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x2
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Diversification

Asset Allocation


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in x2, 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.


0.00%50,000.00%100,000.00%150,000.00%200,000.00%December2025FebruaryMarchAprilMay
180,560.94%
416.22%
x2
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Jul 30, 2010, corresponding to the inception date of ASFYX

Returns By Period

As of May 3, 2025, the x2 returned -8.66% Year-To-Date and 30.62% of annualized return in the last 10 years.


YTD1M6M1Y5Y*10Y*
^GSPC
S&P 500
-3.31%5.38%-0.74%10.90%14.93%10.61%
x2-8.47%0.11%-1.21%3.78%18.30%31.03%
TQQQ
ProShares UltraPro QQQ
-24.67%18.15%-15.69%6.22%30.34%30.30%
TMF
Direxion Daily 20-Year Treasury Bull 3X
-0.40%-13.48%-12.37%-12.31%-36.91%-13.27%
BTC-USD
Bitcoin
3.73%16.61%39.86%54.09%61.21%83.05%
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y
-16.47%-9.15%-15.16%-24.56%1.41%0.49%
VT
Vanguard Total World Stock ETF
1.68%5.93%2.37%11.58%14.26%8.95%
GLD
SPDR Gold Trust
23.07%4.04%18.03%39.92%13.20%10.05%
TIP
iShares TIPS Bond ETF
3.50%-1.26%2.67%5.99%1.45%2.37%
TLT
iShares 20+ Year Treasury Bond ETF
1.87%-4.13%-1.34%1.74%-9.68%-0.60%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
1.41%0.35%2.15%4.78%2.55%1.76%
*Annualized

Monthly Returns

The table below presents the monthly returns of x2, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20254.04%-2.98%-7.40%-2.85%0.80%-8.47%
2024-1.17%12.18%6.88%-9.72%7.30%1.83%1.20%-2.62%5.02%-4.73%13.14%-5.10%23.75%
202320.37%-4.43%11.84%1.22%0.84%7.34%-0.65%-7.23%-7.54%0.39%12.48%12.57%52.68%
2022-10.76%0.29%4.41%-13.98%-6.89%-8.97%11.24%-9.38%-11.31%-1.38%1.79%-9.57%-44.71%
2021-0.16%5.75%7.36%6.46%-6.06%5.53%8.65%4.87%-8.69%17.06%-1.81%-4.24%37.01%
202013.48%-1.03%-6.62%18.34%5.03%3.62%15.74%5.92%-8.21%0.75%19.88%19.03%118.53%
20193.85%2.97%9.98%9.59%13.08%16.00%0.84%9.24%-5.45%2.92%-1.73%-0.18%77.75%
20180.22%-7.81%-7.64%4.48%-1.16%-2.23%4.69%3.66%-5.34%-11.43%-7.98%0.15%-27.76%
20174.37%9.45%-1.69%7.95%20.39%1.14%6.68%17.86%-4.59%14.57%17.48%13.13%169.62%
2016-0.38%6.39%1.70%-1.55%5.48%11.94%5.57%-3.24%-0.09%-3.12%-4.21%8.44%28.66%
20153.11%1.48%-0.88%-3.25%-1.68%-4.29%8.11%-10.06%0.81%14.22%4.82%0.32%11.18%
20144.09%-2.62%-4.17%1.58%13.95%3.15%-0.87%5.37%-5.46%0.30%10.20%-1.07%25.21%

Expense Ratio

x2 has a high expense ratio of 1.02%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.


Expense ratio chart for ASFYX: current value is 1.47%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
ASFYX: 1.47%
Expense ratio chart for TMF: current value is 1.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TMF: 1.09%
Expense ratio chart for TQQQ: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TQQQ: 0.95%
Expense ratio chart for GLD: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GLD: 0.40%
Expense ratio chart for TIP: current value is 0.19%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TIP: 0.19%
Expense ratio chart for TLT: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TLT: 0.15%
Expense ratio chart for BIL: current value is 0.14%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BIL: 0.14%
Expense ratio chart for VT: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VT: 0.07%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 91, x2 is among the top 9% 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.


The Risk-Adjusted Performance Rank of x2 is 9191
Overall Rank
The Sharpe Ratio Rank of x2 is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of x2 is 9494
Sortino Ratio Rank
The Omega Ratio Rank of x2 is 8787
Omega Ratio Rank
The Calmar Ratio Rank of x2 is 8888
Calmar Ratio Rank
The Martin Ratio Rank of x2 is 9292
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.


