Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CSCO Cisco Systems, Inc. | Technology | 10% |
MSFT Microsoft Corporation | Technology | 10% |
ORCL Oracle Corporation | Technology | 10% |
HPQ HP Inc. | Technology | 10% |
QCOM QUALCOMM Incorporated | Technology | 10% |
TXN Texas Instruments Incorporated | Technology | 10% |
AAPL Apple Inc | Technology | 10% |
IBM International Business Machines Corporation | Technology | 10% |
AVGO Broadcom Inc. | Technology | 10% |
KLAC KLA Corporation | Technology | 10% |
Find the right asset allocation for Tech Stocks Dividend Portfolio
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio OptimizerPerformance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Tech Stocks Dividend 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.
Loading charts...
Returns By Period
As of Jul 7, 2026, the Tech Stocks Dividend Portfolio returned 20.38% Year-To-Date and 25.27% of annualized return in the last 10 years.
| Position | 1D | 1M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.72% | 2.08% | 9.21% | 10.11% | 20.04% | 19.66% | 11.58% | 13.47% |
Portfolio Tech Stocks Dividend Portfolio | 2.30% | -3.32% | 19.67% | 20.38% | 27.49% | 30.55% | 22.81% | 25.27% |
| Portfolio components: | ||||||||
AAPL Apple Inc | 1.31% | 1.73% | 17.20% | 15.22% | 46.99% | 18.47% | 17.28% | 30.39% |
AVGO Broadcom Inc. | 3.73% | -2.91% | 9.28% | 8.43% | 36.87% | 66.04% | 54.30% | 40.97% |
CSCO Cisco Systems, Inc. | 1.52% | -5.95% | 52.19% | 50.13% | 67.71% | 34.25% | 19.74% | 18.02% |
HPQ HP Inc. | 3.06% | -10.57% | 7.32% | 4.34% | -8.62% | -6.37% | -2.12% | 9.26% |
IBM International Business Machines Corporation | 3.45% | 5.15% | 2.87% | 2.44% | 5.21% | 35.69% | 22.20% | 11.91% |
KLAC KLA Corporation | -0.95% | 20.94% | 72.95% | 92.51% | 153.97% | 73.80% | 51.55% | 43.60% |
MSFT Microsoft Corporation | -0.96% | -7.18% | -17.85% | -19.68% | -21.85% | 5.49% | 7.56% | 23.66% |
ORCL Oracle Corporation | 2.49% | -32.35% | -24.48% | -25.38% | -38.47% | 9.33% | 12.43% | 15.13% |
QCOM QUALCOMM Incorporated | 5.80% | -13.64% | 6.84% | 10.13% | 17.39% | 19.74% | 8.22% | 16.29% |
TXN Texas Instruments Incorporated | 3.56% | 6.47% | 73.30% | 76.97% | 44.44% | 24.02% | 13.01% | 20.22% |
Monthly Returns
Based on dividend-adjusted daily data since Aug 6, 2009, Tech Stocks Dividend Portfolio's average daily return is +0.09%, while the average monthly return is +1.77%. At this rate, an investment would double in approximately 3.3 years.
Historically, 63% of months were positive and 37% were negative. The best month was May 2026 with a return of +21.8%, while the worst month was May 2019 at -12.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, Tech Stocks Dividend Portfolio closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +13.1%, 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 | -1.10% | -4.12% | -3.42% | 18.81% | 21.78% | -8.67% | -0.52% | 20.38% | |||||
| 2025 | 3.85% | -2.08% | -7.19% | -1.00% | 9.30% | 12.63% | -0.41% | 2.76% | 7.62% | 3.95% | -2.39% | -2.59% | 25.20% |
| 2024 | 2.10% | 3.63% | 3.93% | -4.64% | 10.17% | 6.30% | 1.12% | 1.95% | 3.57% | -3.43% | 2.85% | 1.40% | 32.05% |
| 2023 | 6.80% | -1.26% | 7.04% | -2.33% | 7.68% | 6.80% | 3.59% | -2.01% | -7.43% | 0.00% | 10.50% | 5.34% | 38.69% |
| 2022 | -5.94% | -4.70% | 4.04% | -8.07% | 2.18% | -8.73% | 10.31% | -6.37% | -11.43% | 10.05% | 10.10% | -6.00% | -16.70% |
| 2021 | 0.67% | 2.69% | 6.33% | 3.03% | -0.49% | 3.53% | 3.46% | 2.16% | -4.59% | 6.06% | 7.16% | 6.64% | 42.59% |
Benchmark Metrics
Tech Stocks Dividend Portfolio has an annualized alpha of 6.53%, beta of 1.15, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since August 06, 2009.
