Top Tier Hedge Funds

Asset Allocation

Position	Category/Sector	Target Weight
ADSK Autodesk, Inc.	Technology	2.37%
AMZN Amazon.com, Inc	Consumer Cyclical	3.43%
AON Aon plc	Financial Services	2.62%
AZN AstraZeneca PLC	Healthcare	2.35%
BAC Bank of America Corporation	Financial Services	2.69%
BSX Boston Scientific Corporation	Healthcare	2.47%
CRM salesforce.com, inc.	Technology	3.80%
DG Dollar General Corporation	Consumer Defensive	2.52%
GE General Electric Company	Industrials	9.56%
GOOG Alphabet Inc	Communication Services	9.52%
INTU Intuit Inc.	Technology	3.86%
JPM JPMorgan Chase & Co.	Financial Services	3.49%
MCO Moody's Corporation	Financial Services	7.75%
META Meta Platforms, Inc.	Communication Services	2.31%
MSFT Microsoft Corporation	Technology	13.77%
NVDA NVIDIA Corporation	Technology	3.13%
SCHW The Charles Schwab Corporation	Financial Services	2.95%
SPGI S&P Global Inc.	Financial Services	6.61%
UNH UnitedHealth Group Incorporated	Healthcare	5%
V Visa Inc.	Financial Services	9.80%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Top Tier Hedge Funds, 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 Apr 3, 2014, corresponding to the inception date of GOOG

Returns By Period

As of Apr 2, 2026, the Top Tier Hedge Funds returned -14.35% Year-To-Date and 20.52% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Top Tier Hedge Funds	0.17%	-6.35%	-14.35%	-10.35%	6.77%	20.88%	14.76%	20.52%
Portfolio components:
MSFT Microsoft Corporation	1.11%	-7.54%	-22.60%	-27.29%	-1.52%	10.00%	9.94%	22.58%
V Visa Inc.	0.77%	-6.24%	-14.05%	-12.70%	-12.50%	10.35%	7.55%	15.28%
GE General Electric Company	-3.94%	-15.73%	-8.59%	-5.86%	41.49%	54.57%	34.17%	7.77%
GOOG Alphabet Inc	-0.15%	-2.93%	-6.10%	19.65%	86.00%	41.44%	22.67%	23.06%
MCO Moody's Corporation	0.46%	-5.06%	-13.53%	-8.20%	-5.65%	14.08%	8.51%	17.60%
SPGI S&P Global Inc.	1.41%	-2.89%	-17.30%	-9.15%	-15.45%	8.46%	4.39%	17.03%
UNH UnitedHealth Group Incorporated	1.20%	-3.39%	-15.36%	-20.48%	-45.51%	-15.89%	-3.82%	9.69%
INTU Intuit Inc.	-0.80%	-2.51%	-36.10%	-37.81%	-31.50%	-0.75%	1.99%	15.83%
CRM salesforce.com, inc.	0.50%	-4.52%	-29.34%	-21.52%	-30.62%	-1.21%	-2.83%	9.61%
JPM JPMorgan Chase & Co.	-0.26%	-1.89%	-8.16%	-3.31%	22.30%	34.44%	16.83%	20.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Apr 4, 2014, Top Tier Hedge Funds's average daily return is +0.08%, while the average monthly return is +1.64%. At this rate, your investment would double in approximately 3.6 years.

Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.0%, while the worst month was Apr 2022 at -11.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.

On a daily basis, Top Tier Hedge Funds closed higher 57% of trading days. The best single day was Mar 24, 2020 with a return of +11.2%, while the worst single day was Mar 16, 2020 at -12.9%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	-3.74%	-4.69%	-7.27%	0.67%									-14.35%
2025	6.38%	-2.20%	-4.49%	-0.55%	9.03%	4.98%	2.21%	1.42%	1.45%	2.38%	-0.03%	2.54%	24.82%
2024	3.28%	5.64%	4.31%	-1.74%	3.48%	4.07%	0.83%	1.64%	1.38%	-0.76%	6.62%	-2.15%	29.53%
2023	10.85%	-2.05%	7.62%	3.62%	3.88%	4.72%	3.72%	-1.09%	-4.77%	-0.28%	12.19%	3.95%	49.63%
2022	-5.82%	-3.81%	3.12%	-11.33%	-0.95%	-7.49%	10.77%	-5.48%	-10.53%	8.36%	7.24%	-5.89%	-22.25%
2021	-2.23%	6.44%	3.57%	8.44%	1.34%	4.21%	2.76%	3.58%	-4.34%	9.32%	-3.31%	2.28%	35.87%

Benchmark Metrics

Top Tier Hedge Funds has an annualized alpha of 7.51%, beta of 1.09, and R² of 0.91 versus S&P 500 Index. Calculated based on daily prices since April 04, 2014.