The chart of Sharpe ratio for Portfolio, currently valued at -0.31, compared to the broader market-4.00-2.000.002.004.00
Portfolio: -0.31
^GSPC: 0.67
The chart of Sortino ratio for Portfolio, currently valued at -0.26, compared to the broader market-6.00-4.00-2.000.002.004.00
Portfolio: -0.26
^GSPC: 1.05
The chart of Omega ratio for Portfolio, currently valued at 0.97, compared to the broader market0.400.600.801.001.201.401.60
Portfolio: 0.97
^GSPC: 1.16
The chart of Martin ratio for Portfolio, currently valued at -0.83, compared to the broader market0.005.0010.0015.0020.0025.00
Portfolio: -0.83
^GSPC: 2.70

Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
TQQQ
ProShares UltraPro QQQ
-0.260.151.020.24-0.97
TMF
Direxion Daily 20-Year Treasury Bull 3X
-1.00-1.410.84-0.07-1.45
BTC-USD
Bitcoin
1.642.271.241.357.13
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y
-1.97-2.530.66-0.79-3.44
VT
Vanguard Total World Stock ETF
0.220.451.060.040.99
GLD
SPDR Gold Trust
2.583.461.451.9913.85
TIP
iShares TIPS Bond ETF
0.420.591.080.021.05
TLT
iShares 20+ Year Treasury Bond ETF
-0.81-1.040.880.09-1.23
BIL
SPDR Barclays 1-3 Month T-Bill ETF
16.63239.52141.7360.354,678.99

The current x2 Sharpe ratio is -0.32. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 0.55 to 1.09, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of x2 with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.31
0.67
x2
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

x2 provided a 1.14% dividend yield over the last twelve months.


TTM20242023202220212020201920182017201620152014
Portfolio1.14%0.81%0.29%14.09%3.16%2.09%2.28%0.99%0.47%0.56%2.49%6.06%
TQQQ
ProShares UltraPro QQQ
1.66%1.27%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%
TMF
Direxion Daily 20-Year Treasury Bull 3X
4.25%4.29%2.82%1.62%0.13%2.23%0.94%1.49%0.41%0.00%0.00%0.00%
BTC-USD
Bitcoin
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ASFYX
AlphaSimplex Managed Futures Strategy Fund Class Y
1.75%1.47%0.98%32.48%6.07%3.40%5.51%1.30%0.07%0.01%5.06%13.64%
VT
Vanguard Total World Stock ETF
1.90%1.95%2.08%2.20%1.82%1.66%2.32%2.53%2.11%2.39%2.45%2.44%
GLD
SPDR 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%
TIP
iShares TIPS Bond ETF
2.91%2.52%2.73%6.96%4.28%1.17%1.75%2.71%2.07%1.48%0.34%1.67%
TLT
iShares 20+ Year Treasury Bond ETF
4.32%4.30%3.38%2.67%1.50%1.50%2.27%2.63%2.43%2.60%2.61%2.67%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
4.69%5.03%4.92%1.35%0.00%0.30%2.05%1.66%0.68%0.07%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.


-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-16.98%
-7.45%
x2
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the x2. 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 x2 was 51.31%, occurring on Dec 28, 2022. Recovery took 707 trading sessions.

The current x2 drawdown is 17.14%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-51.31%Nov 10, 2021414Dec 28, 2022707Dec 4, 20241121
-45.51%Jun 10, 20113Jun 12, 2011591Jan 23, 2013594
-41.65%Dec 17, 2017343Nov 24, 2018211Jun 23, 2019554
-36.3%Dec 5, 201314Dec 18, 2013401Jan 23, 2015415
-32.05%Nov 8, 201029Dec 6, 201058Feb 2, 201187

Volatility

Volatility Chart

The current x2 volatility is 14.31%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
14.31%
14.17%
x2
Benchmark (^GSPC)
Portfolio components

Diversification

Diversification Metrics


Number of Effective Assets
2.004.006.008.00
Effective Assets: 2.35

The portfolio contains 9 assets, with an effective number of assets of 2.35, 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

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

^GSPCBILASFYXBTC-USDGLDTIPTQQQTMFTLTVTPortfolio
^GSPC1.00-0.010.190.130.04-0.070.90-0.26-0.260.950.44
BIL-0.011.000.000.000.010.010.000.030.030.010.00
ASFYX0.190.001.000.020.070.040.190.010.010.220.28
BTC-USD0.130.000.021.000.050.020.10-0.01-0.010.110.71
GLD0.040.010.070.051.000.320.030.230.230.110.19
TIP-0.070.010.040.020.321.00-0.050.710.72-0.050.31
TQQQ0.900.000.190.100.03-0.051.00-0.17-0.170.790.45
TMF-0.260.030.01-0.010.230.71-0.171.000.99-0.210.29
TLT-0.260.030.01-0.010.230.72-0.170.991.00-0.210.29
VT0.950.010.220.110.11-0.050.79-0.21-0.211.000.39
Portfolio0.440.000.280.710.190.310.450.290.290.391.00
The correlation results are calculated based on daily price changes starting from Jul 31, 2010