Asset Allocation
Find the right asset allocation for complete 5X
Add portfolio to the optimizer to find optimal allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
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Performance Chart
The chart shows the growth of an initial investment of $10,000 in complete 5X, 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
| Position | 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.30% | 0.09% | 8.18% | 8.17% | 23.42% | 19.88% | 11.91% | 13.45% |
Portfolio complete 5X | 0.11% | -2.25% | 6.35% | 9.44% | 25.87% | 22.57% | 13.14% | — |
| Portfolio components: | ||||||||
BARIX Baron Asset Fund Institutional Class | -1.05% | 8.19% | 1.25% | 0.95% | 4.40% | 10.44% | 2.99% | 11.26% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | -1.21% | 3.62% | 11.87% | 14.41% | 21.04% | 21.66% | 12.77% | 8.32% |
BRK-B Berkshire Hathaway Inc. | -0.23% | 2.32% | -3.11% | -2.06% | -1.32% | 13.25% | 11.03% | 13.14% |
DFIVX DFA International Value Portfolio | -2.30% | -0.98% | 10.28% | 13.96% | 33.30% | 23.24% | 13.59% | 11.32% |
EDEN iShares MSCI Denmark ETF | -1.08% | -3.88% | -5.83% | -2.08% | -6.41% | 2.17% | 1.47% | 8.44% |
FAGIX Fidelity Capital & Income Fund | -1.47% | 0.16% | 6.93% | 7.48% | 16.45% | 12.79% | 6.79% | 7.88% |
FCNTX Fidelity Contrafund | -2.98% | 0.19% | 6.03% | 6.20% | 19.84% | 26.22% | 14.50% | 17.20% |
FDIVX Fidelity Diversified International Fund | -3.73% | -1.89% | 7.71% | 9.86% | 17.46% | 15.46% | 6.71% | 8.80% |
FFRHX Fidelity Floating Rate High Income Fund | -0.11% | 0.33% | 1.82% | 2.24% | 5.90% | 7.48% | 5.42% | 4.91% |
FOCPX Fidelity OTC Portfolio | -5.07% | 0.14% | 21.95% | 20.43% | 51.59% | 32.83% | 18.08% | 22.02% |
Monthly Returns
Based on dividend-adjusted daily data since May 25, 2021, complete 5X's average daily return is +0.05%, while the average monthly return is +1.06%. At this rate, an investment would double in approximately 5.5 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2022 with a return of +6.8%, while the worst month was Jun 2022 at -6.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.
On a daily basis, complete 5X closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +5.5%, while the worst single day was Jan 30, 2026 at -4.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.28% | 3.06% | -6.30% | 5.51% | 2.67% | -2.51% | 6.35% | ||||||
| 2025 | 3.96% | 0.06% | 0.01% | 1.52% | 3.79% | 3.41% | 0.61% | 3.00% | 4.58% | 1.36% | 2.30% | 3.51% | 31.86% |
| 2024 | 0.93% | 3.97% | 4.31% | -1.84% | 4.66% | 0.51% | 1.98% | 1.75% | 2.01% | -0.30% | 2.08% | -1.92% | 19.40% |
| 2023 | 5.70% | -2.80% | 4.34% | 1.76% | -1.24% | 3.71% | 3.08% | -1.35% | -3.18% | 0.10% | 6.45% | 3.16% | 20.91% |
| 2022 | -3.50% | -0.18% | 1.52% | -6.02% | -0.98% | -6.53% | 4.54% | -3.95% | -5.60% | 4.08% | 6.76% | -1.47% | -11.72% |
| 2021 | 0.49% | -0.65% | 1.31% | 1.52% | -3.41% | 4.62% | -1.73% | 2.45% | 4.49% |
Benchmark Metrics
complete 5X has an annualized alpha of 5.45%, beta of 0.62, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since May 25, 2021.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (69.96%) than losses (57.25%) - typical of diversified or defensive assets.
- This portfolio generated an annualized alpha of 5.45% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.62 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
- 5.45%
- Beta
- 0.62
- R²
- 0.75
- Upside Capture
- 69.96%
- Downside Capture
- 57.25%
Expense Ratio
complete 5X has an expense ratio of 0.54%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Top 10 holdings
Return for Risk
Risk / Return Rank
complete 5X ranks 41 for risk / return — on par with similar Portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below presents risk-adjusted performance metrics for complete 5X and compares them with S&P 500 Index.
