Div Kings

Asset Allocation

Position	Category/Sector	Target Weight
BKH Black Hills Corporation	Utilities	6.67%
ED Consolidated Edison, Inc.	Utilities	6.67%
FRT Federal Realty Investment Trust	Real Estate	6.67%
GPC Genuine Parts Company	Consumer Cyclical	6.67%
HRL Hormel Foods Corporation	Consumer Defensive	6.67%
JNJ Johnson & Johnson	Healthcare	6.67%
KMB Kimberly-Clark Corporation	Consumer Defensive	6.67%
MO Altria Group, Inc.	Consumer Defensive	6.67%
NFG National Fuel Gas Company	Energy	6.67%
NWN Northwest Natural Holding Company	Utilities	6.67%
PEP PepsiCo, Inc.	Consumer Defensive	6.67%
SWK Stanley Black & Decker, Inc.	Industrials	6.67%
TGT Target Corporation	Consumer Defensive	6.67%
UBSI United Bankshares, Inc.	Financial Services	6.67%
UVV Universal Corporation	Consumer Defensive	6.67%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Div Kings, 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 Mar 26, 1990, corresponding to the inception date of NWN

Returns By Period

As of Apr 2, 2026, the Div Kings returned 7.50% Year-To-Date and 6.41% 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 Div Kings	0.04%	-3.18%	7.50%	7.60%	10.19%	6.16%	4.55%	6.41%
Portfolio components:
MO Altria Group, Inc.	0.43%	-2.94%	15.96%	3.55%	23.23%	22.72%	13.73%	7.41%
UVV Universal Corporation	-0.74%	-2.15%	0.68%	-3.31%	-0.85%	6.00%	3.68%	4.62%
NWN Northwest Natural Holding Company	0.90%	2.11%	16.11%	23.65%	30.55%	9.15%	4.73%	3.80%
BKH Black Hills Corporation	0.69%	-4.90%	1.64%	17.79%	19.75%	8.13%	5.08%	5.06%
UBSI United Bankshares, Inc.	0.63%	0.59%	9.60%	15.20%	25.92%	10.33%	5.61%	5.37%
FRT Federal Realty Investment Trust	0.69%	-2.38%	8.30%	10.25%	12.72%	7.21%	4.84%	-0.03%
HRL Hormel Foods Corporation	0.27%	-10.20%	-5.60%	-8.15%	-24.60%	-15.15%	-11.54%	-4.17%
NFG National Fuel Gas Company	-1.16%	0.79%	16.66%	1.68%	19.25%	20.98%	16.78%	9.88%
KMB Kimberly-Clark Corporation	-1.48%	-7.00%	-3.54%	-19.67%	-29.74%	-7.18%	-3.30%	-0.03%
ED Consolidated Edison, Inc.	1.33%	2.73%	17.13%	20.14%	8.85%	10.40%	13.13%	7.95%

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

Monthly Returns

Based on dividend-adjusted daily data since Mar 27, 1990, Div Kings's average daily return is +0.05%, while the average monthly return is +0.97%. At this rate, your investment would double in approximately 6.0 years.

Historically, 63% of months were positive and 37% were negative. The best month was Dec 2000 with a return of +11.5%, while the worst month was Oct 2008 at -12.9%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Div Kings closed higher 54% of trading days. The best single day was Mar 17, 2020 with a return of +11.5%, while the worst single day was Mar 12, 2020 at -9.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	6.26%	5.37%	-3.91%	-0.09%									7.50%
2025	2.20%	2.44%	0.22%	-3.60%	2.50%	-1.76%	1.16%	3.91%	0.65%	-4.37%	4.56%	-0.59%	7.11%
2024	-2.92%	1.05%	5.65%	-0.85%	-1.61%	-2.01%	9.70%	2.19%	0.18%	-3.69%	4.41%	-6.50%	4.61%
2023	1.87%	-2.85%	-1.16%	2.15%	-8.33%	4.76%	1.96%	-4.62%	-5.20%	-2.79%	6.97%	5.63%	-2.82%
2022	-2.23%	-1.67%	3.61%	0.21%	0.60%	-6.18%	4.69%	-3.02%	-8.26%	9.40%	5.10%	-4.16%	-3.30%
2021	-1.39%	4.16%	10.02%	1.33%	2.57%	-0.99%	0.49%	0.49%	-5.04%	3.44%	-1.67%	10.00%	24.77%

