New year starts

Asset Allocation

Position	Category/Sector	Target Weight
CWEN Clearway Energy, Inc.	Utilities	3.33%
SOBO.TO South Bow Corp	Energy	3.33%
SMNEY Siemens Energy AG	Industrials	3.33%
AXP American Express Company	Financial Services	3.33%
BKNG Booking Holdings Inc.	Consumer Cyclical	3.33%
INTU Intuit Inc.	Technology	3.33%
FICO Fair Isaac Corporation	Technology	3.33%
WMT Walmart Inc.	Consumer Defensive	3.33%
ALIZY Allianz SE ADR	Financial Services	3.33%
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	Industrials	3.33%
FCX Freeport-McMoRan Inc.	Basic Materials	3.33%
LMT Lockheed Martin Corporation	Industrials	3.33%
AMZN Amazon.com, Inc	Consumer Cyclical	3.33%
MSFT Microsoft Corporation	Technology	3.33%
B Barrick Mining Corporation	Basic Materials	3.33%
LRCX Lam Research Corporation	Technology	3.33%
TSM Taiwan Semiconductor Manufacturing Company Limited	Technology	3.33%
ASML ASML Holding N.V.	Technology	3.33%
KLAC KLA Corporation	Technology	3.33%
ISRG Intuitive Surgical, Inc.	Healthcare	3.33%
MA Mastercard Incorporated	Financial Services	3.33%
V Visa Inc.	Financial Services	3.33%
RYCEY Rolls-Royce Holdings plc	Industrials	3.33%
AVGO Broadcom Inc.	Technology	3.33%
META Meta Platforms, Inc.	Communication Services	3.33%
SIEGY Siemens Aktiengesellschaft	Industrials	3.33%
MU Micron Technology, Inc.	Technology	3.33%
LLY Eli Lilly and Company	Healthcare	3.33%
GOOGL Alphabet Inc. Class A	Communication Services	3.33%
PDO Pimco Dynamic Income Opportunities Fund	Financial Services	3.33%

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 New year starts, 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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Returns By Period

Position	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.50%	-0.17%	8.56%	8.85%	22.93%	19.37%	11.84%	13.61%
Portfolio New year starts	0.34%	6.24%	30.78%	33.69%	66.15%	—	—	—
Portfolio components:
ALIZY Allianz SE ADR	0.01%	2.36%	1.59%	4.55%	17.68%	31.68%	16.69%	—
AMZN Amazon.com, Inc	-1.23%	-11.69%	3.35%	5.46%	11.87%	23.49%	7.35%	20.83%
ASML ASML Holding N.V.	-1.89%	17.83%	74.80%	73.02%	138.89%	37.59%	22.97%	36.00%
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	1.07%	-4.15%	-9.55%	-8.65%	-3.36%	6.19%	14.67%	10.32%
AVGO Broadcom Inc.	-0.91%	-8.33%	10.62%	6.58%	50.41%	67.17%	55.09%	40.96%
AXP American Express Company	2.18%	5.11%	-11.56%	-14.47%	10.36%	24.40%	16.02%	19.88%
B Barrick Mining Corporation	2.81%	-10.03%	-6.52%	-5.53%	96.46%	36.83%	14.31%	9.32%
BKNG Booking Holdings Inc.	0.83%	6.66%	-22.63%	-21.85%	-23.87%	17.23%	12.82%	12.44%
CWEN Clearway Energy, Inc.	-0.58%	-0.39%	15.34%	18.36%	24.39%	14.23%	11.37%	15.45%
FCX Freeport-McMoRan Inc.	3.12%	1.86%	35.32%	45.06%	68.06%	21.38%	12.26%	22.12%

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

Monthly Returns

Based on dividend-adjusted daily data since Sep 25, 2024, New year starts's average daily return is +0.17%, while the average monthly return is +3.37%. At this rate, an investment would double in approximately 1.7 years.

Historically, 77% of months were positive and 23% were negative. The best month was May 2026 with a return of +13.8%, while the worst month was Mar 2026 at -7.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 1 months.

