Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Discreet start , 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 Feb 3, 2012, corresponding to the inception date of INDA
Returns By Period
As of Apr 8, 2026, the Discreet start returned 1.91% Year-To-Date and 13.23% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.08% | -1.83% | -3.34% | -1.46% | 30.71% | 17.25% | 10.06% | 12.45% |
Portfolio Discreet start | -0.19% | -3.12% | 1.91% | 2.60% | 48.65% | 21.88% | 13.32% | 13.23% |
| Portfolio components: | ||||||||
URA Global X Uranium ETF | -1.36% | -1.70% | 12.22% | -1.90% | 144.95% | 42.15% | 23.44% | 16.50% |
ITA iShares U.S. Aerospace & Defense ETF | -0.84% | -7.74% | 4.08% | 4.92% | 65.31% | 25.94% | 17.07% | 15.47% |
SOXX iShares Semiconductor ETF | 1.06% | 7.56% | 15.55% | 23.62% | 117.02% | 36.06% | 19.37% | 28.94% |
VGLT Vanguard Long-Term Treasury ETF | 0.00% | -1.64% | 0.22% | -0.34% | 1.33% | -2.21% | -4.89% | -0.93% |
SPG Simon Property Group, Inc. | 0.18% | -1.06% | 4.14% | 9.07% | 39.57% | 26.71% | 16.81% | 4.39% |
VGIT Vanguard Intermediate-Term Treasury ETF | 0.19% | -0.69% | 0.03% | 0.90% | 3.73% | 2.92% | 0.27% | 1.28% |
INDA iShares MSCI India ETF | 0.23% | -5.26% | -12.38% | -10.44% | -3.60% | 6.16% | 3.94% | 7.35% |
VWO Vanguard FTSE Emerging Markets ETF | 0.15% | -0.70% | 0.61% | 0.86% | 37.52% | 13.67% | 3.81% | 7.89% |
Monthly Returns
Based on dividend-adjusted daily data since Feb 6, 2012, Discreet start 's average daily return is +0.05%, while the average monthly return is +0.93%. At this rate, your investment would double in approximately 6.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +15.1%, while the worst month was Mar 2020 at -22.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Discreet start closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +7.7%, while the worst single day was Mar 16, 2020 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.79% | 2.78% | -8.58% | 1.57% | 1.91% | ||||||||
| 2025 | 2.62% | -2.18% | -1.51% | 1.83% | 8.90% | 7.35% | 0.60% | 2.16% | 5.86% | 4.07% | -3.00% | 1.35% | 30.98% |
| 2024 | 0.03% | 2.70% | 3.03% | -1.86% | 4.89% | 0.13% | 2.91% | 1.25% | 2.66% | -2.61% | 3.50% | -4.97% | 11.78% |
| 2023 | 5.49% | -3.24% | 0.84% | 0.07% | -0.84% | 6.30% | 3.14% | -2.18% | -2.34% | -0.32% | 8.79% | 6.72% | 23.82% |
| 2022 | -3.48% | 2.73% | 0.03% | -7.08% | -1.38% | -7.00% | 7.86% | -1.50% | -9.37% | 8.18% | 7.32% | -2.96% | -8.30% |
| 2021 | -1.35% | 8.12% | 4.11% | 1.54% | 4.85% | 0.33% | -1.40% | 2.72% | -0.17% | 3.41% | -1.65% | 2.55% | 25.08% |
Benchmark Metrics
Discreet start has an annualized alpha of 0.45%, beta of 0.88, and R² of 0.76 versus S&P 500 Index. Calculated based on daily prices since February 06, 2012.
- This portfolio participated in 88.77% of S&P 500 Index downside but only 85.99% of its upside — more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R² of 0.76, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.45%
- Beta
- 0.88
- R²
- 0.76
- Upside Capture
- 85.99%
- Downside Capture
- 88.77%
Expense Ratio
Discreet start has an expense ratio of 0.38%, 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.