Benchmark Metrics

Div Kings has an annualized alpha of 5.53%, beta of 0.67, and R² of 0.64 versus S&P 500 Index. Calculated based on daily prices since March 27, 1990.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (74.75%) than losses (55.91%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 5.53% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.67 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: 5.53%

Beta: 0.67

R²: 0.64

Upside Capture: 74.75%

Downside Capture: 55.91%

Expense Ratio

Div Kings 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

Div Kings ranks 15 for risk / return — in the bottom 15% 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	0.74	0.88	-0.14
Sortino ratio Return per unit of downside risk	1.14	1.37	-0.22
Omega ratio Gain probability vs. loss probability	1.14	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	1.16	1.39	-0.23
Martin ratio Return relative to average drawdown	3.50	6.43	-2.94
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
MO Altria Group, Inc.	68	1.12	1.53	1.22	1.20	3.11
UVV Universal Corporation	36	-0.03	0.14	1.02	-0.04	-0.07
NWN Northwest Natural Holding Company	82	1.61	2.12	1.29	3.19	6.46
BKH Black Hills Corporation	71	1.01	1.44	1.19	1.93	4.55
UBSI United Bankshares, Inc.	72	1.00	1.50	1.20	1.82	4.95
FRT Federal Realty Investment Trust	59	0.59	0.99	1.12	0.97	3.83
HRL Hormel Foods Corporation	9	-0.92	-1.14	0.85	-0.80	-1.38
NFG National Fuel Gas Company	66	0.92	1.37	1.18	1.24	2.69
KMB Kimberly-Clark Corporation	4	-1.19	-1.53	0.78	-0.97	-1.55
ED Consolidated Edison, Inc.	51	0.49	0.77	1.09	0.59	0.97

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.

Div Kings Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 0.74
5-Year: 0.32
10-Year: 0.39
All Time: 0.76

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 1.00 to 1.70, 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 Div Kings 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

Div Kings provided a 4.13% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.13%	4.30%	4.12%	4.11%	3.68%	3.27%	3.78%	3.17%	3.48%	3.00%	2.87%	3.05%
Portfolio components:
MO Altria Group, Inc.	6.39%	7.21%	7.65%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%
UVV Universal Corporation	6.25%	6.18%	5.87%	4.72%	5.95%	5.64%	6.30%	5.29%	4.80%	4.11%	3.33%	3.71%
NWN Northwest Natural Holding Company	3.66%	4.20%	4.94%	4.99%	4.06%	3.94%	4.16%	2.58%	3.13%	3.16%	3.13%	3.68%
BKH Black Hills Corporation	3.91%	3.90%	4.44%	4.63%	3.43%	3.25%	3.53%	2.61%	3.07%	3.01%	2.74%	3.49%
UBSI United Bankshares, Inc.	3.60%	3.88%	3.94%	3.86%	3.56%	3.89%	4.32%	3.54%	4.37%	3.83%	2.85%	3.49%
FRT Federal Realty Investment Trust	4.20%	4.39%	2.93%	4.21%	4.26%	3.12%	4.96%	3.22%	3.42%	2.98%	2.70%	2.48%
HRL Hormel Foods Corporation	5.26%	4.89%	3.60%	3.43%	2.28%	2.01%	2.00%	1.86%	1.76%	1.87%	1.67%	1.26%
NFG National Fuel Gas Company	2.30%	2.65%	3.36%	3.91%	2.97%	2.83%	4.30%	3.72%	3.30%	3.00%	2.84%	3.67%
KMB Kimberly-Clark Corporation	5.26%	5.00%	3.72%	3.88%	3.42%	3.19%	3.17%	3.00%	3.51%	3.22%	3.22%	2.77%
ED Consolidated Edison, Inc.	2.98%	3.42%	3.72%	3.56%	3.32%	3.63%	4.23%	3.27%	3.74%	3.25%	3.64%	4.05%

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 Div Kings. 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 Div Kings was 42.21%, occurring on Mar 9, 2009. Recovery took 250 trading sessions.

