Semi Equity portfolio

Asset Allocation

Position	Category/Sector	Target Weight
^CASHX US Money Market Index		2%
EWY iShares MSCI South Korea ETF	Asia Pacific Equities	12%
FSSNX Fidelity Small Cap Index Fund	Small Cap Blend Equities	7.50%
FXAIX Fidelity 500 Index Fund	S&P 500	25%
IMCB iShares Morningstar Mid-Cap ETF	Mid Cap Blend Equities	7.50%
INTC Intel Corporation	Technology	8%
NVDA NVIDIA Corporation	Technology	8%
QCOM QUALCOMM Incorporated	Technology	8%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	12%
VT Vanguard Total World Stock ETF	Global Equities	10%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Semi Equity 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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The earliest data available for this chart is Sep 9, 2011, corresponding to the inception date of FSSNX

Returns By Period

As of Apr 4, 2026, the Semi Equity portfolio returned 3.80% Year-To-Date and 20.00% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-2.33%	-3.84%	-1.98%	29.73%	16.86%	10.37%	12.29%
Portfolio Semi Equity portfolio	0.26%	-0.06%	3.80%	8.02%	63.17%	27.17%	15.67%	20.00%
Portfolio components:
VT Vanguard Total World Stock ETF	-0.23%	-1.57%	-0.97%	1.25%	34.33%	16.97%	9.38%	11.66%
IMCB iShares Morningstar Mid-Cap ETF	0.43%	-0.83%	2.26%	1.72%	27.52%	13.38%	7.40%	10.47%
FSSNX Fidelity Small Cap Index Fund	0.73%	0.35%	2.30%	2.89%	40.51%	13.71%	3.85%	10.14%
FXAIX Fidelity 500 Index Fund	0.12%	-2.24%	-3.53%	-1.39%	31.33%	18.49%	11.97%	14.21%
NVDA NVIDIA Corporation	0.93%	-0.24%	-4.88%	-5.44%	88.14%	85.17%	66.71%	70.07%
INTC Intel Corporation	4.89%	16.03%	36.53%	36.79%	153.80%	16.21%	-3.01%	7.04%
QCOM QUALCOMM Incorporated	-0.38%	-6.55%	-25.39%	-24.18%	1.81%	2.87%	0.53%	12.71%
EWY iShares MSCI South Korea ETF	-2.65%	-3.05%	26.38%	49.83%	145.13%	29.44%	8.51%	11.12%
SMH VanEck Semiconductor ETF	0.09%	3.09%	8.94%	16.89%	117.67%	44.85%	26.17%	31.69%
^CASHX US Money Market Index	0.01%	0.26%	0.91%	1.83%	4.00%	4.72%	3.39%	2.26%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 10, 2011, Semi Equity portfolio's average daily return is +0.05%, while the average monthly return is +1.49%. At this rate, your investment would double in approximately 3.9 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +13.8%, while the worst month was Sep 2022 at -12.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Semi Equity portfolio closed higher 69% of trading days. The best single day was Apr 9, 2025 with a return of +11.7%, while the worst single day was Mar 16, 2020 at -14.4%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	7.21%	2.60%	-7.41%	1.93%									3.80%
2025	2.23%	-0.10%	-5.23%	-1.08%	7.18%	10.05%	0.99%	3.57%	8.41%	7.66%	-2.51%	1.38%	36.26%
2024	0.71%	8.62%	5.39%	-6.58%	7.93%	3.72%	-0.18%	-1.73%	1.15%	-1.76%	4.00%	-4.73%	16.45%
2023	12.16%	-1.66%	7.21%	-1.56%	4.99%	6.16%	5.65%	-3.24%	-5.15%	-3.42%	12.84%	7.63%	47.54%
2022	-7.17%	-1.65%	1.58%	-11.03%	1.62%	-11.41%	9.36%	-6.45%	-12.66%	7.57%	10.63%	-7.85%	-27.22%
2021	1.85%	2.80%	2.26%	2.92%	1.40%	4.32%	-0.25%	2.54%	-5.20%	5.17%	5.42%	1.93%	27.73%

Benchmark Metrics

Semi Equity portfolio has an annualized alpha of 3.48%, beta of 1.13, and R² of 0.87 versus S&P 500 Index. Calculated based on daily prices since September 10, 2011.

This portfolio captured 124.11% of S&P 500 Index gains and 102.82% of its losses — amplifying both gains and losses, but participating more in upside than downside.
This portfolio generated an annualized alpha of 3.48% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 1.13 and R² of 0.87, 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: 3.48%

Beta: 1.13

R²: 0.87

Upside Capture: 124.11%

Downside Capture: 102.82%

Expense Ratio

Semi Equity portfolio has an expense ratio of 0.13%, 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.

EWY

iShares MSCI South Korea ETF

SMH

VanEck Semiconductor ETF

Vanguard Total World Stock ETF

IMCB

iShares Morningstar Mid-Cap ETF

FSSNX

Fidelity Small Cap Index Fund

FXAIX

Fidelity 500 Index Fund

Return for Risk

Risk / Return Rank

Semi Equity portfolio ranks 77 for risk / return — better than 77% 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.

