Alternate retirement portfolio

Asset Allocation

Position	Category/Sector	Target Weight
SPAXX Fidelity Government Money Market Fund	Money Market	20%
SCHG Schwab U.S. Large-Cap Growth ETF	Large Cap Growth Equities	20%
FTEC Fidelity MSCI Information Technology Index ETF	Technology Equities	20%
FSELX Fidelity Select Semiconductors Portfolio	Semiconductors, Technology Equities	20%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	10%
VYM Vanguard High Dividend Yield ETF	Dividend	10%

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 Alternate retirement 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	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	-0.93%	8.56%	8.85%	24.33%	19.37%	11.84%	13.61%
Portfolio Alternate retirement portfolio	0.30%	1.47%	24.19%	24.70%	46.56%	27.33%	19.05%	—
Portfolio components:
FSELX Fidelity Select Semiconductors Portfolio	6.51%	7.60%	74.64%	78.43%	138.82%	63.72%	44.40%	38.57%
FTEC Fidelity MSCI Information Technology Index ETF	0.61%	3.02%	24.27%	24.36%	48.62%	30.29%	20.63%	24.98%
SCHD Schwab U.S. Dividend Equity ETF	0.89%	3.37%	20.66%	19.57%	26.16%	14.90%	8.75%	12.91%
SCHG Schwab U.S. Large-Cap Growth ETF	0.12%	-2.62%	2.58%	2.96%	18.71%	22.68%	14.33%	18.50%
SPAXX Fidelity Government Money Market Fund	0.00%	0.28%	1.37%	1.67%	3.66%	2.42%	1.45%	—
VYM Vanguard High Dividend Yield ETF	0.80%	3.01%	12.37%	11.19%	24.69%	18.06%	11.59%	11.95%

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

Monthly Returns

Based on dividend-adjusted daily data since May 25, 2021, Alternate retirement portfolio 's average daily return is +0.08%, while the average monthly return is +1.57%. At this rate, an investment would double in approximately 3.7 years.

Historically, 66% of months were positive and 34% were negative. The best month was Apr 2026 with a return of +15.0%, while the worst month was Apr 2022 at -9.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Alternate retirement portfolio closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +9.8%, while the worst single day was Apr 3, 2025 at -5.5%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.14%	-0.36%	-2.92%	14.96%	9.38%	-1.00%							24.19%
2025	0.49%	-1.82%	-6.15%	0.71%	7.77%	7.63%	2.77%	1.35%	5.16%	4.07%	-1.58%	0.37%	21.79%
2024	2.08%	5.84%	2.83%	-3.36%	5.60%	4.28%	-0.43%	1.02%	1.39%	-0.31%	4.41%	0.16%	25.71%
2023	8.23%	0.62%	5.58%	-1.44%	5.89%	5.44%	3.21%	-1.75%	-4.52%	-3.35%	9.04%	5.24%	35.88%
2022	-6.49%	-2.22%	2.78%	-9.44%	1.04%	-8.55%	10.23%	-4.65%	-8.70%	5.31%	7.20%	-6.44%	-20.30%
2021					0.53%	4.08%	1.33%	2.96%	-3.84%	6.27%	3.55%	2.48%	18.38%

Benchmark Metrics

Alternate retirement portfolio has an annualized alpha of 6.30%, beta of 1.04, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since May 25, 2021.

This portfolio captured 114.66% of S&P 500 Index gains but only 85.84% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 6.30% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
With beta of 1.04 and R2 of 0.89, 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: 6.30%

Beta: 1.04

R²: 0.89

Upside Capture: 114.66%

Downside Capture: 85.84%

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

Expense Ratio

Alternate retirement portfolio has an expense ratio of 0.25%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

FSELX

Fidelity Select Semiconductors Portfolio

SPAXX

Fidelity Government Money Market Fund

FTEC

Fidelity MSCI Information Technology Index ETF

SCHD

Schwab U.S. Dividend Equity ETF

VYM

Vanguard High Dividend Yield ETF

SCHG

Schwab U.S. Large-Cap Growth ETF

Return for Risk

Risk / Return Rank

Alternate retirement portfolio ranks 90 for risk / return — in the top 90% of Portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

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

The table below presents risk-adjusted performance metrics for Alternate retirement 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	2.86	1.86	+1.00
Sortino ratioReturn per unit of downside risk	3.64	2.53	+1.10
Omega ratioGain probability vs. loss probability	1.50	1.34	+0.16
Calmar ratioReturn relative to maximum drawdown	5.70	2.53	+3.17
Martin ratioReturn relative to average drawdown	22.11	11.37	+10.74

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
FSELX Fidelity Select Semiconductors Portfolio	95	4.03	4.13	1.57	9.83	35.64
FTEC Fidelity MSCI Information Technology Index ETF	71	2.21	2.76	1.37	3.00	9.36
SCHD Schwab U.S. Dividend Equity ETF	87	2.41	3.72	1.43	5.70	13.97
SCHG Schwab U.S. Large-Cap Growth ETF	33	1.18	1.64	1.21	1.14	3.78
SPAXX Fidelity Government Money Market Fund	—	3.65	—	—	—	—
VYM Vanguard High Dividend Yield ETF	83	2.37	3.37	1.42	3.70	13.81

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.