On a daily basis, New year starts closed higher 59% of trading days. The best single day was Apr 9, 2025 with a return of +11.0%, while the worst single day was Apr 4, 2025 at -7.1%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	9.50%	0.82%	-7.93%	11.67%	13.79%	1.26%							30.78%
2025	5.03%	0.47%	-3.81%	3.88%	8.82%	8.08%	-1.08%	1.95%	7.64%	5.25%	3.40%	3.61%	51.81%
2024									0.71%	-1.39%	4.01%	-1.53%	1.73%

Benchmark Metrics

New year starts has an annualized alpha of 27.21%, beta of 1.17, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since September 25, 2024.

This portfolio captured 190.95% of S&P 500 Index gains but only 28.82% of its losses - a favorable profile for investors.
This portfolio generated an annualized alpha of 27.21% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.

Alpha: 27.21%

Beta: 1.17

R²: 0.77

Upside Capture: 190.95%

Downside Capture: 28.82%

See how alpha, beta & R² have trended over time →

Expense Ratio

New year starts 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.

The portfolio doesn't include any funds that charge management fees.

Return for Risk

Risk / Return Rank

New year starts 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 New year starts 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	3.15	1.86	+1.29
Sortino ratioReturn per unit of downside risk	4.04	2.53	+1.51
Omega ratioGain probability vs. loss probability	1.53	1.34	+0.19
Calmar ratioReturn relative to maximum drawdown	5.04	2.53	+2.51
Martin ratioReturn relative to average drawdown	22.76	11.37	+11.39

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
ALIZY Allianz SE ADR	67	0.89	1.31	1.16	1.31	3.39
AMZN Amazon.com, Inc	54	0.40	0.76	1.09	0.55	1.29
ASML ASML Holding N.V.	95	3.27	3.70	1.45	7.83	21.08
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	36	-0.13	-0.00	1.00	-0.13	-0.33
AVGO Broadcom Inc.	74	1.11	1.69	1.22	1.77	4.11
AXP American Express Company	52	0.39	0.69	1.09	0.44	0.93
B Barrick Mining Corporation	86	2.15	2.48	1.34	3.31	7.95
BKNG Booking Holdings Inc.	13	-0.75	-0.93	0.89	-0.72	-1.36
CWEN Clearway Energy, Inc.	69	0.84	1.35	1.17	1.73	3.88
FCX Freeport-McMoRan Inc.	79	1.40	1.79	1.25	2.75	6.85

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.

The current New year starts Sharpe ratio is 3.15 as of Jun 13, 2026 (the value is recalculated daily), calculated over the past 12 months.

Compared to the broad market, where average Sharpe ratios range from 1.53 to 2.41, 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 New year starts 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

New year starts provided a 1.77% dividend yield over the last twelve months.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	1.77%	1.94%	1.70%	1.61%	1.98%	1.30%	1.40%	1.17%	1.43%	1.17%	1.35%	1.95%
Portfolio components:
ALIZY Allianz SE ADR	4.37%	3.71%	4.91%	4.70%	5.43%	4.87%	2.95%	0.00%	0.00%	0.00%	0.00%	0.00%
AMZN Amazon.com, Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASML ASML Holding N.V.	0.47%	0.97%	0.97%	0.86%	1.27%	0.50%	0.50%	1.40%	0.94%	0.64%	0.92%	0.73%
ASR Grupo Aeroportuario del Sureste, S. A. B. de C. V.	7.64%	12.61%	4.68%	3.86%	3.18%	2.00%	0.00%	2.80%	2.29%	0.05%	0.05%	0.52%
AVGO Broadcom Inc.	0.65%	0.70%	0.94%	1.71%	3.02%	2.24%	3.05%	3.54%	3.11%	1.87%	1.43%	1.13%
AXP American Express Company	1.05%	0.85%	0.91%	1.24%	1.35%	1.05%	1.42%	1.29%	1.51%	1.32%	1.61%	1.58%
B Barrick Mining Corporation	2.29%	1.21%	2.58%	2.21%	3.20%	2.47%	1.82%	0.70%	1.40%	0.83%	0.50%	1.90%
BKNG Booking Holdings Inc.	0.97%	0.72%	0.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CWEN Clearway Energy, Inc.	4.87%	5.32%	6.36%	5.62%	4.48%	3.68%	3.29%	4.01%	7.29%	5.81%	5.98%	6.88%
FCX Freeport-McMoRan Inc.	0.88%	1.18%	1.58%	1.41%	0.99%	0.54%	0.19%	1.52%	1.45%	0.00%	0.00%	8.46%

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 New year starts. 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 New year starts was 17.32%, occurring on Apr 8, 2025. Recovery took 21 trading sessions.