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	1.81	0.88	+0.93
Sortino ratio Return per unit of downside risk	2.53	1.37	+1.16
Omega ratio Gain probability vs. loss probability	1.36	1.21	+0.15
Calmar ratio Return relative to maximum drawdown	2.63	1.39	+1.24
Martin ratio Return relative to average drawdown	9.56	6.43	+3.12
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
VT Vanguard Total World Stock ETF	66	1.24	1.83	1.27	1.86	8.47
IMCB iShares Morningstar Mid-Cap ETF	39	0.78	1.20	1.17	1.18	5.39
FSSNX Fidelity Small Cap Index Fund	55	1.10	1.65	1.21	1.98	7.32
FXAIX Fidelity 500 Index Fund	47	0.96	1.47	1.22	1.51	7.11
NVDA NVIDIA Corporation	81	1.47	2.17	1.27	3.02	7.54
INTC Intel Corporation	89	1.94	2.64	1.33	5.32	12.19
QCOM QUALCOMM Incorporated	21	-0.41	-0.35	0.95	-0.48	-1.18
EWY iShares MSCI South Korea ETF	97	3.59	3.80	1.54	5.59	21.99
SMH VanEck Semiconductor ETF	94	2.28	2.89	1.41	5.34	18.94
^CASHX US Money Market Index	—	264.95	—	—	—	—

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.

Semi Equity portfolio Sharpe ratios as of Apr 4, 2026 (values are recalculated daily):

1-Year: 1.81
5-Year: 0.70
10-Year: 0.89
All Time: 0.87

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 0.99 to 1.69, 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 Semi Equity 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

Semi Equity portfolio provided a 1.04% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.04%	1.10%	1.38%	1.46%	1.82%	1.52%	1.25%	1.92%	2.41%	2.07%	1.93%	2.43%
Portfolio components:
VT Vanguard Total World Stock ETF	1.80%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%
IMCB iShares Morningstar Mid-Cap ETF	1.36%	1.42%	1.43%	1.55%	1.70%	1.08%	1.12%	1.32%	1.80%	1.31%	1.79%	1.47%
FSSNX Fidelity Small Cap Index Fund	1.06%	1.08%	1.04%	1.43%	1.26%	3.92%	0.94%	2.96%	4.94%	3.37%	2.27%	2.66%
FXAIX Fidelity 500 Index Fund	0.89%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%
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%
INTC Intel Corporation	0.00%	0.00%	1.87%	1.47%	5.52%	2.70%	2.65%	2.11%	2.56%	2.33%	2.87%	2.79%
QCOM QUALCOMM Incorporated	2.81%	2.06%	2.18%	2.18%	2.67%	1.47%	1.69%	2.81%	4.27%	3.50%	3.17%	3.72%
EWY iShares MSCI South Korea ETF	1.66%	2.10%	2.55%	2.52%	1.23%	2.16%	0.73%	2.10%	1.34%	2.90%	1.21%	2.42%
SMH VanEck Semiconductor ETF	0.28%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
^CASHX US Money Market Index	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 Semi Equity 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 Semi Equity portfolio was 35.38%, occurring on Oct 14, 2022. Recovery took 424 trading sessions.

The current Semi Equity portfolio drawdown is 7.28%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-35.38%	Dec 28, 2021	291	Oct 14, 2022	424	Dec 12, 2023	715
-33.09%	Feb 20, 2020	33	Mar 23, 2020	119	Jul 20, 2020	152
-22.29%	Feb 19, 2025	49	Apr 8, 2025	77	Jun 24, 2025	126
-21.39%	Sep 21, 2018	95	Dec 24, 2018	113	Apr 16, 2019	208
-15.97%	May 29, 2015	259	Feb 11, 2016	76	Apr 27, 2016	335

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 10 assets, with an effective number of assets of 7.57, 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

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

	Benchmark	^CASHX	EWY	NVDA	INTC	QCOM	FSSNX	SMH	IMCB	VT	FXAIX	Portfolio
Benchmark	1.00	-0.01	0.62	0.61	0.61	0.65	0.83	0.77	0.90	0.95	1.00	0.90
^CASHX	-0.01	1.00	0.00	0.02	-0.01	0.00	-0.01	0.00	-0.02	-0.00	-0.00	0.10
EWY	0.62	0.00	1.00	0.39	0.39	0.44	0.51	0.54	0.54	0.67	0.57	0.65
NVDA	0.61	0.02	0.39	1.00	0.47	0.50	0.45	0.74	0.48	0.53	0.55	0.71
INTC	0.61	-0.01	0.39	0.47	1.00	0.50	0.49	0.66	0.52	0.55	0.57	0.68
QCOM	0.65	0.00	0.44	0.50	0.50	1.00	0.51	0.68	0.55	0.59	0.61	0.70
FSSNX	0.83	-0.01	0.51	0.45	0.49	0.51	1.00	0.61	0.86	0.79	0.78	0.72
SMH	0.77	0.00	0.54	0.74	0.66	0.68	0.61	1.00	0.65	0.70	0.72	0.87
IMCB	0.90	-0.02	0.54	0.48	0.52	0.55	0.86	0.65	1.00	0.85	0.85	0.77
VT	0.95	-0.00	0.67	0.53	0.55	0.59	0.79	0.70	0.85	1.00	0.91	0.83
FXAIX	1.00	-0.00	0.57	0.55	0.57	0.61	0.78	0.72	0.85	0.91	1.00	0.84
Portfolio	0.90	0.10	0.65	0.71	0.68	0.70	0.72	0.87	0.77	0.83	0.84	1.00

The correlation results are calculated based on daily price changes starting from Sep 10, 2011

Semi Equity portfolio

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