The current Alternate retirement portfolio Sharpe ratio is 2.86 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.54 to 2.41, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Alternate retirement portfolio 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

Alternate retirement portfolio provided a 3.28% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	3.28%	3.78%	2.71%	2.43%	2.27%	2.16%	2.53%	1.64%	6.50%	3.83%	1.80%	4.16%
Portfolio components:
FSELX Fidelity Select Semiconductors Portfolio	9.38%	11.11%	7.97%	7.20%	6.69%	6.99%	8.13%	3.36%	26.80%	14.44%	3.82%	15.22%
FTEC Fidelity MSCI Information Technology Index ETF	0.34%	0.43%	0.49%	0.77%	0.93%	0.63%	0.83%	1.03%	1.20%	0.96%	1.25%	1.27%
SCHD Schwab U.S. Dividend Equity ETF	3.22%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%
SPAXX Fidelity Government Money Market Fund	3.59%	3.88%	1.53%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VYM Vanguard High Dividend Yield ETF	2.19%	2.44%	2.74%	3.12%	3.01%	2.76%	3.18%	3.03%	3.40%	2.80%	2.91%	3.22%

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 Alternate retirement 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 Alternate retirement portfolio was 26.76%, occurring on Oct 14, 2022. Recovery took 184 trading sessions.

The current Alternate retirement portfolio drawdown is 4.07%.

Related event	Drawdown	Fall	Recovery	Underwater
Bear market2022	-26.76%Oct 2022	9mo 20d	9mo 1d	1y 6moDec 2021 - Jul 2023
2025 selloff2025	-20.23%Apr 2025	2mo 14d	2mo 3d	4mo 17dJan 2025 - Jun 2025
2024 correction2024	-10.65%Aug 2024	21d	2mo 5d	2mo 26dJul 2024 - Oct 2024
2023 pullback2023	-9.95%Oct 2023	3mo 10d	1mo 15d	4mo 25dJul 2023 - Dec 2023
2026 pullback2026	-7.85%Mar 2026	1mo 2d	10d	1mo 12dFeb 2026 - Apr 2026

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 6 assets, with an effective number of assets of 5.56, reflecting the diversification based on asset allocation. Your capital is spread almost evenly across your holdings, indicating a well-balanced allocation. Note that true diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	All Time
Diversification Ratio	1.14	1.10	1.09	1.09

The portfolio has a diversification ratio of 1.09, placing it in the bottom quartile across portfolios — positions are highly correlated. Consider adding assets from different classes or sectors to reduce risk.

Alternate retirement portfolio correlation to the S&P 500 Index

Alternate retirement portfolio has a 0.89 correlation to S&P 500 Index over the trailing 12 months. This section compares each holding's correlation to the benchmark and to the portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (All Time) Calculated using the full available price history since May 25, 2021	0.93

Benchmark Correlations

Correlation vs. S&P 500 Index. SCHG has the highest benchmark correlation at 0.94, while SPAXX has the lowest at 0.02.

0.02

0.70

0.79

0.80

0.91

0.94

Portfolio Correlations

Correlation vs. Alternate retirement portfolio . FTEC has the highest portfolio correlation at 0.97, while SPAXX has the lowest at 0.00.

0.00

0.57

0.66

0.93

0.95

0.97

Asset Correlations Table

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

	SPAXX	SCHD	VYM	FSELX	SCHG	FTEC
SPAXX	1.00	0.06	0.05	-0.03	0.01	-0.01
SCHD	0.06	1.00	0.92	0.43	0.49	0.48
VYM	0.05	0.92	1.00	0.53	0.58	0.58
FSELX	-0.03	0.43	0.53	1.00	0.82	0.89
SCHG	0.01	0.49	0.58	0.82	1.00	0.96
FTEC	-0.01	0.48	0.58	0.89	0.96	1.00

The correlation results are calculated based on daily price changes starting from May 25, 2021

Diversification Analysis

Find what Alternate retirement portfolio is missing

See which holdings overlap, where Alternate retirement portfolio is concentrated, and which low-correlation assets could fill the gaps.

Analyze Diversification