2026 Gemini Portfolio

Asset Allocation

Position	Category/Sector	Target Weight
AVUV Avantis US Small Cap Value ETF	Small Cap Value Equities	6%
BRK-B Berkshire Hathaway Inc.	Financial Services	6%
COPX Global X Copper Miners ETF	Materials	3%
DBMF iM DBi Managed Futures Strategy ETF	Hedge Fund, Actively Managed	6%
DIVO Amplify CWP Enhanced Dividend Income ETF	Derivative Income	6%
IAU iShares Gold Trust	Gold, Precious Metals	3%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	Derivative Income	6%
NEM Newmont Goldcorp Corporation	Basic Materials	3%
QQQM Invesco NASDAQ 100 ETF	Large Cap Growth Equities	6%
SCHD Schwab U.S. Dividend Equity ETF	Dividend	10%
SGOV iShares 0-3 Month Treasury Bond ETF	Ultrashort Bond	6%
SLV iShares Silver Trust	Precious Metals	2%
SMH VanEck Semiconductor ETF	Semiconductors, Technology Equities	6%
VTI Vanguard Total Stock Market ETF	Large Cap Blend Equities	25%
VXUS Vanguard Total International Stock ETF	Foreign Large Cap Equities	6%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in 2026 Gemini 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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The earliest data available for this chart is May 4, 2022, corresponding to the inception date of JEPQ

Returns By Period

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio 2026 Gemini Portfolio	-0.08%	-2.62%	2.75%	7.93%	28.27%	20.07%	—	—
Portfolio components:
VTI Vanguard Total Stock Market ETF	0.16%	-3.26%	-3.13%	-1.24%	17.86%	18.10%	10.66%	13.75%
SCHD Schwab U.S. Dividend Equity ETF	0.16%	-2.44%	12.35%	13.88%	13.89%	11.70%	8.35%	12.30%
AVUV Avantis US Small Cap Value ETF	0.68%	-0.56%	9.54%	12.30%	27.33%	16.21%	10.57%	—
VXUS Vanguard Total International Stock ETF	-0.68%	-2.51%	2.81%	6.58%	28.04%	15.41%	7.43%	9.01%
DIVO Amplify CWP Enhanced Dividend Income ETF	0.16%	-2.94%	2.35%	5.61%	17.36%	13.86%	11.05%	—
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	0.13%	-1.64%	-1.76%	2.43%	19.67%	19.59%	—	—
DBMF iM DBi Managed Futures Strategy ETF	0.33%	0.36%	8.44%	15.46%	27.06%	10.31%	8.74%	—
SGOV iShares 0-3 Month Treasury Bond ETF	0.04%	0.32%	0.92%	1.92%	4.10%	4.81%	3.42%	—
IAU iShares Gold Trust	-1.94%	-8.32%	8.34%	21.05%	49.18%	32.68%	21.72%	14.14%
SLV iShares Silver Trust	-3.45%	-11.90%	2.13%	54.69%	113.88%	43.94%	23.23%	16.57%

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

Monthly Returns

Based on dividend-adjusted daily data since May 5, 2022, 2026 Gemini Portfolio's average daily return is +0.06%, while the average monthly return is +1.18%. At this rate, your investment would double in approximately 4.9 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2023 with a return of +6.9%, while the worst month was Jun 2022 at -8.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.

On a daily basis, 2026 Gemini Portfolio closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +8.0%, while the worst single day was Apr 4, 2025 at -5.3%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	4.74%	3.29%	-5.69%	0.71%									2.75%
2025	2.94%	-0.47%	-2.17%	-0.82%	4.14%	4.76%	1.06%	4.10%	4.59%	1.71%	1.97%	1.85%	26.06%
2024	0.69%	3.85%	4.45%	-2.13%	4.35%	1.43%	2.35%	1.65%	1.70%	-1.52%	3.93%	-3.42%	18.35%
2023	6.02%	-2.67%	2.64%	0.69%	-0.32%	5.26%	3.77%	-1.94%	-3.62%	-2.15%	6.93%	4.48%	19.97%
2022					-2.74%	-8.13%	5.78%	-3.78%	-6.85%	6.32%	6.87%	-3.97%	-7.56%

