Offensive: ibta smh minv tdiv iaup

Asset Allocation

Position	Category/Sector	Target Weight
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	Government Bonds, Short-Term Bond	40%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	23%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	Global Equity Income	17%
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	Global Equities	15%
PHAU.AS WisdomTree Physical Gold UCITS ETC	Gold	5%

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 Offensive: ibta smh minv tdiv iaup, 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 year.

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Returns By Period

As of Jun 6, 2026, the Offensive: ibta smh minv tdiv iaup returned 17.06% Year-To-Date and 13.38% of annualized return in the last 10 years.

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	-1.86%	2.09%	9.98%	8.60%	21.69%	16.96%	13.01%	13.17%
Portfolio Offensive: ibta smh minv tdiv iaup	-2.66%	1.95%	17.06%	17.03%	31.54%	19.18%	15.86%	13.38%
Portfolio components:
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	0.34%	1.75%	1.91%	1.42%	1.94%	1.46%	2.88%	1.58%
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	0.55%	3.09%	2.49%	2.36%	0.38%	6.70%	6.30%	6.85%
PHAU.AS WisdomTree Physical Gold UCITS ETC	0.56%	-3.87%	4.61%	5.97%	31.05%	27.67%	19.40%	12.91%
SMH VanEck Semiconductor ETF	-8.49%	2.87%	61.29%	58.46%	123.62%	54.50%	37.59%	35.83%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	0.25%	1.38%	9.89%	12.76%	24.86%	19.97%	17.52%	12.02%

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

Monthly Returns

Based on dividend-adjusted daily data since May 24, 2016, Offensive: ibta smh minv tdiv iaup's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.

Historically, 69% of months were positive and 31% were negative. The best month was Apr 2026 with a return of +6.6%, while the worst month was Mar 2020 at -5.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.

On a daily basis, Offensive: ibta smh minv tdiv iaup closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +3.5%, while the worst single day was Mar 9, 2020 at -4.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	3.33%	2.82%	-1.26%	6.55%	5.63%	-0.85%							17.06%
2025	2.16%	0.54%	-4.59%	-3.76%	3.19%	0.64%	3.56%	-0.45%	3.59%	4.58%	0.48%	0.63%	10.61%
2024	4.03%	3.40%	3.54%	-1.05%	2.99%	3.47%	-0.57%	-1.09%	0.51%	1.25%	3.48%	0.82%	22.63%
2023	3.80%	1.27%	1.42%	-2.02%	6.10%	0.17%	1.91%	0.02%	-0.50%	-1.52%	3.65%	3.36%	18.80%
2022	-1.79%	-0.59%	2.16%	0.41%	-0.07%	-3.63%	6.04%	-1.55%	-2.71%	1.14%	1.82%	-4.33%	-3.51%
2021	1.26%	2.07%	4.89%	-1.63%	0.43%	3.45%	0.86%	1.48%	-0.78%	2.52%	4.65%	2.33%	23.54%

Benchmark Metrics

Offensive: ibta smh minv tdiv iaup has an annualized alpha of 6.90%, beta of 0.47, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since May 24, 2016.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (62.56%) than losses (40.56%) - typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 6.90% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
Beta of 0.47 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: 6.90%

Beta: 0.47

R²: 0.66

Upside Capture: 62.56%

Downside Capture: 40.56%

Expense Ratio

Offensive: ibta smh minv tdiv iaup 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.

PHAU.AS

WisdomTree Physical Gold UCITS ETC

TDIV.AS

VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF

SMH

VanEck Semiconductor ETF

MINV.L

iShares Edge MSCI World Minimum Volatility UCITS ETF

IBTS.L

iShares $ Treasury Bond 1-3yr UCITS ETF

Return for Risk

Risk / Return Rank

Offensive: ibta smh minv tdiv iaup ranks 92 for risk / return — in the top 92% 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 Offensive: ibta smh minv tdiv iaup and compares them with S&P 500 Index.

	Portfolio	Benchmark	Difference
Sharpe ratioReturn per unit of total volatility	3.29	1.90	+1.39
Sortino ratioReturn per unit of downside risk	4.40	2.48	+1.93
Omega ratioGain probability vs. loss probability	1.62	1.35	+0.27
Calmar ratioReturn relative to maximum drawdown	10.00	3.12	+6.88
Martin ratioReturn relative to average drawdown	33.49	11.62	+21.87
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.

