Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | High Yield Bonds | 25% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | High Yield Bonds | 25% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | High Yield Bonds | 25% |
SPHY SPDR Portfolio High Yield Bond ETF | High Yield Bonds | 25% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Better Income 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 Oct 17, 2013, corresponding to the inception date of SHYG
Returns By Period
As of Apr 2, 2026, the Better Income Portfolio returned -0.17% Year-To-Date and 5.83% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.72% | -3.54% | -3.95% | -2.09% | 15.95% | 16.96% | 10.34% | 12.24% |
Portfolio Better Income Portfolio | 0.31% | -0.50% | -0.17% | 0.82% | 6.54% | 7.86% | 4.31% | 5.83% |
| Portfolio components: | ||||||||
SPHY SPDR Portfolio High Yield Bond ETF | 0.25% | -0.69% | -0.07% | 1.01% | 7.16% | 8.49% | 4.36% | 5.32% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 0.15% | -0.32% | -0.02% | 1.12% | 6.67% | 7.72% | 4.76% | 5.36% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 0.21% | -0.31% | -0.02% | 0.97% | 6.59% | 7.86% | 4.76% | 5.84% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 0.65% | -2.01% | -0.56% | 0.13% | 6.50% | 7.37% | 3.32% | 6.73% |
Monthly Returns
Based on dividend-adjusted daily data since Oct 18, 2013, Better Income Portfolio's average daily return is +0.02%, while the average monthly return is +0.42%. At this rate, your investment would double in approximately 13.8 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +5.5%, while the worst month was Mar 2020 at -11.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Better Income Portfolio closed higher 55% of trading days. The best single day was Apr 9, 2020 with a return of +5.5%, while the worst single day was Mar 9, 2020 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.59% | 0.10% | -1.16% | 0.31% | -0.17% | ||||||||
| 2025 | 1.29% | 0.83% | -0.96% | -0.36% | 1.70% | 1.93% | 0.24% | 1.15% | 1.09% | -0.04% | 0.65% | 0.54% | 8.31% |
| 2024 | 0.53% | 0.10% | 1.12% | -1.17% | 1.33% | 0.34% | 2.16% | 1.42% | 1.56% | -0.79% | 1.61% | -0.65% | 7.75% |
| 2023 | 3.39% | -1.38% | 1.84% | 0.11% | -0.93% | 1.86% | 1.12% | 0.24% | -1.30% | -0.79% | 4.44% | 2.84% | 11.84% |
| 2022 | -2.36% | -0.91% | -0.98% | -3.51% | 1.21% | -6.05% | 5.36% | -2.69% | -3.19% | 2.51% | 3.23% | -1.21% | -8.81% |
| 2021 | -0.01% | 0.53% | 0.78% | 0.91% | 0.23% | 1.45% | 0.26% | 0.56% | -0.10% | 0.11% | -1.25% | 1.95% | 5.53% |
Benchmark Metrics
Better Income Portfolio has an annualized alpha of 1.68%, beta of 0.28, and R² of 0.53 versus S&P 500 Index. Calculated based on daily prices since October 18, 2013.
- This portfolio participated in 35.32% of S&P 500 Index downside but only 32.60% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.28 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.68%
- Beta
- 0.28
- R²
- 0.53
- Upside Capture
- 32.60%
- Downside Capture
- 35.32%
Expense Ratio
Better Income Portfolio has an expense ratio of 0.29%, 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.
Return for Risk
Risk / Return Rank
Better Income Portfolio ranks 50 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.22 | 0.92 | +0.30 |
Sortino ratioReturn per unit of downside risk | 1.77 | 1.41 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.41 | +0.22 |
Martin ratioReturn relative to average drawdown | 8.29 | 6.61 | +1.68 |
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 | |
|---|---|---|---|---|---|---|
SPHY SPDR Portfolio High Yield Bond ETF | 75 | 1.31 | 1.94 | 1.31 | 1.81 | 9.48 |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 76 | 1.29 | 1.93 | 1.33 | 1.82 | 10.29 |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 74 | 1.27 | 1.88 | 1.31 | 1.77 | 10.05 |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 53 | 1.00 | 1.40 | 1.24 | 1.26 | 5.20 |
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Dividends
Dividend yield
Better Income Portfolio provided a 7.00% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 7.00% | 6.93% | 7.12% | 6.58% | 5.65% | 4.52% | 5.18% | 5.47% | 5.42% | 5.20% | 5.20% | 5.27% |
| Portfolio components: | ||||||||||||
SPHY SPDR Portfolio High Yield Bond ETF | 7.37% | 7.38% | 7.80% | 7.30% | 6.47% | 5.13% | 5.63% | 5.73% | 4.09% | 4.41% | 4.27% | 4.29% |
SHYG iShares 0-5 Year High Yield Corporate Bond ETF | 7.09% | 7.03% | 6.93% | 6.54% | 5.57% | 4.83% | 5.07% | 5.33% | 5.90% | 5.49% | 5.53% | 5.17% |
SJNK SPDR Bloomberg Barclays Short Term High Yield Bond ETF | 7.13% | 7.12% | 7.47% | 7.20% | 5.85% | 4.21% | 5.34% | 5.64% | 5.69% | 5.64% | 5.65% | 5.81% |
ANGL VanEck Vectors Fallen Angel High Yield Bond ETF | 6.42% | 6.20% | 6.29% | 5.27% | 4.72% | 3.90% | 4.67% | 5.19% | 5.99% | 5.25% | 5.34% | 5.81% |
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 Better Income 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 Better Income Portfolio was 21.93%, occurring on Mar 23, 2020. Recovery took 113 trading sessions.
The current Better Income Portfolio drawdown is 1.17%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.93% | Feb 18, 2020 | 25 | Mar 23, 2020 | 113 | Sep 1, 2020 | 138 |
| -13.1% | Dec 28, 2021 | 189 | Sep 27, 2022 | 305 | Dec 13, 2023 | 494 |
| -10.86% | Apr 28, 2015 | 201 | Feb 11, 2016 | 78 | Jun 3, 2016 | 279 |
| -5.49% | Oct 3, 2018 | 57 | Dec 24, 2018 | 28 | Feb 5, 2019 | 85 |
| -4.83% | Mar 3, 2025 | 27 | Apr 8, 2025 | 23 | May 12, 2025 | 50 |
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
| Benchmark | SPHY | ANGL | SHYG | SJNK | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.48 | 0.57 | 0.69 | 0.68 | 0.66 |
| SPHY | 0.48 | 1.00 | 0.56 | 0.62 | 0.63 | 0.81 |
| ANGL | 0.57 | 0.56 | 1.00 | 0.76 | 0.76 | 0.87 |
| SHYG | 0.69 | 0.62 | 0.76 | 1.00 | 0.90 | 0.89 |
| SJNK | 0.68 | 0.63 | 0.76 | 0.90 | 1.00 | 0.89 |
| Portfolio | 0.66 | 0.81 | 0.87 | 0.89 | 0.89 | 1.00 |