Benchmark Metrics

2026 Gemini Portfolio has an annualized alpha of 4.68%, beta of 0.82, and R² of 0.92 versus S&P 500 Index. Calculated based on daily prices since May 05, 2022.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (91.12%) than losses (76.59%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.68% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

Alpha: 4.68%

Beta: 0.82

R²: 0.92

Upside Capture: 91.12%

Downside Capture: 76.59%

Expense Ratio

2026 Gemini Portfolio has an expense ratio of 0.21%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

DBMF

iM DBi Managed Futures Strategy ETF

COPX

Global X Copper Miners ETF

DIVO

Amplify CWP Enhanced Dividend Income ETF

SLV

iShares Silver Trust

JEPQ

JPMorgan Nasdaq Equity Premium Income ETF

SMH

VanEck Semiconductor ETF

AVUV

Avantis US Small Cap Value ETF

IAU

iShares Gold Trust

QQQM

Invesco NASDAQ 100 ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

Return for Risk

Risk / Return Rank

2026 Gemini Portfolio ranks 81 for risk / return — in the top 81% 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

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.76	0.88	+0.88
Sortino ratio Return per unit of downside risk	2.46	1.37	+1.09
Omega ratio Gain probability vs. loss probability	1.38	1.21	+0.17
Calmar ratio Return relative to maximum drawdown	2.69	1.39	+1.30
Martin ratio Return relative to average drawdown	12.43	6.43	+6.00
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.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
VTI Vanguard Total Stock Market ETF	54	0.94	1.47	1.22	1.53	7.16
SCHD Schwab U.S. Dividend Equity ETF	40	0.89	1.34	1.19	1.09	3.69
AVUV Avantis US Small Cap Value ETF	63	1.17	1.73	1.24	1.90	7.48
VXUS Vanguard Total International Stock ETF	80	1.63	2.25	1.33	2.52	9.49
DIVO Amplify CWP Enhanced Dividend Income ETF	72	1.33	1.94	1.29	1.96	9.17
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	63	1.07	1.63	1.26	1.75	8.55
DBMF iM DBi Managed Futures Strategy ETF	94	2.25	3.05	1.48	4.38	18.76
SGOV iShares 0-3 Month Treasury Bond ETF	100	20.63	286.00	202.83	412.76	4,634.41
IAU iShares Gold Trust	80	1.78	2.21	1.33	2.58	9.32
SLV iShares Silver Trust	81	2.00	2.13	1.38	2.70	8.21

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.

2026 Gemini Portfolio Sharpe ratios as of Apr 3, 2026 (values are recalculated daily):

1-Year: 1.76
All Time: 1.00

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 0.98 to 1.66, 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 2026 Gemini Portfolio 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

2026 Gemini Portfolio provided a 2.66% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	2.66%	2.73%	2.69%	2.61%	2.80%	1.96%	1.36%	2.23%	1.56%	1.24%	1.02%	1.14%
Portfolio components:
VTI Vanguard Total Stock Market ETF	1.16%	1.12%	1.27%	1.44%	1.66%	1.21%	1.42%	1.78%	2.04%	1.71%	1.92%	1.98%
SCHD Schwab U.S. Dividend Equity ETF	3.45%	3.82%	3.64%	3.49%	3.39%	2.78%	3.16%	2.98%	3.06%	2.63%	2.89%	2.97%
AVUV Avantis US Small Cap Value ETF	1.39%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%	0.00%
VXUS Vanguard Total International Stock ETF	2.95%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%
DIVO Amplify CWP Enhanced Dividend Income ETF	6.47%	6.44%	4.70%	4.67%	4.76%	4.79%	4.91%	8.16%	5.27%	3.83%	0.00%	0.00%
JEPQ JPMorgan Nasdaq Equity Premium Income ETF	11.12%	10.53%	9.65%	10.03%	9.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DBMF iM DBi Managed Futures Strategy ETF	5.28%	5.91%	5.75%	2.91%	7.72%	10.38%	0.86%	9.35%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.95%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
IAU iShares Gold Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SLV iShares Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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 2026 Gemini 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 2026 Gemini Portfolio was 15.30%, occurring on Oct 12, 2022. Recovery took 160 trading sessions.