This portfolio captured 134.50% of S&P 500 Index gains but only 94.59% of its losses — a favorable profile for investors.
This portfolio generated an annualized alpha of 7.51% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
With beta of 1.09 and R² of 0.91, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha: 7.51%

Beta: 1.09

R²: 0.91

Upside Capture: 134.50%

Downside Capture: 94.59%

Expense Ratio

Top Tier Hedge Funds 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.

Return for Risk

Risk / Return Rank

Top Tier Hedge Funds ranks 8 for risk / return — in the bottom 8% of portfolios on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.88	-0.51
Sortino ratio Return per unit of downside risk	0.65	1.37	-0.72
Omega ratio Gain probability vs. loss probability	1.09	1.21	-0.12
Calmar ratio Return relative to maximum drawdown	0.36	1.39	-1.03
Martin ratio Return relative to average drawdown	1.20	6.43	-5.24
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
MSFT Microsoft Corporation	35	-0.06	0.11	1.01	-0.05	-0.12
V Visa Inc.	16	-0.53	-0.59	0.92	-0.61	-1.33
GE General Electric Company	75	1.27	1.73	1.25	1.86	6.67
GOOG Alphabet Inc	94	2.87	3.82	1.47	4.14	15.67
MCO Moody's Corporation	29	-0.19	-0.06	0.99	-0.22	-0.60
SPGI S&P Global Inc.	18	-0.53	-0.52	0.92	-0.49	-1.22
UNH UnitedHealth Group Incorporated	11	-0.89	-1.09	0.82	-0.76	-1.00
INTU Intuit Inc.	12	-0.88	-1.15	0.85	-0.55	-1.29
CRM salesforce.com, inc.	8	-0.87	-1.13	0.86	-0.79	-1.64
JPM JPMorgan Chase & Co.	67	0.89	1.28	1.18	1.51	4.05

Sharpe Ratio

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.

Top Tier Hedge Funds Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 0.37
5-Year: 0.78
10-Year: 1.00
All Time: 1.00

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 0.98 to 1.66, 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 Top Tier Hedge Funds compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Top Tier Hedge Funds provided a 0.96% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	0.96%	0.78%	0.82%	0.71%	0.81%	0.60%	0.74%	1.13%	1.39%	1.29%	1.33%	1.32%
Portfolio components:
MSFT Microsoft Corporation	0.93%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
V Visa Inc.	0.84%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%
GE General Electric Company	0.55%	0.47%	0.67%	0.25%	0.38%	0.34%	0.37%	4.12%	4.89%	4.81%	2.94%	2.95%
GOOG Alphabet Inc	0.29%	0.26%	0.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MCO Moody's Corporation	0.87%	0.74%	0.72%	0.79%	1.26%	0.63%	0.77%	0.84%	1.26%	1.03%	1.57%	1.36%
SPGI S&P Global Inc.	0.89%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%
UNH UnitedHealth Group Incorporated	3.19%	2.64%	1.62%	1.38%	1.21%	1.12%	1.38%	1.41%	1.38%	1.30%	1.48%	1.59%
INTU Intuit Inc.	1.06%	0.65%	0.60%	0.52%	0.72%	0.38%	0.57%	0.74%	0.83%	0.89%	1.08%	1.09%
CRM salesforce.com, inc.	0.89%	0.63%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JPM JPMorgan Chase & Co.	1.97%	1.72%	1.92%	2.38%	2.98%	2.34%	2.83%	2.37%	2.54%	1.91%	2.13%	2.54%

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 Top Tier Hedge Funds. 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 Top Tier Hedge Funds was 34.80%, occurring on Mar 23, 2020. Recovery took 107 trading sessions.

The current Top Tier Hedge Funds drawdown is 16.38%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-34.8%	Feb 20, 2020	23	Mar 23, 2020	107	Aug 24, 2020	130
-30.92%	Nov 9, 2021	232	Oct 11, 2022	187	Jul 12, 2023	419
-23.01%	Sep 21, 2018	65	Dec 24, 2018	59	Mar 21, 2019	124
-19.3%	Jan 7, 2026	56	Mar 27, 2026	—	—	—
-16.3%	Feb 14, 2025	37	Apr 8, 2025	33	May 27, 2025	70

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 20 assets, with an effective number of assets of 14.06, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

