Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | Corporate Bonds | 40% |
PULS PGIM Ultra Short Bond ETF | Ultrashort Bond | 10% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | High Yield Bonds | 35% |
SPHY SPDR Portfolio High Yield Bond ETF | High Yield Bonds | 15% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Jan 2026 Strategic, 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 never rebalanced.
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The earliest data available for this chart is Apr 10, 2018, corresponding to the inception date of PULS
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio Jan 2026 Strategic | 0.13% | 0.12% | 0.48% | 1.56% | 5.76% | 7.02% | 4.36% | — |
| Portfolio components: | ||||||||
PULS PGIM Ultra Short Bond ETF | 0.04% | 0.24% | 0.97% | 2.06% | 4.80% | 5.67% | 3.99% | — |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 0.03% | 0.22% | 0.80% | 1.91% | 4.50% | 5.79% | 4.00% | 2.95% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 0.20% | 0.13% | 0.18% | 1.22% | 6.64% | 7.98% | 4.80% | 5.89% |
SPHY SPDR Portfolio High Yield Bond ETF | 0.22% | -0.22% | 0.15% | 1.27% | 7.25% | 8.56% | 4.41% | 5.33% |
Monthly Returns
Based on dividend-adjusted daily data since Apr 11, 2018, Jan 2026 Strategic's average daily return is +0.02%, while the average monthly return is +0.35%. At this rate, your investment would double in approximately 16.5 years.
Historically, 71% of months were positive and 29% were negative. The best month was Apr 2020 with a return of +3.7%, while the worst month was Mar 2020 at -7.6%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Jan 2026 Strategic closed higher 57% of trading days. The best single day was Mar 24, 2020 with a return of +3.0%, while the worst single day was Mar 18, 2020 at -4.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.45% | 0.11% | -0.30% | 0.22% | 0.48% | ||||||||
| 2025 | 0.88% | 0.70% | -0.55% | 0.07% | 1.10% | 1.16% | 0.38% | 0.78% | 0.71% | 0.17% | 0.51% | 0.49% | 6.57% |
| 2024 | 0.43% | 0.49% | 0.74% | -0.18% | 0.92% | 0.47% | 1.29% | 0.99% | 1.15% | -0.11% | 1.01% | -0.06% | 7.36% |
| 2023 | 2.08% | -0.27% | 0.64% | 0.55% | -0.09% | 1.20% | 0.88% | 0.47% | -0.30% | -0.27% | 2.31% | 1.78% | 9.31% |
| 2022 | -0.92% | -0.39% | -0.59% | -1.48% | 0.45% | -3.45% | 3.05% | -1.11% | -1.50% | 1.51% | 1.83% | -0.42% | -3.15% |
| 2021 | 0.16% | 0.34% | 0.59% | 0.43% | 0.16% | 0.60% | 0.01% | 0.24% | 0.05% | -0.01% | -0.63% | 0.96% | 2.93% |
Benchmark Metrics
Jan 2026 Strategic has an annualized alpha of 1.83%, beta of 0.18, and R² of 0.56 versus S&P 500 Index. Calculated based on daily prices since April 11, 2018.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (19.15%) than losses (17.55%) — typical of diversified or defensive assets.
- Beta of 0.18 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.83%
- Beta
- 0.18
- R²
- 0.56
- Upside Capture
- 19.15%
- Downside Capture
- 17.55%
Expense Ratio
Jan 2026 Strategic has an expense ratio of 0.23%, 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.
Return for Risk
Risk / Return Rank
Jan 2026 Strategic ranks 82 for risk / return — in the top 82% 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.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 0.88 | +0.88 |
Sortino ratioReturn per unit of downside risk | 2.54 | 1.37 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.21 | +0.27 |
Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.39 | +0.91 |
Martin ratioReturn relative to average drawdown | 14.09 | 6.43 | +7.65 |
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 | |
|---|---|---|---|---|---|---|
PULS PGIM Ultra Short Bond ETF | 99 | 9.37 | 18.64 | 5.42 | 13.93 | 96.29 |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 95 | 2.49 | 3.11 | 2.05 | 3.17 | 25.95 |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 72 | 1.28 | 1.89 | 1.32 | 1.78 | 10.12 |
SPHY SPDR Portfolio High Yield Bond ETF | 72 | 1.33 | 1.96 | 1.31 | 1.82 | 9.48 |
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Dividends
Dividend yield
Jan 2026 Strategic provided a 5.92% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 5.92% | 6.03% | 6.62% | 6.43% | 4.03% | 2.52% | 3.39% | 4.21% | 3.75% | 3.29% | 3.04% | 2.93% |
| Portfolio components: | ||||||||||||
PULS PGIM Ultra Short Bond ETF | 4.68% | 4.78% | 5.62% | 5.48% | 2.30% | 1.19% | 1.85% | 2.69% | 1.87% | 0.00% | 0.00% | 0.00% |
FLRN SPDR Bloomberg Barclays Investment Grade Floating Rate ETF | 4.65% | 4.89% | 5.67% | 5.68% | 1.95% | 0.39% | 1.22% | 2.76% | 2.39% | 1.64% | 1.06% | 0.63% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.12% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
SPHY SPDR Portfolio High Yield Bond ETF | 7.36% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
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 Jan 2026 Strategic. 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 Jan 2026 Strategic was 14.95%, occurring on Mar 20, 2020. Recovery took 140 trading sessions.
The current Jan 2026 Strategic drawdown is 0.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.95% | Feb 21, 2020 | 21 | Mar 20, 2020 | 140 | Oct 8, 2020 | 161 |
| -6.6% | Dec 28, 2021 | 116 | Jun 13, 2022 | 244 | Jun 2, 2023 | 360 |
| -2.88% | Mar 3, 2025 | 27 | Apr 8, 2025 | 23 | May 12, 2025 | 50 |
| -2.53% | Oct 3, 2018 | 57 | Dec 24, 2018 | 24 | Jan 30, 2019 | 81 |
| -1.18% | Sep 15, 2023 | 25 | Oct 19, 2023 | 10 | Nov 2, 2023 | 35 |
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 4 assets, with an effective number of assets of 3.17, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | PULS | FLRN | SPHY | SJNK | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.08 | 0.19 | 0.67 | 0.72 | 0.71 |
| PULS | 0.08 | 1.00 | 0.10 | 0.19 | 0.20 | 0.23 |
| FLRN | 0.19 | 0.10 | 1.00 | 0.20 | 0.18 | 0.31 |
| SPHY | 0.67 | 0.19 | 0.20 | 1.00 | 0.86 | 0.93 |
| SJNK | 0.72 | 0.20 | 0.18 | 0.86 | 1.00 | 0.96 |
| Portfolio | 0.71 | 0.23 | 0.31 | 0.93 | 0.96 | 1.00 |