2023-2024 вар3

Performance

Risk-Adjusted Performance

Dividends

Drawdowns

Volatility

Diversification

2023-2024 вар3

Currency in USD · Last updated May 11, 2025

Asset Allocation

Position	Category/Sector	Target Weight
AEHR Aehr Test Systems	Technology	14.29%
GOOGL Alphabet Inc Class A	Communication Services	14.29%
LYTS LSI Industries Inc.	Technology	14.26%
MNSO MINISO Group Holding Limited	Consumer Cyclical	14.29%
MOD Modine Manufacturing Company	Consumer Cyclical	14.29%
NVO Novo Nordisk A/S	Healthcare	14.29%
SMCI Super Micro Computer, Inc.	Technology	14.29%

Benchmark

Rebalance

Performance

Performance Chart

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The earliest data available for this chart is Oct 15, 2020, corresponding to the inception date of MNSO

Returns By Period

	YTD	1M	6M	1Y	5Y*	10Y*
^GSPC S&P 500	-3.77%	7.44%	-5.60%	8.37%	14.12%	10.46%
2023-2024 вар3	-18.49%	7.69%	-12.47%	-18.63%	N/A	N/A
Portfolio components:
AEHR Aehr Test Systems	-49.19%	3.94%	-29.58%	-24.15%	40.35%	13.72%
GOOGL Alphabet Inc Class A	-19.22%	-0.05%	-14.16%	-8.99%	17.00%	19.05%
MNSO MINISO Group Holding Limited	-15.96%	27.81%	3.86%	-17.24%	N/A	N/A
MOD Modine Manufacturing Company	-18.30%	22.42%	-26.07%	-8.15%	87.48%	23.02%
SMCI Super Micro Computer, Inc.	4.95%	-5.02%	30.46%	-59.94%	65.91%	25.97%
NVO Novo Nordisk A/S	-22.31%	7.45%	-37.66%	-47.77%	17.48%	11.19%
LYTS LSI Industries Inc.	-17.57%	0.00%	-21.14%	1.32%	23.32%	8.76%

*Annualized

Monthly Returns

The table below presents the monthly returns of 2023-2024 вар3, 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	-5.66%	-2.24%	-14.92%	0.25%	3.63%								-18.49%
2024	7.10%	23.10%	9.09%	-0.97%	2.67%	-2.04%	9.62%	-8.83%	-2.28%	-2.77%	3.87%	3.87%	46.76%
2023	21.31%	5.84%	2.85%	-3.43%	22.40%	10.13%	15.42%	9.46%	-2.49%	-11.74%	5.49%	4.28%	105.60%
2022	-10.93%	-1.46%	-6.36%	-3.86%	5.40%	-4.16%	13.33%	13.84%	-8.61%	15.63%	38.37%	-7.51%	39.25%
2021	3.33%	3.52%	0.02%	3.80%	-0.41%	1.43%	15.51%	5.95%	24.68%	11.26%	-6.46%	5.02%	87.09%
2020										-9.47%	22.73%	17.87%	30.96%

Expense Ratio

2023-2024 вар3 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

The current rank of 2023-2024 вар3 is 1, meaning it’s performing worse than 99% of other 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
AEHR Aehr Test Systems	-0.27	0.23	1.03	-0.30	-0.68
GOOGL Alphabet Inc Class A	-0.32	-0.27	0.97	-0.35	-0.77
MNSO MINISO Group Holding Limited	-0.27	0.12	1.01	-0.26	-0.56
MOD Modine Manufacturing Company	-0.15	0.32	1.04	-0.19	-0.41
SMCI Super Micro Computer, Inc.	-0.53	-0.40	0.95	-0.72	-1.16
NVO Novo Nordisk A/S	-1.13	-1.63	0.79	-0.79	-1.49
LYTS LSI Industries Inc.	0.00	0.58	1.07	0.14	0.34

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.

2023-2024 вар3 Sharpe ratios as of May 11, 2025 (values are recalculated daily):

1-Year: -0.48
All Time: 1.58

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 0.41 to 0.94, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests weaker risk-adjusted returns than most portfolios, possibly due to lower returns, higher volatility, or both. It may be worth reviewing the allocation. You can use the Portfolio Optimization tool to explore options for improving the Sharpe ratio.

The chart below shows the rolling Sharpe ratio of 2023-2024 вар3 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend yield

2023-2024 вар3 provided a 1.04% dividend yield over the last twelve months.

	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Portfolio	1.04%	0.77%	0.63%	0.63%	0.82%	0.60%	0.78%	1.25%	0.72%	0.86%	0.33%	0.68%
Portfolio components:
AEHR Aehr Test Systems	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GOOGL Alphabet Inc Class A	0.52%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MNSO MINISO Group Holding Limited	3.06%	2.36%	2.02%	1.60%	1.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MOD Modine Manufacturing Company	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%
NVO Novo Nordisk A/S	2.45%	1.68%	1.00%	1.20%	1.34%	1.86%	2.14%	2.47%	2.12%	3.93%	1.31%	1.96%
LYTS LSI Industries Inc.	1.26%	1.03%	1.42%	1.63%	2.92%	2.34%	3.31%	6.31%	2.91%	2.05%	0.98%	2.80%

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 2023-2024 вар3. 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 2023-2024 вар3 was 35.79%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current 2023-2024 вар3 drawdown is 25.88%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-35.79%	Jul 18, 2024	182	Apr 8, 2025	—	—	—
-33.3%	Nov 5, 2021	138	May 24, 2022	64	Aug 25, 2022	202
-21.79%	Aug 26, 2022	21	Sep 26, 2022	28	Nov 3, 2022	49
-15.87%	Oct 12, 2023	14	Oct 31, 2023	63	Feb 1, 2024	77
-13.22%	Jul 22, 2021	20	Aug 18, 2021	12	Sep 3, 2021	32

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 7 assets, with an effective number of assets of 7.00, 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.

	^GSPC	NVO	MNSO	LYTS	MOD	SMCI	GOOGL	AEHR	Portfolio
^GSPC	1.00	0.35	0.31	0.36	0.52	0.47	0.71	0.47	0.65
NVO	0.35	1.00	0.12	0.08	0.16	0.19	0.27	0.17	0.34
MNSO	0.31	0.12	1.00	0.14	0.21	0.20	0.26	0.23	0.49
LYTS	0.36	0.08	0.14	1.00	0.38	0.26	0.17	0.26	0.46
MOD	0.52	0.16	0.21	0.38	1.00	0.39	0.29	0.33	0.57
SMCI	0.47	0.19	0.20	0.26	0.39	1.00	0.33	0.37	0.66
GOOGL	0.71	0.27	0.26	0.17	0.29	0.33	1.00	0.36	0.51
AEHR	0.47	0.17	0.23	0.26	0.33	0.37	0.36	1.00	0.74
Portfolio	0.65	0.34	0.49	0.46	0.57	0.66	0.51	0.74	1.00

The correlation results are calculated based on daily price changes starting from Oct 16, 2020

Performance Analysis

Risk Analysis

Optimization

Factor Model

2023-2024 вар3

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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Screeners

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