2025 Big Bear Portfolio
Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | Precious Metals, Gold | 25% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | Canadian Government Bonds | 25% |
XLU Utilities Select Sector SPDR Fund | Utilities Equities | 25% |
ZAG.TO BMO Aggregate Bond Index ETF | Canadian Government Bonds | 25% |
Performance
Performance Chart
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The earliest data available for this chart is Jan 25, 2010, corresponding to the inception date of ZAG.TO
Returns By Period
As of May 25, 2025, the 2025 Big Bear Portfolio returned 11.60% Year-To-Date and 5.91% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC S&P 500 | -1.34% | 5.80% | -2.79% | 9.39% | 14.45% | 10.68% |
| 2025 Big Bear Portfolio | 11.60% | 1.29% | 8.44% | 17.89% | 7.19% | 5.91% |
| Portfolio components: | ||||||
CGL.TO iShares Gold Bullion ETF (CAD-Hedged) | 32.70% | 1.33% | 24.79% | 40.33% | 12.98% | 8.48% |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 2.38% | 0.07% | 4.33% | 10.26% | 3.89% | 3.78% |
XLU Utilities Select Sector SPDR Fund | 7.85% | 3.33% | 1.06% | 16.84% | 10.91% | 9.76% |
ZAG.TO BMO Aggregate Bond Index ETF | 4.65% | 0.43% | 4.09% | 5.56% | 0.06% | 0.65% |
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 | 2.10% | 1.98% | 2.55% | 3.65% | 0.84% | 11.60% | |||||||
| 2024 | -3.29% | -0.71% | 4.69% | -1.77% | 4.74% | -0.57% | 3.55% | 3.60% | 4.40% | -2.08% | 0.88% | -4.46% | 8.70% |
| 2023 | 4.21% | -5.94% | 5.68% | 1.16% | -2.97% | 2.44% | 0.62% | -4.04% | -4.62% | 0.57% | 6.90% | 5.82% | 9.13% |
| 2022 | -4.32% | 0.73% | 2.73% | -6.31% | 1.24% | -3.69% | 3.84% | -4.12% | -7.56% | 0.36% | 7.19% | -0.59% | -10.98% |
| 2021 | -2.23% | -4.76% | 2.52% | 3.55% | 3.39% | -3.37% | 2.03% | -0.10% | -3.54% | 2.88% | -2.30% | 6.02% | 3.49% |
| 2020 | 3.31% | -3.37% | -8.23% | 6.60% | 2.90% | 2.35% | 6.52% | 0.11% | -1.90% | 0.37% | 1.45% | 3.94% | 13.86% |
| 2019 | 5.42% | 0.80% | 0.84% | -0.45% | 0.80% | 5.86% | -0.34% | 3.96% | -0.04% | 0.56% | -1.41% | 2.54% | 19.84% |
| 2018 | 0.75% | -4.53% | 1.49% | -0.26% | -0.58% | -0.81% | -0.17% | 0.14% | -0.27% | -1.14% | 0.82% | -0.82% | -5.37% |
| 2017 | 3.74% | 1.15% | -0.07% | -0.03% | 2.45% | 1.27% | 2.49% | 2.93% | -2.40% | -0.65% | 1.33% | 0.99% | 13.84% |
| 2016 | 2.05% | 6.30% | 5.21% | 3.39% | -3.79% | 6.56% | 0.38% | -2.60% | 0.22% | -2.88% | -5.23% | 0.55% | 9.72% |
| 2015 | -1.05% | -1.89% | -2.09% | 2.53% | -2.01% | -2.61% | -2.70% | -1.25% | -0.88% | 1.87% | -3.58% | -1.36% | -14.19% |
| 2014 | -0.15% | 3.11% | -0.01% | 2.17% | 0.78% | 4.07% | -3.76% | 2.31% | -4.58% | 1.12% | 0.22% | 0.61% | 5.68% |
Expense Ratio
2025 Big Bear Portfolio has an expense ratio of 0.24%, 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.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 92, 2025 Big Bear Portfolio 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.
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) | 1.95 | 2.63 | 1.34 | 1.93 | 9.82 |
XLB.TO iShares Core Canadian Long Term Bond Index ETF | 0.82 | 1.50 | 1.17 | 1.27 | 3.38 |
XLU Utilities Select Sector SPDR Fund | 1.03 | 1.52 | 1.20 | 1.76 | 4.44 |
ZAG.TO BMO Aggregate Bond Index ETF | 0.76 | 1.36 | 1.16 | 0.39 | 1.81 |
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Dividends
Dividend yield
2025 Big Bear Portfolio provided a 4.28% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.28% | 4.63% | 4.77% | 4.90% | 3.67% | 3.36% | 2.29% | 2.45% | 2.43% | 2.52% | 2.61% | 2.58% |
| 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 | 10.84% | 12.10% | 12.22% | 13.13% | 8.82% | 7.43% | 3.18% | 3.56% | 3.45% | 3.62% | 3.64% | 3.90% |
XLU Utilities Select Sector SPDR Fund | 2.81% | 2.96% | 3.39% | 2.92% | 2.79% | 3.14% | 2.95% | 3.33% | 3.33% | 3.42% | 3.67% | 3.19% |
ZAG.TO BMO Aggregate Bond Index ETF | 3.48% | 3.44% | 3.47% | 3.56% | 3.04% | 2.88% | 3.03% | 2.92% | 2.95% | 3.07% | 3.13% | 3.23% |
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 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 22.78%, occurring on Jan 18, 2016. Recovery took 417 trading sessions.
The current 2025 Big Bear Portfolio drawdown is 0.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.78% | Oct 5, 2012 | 840 | Jan 18, 2016 | 417 | Sep 1, 2017 | 1257 |
| -22.07% | Feb 24, 2020 | 18 | Mar 18, 2020 | 86 | Jul 17, 2020 | 104 |
| -20.27% | Jan 3, 2022 | 206 | Oct 20, 2022 | 400 | May 15, 2024 | 606 |
| -9.07% | Sep 8, 2017 | 332 | Dec 24, 2018 | 112 | Jun 4, 2019 | 444 |
| -8.12% | Sep 19, 2011 | 12 | Oct 4, 2011 | 81 | Jan 27, 2012 | 93 |
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 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
| ^GSPC | XLU | CGL.TO | XLB.TO | ZAG.TO | Portfolio | |
|---|---|---|---|---|---|---|
| ^GSPC | 1.00 | 0.45 | 0.20 | 0.18 | 0.35 | 0.38 |
| XLU | 0.45 | 1.00 | 0.20 | 0.25 | 0.30 | 0.58 |
| CGL.TO | 0.20 | 0.20 | 1.00 | 0.51 | 0.62 | 0.79 |
| XLB.TO | 0.18 | 0.25 | 0.51 | 1.00 | 0.83 | 0.77 |
| ZAG.TO | 0.35 | 0.30 | 0.62 | 0.83 | 1.00 | 0.83 |
| Portfolio | 0.38 | 0.58 | 0.79 | 0.77 | 0.83 | 1.00 |