
The chart of Calmar ratio for Path Forward 2023, currently valued at 2.42, compared to the broader market0.002.004.006.008.0010.0012.002.422.72
The chart of Martin ratio for Path Forward 2023, currently valued at 9.00, compared to the broader market0.0010.0020.0030.0040.0050.009.0011.89
Path Forward 2023
^GSPC

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
USD=X
USD Cash
SWVXX
Schwab Value Advantage Money Fund
3.36
SWPPX
Schwab S&P 500 Index Fund
1.862.511.352.7512.18
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
0.180.281.030.070.49
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares
1.852.491.352.7511.97
VWINX
Vanguard Wellesley Income Fund Investor Shares
0.220.291.050.151.45
VXF
Vanguard Extended Market ETF
0.961.401.180.915.51
VXUS
Vanguard Total International Stock ETF
0.380.611.080.521.64
VUSB
Vanguard Ultra-Short Bond ETF
6.7012.402.9926.75130.77
VTRIX
Vanguard International Value Fund
-0.45-0.470.93-0.42-1.93
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
0.260.451.060.160.91
VASGX
Vanguard LifeStrategy Growth Fund
1.371.911.251.948.91

The current Path Forward 2023 Sharpe ratio is 1.36. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.26 to 2.05, this portfolio's current Sharpe ratio lies between the 25th and 75th percentiles. This indicates that the its risk-adjusted performance is in line with the majority of portfolios. This suggests a balanced approach to risk and return, which might be suitable for a broad range of investors.

Use the chart below to compare the Sharpe ratio of Path Forward 2023 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
1.36
1.90
Path Forward 2023
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

Path Forward 2023 provided a 1.25% dividend yield over the last twelve months.


TTM20232022202120202019201820172016201520142013
Portfolio1.25%1.95%1.53%1.19%1.25%1.47%1.70%1.41%1.54%1.52%1.50%1.41%
USD=X
USD Cash
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SWVXX
Schwab Value Advantage Money Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SWPPX
Schwab S&P 500 Index Fund
0.00%1.43%1.67%1.17%1.81%1.77%2.20%1.75%1.99%2.15%1.80%1.67%
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
3.33%3.11%2.51%1.90%2.23%2.74%2.78%2.51%2.49%2.48%2.55%2.56%
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares
0.93%1.43%1.65%1.20%1.41%1.77%2.04%1.71%1.92%1.98%1.76%1.74%
VWINX
Vanguard Wellesley Income Fund Investor Shares
2.78%5.71%3.17%2.48%2.65%2.90%3.30%2.85%2.94%3.11%3.16%3.05%
VXF
Vanguard Extended Market ETF
0.79%1.27%1.15%1.13%1.07%1.30%1.66%1.25%1.43%1.35%1.32%1.14%
VXUS
Vanguard Total International Stock ETF
1.64%3.25%3.09%3.10%2.14%3.06%3.17%2.73%2.93%2.83%3.40%2.70%
VUSB
Vanguard Ultra-Short Bond ETF
5.16%4.45%1.53%0.26%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VTRIX
Vanguard International Value Fund
0.00%2.78%2.75%2.61%1.58%2.96%2.94%1.86%2.29%2.13%2.79%1.86%
VGSLX
Vanguard Real Estate Index Fund Admiral Shares
2.89%3.96%3.91%2.56%3.92%3.39%4.73%4.23%4.82%3.92%3.60%4.32%
VASGX
Vanguard LifeStrategy Growth Fund
2.20%2.34%2.10%1.87%1.68%2.32%2.56%2.09%2.22%2.20%2.10%1.92%

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.


-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-3.49%
-3.58%
Path Forward 2023
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the Path Forward 2023. 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 Path Forward 2023 was 16.88%, occurring on Oct 14, 2022. Recovery took 345 trading sessions.

The current Path Forward 2023 drawdown is 3.49%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.88%Nov 9, 2021244Oct 14, 2022345Feb 9, 2024589
-3.77%Jul 17, 202414Aug 5, 202412Aug 21, 202426
-3.49%Dec 5, 202410Dec 18, 2024
-3.21%Apr 1, 202415Apr 19, 202418May 15, 202433
-2.8%Sep 3, 202122Oct 4, 202115Oct 25, 202137

Volatility

Volatility Chart

The current Path Forward 2023 volatility is 2.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
2.71%
3.64%
Path Forward 2023
Benchmark (^GSPC)
Portfolio components

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.

USD=XSWVXXVUSBVBTLXVGSLXVWINXVTRIXVXFVXUSSWPPXVTSAXVASGX
USD=X0.000.000.000.000.000.000.000.000.000.000.000.00
SWVXX0.001.000.02-0.000.020.010.030.060.020.040.040.03
VUSB0.000.021.000.580.210.370.180.140.200.120.130.20
VBTLX0.00-0.000.581.000.300.600.140.150.180.130.140.23
VGSLX0.000.020.210.301.000.690.560.670.580.650.670.68
VWINX0.000.010.370.600.691.000.630.630.650.660.670.74
VTRIX0.000.030.180.140.560.631.000.750.970.740.770.88
VXF0.000.060.140.150.670.630.751.000.760.850.910.89
VXUS0.000.020.200.180.580.650.970.761.000.760.780.90
SWPPX0.000.040.120.130.650.660.740.850.761.000.980.94
VTSAX0.000.040.130.140.670.670.770.910.780.981.000.96
VASGX0.000.030.200.230.680.740.880.890.900.940.961.00
The correlation results are calculated based on daily price changes starting from Apr 8, 2021
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The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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