Position	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	16	0.41	0.63	1.07	0.68	1.56
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	11	0.14	0.25	1.03	0.20	0.44
PHAU.AS WisdomTree Physical Gold UCITS ETC	38	1.27	1.71	1.25	1.75	4.43
SMH VanEck Semiconductor ETF	95	4.00	4.13	1.58	10.25	35.30
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	91	2.79	3.99	1.51	7.19	19.93

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.

Offensive: ibta smh minv tdiv iaup Sharpe ratios as of Jun 6, 2026 (values are recalculated daily):

1-Year: 3.29
5-Year: 1.50
10-Year: 1.24
All Time: 1.24

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 1.64 to 2.53, 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 Offensive: ibta smh minv tdiv iaup 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

Offensive: ibta smh minv tdiv iaup provided a 2.18% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.18%	2.37%	2.46%	2.22%	1.34%	1.04%	1.60%	2.05%	1.87%	1.40%	0.64%	0.69%
Portfolio components:
IBTS.L iShares $ Treasury Bond 1-3yr UCITS ETF	3.98%	4.22%	4.12%	3.08%	0.75%	0.61%	1.84%	2.39%	1.49%	1.01%	0.67%	0.49%
MINV.L iShares Edge MSCI World Minimum Volatility UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PHAU.AS WisdomTree Physical Gold UCITS ETC	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMH VanEck Semiconductor ETF	0.19%	0.31%	0.44%	0.60%	1.18%	0.51%	0.69%	1.50%	1.88%	1.43%	0.80%	2.14%
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF	3.19%	3.58%	4.19%	4.98%	4.55%	3.98%	4.12%	4.40%	4.93%	3.95%	1.11%	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 Offensive: ibta smh minv tdiv iaup. 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 Offensive: ibta smh minv tdiv iaup was 18.52%, occurring on Mar 16, 2020. Recovery took 189 trading sessions.

The current Offensive: ibta smh minv tdiv iaup drawdown is 3.33%.

Related event	Drawdown	Fall	Recovery	Underwater
COVID crash2020	-18.52%Mar 2020	25d	8mo 26d	9mo 21dFeb 2020 - Dec 2020
2025 selloff2025	-12.78%Apr 2025	2mo	5mo 12d	7mo 12dFeb 2025 - Sep 2025
2024 pullback2024	-8.27%Aug 2024	25d	2mo 10d	3mo 5dJul 2024 - Oct 2024
Bear market2022	-7.65%Dec 2022	4mo 4d	4mo 21d	8mo 25dAug 2022 - May 2023
2017 pullback2017	-7.60%Aug 2017	4mo 21d	1mo 29d	6mo 20dApr 2017 - Oct 2017

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 5 assets, with an effective number of assets of 3.75, reflecting the diversification based on asset allocation. Your capital is well-distributed across most of your holdings, with only mild concentration in a few names. True diversification also depends on the correlations between assets — check the diversification ratio below.

Diversification Ratio

	1Y	3Y	5Y	10Y	All Time
Diversification Ratio	1.56	1.63	1.62	1.52	1.52

The portfolio has a diversification ratio of 1.52, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.

Offensive: ibta smh minv tdiv iaup correlation to the S&P 500 Index

Offensive: ibta smh minv tdiv iaup has a 0.76 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 24, 2016	0.81

Benchmark Correlations

Correlation vs. S&P 500 Index. SMH has the highest benchmark correlation at 0.76, while PHAU.AS has the lowest at 0.01.

0.01

0.28

0.42

0.50

0.76

Portfolio Correlations

Correlation vs. Offensive: ibta smh minv tdiv iaup. SMH has the highest portfolio correlation at 0.85, while PHAU.AS has the lowest at 0.11.

0.11

0.42

0.49

0.59

0.85

Asset Correlations Table

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

	PHAU.AS	IBTS.L	TDIV.AS	SMH	MINV.L
PHAU.AS	1.00	0.11	0.00	-0.02	0.09
IBTS.L	0.11	1.00	0.02	0.10	0.40
TDIV.AS	0.00	0.02	1.00	0.28	0.59
SMH	-0.02	0.10	0.28	1.00	0.25
MINV.L	0.09	0.40	0.59	0.25	1.00

The correlation results are calculated based on daily price changes starting from May 24, 2016

Diversification Analysis

Find what Offensive: ibta smh minv tdiv iaup is missing

See which holdings overlap, where Offensive: ibta smh minv tdiv iaup is concentrated, and which low-correlation assets could fill the gaps.

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