Stocks 2

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

Stocks 2

Currency in USD · Last updated Jun 3, 2025

Asset Allocation

Position	Category/Sector	Target Weight
DOCN DigitalOcean Holdings, Inc.	Technology	8.33%
FARO FARO Technologies, Inc.	Technology	8.33%
FRSH Freshworks Inc.	Technology	8.33%
JNPR Juniper Networks, Inc.	Technology	8.33%
ONTO Onto Innovation Inc.	Technology	8.33%
PANW Palo Alto Networks, Inc.	Technology	8.33%
PEGA Pegasystems Inc.	Technology	8.33%
PLTR Palantir Technologies Inc.	Technology	8.33%
SMCI Super Micro Computer, Inc.	Technology	8.33%
SOUN SoundHound AI Inc	Technology	8.33%
TWLO Twilio Inc.	Communication Services	8.33%
UPST Upstart Holdings, Inc.	Financial Services	8.33%

Benchmark

S&P 500

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Apr 28, 2022, corresponding to the inception date of SOUN

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	0.92%	4.38%	-1.84%	12.48%	13.71%	10.99%
Stocks 2	5.16%	6.35%	31.94%	92.26%	N/A	N/A
Portfolio components:
ONTO Onto Innovation Inc.	-44.35%	-27.02%	-46.25%	-56.96%	23.24%	19.37%
PANW Palo Alto Networks, Inc.	7.09%	3.81%	-0.73%	32.34%	38.02%	21.01%
PEGA Pegasystems Inc.	4.11%	5.21%	1.59%	67.88%	-0.36%	16.09%
UPST Upstart Holdings, Inc.	-22.20%	-4.35%	-34.19%	98.59%	N/A	N/A
FRSH Freshworks Inc.	-7.11%	2.18%	-6.01%	17.90%	N/A	N/A
FARO FARO Technologies, Inc.	67.23%	37.65%	60.28%	136.93%	-6.48%	-0.29%
TWLO Twilio Inc.	10.66%	19.47%	11.46%	108.84%	-9.84%	N/A
SOUN SoundHound AI Inc	-49.75%	6.18%	12.27%	108.58%	N/A	N/A
PLTR Palantir Technologies Inc.	74.59%	6.24%	86.08%	519.32%	N/A	N/A
SMCI Super Micro Computer, Inc.	35.17%	22.22%	2.46%	-46.53%	71.55%	28.46%
DOCN DigitalOcean Holdings, Inc.	-16.70%	-12.84%	-27.02%	-22.52%	N/A	N/A
JNPR Juniper Networks, Inc.	-3.04%	-1.47%	2.40%	3.65%	11.01%	5.35%

*Annualized

Monthly Returns

The table below presents the monthly returns of Stocks 2, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2025	9.58%	-4.31%	-15.17%	7.82%	9.10%	0.51%							5.16%
2024	5.32%	35.56%	-3.02%	-11.40%	1.56%	-0.85%	2.22%	0.70%	1.25%	2.83%	32.83%	27.23%	123.73%
2023	12.33%	13.18%	2.01%	-9.59%	34.54%	15.33%	11.25%	-17.98%	-6.89%	-10.55%	23.04%	8.62%	84.80%
2022				-4.08%	-4.60%	-17.09%	6.25%	-2.03%	-9.42%	8.89%	1.10%	-4.10%	-24.46%

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Expense Ratio

Stocks 2 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.

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 92, Stocks 2 is among the top 8% of portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Portfolio components

	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
ONTO Onto Innovation Inc.	-0.79	-1.10	0.85	-0.94	-1.90
PANW Palo Alto Networks, Inc.	0.90	1.25	1.16	1.01	3.01
PEGA Pegasystems Inc.	1.28	2.00	1.29	1.43	3.91
UPST Upstart Holdings, Inc.	0.90	2.18	1.26	1.37	3.91
FRSH Freshworks Inc.	0.34	0.75	1.09	0.18	0.60
FARO FARO Technologies, Inc.	1.76	3.56	1.43	2.10	12.98
TWLO Twilio Inc.	2.17	2.73	1.40	1.93	6.31
SOUN SoundHound AI Inc	0.84	2.14	1.25	1.51	2.96
PLTR Palantir Technologies Inc.	7.13	5.35	1.73	13.06	39.42
SMCI Super Micro Computer, Inc.	-0.42	-0.08	0.99	-0.60	-0.96
DOCN DigitalOcean Holdings, Inc.	-0.40	-0.20	0.97	-0.44	-1.14
JNPR Juniper Networks, Inc.	0.26	0.68	1.12	0.54	1.28

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.