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

	Benchmark	DG	AZN	UNH	GE	AON	BSX	SCHW	NVDA	BAC	META	JPM	AMZN	CRM	GOOG	ADSK	INTU	V	SPGI	MSFT	MCO	Portfolio
Benchmark	1.00	0.31	0.35	0.44	0.52	0.52	0.54	0.58	0.63	0.61	0.61	0.64	0.64	0.61	0.69	0.67	0.67	0.67	0.65	0.73	0.69	0.92
DG	0.31	1.00	0.16	0.25	0.12	0.23	0.23	0.20	0.15	0.18	0.17	0.17	0.17	0.19	0.17	0.24	0.21	0.22	0.25	0.20	0.27	0.29
AZN	0.35	0.16	1.00	0.24	0.17	0.26	0.31	0.16	0.18	0.18	0.23	0.20	0.20	0.22	0.24	0.24	0.25	0.30	0.30	0.27	0.31	0.34
UNH	0.44	0.25	0.24	1.00	0.20	0.34	0.36	0.30	0.20	0.31	0.21	0.33	0.22	0.24	0.29	0.27	0.29	0.36	0.37	0.29	0.36	0.44
GE	0.52	0.12	0.17	0.20	1.00	0.29	0.29	0.44	0.30	0.47	0.29	0.50	0.26	0.24	0.30	0.31	0.28	0.33	0.31	0.28	0.33	0.54
AON	0.52	0.23	0.26	0.34	0.29	1.00	0.41	0.38	0.22	0.37	0.27	0.42	0.27	0.34	0.31	0.37	0.41	0.47	0.50	0.40	0.52	0.53
BSX	0.54	0.23	0.31	0.36	0.29	0.41	1.00	0.33	0.31	0.32	0.36	0.36	0.33	0.39	0.39	0.41	0.41	0.47	0.45	0.41	0.46	0.56
SCHW	0.58	0.20	0.16	0.30	0.44	0.38	0.33	1.00	0.32	0.72	0.28	0.68	0.29	0.34	0.33	0.38	0.37	0.43	0.41	0.34	0.43	0.56
NVDA	0.63	0.15	0.18	0.20	0.30	0.22	0.31	0.32	1.00	0.31	0.50	0.32	0.53	0.49	0.51	0.51	0.50	0.40	0.40	0.58	0.41	0.63
BAC	0.61	0.18	0.18	0.31	0.47	0.37	0.32	0.72	0.31	1.00	0.31	0.85	0.29	0.31	0.35	0.37	0.35	0.44	0.41	0.32	0.44	0.57
META	0.61	0.17	0.23	0.21	0.29	0.27	0.36	0.28	0.50	0.31	1.00	0.32	0.61	0.51	0.63	0.47	0.48	0.46	0.42	0.57	0.44	0.65
JPM	0.64	0.17	0.20	0.33	0.50	0.42	0.36	0.68	0.32	0.85	0.32	1.00	0.31	0.32	0.37	0.37	0.35	0.47	0.44	0.36	0.46	0.60
AMZN	0.64	0.17	0.20	0.22	0.26	0.27	0.33	0.29	0.53	0.29	0.61	0.31	1.00	0.55	0.66	0.51	0.53	0.46	0.43	0.63	0.46	0.68
CRM	0.61	0.19	0.22	0.24	0.24	0.34	0.39	0.34	0.49	0.31	0.51	0.32	0.55	1.00	0.51	0.62	0.63	0.50	0.50	0.58	0.51	0.68
GOOG	0.69	0.17	0.24	0.29	0.30	0.31	0.39	0.33	0.51	0.35	0.63	0.37	0.66	0.51	1.00	0.51	0.53	0.51	0.46	0.65	0.48	0.74
ADSK	0.67	0.24	0.24	0.27	0.31	0.37	0.41	0.38	0.51	0.37	0.47	0.37	0.51	0.62	0.51	1.00	0.63	0.52	0.53	0.58	0.55	0.70
INTU	0.67	0.21	0.25	0.29	0.28	0.41	0.41	0.37	0.50	0.35	0.48	0.35	0.53	0.63	0.53	0.63	1.00	0.54	0.56	0.63	0.59	0.72
V	0.67	0.22	0.30	0.36	0.33	0.47	0.47	0.43	0.40	0.44	0.46	0.47	0.46	0.50	0.51	0.52	0.54	1.00	0.58	0.55	0.59	0.73
SPGI	0.65	0.25	0.30	0.37	0.31	0.50	0.45	0.41	0.40	0.41	0.42	0.44	0.43	0.50	0.46	0.53	0.56	0.58	1.00	0.54	0.82	0.73
MSFT	0.73	0.20	0.27	0.29	0.28	0.40	0.41	0.34	0.58	0.32	0.57	0.36	0.63	0.58	0.65	0.58	0.63	0.55	0.54	1.00	0.55	0.79
MCO	0.69	0.27	0.31	0.36	0.33	0.52	0.46	0.43	0.41	0.44	0.44	0.46	0.46	0.51	0.48	0.55	0.59	0.59	0.82	0.55	1.00	0.75
Portfolio	0.92	0.29	0.34	0.44	0.54	0.53	0.56	0.56	0.63	0.57	0.65	0.60	0.68	0.68	0.74	0.70	0.72	0.73	0.73	0.79	0.75	1.00

The correlation results are calculated based on daily price changes starting from Apr 4, 2014

Top Tier Hedge Funds

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table