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 2.03 | 1.94 | +0.10 |
| Sortino ratioReturn per unit of downside risk | 2.57 | 2.63 | -0.05 |
| Omega ratioGain probability vs. loss probability | 1.39 | 1.35 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.59 | -0.05 |
| Martin ratioReturn relative to average drawdown | 9.41 | 11.84 | -2.43 |
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 |
|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 5 | 0.30 | 0.66 | 1.07 | 0.46 | 0.94 |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 91 | 3.05 | 4.48 | 1.58 | 6.00 | 16.98 |
BRK-B Berkshire Hathaway Inc. | 35 | -0.09 | -0.03 | 1.00 | -0.14 | -0.30 |
DFIVX DFA International Value Portfolio | 72 | 2.42 | 3.24 | 1.43 | 3.54 | 13.92 |
EDEN iShares MSCI Denmark ETF | 6 | -0.31 | -0.29 | 0.96 | -0.30 | -0.63 |
FAGIX Fidelity Capital & Income Fund | 87 | 2.68 | 3.80 | 1.53 | 4.80 | 20.14 |
FCNTX Fidelity Contrafund | 30 | 1.49 | 2.06 | 1.27 | 1.89 | 8.00 |
FDIVX Fidelity Diversified International Fund | 18 | 1.04 | 1.54 | 1.19 | 1.45 | 5.65 |
FFRHX Fidelity Floating Rate High Income Fund | 91 | 2.51 | 5.98 | 1.89 | 4.97 | 17.53 |
FOCPX Fidelity OTC Portfolio | 86 | 2.92 | 3.58 | 1.50 | 4.77 | 20.93 |
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Dividends
Dividend yield
complete 5X provided a 3.42% dividend yield over the last twelve months.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.42% | 3.78% | 4.17% | 2.33% | 2.76% | 4.04% | 2.09% | 2.70% | 3.40% | 2.41% | 1.77% | 2.35% |
| Portfolio components: | ||||||||||||
BARIX Baron Asset Fund Institutional Class | 10.46% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
BDMIX BlackRock Global Long/Short Equity Fund Class I | 7.99% | 8.94% | 13.26% | 7.42% | 0.00% | 1.23% | 0.30% | 6.78% | 0.94% | 0.00% | 0.00% | 1.86% |
BRK-B Berkshire Hathaway 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% |
DFIVX DFA International Value Portfolio | 3.82% | 4.21% | 3.94% | 4.40% | 3.78% | 4.37% | 2.42% | 3.70% | 6.60% | 2.85% | 3.36% | 3.45% |
EDEN iShares MSCI Denmark ETF | 2.96% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
FAGIX Fidelity Capital & Income Fund | 4.49% | 4.74% | 5.02% | 5.28% | 10.25% | 6.08% | 4.59% | 5.00% | 5.67% | 5.05% | 4.57% | 4.51% |
FCNTX Fidelity Contrafund | 4.40% | 5.21% | 4.19% | 3.78% | 11.87% | 10.80% | 8.01% | 4.16% | 7.46% | 6.08% | 3.81% | 5.33% |
FDIVX Fidelity Diversified International Fund | 9.92% | 10.69% | 3.93% | 4.29% | 1.34% | 10.59% | 0.97% | 1.32% | 7.32% | 4.22% | 1.36% | 0.46% |
FFRHX Fidelity Floating Rate High Income Fund | 7.09% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
FOCPX Fidelity OTC Portfolio | 6.38% | 7.78% | 16.76% | 0.05% | 4.06% | 11.53% | 6.23% | 7.58% | 7.93% | 4.86% | 3.24% | 5.41% |
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 complete 5X. 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 complete 5X was 20.96%, occurring on Sep 27, 2022. Recovery took 288 trading sessions.
The current complete 5X drawdown is 3.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -20.96%Sep 2022 | 10mo 16d | 1y 1mo | 2y 2dNov 2021 - Nov 2023 |
2026 correction2026 | -10.24%Mar 2026 | 1mo 29d | 1mo 12d | 3mo 11dJan 2026 - May 2026 |
2025 selloff2025 | -9.34%Apr 2025 | 1mo 18d | 24d | 2mo 12dFeb 2025 - May 2025 |
2024 pullback2024 | -6.19%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 |
2021 pullback2021 | -4.28%Sep 2021 | 23d | 20d | 1mo 13dSep 2021 - Oct 2021 |
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 29 assets, with an effective number of assets of 16.54, reflecting the diversification based on asset allocation. Your allocation shows noticeable concentration: a few holdings carry significantly more weight than the rest. Rebalancing toward more even weights — or adding less correlated assets — could reduce risk.
Diversification Ratio
1Y | 3Y | 5Y | All Time | |
|---|---|---|---|---|
Diversification Ratio | 1.43 | 1.47 | 1.43 | 1.43 |
The portfolio has a diversification ratio of 1.43, in line with the typical range across portfolios. There's room to improve by adding less correlated assets.
complete 5X correlation to the S&P 500 Index
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.85 |
Benchmark Correlations
Correlation vs. S&P 500 Index. FXAIX has the highest benchmark correlation at 1.00, while VMNFX has the lowest at -0.01.
Portfolio Correlations
Correlation vs. complete 5X. VTIVX has the highest portfolio correlation at 0.91, while VMNFX has the lowest at -0.01.
Asset Correlations Table
Find what complete 5X is missing
See which holdings overlap, where complete 5X is concentrated, and which low-correlation assets could fill the gaps.
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