The current New year starts drawdown is 1.19%.

Related event	Drawdown	Fall	Recovery	Underwater
2025 selloff2025	-17.32%Apr 2025	1mo 18d	1mo	2mo 18dFeb 2025 - May 2025
2026 correction2026	-12.86%Mar 2026	1mo 29d	15d	2mo 14dJan 2026 - Apr 2026
2026 pullback2026	-6.70%Jun 2026	2d	—	10d 23hJun 2026 - now
2025 pullback2025	-5.21%Nov 2025	7d	6d	13dNov 2025 - Nov 2025
2024 pullback2024	-4.50%Dec 2024	2d	1mo 3d	1mo 5dDec 2024 - Jan 2025

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 30 assets, with an effective number of assets of 30.00, 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	All Time
Diversification Ratio	2.11	1.83

The portfolio has a diversification ratio of 1.83, placing it in the top 5% across portfolios — assets in this portfolio move largely independently, providing strong diversification benefit.

New year starts correlation to the S&P 500 Index

New year starts has a 0.85 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	0.85
Correlation (All Time) Calculated using the full available price history since Sep 25, 2024	0.84

Benchmark Correlations

Correlation vs. S&P 500 Index. AMZN has the highest benchmark correlation at 0.65, while SOBO.TO has the lowest at -0.01.

SOBO.TO

-0.01

LMT

0.11

WMT

0.18

0.24

0.27

0.29

0.34

0.36

0.37

0.38

0.39

0.39

0.42

0.45

0.47

0.49

0.54

MSFT

0.57

Portfolio Correlations

Correlation vs. New year starts. LRCX has the highest portfolio correlation at 0.79, while SOBO.TO has the lowest at 0.05.

