2025 Big Bear Portfolio
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | Precious Metals, Gold | 25% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | Precious Metals | 25% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | Canadian Government Bonds | 25% |
XLU Utilities Select Sector SPDR Fund | Utilities Equities | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 2025 Big Bear 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.
The earliest data available for this chart is May 28, 2009, corresponding to the inception date of CGL.TO
Returns By Period
As of Apr 22, 2025, the 2025 Big Bear Portfolio returned 21.53% Year-To-Date and 8.63% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -10.10% | -6.70% | -9.63% | 5.53% | 13.63% | 9.61% |
| 2025 Big Bear Portfolio | 21.61% | 7.34% | 9.99% | 34.51% | 9.67% | 8.64% |
| Portfolio components: | ||||||
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 32.66% | 15.29% | 21.26% | 40.99% | 12.95% | 8.17% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 2.02% | 0.32% | 2.27% | 13.74% | 4.40% | 3.11% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 50.49% | 13.81% | 17.09% | 61.09% | 9.05% | 10.92% |
XLU Utilities Select Sector SPDR Fund | 3.78% | -0.25% | -2.63% | 21.74% | 9.34% | 8.98% |
Monthly Returns
The table below presents the monthly returns of 2025 Big Bear Portfolio, 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 | 5.90% | 2.33% | 6.55% | 5.32% | 21.61% | ||||||||
| 2024 | -4.91% | -1.99% | 8.84% | 0.42% | 5.56% | -1.51% | 6.46% | 3.61% | 4.37% | -1.11% | -0.93% | -5.76% | 12.57% |
| 2023 | 5.89% | -8.56% | 9.10% | 1.83% | -4.51% | 1.23% | 1.65% | -5.02% | -5.87% | 2.02% | 7.87% | 4.43% | 8.60% |
| 2022 | -4.35% | 3.93% | 6.53% | -6.80% | -1.47% | -5.67% | 0.70% | -4.69% | -5.73% | 0.13% | 10.57% | -0.01% | -8.12% |
| 2021 | -2.83% | -6.76% | 4.34% | 4.30% | 6.38% | -6.32% | 2.93% | -1.52% | -5.30% | 4.09% | -1.23% | 5.99% | 2.77% |
| 2020 | 3.16% | -5.11% | -8.88% | 15.43% | 2.74% | 3.43% | 10.01% | -0.50% | -3.24% | -0.38% | -1.51% | 4.06% | 18.31% |
| 2019 | 5.81% | 0.55% | 0.95% | -2.07% | 1.42% | 9.65% | 0.29% | 7.48% | -2.64% | 2.14% | -2.18% | 4.68% | 28.39% |
| 2018 | 0.88% | -6.38% | 2.25% | 0.21% | -0.51% | -0.86% | -1.22% | -3.30% | -0.46% | -0.06% | 1.17% | 2.18% | -6.24% |
| 2017 | 6.34% | 0.27% | -0.27% | -0.42% | 2.46% | -0.21% | 2.97% | 4.61% | -3.72% | -1.09% | 0.95% | 1.21% | 13.48% |
| 2016 | 4.11% | 14.17% | 5.10% | 9.88% | -6.46% | 11.73% | 2.33% | -6.93% | 1.13% | -3.97% | -8.43% | 1.04% | 22.76% |
| 2015 | 5.51% | -3.40% | -5.93% | 4.51% | -2.22% | -4.69% | -7.37% | -0.18% | -1.31% | 4.02% | -5.24% | -0.97% | -16.83% |
| 2014 | 3.30% | 5.33% | -2.41% | 2.49% | -1.50% | 7.90% | -3.98% | 2.85% | -8.83% | -3.74% | 1.13% | 1.13% | 2.52% |
Expense Ratio
2025 Big Bear Portfolio has an expense ratio of 0.37%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, 2025 Big Bear Portfolio is among the top 4% 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.
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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 2.08 | 2.75 | 1.36 | 1.73 | 9.74 |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 1.06 | 1.62 | 1.19 | 1.11 | 3.77 |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 1.62 | 2.14 | 1.29 | 1.15 | 5.57 |
XLU Utilities Select Sector SPDR Fund | 1.25 | 1.72 | 1.23 | 2.04 | 5.19 |
Dividends
Dividend yield
2025 Big Bear Portfolio provided a 3.58% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.58% | 4.00% | 4.28% | 4.46% | 3.25% | 2.73% | 1.67% | 1.78% | 1.73% | 1.78% | 1.97% | 1.94% |
| Portfolio components: | ||||||||||||
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 10.75% | 12.10% | 12.22% | 13.13% | 8.82% | 7.43% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% | 3.90% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.65% | 0.93% | 1.49% | 1.80% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.09% | 0.57% | 0.68% |
XLU Utilities Select Sector SPDR Fund | 2.92% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.42% | 3.67% | 3.19% |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the 2025 Big Bear 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 2025 Big Bear Portfolio was 40.02%, occurring on Jan 19, 2016. Recovery took 910 trading sessions.
The current 2025 Big Bear Portfolio drawdown is 0.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.02% | Oct 5, 2012 | 841 | Jan 19, 2016 | 910 | Aug 8, 2019 | 1751 |
| -26.03% | Apr 14, 2022 | 134 | Oct 20, 2022 | 400 | May 15, 2024 | 534 |
| -24.56% | Feb 25, 2020 | 19 | Mar 20, 2020 | 40 | May 18, 2020 | 59 |
| -13.64% | Sep 9, 2011 | 175 | May 16, 2012 | 89 | Sep 19, 2012 | 264 |
| -12.76% | Aug 7, 2020 | 142 | Feb 26, 2021 | 55 | May 17, 2021 | 197 |
Volatility
Volatility Chart
The current 2025 Big Bear Portfolio volatility is 7.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 4.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| XLU | XLB.TO | XGD.TO | CGL.TO | |
|---|---|---|---|---|
| XLU | 1.00 | 0.25 | 0.22 | 0.21 |
| XLB.TO | 0.25 | 1.00 | 0.38 | 0.52 |
| XGD.TO | 0.22 | 0.38 | 1.00 | 0.74 |
| CGL.TO | 0.21 | 0.52 | 0.74 | 1.00 |