Return for Risk
Risk / Return Rank
Discreet start ranks 80 for risk / return — better than 80% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.01 | 1.87 | +1.14 |
Sortino ratioReturn per unit of downside risk | 4.46 | 3.01 | +1.45 |
Omega ratioGain probability vs. loss probability | 1.58 | 1.41 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.49 | +0.70 |
Martin ratioReturn relative to average drawdown | 13.63 | 11.08 | +2.55 |
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 | |
|---|---|---|---|---|---|---|
URA Global X Uranium ETF | 84 | 3.02 | 3.41 | 1.42 | 4.35 | 10.27 |
ITA iShares U.S. Aerospace & Defense ETF | 89 | 3.10 | 4.28 | 1.53 | 3.28 | 12.90 |
SOXX iShares Semiconductor ETF | 94 | 3.12 | 3.80 | 1.52 | 6.69 | 24.19 |
VGLT Vanguard Long-Term Treasury ETF | 10 | 0.14 | 0.26 | 1.03 | -0.08 | -0.16 |
SPG Simon Property Group, Inc. | 82 | 1.81 | 2.65 | 1.34 | 2.65 | 7.90 |
VGIT Vanguard Intermediate-Term Treasury ETF | 36 | 1.03 | 1.54 | 1.18 | 1.30 | 3.89 |
INDA iShares MSCI India ETF | 5 | -0.24 | -0.25 | 0.97 | -0.40 | -1.26 |
VWO Vanguard FTSE Emerging Markets ETF | 73 | 2.32 | 3.34 | 1.45 | 2.20 | 8.15 |
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Dividends
Dividend yield
Discreet start provided a 1.73% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.73% | 1.83% | 1.92% | 2.14% | 1.66% | 2.98% | 1.74% | 2.05% | 1.67% | 1.60% | 2.13% | 1.68% |
| Portfolio components: | ||||||||||||
URA Global X Uranium ETF | 4.35% | 4.88% | 2.86% | 6.07% | 0.76% | 5.84% | 1.69% | 1.66% | 0.44% | 2.03% | 7.28% | 1.96% |
ITA iShares U.S. Aerospace & Defense ETF | 0.48% | 0.55% | 0.85% | 0.93% | 0.95% | 0.82% | 1.07% | 1.54% | 1.13% | 0.91% | 1.07% | 1.04% |
SOXX iShares Semiconductor ETF | 0.48% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
VGLT Vanguard Long-Term Treasury ETF | 4.52% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
SPG Simon Property Group, Inc. | 4.54% | 4.62% | 4.70% | 5.22% | 5.87% | 3.66% | 7.04% | 5.57% | 4.70% | 4.16% | 3.66% | 3.11% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.82% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
VWO Vanguard FTSE Emerging Markets ETF | 2.68% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
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 Discreet start . 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 Discreet start was 39.36%, occurring on Mar 23, 2020. Recovery took 178 trading sessions.
The current Discreet start drawdown is 7.74%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.36% | Feb 13, 2020 | 27 | Mar 23, 2020 | 178 | Dec 3, 2020 | 205 |
| -23.05% | Nov 9, 2021 | 235 | Oct 14, 2022 | 283 | Nov 30, 2023 | 518 |
| -20.43% | Apr 16, 2015 | 209 | Feb 11, 2016 | 143 | Sep 6, 2016 | 352 |
| -16.37% | Oct 21, 2024 | 116 | Apr 8, 2025 | 26 | May 15, 2025 | 142 |
| -14.57% | Jan 29, 2018 | 229 | Dec 24, 2018 | 66 | Apr 1, 2019 | 295 |
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 8 assets, with an effective number of assets of 5.56, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.
Asset Correlations Table
| Benchmark | VGIT | VGLT | SPG | URA | INDA | SOXX | ITA | VWO | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.17 | -0.20 | 0.49 | 0.52 | 0.54 | 0.77 | 0.70 | 0.69 | 0.82 |
| VGIT | -0.17 | 1.00 | 0.86 | 0.01 | -0.11 | -0.08 | -0.16 | -0.17 | -0.11 | -0.12 |
| VGLT | -0.20 | 0.86 | 1.00 | -0.01 | -0.15 | -0.11 | -0.17 | -0.20 | -0.15 | -0.16 |
| SPG | 0.49 | 0.01 | -0.01 | 1.00 | 0.29 | 0.33 | 0.31 | 0.43 | 0.37 | 0.57 |
| URA | 0.52 | -0.11 | -0.15 | 0.29 | 1.00 | 0.39 | 0.45 | 0.45 | 0.53 | 0.70 |
| INDA | 0.54 | -0.08 | -0.11 | 0.33 | 0.39 | 1.00 | 0.43 | 0.40 | 0.69 | 0.71 |
| SOXX | 0.77 | -0.16 | -0.17 | 0.31 | 0.45 | 0.43 | 1.00 | 0.52 | 0.61 | 0.71 |
| ITA | 0.70 | -0.17 | -0.20 | 0.43 | 0.45 | 0.40 | 0.52 | 1.00 | 0.50 | 0.80 |
| VWO | 0.69 | -0.11 | -0.15 | 0.37 | 0.53 | 0.69 | 0.61 | 0.50 | 1.00 | 0.78 |
| Portfolio | 0.82 | -0.12 | -0.16 | 0.57 | 0.70 | 0.71 | 0.71 | 0.80 | 0.78 | 1.00 |