SOBO.TO

0.05

LMT

0.08

WMT

0.11

0.24

0.27

0.28

0.28

0.29

0.32

0.37

0.38

0.40

0.40

0.44

0.44

0.47

0.51

0.52

Asset Correlations Table

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

	SOBO.TO	LMT	WMT	CWEN	LLY	B	INTU	FICO	MA	ASR	V	ALIZY	PDO	SMNEY	BKNG	RYCEY	MSFT	FCX	GOOGL	MU	AXP	META	ISRG	AVGO	AMZN	TSM	SIEGY	ASML	KLAC	LRCX
SOBO.TO	1.00	0.06	0.04	0.16	0.04	0.01	0.00	0.01	0.02	0.02	-0.02	-0.00	0.01	0.08	-0.03	-0.00	-0.01	0.03	-0.08	-0.01	-0.02	-0.03	0.01	-0.00	-0.03	0.07	-0.00	0.06	-0.00	-0.01
LMT	0.06	1.00	0.14	0.08	0.16	0.11	0.03	0.05	0.13	0.03	0.12	0.08	0.10	0.09	0.01	0.17	-0.06	0.03	0.01	-0.01	0.06	-0.09	0.02	-0.02	-0.06	0.00	0.05	0.02	0.04	0.00
WMT	0.04	0.14	1.00	0.05	0.23	0.04	0.08	0.12	0.23	0.06	0.19	0.07	0.15	0.11	0.09	0.07	0.08	0.00	0.06	-0.04	0.12	0.12	0.16	-0.00	0.08	0.00	0.02	0.07	0.03	0.00
CWEN	0.16	0.08	0.05	1.00	0.19	0.25	-0.05	0.04	-0.01	0.26	0.04	0.23	0.16	0.19	0.04	0.18	0.09	0.21	0.14	0.21	0.14	0.08	0.15	0.15	0.09	0.22	0.24	0.20	0.20	0.21
LLY	0.04	0.16	0.23	0.19	1.00	0.13	0.13	0.20	0.18	0.11	0.18	0.17	0.22	0.12	0.11	0.16	0.06	0.13	0.16	0.14	0.18	0.15	0.30	0.10	0.12	0.17	0.21	0.18	0.15	0.19
B	0.01	0.11	0.04	0.25	0.13	1.00	0.05	-0.01	0.00	0.31	0.04	0.26	0.19	0.09	0.06	0.27	0.07	0.50	0.15	0.21	0.05	0.06	0.17	0.20	0.09	0.19	0.28	0.25	0.25	0.26
INTU	0.00	0.03	0.08	-0.05	0.13	0.05	1.00	0.45	0.37	0.05	0.31	0.07	0.12	0.22	0.37	0.15	0.45	0.01	0.19	0.12	0.32	0.25	0.40	0.21	0.29	0.11	0.16	0.10	0.13	0.11
FICO	0.01	0.05	0.12	0.04	0.20	-0.01	0.45	1.00	0.39	0.12	0.34	0.10	0.16	0.18	0.44	0.11	0.26	0.06	0.21	0.18	0.33	0.24	0.32	0.17	0.26	0.12	0.17	0.11	0.12	0.10
MA	0.02	0.13	0.23	-0.01	0.18	0.00	0.37	0.39	1.00	0.08	0.85	0.21	0.20	0.13	0.49	0.14	0.28	0.07	0.19	0.00	0.53	0.27	0.34	0.04	0.27	0.05	0.20	0.07	0.11	0.08
ASR	0.02	0.03	0.06	0.26	0.11	0.31	0.05	0.12	0.08	1.00	0.12	0.33	0.23	0.22	0.18	0.25	0.15	0.35	0.22	0.28	0.22	0.21	0.24	0.25	0.20	0.26	0.38	0.27	0.26	0.29
V	-0.02	0.12	0.19	0.04	0.18	0.04	0.31	0.34	0.85	0.12	1.00	0.26	0.18	0.14	0.45	0.16	0.25	0.10	0.21	0.04	0.53	0.27	0.35	0.09	0.24	0.07	0.22	0.10	0.15	0.12
ALIZY	-0.00	0.08	0.07	0.23	0.17	0.26	0.07	0.10	0.21	0.33	0.26	1.00	0.17	0.25	0.26	0.40	0.15	0.26	0.19	0.16	0.27	0.19	0.20	0.16	0.24	0.23	0.49	0.26	0.20	0.26
PDO	0.01	0.10	0.15	0.16	0.22	0.19	0.12	0.16	0.20	0.23	0.18	0.17	1.00	0.19	0.27	0.31	0.20	0.26	0.26	0.23	0.27	0.28	0.27	0.28	0.25	0.31	0.27	0.24	0.23	0.26
SMNEY	0.08	0.09	0.11	0.19	0.12	0.09	0.22	0.18	0.13	0.22	0.14	0.25	0.19	1.00	0.21	0.34	0.33	0.20	0.24	0.32	0.23	0.32	0.22	0.40	0.31	0.37	0.38	0.32	0.30	0.31