Stocks 2 Sharpe ratios as of Jun 3, 2025 (values are recalculated daily):

1-Year: 1.96
All Time: 1.02

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 0.59 to 1.14, 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 Stocks 2 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend yield

Stocks 2 provided a 0.21% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	0.21%	0.20%	0.27%	0.25%	0.20%	0.30%	0.27%	0.24%	0.14%	0.15%	0.16%	0.12%
Portfolio components:
ONTO Onto Innovation 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%
PANW Palo Alto Networks, 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%
PEGA Pegasystems Inc.	0.12%	0.10%	0.25%	0.35%	0.11%	0.09%	0.15%	0.25%	0.25%	0.33%	0.44%	0.51%
UPST Upstart Holdings, 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%
FRSH Freshworks 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%
FARO FARO Technologies, 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%
TWLO Twilio 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%
SOUN SoundHound AI 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%
PLTR Palantir Technologies 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%
SMCI Super Micro Computer, 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%
DOCN DigitalOcean Holdings, 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%
JNPR Juniper Networks, Inc.	2.45%	2.35%	2.99%	2.63%	2.24%	3.55%	3.09%	2.68%	1.40%	1.42%	1.45%	0.90%

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 Stocks 2. 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 Stocks 2 was 38.76%, occurring on Dec 28, 2022. Recovery took 103 trading sessions.

The current Stocks 2 drawdown is 12.21%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-38.76%	May 5, 2022	164	Dec 28, 2022	103	May 26, 2023	267
-35.41%	Feb 19, 2025	35	Apr 8, 2025	—	—	—
-33.58%	Aug 2, 2023	63	Oct 30, 2023	67	Feb 6, 2024	130
-27.49%	Mar 14, 2024	101	Aug 7, 2024	66	Nov 8, 2024	167
-12.19%	Feb 16, 2024	3	Feb 21, 2024	4	Feb 27, 2024	7

Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

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 12 assets, with an effective number of assets of 12.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

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

	^GSPC	JNPR	SOUN	SMCI	FARO	PANW	ONTO	FRSH	UPST	PEGA	TWLO	DOCN	PLTR	Portfolio
^GSPC	1.00	0.48	0.35	0.46	0.52	0.58	0.66	0.54	0.56	0.59	0.57	0.57	0.63	0.69
JNPR	0.48	1.00	0.14	0.24	0.30	0.31	0.32	0.33	0.30	0.33	0.32	0.32	0.27	0.37
SOUN	0.35	0.14	1.00	0.28	0.31	0.26	0.26	0.32	0.42	0.31	0.33	0.34	0.38	0.66
SMCI	0.46	0.24	0.28	1.00	0.31	0.32	0.51	0.26	0.32	0.31	0.30	0.35	0.39	0.61
FARO	0.52	0.30	0.31	0.31	1.00	0.32	0.45	0.44	0.45	0.46	0.50	0.48	0.41	0.57
PANW	0.58	0.31	0.26	0.32	0.32	1.00	0.41	0.48	0.40	0.48	0.50	0.46	0.52	0.57
ONTO	0.66	0.32	0.26	0.51	0.45	0.41	1.00	0.34	0.40	0.38	0.41	0.43	0.47	0.58
FRSH	0.54	0.33	0.32	0.26	0.44	0.48	0.34	1.00	0.51	0.58	0.62	0.60	0.52	0.62
UPST	0.56	0.30	0.42	0.32	0.45	0.40	0.40	0.51	1.00	0.53	0.55	0.57	0.62	0.70
PEGA	0.59	0.33	0.31	0.31	0.46	0.48	0.38	0.58	0.53	1.00	0.62	0.56	0.59	0.64
TWLO	0.57	0.32	0.33	0.30	0.50	0.50	0.41	0.62	0.55	0.62	1.00	0.62	0.58	0.64
DOCN	0.57	0.32	0.34	0.35	0.48	0.46	0.43	0.60	0.57	0.56	0.62	1.00	0.60	0.67
PLTR	0.63	0.27	0.38	0.39	0.41	0.52	0.47	0.52	0.62	0.59	0.58	0.60	1.00	0.75
Portfolio	0.69	0.37	0.66	0.61	0.57	0.57	0.58	0.62	0.70	0.64	0.64	0.67	0.75	1.00

The correlation results are calculated based on daily price changes starting from Apr 29, 2022

Go to the full Correlations tool for more customization options

Performance Analysis

Risk Analysis

Optimization

Factor Model

Stocks 2

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Expense Ratio

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

Risk-Adjusted Performance Indicators

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table

Performance Analysis

Risk Analysis

Optimization

Factor Model

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