The current Div Kings drawdown is 4.29%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-42.21%	Dec 11, 2007	312	Mar 9, 2009	250	Mar 5, 2010	562
-32.52%	Jan 21, 2020	44	Mar 23, 2020	222	Feb 8, 2021	266
-25.76%	Jul 16, 1999	163	Mar 7, 2000	165	Oct 30, 2000	328
-23.43%	Apr 11, 2002	72	Jul 23, 2002	324	Nov 3, 2003	396
-22.24%	Apr 21, 2022	383	Oct 27, 2023	243	Oct 16, 2024	626

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 15 assets, with an effective number of assets of 15.00, 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	HRL	TGT	UBSI	UVV	JNJ	MO	FRT	KMB	NWN	ED	NFG	PEP	BKH	SWK	GPC	Portfolio
Benchmark	1.00	0.31	0.50	0.45	0.36	0.46	0.38	0.41	0.39	0.34	0.34	0.43	0.43	0.39	0.58	0.56	0.73
HRL	0.31	1.00	0.21	0.19	0.25	0.26	0.27	0.23	0.32	0.24	0.28	0.24	0.32	0.25	0.22	0.28	0.49
TGT	0.50	0.21	1.00	0.28	0.22	0.25	0.22	0.26	0.26	0.21	0.19	0.21	0.26	0.22	0.36	0.38	0.53
UBSI	0.45	0.19	0.28	1.00	0.32	0.20	0.19	0.34	0.18	0.29	0.17	0.29	0.19	0.32	0.37	0.36	0.55
UVV	0.36	0.25	0.22	0.32	1.00	0.21	0.38	0.27	0.25	0.29	0.21	0.29	0.24	0.30	0.28	0.29	0.55
JNJ	0.46	0.26	0.25	0.20	0.21	1.00	0.33	0.21	0.34	0.23	0.32	0.23	0.39	0.26	0.27	0.31	0.51
MO	0.38	0.27	0.22	0.19	0.38	0.33	1.00	0.24	0.32	0.23	0.31	0.25	0.35	0.25	0.25	0.30	0.54
FRT	0.41	0.23	0.26	0.34	0.27	0.21	0.24	1.00	0.24	0.32	0.29	0.31	0.24	0.34	0.32	0.33	0.54
KMB	0.39	0.32	0.26	0.18	0.25	0.34	0.32	0.24	1.00	0.26	0.34	0.23	0.39	0.28	0.29	0.31	0.53
NWN	0.34	0.24	0.21	0.29	0.29	0.23	0.23	0.32	0.26	1.00	0.38	0.37	0.26	0.44	0.26	0.28	0.55
ED	0.34	0.28	0.19	0.17	0.21	0.32	0.31	0.29	0.34	0.38	1.00	0.34	0.33	0.45	0.22	0.27	0.53
NFG	0.43	0.24	0.21	0.29	0.29	0.23	0.25	0.31	0.23	0.37	0.34	1.00	0.22	0.40	0.30	0.32	0.55
PEP	0.43	0.32	0.26	0.19	0.24	0.39	0.35	0.24	0.39	0.26	0.33	0.22	1.00	0.26	0.26	0.32	0.54
BKH	0.39	0.25	0.22	0.32	0.30	0.26	0.25	0.34	0.28	0.44	0.45	0.40	0.26	1.00	0.27	0.29	0.58
SWK	0.58	0.22	0.36	0.37	0.28	0.27	0.25	0.32	0.29	0.26	0.22	0.30	0.26	0.27	1.00	0.48	0.60
GPC	0.56	0.28	0.38	0.36	0.29	0.31	0.30	0.33	0.31	0.28	0.27	0.32	0.32	0.29	0.48	1.00	0.62
Portfolio	0.73	0.49	0.53	0.55	0.55	0.51	0.54	0.54	0.53	0.55	0.53	0.55	0.54	0.58	0.60	0.62	1.00

The correlation results are calculated based on daily price changes starting from Mar 27, 1990

Div Kings

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