- This portfolio captured 142.42% of S&P 500 Index gains and 106.82% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 6.53% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 6.53%
- Beta
- 1.15
- R²
- 0.80
- Upside Capture
- 142.42%
- Downside Capture
- 106.82%
Expense Ratio
Tech Stocks Dividend Portfolio has an expense ratio of 0.00%, meaning no management fees are charged. 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
Tech Stocks Dividend Portfolio ranks 20 for risk / return — in the bottom 20% of Portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for Tech Stocks Dividend 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 | 1.18 | 1.61 | -0.42 |
| Sortino ratioReturn per unit of downside risk | 1.67 | 2.22 | -0.55 |
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 2.21 | -0.59 |
| Martin ratioReturn relative to average drawdown | 4.14 | 9.63 | -5.49 |
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 |
|---|---|---|---|---|---|---|
AAPL Apple Inc | 88 | 1.96 | 2.73 | 1.36 | 3.42 | 8.15 |
AVGO Broadcom Inc. | 68 | 0.80 | 1.36 | 1.17 | 1.29 | 2.79 |
CSCO Cisco Systems, Inc. | 91 | 2.15 | 2.73 | 1.40 | 5.01 | 12.55 |
HPQ HP Inc. | 34 | -0.22 | -0.04 | 1.00 | -0.24 | -0.41 |
IBM International Business Machines Corporation | 47 | 0.13 | 0.47 | 1.06 | 0.17 | 0.35 |
KLAC KLA Corporation | 94 | 2.74 | 2.89 | 1.42 | 6.83 | 20.80 |
MSFT Microsoft Corporation | 14 | -0.81 | -1.03 | 0.87 | -0.64 | -1.22 |
ORCL Oracle Corporation | 18 | -0.60 | -0.75 | 0.92 | -0.66 | -1.03 |
QCOM QUALCOMM Incorporated | 56 | 0.34 | 0.86 | 1.12 | 0.53 | 1.11 |
TXN Texas Instruments Incorporated | 73 | 1.04 | 1.72 | 1.24 | 1.51 | 3.11 |
Loading charts...
Dividends
Dividend yield
Tech Stocks Dividend Portfolio provided a 1.70% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.70% | 1.82% | 1.81% | 2.11% | 2.47% | 1.87% | 2.27% | 2.54% | 2.97% | 2.37% | 2.54% | 15.25% |
| Portfolio components: | ||||||||||||
AAPL Apple Inc | 0.34% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
AVGO Broadcom Inc. | 0.68% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
CSCO Cisco Systems, Inc. | 1.46% | 2.12% | 2.69% | 3.07% | 3.17% | 2.32% | 3.20% | 2.88% | 2.95% | 2.95% | 3.28% | 3.02% |
HPQ HP Inc. | 5.26% | 5.24% | 3.42% | 3.53% | 3.77% | 2.21% | 2.94% | 3.20% | 2.83% | 2.56% | 3.40% | 129.70% |
IBM International Business Machines Corporation | 2.25% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
KLAC KLA Corporation | 0.34% | 0.61% | 0.96% | 0.92% | 1.25% | 0.91% | 1.35% | 1.74% | 3.17% | 2.15% | 2.67% | 2.94% |
MSFT Microsoft Corporation | 0.92% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
ORCL Oracle Corporation | 1.96% | 0.97% | 0.96% | 1.44% | 1.57% | 1.38% | 1.48% | 1.72% | 1.68% | 1.52% | 1.56% | 1.56% |
QCOM QUALCOMM Incorporated | 1.93% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% |
TXN Texas Instruments Incorporated | 1.85% | 3.17% | 2.81% | 2.94% | 2.84% | 2.23% | 2.27% | 2.50% | 2.78% | 2.03% | 2.25% | 2.55% |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Tech Stocks Dividend 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 Tech Stocks Dividend Portfolio was 31.66%, occurring on Mar 23, 2020. Recovery took 72 trading sessions.
The current Tech Stocks Dividend Portfolio drawdown is 12.14%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -31.66%Mar 2020 | 1mo 9d | 3mo 15d | 4mo 24dFeb 2020 - Jul 2020 |
Bear market2022 | -29.21%Oct 2022 | 9mo 18d | 8mo 3d | 1y 5moDec 2021 - Jun 2023 |
2025 selloff2025 | -25.24%Apr 2025 | 1mo 16d | 2mo 5d | 3mo 21dFeb 2025 - Jun 2025 |
2011 bear market2011 | -21.08%Aug 2011 | 5mo 28d | 5mo 4d | 11mo 2dFeb 2011 - Jan 2012 |
Rate-hike selloffLate 2018 | -20.95%Dec 2018 | 2mo 21d | 2mo 27d | 5mo 18dOct 2018 - Mar 2019 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Diversification
AI Analysis
The gist
The portfolio is a clean, equal-weight bet on large-cap technology, with the real center of gravity in semiconductors and semiconductor-adjacent names. It is diversified across ten tickers, but the math says the diversification is mostly inside one business cycle.