BKNG	-0.03	0.01	0.09	0.04	0.11	0.06	0.37	0.44	0.49	0.18	0.45	0.26	0.27	0.21	1.00	0.26	0.33	0.18	0.29	0.17	0.47	0.36	0.40	0.21	0.35	0.24	0.32	0.24	0.24	0.25
RYCEY	-0.00	0.17	0.07	0.18	0.16	0.27	0.15	0.11	0.14	0.25	0.16	0.40	0.31	0.34	0.26	1.00	0.25	0.32	0.28	0.31	0.29	0.30	0.28	0.36	0.29	0.33	0.45	0.36	0.30	0.33
MSFT	-0.01	-0.06	0.08	0.09	0.06	0.07	0.45	0.26	0.28	0.15	0.25	0.15	0.20	0.33	0.33	0.25	1.00	0.20	0.36	0.27	0.30	0.50	0.39	0.46	0.50	0.36	0.31	0.25	0.26	0.26
FCX	0.03	0.03	0.00	0.21	0.13	0.50	0.01	0.06	0.07	0.35	0.10	0.26	0.26	0.20	0.18	0.32	0.20	1.00	0.29	0.43	0.27	0.28	0.29	0.36	0.31	0.41	0.48	0.45	0.47	0.51
GOOGL	-0.08	0.01	0.06	0.14	0.16	0.15	0.19	0.21	0.19	0.22	0.21	0.19	0.26	0.24	0.29	0.28	0.36	0.29	1.00	0.36	0.35	0.48	0.37	0.41	0.57	0.41	0.39	0.38	0.42	0.44
MU	-0.01	-0.01	-0.04	0.21	0.14	0.21	0.12	0.18	0.00	0.28	0.04	0.16	0.23	0.32	0.17	0.31	0.27	0.43	0.36	1.00	0.24	0.31	0.27	0.52	0.39	0.58	0.43	0.56	0.61	0.70
AXP	-0.02	0.06	0.12	0.14	0.18	0.05	0.32	0.33	0.53	0.22	0.53	0.27	0.27	0.23	0.47	0.29	0.30	0.27	0.35	0.24	1.00	0.37	0.46	0.26	0.39	0.32	0.36	0.30	0.35	0.34
META	-0.03	-0.09	0.12	0.08	0.15	0.06	0.25	0.24	0.27	0.21	0.27	0.19	0.28	0.32	0.36	0.30	0.50	0.28	0.48	0.31	0.37	1.00	0.46	0.43	0.61	0.41	0.39	0.39	0.40	0.39
ISRG	0.01	0.02	0.16	0.15	0.30	0.17	0.40	0.32	0.34	0.24	0.35	0.20	0.27	0.22	0.40	0.28	0.39	0.29	0.37	0.27	0.46	0.46	1.00	0.35	0.40	0.34	0.33	0.39	0.41	0.42
AVGO	-0.00	-0.02	-0.00	0.15	0.10	0.20	0.21	0.17	0.04	0.25	0.09	0.16	0.28	0.40	0.21	0.36	0.46	0.36	0.41	0.52	0.26	0.43	0.35	1.00	0.44	0.61	0.41	0.53	0.56	0.58
AMZN	-0.03	-0.06	0.08	0.09	0.12	0.09	0.29	0.26	0.27	0.20	0.24	0.24	0.25	0.31	0.35	0.29	0.50	0.31	0.57	0.39	0.39	0.61	0.40	0.44	1.00	0.43	0.39	0.39	0.37	0.42
TSM	0.07	0.00	0.00	0.22	0.17	0.19	0.11	0.12	0.05	0.26	0.07	0.23	0.31	0.37	0.24	0.33	0.36	0.41	0.41	0.58	0.32	0.41	0.34	0.61	0.43	1.00	0.43	0.62	0.64	0.66
SIEGY	-0.00	0.05	0.02	0.24	0.21	0.28	0.16	0.17	0.20	0.38	0.22	0.49	0.27	0.38	0.32	0.45	0.31	0.48	0.39	0.43	0.36	0.39	0.33	0.41	0.39	0.43	1.00	0.50	0.43	0.49
ASML	0.06	0.02	0.07	0.20	0.18	0.25	0.10	0.11	0.07	0.27	0.10	0.26	0.24	0.32	0.24	0.36	0.25	0.45	0.38	0.56	0.30	0.39	0.39	0.53	0.39	0.62	0.50	1.00	0.78	0.79
KLAC	-0.00	0.04	0.03	0.20	0.15	0.25	0.13	0.12	0.11	0.26	0.15	0.20	0.23	0.30	0.24	0.30	0.26	0.47	0.42	0.61	0.35	0.40	0.41	0.56	0.37	0.64	0.43	0.78	1.00	0.87
LRCX	-0.01	0.00	0.00	0.21	0.19	0.26	0.11	0.10	0.08	0.29	0.12	0.26	0.26	0.31	0.25	0.33	0.26	0.51	0.44	0.70	0.34	0.39	0.42	0.58	0.42	0.66	0.49	0.79	0.87	1.00

The correlation results are calculated based on daily price changes starting from Sep 25, 2024

Diversification Analysis

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