The current 2026 Gemini Portfolio drawdown is 5.15%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-15.3%	May 5, 2022	111	Oct 12, 2022	160	Jun 2, 2023	271
-14.54%	Feb 19, 2025	35	Apr 8, 2025	42	Jun 9, 2025	77
-8.43%	Aug 1, 2023	63	Oct 27, 2023	32	Dec 13, 2023	95
-8.3%	Jul 17, 2024	14	Aug 5, 2024	32	Sep 19, 2024	46
-8.27%	Feb 26, 2026	23	Mar 30, 2026	—	—	—

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 15 assets, with an effective number of assets of 9.26, reflecting the diversification based on asset allocation. This number of effective assets indicates a moderate level of diversification, where some assets may have a more significant influence on overall performance.

Asset Correlations Table

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

	Benchmark	SGOV	DBMF	IAU	SLV	NEM	BRK-B	COPX	SCHD	SMH	AVUV	JEPQ	DIVO	QQQM	VXUS	VTI	Portfolio
Benchmark	1.00	-0.01	0.09	0.14	0.25	0.27	0.54	0.51	0.69	0.80	0.73	0.93	0.80	0.94	0.76	0.99	0.93
SGOV	-0.01	1.00	-0.01	0.00	-0.02	-0.00	-0.03	-0.03	-0.02	-0.02	-0.05	-0.01	-0.04	-0.00	-0.04	-0.01	-0.02
DBMF	0.09	-0.01	1.00	0.08	0.11	0.08	-0.03	0.15	0.02	0.10	0.10	0.09	0.10	0.07	0.09	0.09	0.18
IAU	0.14	0.00	0.08	1.00	0.76	0.68	0.06	0.49	0.14	0.13	0.15	0.12	0.17	0.12	0.38	0.15	0.33
SLV	0.25	-0.02	0.11	0.76	1.00	0.67	0.09	0.61	0.20	0.24	0.24	0.22	0.24	0.23	0.46	0.25	0.44
NEM	0.27	-0.00	0.08	0.68	0.67	1.00	0.17	0.54	0.30	0.22	0.29	0.21	0.31	0.22	0.45	0.29	0.46
BRK-B	0.54	-0.03	-0.03	0.06	0.09	0.17	1.00	0.30	0.66	0.26	0.56	0.39	0.66	0.38	0.46	0.55	0.56
COPX	0.51	-0.03	0.15	0.49	0.61	0.54	0.30	1.00	0.45	0.49	0.54	0.47	0.51	0.47	0.75	0.53	0.70
SCHD	0.69	-0.02	0.02	0.14	0.20	0.30	0.66	0.45	1.00	0.42	0.80	0.50	0.83	0.51	0.63	0.71	0.75
SMH	0.80	-0.02	0.10	0.13	0.24	0.22	0.26	0.49	0.42	1.00	0.55	0.85	0.50	0.87	0.66	0.80	0.80
AVUV	0.73	-0.05	0.10	0.15	0.24	0.29	0.56	0.54	0.80	0.55	1.00	0.59	0.75	0.59	0.70	0.78	0.81
JEPQ	0.93	-0.01	0.09	0.12	0.22	0.21	0.39	0.47	0.50	0.85	0.59	1.00	0.64	0.97	0.69	0.91	0.85
DIVO	0.80	-0.04	0.10	0.17	0.24	0.31	0.66	0.51	0.83	0.50	0.75	0.64	1.00	0.63	0.68	0.81	0.81
QQQM	0.94	-0.00	0.07	0.12	0.23	0.22	0.38	0.47	0.51	0.87	0.59	0.97	0.63	1.00	0.69	0.93	0.86
VXUS	0.76	-0.04	0.09	0.38	0.46	0.45	0.46	0.75	0.63	0.66	0.70	0.69	0.68	0.69	1.00	0.78	0.86
VTI	0.99	-0.01	0.09	0.15	0.25	0.29	0.55	0.53	0.71	0.80	0.78	0.91	0.81	0.93	0.78	1.00	0.95
Portfolio	0.93	-0.02	0.18	0.33	0.44	0.46	0.56	0.70	0.75	0.80	0.81	0.85	0.81	0.86	0.86	0.95	1.00

The correlation results are calculated based on daily price changes starting from May 5, 2022

2026 Gemini Portfolio

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table