The numbers
- Diversification ratio: 1.87 (86.6th percentile 1Y), easing to 1.40 (67.1th percentile inception); that is real diversification benefit, but not from unrelated return streams.
- 10 of 10 effective assets and mean pairwise correlation of 0.48 suggest the weights are spread, though the spread is among cousins.
- The tightest cluster is AVGO (Broadcom), QCOM (Qualcomm), KLAC (KLA), TXN (Texas Instruments), with pairwise correlations up to 0.70.
The good
- Equal weights keep any single megacap from dominating the portfolio’s behavior; that is a sensible structure for a thesis, whatever the thesis is.
- The portfolio includes some non-semiconductor ballast in Microsoft (MSFT), Cisco (CSCO), IBM, Oracle (ORCL), and HP (HPQ), which lowers correlation enough to matter.
The bad
- The portfolio still sits inside the technology complex, so a lot of the apparent diversification comes from different ways of expressing the same macro factor: capex, enterprise spending, and chip demand.
- Texas Instruments (TXN) and KLA (KLAC) at 0.78 portfolio correlation are not doing much to disguise the shared exposure.
The ugly
- If semiconductor cycle weakness meets software multiple compression, the correlation structure can collapse upward at the same time, which is how a diversified-looking tech portfolio remembers it is a tech portfolio.
Next steps
- Portfolios with this correlation profile are usually complemented by exposures whose earnings drivers sit outside the chip and enterprise IT cycle.
- The weaker long-run diversification ratio versus the 1Y reading suggests the portfolio has diversified better recently than it has historically, which is an interesting fact with a personality.
Diversification Metrics
Number of Effective Assets
The portfolio contains 10 assets, with an effective number of assets of 10.00, 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 | 10Y | All Time | |
|---|---|---|---|---|---|
Diversification Ratio | 1.87 | 1.58 | 1.47 | 1.39 | 1.40 |
The portfolio has a diversification ratio of 1.40, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
Tech Stocks Dividend Portfolio correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.85 |
Benchmark Correlations
Correlation vs. S&P 500 Index. MSFT has the highest benchmark correlation at 0.70, while HPQ has the lowest at 0.60.
Asset Correlations Table
| IBM | AAPL | HPQ | ORCL | AVGO | CSCO | MSFT | QCOM | KLAC | TXN | |
|---|---|---|---|---|---|---|---|---|---|---|
| IBM | 1.00 | 0.36 | 0.49 | 0.49 | 0.36 | 0.51 | 0.43 | 0.40 | 0.40 | 0.44 |
| AAPL | 0.36 | 1.00 | 0.40 | 0.39 | 0.46 | 0.45 | 0.52 | 0.48 | 0.46 | 0.48 |
| HPQ | 0.49 | 0.40 | 1.00 | 0.42 | 0.39 | 0.50 | 0.43 | 0.45 | 0.46 | 0.51 |
| ORCL | 0.49 | 0.39 | 0.42 | 1.00 | 0.44 | 0.49 | 0.55 | 0.43 | 0.44 | 0.45 |
| AVGO | 0.36 | 0.46 | 0.39 | 0.44 | 1.00 | 0.46 | 0.48 | 0.55 | 0.61 | 0.60 |
| CSCO | 0.51 | 0.45 | 0.50 | 0.49 | 0.46 | 1.00 | 0.50 | 0.46 | 0.49 | 0.53 |
| MSFT | 0.43 | 0.52 | 0.43 | 0.55 | 0.48 | 0.50 | 1.00 | 0.50 | 0.50 | 0.50 |
| QCOM | 0.40 | 0.48 | 0.45 | 0.43 | 0.55 | 0.46 | 0.50 | 1.00 | 0.60 | 0.63 |
| KLAC | 0.40 | 0.46 | 0.46 | 0.44 | 0.61 | 0.49 | 0.50 | 0.60 | 1.00 | 0.70 |
| TXN | 0.44 | 0.48 | 0.51 | 0.45 | 0.60 | 0.53 | 0.50 | 0.63 | 0.70 | 1.00 |
Find what Tech Stocks Dividend Portfolio is missing
See which holdings overlap, where Tech Stocks Dividend Portfolio is concentrated, and which low-correlation assets could fill the gaps.
Analyze Diversification