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% |
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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.
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Returns By Period
As of Jun 17, 2026, the Tech Stocks Dividend Portfolio returned 24.24% Year-To-Date and 25.87% of annualized return in the last 10 years.
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | -0.57% | 1.39% | 9.73% | 10.46% | 24.50% | 19.43% | 12.21% | 13.75% |
Portfolio Tech Stocks Dividend Portfolio | -2.39% | 5.19% | 24.24% | 22.41% | 40.31% | 30.90% | 24.36% | 25.87% |
| Portfolio components: | ||||||||
AAPL Apple Inc | 0.95% | -0.33% | 10.28% | 9.17% | 51.41% | 17.95% | 18.43% | 30.00% |
AVGO Broadcom Inc. | -4.37% | -11.40% | 9.07% | 10.82% | 50.64% | 65.29% | 54.62% | 40.98% |
CSCO Cisco Systems, Inc. | -0.50% | 1.15% | 56.90% | 55.85% | 86.72% | 35.63% | 21.03% | 18.77% |
HPQ HP Inc. | -1.26% | 18.14% | 12.14% | 0.62% | 4.15% | -3.96% | 0.41% | 10.02% |
IBM International Business Machines Corporation | 0.78% | 23.49% | -7.38% | -9.51% | -1.45% | 29.46% | 18.79% | 10.97% |
KLAC KLA Corporation | -7.44% | 31.70% | 95.82% | 94.50% | 167.67% | 73.65% | 50.96% | 43.99% |
MSFT Microsoft Corporation | -1.48% | -6.46% | -18.20% | -16.96% | -17.15% | 5.60% | 9.48% | 24.41% |
ORCL Oracle Corporation | -2.24% | -2.39% | -2.78% | 0.44% | -9.89% | 15.86% | 21.04% | 18.61% |
QCOM QUALCOMM Incorporated | -3.05% | 6.64% | 26.42% | 22.78% | 39.34% | 23.03% | 11.99% | 18.04% |
TXN Texas Instruments Incorporated | -2.44% | 0.98% | 78.26% | 74.18% | 57.76% | 23.60% | 13.43% | 20.63% |
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 +1.79%. At this rate, an investment would double in approximately 3.3 years.
Historically, 64% of months were positive and 36% 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 56% 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% | -6.23% | 24.24% | ||||||
| 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 6.78%, 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 142.86% of S&P 500 Index gains and 106.03% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 6.78% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.15 and R2 of 0.80, 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
- 6.78%
- Beta
- 1.15
- R²
- 0.80
- Upside Capture
- 142.86%
- Downside Capture
- 106.03%
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 26 for risk / return — below 26% of Portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
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 | 1.80 | 1.98 | -0.19 |
| Sortino ratioReturn per unit of downside risk | 2.38 | 2.70 | -0.32 |
| Omega ratioGain probability vs. loss probability | 1.31 | 1.36 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.71 | -0.33 |
| Martin ratioReturn relative to average drawdown | 6.59 | 12.15 | -5.56 |
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 | 89 | 2.28 | 3.17 | 1.41 | 3.74 | 9.29 |
AVGO Broadcom Inc. | 72 | 1.11 | 1.69 | 1.22 | 1.78 | 4.09 |
CSCO Cisco Systems, Inc. | 94 | 2.83 | 3.38 | 1.51 | 6.42 | 17.47 |
HPQ HP Inc. | 43 | 0.10 | 0.48 | 1.06 | 0.11 | 0.20 |
IBM International Business Machines Corporation | 38 | -0.04 | 0.23 | 1.03 | -0.05 | -0.10 |
KLAC KLA Corporation | 95 | 3.38 | 3.38 | 1.49 | 7.53 | 23.89 |
MSFT Microsoft Corporation | 17 | -0.67 | -0.80 | 0.90 | -0.51 | -1.03 |
ORCL Oracle Corporation | 36 | -0.15 | 0.24 | 1.03 | -0.17 | -0.28 |
QCOM QUALCOMM Incorporated | 66 | 0.81 | 1.43 | 1.20 | 1.19 | 2.64 |
TXN Texas Instruments Incorporated | 78 | 1.44 | 2.25 | 1.31 | 1.96 | 4.09 |
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Dividends
Dividend yield
Tech Stocks Dividend Portfolio provided a 1.56% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.56% | 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 | 0.35% | 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. | 0.66% | 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. | 1.38% | 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. | 4.90% | 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 | 2.49% | 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 | 0.90% | 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 | 1.06% | 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 | 1.68% | 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 | 1.84% | 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.
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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 9.32%.
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.
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Diversification
AI Analysis
Thesis
The portfolio is a clean bet on the technology complex, but more specifically on the parts of technology whose earnings are tied to enterprise spending, devices, and semicap equipment rather than one single subindustry.
The numbers
- The diversification ratio is 1.91 at 1Y, 1.57 at 3Y, and 1.40 incept, which is respectable; the portfolio sits in the 65.8th to 86.7th percentile of the platform.
- The effective asset count is 10.0 of 10, so the weights are not doing the usual trick where “diversification” is really just one large position wearing nine small hats.
- Average pairwise correlation is 0.48, with a max of 0.70; that is diversified for a single-sector portfolio, and still very much a single-sector portfolio.
What works
- The portfolio has genuine internal variety: Cisco (CSCO), Microsoft (MSFT), Oracle (ORCL), HP (HPQ), Apple (AAPL), IBM (IBM), and the chip names are not all the same business in disguise.
- The lower-correlation names, such as AAPL and IBM, help keep the cluster structure from collapsing into one monolith.
What does not
- The most correlated cluster is Texas Instruments (TXN), KLA (KLAC), Broadcom (AVGO), and Qualcomm (QCOM), with correlations up to 0.70; in some sense, this is one cyclical semiconductor thesis expressed four ways.
- Position-to-portfolio correlations of 0.62 to 0.79 show that every holding is still strongly tied to the portfolio itself, which is what concentration looks like when it is wearing a diversified costume.
Stress Scenario
- A spending slowdown that hits enterprise IT, handset demand, and semiconductor capex together would make the clusters move as one, and the current cross-name offsets would shrink quickly.
Worth knowing
- The rising diversification ratio at shorter horizons suggests the holdings have not all been moving in lockstep recently.
- Portfolios with this correlation profile are usually paired with exposures whose return drivers sit outside the technology cycle.
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 | 1.84 | 1.56 | 1.46 | 1.38 | 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 | 0.84 |
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 | CSCO | AVGO | MSFT | QCOM | KLAC | TXN | |
|---|---|---|---|---|---|---|---|---|---|---|
| IBM | 1.00 | 0.36 | 0.49 | 0.49 | 0.51 | 0.37 | 0.43 | 0.40 | 0.41 | 0.44 |
| AAPL | 0.36 | 1.00 | 0.40 | 0.39 | 0.45 | 0.47 | 0.52 | 0.48 | 0.47 | 0.49 |
| HPQ | 0.49 | 0.40 | 1.00 | 0.42 | 0.50 | 0.40 | 0.43 | 0.45 | 0.47 | 0.51 |
| ORCL | 0.49 | 0.39 | 0.42 | 1.00 | 0.49 | 0.43 | 0.55 | 0.43 | 0.45 | 0.45 |
| CSCO | 0.51 | 0.45 | 0.50 | 0.49 | 1.00 | 0.46 | 0.51 | 0.46 | 0.49 | 0.53 |
| AVGO | 0.37 | 0.47 | 0.40 | 0.43 | 0.46 | 1.00 | 0.49 | 0.55 | 0.61 | 0.60 |
| MSFT | 0.43 | 0.52 | 0.43 | 0.55 | 0.51 | 0.49 | 1.00 | 0.50 | 0.51 | 0.51 |
| QCOM | 0.40 | 0.48 | 0.45 | 0.43 | 0.46 | 0.55 | 0.50 | 1.00 | 0.60 | 0.63 |
| KLAC | 0.41 | 0.47 | 0.47 | 0.45 | 0.49 | 0.61 | 0.51 | 0.60 | 1.00 | 0.70 |
| TXN | 0.44 | 0.49 | 0.51 | 0.45 | 0.53 | 0.60 | 0.51 | 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